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Kotak Securities Vs Bajaj Finserv (Compare Kotak Securities and Bajaj Finserv)

Kotak Securities Ltd Logo

About Kotak Securities
Incorporated in 1994, Kotak Securities Ltd is a full-service stock broker offering 3-in-1 account (Bank + Trading + Demat Account) to retail investors in India. It offers investment in equities, derivatives (equities, commodities, currency) and mutual funds. It also offers services like Portfolio Management services (PMS), research, margin trade funding, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a ... Know more about Kotak Securities Ltd

Bajaj Financial Securities Ltd Logo

About Bajaj Finserv
Bajaj Financial Securities Limited (BFSL) is a subsidiary of Bajaj Finance Limited, one of the largest NBFCs in India. BFSL, a SEBI registered company offers stockbroking services and is a member of BSE and NSE. BFSL is the depository participant with NSDL and CDSL. BFSL offers online discount brokerage services in Equity and Derivative Trading, Mutual Funds, Margin Trading Financing, IPO Financing, Spread Financing and Loan Against Securities. BFSL has two trading platforms - BFSLTrade App (m... Know more about Bajaj Financial Securities Ltd

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Kotak Securities Vs Bajaj Finserv

Incorporated in 1994, Kotak Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 153 branches across India. Incorporated in 2010, Bajaj Finserv is a Discount Broker. It offers trading at BSE, NSE. It has 6 branches across India.

  Kotak Securities Bajaj Finserv
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE
Year of Incorporation 1994 2010
Number of Branches 153 6
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Kotak Securities Vs Bajaj Finserv Charges & AMC

Kotak Securities trading account opening charges is Rs 0 (Free) while Bajaj Finserv account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and Bajaj Finserv Demat Account AMC Charges is Rs 199 (Free for 1st year).

  Kotak Securities Bajaj Finserv
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 899 per year
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 600 Rs 199 (Free for 1st year)

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Kotak Securities Vs Bajaj Finserv Brokerage

Kotak Securities brokerage charges for equity is 0.25% or Rs 20 whichever is higher and intraday is Free whereas Bajaj Finserv brokerage charges for equity is 0.10% and intraday is Rs 17 per order.

Account Type Kotak Securities Trade Free Plan Bajaj Finserv Freedom Plan
Fixed Charges Rs 0
Equity Delivery 0.25% or Rs 20 whichever is higher 0.10%
Equity Intraday Free Rs 17 per order
Equity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 17 per order
Equity Options Delivery: Rs 20 per trade | Intraday: Free Rs 17 per order
Currency Futures Delivery: Rs 20 per trade | Intraday: Free
Currency Options Delivery: Rs 20 per trade | Intraday: Free
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free
Commodity Options Delivery: Rs 20 per trade | Intraday: Free
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.

Special Offer: Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!.

Kotak Securities Vs Bajaj Finserv Brokerage Plan 2

  Kotak Securities Bajaj Finserv
Account Type Dealer Assisted Plan Professional Pack
Fixed Charges Rs 499 (One Time) Rs 2500 per year
Equity Delivery 0.39% Rs 10 per order
Equity Intraday 0.039% Rs 10 per order
Equity Futures 0.039% Rs 10 per order
Equity Options Rs 39 per lot Rs 10 per order
Currency Futures Rs 9 per lot
Currency Options Rs 5 per lot
Commodity Futures 0.039%
Commodity Options Rs 39 per lot
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Kotak Securities Vs Bajaj Finserv Brokerage Plan 3

  Kotak Securities Bajaj Finserv
Account Type Trade Free Plan Bajaj Privilege Club
Fixed Charges Rs 9999 per year
Equity Delivery 0.25% or Rs 20 whichever is higher Rs 5 per order
Equity Intraday Free Rs 5 per order
Equity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 5 per order
Equity Options Delivery: Rs 20 per trade | Intraday: Free Rs 5 per order
Currency Futures Delivery: Rs 20 per trade | Intraday: Free
Currency Options Delivery: Rs 20 per trade | Intraday: Free
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free
Commodity Options Delivery: Rs 20 per trade | Intraday: Free
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Kotak Securities Charges Vs Bajaj Finserv

Minimum Brokerage Rs 21 per executed order Rs 5 for Equity Delivery & Intraday
Other Charges
Call & Trade Charges Rs 50 per call Rs 20 per trade

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Kotak Securities Vs Bajaj Finserv Transaction Charges

Kotak Securities transaction charges for options is NSE: 0.05% on Premium while Bajaj Finserv exchange transaction charges for options is NSE Rs 5325 per Cr (0.05325%) (on premium).

