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Kotak Securities Vs Indira Securities (Compare Kotak Securities and Indira Securities)

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

Indira Securities Pvt Ltd Logo

About Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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Kotak Securities Vs Indira Securities

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 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

  Kotak Securities Indira Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE, MCX and NCDEX
Year of Incorporation 1994 1987
Number of Branches 153 335

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Kotak Securities Vs Indira Securities Charges & AMC

Kotak Securities trading account opening charges is Rs 0 (Free) while Indira Securities account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year).

  Kotak Securities Indira Securities
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0 (Free)
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 600 Rs 450 (Free for 1st year)

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Kotak Securities Vs Indira Securities Brokerage

Kotak Securities brokerage charges for equity is 0.25% or Rs 20 whichever is higher and intraday is Free whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

Account Type Kotak Securities Trade Free Plan Indira Securities Traditional Plan
Fixed Charges Rs 499 One Time NA
Equity Delivery 0.25% or Rs 20 whichever is higher 0.10%
Equity Intraday Free 0.01%
Equity Futures Delivery: Rs 20 per trade | Intraday: Free 0.01%
Equity Options Delivery: Rs 20 per trade | Intraday: Free Rs 25 per lot (both side)
Currency Futures Delivery: Rs 20 per trade | Intraday: Free 0.01%
Currency Options Delivery: Rs 20 per trade | Intraday: Free Rs 25 per lot (both side)
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free 0.01%
Commodity Options Delivery: Rs 20 per trade | Intraday: Free Rs 25 per lot (both side)
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: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Kotak Securities Vs Indira Securities Brokerage Plan 2

  Kotak Securities Indira Securities
Account Type Dealer Assisted Plan Discount Brokerage Plan
Fixed Charges NA
Equity Delivery 0.39% Rs 20 per executed order
Equity Intraday 0.039% Rs 20 per executed order
Equity Futures 0.039% Rs 20 per executed order
Equity Options Rs 39 per lot Rs 20 per executed order
Currency Futures Rs 9 per lot Rs 20 per executed order
Currency Options Rs 5 per lot Rs 20 per executed order
Commodity Futures 0.039% Rs 20 per executed order
Commodity Options Rs 39 per lot Rs 20 per executed order

Kotak Securities Charges Vs Indira Securities

Minimum Brokerage Rs 21 per executed order Rs 20 per executed order
Other Charges
Call & Trade Charges Rs 50 per call Rs 0 (Free)

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Kotak Securities Vs Indira Securities Transaction Charges

Kotak Securities transaction charges for options is NSE: 0.05% on Premium while Indira Securities exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium).

  Kotak Securities Indira Securities
Equity Delivery NSE: 0.00325%, BSE: 0.00325% NSE Rs 325 per Cr (0.00325%)
Equity Intraday NSE: 0.00325%, BSE: 0.00325% NSE Rs 325 per Cr (0.00325%)
Equity Futures NSE: 0.0019% NSE Rs 190 per Cr (0.0019%)
Equity Options NSE: 0.05% on Premium NSE Rs 5000 per Cr (0.05%) (on premium)
Currency Futures NSE: 0.0009%, BSE: 0.00022% NSE Rs 120 per Cr (0.0012%)
Currency Options NSE: 0.035%, BSE: 0.001% NSE Rs 500 per Cr (0.005%) (on premium)
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)

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Kotak Securities Vs Indira Securities Leverage (Margin)

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

  Kotak Securities Indira Securities
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 Indira Securities Features

The trading platforms offered Kotak Securities include Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite. Indira Securities offers ODIN trading software.

  Kotak Securities Indira Securities
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading Yes Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes No
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 ODIN
Intraday Square-off Time 3:15 PM
Trading In SME Shares Allowed?
Referral Program Yes
Other Features 3-in-1 account

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Kotak Securities Vs Indira Securities Review

Kotak Securities is rated 2.4 of 5 based on 177 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 4 customer reviews.

  Kotak Securities Indira Securities
  177 Customer Reviews    Rate Kotak Securities 4 Customer Reviews    Rate Indira Securities
Fees 2.4 2.8
Brokerage 2.3 4.0
Trading Platform 3.2 4.0
Customer Service 2.8 3.8
Research Capabilities 2.4 4.3
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating Kotak Securities is rated 2.4 of 5 based on 177 customer reviews Indira Securities is rated 4.0 of 5 based on 4 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire Indira Securities 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. FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

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Kotak Securities Vs Indira Securities Investment Options

  Kotak Securities Indira Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options

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Kotak Securities Vs Indira Securities Order Type Offered

  Kotak Securities Indira Securities
Bracket Order Yes Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No

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Kotak Securities Vs Indira Securities Research Report

  Kotak Securities Indira Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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Kotak Securities Vs Indira Securities Suitable For Investor Type

  Kotak Securities Indira Securities
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Kotak Securities Vs Indira Securities - Pros and Cons

  Kotak Securities Indira Securities
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.
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
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.
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
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.

Open Instant Demat Account Read Reviews

Indira Securities Special Offer

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.


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