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Kotak Securities Vs SBI Securities (Compare Kotak Securities and SBI 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

SBICAP Securities Ltd Logo

About SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a... Know more about SBICAP Securities Ltd

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Kotak Securities Vs SBI 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 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India.

  Kotak Securities SBI Securities
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX, NCDEX BSE, NSE
Year of Incorporation 1994 2001
Number of Branches 153 117

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Kotak Securities Vs SBI Securities Charges & AMC

Kotak Securities trading account opening charges is Rs 0 (Free) while SBI Securities account opening changes is Rs 850. Kotak Securities Demat Account AMC Charges is Rs 600 and SBI Securities Demat Account AMC Charges is Rs 350.

  Kotak Securities SBI Securities
Trading Account Opening Charges Rs 0 (Free) Rs 850
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 600 Rs 350

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Kotak Securities Vs SBI Securities Brokerage

Kotak Securities brokerage charges for equity is 0.25% or Rs 20 whichever is higher and intraday is Free whereas SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05%.

Account Type Kotak Securities Trade Free Plan SBI Securities eZ-trade
Fixed Charges Rs 499 One Time
Equity Delivery 0.25% or Rs 20 whichever is higher 0.50%
Equity Intraday Free 0.05%
Equity Futures Delivery: Rs 20 per trade | Intraday: Free 0.05%
Equity Options Delivery: Rs 20 per trade | Intraday: Free Rs 100 per lot
Currency Futures Delivery: Rs 20 per trade | Intraday: Free 0.03%
Currency Options Delivery: Rs 20 per trade | Intraday: Free Rs 30 per lot
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free NA
Commodity Options Delivery: Rs 20 per trade | Intraday: Free NA
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.

Kotak Securities Vs SBI Securities Brokerage Plan 2

  Kotak Securities SBI Securities
Account Type Dealer Assisted Plan eZ-trade
Fixed Charges
Equity Delivery 0.39% 0.50%
Equity Intraday 0.039% 0.05%
Equity Futures 0.039% 0.05%
Equity Options Rs 39 per lot Rs 100 per lot
Currency Futures Rs 9 per lot 0.03%
Currency Options Rs 5 per lot Rs 30 per lot
Commodity Futures 0.039% NA
Commodity Options Rs 39 per lot NA

Kotak Securities Charges Vs SBI Securities

Minimum Brokerage Rs 21 per executed order Rs 0.05 for Cash, Rs 0.01 Future
Other Charges
Call & Trade Charges Rs 50 per call Rs 10 per call (after 30 free calls a month)

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Kotak Securities Vs SBI Securities Transaction Charges

Kotak Securities transaction charges for options is NSE: 0.05% on Premium while SBI Securities exchange transaction charges for options is NSE: 0.05515% (Rs 5515/Crore).

  Kotak Securities SBI Securities
Equity Delivery NSE: 0.00325%, BSE: 0.00325% NSE: 0.00386% | BSE: 0.00384%
Equity Intraday NSE: 0.00325%, BSE: 0.00325% NSE: 0.00386% | BSE: 0.00384%
Equity Futures NSE: 0.0019% NSE: 0.002206% (Rs 221/Crore)
Equity Options NSE: 0.05% on Premium NSE: 0.05515% (Rs 5515/Crore)
Currency Futures NSE: 0.0009%, BSE: 0.00022% 0.002206%
Currency Options NSE: 0.035%, BSE: 0.001% NSE: 0.05515% (Rs 5515/Crore)
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006%

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

  Kotak Securities SBI 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 SBI Securities Features

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

  Kotak Securities SBI Securities
3 in 1 Account Yes Yes
Charting Yes No
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) No
Trading Platform Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite SBI Smart Express, SBI Smart Web, SBI Smart Mobile
Intraday Square-off Time 2:45 PM
Trading In SME Shares Allowed?
Referral Program
Other Features 3-in-1 account

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Kotak Securities Vs SBI Securities Review

Kotak Securities is rated 2.4 of 5 based on 177 customer reviews whereas SBI Securities is rated 2.5 of 5 based on 153 customer reviews.

  Kotak Securities SBI Securities
  177 Customer Reviews    Rate Kotak Securities 153 Customer Reviews    Rate SBI Securities
Fees 2.4 3.1
Brokerage 2.3 2.7
Trading Platform 3.2 2.6
Customer Service 2.8 2.8
Research Capabilities 2.4 2.3
Overall Ratings Rated 2.4 stars Rated 2.5 stars
Broker Rating Kotak Securities is rated 2.4 of 5 based on 177 customer reviews SBI Securities is rated 2.5 of 5 based on 153 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire SBI 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. 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 SBI Securities Investment Options

  Kotak Securities SBI Securities
Stock / Equity Yes Yes
Commodity Yes No
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 SBI Securities Order Type Offered

  Kotak Securities SBI Securities
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
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 SBI Securities Research Report

  Kotak Securities SBI 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 SBI Securities Suitable For Investor Type

  Kotak Securities SBI Securities
Casual Investor Yes Yes
Active Investor Yes
Trader

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Kotak Securities Vs SBI Securities - Pros and Cons

  Kotak Securities SBI 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.
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
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.
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.
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

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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