Published on Wednesday, May 2, 2018 by
Kotak Securities, a subsidiary of Kotak Mahindra Bank is among the top stock broker in India. The 3-in-1 trading account offered by Kotak Sec is among the most popular offering by the company.
The traditional brokers like Kotak Securities are being challenged by a new breed of discount stock brokers like Zerodha and ProStocks. These discount brokers are charging up to 90% lower brokerage and offering superior trading applications to the traders for no extra charges.
To keep the traders continue using its trading platform, Kotak Securities recently introduced a new brokerage plan. In this plan, Kotak offers unlimited equity intra-day trading for one flat Rs 999 per year fees.
Here are key facts about Kotak Securities Unlimited Trading Plan:
This plan is a step towards offering low-cost trading services to the price-sensitive trading community in India. Though the plan looks good in first sight, it will hardly make any difference for Kotak Sec. The migration from traditional brokers to the discount brokers will continue. The discount brokers are not just charging low brokerage, they are offering it across all segments, they have powerful and free trading platform, and providing excellent customer services.
Read more about Kotak Securities:
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