March 30, 2012 4:50 pm
Is Kotak Securities good for demat and trading ??
They have nice attractive packages.
Please advice me.
We at Kotak Securities offer various options suiting different needs of investors. You can opt for a Trinity 3-in-1 account that helps you enjoy benefits of Demat Account, Online Trading Account, and Bank Account on a single platform for a smooth investing experience. Do visit our website or facebook page http://www.facebook.com/#!/kotaksecurities/app_399139206764206 to leave your details and our customer service will get in touch with you for a plan that best suits you.
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It is charging low brokerage as compared to others.
3.5 p for intra day and derivatives and 35 p for delivery, and even less if i trade more.
AMC is 350 per year
However i will find out about the others..please do let me know about others if they charge less than this.
Thanks for the help
Dear chirag, So you are sure that you ‘ll indulge in day trading heavily. Are you aware of the risks involved? I’m neither recommending nor rejecting Kotak. As your query was intended to do day trading, that’s why I raised a word of caution.
Thanks for the advice ashal.
I have also found out about Angel Broking.
They are offering me a brokerage of 3p intra day and 30p delivery (brokerage only one side)
No A/c opening charges
No AMC (for the 1st year)
AMC of Rs. 250 (2nd year onwards)
Dear Chiraag, I’m not using Angel broking personally so can’t comment for it’s services & user interface & other related things. Please try to get some info from the existing customers of Angel. If you are satisfied with the performance & the fee structure, you may go ahead.
Assuming you are aware and understand the pitfalls of trading in the market the slippage (Brokerages etc.) is very high in places like Kotak. Opt for a low cost provider like Zerodha if you intend to trade in the market.
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