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Kotak Securitie's Brokerage, Other Charges, Leverage & Margin

Kotak Securities' Online Trading – Kotak Securities have offers 3 plans to choose from , Fixed Brokerage Plan where the brokerage is fixed irrespective of Volume , Dynamic Brokerage Plan where is brokerage plan is linked to volume , The more is your volume the lower will be the brokerage, the brokerage would be as low as 0.30%. Prepaid brokerage plan where you requires to pay a Advance fee at the beginning of a specific time period, The brokerage can be as low as .12% for equity and .015% for intraday and future if your trading volume is high.

  • 1. Kotak Securitie's Dynamic Brokerage Plan:

    This is the brokerage plan depending upon the volume of trade per month in particular segment. The more is your volume the lower will be the brokerage. Clients can get a good bargain on their brokerage rates. The Brokerage can go as low as .30% for equity trading.

    Cash Delivery – Brokerage Details
    Slabs Brokerage Applicable (Both Side)
    < 1 Lakh 0.59%
    1 - 5 lakh 0.55%
    5 - 10 lakh 0.50%
    10 - 25 lakh 0.45%
    25 - 50 lakh 0.35%
    >50 lakh 0.30%
    Cash Intraday – Brokerage Details
    Slabs Brokerage Application(Both Side)
    < 25lakh 0.06%
    > 25lakh 0.05%
    Futures - Brokerage Details
    Slabs Brokerage Application(Both Side) Brokerage Application(Both Side)
    < 2 crore 0.07% 0.09%
    > 2 crore 0.05% 0.073%
    Options - Brokerage applicable both sides
    Monthly Premium Volume Intraday Brokerage Settlement brokerages Minimum Brokerage Per Lot (Intraday)
    Upto 4 lakh 2.5% 2.5% Rs 300
    4-11 lakh 2.25% 2.5% Rs 240
    >11 lakh 1.8% 2.3% Rs 180
    Currency Derivative – Brokerage Details
    Monthly Volume Slab ( In Crs) (Volume - Wise Slab & Brokerage for Future & Options) applicable both sides
      Currency Futures Currency Options
    0-3  0.04% or Rs 20 per lot, whichever is higher Rs 20 Per lot
    3-8  0.036% or Rs 18 per lot, whichever is higher Rs 18 Per lot
    8-15  0.030% or Rs 15 per lot, whichever is higher Rs 15 Per lot
    15-30  0.02% or Rs 10 per, whichever is higher Rs 10 Per lot
    >30  0.015% or Rs 7.5 per lot, whichever is higher Rs 7.5 Per lot
    Important Note:
    • Minimum brokerage for: Cash Delivery: 0.04 P (per share), Intraday: Rs. 0.04 P (per share), OR Rs. 21/- per executed order, whichever is higher, Equity Futures: 0.04 P (per share) subject to ceiling of 2.5% of contract value.
    • Brokerage is charged based on your account type prevailing at the start of the month. Based on the monthly slab your effective slab is calculated and the brokerage difference is credited.
  • 2.Advance Brokerage Plan:

    This is a prepaid brokerage plan where you requires to pay an advance fee at the beginning of a specific time period. This Advance Fee is refundable to the extent of the brokerage generated by the client during the Validity Period of the Plan. The plan duration is 12 months. The brokerage can be as low as .12% for equity and .015% for intraday and future if your trading volume is high. There is no Account opening fee with this plan.

    Particulars PLAN A PLAN B PLAN C PLAN D
    Total Cheque Amount Rs 5000+ST Rs 10,000+ST Rs 50,000+ST Rs 2,00,000+ST
    Validity 12 Months 12 Months 12 Months 12 Months
    Delivery 0.39% 0.29% 0.19% 0.12%
    Cash Intra-Day 0.040% 0.035% 0.030% 0.015%
    Futures 0.040% 0.035% 0.030% 0.015%
    Options Rs 225/- per lot Rs 225/- per lot Rs 150/- per lot Rs 150/- per lot
    Currency Futures (Each Leg) 0.024% or Rs. 12 per lot whichever is higher 0.020% or Rs. 10 per lot whichever is higher 0.016% or Rs. 8 per lot whichever is higher 0.016% or Rs. 8 per lot whichever is higher
    Currency Options (Each Leg) Rs 12 Rs 10 Rs 8 Rs 8
    Terms & Conditions
    • Minimum brokerage for: Cash Delivery: 0.04 P (per share), Intraday: 0.03 P (per share), OR 21/- per executed order, whichever is higher, Equity Futures: 0.03 P (per share) subject to ceiling of 2.5% of contract value.
    • DP charges additional.
    • Reversal would be done on monthly brokerage generated.
    • Brokerage rates applicable both sides.
    • GST and STT will be charged as per the current applicable rate. GST is applicable on Advance fee & brokerage.
  • 3.Fixed Brokerage Plan:

    This plan suits newbies as the brokerage is fixed irrespective of the volume of trade. Call & Trade facility is free for first 20 calls. From the 21st call, Rs 20 per call is charged. Not suited for Option Trading as brokerage is really high for it.

