Zerodha Vs Kotak Securities – Comparison:
Comparing Zerodha vs Kotak Securities in terms of all product-wise details which are essential for every investor we get the detailed study. In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.
Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more. Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices.
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.
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
- 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.
Zerodha Vs Kotak Securities Overall Company Details:
Comparing Zerodha 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||Discount Broker||Full-Service Broker|
|Head office||Bangalore, India||Mumbai, India|
|Creator||Nithin Kamath||Uday Raj Kotak|
Zerodha Vs Kotak Securities Customer Ratings:
Comparing Zerodha vs Kotak Securities based on Customer Ratings we get this information. Here we can see that regarding experience & research work, Kotak Securities is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.
|Customer Ratings||Zerodha||Kotak Securities|
|On Experience||5.7 out of 10||7.0 out of 10|
|On Products & Services||8.5 out of 10||8.6 out of 10|
|On Brokerage Charges & Fees||9.5 out of 10||6.5 out of 10|
|On Stock Research & Advisory||4.0 out of 10||9.0 out of 10|
|On Trading Platforms||9.0 out of 10||8.9 out of 10|
|On Overall Ratings||7.4 out of 10||8.0 out of 10|
|On Star Ratings||★★★★★||★★★★★|
Zerodha Vs Kotak Securities AOC & AMC:
Here we have compared Zerodha vs Kotak Securities based on account opening charge & account maintenance charge. Here we can see from the below contrast that Zerodha offers free AMC on the trading account along with zero margin money criteria. Whereas, Kotak Securities provides free account opening only.
|Demat Services||Zerodha||Kotak Securities|
|Depository Participant||CDSL||NSDL & CDSL|
|Charges for Account Opening||Rs.300||Zero|
|AMC on Demat||Rs.300 per Annum||Free or Rs.300 per Annum|
|AMC on Trading||Free||500|
|Marginal Money||Zero||Minimum Rs.25,000|
|Offline to Online||No||No|
Zerodha Vs Kotak Securities Brokerage Charge:
Contrasting Zerodha 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 Zerodha has a very economical flat fee-based brokerage charge. Kotak Securities charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha.
|Brokerage Charge & Fees||Zerodha Brokerage||Kotak Securities Brokerage|
|Equity Delivery Trading||Zero||0.49%|
|Equity Intraday Trading||Rs.20||0.049%|
|Commodity Options Trading||Rs.20||NA|
|Equity Futures Trading||Rs.20||0.049%|
|Equity Options Trading||Rs.20 per Lot||Rs.100 per Lot|
|Currency Futures Trading||Rs.20||0.049%|
|Currency Options Trading||Rs.20 per Lot||Rs.70 per Lot|
|Minimum Brokerage||Zero||Rs.21 per Trade|
|Demat AMC Charges||Rs.300 per Annum||Free or Rs.300 per Annum|
|Trading AMC Charges||Free||Rs.500 per Annum|
|Margin Money||Zero||Minimum Rs.25,000|
Comparison on Administrative Charge:
In terms of Administrative transactional charge, we here compared Zerodha vs Kotak Securities as below. We can see that both the broker share a similar charge structure other than the transaction charge criteria. Charge of Kotak Securities in the transaction charge part is lesser than Zerodha.
|Other Charges||Zerodha||Kotak Securities|
|Transaction Charges||0.00325% of Total Turnover||0.00320% 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 on Offers:
Contrasting Zerodha 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 Zerodha 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:
Comparing Zerodha vs Kotak Securities based on their service offering we derived the below comparison:
|3 in 1 Account||✖||✔|
|Trading Exposure||Maximum 28x||Maximum 12x|
Zerodha Vs Kotak Securities Research & Advisory:
Contrasting Zerodha 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 Zerodha doesn’t provide any.
|Research & Advisory||Zerodha||Kotak Securities|
|Fundamental Reports Service||✖||✔|
|Research Reports Service||✖||✔|
|Company Reports Service||✖||✔|
|Annual Reports Service||✖||✔|
|Company Stock Review Service||✖||✖|
|Free Stock Tips Service||✖||✔|
|IPO Reports Service||✖||✔|
|Top Picks Service||✖||✖|
|Daily Market Review Service||✖||✔|
|Monthly Reports Service||✖||✔|
|Weekly Reports Service||✖||✔|
|Offline Advisory Service||✖||✔|
|Relationship Manager Service||✖||✔|
Zerodha Vs Kotak Securities Margin/ Exposure/ Leverage
Considering Zerodha vs Kotak Securities based on product-wise leverage we get the below details.
|Exposure / Leverage||Zerodha Margin||Kotak Securities Margin|
|Equity Delivery||Maximum 20x||Maximum 10x|
|Equity Intraday||Maximum 28x||Maximum 20x|
|Equity Futures||Maximum 15x||Maximum 10x|
|Equity Options||Maximum 8x||Maximum 20x|
|Currency Futures||Maximum 12x||Maximum 10x|
|Currency Options||Maximum 8x||Maximum 15x|
|Commodities||Maximum 17x||Maximum 10x|
Comparison of Products:
Comparing Zerodha 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 Zerodha doesn’t. Conversely, Zerodha facilitates trading in the commodity that is not offered by Kotak Securities.
Comparison of Trading Platforms:
Because of the trading terminal offering of Zerodha vs Kotak Securities, we compared them as below.
|Trading Platforms||Zerodha Trading Platforms||Kotak Securities |
|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 Zerodha vs Kotak Securities as below. We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker). While Kotak Securities doesn’t facilitate chat support.
|Customer Support||Zerodha||Kotak Securities|
|Support Number||080-40402020||1800 222 299|
|Toll-Free Number||✖||1800 222 299|
Comparison of Grievances:
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 Zerodha vs Kotak Securities based on their customer complaint handling in the below table.
|Complaints (Current Year)||Zerodha||Kotak Securities|
|Lodged in BSE||120||185|
|Resolved in BSE||117||182|
|Lodged in NSE||89||226|
|Resolved in NSE||85||214|
Finally, we can conclude that Kotak Securities (full-service broker) has a huge offering for its customers just like its market reputation. But Zerodha (discount broker) offers lower charges to its customers. Still, it should be kept in mind that individual investors should opt the broker between Zerodha and Kotak Securities as per his need only.