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
SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.
Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.
It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat
Charge | Kotak Securities | SAMCO |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹750 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹600 per year | ₹400 |
Charge | Kotak Securities | SAMCO |
---|---|---|
Plan Name | Fixed Brokerage Plan | Standard |
Equity Delivery | 0.49% | ₹20 per executed order |
Equity Intraday | 0.049% (both side) | ₹20 per executed order |
Equity Futures | 0.049% (both side) | ₹20 per executed order |
Equity Options | ₹300 per lot | ₹20 per executed order |
Currency Futures | N/A | ₹20 per executed order |
Currency Options | N/A | ₹20 per executed order |
Commodity Options | Futures 0.070% | ₹20 per executed order |
Mutual Fund | N/A | N/A |
Segment | Kotak Securities | SAMCO |
---|---|---|
Equity Delivery | N/A | Upto 4x |
Equity Intraday | N/A | Upto 15x |
Equity Future | N/A | Upto 4x |
Equity Options | N/A | Upto 8x |
Currency Future | N/A | Upto 3x |
Currency Options | N/A | Upto 5x |
Commodity Future | N/A | Upto 5x |
Commodity Options | N/A | Upto 5x |