Kotak Securities vs Dhan Review 2024 | Which Is Better
Kotak Securities vs Dhan
Kotak Securities, founded in 1994, is a full-service broker, It offers trading on the BSE, NSE, MCX, NCDEX. It operates 154 branches across India. Dhan , founded in 2021, is a discount broker. It supports trading on the NSE, BSE , MCX And NCDEX. It has one branch across India.
Kotak Securities
Kotak Securities Ltd, founded in 1994, is a full-service stock broker that provides a 3-in-1 account (Bank + Trading + Demat Account) to individual investors in India. It provides investing opportunities in stocks, derivatives (equities, commodities, and currencies), and mutual funds. It also provides services like Research SMS, margin trading, depository services, and third-party products such as insurance. The company also offers direct access to the US market.
Kotak Securities is a division of Kotak Mahindra bank. In India, It provides a full-service stock broker regular investors with a 3-in-1 account (bank, trading, and demat). It provides investments in stocks, derivatives (equities, commodities, and currencies), and mutual funds. It also provides services such as Research SMS, margin trading, depository services, and third-party products like insurance.
Dhan
Dhan Founded in 2021, is a Mumbai-based financial services company focused largelyon India. In today’s fast-paced world, every second or third person seeks effectiveinvesting solutions to build wealth, and Dhan is dedicated to delivering these options.Dhan is a SEBI-registered stockbroker. In addition, Dhan is registered with CDSL, NSE,
BSE, and MCX stock exchange.Dhan is a SEBI-registered stockbroker and their headquarters located in Mumbai.
Inaddition, Dhan is registered with CDSL, NSE, BSE, and MCX stock exchanges. Dhan
offers a wide range of products, including stocks, ETFs, options, futures, andcommodities. Overall, Dhan is an all-rounder who effectively meets the majority of atrader’s or investor’s needs. Dhan’s broking fees are competitive and reasonable acrossall products and solutions. Dhan costs Rs. 20 per trade, or 0.03%, for intraday trading. Dhan’s shipping charges for trading equities and ETFs are nothing. Dhan additionally
offers a 50% discount for female users.
| Kotak Securities | Dhan | |
| Establishment Year | 1994 | 2021 |
| Founder | Jaideep Hansraj | Pravin Jadhav |
| Exchange of Membership | BSE, NSE, MCX, NCDEX | NSE, BSE And MCX , NCDEX |
| Broker Type | Full Service Broker | Discount Broker |
| Branches | 154 | 1 |
Kotak Securities vs Dhan Charges
| Charges | Kotak Securities | Dhan |
| Trade and Call Charge | Rs. 50 per Call | Rs 50 per order |
| Minimum Brokerage Charges | Rs 21 per executed order | Rs 20 |
Kotak Securities vs Dhan Offers
| Offers | Kotak Securities | Dhan |
| Free AMC | ||
| Free Brokerage | , Limited | |
| Free Account Opening Charge | ||
| Flat Brokerage Charges | , Limited | |
| Flexible Brokerage Charges | ||
| Free Intraday Charges | ||
| Delivery Charges | ||
| Margin Funding and Pledging | ||
| Refferal Offers | 10% + Upto Rs.500 per Client | 20% + Rs 500 per new Client |
| Zero brokerage for Loss Making Trade | icon name=”times” prefix=”fas”], Limited | |
| Brokerage Cashback | ||
| Free Trading Calls | ||
| Free Research Report | ||
Kotak Securities vs Dhan Product Provided
| Type | Kotak Securities | Dhan |
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Option | ||
| Equity Future | ||
| Currency Option | ||
| Currency Future | ||
| Commodity Options | ||
| Commodity Future | ||
