Kotak Securities Brokerage Charges, Fees, Plan and Taxes 2023 (2024)

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Kotak Securities Account Open Charges | Kotak Securities AMC 2023

Kotak Securities Trade Free Plan

Kotak Securities Dealer Assisted Plan

Kotak Securities Demat Charges

Kotak Securities trading and demat account opening charges are Rs 0 (Free). Kotak Securities charges Rs 600 per year demat account AMC. Kotak Securities demat debit transaction charge of Rs 0.04% + NSDL charges (minimum Rs 20) per debit transaction.

Kotak Securities Transaction Charges 2023

Kotak Securities Tax on Trading

Kotak Securities Special Offer

1. 1. What is the brokerage of Kotak Securities?

   Kotak Securities offers free intraday trading and flat Rs 20 per trade for Futures and Options trading across segments.

   Kotak Securities Brokerage

   Segment	Trade Free Plan & Trade Free Max Brokerage	Dealer Assisted Plan Brokerage
   Equity Delivery	0.25% or Rs 20 whichever is higher	0.39%
   Equity Intraday	Free	0.039%
   Equity Futures	C/F: Rs 20 per order; Intraday: Free	0.039%
   Equity Options	C/F: Rs 20 per order; Intraday: Free	Rs 39 per lot
   Currency Futures	C/F: Rs 20 per order; Intraday: Free	Rs 9 per lot
   Currency Options	C/F: Rs 20 per order; Intraday: Free	Rs 5 per lot
   Commodity Futures	C/F: Rs 20 per order; Intraday: Free	0.039%
   Commodity Options	C/F: Rs 20 per order; Intraday: Free	Rs 39 per lot

   C/F refers to Carry Forward positions.

   Note:

   Trade Free Plan and Trade Free Max share similar brokerage charges. Trade Free Max is an extended version of Trade Free Max that comes at an annual subscription charge of Rs 2,499 with the benefit of Margin Trading Facility at lower interest rates (7.75%) and brokerage cashback up to Rs 3499.

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2. 2. Is Kotak Securities a discount broker?

   Kotak Securities is a full-service broker providing trading and investment service to retail and institutional investors.

   Kotak Securities is a SEBI registered broker, Portfolio Manager, and Research Analyst. The company is a member of BSE, NSE, MCX, and NCDEX, offering investment opportunities across Equity, Derivatives, Currency, Commodity, Mutual Funds, IPO, NCD, Sovereign Gold Bonds, etc.

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3. 3. How to check brokerage charges in Kotak Securities?

   Kotak Securities offers three brokerage plans to its customers.

   See Also

   What Happens When You Do Not Pay AMC For A Demat AccountKotak Demat Account Charges | Opening, AMC, Fees

   1. Trade Free Plan.
   2. Trade Free Max
   3. Dealer Assisted Plan.

   Trade Free Plan is the default plan assigned to each investor during account opening. You can choose to change the brokerage plan anytime as per your requirement.

   Trade Free Plan offers free intraday trading across all the segments and charges Rs 20 per executed order for F&O, Currency, and Commodity Carry forward trades. The Equity Delivery charges under this plan are 0.25% of trade value or Rs 20, whichever is higher.

   Trade Free Max plan offers a Margin Trading facility with an interest rate of 7.75% coupled with brokerage cashback up to Rs 3,499 for the next 90 days. Trade Free Max plan has similar brokerage charges as Trade Free Plan but comes at an annual subscription fee of Rs 2,499.

   Dealer Assisted Plan assigns a dedicated dealer that assists you throughout your trading journey. This plan charges slightly higher brokerage charges compared to other brokerage plans with 0.039% for Equity Intraday, Futures, and Commodity Futures and 0.39% for Equity Delivery. For options, it charges Rs 39 per lot for Equity and Commodity Options and Rs 5 per lot for Currency Options.