    Type >Charges
    Delivery 0.49%
    Square off (Both Sides) 0.049%
    Futures (Both Sides) 0.049%
    Options Rs 300 Per Lot
    Options Rs 300 Per Lot
  •  4.Kotak Securities Free Unlimited Intraday Trading Plan (Rs 999 Plan):

    To keep the traders continue using its trading platform, Kotak Securities recently introduced a new brokerage plan. In this plan, Kotak offers unlimited equity intra-day trading for one flat Rs 999 per year fees.

     Here are the key facts:

    • The plan name is FIT (Free Intraday Trading). It is also known as Rs 999 Unlimited Trading Plan.
    • The plan offers unlimited intraday equity trading in segments like Equity Cash and F&O for a yearly fee of Rs 999.
    • 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
    • Segments which are not included in this plan are Equity Delivery, Currency, and Commodity trading. Customers have to pay regular brokerage for trading in these segments.
    • This price plan only available for online trading. Call & Trade or orders placed through dealers are not included in this plan. Regular brokerage is applicable to those orders.
    • Customers will have to provide margins as per the agreement with Kotak Securities. Unlike most brokers, Kotak doesn't provide high margins.
    • This plan is available for a trader who uses Kotak Mobile Trading App, TradeSmart trading terminal, and Kotak sec website for trading. Customers using ODIN Diet cannot use this plan.
    • If the intraday position is rolled-over in the next day, the trade gets converted into a delivery trade. In this case, Kotak Sec will charge regular brokerage. The customer may end up paying a very high brokerage in this scenario.

    Kotak Securitie's Equity Trading Charges

    Charges Equity Delivery Equity Intraday
    Brokerage 0.49% or min 4Paise per share or Rs.21/- per executed order whichever is Higher (Both Buy & Sell) 0.049% or min - or 3Paise per share or Rs.21/- per executed order whichever is higher(Both Buy & Sell)
    STT 0.1% ON BOTH Buy & Sell 0.025% On the Sell side
    Transaction / Turnover charges 0.02% 0.02%
    SEBI Charges 15 Rs/Crore 15 Rs/Crore
    GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
    Stamp Duty 0.01% Depends on state to State 0.002% - Depends on state to State

Kotak Securitie's F&O Trading Charges

Charges Equity Future Equity Options
Brokerage 0.049% or min 3Paise per share or Rs.21/- per executed order whichever is Higher (Both Buy & Sell) Rs.300 per lot (Both Buy & Sell)
STT 0.01% On the Sell side 0.05% On the Sell side (ON PREMIUM)
Transaction / Turnover charges NSC : 0.00415% NSC : 0.05315%
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.002% - Depends on state to State 0.002% - Depends on state to State

Kotak Securitie's Currency Trading Charges

Charges Currency Future Currency Options
Brokerage 0.04% or Rs 20 per lot, whichever is higher. Rs 20 Per lot
STT NA NA
Transaction / Turnover charges NSE: 0.0033% NSE: 0.04415% on premium
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.002% - Depends on state to State 0.002% - Depends on state to State

Margin / Leverage/Exposure offered by Kotak Securitie's:

Trade Type Margin/Leverage
Equity Intraday Upto 15 Times
Equity Delivery Upto 3 times but at Interest of Rs 75/Lakh/day or @24%/annum
Equity Options Upto 5 times Intraday
Equity Features Buying No Margin, Shorting upto 2 times for Intraday
Currency Futures Upto 2 times Intraday
Currency Options Buying No Margin, Shorting upto 2 times for Intraday
Commodities Upto 2 times Intraday

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 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 Rs.25 per executed order:
  • Stamp charges: Charged as per the state of the client–s correspondence address.
  • GST:Tax levied by the government on the services rendered. 18% of ( brokerage + transaction charges)