Kotak Securities Review
Kotak Securities Limited is a subsidiary of Kotak Mahindra Bank. It is a stock broking section of Kotak Mahindra Group in India. The broker offers services like share trading, mutual funds, derivatives trading, Currency Derivatives, IPO, Exchange Traded Funds, portfolio management, Borrowing and Stock Lending etc. It was started in 1994 and its head office is located in Mumbai, India.
It holds the membership of both Bombay Stock Exchange and National Stock Exchange. Kotak Securities Limited is a financial organization. Its major output comes from brokerage service for active traders in India. They are a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).
This brokerage house offers 3 in 1 account where investors can open demat, trading and a bank account all together with Kotak Mahindra Bank Limited. The funds gets credited automatically through such account. So it’s quite simple to manage it. When your account is opened, continue trading in financial instruments of your choice like Equity, Mutual Fund, ETF, IPO, Currency Derivatives, Gold ETF etc.
Kotak Mahindra Group has businesses which involve stock broking, mutual funds, life insurance, investment banking, commercial banking and its customer record involves individual investors, institutional investors and NRI investors. This stock broker has 1209 branches, franchisees which offer services to 11.95 Lakh customers all over India and its international offices exist in New York, Dubai, London, Abu Dhabi, Singapore and Mauritius.
Kotak Securities Account Opening Procedure
Charges associated with Kotak Securities Account:
|Equity||0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.01/0.1 if brokerage paid upfront|
|Equity Options||Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront|
|Equity Futures||0.05% – Reduces upto 0.01% if brokerage paid upfront|
|Currency Options||Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront|
|Currency Futures||0.05% – Reduces upto 0.01% if brokerage paid upfront|
|Commodity||0.05% – Reduces upto 0.01% if brokerage paid upfront|
|Equity||Upto 15 Times for Intraday, For Delivery upto 3 times but at Interest of Rs 75/Lakh/day or @24%/annum|
|Equity Options||Buying No Margin, Shorting upto 2 times for Intraday|
|Equity Futures||Upto 5 times Intraday|
|Currency Options||Buying No Margin, Shorting upto 2 times for Intraday|
|Currency Futures||Upto 2 times Intraday|
|Commodity||Upto 2 times Intraday|
Trading Platforms of Kotak Securities
It offers flexible trading platform available in desktop, web and latest mobile versions.
|Toll Free number|
Advantages of Kotak Securities
Disadvantages of Kotak Securities