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Kotak Securities Vs Groww (Compare Kotak Securities and Groww)

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 Research SMS, margin trading, depository services and third-party products like insurance. The company also provides direct access to the US markets. Kotak Securities is a subsidiary of Kotak Mahindra Bank, one ... Know more about Kotak Securities Ltd

Nextbillion Technology pvt ltd Logo

About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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Kotak Securities Vs Groww

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 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Kotak Securities Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX NSE and BSE
Year of Incorporation 1994 2016
Number of Branches 153 0
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Kotak Securities Vs Groww Charges & AMC

Kotak Securities trading account opening charges is Rs 99 while Groww account opening changes is Rs 0 (Free). Kotak Securities Demat Account AMC Charges is Rs 600 and Groww Demat Account AMC Charges is Rs 0.

  Kotak Securities Groww
Trading Account Opening Charges Rs 99 Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 600 Rs 0

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Kotak Securities Vs Groww Brokerage

Kotak Securities brokerage charges for equity is 0.25% (Minimum Rs 20 per trade) and intraday is Free whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type Kotak Securities Trade Free Plan Groww Standard Plan
Fixed Charges NA
Equity Delivery 0.25% (Minimum Rs 20 per trade) Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Free Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order
Equity Options Delivery: Rs 20 per trade | Intraday: Free Rs 20 per executed order
Currency Futures Delivery: Rs 20 per trade | Intraday: Free NA
Currency Options Delivery: Rs 20 per trade | Intraday: Free NA
Commodity Futures Delivery: Rs 20 per trade | Intraday: Free NA
Commodity Options Delivery: Rs 20 per trade | Intraday: Free NA
Special Offer
Special Offer: Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now

Zerodha (Flat Rs 20 Per Trade)

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 Groww Brokerage Plan 2

  Kotak Securities Groww
Account Type Dealer Assisted Plan Standard Plan
Fixed Charges Rs 499 (One Time) NA
Equity Delivery 0.39% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.039% Rs 20 per executed order or 0.05% whichever is lower
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 NA
Currency Options Rs 5 per lot NA
Commodity Futures 0.039% NA
Commodity Options Rs 39 per lot NA
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Kotak Securities Charges Vs Groww

Minimum Brokerage Rs 21 per executed order Rs 20 or 0.05% per executed order
Other Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 50 per call NA

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Kotak Securities Vs Groww Transaction Charges

Kotak Securities transaction charges for options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) while Groww exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium).

  Kotak Securities Groww
Equity Delivery NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium)
Currency Futures NSE Rs 95 per Cr (0.00095%) | BSE Rs 22 per Cr (0.00022%)
Currency Options NSE Rs 3700 per Cr (0.037%) | BSE Rs 100 per Cr (0.001%) (on premium) (on premium)
Commodity MCX (for Agri & Non Agri): 0.0026%, NCDEX: 0.006% | Commodity Options: MCX : 0.05% & 0 for NCDEX NA
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Kotak Securities Vs Groww Leverage (Margin)

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

  Kotak Securities Groww
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 Groww Features

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

  Kotak Securities Groww
3 in 1 Account Yes No
Charting Yes Yes
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 No
Margin Against Shares (Equity F&O) No No
Trading Platform Website, KEAT ProX Trading Terminal, Kotak Stock Trader (Mobile App), Fastlane, Xtralite Groww
Intraday Square-off Time 3:10 PM
Trading In SME Shares Allowed? No
Referral Program
Other Features 3-in-1 account
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Kotak Securities Vs Groww Review

Kotak Securities is rated 2.4 of 5 based on 197 customer reviews whereas Groww is rated 3.9 of 5 based on 93 customer reviews.

  Kotak Securities Groww
  197 Customer Reviews    Rate Kotak Securities 93 Customer Reviews    Rate Groww
Fees 2.4 4.3
Brokerage 2.3 3.9
Trading Platform 3.2 3.9
Customer Service 2.8 3.6
Research Capabilities 2.7 3.2
Overall Ratings Rated 2.4 stars Rated 3.9 stars
Broker Rating Kotak Securities is rated 2.4 of 5 based on 197 customer reviews Groww is rated 3.9 of 5 based on 93 customer reviews

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Contact Broker / Request A Call Back

  Kotak Securities Enquire Groww Enquire
Contact Broker Kotak Securities - Pay ZERO Intraday Brokerage + F&O Rs 20 per trade. Open Instant Account Now 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 Groww Investment Options

  Kotak Securities Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits

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Kotak Securities Vs Groww Order Type Offered

  Kotak Securities Groww
Bracket Order Yes No
Cover Order Yes No
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 Groww Research Report

  Kotak Securities Groww
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 Groww Suitable For Investor Type

  Kotak Securities Groww
Casual Investor Yes Yes
Active Investor Yes
Trader

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Kotak Securities Vs Groww - Pros and Cons

  Kotak Securities Groww
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.
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
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.
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • Doesn't offer trading in SME shares.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

Promo / Offers

Kotak Securities Special Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

  • Brokerage-Free Intraday trades (Equity and F&O).
  • Flat Rs. 20 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

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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