Upstox Vs Kotak Securities – Comparison
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Here we compared Upstox vs Kotak Securities based on all segment-wise details knowing which is necessary for every investor. In this comparative study, we highlighted the pros and cons of both the broker for the information of investors.
Upstox (formerly known as RKSV Securities) is a renowned discount broker that started its journey in 2009 based on Mumbai.
This discount broker is famed for its variety of trading terminal offerings and a wide range of products and services. They don’t charge any brokerage for equity delivery.
On the other side, Kotak Securities is also a full-service broker organization. Listed under BSE, NSE, MCX-SX, MCX & NCDEX, it is also a premier brand in the stockbroking industry.
Incorporated in 1994 it has a global presence with 1329 branches in 360 cities with millions of customers.
- Zero brokerage fee on equity delivery trading
- Flat fee-based brokerage fee structure.
- Trading Account AMC is free of cost.
- Don’t trade in the commodity, mutual funds, forex, SIP & insurance.
- Margin Money not required.
- 3-in-1 account facility available.
- Don’t have a commodity trading facility.
- The dedicated research platform covers 166 stocks.
- NRI & Marginal trading available,
- A minimum brokerage charge is applicable.
Upstox Vs Kotak Securities Overview:
Comparing Upstox vs Kotak Securities based on overall customer service we derived the below-mentioned details. Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.
|Broker Category||Full-Service Broker||Discount Broker|
|Head Office||Mumbai, India||Mumbai, India|
|Founded by||Uday Raj Kotak||Raghu Kumar, |
Ravi Kumar &
Upstox Vs Kotak Securities Customer Ratings:
Comparing Upstox vs Kotak Securities based on Customer Ratings we get this information.
Here we can see that regarding experience, product-service, trading platform & research work, Kotak Securities is leading but in the remaining segment such as brokerage charges Upstox is winning the race.
|Customer Ratings||Kotak Securities||Upstox|
|On Experience||7.0 out of 10||5.3 out of 10|
|On Products & Services||8.6 out of 10||6.5 out of 10|
|On Brokerage Charges & Fees||6.5 out of 10||9.5 out of 10|
|On Stock Research & Advisory||9.0 out of 10||3.0 out of 10|
|On Trading Platforms||8.9 out of 10||6.5 out of 10|
|On Overall Ratings||8.0 out of 10||6.2 out of 10|
|On Star Ratings||★★★★★||★★★☆☆|
Comparison on AMC & AOC:
Here we have compared Upstox vs Kotak Securities based on account opening charge & account maintenance charge. Here we can see from the below contrast that Upstox offers free AMC on the trading account along with zero margin money criteria. Whereas, Kotak Securities provides free account opening only.
|Demat Services||Kotak Securities||Upstox|
|Depository Source||NSDL & CDSL||CDSL|
|Account Opening Charges||Zero||Rs.150|
|Demat AMC Charges||Free or Rs.300 per Annum||Rs.150 per Annum|
|Trading AMC Charges||500||Free|
|Margin Money||Minimum Rs.25,000||Zero|
|Offline to Online||No||No|
Upstox Vs Kotak Securities Brokerage Charge:
Contrasting Upstox vs Kotak Securities based on Brokerage Charge we get the below details. Here we can see that Kotak Securities offers a percentage based brokerage charge structure.
While Upstox has a very economical flat fee-based brokerage charge. Both Upstox & Kotak Securities charge a minimum brokerage on executed orders.
|Brokerage Charge & Fees||Kotak Securities Brokerage||Upstox Brokerage|
|Equity Delivery Trading||0.49%||Zero|
|Equity Intraday Trading||0.049%||Rs.20|
|Commodity Options Trading||NA||Rs.20|
|Equity Futures Trading||0.049%||Rs.20|
|Equity Options Trading||Rs.100 per Lot||Rs.20 per lot|
|Currency Futures Trading||0.049%||Rs.20|
|Currency Options Trading||Rs.70 per Lot||Rs.20 per lot|
|Minimum Brokerage||Rs.21 per Trade||Rs.20|
|Demat AMC Charges||Free or Rs.300 per Annum||Rs.150 per annum|
|Trading AMC Charges||Rs.500 per Annum||Free|
|Margin Money||Minimum Rs.25,000||Zero|
Comparison of Other Charges:
In terms of Administrative transactional charge, we here compared Upstox vs Kotak Securities as below. We can see that both the broker share a similar charge structure other than the transaction charge criteria. The charge of Kotak Securities in the transaction charge part is greater than Upstox.
