IIFL Securities vs Kotak Securities Comparison: 2024
About IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
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
IIFL Securities vs Kotak Securities Account Opening Charges: 2024
| Charge | IIFL Securities | Kotak Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹750 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 per year | ₹600 per year |
IIFL Securities vs Kotak Securities Brokerage Charges and Plans : 2024
| Charge | IIFL Securities | Kotak Securities |
|---|---|---|
| Plan Name | Flat Plan (FBP) | 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 | 1% of Premium or ₹100 per lot, whichever is high | ₹300 per lot |
| Currency Futures | 0.05% | N/A |
| Currency Options | 1% of Premium or ₹100 per lot, whichever is high | N/A |
| Commodity Options | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high | Futures 0.070% |
| Mutual Fund | N/A | N/A |
IIFL Securities vs Kotak Securities Margin / Exposure: 2024
| Segment | IIFL Securities | Kotak Securities |
|---|---|---|
| Equity Delivery | Upto 3x | N/A |
| Equity Intraday | Upto 20x | N/A |
| Equity Future | Upto 3x | N/A |
| Equity Options | Upto 3x | N/A |
| Currency Future | Upto 2x | N/A |
| Currency Options | Upto 2x | N/A |
| Commodity Future | Upto 3x | N/A |
| Commodity Options | N/A | N/A |