Kotak Securities vs HDFC Securities Reviews 2024 | Which Is Better
Kotak Securities vs HDFC Securities
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. Full Service Broker HDFC Securities was founded in 2000. It provides trading on the The, Multi Commodity Exchange, NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 270 of its 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.
HDFC Securities
HDFC Securities, one of India’s top full-service stock brokers, was founded in 2000. One of HDFC Bank’s subsidiaries is HDFC Securities. The firm facilitates trading and investing in stocks, bonds, futures, options, buybacks, mutual funds, initial public offerings (IPOs), commodities, currency derivatives, stock portfolios, and more for its clientele. A registered broker with SEBI, HDFC Securities is also affiliated with the BSE,
NSE, MCX, CDSL, and NSDL.
HDFC Securities serves more than 1,800,000 + clients in a variety of industries and offers
more than 30 Also its provides service through Over 270 branches of the organisation which
are located throughout India. The lowest broking fees are charged by HDFC Securities,
which costs Rs 20 per transaction for trading in derivatives and 0.10% per deal for equity
delivery. A 3-in-1 account that combines a savings bank, trading, and a Demat account is
provided by HDFC Securities.
| Kotak Securities | HDFC Securities | |
| Establishment Year | 1994 | 2000 |
| Founder | Jaideep Hansraj | Dhiraj Relli |
| Exchange of Membership | BSE, NSE, MCX, NCDEX | BSE & NSE. |
| Broker Type | Full Service | Full Service |
| Branches | 154 | 270 |
Kotak Securities vs HDFC Securities Charges
| Charges | Kotak Securities | HDFC Securities |
| Trade and Call Charge | Rs. 50 per Call | Additional Rs 20 per executed order |
| Minimum Brokerage Charges | Rs 21 per executed order | Rs. 25 Per Order on Equity Segment |
Kotak Securities vs HDFC Securities Offers
| Offers | Kotak Securities | HDFC Securities |
| 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 | Rs. 200 Per Client |
| Zero brokerage for Loss Making Trade | icon name=”times” prefix=”fas”], Limited | |
| Brokerage Cashback | ||
| Free Trading Calls | ||
| Free Research Report | ||
Kotak Securities vs HDFC Securities Product Provided
| Type | Kotak Securities | HDFC Securities |
| 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 HDFC Securities Advisory Services Provided
| Type | Kotak securities | HDFC Securities |
| 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 HDFC Securities
| Features | Kotak Securities | HDFC Securities |
| 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 | 3:50 PM |
| Global Indices | ||
| Real Time Update | ||
| Stock Tips | ||
| Multi Profile Management | ||
| Interactive Charts | ||
| Customised Recommendation | ||
| Online MF Buy | ||
Kotak Securities vs HDFC Securities 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, . The opening Charge for an HDFC Securities account requires Rs 999. The AMC charges Rs 750 for HDFC Securities Demat Accounts. Below the table shows Demat account charges of both the platform.
| Charges | Kotak Securities | HDFC Securities |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 199 |
| Demat Account AMC Charges | Rs 600 | Rs. 750 |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs. 900 |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
Kotak Securities vs HDFC Securities Brokerage Charges
Kotak Securities trading account opening fees are zero (free) , Kotak Securities Demat Account AMC Charges are Rs 600, whereas HDFC Securities charges 0.32% for equity broking and 0.032% for intraday trading. Special Offer: Invest in Equity Delivery and Direct Mutual Funds without paying any broking fees. Intra-day and F&O trades are charged a flat rate of Rs 20.Belw the table shows brokerage charges of both the platforms.
