Kotak Securities vs Groww Review 2024 | Which Is Better
Kotak Securities vs Groww
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. Groww , founded in 2016, is a discount broker. It supports trading on the NSE and BSE. It has 0 branches in 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.
Groww
Groww is the brand name for Nextbillion Technology Private Limited, aSEBI-registered stockbroker and member of the NSE and BSE. Groww, founded in2016, began as a direct mutual fund investing platform. In the mid-2020s, Growwexpanded its product offering to include equity trading. Other investing alternativesavailable to users include digital gold, US stocks, and fixed deposits. Groww chargesa lesser fee of Rs 20 or 0.05% each performed deal. You pay a maximum of Rs 20as brokerage for an order, regardless of quantity or value. Groww provides freemutual fund services, including no expenses for investing or redeeming mutualfunds.Groww’s proprietary trading platform, Groww (web and mobile trading app),provides its investors with a flawless trading experience.
| Kotak Securities | Groww | |
| Establishment Year | 1994 | 2016 |
| Founder | Jaideep Hansraj | Pravin jadhav |
| Exchange of Membership | BSE, NSE, MCX, NCDEX | NSE, BSE SENSEX & NIFTY |
| Broker Type | Full Service Broker | Discount Broker |
| Branches | 154 | Not have any branches,it is a online trading platform,head office banglore India |
Kotak Securities vs Groww Charges
| Charges | Kotak Securities | Groww |
| Trade and Call Charge | Rs. 50 per Call | Additional Rs 50 per order |
| Minimum Brokerage Charges | Rs 21 per executed order | Rs 20 or 0.05 % per order( whichever is lower) |
Kotak Securities vs Groww Offers
| Offers | Kotak Securities | Groww |
| Free AMC | ||
| Free Brokerage | , Limited | |
| Free Account Opening Charge | ||
| Flat Brokerage Charges | , Limited | Yes But limited |
| Flexible Brokerage Charges | ||
| Free Intraday Charges | ||
| Delivery Charges | ||
| Margin Funding and Pledging | ||
| Refferal Offers | 10% + Upto Rs.500 per Client | Not Available |
| Zero brokerage for Loss Making Trade | icon name=”times” prefix=”fas”], Limited | |
| Brokerage Cashback | ||
| Free Trading Calls | ||
| Free Research Report | ||
Kotak Securities vs Groww Product Provided
| Type | Kotak Securities | Groww |
| 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 Groww Advisory Services Provided
| Type | Kotak securities | Groww |
| 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 Groww
| Features | Kotak Securities | Groww |
| Chart | ||
| Automated Trading | ||
| 3 in 1 Account | ||
| Sms Alerts | ||
| Margin Against Shares (Equity Cash) | ||
| Margin Against Shares (Equity F&O) | ||
| Online Portfolio | Groww | |
| Online Demo | ||
| Intraday Square-Off Time | 3:50 PM | 3:10 PM |
| Global Indices | ||
| Real Time Update | ||
| Stock Tips | ||
| Multi Profile Management | ||
| Interactive Charts | ||
| Customised Recommendation | ||
| Online MF Buy | ||
Kotak Securities vs Groww 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 Groww has Rs.0 annual maintenance cost (AMC) for trading accounts, butcharges a ₹0 yearly fee for DEMAT accounts. Many investors favour itbecause of its competitive cost, user-friendly layout, and excellent customer service.
| Charges | Kotak Securities | Groww |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 600 | Rs 0 (Free) |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
Kotak Securities vs Groww Brokerage Charges
Kotak Securities trading account opening fees are zero (free) , Kotak Securities Demat Account AMC Charges are Rs 600, whereas Groww costs Rs 20 per completed transaction or 0.05%, whichever is lesser , .Below the table shows brokerage charges of both the platforms.
| Brokerage Charges | Kotak Securities | Groww |
| Brokerage Plan | Trade Free plan | NA |
| Equity Delivery | 0.25% or Rs.20 (whichever is higher) | Rs.20 per Trade or 2.5%, whichever is low |
| Equity Intraday | Free | Rs.20 per Trade or 0.05%(whichever is low) |
| Equity Option | Rs.20 per Trade | Rs 20 per executed plan/order |
| Equity Future | Rs.20 per Trade | Rs 20 per executed plan/ order or .03% whichever is lesser |
| Currency Option | Rs. 20 per Trade | Rs 20 per executed plan/order |
| Currency Future | Rs. 20 per Trade | Rs 20 per executed plan/order or .05% whichever is lesser |
| Commodity Option | Rs. 20 per Trade | Rs 20 per executed plan/order |
| Commodity Future | Rs. 20 per Trade | Rs 20 per executed plan/ order or .05% whichever is lesser |
Kotak Securities vs Groww Leverage (Margin)
The Kotak Securities margin for intraday trading is up to 20% of the transaction value (5x
leverage) based on the stock, while the Groww margin for intraday cash is likewise up to 20% of the trade value (5x leverage) . Below the table shows leverage margin of both platform.
