Alice Blue vs Kotak Securities Comparison: 2024
About Alice Blue
A Bangalore based discount broker, Alice Blue is working hard to get ahead in the list of discount brokers in India. Of course, it isn't that easy to maintain a stronghold amid other key players in the stock broker world. However, it's brokerage free equity delivery model is catching the attention of potential traders.
Alice Blue is an online stockbroker and one of the oldest stockbrokers in the Indian capital market. This modern, technology-driven firm was incorporated in 2006 with the vision to provide advanced broking services to its clients and stakeholders. The USP of Alice Blue is the cost-free broking solutions they provide. With zero trading charges and dedicated customer support services, Alice Blue Stock Broking firm stands out in the Stock market as exemplary.
Alice Blue: Overview
Founded by Sidhavelayutham M. in Bangalore who is now CEO of the company introduced the concept of professional marketing of broking services
About Kotak Securities
Kotak Mahindra Bank is a renowned bank that has well-established itself in the country and a pioneer in embracing newer technological implementations in the banking sector. It has thrived in offering surplus services and features to its customers to simplify the overall banking process.
With this, Kotak Mahindra also offers Kotak Securities, a subsidiary under its name that provides traders and investors alike to trade in the Stock Market. As a broker, it provides quite an impressive array of features and services, which does come in handy while trading and investing in the stock market.
Kotak Securities: An Overview of the Stock Broker
Established in 1994 in Mumbai, Kotak Securities comes under Kotak Mahindra Bank and offers services related to investing and trading in the stock market. Financial services are also included. The bank is targeted primarily towards India and has a broad chain of outlets that spans 1209 branches handling well
Alice Blue vs Kotak Securities Account Opening Charges: 2024
| Charge | Alice Blue | Kotak Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | Equity ₹310, MCX ₹200 & ₹500 All segments | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 | ₹600 per year |
Alice Blue vs Kotak Securities Brokerage Charges and Plans : 2024
| Charge | Alice Blue | Kotak Securities |
|---|---|---|
| Plan Name | Freedom 15 Plan | Fixed Brokerage Plan |
| Equity Delivery | ₹0 | 0.49% |
| Equity Intraday | ₹15 per order or 0.01% whichever is lower | 0.049% (both side) |
| Equity Futures | ₹15 per order or 0.01% whichever is lower | 0.049% (both side) |
| Equity Options | ₹15 per order | ₹300 per lot |
| Currency Futures | ₹15 per order or 0.01% whichever is lower | N/A |
| Currency Options | ₹15 per order | N/A |
| Commodity Options | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order | Futures 0.070% |
| Mutual Fund | N/A | N/A |
Alice Blue vs Kotak Securities Margin / Exposure: 2024
| Segment | Alice Blue | Kotak Securities |
|---|---|---|
| Equity Delivery | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | N/A |
| Equity Intraday | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x | N/A |
| Equity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | N/A |
| Equity Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | N/A |
| Currency Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | N/A |
| Currency Options | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x | N/A |
| Commodity Future | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x | N/A |
| Commodity Options | N/A | N/A |