Kotak Securities Charges
When choosing a stockbroker, it is important to look into the charges the broker imposes. So, if you are thinking of opening an account with Kotak Securities, then here is the complete information on Kotak Securities charges.
Since Kotak Securities is the bank-based stockbroker that offers full-service brokerage services and thus levies high brokerage fees, but at the same time, it offers multiple benefits like free account opening, 3-in-1 account, advanced Kotak trading platform, and lots more.
So, if you are looking ahead to open an account with this broker, then here we are with the detailed information on how does Kotak Securities charges brokerage.
Kotak Securities Charges List
Generally, when getting into trade or initiating a trade, the trader looks for the brokerage fees. But do you think it is enough to choose the right stockbroker?
Well! there are many more charges you must be aware of. So wondering what are the charges of Kotak Securities?
Here is the list of some of the common charges you must be aware of before opening an account with the broker.
The charges that we will discuss here are given below:
- Account opening charges
- Annual maintenance charges
- Brokerage Charges
- Transaction Charges
- Hidden charges
Kotak Demat Account Charges
Kotak Securities a bank-based stockbroker offers a seamless and simple way to open a demat account. So now you can secure your securities with the broker by following a simple online opening process.
To open the account, however, there are certain charges you must be aware of like:
- Account opening fees
- AMC Charges
- DP charges
Apart from these, there are some additional charges too, like dematerialization, rematerialization charges, pledge charges, etc.
Let’s talk about these charges one by one.
Kotak Securities Demat Account Opening Charges
Wondering how much Kotak Securities charges for opening an account. Well, if you want to get into a trade with this bank-base stockbroker than you can start trading without paying any fees as the broker does not charge any fee
Here are the details:
Additional charges like dematerialization, pledge charge, etc that one must be aware of. Here is the complete information in the table below:
Kotak Securities DP charges
Certain charges are not disclosed in the contract note and therefore many investors remain unaware. DP charges are one among them. It is the charge imposed whenever the transaction is done in your demat account.
Basically, these charges are imposed per scrip whenever the shares are debited from your demat account.
The dp charges of Kotak Securities are 0.04% of the value of securities (subject to a minimum of ₹27).
Kotak Trading Account Charges
Now apart from demat account, there is another kind of account, trading account necessary to initiate trade. This is the account that holds your fund while trading.
Generally, the broker offer 3-in-1 account, but you can also opt to open the trading account specifically when you want to do intraday trade only.
The Kotak securities charges for opening a trading account are given below:
Kotak Securities AMC Charges
Similarly, post opening the account, you need to get it maintained as well. Thus, the broker charges a specific maintenance fee on your demat account on a yearly basis.
The Kotak Securities AMC charges are:
Kotak Securities Brokerage
Once you open the demat account, the next is the brokerage fees that are imposed whenever you buy or sell shares in a particular segment.
Now you can trade in different trading segments including equity delivery, intraday, futures and options, the charges of trading in these segments vary on the basis of the segment and plan you opt for.
Grab the detail of the product you want to trade in and calculate the overall profit or loss you can earn.
Kotak Securities Delivery Brokerage Charges
The broker offers you the standard brokerage plan when you open an account with the firm but there is another plan that imposes a minimal brokerage fee to trade in the delivery segment.
The charges of Kotak Securities are tabulated below:
Kotak Securities Intraday Charges
Kotak Securities offer the best benefit to intraday traders with its Trade Free Plan. According to this plan, you can now trade for free intraday across segments.
However, under the standard brokerage plan, there are certain charges equal to 0.05% per trade.
Here is the detail of the Kotak Securities Intraday charges.
Kotak Commodity Brokerage Charges
With the introduction of the new plan, the broker now opens the gateway for its customers to trade in the commodity segment as well. You can trade in commodities in equity, futures, or options.
Here are the details of brokerage charges:
Kotak Securities Futures Brokerage
When you trade Futures contracts, the brokerage charges depend on your trade turnover slabs. Accordingly, the brokerage charges are calculated.
Here are the complete details on Brokerage for futures for the trade free plan.
Kotak Securities Options Brokerage
Here are the complete details on Brokerage for Options (Brokerage Applicable both sides i.e. Buy & Sell). This needs to be remembered that, options are traded in lots and the brokerage is calculated based on the number of lots.
Options can be traded in the equity, commodity, and currency segment.
Here is the brokerage charges detail.
Kotak Securities Brokerage Plans
Earlier the broker offers different brokerage plans but with time and understanding the need of its customers, it comes up with the Kotak Trade Free Plan.
According to this plan, there is no brokerage for intraday trading and one can trade in another segment at the minimum cost of ₹20 per trade.
Kotak Securities Trade Free Plan
Kotak Securities launched a trade-free plan, making intraday trading absolutely free. The trade-free plan has made it very convenient for a lot of investors as the Kotak Securities Charges have declined.
Anyone who has a demat account with Kotak Securities is eligible to use the trade-free plan.
The Kotak Securities charges for various segments of the trade-free plan are already mentioned above.
Kotak Securities Zero Brokerage Plan
Along with the trade free plan, there is a Zero brokerage plan under which the trader less than 30 years of age can reap the benefit of Free trading across segments.
To activate this plan, one has to fulfill the eligibility criteria and pay one-time subscription fees of Rs 499. Along with zero brokerage one gets free access to stock market courses of Elearnmarkets and Stockedge.
Check out the complete details and terms and conditions associated with the plan and subscribe now by opening a demat account online.
Kotak Securities Hidden Charges
Generally, there are no hidden charges levied by the broker. However, as a trader or investor, you are supposed to stay vigilant of all sorts of charges levied on your trades.
Thus, keep an eye on your contract notes or any sorts of notifications sent to you through email/SMS.
Having said that, some of the charges levied will be of the following nature:
- Stamp Duty
- Transaction Charges
These are not hidden charges but are regulatory charges or taxes levied by different bodies or central/state governments. However, if the charges put are based on some software usage charges or any special services charges, then it can be seen as something that are not “unhidden”.
Kotak Securities Transaction Charges
Apart from all the charges Kotak Securities also levies some transaction charges. Transaction charges are often charged on both sides when a trade is carried. The transaction charges levied by Kotak Securities are as follows
STT Charges in Kotak Securities
Whenever you buy or sell securities, you have to pay STT tax to the government. The STT charges in Kotak securities differ with each segment.
Given below are the STT charges according to different segments:
Kotak Securities Stamp Charges
Apart from all the charges levied by Kotak Securities, there are some stamp charges also. The stamp charges differ from state to state and also with different segments.
The list of Stamp charges in Kotak securities is given below:
Kotak Securities Brokerage Calculator
Calculating brokerage can be a hustle for some investors. They are often mistaken and lag behind.
You can take the help of the brokerage calculator for Kotak Securities to get the exact idea of the Kotak Securities charges that you will have to pay for your every executed order.
If you were curious to know what are the charges of Kotak securities, then we hope that this article cleared those doubts.
Apart from the brokerage charges, Kotak Securities also charges other charges which are also mentioned above.
Thus, now that you know about the Kotak Securities Charges, you can easily open an account and start trading by referring to the form below:
Know more on Kotak Securities
Hi, I am interested in opening Trading Account in Kotak Securities under FIT plan i.e. Free Intraday Plan. Please tell me Pros and Cons of this plan. Please share me link in case you have made video on this.