  Kotak Securities Bajaj Finserv
Equity Delivery NSE: 0.00325%, BSE: 0.00325% NSE Rs 345 per Cr (0.00345%) (each side)
Equity Intraday NSE: 0.00325%, BSE: 0.00325% NSE Rs 345 per Cr (0.00345%) (each side)
Equity Futures NSE: 0.0019% NSE Rs 225 per Cr (0.00225%)
Equity Options NSE: 0.05% on Premium NSE Rs 5325 per Cr (0.05325%) (on premium)
Currency Futures NSE: 0.0009%, BSE: 0.00022%
Currency Options NSE: 0.035%, BSE: 0.001%
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006%
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Kotak Securities Vs Bajaj Finserv Leverage (Margin)

Kotak Securities margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Bajaj Finserv margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Kotak Securities Bajaj Finserv
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Kotak Securities and Bajaj Finserv Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Bajaj Finserv offers BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website) trading software.

  Kotak Securities Bajaj Finserv
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) No Yes
Trading Platform Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website)
Intraday Square-off Time 3:15 PM
Trading In SME Shares Allowed? No
Referral Program
Other Features 3-in-1 account
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Kotak Securities Vs Bajaj Finserv Review

Kotak Securities is rated 2.4 of 5 based on 178 customer reviews whereas Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews.

  Kotak Securities Bajaj Finserv
  178 Customer Reviews    Rate Kotak Securities 13 Customer Reviews    Rate Bajaj Finserv
Fees 2.4 2.7
Brokerage 2.3 3.4
Trading Platform 3.2 3.0
Customer Service 2.8 2.8
Research Capabilities 2.4
Overall Ratings Rated 2.4 stars Rated 3.2 stars
Broker Rating Kotak Securities is rated 2.4 of 5 based on 178 customer reviews Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire Bajaj Finserv 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. Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!.

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Kotak Securities Vs Bajaj Finserv Investment Options

  Kotak Securities Bajaj Finserv
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options

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Kotak Securities Vs Bajaj Finserv Order Type Offered

  Kotak Securities Bajaj Finserv
Bracket Order Yes Yes
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes No
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No
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Kotak Securities Vs Bajaj Finserv Research Report

  Kotak Securities Bajaj Finserv
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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Kotak Securities Vs Bajaj Finserv Suitable For Investor Type

  Kotak Securities Bajaj Finserv
Casual Investor Yes
Active Investor Yes
Trader Yes

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Kotak Securities Vs Bajaj Finserv - Pros and Cons

  Kotak Securities Bajaj Finserv
Pros
  • Kotak Securities is a bank-based broker offering a 3-in-1 account.
  • Brokerage free intraday trading with online trading plans.
  • Zero brokerage across all segments for investors up to the age of 30 years.
  • Company is part of leading private bank (Kotak Mahindra Bank).
  • NEST trading platform is available for frequent traders.
  • Charges are lowest amoung bank-based brokers.
Cons
  • High Equity delivery brokerage charges.
  • High demat AMC changes (Rs 66 per month).
  • Kotak Securities website and mobile app is not as good as new age brokers like Zerodha and Upstox.
  • A widely advertised Zero Brokerage Plan is available only to investors up to the age of 30 years.
  • The customer has to pay a yearly plan subscription fee of Rs 499.
  • Very high brokerage in dealer-assisted brokerage plan.
  • Margin-funding facility causes confusion amount investors who ended up paying high interest charges unknowingly.
Reviews
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.

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Bajaj Finserv Special Offer

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • Flat Rs 10 Per Trade Brokerage (with Rs 2500 AMC)
  • Flat Rs 5 Per Trade Brokerage (with Rs 9999 AMC)

This is a limited-time offer. Simply leave your contact information with us and Bajaj Finserv representatives will contact you.

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