This article will provide you all the beneficial details of Kotak securities charges. If you want to trade and looking for information related to Kotak Securities brokerage charges, then you are at the right place.
Here, we will not only discuss their brokerage charges, but also their other various charges that levied by the government. So, lets take a review:
Kotak Securities Securities Brokerage Charges
Find below the detailed table of Kotak securities brokerage charges:
|Brokerage Charges of 2019|
|Equity Options||Rs 300|
|Flat Monthly Fees, if any||NA|
The brokerage charges for equity delivery is 0.49% and for equity Intraday and equity futures are 0.05% respectively. For equity options the brokerage charges are Rs.300.
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Kotak Securities Special Brokerage Plans
Find below the detailed table of Kotak securities special brokerage plans:
|Plan:||Kotak Securities Brokerage Plan [Dynamic Brokerage Plan]|
|Flat Monthly Fee|
|Equity Delivery||0.59% to 0.30%|
|Equity Intraday||0.06% to 0.05%|
|Equity Futures||0.07% to 0.05%|
|Equity Options||2.5% to 1.8%|
|Currency Futures||0.04% or Rs 20 per lot|
|Currency Options||Rs 20 to Rs 7.5 per lot|
|Flat Monthly Fee||Rs 5555 for 10 years|
|Equity Options||Intraday Rs 0.01, Carry Forward: Rs 10 per lot|
|Currency Options||Intraday Rs 0.01, Carry Forward: Rs 10 per lot|
Kotak securities sets two special brokerage plans. In first plan the brokerage charges for equity delivery are lies between 0.59% to 0.03% , for equity Intraday 0.06% to 0.07% respectively.
For equity futures 0.07 to 0.05% and for equity options it will be 2.5% to 1.8%. The brokerage charges for currency futures are 0.04% to Rs 20 and currency options are Rs. 20 to Rs. 75 respectively
In the second plan the brokerage monthly fee is Rs 5555 for 10 years. The brokerage charges in second plan for equity delivery is 0.25% and for equity Intraday, equity futures and currency futures are 0.03% respectively.
For equity options Intraday Rs. 0.01, carry forward: Rs. 10 per lot and for currency options Intraday Rs. 0.01, carry forward: Rs 10 per lot.
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Kotak Securities Securities Account Opening Charges
Find below kotak securities account opening charges:
|Account Opening Charges of 2019|
|Account Processing Charges||Nil|
|Trading Account Opening Charges [One Time]||Rs 750|
|Trading AMC [Yearly]||Rs 0|
|Demat Account Opening Charges [One Time]||Rs 0|
|Demat AMC [Yearly]||Rs 600|
Kotak securities is charges Rs.750 from the clients who wants to open trading accounts and Rs. 600 as demat AMC.
Apart from these charges, kotak securities will not take account processing charges, trading AMC and demat account opening charges. The margin money set by the Kotak securities are Rs. 25,000 only.
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Kotak Securities Transaction Charges
Get detailed table of Kotak securities transaction charges:
|Transaction Charges 2019|
|Equity Delivery||NSE: 0.0031% and for BSE: 0.0028%|
|Equity Intraday||NSE: 0.0031% and for BSE: 0.0028%|
|Equity Options||0.05% on Premium|
|Currency Options||0.05% on Premium|
Kotak securities levied transaction charges for equity delivery and equity Intraday NSE: 0.0031% and for BSE 0.0028% respectively.
For equity futures transaction charges are 0.00180% and for currency futures are 0.00120% respectively. The transaction charges for equity options and currency options are 0.05% on premium.
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Kotak Securities Securities Other Charges
Get detailed table of Kotak securities other charges:
|Other Charges 2019|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0126% of Total Turnover|
|Stamp Duty||0.002% – 0.004% – Depends on State|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.50 per Segment|
|Account Closure Charges||Rs.50 per Segment|
Kotak securities sets 0.0002% of turnover charges as SEBI turnover charges& the STT is 0.0126% of total turnover. There is a charges known as stamp duty which vary from the state to state that lies between 0.002%- 0.004% respectively.
The GST charge that levied by the government is 18% of ( brokerage + transaction charges). The margin fund charges are 18%+ GST.
Kotak securities levied Rs. 50 both for account closure charges and reactivation charges respectively. The dematerialisation charges are Rs. 53 only.
Kotak Securities Brokerage Charges FAQs
Ques – Does Kotak Securities Charge Brokerage?
Answer – Yes, this stock broker has a fixed brokerage charges structure for its clients. So, there is no single segment where the brokerage charge is nil, however the charges vary as per the segment. So, look out for the segment you wish to invest it and check for the charges accordingly.
Ques – What is Kotak Securities Brokerage Charges?
Answer – The charges for each of the segment are different, where, Delivery Trading has 0.49% charge, Intraday Trading, Futures Trading and Currency Futures Trading have 0.049% charge. The last set of segments, i.e. Options Trading has Rs.100 per Lot charge, and Currency Options Trading has Rs.70 per Lot charge.
Ques – What is Intraday Brokerage of Kotak Securities?
Answer – Intraday trading with this stock broker is cheap to a significant degree, as the broker tends to attract a lot of investors to this domain. On this note, we have the right charge percentage information for you, i.e. as the intraday trader you have to pay 0.049% brokerage.
Ques – What other Charges levied by Kotak Securities?
Answer – For every transaction you place, you have to pay a brokerage and alongside, you have another bunch of charges to pay, though how tiny they account to. They are transactional charges, SEBI Turnover Charges, STT, Stamp Duty, GST, Margin Funding charges and other petty charges
Ques – Is Kotak Securities a discount broker?
Answer – No, Kotak Securities is not a discount broker in any manner, and they are much of full service brokers who provide all the stock broking products and service. The service provided for the traders also include research and advisory, and also stock tips.
Ques – Does Kotak Securities have Free Delivery?
Answer – No, free delivery is not listed as the perks which Kotak Securities provide. In fact, they charge a rather higher brokerage rate, as compared to the charges of other segments in the charge structure. We have provided the take for your concern in this article.
Ques – How much Kotak Securities Charge for Options?
Answer – We have the rates of both the options segments, and both of the rates differ from each other. The charge for the equity options is precisely Rs.100 per Lot. But, the charge for the Currency options is that of Rs.70 per Lot.
Ques – What are Kotak Securities Transaction Charges?
Answer – The transactional charges are taken on each and every transaction that you undertake. This is the same affair for trading in any segment. As per the same structure, the stock broker charges 0.00320% of Total Turnover for each and every segment.
Ques – What is the Demat AMC in Kotak Securities?
Answer – So, if you wish to know the account related charges, we have the information for you in respect to the AMC. As per the structure of this stock broker, the charge is Rs.300 per annum. On the other hand, the broker may even make it free based on certain conditions.
Ques – Is Kotak Securities Brokerage Free?
Answer – No, brokerage is not waived off in either of the segments investment that the stock broking house provides. You need to refer to the charge of the segment you are trading in, as the funds will be deducted from your account on the basis.
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