Zerodha Vs Kotak Securities – Compare Best Discount & Full Service Broker

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.

Notable Features: 


  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.

Kotak Securities:

  1. 3-in-1 account facility available.
  2. Don’t have a commodity trading facility.
  3. The dedicated research platform covers 166 stocks.
  4. NRI & Marginal trading available,
  5. A minimum brokerage charge is applicable.
Zerodha Vs Kotak Securities
Zerodha Vs Kotak Securities

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.

OverviewZerodhaKotak Securities
Concern TypePrivatePublic
Broker CategoryDiscount BrokerFull-Service Broker
Head officeBangalore, IndiaMumbai, India
CreatorNithin KamathUday Raj Kotak
Founded Year20101994

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 RatingsZerodhaKotak Securities
On Experience5.7 out of 107.0 out of 10
On Products & Services8.5 out of 108.6 out of 10
On Brokerage Charges & Fees9.5 out of 106.5 out of 10
On Stock Research & Advisory4.0 out of 109.0 out of 10
On Trading Platforms9.0 out of 108.9 out of 10
On Overall Ratings7.4 out of 108.0 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 ServicesZerodhaKotak Securities
Depository ParticipantCDSLNSDL & CDSL
Charges for Account Opening Rs.300Zero
AMC on DematRs.300 per AnnumFree or Rs.300 per Annum
AMC on TradingFree500
Marginal MoneyZeroMinimum Rs.25,000
Offline to OnlineNoNo

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 & FeesZerodha Brokerage Kotak Securities Brokerage
Equity Delivery TradingZero0.49%
Equity Intraday TradingRs.200.049%
Commodity Options TradingRs.20NA
Equity Futures TradingRs.200.049%
Equity Options TradingRs.20 per LotRs.100 per Lot
Currency Futures TradingRs.200.049%
Currency Options TradingRs.20 per LotRs.70 per Lot
Minimum BrokerageZeroRs.21 per Trade
Demat AMC ChargesRs.300 per AnnumFree or Rs.300 per Annum
Trading AMC ChargesFreeRs.500 per Annum
Margin MoneyZeroMinimum 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 ChargesZerodhaKotak Securities
Transaction Charges0.00325% of Total Turnover0.00320% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% 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.

OffersZerodhaKotak Securities
Free Demat Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
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:

ServicesZerodhaKotak Securities
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
Trading Institution
Trading ExposureMaximum 28xMaximum 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 & AdvisoryZerodhaKotak 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 / LeverageZerodha MarginKotak Securities Margin
Equity DeliveryMaximum 20xMaximum 10x
Equity IntradayMaximum 28xMaximum 20x
Equity FuturesMaximum 15xMaximum 10x
Equity OptionsMaximum 8xMaximum 20x
Currency FuturesMaximum 12xMaximum 10x
Currency OptionsMaximum 8xMaximum 15x
CommoditiesMaximum 17xMaximum 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.

ProductsZerodhaKotak Securities
Equity Trading
Commodity Trading
Currency Trading
Mutual Funds

Comparison of Trading Platforms: 

Because of the trading terminal offering of Zerodha vs Kotak Securities, we compared them as below.  

Trading PlatformsZerodha Trading Platforms Kotak Securities
Trading Platforms
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
Real-time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi-Account Management

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 SupportZerodhaKotak Securities
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Support Number080-404020201800 222 299
Email Support
Chat Support
Toll-Free Number1800 222 299
Open Demat Account with Kotak Securities
Zerodha vs Kotak Securities

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)ZerodhaKotak Securities
Lodged in BSE120185
Resolved in BSE117182
Lodged in NSE89226
Resolved in NSE85214

Zerodha Call Back Request


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.

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Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years. I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.