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HDFC Securities Vs Kotak Securities (Compare HDFC Securities and Kotak Securities)

HDFC Securities Ltd Logo

About HDFC Securities
Incorporated in 2000, HDFC Securities is one of the leading full-service stock brokers in India. HDFC Securities is a subsidiary of HDFC Bank. The company allows its customers to trade and invest in shares, bonds, futures, options, buybacks, mutual funds, IPOs, currency derivatives, commodities, stock portfolios, etc. HDFC Securities is a SEBI registered broker and a member of BSE, NSE, MCX, CDSL and NSDL. HDFC Securities provides trading services through multiple trading platforms to make cust... Know more about HDFC Securities Ltd

Kotak Securities Ltd Logo

About Kotak Securities
Incorporated in 1994, Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Research SMS, margin trading, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a subsidiary of Kotak Mahindra Bank, one ... Know more about Kotak Securities Ltd

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HDFC Securities Vs Kotak Securities

Incorporated in 2002, HDFC Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 270 branches across India. Incorporated in 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India.

  HDFC Securities Kotak Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE BSE, NSE, MCX, NCDEX
Year of Incorporation 2002 1994
Number of Branches 270 153
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HDFC Securities Vs Kotak Securities Charges & AMC

HDFC Securities trading account opening charges is Rs 999 while Kotak Securities account opening changes is Rs 99. HDFC Securities Demat Account AMC Charges is Rs 750 and Kotak Securities Demat Account AMC Charges is Rs 600.

  HDFC Securities Kotak Securities
Trading Account Opening Charges Rs 999 Rs 99
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0 (Free)
Demat Account AMC Charges Rs 750 Rs 600

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HDFC Securities Vs Kotak Securities Brokerage

HDFC Securities brokerage charges for equity is 0.32% and intraday is 0.032% whereas Kotak Securities brokerage charges for equity is 0.25% (Minimum Rs 20 per trade) and intraday is Free.

Account Type HDFC Securities Lite 199 Yearly Subscription Plan Kotak Securities Trade Free Plan
Fixed Charges Rs 199 per year
Equity Delivery 0.32% 0.25% (Minimum Rs 20 per trade)
Equity Intraday 0.032% Free
Equity Futures Rs 20 per trade Delivery: Rs 20 per trade | Intraday: Free
Equity Options Rs 20 per trade Delivery: Rs 20 per trade | Intraday: Free
Currency Futures Delivery: Rs 20 per trade | Intraday: Free
Currency Options Delivery: Rs 20 per trade | Intraday: Free
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free
Commodity Options Delivery: Rs 20 per trade | Intraday: Free
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now

HDFC Securities Vs Kotak Securities Brokerage Plan 2

  HDFC Securities Kotak Securities
Account Type Alpha 1,999 Dealer Assisted Plan
Fixed Charges Rs 1999 per year Rs 499 (One Time)
Equity Delivery 0.18% 0.39%
Equity Intraday 0.018% 0.039%
Equity Futures Rs 20 per trade 0.039%
Equity Options Rs 20 per trade Rs 39 per lot
Currency Futures Rs 9 per lot
Currency Options Rs 5 per lot
Commodity Futures 0.039%
Commodity Options Rs 39 per lot
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HDFC Securities Vs Kotak Securities Brokerage Plan 3

  HDFC Securities Kotak Securities
Account Type Alpha 4999 Yearly Subscription Plan Trade Free Plan
Fixed Charges Rs 4,999 per year
Equity Delivery 0.10% 0.25% (Minimum Rs 20 per trade)
Equity Intraday 0.010% Free
Equity Futures Rs 20 per trade Delivery: Rs 20 per trade | Intraday: Free
Equity Options Rs 20 per trade Delivery: Rs 20 per trade | Intraday: Free
Currency Futures Delivery: Rs 20 per trade | Intraday: Free
Currency Options Delivery: Rs 20 per trade | Intraday: Free
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free
Commodity Options Delivery: Rs 20 per trade | Intraday: Free
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HDFC Securities Charges Vs Kotak Securities

Minimum Brokerage Rs. 25 per order on equity segment Rs 21 per executed order
Other Charges
Call & Trade Charges Rs 0 Rs 50 per call

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HDFC Securities Vs Kotak Securities Transaction Charges

HDFC Securities transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Kotak Securities exchange transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium).

