Kotak Trade Free Brokerage Plan:
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.
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 are 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 Securities Account Opening & AMC Charges
Kotak Securities charges Rs 99 for the opening of a trading account with them and is the one-time fee charged while initiating your account opening process. Rs 600 are annual maintenance charges for a demat account and would get deducted from your account even if you have not traded for a year by Kotak Securities to maintain your account.
Kotak Securities Brokerage Charges
Please find below Kotak Securities Brokerage charges in their basic Plan. Kotak Securities provides delivery trade at 0.39%, Intraday Trade at 0.039%, Equity Future Trade at 0.039%, and Equity Option Trade at Rs 39 per lot.
Kotak Securities Exchange Transaction Charges
The Brokers in India charges Transaction / Turnover charges along with Brokerage on every order executed through the stock exchange. These charges differ by the stock exchange in which you trade and type of trades like delivery, intraday or F&O, etc. Kotak Securities Transaction charges are as per the below table:
Kotak Securities Other Charges
A lot of other Charges are getting levied other than brokerage by Kotak Securities like minimum brokerage, call & Trade charges, Stamp duty, DP Charges, etc. A list of the same is in the below table.
Kotak Securities Demat Account Charges
The charges on Demat account transactions are charged separately and over and above trading Brokerage. Find Kotak Securities demat account charges 2020.
Charges Explained
- Securities / Commodities Transaction Tax: Tax by the government when transacting on the exchanges. Charged as above on both buy and sell sides when trading equity delivery. Charged only on the selling side when trading intraday or on F&O. When trading at TRADE SMART Online STT/CTT can be a lot more than the brokerage we charge.
- Transaction/Turnover Charges: Exchange transaction charges + Clearing charges. Charged by exchanges (NSE, BSE, MCX) and clearing member.
- Call & trade: Additional charges of ₹25 per executed order:
- Stamp charges: Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%.
- GST: Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)
Kotak Securities Trade Free Plan
Open a 3-in-1 account and get:
- Brokerage-Free Intraday trades (Equity and F&O).
- Flat Rs. 20 per trade brokerage in F&O
Interested in opening a trading account? Open Instant Account Now
Frequently Asked Questions:
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1. What is Kotak 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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