Sharekhan Vs Kotak Securities Comparision
Kotak Securities Ltd (a subsidiary company of Kotak Mahindra Bank) founded in 1994, offers stock-broking, mutual fund, insurance, commercial banking, to an individual as well as NRI investors. As per the classification, it is a full-service broker house having 1329 branches & more than 13 lakh customers.
Whereas, Sharekhan is notable for being customer service friendly. Sharekhan is also a full-service brokerage house offering a huge variety of products to the customers.
As per the updated information, it has more than 19 lakhs customers with 2800 branches all over India.
Features:
SHAREKHAN:
- Famed up for providing a detailed market trend report.
- It has a minimum brokerage charge.
- Provides margin funding
- Don’t charge account opening for Trading & DEMAT.
KOTAK SECURITIES:
- It provides a DEMAT account for free.
- The minimum brokerage charge is free.
- It has many branches and a good number of the customer base.
- Provides a 3-in-1 account to the customer.
Relative assessment on Service:
Both Sharekhan & Kotak Securities are famed for their services. We have compared them marking their service with stars. Go through the below table for details:
| Particulars | Kotak Securities | Sharekhan |
| Overall mark | ★★★★ | ★★★★ |
| Marks on Brokerage Charges | ★★ | ★★ |
| Marks on Trading Platform | ★★★★ | ★★★★★ |
| Marks on Investments Offering | ★★★★★ | ★★★★★ |
| Marks on Customer Service | ★★★ | ★★★★ |
| Category of Broker Type | Full-service Broker | Full-service Broker |
| Listed under SE | BSE, NSE, MCX-SX, MCX, NCDEX | BSE, NSE, MCX, NCDEX, NSEL |
AMC & Account opening charge:
Kotak Securities charge for opening trading account whether the DEMAT account opening is free. Also here is the charge for DEMAT account AMC, whereas trading account AMC is free.
Sharekhan offers both trading & DEMAT account opening for free. They also offer Trading account AMC for free, but the AMC for the DEMAT account is chargeable.
| Charges | Kotak Securities | Sharekhan |
| Account Opening Fees- Trading | INR. 750/- | ZERO |
| AMC: Trading | ZERO | ZERO |
| Account Opening Fees- DEMAT | ZERO | ZERO |
| AMC: DEMAT | INR. 600/- p.a. | INR. 400/- p.a. (Waived for 1st year) |
| Provide DP Service | YES | YES |
Relative assessment on Brokerage Plan:
Where Kotak Securities don’t have any of the plans (Multiple, Monthly or yearly) plans to offer, Sharekhan has only the multiple plan options for the traders.
| Plan Types | Kotak Securities | Sharekhan |
| Multiple Plans | NO | YES |
| Monthly Plans | NO | NO |
| Yearly Plans | NO | NO |
Sharekhan Vs Kotak Securities Brokerage Charge:
Sharekhan & Kotak Securities both offer a percentage-based brokerage plan. Also, both broker houses don’t have any hidden charges.
The minimum brokerage charge for Sharekhan is INR. 20/- whereas, minimum brokerage charge for Kotak Securities is INR. 21/-. Details mentioned hereunder:
| Particulars | Kotak Securities | Sharekhan |
| Plan Name | Fixed Brokerage Trading Plan (Percentage Based) | Classic Trading Plan (Percentage Based) |
| Equity Delivery | 0.49% or 0.49 Rupees | 0.5% or 0.5 Rupees |
| Equity Intraday | 0.049% or 0.05 Rupees | 0.1% or 0.1 Rupees |
| Equity Futures | 0.049% or 0.05 Rupees | 0.1% or 0.1 Rupees |
| Equity Options | 300 Rupees Per Lot | 2.5% of Premium or 250 Rupees per lot whichever is higher |
| Currency Futures | 0.02% or 10 Rupees per lot whichever is higher | 0.1% or 0.1 Rupees |
| Currency Options | 10 Rupees Per Lot | 2.5% of Premium or 30 Rupees per lot whichever is high |
| Commodity Trading | NA | 0.1% or 0.1 Rupees |
| Minimum Brokerage | 21 Rupees per executed order | 20 Rupees |
| Hidden Charges | No | No |
| Funding | Yes – 18% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | 20 calls Free and after that 20 Rupees per call | Free |
Compare Account Feature:
Sharekhan & Kotak Securities offer ample of features associated with the account. The details are mentioned hereunder:
| Particulars | Kotak Securities | Sharekhan |
| 3 in 1 Account | ✔ | ✖ |
| Charting | ✔ | ✔ |
| ALGO Trading | ✖ | ✖ |
| SMS Alerts | ✔ | ✔ |
| Online Demo | ✔ | ✔ |
| Online Portfolio | ✔ | ✔ |
| Margin Trading Funding Available | ✖ | ✔ |
| Combined Ledger for Equity and Commodity | ✖ | ✔ |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| NRI Trading | ✔ | ✔ |
| Other Features | Trading software terminal: Keat Pro X | NIL |
Trading Platform Comparison
We here compared Sharekhan & Kotak Securities based on their trading platform offering. Both the broking house enables the customer to choose their convenient way of trading from the various options.
