If you are looking for a plan with low brokerage and top-class services, then Kotak trade free plan is a perfect solution for you.
With the announcement of the trade-free plan, Kotak Securitieshas strengthened its say in the world of full-service brokers. With charging ₹0 for all intraday trades, it has become a favorite amongst investors.
We bring you a complete review of the new Kotak Securities Trade Free Plan, so keep reading.
Kotak Trade Free Plan Review
The Trade Free Plan of Kotak Securities has marked a new wave in the stockbroker world as Kotak Securities announced that it would charge no amount for intraday tradingon all the segments.
There are various things that you get access to when you subscribe to the plan for Kotak trading. Let us discuss some of these points in detail.
▶️ Zero Brokerage for Intraday Trades- The first prominent, eye-catching feature of this plan is its free intraday trading plans across all segments, be it Equity (Cash), Currency and Commodity, and Equity Derivatives (F&O).
▶️ Pick the right stocks-If you subscribe to the plan, you get an added advantage of in-depth research and the right stocks chosen by specialized analysts.
▶️ No Capping –This simply means that there is no limit on the number of free intraday trades you can carry. You can enjoy unlimited free intraday trades not just in one but all the segments.
▶️ No account opening charges-You can open your account and begin your trading journey at absolutely no cost.
▶️ Kotak Trinity Account –You get to avail the benefit of a 3-in-1 Demat account with your trading and bank account included.
Investors often wonder who is eligible to be a part of the trade free plan. Any person who has a Kotak Demat account is eligible to avail of the services. There are some exceptions to it, like the ‘offline’ customer mode and the non-Indian residents.
There are some exceptions to it, like the ‘offline’ customer mode and the non-Indian residents.
You can subscribe to this plan once and enjoy the benefits for a lifetime till the time you don’t willingly discontinue the plan. Even if you discontinue the plan and want to start afresh, you can do that without any renewal fees.
Now that we have a basic idea about the plan let us move forward and look at the different Kotak securities trade free plan charges.
Kotak Trade Free Plan Charges
Although there are no charges on intraday trading, there are various other charges that are levied on this plan. We will discuss all the charges in the upcoming section of this article.
There are no account opening charges on the Trade free plan, and you can start trading within 60 minutes of opening your trading account with Kotak Securities.
Let us now discuss these charges in detail.
Kotak Trade Free Plan Intraday Charges
Intraday trading is a common method amongst traders wherein they buy and sell the shares on the same day. Kotak Securitieshas made a revolutionary step by making this segment of trading accessible.
The different charges for intraday trading are tabulated below:
Free (Just to retain the statutory requirements, a small brokerage of 1 paisa per scrip is charged.)
0.025% (sell side)
NSE: 0.00325% BSE: 0.00325%
0.003% or ₹ 300 / crore on buy side
Investor Protection Fund
For MIS (Margin Intraday Square off) and Super Multiple ₹20 on every executed order.
It can sometimes get a little confusing and difficult for the investors to figure out the actual brokerage on a trade. To make the work more accessible and convenient, a brokerage calculator comes in handy.
You just have to select the segment, buy price, number of shares, sell price, and your state. The brokerage charges are calculated accordingly.
Along with this, you also get the STT charges, transaction charges, stamp duty charges, and the GST that you will be charged.
So, now with this brokerage calculator, you don’t have to worry about getting wrong assumptions about the brokerage you will be charged.
Kotak Securities has been one popular stockbroker in the market. The Kotak Trade free plan is an added advantage.
If you are looking for a full-service and affordable broker, then this is the best for you.
With free intraday trading and other nominal charges, trading could be fun!
We hope that we were able to answer your question, what is the Kotak trade free plan in this article.
So open your Kotak demat account today and start trading!