Religare vs Kotak Securities – Point by Point Comparison

The primary point to be noted when comparing Religare and Kotak Securities is that both are full service brokers.

Religare charges Rs.500 to open a trading account while Kotak Securities charges you Rs.750. Both do not charge you for the account’s maintenance or to open a Demat account but you will be charged Rs. 300 by Religare and Rs. 600 by Kotak Securities as annual maintenance charges of your Demat account.

The brokerage charges cannot be talked about in general. While both firms charge the same 0.05% as Equity Intraday charges and Equity Future charges, Religare charges Rs.70 per lot and 0.05% as Equity Options charges and Commodity charges and Kotak Securities charges Rs.100 and 0.07% for both. The minimum brokerage charges of Religare are Rs.0.01 per share whereas it is Rs.21 per executed order for Kotak Securities.

Kotak Securities features 3-in-1 accounts and Online Live Chat, both of which are not featured by Religare. The investment services of Religare include debt whereas it is not included in the case of Kotak Securities.

Religare, founded in 1984 as part of Religare Enterprises, is an emerging financial firm whereas Kotak Securities was founded in 1994 and is a more popular firm.

    Religare Kotak Securities
Basic Information Type of Broker Full Service Broker Full Service Broker
Exchanges BSE, NSE, MCX & NCDEX BSE, NSE, MCX, MCX-SX & NCDEX
Fees for Opening Trading Account Rs. 500 Rs. 750
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 600
Brokerage Charges Equity Delivery Charges 0.50% 0.49%
Equity Intraday Charges 0.05% 0.05%
Equity Future Charges 0.05% 0.05%
Equity Options Charges Rs. 70 per lot Rs. 100
Currency Futures Charges 0.05% NA
Currency Options Charges Rs. 30 per lot NA
Commodity Charges 0.05% 0.07%
Minimum Brokerage Charges Re. 0.01 per share Rs. 21 per executed order
Transaction Charges Equity Delivery 0.00% 0.10%
Equity Intraday 0.00% 0.025% on selling ledger
Equity Futures 0.00% 0.01%
Equity Options 0.06% on Premium 0.02%
Currency Futures 0.00% 0.01%
Currency Options 0.06% on Premium 0.02%
Commodity 0.00% 0.00%
Features 3-in-1 Account N Y
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y Y
Online Demo Y Y
Online Portfolio Y Y
Trading Platform Odin Diet NA
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y N
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y NA

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