| Mutual Funds | ||
| Foreign stocks | ||
| Banking | ||
| Insurance | ||
| Digital Gold | ||
| Govt. Bonds | ||
| Corporate Bonds | ||
Kotak Securities vs Dhan Advisory Services Provided
| Type | Kotak securities | Dhan |
| IPO Service | ||
| Weekly and Monthly Review | ||
| Daily Stock Picks and Stock Tips | ||
| PMS or PCG | ||
| Trading Institution | ||
| Demat and Trading Service | ||
| Intraday Service | ||
| Share Pledging | ||
| NRI Service | ||
| 3 In 1 Account | ||
| Company and Annual Report | ||
| Stock Recommendation and Research report | ||
Features Of Kotak Securities vs Dhan
| Features | Kotak Securities | Dhan |
| Chart | ||
| Automated Trading | ||
| 3 in 1 Account | ||
| Sms Alerts | ||
| Margin Against Shares (Equity Cash) | ||
| Margin Against Shares (Equity F&O) | ||
| Online Portfolio | ||
| Online Demo | ||
| Intraday Square-Off Time | 3:50 PM | 3:20PM |
| Global Indices | ||
| Real Time Update | ||
| Stock Tips | ||
| Multi Profile Management | ||
| Interactive Charts | ||
| Customised Recommendation | ||
| Online MF Buy | ||
Kotak Securities vs Dhan Demat And AMC Charges
Kotak Securities trading account opening fees are zero (free), But SBI Securities account opening fees are Rs 850. Kotak Securities Demat Account AMC Charges are Rs 600, . While Dhan has Rs.0 annual maintenance cost (AMC) for trading accounts And rs.0 For Open Demat Account .Many investors favour it because of its competitive cost, user-friendly layout, and excellent customer service
| Charges | Kotak Securities | Dhan |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 600 | ₹0 (Lifetime Zero AMC) |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
Kotak Securities vs Dhan Brokerage Charges
Kotak Securities trading account opening fees are zero (free) , Kotak Securities Demat Account AMC Charges are Rs 600, whereas Dhan charges no brokerage fees for stock On Delivery. Below the table shows brokerage charges of both the platforms.
| Brokerage Charges | Kotak Securities | Dhan |
| Brokerage Plan | Trade Free plan | Flat Brokerage |
| Equity Delivery | 0.25% or Rs.20 (whichever is higher) | Rs 0 (Free) |
| Equity Intraday | Free | Rs 20 per executed orderor 0.02% whichever is lesser |
| Equity Option | Rs.20 per Trade | Rs.15 per Trade |
| Equity Future | Rs.20 per Trade | Rs 20 per executed plan/ order or .03% whichever is lesser |
| Currency Option | Rs. 20 per Trade | NA |
| Currency Future | Rs. 20 per Trade | Rs 20 per executed plan/order or .03% whichever is lesser |
| Commodity Option | Rs. 20 per Trade | Rs.20 per Trade |
| Commodity Future | Rs. 20 per Trade | NA |
Kotak Securities vs Dhan Leverage (Margin)
The Kotak Securities margin for intraday trading is up to 20% of the transaction value (5x leverage) based on the stock, whereas Dhan margin for intraday trading allows up to 20% of the trade value (5x leverage) depending on the stock.The table below shows the leverage margin of both platform ( 2024).
| Leverage | Kotak Securities | Dhan |
| Equity Delivery | 100% of trade value of (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value of (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Currency, Equity, Commodity) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Kotak Securities vs Dhan investment Option
- Kotak Securities : For investment Kotak offers option like : stock equity, currency, commodity, ipo, mutual fund.
- Dhan : For investment Dhan offers option like : stock equity, currency, commodity, mutual fund, bond /ncd and debt.
