Kotak Securities & Kotak Neo, The subsidiary of Kotak Mahindra Bank Limited. Kotak Securities is India’s one of the leading full-service broker offers trading and investment solutions at low cost. Kotak securities offer various plans include attractive pricing model & ₹0 ZERO Intraday charges for all major plans.
In this article, We explain Kotak Securities brokerage charges and pricing model in detail so you can easily understand the brokerage fees and taxes you can face when investing or trading through Kotak Securities or Kotak Neo.
Kotak Securities Brokerage Charges Detailed List
Kotak Securities or Kotak neo offers 3 major plans include ₹0 ZERO Intraday charges in all segments for all plans, also ₹0 charges for mutual funds and IPOs.
Kotak Securities Pricing Plans
Kotak Securities offers Trade Free Youth plan, Trade Free Plan and Trade Free Pro plan with attractive brokerage charges. In this section, we cover all the plan’s charges and pricing models Below list provides key insights of Kotak Securities Brokerage charges for various plans:
Trade Free Youth Plan
Trade free youth plan is designed only for below 30 years of age
- ₹0 Brokerage on Stock Delivery, Intraday and all F&O trades
- ₹0 Brokerage on IPOs
- Subscription fee of ₹99 for the first year then ₹499 p.a.
Trade Free Plan
Trade free plan is designed only for above 30 years of age
- ₹0 Brokerage on all intraday trades only
- 0.25% Brokerage on Stock delivery trades
- Flat ₹20 Brokerage per order on all carry forward F&O trades
- ₹0 ZERO Account Opening & ₹0 ZERO subscription fees
Trade Free Pro Plan
Trade free pro plan is designed for all traders and investors, this plan offers attractive margin trading facility at special low-cost interest rates.
- Get upto 4x leverage with margin trading facility (MTF) at low interest
- ₹249 + GST per month
- 9.75% Interest rate on Margin Trading
- 0.1% on Stock Delivery
- ₹0 Brokerage on all intraday trades
- Flat ₹20 Brokerage per order on all carry forward F&O trades
Kotak Securities brokerage charges and pricing, We have divided this section into 4 parts, the first section covers all the basic charges list, second section covers regulatory/tax charges for equity, currency and commodity, at third covers hidden penalties and last section explained all charges in detail.
Key Charges (Kotak Securities Brokerage Charges)
₹0
For INTRADAY
ZERO Brokerage charges on Intraday Trading, applied on all segments
₹0
For IPOs
Applying for an IPO with Kotak Securities is completely free of cost
₹0
For Mutual Funds
₹0 brokerage Charges on Mutual Fund Investments
₹20
For F&O
Flat ₹20 per executed order on Futures and Options carry forward positions (₹0 for Youth Plan)
Kotak Securities Basic Charges List
| Description | Charges |
|---|---|
| Account Opening Charges | ₹0 FREE |
| Subscription fee | Trade Free Youth Plan: ₹99 for first year then ₹499 Trade Free Plan: ₹0 FREE Trade Free Pro: ₹249+GST/month |
| Annual Maintenance Charges (AMC) | *FOR BSDA Holding less than or equal to ₹4 lakhs: ₹0 Holding value ₹4 lakhs to ₹10 lakhs: ₹100+GST Holding Value greaater than ₹10 lakhs: ₹50 (converted Non-BSDA) *For Non BSDA Value less than ₹1000: ₹0 Value greater than ₹1000: ₹50+GST |
| Call & Trade Services | Max ₹90 + 18% GST per executed order |
| Auto Square Off Charges | ₹50 + 18% GST per Order |
| Depository Participant charges (DP) | 0.04% of the value of securities (minimum ₹20) |
| Platform Charges | ₹0 |
| Cheque Bounce Charges | Online: ₹350 + Bank Charges Offline: ₹500 + Bank Charges |
| Payment Gateway Charges | ₹0 Free for UPI and ₹7 + GST for Net banking |
| Credit Charges (Buy Receive) | ₹0 |
| Dematerialisation | ₹150 per certificate and ₹50 per request (courier charges) |
| Rematerialisation | ₹10 for 100 securities |
| Pledge Request | ₹20 per ISIN |
| Unpledge Request | ₹20 per ISIN |
| Pledge Invocation | ₹20 per ISIN |
| Pledge Charges for non margin Request | 0.05% of the value (min ₹30) |
| Pledge Charges for non margin Invocation | 0.05% of the value (min ₹20) |
| Failed / Rejected Demat Transactions | ₹0 |
| Periodic Statement | ₹0 charges by Email |
| Contract note | ₹0 charges by Email & ₹50+ GST per trading day/requested day For Previous financial year ₹200 per request |
| Auction Charges | ₹25 per auction |
| Password printing and dispatch charges | ₹25 |
Taxes & Regulatory charges List
Equity delivery, Equity Intraday, Futures & Options Taxes and Regulatory Charges
| Type | Equity delivery | Equity intraday | Futures | Options |
|---|---|---|---|---|
| Brokerage | Trade Free Youth: ₹0 Trade Free: 0.25% Trade Free Pro: 0.1% | ZERO | Zero for Intraday ₹20 for carry forward | Zero for Intraday ₹20 for carry forward |
| STT | 0.1% on buy & sell | 0.025% on the sell side | 0.02% on the sell side | 0.1% on sell side |
| Exchange charges | NSE: 0.00297% BSE: 0.00375% | NSE: 0.00297% BSE: 0.00375% | NSE: 0.00173% BSE: 0 (Zero) | NSE: 0.03503% BSE: 0.0325% |
