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Kotak Securities Vs Finvasia NRI Account Comparison

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

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

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

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Kotak Securities Vs Finvasia

  Kotak Securities Finvasia
 
  Kotak Securities Ltd Logo Finvasia Securities Pvt Ltd 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 Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt Ltd
Account Type NRI Account NRI Account
Special Offer

Zerodha (Trade with the best stock broker)

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.

Zerodha (Trade with the best stock broker)

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.


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Kotak Securities Vs Finvasia Charges

  Kotak Securities Finvasia
NRI Account Opening Fees ₹3750 ₹199
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 600 Rs 0 per year (Lifetime Zero AMC)
PIS Account AMC ₹1000 NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

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Kotak Securities Vs Finvasia NRI Account Brokerage Comparison

Account Type Kotak Securities NRI Account Finvasia NRI Account
Equity Delivery 1.00% ₹0
Equity Futures 1.00% ₹0
Equity Options 1.00% ₹0

Other Charges

Contract Note Reporting Charges ₹0 NA
Other Brokerage Charges Average Quarterly Balance: ₹10000 ₹0
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 Finvasia NRI Account Taxes/Fees

  Kotak Securities Finvasia
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 Finvasia NRI Account Margin

  Kotak Securities Margin Finvasia 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 Finvasia NRI Account Features

  Kotak Securities Finvasia
3-in-1 Account Yes No
Automated Trading No Yes
Free Research And Tips Yes No
Other Features

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Kotak Securities Vs Finvasia NRI Account Review

  Kotak Securities Review Finvasia Review
  180 Customer Reviews    Rate Kotak Securities 50 Customer Reviews    Rate Finvasia
Fees 2.4 4.8
Brokerage 2.3 4.9
Trading Platform 3.2 3.6
Customer Service 2.8 4.3
Overall Rating Rated 2.4 stars Rated 4.5 stars
Broker Rating Kotak Securities is Rated 2.4 / 5 based on 180 customer reviews Finvasia is Rated 4.5 / 5 based on 50 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire Finvasia 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. 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.
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Kotak Securities Vs Finvasia NRI Investment Options

  Kotak Securities Finvasia
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options

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Kotak Securities Vs Finvasia NRI Customer Service

  Kotak Securities Finvasia
Customer Care Number 022 6689 6000, 022 6652 9191 +91 172 667 0000
Customer Care Email nricustomerservice@kotak.com contactus@finvasia.com

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Kotak Securities Vs Finvasia Order Type Offered for NRI Account

  Kotak Securities Finvasia
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No

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Kotak Securities Vs Finvasia - NRI Account Advantages and Disadvantages

  Kotak Securities Finvasia
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.
  • Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
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.
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
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.

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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