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Wisdom Capital Vs Kotak Securities NRI Account Comparison

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

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

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

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Wisdom Capital Vs Kotak Securities

  Wisdom Capital Kotak Securities
 
  Wisdom Capital Logo Kotak Securities Ltd Logo
About the Broker Wisdom Capital is an online discount broker in India. The broker offers trading and Demat account services to residents as well as NRIs. Wisdom Capital is an online brand of Ashlar Securities. The company is registered under FATCA of the USA and allo... Know more about Wisdom Capital 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
Account Type NRI Trading NRI Account
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Wisdom Capital Vs Kotak Securities Charges

  Wisdom Capital Kotak Securities
NRI Account Opening Fees ₹3750
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 999 (Lifetime) Rs 600
PIS Account AMC NA ₹1000
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Wisdom Capital Vs Kotak Securities NRI Account Brokerage Comparison

Account Type Wisdom Capital NRI Trading Kotak Securities NRI Account
Equity Delivery 1.00%
Equity Futures 1.00%
Equity Options 1.00%
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Other Charges

Contract Note Reporting Charges NA ₹0
Other Brokerage Charges Average Quarterly Balance: ₹10000
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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Wisdom Capital Vs Kotak Securities NRI Account Taxes/Fees

  Wisdom Capital Kotak Securities
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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Wisdom Capital Vs Kotak Securities NRI Account Margin

  Wisdom Capital Margin Kotak Securities 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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Wisdom Capital and Kotak Securities NRI Account Features

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

  Wisdom Capital Review Kotak Securities Review
  30 Customer Reviews    Rate Wisdom Capital 172 Customer Reviews    Rate Kotak Securities
Fees 4.0 2.4
Brokerage 4.2 2.3
Trading Platform 3.3 3.2
Customer Service 3.4 2.8
Overall Rating Rated 3.6 stars Rated 2.4 stars
Broker Rating Wisdom Capital is Rated 3.6 / 5 based on 30 customer reviews Kotak Securities is Rated 2.4 / 5 based on 172 customer reviews
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Contact Broker / Request A Call Back

  Wisdom Capital Enquire Kotak Securities Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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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Wisdom Capital Vs Kotak Securities NRI Investment Options

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

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Wisdom Capital Vs Kotak Securities NRI Customer Service

  Wisdom Capital Kotak Securities
Customer Care Number 1800-123-9343 022 6689 6000, 022 6652 9191
Customer Care Email accounts@wisdomcapital.in nricustomerservice@kotak.com
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Wisdom Capital Vs Kotak Securities Order Type Offered for NRI Account

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

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Wisdom Capital Vs Kotak Securities - NRI Account Advantages and Disadvantages

  Wisdom Capital Kotak Securities
Pros
  • Wisdom Capital brokerage is lower than the full-service brokers.
  • Offers expert investment advisory services.
  • Dedicated online Live Support.
  • Wisdom Capital Trading School course for the investors to understand stock market concepts and trading.
  • NRIs are allowed to open the NRI bank account with any bank and link it with Wisdom Capital NRI trading and Demat account.
  • Omnesys NEST is offered as the trading platform.
  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.
Cons
  • Doesn't offer the facility to invest in IPOs and NCDs.
  • Doesn't offer a 3-in-1 NRI trading account. NRIs have to open a bank account with 3rd party.
  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.
Conclusion

Wisdom Capital is an online broker with very little investment in technology. This makes it difficult for Wisdom Capital to compete with other discount stock brokers including Zerodha, 5Paisa, Upstox, and ProStocks, etc. Except for investment advisory and trading courses, Wisdom doesn't have any unique selling point.

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.

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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