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.
|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|
|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 Options||0.06% on Premium||0.02%|
|Currency Options||0.06% on Premium||0.02%|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||Odin Diet||NA|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||Y||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||N||Y|
|Reports||Daily Market Report||Y||Y|
|Quarterly Analysis of Results||Y||NA|