  HDFC Securities Kotak Securities
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 200 per Cr (0.002%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) NSE Rs 95 per Cr (0.00095%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) NSE Rs 3700 per Cr (0.037%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity NA MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% | Commodity Options: MCX : 0.05% & 0 for NCDEX
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HDFC Securities Vs Kotak Securities Leverage (Margin)

HDFC Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Kotak Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  HDFC Securities Kotak Securities
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare HDFC Securities and Kotak Securities Features

The trading platforms offered HDFC Securities include ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify. Kotak Securities offers Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite trading software.

  HDFC Securities Kotak Securities
3 in 1 Account Yes Yes
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No No
Trading Platform ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite
Intraday Square-off Time 3:30 PM
Trading In SME Shares Allowed?
Referral Program
Other Features E-Margin, ENCASH, 3-in-1 account
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HDFC Securities Vs Kotak Securities Review

HDFC Securities is rated 2.1 of 5 based on 230 customer reviews whereas Kotak Securities is rated 2.4 of 5 based on 197 customer reviews.

  HDFC Securities Kotak Securities
  230 Customer Reviews    Rate HDFC Securities 197 Customer Reviews    Rate Kotak Securities
Fees 2.1 2.4
Brokerage 1.8 2.3
Trading Platform 2.8 3.2
Customer Service 2.5 2.8
Research Capabilities 2.6 2.7
Overall Ratings Rated 2.1 stars Rated 2.4 stars
Broker Rating HDFC Securities is rated 2.1 of 5 based on 230 customer reviews Kotak Securities is rated 2.4 of 5 based on 197 customer reviews

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Contact Broker / Request A Call Back

  HDFC Securities Enquire Kotak Securities Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now

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HDFC Securities Vs Kotak Securities Investment Options

  HDFC Securities Kotak Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading

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HDFC Securities Vs Kotak Securities Order Type Offered

  HDFC Securities Kotak Securities
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) Yes Yes
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HDFC Securities Vs Kotak Securities Research Report

  HDFC Securities Kotak Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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HDFC Securities Vs Kotak Securities Suitable For Investor Type

  HDFC Securities Kotak Securities
Casual Investor Yes Yes
Active Investor Yes
Trader

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HDFC Securities Vs Kotak Securities - Pros and Cons

  HDFC Securities Kotak Securities
Pros
  • The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments.
  • Kotak Securities is a bank-based broker offering a 3-in-1 account.
  • Brokerage free intraday trading with online trading plans.
  • Zero brokerage across all segments for investors up to the age of 30 years.
  • Company is part of leading private bank (Kotak Mahindra Bank).
  • NEST trading platform is available for frequent traders.
  • Charges are lowest amoung bank-based brokers.
Cons
  • In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs 5000) and a DP (depository participant) account with HDFC Bank.
  • Very high brokerage charges
  • Charge minimum brokerage of Rs 25
  • High Equity delivery brokerage charges.
  • High demat AMC changes (Rs 66 per month).
  • Kotak Securities website and mobile app is not as good as new age brokers like Zerodha and Upstox.
  • A widely advertised Zero Brokerage Plan is available only to investors up to the age of 30 years.
  • The customer has to pay a yearly plan subscription fee of Rs 499.
  • Very high brokerage in dealer-assisted brokerage plan.
  • Margin-funding facility causes confusion amount investors who ended up paying high interest charges unknowingly.
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  • Pay ₹20 per trade for Intraday & F&O.
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Kotak Securities Special Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

  • Brokerage-Free Intraday trades (Equity and F&O).
  • Flat Rs. 20 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

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