| Particulars | Kotak Securities | Sharekhan |
| Desktop Trading Platform | KEAT Pro X | TradeTiger |
| Desktop Platform (Windows) Option | ✔ | ✔ |
| Desktop Platform (Mac) Option | ✖ | ✖ |
| Web Trading Platform Option | ✔ | ✔ |
| Web Trading Detail Facility | www.kotaksecurities.com/itrade/user /welcome.exe?action=chk_seckey_stat | www.sharekhan.com/ |
| Mobile Site Availability | ✖ | ✔ |
| Mobile Trading Availability | ✔ | ✔ |
| Mobile Trading App Facility | Kotak Stock Trader | Sharekhan |
| Android Mobile App Facility | ✔ | ✔ |
| iPhone Mobile App (IOS) Facility | ✔ | ✔ |
| Android Tablet App Facility | ✔ | ✔ |
| iPad App (IOS) Facility | ✔ | ✔ |
| Trading Software Charges | Yes, DirectTrade -2999 Rupees/annum | Free |
Customer Support:
Sharekhan is a very customer-oriented broking house. So, as Kotak Securities. Both the organization offers many kinds of the customer assistance program.
| Particulars | Kotak Securities | Sharekhan |
| 24/7 Customer Service | ✖ | ✖ |
| Email Support | ✔ | ✔ |
| Online Live Chat | ✔ | ✔ |
| Phone Support | ✔ | ✔ |
| Toll-free Number | ✔ | ✔ |
| Through Branches | ✔ | ✔ |
| Customer Care Number | 18002099191/1800222299/18002099292 | 1800227500 |
| Account Opening Process | Offline | Offline |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Center | www.kotaksecurities.com/ksweb/faqs /Equity/equity-market-faqs | www.sharekhan.com/help/hello |
| Head Office Address | 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 | Sharekhan Limited, 10th Floor, Beta Building, Lodha iThink Techno Campus, Kanjurmarg (East), Mumbai-MH– 400042 |
| Website | www.kotaksecurities.com | www.sharekhan.com |
Sharekhan Vs Kotak Securities DEMAT account feature:
Demat account opening is the basic step to start trading. The facility to open this account differs from the policies of the company.
Sharekhan & Kotak Securities both offer DEMAT accounts for investors. The amenities offered can be compared as below:
| Particulars | Kotak Securities | Sharekhan |
| DP Source | CDSL | CDSL |
| DP ID | 49200 | 36000 |
| DEMAT Account (AMC) | Monthly Plan –65 Rupees (Up to 10 Transaction), INR.50 (between 11 to 30 transaction), 35 Rupees (above 30 transactions) | 500 Rupees p.a. |
| Advance Deposit | NA | 500 Rupees Advance which will be adjusted against billing (Optional). Tariff D-“Deposit 2999 Rupees (refund of deposit 2000 Rupees on closure) |
| Statutory charges | Nil | Actual Stamp Paper Charges |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min 27 Rupees) + CDSL charges | 0.03% (Min 30 Rupees) + 5.50 Rupees (CDSL Charges) |
| Demat | 3 Rupees per certificate + 50 Rupees courier charges | 5 Rupees per certificate (Min 50 per request) |
| Remat | 10 Rupees for every hundred securities (Min 15 Rupees) | 50 Rupees per certificate or 50 Rupees for every hundred securities |
| Pledge Creation | 0.05% of the transaction value (Min 30 Rupees) | 0.03% (Min 100 Rupees) |
| Pledge Creation Confirmation | 0.05% of the transaction value (Min 30 Rupees) | Nil |
| Pledge Closure | 0.05% of the transaction value (Min 30 Rupees) | Nil |
| Pledge Closure Confirmation | 0.05% of the transaction value (Min 30 Rupees) | Nil |
| Pledge Invocation | 0.05% of the transaction value (Min 30 Rupees) | Nil |
| Failed Instruction Charges | Nil | Nil |
| Other Charges | Nil | Freeze/De-freeze – 25 Rupees per transaction Stock lending & Borrowing – 0.02% of the value of the transaction per request (minimum 100 Rupees) Client Master changes 30 Rupees per request |
Conclusion:
From the above-mentioned assessment, we can conclude that both Sharekhan & Kotak Securities Ltd are a large stakeholder in the finance broking market. Both are quite equivalent in terms of their offering, products, research, facilities, etc.
But for investing it’s very important to study each detail carefully. Proper monitoring of market trends & product offering is the key to take a wise investment decision.
