ShareKhan vs Kotak Securities – Point by Point Comparison

Have an eye for Online Share Trading and want a comparison between two full service brokers- Sharekhan and Kotak Securities? Well, to start off with, both have the same opening trading account fees but no fees for opening De-mat account.

Both brokers offer features and investment services like mobile trading, SMS alerts, online demo and portfolio, commodity, currency, mutual funds and IPO. Kotak securities offer “3-in-1 account” which is not provided by Sharekhan brokers. Sharekhan provides the exclusive “trade Tiger” trading platform, which on the other hand is not applicable to Kotak Securities. You can expect daily market reports, online live chat and branch support from both. One great boon of Kotak security is that there is no charge on maintaining the trading account annually.

With de-mat account maintenance charges being low in Sharekhan brokerage; it also accounts Rs 100 per contract or 2.5% on the premium (whichever is higher). However, currency futures charges and currency options charges are exempted by Kotak Securities. The equity intraday and future charges vary from 0.10% in Sharekhan to 0.05% in Kotak securities brokerage. Note that being a full service broker, brokerage charged by them is higher than that of a discount broker.

ShareKhan Kotak Securities
Basic Information Type of Broker Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 750 Rs. 750
Annual Maintenance Charges of Trading Account Rs. 450 Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 600
Brokerage Charges Equity Delivery Charges 0.50% 0.49%
Equity Intraday Charges 0.10% 0.05%
Equity Future Charges 0.10% 0.05%
Equity Options Charges Rs. 100 per lot or 2.5% on premium, whichever is higher Rs. 100
Currency Futures Charges 0.10% NA
Currency Options Charges Rs. 100 per lot or 2.5% on premium, whichever is higher NA
Commodity Charges 0.10% 0.07%
Minimum Brokerage Charges Rs. 0.10 per share Rs. 21 per executed order
Transaction Charges Equity Delivery 0.1% from both sides 0.10%
Equity Intraday 0.03% 0.025% on selling ledger
Equity Futures 0.17% from selling side 0.01%
Equity Options 0.017% on premium from selling side 0.02%
Currency Futures 0.17% from selling side 0.01%
Currency Options 0.017% on premium from selling side 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 Trade Tiger 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 Y Y
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y NA

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