Kotak Securities vs Dhan Pros And Cons
Pros:
| Kotak Securities | Dhan |
| 1)Online trading strategiesallow for brokerage-freeintraday trading. 2) Investors under the age of 30receive no broking fees acrossall sectors. 3) The company is part of arenowned private bank (KotakMahindra Bank. 4) The NEST trading platform isprovided to frequent traders. 5) Kotak Securities is abank-based broker thatprovides a three-in-one account. Online tradingstrategies allow forbrokerage-free intraday trading. | 1)All other segments have a flatbroking fee of Rs 20 per deal. 2) Offers a 3-in-1 account for ICICI bank members. 3)AMC offers free demat accounts Also it offer Free equity delivery deals. 4) A safe, dependable, and technologically advancedinternet broker. 5) Simple, flat-fee broking services across segments and exchanges (BSE, NSE, MCX). 6) Open an account for free |
Cons:
| Kotak Securities | Dhan |
| 1)Kotak Securities’ website andmobile app are not as good asnew-age brokers like Zerodhaand Upstox. 2) High equity delivery broking fees. 3) High AMC changes (Rs 66 each month). 4) The margin-funding facilitycauses misunderstandingamong investors, who end uppaying large interest costsunwittingly. 5) The customer is required topay a yearly plan membershipcharge of Rs 499. Broking isextremely high in thedealer-assisted brokingscheme. | 1)Auto Square off costs an additional Rs 20 every order. 2) It doesn’t provide monthly unlimited trading programs. 3)It doesn’t offer stock suggestions, research, or recommendations. 4) Call & Trade costs an additional Rs 50 every order. |
Complaints Of Kotak Securities vs Dhan
Data from 2024 reveals that Kotak Securities had more customer complaints than Dhan when
comparing the two companies. In particular, Kotak Securities received 435 complaints and resolved
335 whereas Dhan received 10 complaints and resolved 8. This shows that
Dhan performs better in terms of customer service than Kotak Securitites. as seen by the fact
that it has a higher complaint resolution rate and fewer complaints overall.
| Complaints | Kotak Securities | Dhan |
| Total Complaints Lodged | 435 | 8 |
| Total Complaints Resolved | 365 | 10 |
| % Of Total Complaints Resolved | 83.60 % | 99% |
| Non Actionable Complaints | 21 | 1 |
| % Of Non Actionable Complaints | 5 % | 1% |
Kotak Securities vs dhan Transactions Charges
Below the table shows Equity Intraday, Equity Delivery, Equity Option , Future and
Commodity options/ Future and Currency Option/Future Transaction charges of both the
platform.
| Transaction Charges | Kotak Securities | Dhan |
| Equity Delivery | 0.00335% (NSE) & 0.00375% (BSE) | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) |
| Equity Intraday | 0.00335% (NSE) & 0.00375% (BSE) | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) |
| Equity Option | 0.0505% (on premium) | NSE Rs 4950 per Cr (0.0495%) | BSE Rs 495 per Cr (0.00495%) (on premium) |
| Equity Future | 0.002% (NSE & BSE) | NSE Rs 188 per Cr (0.00188%) | BSE Rs 0 |
| Currency Option | 0.037% (NSE) & 0.001% (BSE) | (on premium) |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | (on premium) |
| Commodity Option | 0.05% (Non Agri) | NA |
| Commodity Future | NA | Group A, B : 0.0026% |
Review Comparison Of Kotak Securities vs Dhan By Customer
CICI direct is rated 7 of 10 , whereas Angel One is rated 9 of 10
| Rating | Kotak Securites | Dhan |
| Brokerage | 7.5/10 | 7/10 |
| Customers Service | 6.5/10 | 9/10 |
| Fees | 7/10 | 8.5/10 |
| Trading Platform | 7.5/10 | 7/10 |
| Research | 7/10 | 7.5/10 |
| Broker Rating | 6.5/10 | 8/10 |
| Overall Rating | 7/10 | 9/10 |
Conclusion: Kotak Securities provide strong trading platforms with distinct advantages. Kotak Securities is well-known for its advanced trading tools, research papers, and customer care. Its mobile app is both easy to use and full of features. However, broking fees tend to be greater.Dhan is praised for its low-cost architecture, intuitive user interface, and cutting-edge technologies like the Dhan platform. It is especially appealing to traders who are tech-savvy yet cost-conscious. Though both sites are trustworthy and regulated, the decision comes down to personal preferences: Dhan offers affordable costs and cutting-edge technology
Customer Care Number/Email
Kotak Securities: 1800-209-9191
Dhan : 022-43116666
Client can contact this number for clearing your doubt.
Kotak Securities Support Email: service.securities@kotak.com
Dhan Support Email: help@dhan.com
Client can contact on this email for clearing your doubt.
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