Choose Kotak Securities if: you are a Kotak Bank customer (Trinity 3-in-1), you are under 30 (Youth Plan ₹0 brokerage for 2 years), you want full-service research + RM, or you need NRI Trinity account with global partner presence. Choose Zerodha if: cost minimisation is the priority (₹0 delivery vs 0.25%, ₹300 AMC vs ₹600), you want the most established discount broker platform with GTT orders, or Coin for direct MF investment. On delivery cost and AMC: Zerodha wins. On research, 3-in-1 banking integration, and youth plan: Kotak wins.
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