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 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 charges of Kotak Securities.
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:
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
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:
Kotak Demat Account Charges
Demat Account Opening Charges
Rs.50/- per request and Rs.3/- per certificate
Rs.10/- for 100 securities (shares, bonds, mutual funds units etc). Minimum Payment: ₹15
0.05% of value of securities (Minimum Charge: ₹30)
Invocation of Pledge
0.04% of value of securities (Minimum charges: ₹30)
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).
DP Charges in Kotak Securities
0.04% of the combined values of securities and NSDL charges
₹27/ + NSDL charges
0.06% of the values of securities and NSDL charges
₹ 44.50 + NSDL charges
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:
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.
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.
In the fixed brokerage plan, the brokerage charges for the options trading is ₹100 or 0.05%
Kotak Securities Brokerage Plans
There are different brokerage plans Kotak Securities offers to its clients. According to different plans, there are different Kotak Securities Charges. Clients can choose as per their preference and trading limit. The primary plans are:
Fixed Brokerage Plan
Kotak Securities FIT Plan
Kotak Trade Free Plan
Here are the details:
Kotak Securities Fixed Brokerage Plans
The fixed brokerage plan is suitable for clients who are new to the stock market and would like to test the waters before going full-on into trading or investing.
It is the default plan set up by the broker and the Kotak Securities charges for the same are as follows:
The broker has recently launched a free intraday trading plan or FIT.
Initially, the trader had to pay ₹999 for a year to open and start using this plan but now it has been made free by the broker. The brokerage charges for intraday trading in this case goes down to as low as 1 paisa per trade.
In actual terms, it is 0.01% of your trade turnover value. This is not a flat rate brokerage plan but a low-cost brokerage plan, from a full-service brokerage perspective.
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 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:
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”.
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