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Kotak Securities Vs AxisDirect NRI Account Comparison

The side-by-side comparison of Kotak Securities and AxisDirect NRI Account. Compare Kotak Securities Vs AxisDirect NRI Account brokerage charges, exposure margin, demat account and AMC. Read AxisDirect and Kotak Securities NRI Account reviews.

Find out Kotak Securities Vs AxisDirect which is better NRI Trading Account. See Kotak Securities Vs AxisDirect which is best NRI Demat Account.

Our Kotak Securities Ltd comparison with Axis Securities highlights the major differences between two brokers. Find the best between Kotak Securities and AxisDirect NRI Account.

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Kotak Securities Vs AxisDirect

  Kotak Securities AxisDirect
 
  Kotak Securities Ltd Logo Axis Securities Logo
About the Broker Kotak Securities is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak securities NRI account (NRI 3-in-1 accoun... Know more about Kotak Securities Ltd Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w... Know more about Axis Securities
Account Type NRI Account NRI Account
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Kotak Securities Vs AxisDirect Charges

  Kotak Securities AxisDirect
NRI Account Opening Fees ₹3750 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 600 Rs 650
PIS Account AMC ₹1000
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Kotak Securities Vs AxisDirect NRI Account Brokerage Comparison

Account Type Kotak Securities NRI Account AxisDirect NRI Account
Equity Delivery 1.00% 0.75%
Equity Futures 1.00% 0.05%
Equity Options 1.00% Intraday: 1p per lot, Carry Forward: ₹10 per lot
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Other Charges

Contract Note Reporting Charges ₹0
Other Brokerage Charges Average Quarterly Balance: ₹10000 PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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Kotak Securities Vs AxisDirect NRI Account Taxes/Fees

  Kotak Securities AxisDirect
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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Kotak Securities Vs AxisDirect NRI Account Margin

  Kotak Securities Margin AxisDirect Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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Kotak Securities and AxisDirect NRI Account Features

  Kotak Securities AxisDirect
3-in-1 Account Yes Yes
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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Kotak Securities Vs AxisDirect NRI Account Review

  Kotak Securities Review AxisDirect Review
  172 Customer Reviews    Rate Kotak Securities 77 Customer Reviews    Rate AxisDirect
Fees 2.4 2.0
Brokerage 2.3 1.8
Trading Platform 3.2 2.6
Customer Service 2.8 2.2
Overall Rating Rated 2.4 stars Rated 2.1 stars
Broker Rating Kotak Securities is Rated 2.4 / 5 based on 172 customer reviews AxisDirect is Rated 2.1 / 5 based on 77 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Enquire AxisDirect Enquire
Contact Broker Get Kotak 3-in-1 account for seamless trading and investment. The integrated trading + demat + saving bank account is for convenient investment in the stock market and mutual funds. Request a Callback.
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Kotak Securities Vs AxisDirect NRI Investment Options

  Kotak Securities AxisDirect
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Kotak Securities Vs AxisDirect NRI Customer Service

  Kotak Securities AxisDirect
Customer Care Number 022 6689 6000, 022 6652 9191 +91 22 4257 0809
Customer Care Email nricustomerservice@kotak.com
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Kotak Securities Vs AxisDirect Order Type Offered for NRI Account

  Kotak Securities AxisDirect
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes

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Kotak Securities Vs AxisDirect - NRI Account Advantages and Disadvantages

  Kotak Securities AxisDirect
Pros
  1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
  2. Part of the reputed Kotak group
  3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
  4. AMO and GTC order types make it easy for NRIs to place orders at any time.
  5. A dedicated research team for expert advice and recommendations
  6. Offers a range of advanced online trading platforms and tools.
  7. Offers online mutual fund, IPO and NCD investment facility.
  1. Offers 4-in-1 account for fast trading experience.
  2. Offers online Mutual Fund, IPO and NCD services.
  3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
  4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
  5. Free trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. GTC and AMO orders.
  8. A subsidiary of the reputed Axis Bank.
Cons
  1. The brokerage charges are higher in comparison to discount stock brokers like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.
  1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
  2. Axis does not provide online trading facility to USA based NRI clients.
Conclusion

Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRI's through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

Promo / Offers

Kotak 3-in-1 Account

Kotak Mahendra Bank offers trinity account, a 3-in-1 account which is a combination of saving bank, trading and demat account. It offers convenient investment in Equity, Derivatives, Mutual Funds, IPO and ETF.

Looking for an online trading account? Request Callback from a stock broker.

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