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:
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Freedom Plan
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Pro Plan
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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
| Charge | Wisdom Capital | Kotak 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
| Charge | Wisdom Capital | Kotak Securities |
|---|---|---|
| Plan Name | Ultimate Plan | Fixed Brokerage Plan |
| Equity Delivery | 0.007% | 0.49% |
| Equity Intraday | 0.007% | 0.049% (both side) |
| Equity Futures | 0.005%\t | 0.049% (both side) |
| Equity Options | ₹ 15/Lot | ₹300 per lot |
| Currency Futures | ₹9 per executed order | N/A |
| Currency Options | ₹9 per executed order | N/A |
| Commodity Options | 0.005% | Futures 0.070% |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs Kotak Securities Margin / Exposure: 2024
| Segment | Wisdom Capital | Kotak Securities |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | N/A |
| Equity Intraday | 5x to 40x (as per brokerage plan) | N/A |
| Equity Future | 5x to 20x (as per brokerage plan) | N/A |
| Equity Options | 5x to 40x (as per brokerage plan) | N/A |
| Currency Future | 4x to 15x (as per brokerage plan) | N/A |
| Currency Options | 4x to 15x (as per brokerage plan) | N/A |
| Commodity Future | 5x to 20x (as per brokerage plan) | N/A |
| Commodity Options | N/A | N/A |