If you are thinking about opening a Demat and trading account with Kotak Securities, then you need to be aware of the Kotak Securities Brokerage Charges and other Kotak Securities Charges to take your decision wisely.
Brokerage charges and other charges are one of the primary criteria for choosing a stockbroker for your broking needs and thus, we are here with this article, where you can find all the details related to all the charges levied by the firm on different services and products.
So, in this article, you will learn about the different brokerage schemes or plans the firm offers to its customers and the transaction charges that are levied by the stock exchanges for each transaction.
This article will also cover the charges related to the opening and closing of the accounts and we will also have few frequently asked questions answered in this article.
|Equity Delivery Trading||0.49%|
|Equity Intraday Trading||0.049%|
|Margin Money||75% Margin|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs 20 per instruction|
What are the Kotak Securities Brokerage Charges?
|What are the Equity Delivery Charges?||0.49%|
|What are the Equity Intraday Charges?||0.049%|
|What is the brokerage on Equity Futures?||0.049%|
|How much brokerage charged for Equity Options?||Rs.100 per Lot|
|What is the brokerage on Currency Futures?||0.049%|
|What is the brokerage on Currency Options?||Rs.70 per Lot|
|How much brokerage charged for Commodity Trading?||NA|
|Brokerage Calculator||Kotak Securities Brokerage Calculator|
The primary charges of any stock broking company are the brokerage charges and Kotak Securities Brokerage Charges are the same. It has almost a uniform kind of brokerage charges for the different asset classes with the difference between a few as you can notice in the table.
So, as you can see, the brokerage rate for the equity delivery trades is 0.49% of the transaction which is at par with the rate prevailing in the market. Similarly, the charges for the equity intraday or cash segment, then for the equity and currency futures are 0.049%.
These rates are quite on the higher end of the spectrum, as most of the brokers charge less for these segments. The brokerage rate for the equity options is again on the higher side as it is Rs.100 per lot and the same goes for the currency options as well where the rate is Rs.70 per lot.
You can calculate the amount of brokerage using the Kotak Securities Brokerage Calculator anytime through this site. It is better to calculate the brokerage before you place the order. It helps you gauge the expense for your trade and also helps you analyze your target price.
Open Demat Account with Kotak Securities Now! – Fill up the Form
What are the Kotak Securities Account Opening Charges?
|Account Opening Charges|
|Is there any Trading Account Charges [One Time]?||Rs 750|
|How much is the Trading Account AMC [Yearly]?||Rs 0|
|Is there any Demat Charges [One Time]?||Rs 0|
|How much is the Demat AMC [Yearly]?||Rs 600|
|Any minimum Margin Money required?||75% Margin|
You can open the Demat account and the trading account with Kotak Securities for free. There are no Kotak Securities Account Opening Charges attached to these account. The Kotak Securities Demat Charges for the maintenance part is Rs.600 on a yearly basis.
It is a little higher than what you see in the market for the other stock brokerage house generally. There are also Kotak Securities Trading Charges for the maintenance of the account. It is at Rs.0 per year which you need to pay and you can also get a waiver. In order to open Trading Account, the charge is Rs 750.
The waiver is in case the company provides certain offers, which it does from time to time, to waive off the maintenance fee on the trading account. Apart from the maintenance and the account opening fees, you need to pay or keep 75% Margin always intact in your trading account.
This is the basic margin money requirement for Kotak Securities and you need to keep this to trade in the platform. If you compare, this is a little high as per the other brokerage houses.
Find out Brokerage & Other Charges of Stock Brokers
What are the Kotak Securities Transaction Charges?
|Transaction Charges for each segment|
|What are the Transaction Charges for Equity Delivery?||NSE: 0.0031% and for BSE: 0.0028%|
|What are the Transaction Charges for Equity Intraday?||NSE: 0.0031% and for BSE: 0.0028%|
|How much is the Transaction Charges for Equity Futures?||0.00180%|
|How much is the Transaction Charges for Equity Options?||0.05% on Premium|
|What are the Transaction Charges for Currency Futures?||0.00120%|
|What are the Transaction Charges for Currency Options?||0.05% on Premium|
|Any Transaction Charges for Commodity Trading?||NA|
The Kotak Securities Transaction Charges are comparatively lower than other firms. The Kotak Securities Charges for transaction taking place on the NSE and BSE platform is another form of charge that adds up to your cost of trading.
So, the transaction charges as mentioned you can see is similar for the equity delivery and cash segment on NSE which is 0.0031%, and also on the BSE platform, it is the same and 0.0028%. For the other segments, the transaction charges are same for both the exchanges, and are also displayed in the table.
Transaction charges for equity options are 0.05% on the premium means the premium you pay for buying the options. Similarly it goes for the currency options as well. The firm does not deal with commodities.
What are the other remaining Kotak Securities Charges?
|How much is the Transaction Charges levied?||0.0002% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)|
|How are the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Any Margin Funding Charges?||18% + GST|
|How much is the Reactivation Charge?||Rs 20 per instruction|
|Any charges Account Closure?||Rs 25 per instruction|
|What are the Dematerialisation Charges?||Rs 50/- per request and Rs 3/- per certificate|
The other Kotak Securities Charges / Govt Charges includes STT charges which are the Securities Transaction Tax. Then, there is GST at a rate of 18% on the brokerage and transaction charges levied on the trades. The STT is levied on the total turnover at a rate of 0.0126%.
Apart from these charges, there are also margin funding charges which are like an interest you have to pay for using the margin funding facility and trading using the margin fund. It is 18% and GST on and above that. For reactivation purposes, you need to pay Rs.20 per segment or asset class.
You can close the Kotak Securities account only for Rs.25 and if you want to use their dematerialization facility, you need to bear a charge of Rs 50/- per request and Rs 3/- per certificate only. All these charges are decided by the government or the regulatory body mostly, they remain the same for most of the stock brokers.
Check out Charges of other Stock Brokers
General FAQs on Kotak Securities Charges
Lets have a look at the FAQs on Kotak Securities Charges:
Does Kotak Securities provide fixed brokerage options?
No, there is no fixed brokerage option provided by Kotak Securities.
Does Kotak Securities have different brokerage charges for penny stocks?
No, there are no different brokerage charges for the penny stocks in Kotak Securities.
Can I calculate Kotak Securities brokerage even before I place a Trade?
Yes, you can calculate brokerage charges before you trade or place the order.
Can I calculate Kotak Securities margin / limit / exposure?
Yes, you can also check and calculate the margin and exposure and other limits before you place the order.
Is there any account opening fees by Kotak Securities?
Yes, there is account opening fee charged by the firm for trading account of Rs 750.
Is there any AMC levied by Kotak Securities?
Yes, there is a nominal annual maintenance charge as levied by the firm.
Kotak Securities Charges – Conclusion
Kotak Securities is known for its excellent services in the financial sector as we all know. You have read about all the Kotak Securities Charges that are levied by the firm on their different services and products. While the charges are reasonable for various segments, they are higher for a few of them.
Open Demat Account with Kotak Securities Now! – Fill up the Form
Find out Brokerage Charges of other Stock Brokers
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