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
Broker Enquiry Open an Online Trading Account with Kotak Securities. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you.
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Kotak Securities Vs Finvasia Charges

  Kotak Securities Finvasia
NRI Account Opening Fees ₹3750 ₹0 (₹199 Power of Attorney)
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0 (Free)
NRI Demat Account AMC ₹600 ₹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

Brokerage Plan

  Kotak Securities Finvasia
Account Type NRI Account NRI Account
Equity Delivery 1% on the turnover ₹0
Equity Futures 1% on the turnover ₹0
Equity Options 1% on the turnover ₹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 ₹15 per Crore ₹15 per 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 Exposure Margin

  Kotak Securities Finvasia
Equity Delivery
Equity Futures
Equity Options
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Kotak Securities and Finvasia NRI Account Feature Comparison

  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 Finvasia
  143 Customer Reviews    Rate Kotak Securities 14 Customer Reviews    Rate Finvasia
Fees 2.5 4.4
Brokerage 2.4 4.8
Trading Platform 3.4 2.9
Customer Service 3.0 4.7
Overall Rating Rated 2.6 stars Rated 4.5 stars
Broker Rating Kotak Securities is Rated 2.6 / 5 based on 143 customer reviews Finvasia is Rated 4.5 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Finvasia
Contact Broker
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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
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Kotak Securities Vs Finvasia - More Reviews

  Kotak Securities Finvasia
NRI Trading Review Kotak Securities NRI Account Review Finvasia NRI Account Review
Enquire Kotak Securities Enquire Finvasia
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