| Leverage | Kotak Securities | Groww |
| 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 Groww Pros And Cons
Pros:
| Kotak Securities | Groww |
| 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)No setup costs for accounts. NoUpkeep Fees. 2)A direct mutual fund platform thatincreases your returns by 1.5%. 3)Free investing in mutual funds with noadditional fees. 4)E-books, resources, and blogs thatoffer stock market information and fundamentals to assist investors inmaking well-informed decisions. 5)Instantaneous account openingwithout paper work and onlineapplication for an IPO. 6)Digital gold and US stocks may beinvested in online using the in-housebrokerage calculator. Additional goods(FD, derivatives) in the works. |
Cons:
| Kotak Securities | Groww |
| 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)Restricted investment goods withoutthe ability to trade in the currency,commodities, or derivatives (futures &options) segments at this time. 2)Trade and No Call services alsoThere is no branch support providedand it doesn’t offer research reports,stock suggestions, orrecommendations. 3)Doesn’t provide SME share trading. 4)No facility for margin trading with Nomargin required against shares. 5)Not accessible are advanced ordertypes like BO, CO, AMO, and GTT. 6)Do not offer NRI Trading.7)Branch support not available.. |
Complaints Of Kotak Securities vs Groww
Data from 2024 reveals that Kotak Securities had more customer complaints than Groww when comparing the two companies. In particular, Kotak Securities received 435 complaints and resolved 335 whereas Groww received 180 complaints and resolved 162. This shows that Groww performs better in terms of customer service than Kotak Securities. as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
| Complaints | Kotak Securities | Groww |
| Total Complaints Lodged | 435 | 180 |
| Total Complaints Resolved | 365 | 162 |
| % Of Total Complaints Resolved | 83.60 % | 86.30% |
| Non Actionable Complaints | 21 | 9 |
| % Of Non Actionable Complaints | 5 % | 5.0% |
Kotak Securities vs Groww Transactions Charges
Kotak Securities transaction charges for options are NSE Rs 5000 per crore (0.05%) | BSE Rs 3700 per crore (0.0375%) (based on premium). Firstly the transaction charges of Groww is Flat fee of ₹ 20 or 0.05% (whichever is less) for each executed order in Intraday Commodities, Currency, and Equities Trading , also The exchange costs for options on Groww are as follows: NSE Rs 325 per crore (0.00325%) | BSE Rs 375 per crore (0.00725%) (plus premium). The table shows some of its transaction charges:
| Transaction Charges | Kotak Securities | Groww |
| Equity Delivery | 0.00335% (NSE) & 0.00375% (BSE) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Each Side) |
| Equity Intraday | 0.00335% (NSE) & 0.00375% (BSE) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Sell Side) |
| Equity Option | 0.0505% (on premium) | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (On Premium). |
| Equity Future | 0.002% (NSE & BSE) | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
| Currency Option | 0.037% (NSE) & 0.001% (BSE) | NA |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | NA |
| Commodity Option | 0.05% (Non Agri) | NA |
| Commodity Future | NA | NA |
Review Comparison Of Kotak Securities vs Groww By Customer
CICI direct is rated 7 of 10 , whereas Angel One is rated 8 of 10
| Rating | Kotak Securites | Groww |
| Brokerage | 7.5/10 | 6/10 |
| Customers Service | 6.5/10 | 6.5/10 |
| Fees | 8.5/10 | 7/10 |
| Trading Platform | 7.5/10 | 7.5/10 |
| Research | 7/10 | 5/10 |
| Broker Rating | 6.5/10 | 8/10 |
| Overall Rating | 7/10 | 8/10 |
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.Groww is the best alternative because it offers a wide selection of investment possibilities, sophisticated research tools, and affordable brokerage costs. Groww is ideal for novices and those who value simplicity and convenience of use in their investing journey,. Finally, the decision is based on personal objectives such as cost, service quality, and platform usability.
Customer Care Number/Email
Kotak Securities: 1800-209-9191
Groww :- +91 9108800000
Client can contact this number for clearing your doubt.
Kotak Securities Support Email: service.securities@kotak.com
Groww Support Email : Support@Groww.com
Client can contact on this email for clearing your doubt.
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