   Kotak securities offer a Brokerage Calculator for Trade Free Plan that helps you calculate your total cost of trading considering other regulatory charges like STT, SEBI Turnover charges, Exchange Transaction Charges.

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4. 4. How does Kotak Securities charges brokerage?

   Kotak Securities offers three brokerage plans to its customers that have a combination of flat-fee-based pricing, percentage-based calculation, and per lot basis calculation.

   Kotak Securities offers free Intraday trading across all segments under the Trade free plan and Trade Free Max with a flat fee of Rs 20 per executed order for overnight positions in F&O, Currency, and Commodity. The Equity Delivery charges are 0.25% of transaction value or Rs 20, whichever is higher.

   The Dealer Assisted Plan charges percentage basis brokerage for Equity Delivery (0.39%), Equity Intraday, Equity Futures and Commodity Futures (0.039%) and per lot basis brokerage for Equity Options (Rs 39 per lot), Currency Futures (Rs 9 per lot) and Options (Rs 5 per lot) and Commodity Options (Rs 39 per lot).

   Kotak Securities brokerage charges differ based on the chosen plan.

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5. 5. How is Kotak Securities brokerage calculated?

   Kotak Securities calculates brokerage using below methods:

   1. Flat brokerage.
   2. Percentage basis.
   3. Per lot basis.

   Kotak Securities brokerage calculation depends on the chosen plan.

   Kotak Securities Brokerage Calculation

   Brokerage Plan	Brokerage Charges	Calculation Method
   Trade Free Plan/Trade Free Max	· Flat fee of Rs 20 per executed order for Overnight Positions in F&O, Currency, and Commodity. · Higher of Rs 20 and 0.25% of trade value for Equity Delivery	Combination of flat fee and percentage basis
   Dealer Assisted Plan	· 0.039% for Equity Intraday, Equity Futures and Commodity Futures. · 0.39% for Equity Delivery. · Per lot basis for Options and Currency Futures.	Combination of per lot basis and percentage basis.

   Note:

   • Intraday trading is free under Trade Free Plan and Trade Free Max.
   • Minimum brokerage of Rs 20 is charged for Equity Delivery in Trade Free Plans and Rs 21 in Dealer Assisted Plan.

   Refer Kotak Securities Brokerage for more details.

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6. 6. What is Kotak Securities Trade Free Plan?

   Kotak Securities Trade Free Plan is the simplified plan of Kotak Securities that offers free intraday trading across segments and a flat fee of Rs 20 for F&O trades across Equity, Currency, and Commodity.

   Features of Kotak Securities Trade Free Plan:

   • Free Account Opening.
   • Free and unlimited Intraday Trading across Equity, F&O, Currency, and Commodity.
   • Access to in-depth research and top stock picks from an experienced team of analysts.
   • A minimum brokerage of 1 paisa per contract charged for Intraday trading to adhere to statutory requirements.
   • Available for resident Indians and online trading customers.
   • Equity Delivery brokerage gets charged at 0.25% of the trade value of Rs 20 whichever is higher.
   • A perpetual plan with no expiry date. This plan remains valid till the investor chooses to change it or the broker discontinues it.
   • Margin Trading facility available at higher interest rates of 11.49%.

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7. 7. How much brokerage in Kotak Securities?

   Kotak Securities has zero brokerage for Intraday trading and flat Rs 20 for F&O, Currency, and Commodity to take overnight positions. The Equity Delivery brokerage charge is flat Rs 20 or 0.25% of trade value, whichever is higher.

   If you want assistance in planning your investment decisions, you can opt for Dedicated Dealer Plan that assigns a dedicated and experienced dealer to achieve your financial goals. The Dedicated Dealer plan is slightly costly that charges 0.039% of trade value as the brokerage for Equity Intraday, Equity Futures, and Commodity Futures, 0.39% for Equity Delivery and per lot basis for Options trading and Currency Futures.

   Refer to Kotak Securities Brokerage for more details.

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