Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
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 | Upstox | Kotak Securities |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹249 | ₹750 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 per year (paid monthly) | ₹600 per year |
Charge | Upstox | Kotak Securities |
---|---|---|
Plan Name | Basic | Fixed Brokerage Plan |
Equity Delivery | ₹0 (FREE) | 0.49% |
Equity Intraday | ₹20 per trade or 0.05% (whichever is lower) | 0.049% (both side) |
Equity Futures | ₹20 per trade or 0.05% (whichever is lower) | 0.049% (both side) |
Equity Options | ₹20 per trade or 0.05% (whichever is lower) | ₹300 per lot |
Currency Futures | ₹20 per trade or 0.05% (whichever is lower) | N/A |
Currency Options | ₹20 per trade or 0.05% (whichever is lower) | N/A |
Commodity Options | ₹20 per trade or 0.05% (whichever is lower) | Futures 0.070% |
Mutual Fund | N/A | N/A |
Segment | Upstox | Kotak Securities |
---|---|---|
Equity Delivery | 1x (no margin) | N/A |
Equity Intraday | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x | N/A |
Equity Future | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x | N/A |
Equity Options | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x | N/A |
Currency Future | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x | N/A |
Currency Options | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x | N/A |
Commodity Future | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x | N/A |
Commodity Options | N/A | N/A |