Wisdom Capital vs Kotak Securities Comparison: 2024

About Wisdom Capital

Start talking of the list of discount brokerages in India, it gets longer every day. And, this list sounds incomplete without adding Wisdom Capital brokerage firm. Since its inception in 2013, Wisdom Capital, an online brand of Ashlar Group of Companies is one of the fast evolving stock brokers in India. Being a discount broker, it offers a low-brokerage model coupled with advanced online trading facilities.

Wisdom Capital: An Overview

A popular online discount broker having an offline presence through 250+ franchises offering services in Equity, Futures & Options, commodities at BSE, NSE, MCX and NCDEX. You can trade in various market segments like NSE Cash, F&O, Commodity and Currency. But, you can't invest in IPO, FPO or Mutual funds through this platform.

Wisdom Capital provides 3 different brokerage plans:

  1. Freedom Plan

  2. Pro Plan

  3. Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)

However, the biggest attraction is its

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

Wisdom Capital vs Kotak Securities Account Opening Charges: 2024

ChargeWisdom CapitalKotak Securities
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹750
Trading Account AMC₹0₹0
Demat Account AMC₹999 (Lifetime Account)₹600 per year

Wisdom Capital vs Kotak Securities Brokerage Charges and Plans : 2024

ChargeWisdom CapitalKotak Securities
Plan NameUltimate PlanFixed Brokerage Plan
Equity Delivery0.007%0.49%
Equity Intraday0.007%0.049% (both side)
Equity Futures0.005%\t0.049% (both side)
Equity Options₹ 15/Lot₹300 per lot
Currency Futures₹9 per executed orderN/A
Currency Options₹9 per executed orderN/A
Commodity Options0.005%Futures 0.070%
Mutual FundN/AN/A

Wisdom Capital vs Kotak Securities Margin / Exposure: 2024

SegmentWisdom CapitalKotak Securities
Equity Delivery5x to 40x (as per brokerage plan)N/A
Equity Intraday5x to 40x (as per brokerage plan)N/A
Equity Future5x to 20x (as per brokerage plan)N/A
Equity Options5x to 40x (as per brokerage plan)N/A
Currency Future4x to 15x (as per brokerage plan)N/A
Currency Options4x to 15x (as per brokerage plan)N/A
Commodity Future5x to 20x (as per brokerage plan)N/A
Commodity OptionsN/AN/A

Wisdom Capital vs Kotak Securities Commodity Charges and Plans: 2024

Wisdom Capital charge 0.005% for commodity and Kotak Securities charge Futures 0.070% for commodity.
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