|Other Charges||Kotak Securities||Upstox|
|Transaction Charges||0.00320% of Total Turnover||0.00275% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)||18% of (Brokerage + Transaction Charges)|
Comparison of Offers & Discount:
Contrasting Upstox vs Kotak Securities we get the below comparison on offers. We here can see that in terms of offers Kotak Securities is a step ahead of Upstox for offering more offers.
|Free Demat Account||✔||✖|
|Free Trading Account||✖||✔|
|Discount on Brokerage||✖||✔|
|Trading Happy Hours||✔||✖|
|Flexible Brokerage Plans||✔||✖|
|1 Month Brokerage Free||✖||✖|
|Zero Brokerage for Loss Making Trades||✔||✖|
Comparison on Services Offered:
Assessing Upstox vs Kotak Securities based on their service offering we derived the below comparison. These different services help you in trading and investments.
|3 in 1 Account||✔||✖|
|Trading Exposure||Maximum 12x||Maximum 20x|
Upstox Vs Kotak Securities Research & Advisory:
Contrasting Upstox vs Kotak Securities based on their research & advisory offering we received the below comparison. Here we can see in the below table that Kotak Securities offers different advisory supports, where Upstox doesn’t provide any.
|Research & Advisory||Kotak Securities||Upstox|
|Company Stock Review||✖||✖|
|Free Stock Tips||✔||✖|
|Daily Market Review||✔||✖|
Upstox Vs Kotak Securities Margin/ Exposure/ Leverage
Considering Upstox vs Kotak Securities based on product-wise leverage we get the below details.
|Exposure / Leverage||Kotak Securities Margin||Upstox Margin|
|Equity Delivery||Maximum 10x||Maximum 5x|
|Equity Intraday||Maximum 20x||Maximum 20x|
|Equity Futures||Maximum 10x||Maximum 7x|
|Equity Options||Maximum 20x||Maximum 8x|
|Currency Futures||Maximum 10x||Maximum 5x|
|Currency Options||Maximum 15x||Maximum 6x|
|Commodities||Maximum 10x||Maximum 7x|
Comparison on Products Offered:
Assessing Upstox vs Kotak Securities based on their product offering we derived the below comparison.
We can see in this below comparison that Kotak Securities offered to trade in Mutual funds, forex, banking, insurance & SIP which Upstox doesn’t. Both Upstox & Kotak Securities don’t offer to trade in commodities.
Upstox Vs Kotak Securities Trading Platform:
Because of the trading terminal offering of Upstox vs Kotak Securities, we compared them as below.
|Trading Platforms||Kotak Securities||Upstox|
|Desktop Platform – Windows||✔||✔|
|Desktop Platform – Mac||✔||✔|
|Desktop Browser Platform||✔||✔|
|Mobile Site Platform||✔||✔|
|Android App Platform||✔||✔|
|iOS App Platform||✔||✔|
|Windows App Platform||✖||✖|
|Other Mobile OS Platform||✖||✖|
|Online MF Buy||✔||✔|
Comparison on Customer Support:
Comparing customer assistance, we here have compared Upstox vs Kotak Securities as below. We can see from the below chart that Upstox doesn’t provide dedicated dealers, offline trading, 24X7 support, toll-free number, and chat facility. While Kotak Securities doesn’t facilitate chat support.
|Customer Support||Kotak Securities||Upstox|
|Support Number||1800 222 299||022 – 6130 9999|
|Toll-Free Number||1800 222 299||✖|
Comparison on Complaint Handled:
Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Upstox vs Kotak Securities based on their customer complaint handling in the below table.
|Complaints (Current Year)||Kotak Securities||Upstox|
|Lodged in BSE||185||185|
|Resolved in BSE||182||126|
|Lodged in NSE||226||175|
|Resolved in NSE||214||139|
Finally, we can conclude that Kotak Securities (full-service broker) has a huge offering for its customers just like its market reputation. But Upstox (discount broker) offers lower charges to its customers.
Still, it should be kept in mind that individual investors should opt the broker Upstox and Kotak Securities as per his need only.