| GST | 18% on brokerage + SEBI charges + transaction charges + Other Tax | 18% on brokerage + SEBI charges + transaction charges + Other Tax | 18% on brokerage + SEBI charges + transaction charges + Other Tax | 18% on brokerage + SEBI charges + transaction charges + Other Tax |
| SEBI charges | ₹10 / crore or 0.0001% | ₹10 / crore or 0.0001% | ₹10 / crore or 0.0001% | ₹10 / crore or 0.0001% |
| Stamp charges | 0.015% | 0.003% | 0.002% | 0.003% |
| IPST (NSE) | 0.0001% of the turnover | 0.0001% of the turnover | 0.0001% of the turnover | 0.0005% of the turnover |
Currency Taxes & Regulatory Charges
| Type | Currency Futures | Currency Options |
|---|---|---|
| Brokerage | Zero for Intraday ₹20 for carry forward | Zero for Intraday ₹20 for carry forward |
| STT/CTT | – | – |
| Exchange charges | NSE: 0.00035% BSE: 0.00045% | NSE: 0.0311% BSE: 0.001% |
| GST | 18% on brokerage + transaction charges + Clearing Charges | 18% on brokerage + transaction charges + Clearing Charges |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Clearing Charges | 0.0005% | NSE: 0.009% |
| Stamp charges | 0.0001% on Buy Side | 0.0001% on Buy Side |
Commodity Taxes & Regulatory Charges
| Type | Commodity Futures | Commodity Options |
|---|---|---|
| Brokerage | Zero for Intraday ₹20 for carry forward | Zero for Intraday ₹20 for carry forward |
| CTT | 0.01% on sell (Non Agri) | 0.05% on sell side |
| Exchange charges | MCX: 0.0021% NCDEX: 0.0058% | MCX: 0.0418% NCDEX: 0.003% |
| GST | 18% on brokerage + SEBI charges + transaction charges | 18% on brokerage + SEBI charges + transaction charges |
| SEBI charges | ₹1/crore for Agri and ₹10/crore | ₹10/crore |
| Stamp charges | 0.002% on Buy Side | 0.003% on Buy Side |
Kotak Securities MTF (Margin Trading Facility) Charges
Interest Charges for MTF: Kotak charges 18% annualy i.e. 0.049% per day for the funded amount. (9.75% p.a for Trade free pro plan)
Intrest on outstanding debiy balance charges: kotak charges 18% annualy i.e. 0.049% per day
Stock used as margin for F&O derivatives trades, If 50:50 cash and collateral: 0.00% & non cash collateral margin > 50% : 0.049% per day
Pledge Charges on MTF: ₹20 per ISIN applied on both side pledge & unpledge.
Penalty Charges
- Auto Square Off: ₹50 per order automatically squared by Kotak securities team before market closure.
- Peak margin penalty: As per exchange please refer brokers note.
Kotak Securities Value added services (Optional)
- Research SMS: ₹100+GST per month for fundamental or 150+GST per month for fundamental and technical both
- Research SMS: ₹1000+GST /annual for fundamental or 1500+GST /annual for fundamental and technical both
- Smallcase: ₹100 per basket purchased
- Screeners: FREE
- Kotak Trade API: FREE
Kotak Securities Brokerage Charges Table
| Segment | Kotak Brokerage Charges |
|---|---|
| Equity Delivery | Trade Free Youth: ₹0 Trade Free: 0.25% Trade Free Pro: 0.1% |
| Equity Intraday | ZERO |
| Equity Futures | Zero for Intraday ₹20 for carry forward |
| Equity Options | Zero for Intraday ₹20 for carry forward |
| Currency and Commodity Futures | Zero for Intraday ₹20 for carry forward |
| Currency and Commodity Options | Zero for Intraday ₹20 for carry forward |
Charges Explain
Government Taxes & Charges
- STT (Securities Transaction Tax) – This charges levied by the government on securities and charged on both buy and sell orders for equity delivery & charged only on sell when you trade intraday in equity and F&O.
- GST 18% – Charged by government on the services provided by broker and other services. this is additional charges on brokerage, DP charges, Exchange charges, IPFT, Sebi Ternover and auto square off charges.
- Stamp duty charges – Stamp duty charges are a part of state government revenue system applicable on the trading of securities.
Regulatory Charges
- Transaction Charges – This charges applicable or charged by exchange like nse & bse on total traded value.
- SEBI Charges – SEBI a government regulating body in indian securities market charged ₹10 per crore.
DP Charges
- Dp Charges at Kotak securities is 0.04% of the value of securities (minimum ₹20) + GST per sell transaction, on the debit day, is charged from the trading account when stocks are sold. This is charged by the depository and depository participant.
In the above article Kotak Securities Brokerage Charges, We taken a close look at Kotak Securities/kotak Neo brokerage charges and fees, see what you actually pay when using kotak platform for investing and trading. Kotak stands out by offering tez kotak neo top level trading platform in low rates with zero brokerage fees for youth and zero brokerage for all intraday trades, making it easy for every beginners to start trading with pro features at no more cost.
Overall, Kotak securities provide transperent brokerage pricing plans with advanced trading products simplifies the top in class trading experience as well as attract new beginner traders and investors with user-friendly simple platform for everyone.
