Kotak Securities Mutual Fund Review

Kotak Securities Limited (KSL), a subsidiary of Kotak Mahindra Bank, is one of India's largest full-service stockbroking firms, catering to retail and institutional investors across all segments of the capital market. With a strong research team, a robust digital trading platform, a large branch network, and a wide franchisee base, KSL processes lakhs of secondary market trades every day.

Kotak Securities also provides direct access to the US markets through a tie-up with partner brokers. They are corporate members of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), as well as a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).

With 182 branches, 1265 franchisees, and a customer base spread across 378 cities in India, Kotak Securities has established a strong presence in the market.

Key Features of Kotak Mutual Fund

• Systematic Investment Plan (SIP).
• Lump sum investment in mutual funds.
• Automatic fund transfer from the linked bank account to Kotak Securities on a specified date.
• Handpicked collections of mutual funds in the same category.
• Online investment calculator.
• Kotak Securities' New Fund Offers (NFOs)(first-time subscription offers for new schemes launched by AMCs).
• Invest through Demat Mode.
• Recommends mutual funds after a careful assessment.

Kotak Mutual Fund Online Charges

Kotak Securities offers both direct and regular mutual fund schemes from different fund houses. The broker doesn't charge any transaction or brokerage fee for mutual fund investments. By investing in direct mutual funds, you don't pay commissions to the fund houses.

Kotak Mutual Fund Account Opening Process

To open a mutual fund account with Kotak Securities Mutual Fund and Kotak Mahindra Bank, you need to submit the form on the website and a representative will call you to take forward the process. After opening a mutual fund account, you can invest through any associate website of Kotak Mahindra Bank for mutual fund investment.

Steps to open Kotak Mutual Fund Account:

• Visit Kotak Mahindra Bank official website
• Click on the 'Explore Products' tab available in the main menu
• Hover the mouse on 'Investments' from the drop-down list
• Click on 'Mutual Fund'
• Click on the 'Apply Now button
• Leave your details and a representative will call you

You need to follow the procedure explained by the relationship manager for Kotak mutual fund account opening.

Kotak Mutual Fund SIP

With Kotak MF, you can plan your investment systematically through SIP by investing periodically in mutual fund schemes. Based on your time span and using the SIP calculator to calculate the investment amount on each instalment, you can smartly invest in mutual funds. Kotak Mutual Fund SIP can be used to meet various financial goals including buying your dream car, retirement, child's education, holiday, wealth building, destination wedding, and dream home. The Kotak SIP calculator helps in estimating the returns based on the inflation rate.

Benefits of Investing in Kotak Mutual Fund SIP:

• Disciplined way of investing
• Single registration process to invest through SIP
• Benefit from rupee cost averaging
• Start with a small amount and get compounding benefits over the long term
• Can start SIP with as minimum as Rs 500

Steps to Start SIP with Kotak Mutual Fund

• Login to Kotak Securities account
• Click on 'Place Order'
• Select Mutual Fund as an option
• Click on SIP
• Enter scheme related details
• Click on Place Order
• Enter SIP amount, frequency and other details
• Accept the terms and conditions
• Save the order number displayed and click on Ok

Kotak Mutual Fund Investment Platforms

Kotak Securities understands the importance of convenience and accessibility when it comes to investing in mutual funds. There are multiple routes for accessing mutual fund services with Kotak Securities. Invest in Mutual Funds using the following:

Kotak Neo App

The all-new Kotak Neo app is designed to provide a user-friendly interface for hassle-free mutual fund investments. Users can easily download the app from their respective app stores, log in with their Kotak Securities credentials, and access a wide range of mutual funds right at their fingertips.

Kotak Stock Trader App

Those already using the Kotak Stock Trader app will be pleased to know that they can also access mutual fund services with a single login. Users can explore and invest in a diverse range of mutual funds, adding more flexibility to their investment portfolio.

Kotak Mutual Fund Customer Care

Kotak Securities Customer Care Support Chat provides a live chat session with the associates to solve products, trading accounts, platforms and offers related information. You can also call 1800 209 9191 or mail service.securities@kotak.com for related queries.

Kotak Mutual Fund Advantages

• Allows investment across both direct and regular mutual funds
• Track mutual fund investment and get monthly updates
• Doesn't charge any transaction and brokerage fee for mutual fund
• Get SMS updates on the transactions
• Invest through Call & Trade facility
• Offers Kotak Mutual Funds across all the categories

Kotak Mutual Fund Disadvantages

• Charges commission on regular mutual fund
• Doesn't have an app and desktop-based mutual fund investment platform

Conclusion

Kotak Securities comes across as an excellent choice for mutual fund investments. It offers both in-house and mutual fund schemes from other fund houses. While investing in regular mutual funds, you have to pay a commission for investing in regular mutual fund schemes as well. Investing in Kotak Mutual Fund Direct schemes is completely free.

Kotak Securities offers the convenience of setting up an E-Nach mandate for seamless transactions. With this facility, investors can authorise Kotak Securities to automatically debit their bank account for mutual fund investments at regular intervals. By setting up an E-Nach mandate, investors can enjoy a hassle-free investment experience without the need for manual transfers or payments.

With these platforms and services, investors can easily access and manage their mutual fund investments, whether it's through the user-friendly Kotak Neo app, the Kotak Stock Trader app, or by setting up an E-Nach mandate for automated transactions.

Frequently Asked Questions

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Information on this page was last updated on Wednesday, January 10, 2024