| Brokerage Charges | Kotak Securities | HDFC Securities |
| Brokerage Plan | Trade Free plan | Starter Pack – Lite 199 |
| Equity Delivery | 0.25% or Rs.20 (whichever is higher) | 0.32% of Transaction Value |
| Equity Intraday | Free | 0.032% of Transaction Value |
| Equity Option | Rs.20 per Trade | Rs. 20 per Trade |
| Equity Future | Rs.20 per Trade | Rs.20 per Trade |
| Currency Option | Rs. 20 per Trade | Rs.25 per Lot |
| Currency Future | Rs. 20 per Trade | 0.025% of Transaction Value |
| Commodity Option | Rs. 20 per Trade | Rs.20 per Lot |
| Commodity Future | Rs. 20 per Trade | 0.025% of Transaction Value |
Kotak Securities vs HDFC Securities Leverage (Margin)
The Kotak Securities margin for intraday trading is up to 20% of the transaction value (5x
leverage) based on the stock, whereas HDFC Securities’ 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 | HDFC Securities |
| 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 HDFC Securities Pros And Cons
Pros:
| Kotak Securities | HDFC Securities |
| 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)It offers the simplest method formaking stock market and otherfinancial instrument investments. 2) The greatest option available toIndian retail investors is the 3-in-1account, which consists of an HDFCBank Account, an HDFC SecuritiesTrading Account, and an HDFCSecurities Demat Account. |
Cons:
| Kotak Securities | HDFC Securities |
| 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)Together with opening a tradingaccount with HDFC Securities Ltd,you will also need to open a DP(depository participant) account withHDFC Bank and a savings bankaccount with a minimum quarterlyamount of Rs 5000. 2) It Charges minimum brokerage ofRs 25 also very high brokeragecharges. |
Complaints Of Kotak Securities vs HDFC Securities
Data from 2024 reveals that Kotak Securities had more customer complaints than HDFC Securities when
comparing the two companies. In particular, Kotak Securities received 435 complaints and resolved
335 whereas HDFC Securities received 130 complaints and resolved 105. This shows that
HDFC Securities 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 | HDFC Securities |
| Total Complaints Lodged | 435 | 130 |
| Total Complaints Resolved | 365 | 105 |
| % Of Total Complaints Resolved | 83.60 % | 80.50% |
| Non Actionable Complaints | 21 | 8 |
| % Of Non Actionable Complaints | 5 % | 6.30% |
Kotak Securities vs HDFC Securities 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 | HDFC Securities |
| Equity Delivery | 0.00335% (NSE) & 0.00375% (BSE) | 0.00350% (NSE) & 0.00375% (BSE) |
| Equity Intraday | 0.00335% (NSE) & 0.00375% (BSE) | 0.00350% (NSE) & 0.00375% (BSE) |
| Equity Option | 0.0505% (on premium) | 0.053% (on premium) |
| Equity Future | 0.002% (NSE & BSE) | 0.0019% (NSE & BSE). |
| Currency Option | 0.037% (NSE) & 0.001% (BSE) | 0.035% (NSE) & 0.001% (BSE) |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | 0.0009% (NSE) & 0.00022% (BSE) |
| Commodity Option | 0.05% (Non Agri) | 0.05% (Non Agri) |
| Commodity Future | NA | 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) |
Review Comparison Of Kotak Securities vs HDFC Securities By Customer
Kotak Securities is rated 8 of 10 , whereas HDFC Securities is rated 6.5 of 10
| Rating | Kotak Securites | HDFC Securities |
| Brokerage | 7.5/10 | 6/10 |
| Customers Service | 6.5/10 | 7/10 |
| Fees | 8.5/10 | 6.5/10 |
| Trading Platform | 7.5/10 | 7/10 |
| Research | 7/10 | 5.510 |
| Broker Rating | 7.5/10 | 6/10 |
| Overall Rating | 8/10 | 6.5/10 |
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.HDFC Securities are India’s major broking houses, providing comprehensive trading and investment services. HDFC Securities provides affordable broking rates, a dynamic trading platform, and robust research help. HDFC Securities is a better option for cost-conscious traders looking for efficient services. 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
HDFC Securities : +91 2239019400
Client can contact this number for clearing your doubt.
Kotak Securities Support Email: service.securities@kotak.com
Support Email HDFC Securities : infodp@hdfcbank.com
Client can contact on this email for clearing your doubt.
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