Kotak Trade Free Plan 2021
Kotak Securities Ltd, part of Kotak Mahindra Bank was founded in 1994. They offer stockbroking services and distribute financial products in India. Kotak Securities, the popular stockbroker is amongst the top five Share Brokers in India having a customer base of more than 13 lacs, 1281 branches and sub Brokers in 377 cities, and execute over 5lacs trade per day. They are the corporate members of the Bombay Stock Exchange and the National Stock Exchange. They are also a depository participant with NSDL and CDSL.
Kotak securities have recently launched a new plan called Trade Free plan where you can do unlimited intraday trading without worrying about brokerage. In this plan, Kotak offers unlimited equity intra-day across all segments - Equity (Cash), Equity Derivatives (F&O), Currency and Commodity at zero brokerage charges, Brokerage for delivery trades in Equity (Cash) and Commodity segment will be charged at 0.25% of the transaction value and all other F&O, MIS & Super Multiple (Cover Order) at Flat fee of ₹20 per executed order. The clients also get access to in-depth research and stock picks from an experienced team of analysts.
Kotak Securities Account Opening 2020
| Particulars | Charges |
|---|---|
| Trading Account Opening Charges (One Time) | Rs.499 ( Currently it is Free ) |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | Free |
| Demat Account Opening Charges (One Time) | Free |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs 50 per month for resident Indians, Rs 75 per month for NRIs. |
Key Features of Kotak Trade Free brokerage Plan
- Free Intraday Trades: You can enjoy zero brokerage for intraday trades across all segments - Equity (Cash), Equity Derivatives (F&O), Currency, and Commodity.
- Equity and Commodity Delivery Trades: Brokerage for delivery trades in Equity (Cash) and Commodity segment will be charged at 0.25% of the transaction value. This brokerage is subject to a minimum brokerage of ₹20 per executed order.
- The brokerage of Rupee 0.01 shall be charged for Self-generated intraday orders in:
- Cash segment at a scrip level
- Futures & Options Segment at the underlying-Expiry contract level.
- In addition, all statutory & other charges shall be charged as applicable.
- Cash segment at a scrip level
- High Exposure Trades - Super Multiple & Margin Intraday Square off (MIS): Intraday trades that offer higher exposure on select stocks and contracts will be charged a flat brokerage of ₹20 per executed order.
- Top Stock Picks: With the Trade Free brokerage plan, you also get access to in-depth research and stock picks from an experienced team of analysts.
- Currently, there is an offer going on for accounting opening and you can open the account at no Cost (Zero account opening charges). This Offer is only valid for a limited period
- Dealer-assisted trade: Additional brokerage of ₹50 per executed order will be charged for orders placed through dealers/ customer service executives and trades squared off by Kotak Securities.
Kotak Trade Free Plan Brokerage Charges:
This plan is the cheapest plan offered by Kotak Securities suitable for traders & investors who can trade online.
| EQ Delivery | 0.25% of the transaction value |
| EQ Intraday | Free |
| EQ Futures | Flat ₹20 per Executed order |
| EQ Options | ₹20/ Lot |
| CUR Futures | Flat ₹20 per Executed order |
| CUR Options | ₹20/ Lot |
| Commodity Trading (Delivery) | 0.25% of the transaction value |
| Commodity Trading (F&O) | Flat ₹20 per Executed order |
Kotak Trade Free Brokerage Plan -Other charges:
| DP transaction charge Debit | 0.04% of the value of securities (subject to a minimum of ₹20) |
| Charges for Client Master Report changes (Applicable for Email/ Address/ Mobile/ Bank) | ₹50 per modification request |
| Dematerialization | ₹150 per certificate + ₹50 per request (courier charges) |
| Pledge Charges (For margin purpose) | Request/Invocation/Release (Un-pledge)- ₹20 per ISIN |
| Pledge Charges (For the non-margin purpose) | Request-0.05% of the value of securities (subject to a minimum of ₹30) |
| Pledge Charges (For the non-margin purpose) | Invocation-0.04% of the value of securities (subject to a minimum of ₹30) |
| Cheque Bounce Charges | ₹350 + Bank Charges |
| Payment Gateway Charges | Kotak 3-in-1 Account (Trinity a/c)- Free |
| Payment Gateway Charges | via Bank Payment Gateway- ₹9 |
| Statement Request | Hard Copy: ₹200 per statement per year + ₹50 courier charges |
Frequently Asked Questions:
-
1. What is Kotak securities trade free plan?
Kotak securities have recently launched a new plan called Kotak Trade Free plan where you can do unlimited Intraday trading without worrying about brokerage. In this plan, Kotak offers unlimited equity intra-day across all segments - Equity (Cash), Equity Derivatives (F&O), Currency and Commodity at zero brokerage charges, Brokerage for delivery trades in Equity (Cash) and Commodity segment will be charged at 0.25% of the transaction value and all other F&O, MIS & Super Multiple (Cover Order) at Flat fee of ₹20 per executed order. The clients also get access to in-depth research and stock picks from an experienced team of analysts.
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2. What are the key features of Kotak securities trade free plan?
Key features of the Kotak Trade Free brokerage Plan are mentioned below
- Free Intraday Trades: You can enjoy zero brokerage for intraday trades across all segments
- Equity and Commodity Delivery Trades: Brokerage for delivery trades in the Equity (Cash) and Commodity segment will be charged at 0.25% of the transaction value.
- High Exposure Trades - Super Multiple & Margin Intraday Square off (MIS): Intraday trades that offer higher exposure on select stocks and contracts will be charged a flat brokerage of ₹20 per executed order.
- Top Stock Picks: With the Trade Free brokerage plan, you also get access to in-depth research and stock picks from an experienced team of analysts.
- Offer on Account opening: There is an offer going on and there would not be any Account opening charges. this Offer is only valid for a limited period
- Dealer-assisted trade: Additional brokerage of ₹50 per executed order will be charged for orders placed through dealers/ customer service executives and trades squared off by Kotak Securities.
- Margin Trading Facility.
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3. What are the Kotak securities trade free plan charges?
This Kotak Trade free plan is the cheapest plan offered by Kotak Securities suitable for traders & investors who can trade online and deals in Intraday & F&O Trade.
EQ Delivery 0.25% of the transaction value EQ Intraday Free EQ Futures Flat ₹20 per Executed order EQ Options ₹20/ Lot CUR Futures Flat ₹20 per Executed order CUR Options ₹20/ Lot Commodity Trading (Delivery) 0.25% of the transaction value Commodity Trading (F&O) Flat ₹20 per Executed order -
4. How can I have brokerage free Intraday Day Trade ?
You Can Subscribe to Kotak Securities Trade Free Plan, where you are going to get unlimited equity intra-day trade across all segments - Equity (Cash), Equity Derivatives (F&O), Currency and Commodity at zero brokerage charges
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