IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
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.
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
Charge | IDBI Direct | Kotak Securities |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹500 (one-time) | ₹750 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹450 p.a. | ₹600 per year |
Charge | IDBI Direct | Kotak Securities |
---|---|---|
Plan Name | Standard Plan | Fixed Brokerage Plan |
Equity Delivery | 0.50% | 0.49% |
Equity Intraday | 0.05% | 0.049% (both side) |
Equity Futures | 0.05% | 0.049% (both side) |
Equity Options | ₹100 per lot | ₹300 per lot |
Currency Futures | N/A | N/A |
Currency Options | N/A | N/A |
Commodity Options | N/A | Futures 0.070% |
Mutual Fund | N/A | N/A |
Segment | IDBI Direct | Kotak Securities |
---|---|---|
Equity Delivery | Nil | N/A |
Equity Intraday | Upto 4x | N/A |
Equity Future | Nil | N/A |
Equity Options | Nil | N/A |
Currency Future | N/A | N/A |
Currency Options | N/A | N/A |
Commodity Future | N/A | N/A |
Commodity Options | N/A | N/A |