Kotak Securities Brokerage Plan Review

If you are thinking about getting in on the stock market action, you probably already know how important it is to choose the right broker and the right brokerage plan. After all, it makes all the difference between profits and losses. 

However, choosing one can seem complicated. There are a ton of options out there and so many factors to consider. But with Kotak Securities’ brokerage plans, you don't have to worry about overwhelming choices. Why? Because they are flexible, easy to understand and can fit your individual needs.

In this review, we'll walk you through everything you need to know about Kotak Securities’ brokerage plans. We'll also break down each option and explain how to get started. So, let's find out how Kotak Securities makes trading easier.

Table of Contents

• Introduction to Kotak Securities
• Introduction to Kotak Securities Brokerage Plans    
• Types of Kotak Securities Plans 
• How to Open a Kotak Demat Account and Choose a Plan

Introduction to Kotak Securities

Kotak Securities is a part of the reputed Kotak Mahindra Group. Since its inception in 1994, the company has established itself as a reliable stock brokerage firm. It offers a wide range of investment options, including:

• Stocks
• Futures & Options
• Mutual Funds
• Commodities
• Currencies
• Initial Public Offers (IPOs)
• Exchange Traded Funds (ETFs)

Kotak Securities is a full-service broker with over 50 lakh accounts and a footprint across 310 cities. 

What sets it apart is that it offers plans with low brokerage, comprehensive research tools, and even personalised guidance for those who need extra support. Now, let's examine the specifics of the Kotak brokerage plans and see how they benefit investors.

Introduction to Kotak Securities Brokerage Plans  

With Kotak Securities brokerage plans, you have choices— lots of them. Since one size doesn't fit all, Kotak Securities plans are designed to offer flexibility and control.   

Whether you're looking for Kotak's zero brokerage plan or something more feature-packed, there's a plan for everyone. You can pick a plan based on your age, trading frequency, and how much support you need. 

From the Kotak Trade Free Youth Plan for young investors to the Kotak Securities Trade Free Plan for more experienced traders, these plans offer some of the most competitive features in the market today.

Let's look at the different types of plans available and what they offer. 

Types of Kotak Securities Plans   

Kotak Securities offers 4 flexible trading plans to cater to all types of investors:

• Trade Free Youth Plan
• Trade Free Plan 
• Trade Free Pro Plan
• Dealer Assisted Plan

These plans offer various features, ranging from low brokerage rates for beginners to advanced options for experienced traders looking for more personalised support. Let's get to know them a little better.

Trade Free Youth Plan

If you are under 30 and looking for an opportunity to kickstart your investment journey without worrying about high fees, then the Kotak Securities Trade Free Youth plan may just be the ideal plan for you. With this plan, you can open an account for free, and it could be considered as one of Kotak's no brokerage plans, as it offers ₹0 brokerage on stock delivery trades. However, it does charge minimal brokerage fees on all intraday and carry forward F&O trades.

Here's a breakdown of the charges:

• Account opening fees: ₹0
• Brokerage fees:
  • Equity delivery: ₹0
  • Intraday trades: ₹10 per order
  • F&O trades: ₹10 per order
• Account Maintenance Charges (AMC):
  • For BSDA (holding value under ₹4 lakh): ₹0
  • For Non-BSDA (holding value from ₹4 lakh to ₹10 lakh): ₹0

This plan gives you an affordable option to invest and trade efficiently. In fact, the Trade Free Youth Plan provides low brokerage of just ₹10 per order on intraday trades, making it a cost-effective choice for active traders.

Trade Free Plan 

The Trade Free Plan is the next step, ideal for individuals over 30 who are looking for a simple yet effective way to trade without paying hefty charges. It offers some flexibility and a bit more for those with more experience or those who are ready to increase their investment activity.

Here's a breakdown of the Kotak Trade Free plan charges:

• Account opening fees: ₹0
• Brokerage fees:
  • Equity delivery: 0.20%
  • Intraday trades: ₹10 per order
  • F&O trades: ₹10 per order
• AMC for BSDA:
  • Holding value under ₹4 lakh: ₹0
  • Holding value between ₹4 lakh to ₹10 lakh: ₹100 + GST per annum
  • Holding value over ₹10 lakh: ₹50 + GST per month (account will convert to Non-BSDA)
• AMC for Non-BSDA:
  • Holding value of under ₹1,000: ₹0
  • Holding value of over ₹1,000: ₹50 + GST per month

Low brokerage and the flexibility to trade across market segments. On top of that, you get access to expert research and stock picks from Kotak’s experienced analysts. If that sounds like something you’d want, then you should consider the Kotak Trade Free Plan. 

Trade Free Pro Plan

For those who are more experienced and looking for added features, the Trade Free Pro Plan gives you more perks, including access to higher leverage. It provides up to 4x leverage through the Margin Trading Facility (MTF) at 9.75% annual interest, along with a flat ₹10 brokerage per order for intraday and F&O trades.

