Kotak Securities, 5 th largest Broker In India with most extensive retail distribution system of 1128 offices in 352 cities of India.
Kotak Securities 3 in 1 accounts that integrates Savings Account, Demat Account and Trading Account into one service.
Most competitive NRI broker program.
Kotak Securities Brokerage home with the biggest IPO distribution in India.
Kotak Securities the most favorite stock broker is one of the top five Chat Agents in India having customer base of over 10 lac, 1128 branches and sub Brokers in 350 cities . The agent also offers international presence with offices in London, New York, Dubai, Abu Dhabi, Mauritius and Singapore.
Kotak securities as a complete service agent provides wide array of investment products and services such as share trading, derivatives trading, mutual funds, IPO, Exchange Traded Funds, Currency Derivatives, Tax Free bonds, portfolio management, Stock Lending and Borrowing, Interest Rate Futures and Depository Services. The Broker still does not have commodity trading facility.
Kotak Securities is a company member of NSE and BSE and depository participant (DP) with NSDL and CDSL for Demat Account. They’ve a research division to examine the macroeconomic indicators, sectors, company-specific equity study, which frequently publishes stock exchange analysis. The Broker also provide in-depth daily alarms, economic reports and customizable Research Reports to its clients.
They offer a single platform for investments in equities, mutual funds and money derivatives. Kotak provides margin against securitiesusing stocks in your demat account.Available margin may be used for any of those 3 sections. Super Multiple, a service offered by Kotak permits you up to 18 Times vulnerability on NV20 Script and 14 times vulnerability against your margin, on additional specified scrips.
Brokerage and Charges:
Kotak Securities Account opening fee : Rs 750
Kotak Securities Annual maintenance fees : Nil
Kotak Securities Demat Account opening fee : Nil
Kotak Securities Demat accounts maintenance fees : Rs 50 a month for resident Indians, Rs 75 per month for NRIs.
There is three Brokerage strategies to choose from:
1. Fixed Brokerage Plan:This strategy suits newbies since the broker is fixed irrespective of the quantity of commerce. In the 21st telephone, Rs 20 per telephone is billed. Not suited to Option Trading as broker is actually high because of it.
Kotak Securities Kinds of Account:
Trinity Account: Kotak Securities Trinity Account is a 3 in 1 accounts that gives you the benefits of seamless investment from integrating savings accounts, demat Account and trading accounts into one excellent service. Included in trinity accounts, a savings bank account is started with Kotak Mahindra Bank to your own preferred nearest location.
Money can be transferred between accounts directly through the Kotak Securities website, and also some other unutilized money in your trading accounts comes back to your own savings accounts. There is not any upper limit for transfer of funds in the savings account to your online trading accounts in a single day.
Two in 1 Account : This is a standard Trading and Demat Account with Kotak Securities and any saving Bank Account may be linked to it.
Kotak Pearl Account: This account is specially designed for girls to invest in Indian share market. It let girls investors to delight in the normal offerings of Kotak Securities such as online trading platform KEAT ProX, mobile trading application Kotak Stock Trader, specialist research recommendations.
It comes with features like 50% money back on broker on Money marketplace transactions for a period of 90 days.
Kotak Securities Internet, Mobile program and Desktop base trading platform – 2017
KotakSecurities offers internet based, terminal based and mobile program based trading platform on Trinity Account.
Kotaksecurities.com:This is actually the online Broking Site by Kotak Securities established in year 2000.
At this time you may use your own existing internet connections to exchange in the equity and derivative markets.
KEAT Guru X:This is a totally free, simple and high-speed online trading software which gives you control over your stock portfolio and gives you the ability to monitor the markets live in addition to purchase and sell securities online in real time. KEAT Professional X deals with online trading on BSE, NSE and NSE money markets on single stage.
Key Characteristics are:Charting Tools, multiple watch-list, live streaming quotes, stock recommendations, up-to-date marketplace information etc..
The Kotak Stock Trader: This type of Mobile Stock Trading program which enables you to trade in equity, derivatives, currency derivatives, monitor your portfolio, get live streaming market updates and stock quotes, and even more while you’re on the move.
Fastlane:This is light and quick Java based trading application. With Fastlane, you are able to monitor how the markets live, make transactions, make watch-lists and much more without installing full scale trading software in your PC.
Final idea about Kotak Securities
Kotak Securities gained a respectful position in share broker services via its speedy trading platforms (KEAT Pro X, Xtralite, Fastlane), enormous community of 1255 branches, franchisees and offices throughout India and overseas and dedicated search division. These services are endless but comes in a cost.There are tons of hidden fees and fees associated with the services. Customers normally have complaints regarding additional fees and charges.
Customer Care is just another place where agent can improve and emerge as a much better broker.In terms of Brokerage, the Broker is quite receptive but broker is not too affordable. There is fixed and variable Brokerage plans available in accordance with the sort of dealer you’re.