Kotak Trade Free Plan

If you are looking for a plan with low brokerage and top-class services, then Kotak trade free plan is a perfect solution for you. 

It can be said that one of the Kotak demat account benefits is to reap the facility of the trade-free plan where the broker charges ₹0 for all intraday trades. 

We bring you a complete review of the new Kotak Securities Trade Free Plan, so keep reading. 

Kotak Trade Free Plan Review

The Trade Free Plan of Kotak Securities has marked a new wave in the stockbroker world as Kotak Securities announced that it would charge no amount for intraday trading on all the segments. 

It is quick and convenient as it is guaranteeing you the Kotak Securities account opening procedure within only 60 minutes. Worth trying?

There are various things that you get access to when you subscribe to the plan for Kotak trading. Let us discuss some of these points in detail.

▶️ Zero Brokerage for Intraday Trades- The first prominent, eye-catching feature of this plan is its free intraday trading plans across all segments, be it Equity (Cash), Currency and Commodity, and Equity Derivatives (F&O). 

▶️ Pick the right stocks- If you subscribe to the plan, you get an added advantage of in-depth research and the right stocks chosen by specialized analysts.

▶️ No Capping – This simply means that there is no limit on the number of free intraday trades you can carry. You can enjoy unlimited free intraday trades not just in one but all the segments. 

▶️ No account opening charges- You can open your account and begin your trading journey at absolutely no cost. 

▶️ Kotak Trinity Account – You get to avail the benefit of a 3-in-1 Demat account with your trading and bank account included. 

Investors often wonder who is eligible to be a part of the trade free plan. Any person who has a Kotak Demat account is eligible to avail of the services. There are some exceptions to it, like the ‘offline’ customer mode and the non-Indian residents.

There are some exceptions to it, like the ‘offline’ customer mode and the non-Indian residents. 

You can subscribe to this plan once and enjoy the benefits for a lifetime till the time you don’t willingly discontinue the plan. Even if you discontinue the plan and want to start afresh, you can do that without any renewal fees. 

Now that we have a basic idea about the plan let us move forward and look at the different Kotak securities trade free plan charges. 

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Kotak Trade Free Plan Charges

Although there are no charges on intraday trading, there are various other charges that are levied on this plan. We will discuss all the charges in the upcoming section of this article. 

There are no account opening charges on the Trade free plan, and you can start trading within 60 minutes of opening your trading account with Kotak Securities.

Let us now discuss these charges in detail. 

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Kotak Trade Free Plan Intraday Charges

Intraday trading is a common method amongst traders wherein they buy and sell the shares on the same day. Kotak Securities has made a revolutionary step by making this segment of trading accessible.

The different charges for intraday trading are tabulated below:

 

For MIS (Margin Intraday Square off) and Super Multiple ₹20 on every executed order. 

If you are not willing to square off your trade by the end of the day, you can easily convert it from intraday to delivery. You can even carry it forward to futures & options. But then, you need to remember that Kotak Securities Option brokerage and also the Kotak Securities Futures brokerage are much heavier than their Intraday trading cousin.

In this case, you will have to pay a brokerage of ₹20 on every position in f&o and 0.25% of your entire transaction value in the case of cash segments. 

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Kotak Securities Delivery Brokerage Charges

Kotak trade free plan charges no brokerage for intraday trading, but it charges 0.25% brokerage for delivery trading for the equity and the commodity section.

We would strongly recommend you to check out this detailed review on Kotak Commodity brokerage charges.

Apart from this, various other delivery charges form a part of the Kotak trade-free plan.

The same are listed in the table below:

 

You are suggested to check out the Kotak Securities Intraday charges separately so that you don’t get any surprises later.

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Kotak Trade Free Plan Transaction Charges

In addition to all the charges, there are also Kotak trade free plan transaction charges. These are the percentage-based charges that are according to the segments and are levied on your trade value. 

The Kotak trade free plan transaction charges are listed below:

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STT Charges in Kotak Securities

There is another form of charges levied by SEBI on each transaction you place in the stock market i.e. STT. It is also termed as the Securities and transaction tax.

These charges are a small percentage of the total turnover value of your trade. Here are the details:

 

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Kotak Trade Free Plan Brokerage Calculator

It can sometimes get a little confusing and difficult for the investors to figure out the actual brokerage on a trade. To make the work more accessible and convenient, a brokerage calculator comes in handy. 

You just have to select the segment, buy price, number of shares, sell price, and your state. The brokerage charges are calculated accordingly.

Along with this, you also get the STT charges, transaction charges, stamp duty charges, and the GST that you will be charged. 

So, now with this brokerage calculator, you don’t have to worry about getting wrong assumptions about the brokerage you will be charged.

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Conclusion 

Kotak Securities has been one popular stockbroker in the market. The Kotak Trade free plan is an added advantage. 

If you are looking for a full-service and affordable broker, then this is the best for you.

With free intraday trading and other nominal charges, trading could be fun! 

We hope that we were able to answer your question, what is the Kotak trade free plan in this article.

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So open your Kotak demat account today and start trading! 

 

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