Let’s break down the Kotak Trade Free Pro Plan Charges:

• Account opening fees: ₹0
• Subscription fees: ₹249 + GST per month
• Brokerage fees:
  • Equity delivery: 0.10%
  • Intraday trades: ₹10 per order
  • F&O trades: ₹10 per order
  • Liquid ETFs (delivery trades): 0.001% of transaction value
  • Other ETFs (delivery trades): 0.05% of transaction value
  • Government Securities: 0.01% of transaction value
• AMC for BSDA:
  • Holding value under ₹4 lakh: ₹0
  • Holding value between ₹4 lakh to ₹10 lakh: ₹100 + GST per annum
  • Holding value over ₹10 lakh: ₹50 + GST per month (account will convert to Non-BSDA)
• AMC for Non-BSDA:
  • Holding value under ₹1,000: ₹0
  • Holding value over ₹1,000: ₹50 + GST per month

The Trade Free Pro Plan may be a good option for those who trade frequently and want access to leverage with a fixed-cost brokerage structure.

Dealer Assisted Plan

For traders who prefer more personalised attention, the Dealer Assisted Plan offers dedicated support from Kotak Securities’ expert dealers. This plan is suitable for people who want a little extra help navigating the market.

Here’s the price summary of Kotak Securities’ Dealer Assisted plan:

• Account opening fees: ₹0
• One-time subscription fee: ₹499 + GST 
• Brokerage fees:
  • Equity delivery: 0.39% or ₹21, whichever is higher
  • Equity intraday: 0.39% or ₹21, whichever is higher
  • Equity, index & commodity futures: 0.39%
  • Equity index & commodity options: ₹39 per lot
  • Currency futures: ₹9 per lot
  • Currency options: ₹5 per lot
• AMC for BSDA:
  • Holding value under ₹4 lakh: ₹0
  • Holding value between ₹4 lakh to ₹10 lakh: ₹100 + GST per annum
  • Holding value over ₹10 lakh: ₹50 + GST per month (account will convert to Non-BSDA)
• AMC for Non-BSDA:
  • Holding value under ₹1,000: ₹0
  • Holding value over ₹1,000: ₹50 + GST per month

Kotak Securities provides competitive brokerage structures across different plans. The Dealer Assisted Plan is ideal for people who want expert advice along with their trades. 

How to Open a Kotak Demat Account and Choose a Plan

Opening a Kotak Demat account is quick and simple. Follow these easy steps to get started:

1. Visit the Kotak Securities website and start the process.
2. Provide your personal information, such as name, contact number, and address.
3. Select the plan that best suits your trading style and goals.
4. Upload your KYC documents, such as your PAN card, Aadhaar card, and bank details through DigiLocker.
5. Once your account is activated, you can begin trading.

You can also open a Kotak Demat account through the Kotak Neo app. Here’s how:

1. Download the Kotak Neo App, enter your registered mobile number and verify it. 
2. KYC verification with Kotak Neo is easy, as the app automatically fetches your documents from DigiLocker.
3. Fill in your personal and bank details, like your parents' name, marital status, occupation, annual income, etc. 
4. Take a selfie, upload your signature and select an investment plan.
5. E-sign the form and submit it to complete your application and activate your account.

When it comes to choosing a Kotak Securities plan, consider your trading needs and frequency:

• If you're under 30, the Trade Free Youth Plan is ideal, offering ₹0 delivery brokerage and ₹10 per order on intraday trades. 
• For those above 30, the Trade Free Plan offers competitive rates, with only ₹10 per order brokerage for intraday trades and 0.20% on stock delivery trades.
• If you are an active trader, you might prefer the Trade Free Pro Plan, which offers higher leverage through a Margin Trading Facility (MTF) and a low interest rate. 
• Alternatively, if you seek personalised guidance, the Dealer Assisted Plan could be a great fit, offering expert support for your trades.

Select the plan that aligns with your trading volume and style to make the most of Kotak Securities' offerings.

Conclusion 

To sum up, Kotak Securities makes trading easy and affordable with its wide range of brokerage plans. Whether you're just starting out with the Kotak Securities Trade Free Youth plan or you're a more experienced trader looking for the Trade Free Plan, Kotak has something for everyone. 

So, choose the right one based on your trading style and needs. With low fees, simple account opening, and expert support, Kotak Securities helps you focus on growing your investments. No matter where you're at in your investment journey, Kotak Securities has the tools to help you succeed.

Frequently Asked Questions About Kotak Securities Plans  

1. How does the Kotak Neo plan work?

Kotak Neo is Kotak Securities' advanced trading platform, not a brokerage plan. It provides a seamless trading experience with real-time updates, advanced charts, and powerful tools for both beginners and experienced traders.

2. Does Kotak Securities offer zero brokerage on intraday trading?

Kotak Securities offers a ₹10 per order brokerage on all intraday trades. While there's no Kotak zero brokerage intraday plan, its competitive pricing and low brokerage on intraday trading make it an affordable choice for frequent traders.

3. Can I use Kotak Securities to trade F&O?

Yes, Kotak Securities allows you to trade in Futures & Options (F&O) with a low brokerage fee. Depending on your plan, the brokerage for carry-forward F&O trades can be as low as ₹10 per order.