Kotak has changed in the past few months. Considering that they are a Bank Broker, these developments seem fresh
- Zero brokerage for intraday trades across Cash, Futures & Options, Currency & Commodity
- Flat fee of 20 per executed F&O order.
- Equity & Commodity Delivery at 0.25% of transaction value
Kotak Securities’ new dashboard looks modern, another refreshing feature for a Bank Broker (is that a term?)
And now they have launched Kotak Cherry https://www.kotakcherry.com , a direct Mutual Fund Platform. Its buggy, still working on their website I suppose.
I am also told they will allow pledging Direct MF from that soon and will also look to reducing interest on Collateral Margin from 0.75% per month to 0.25%. This should be 0 if they are to compete.
It’s like every broker is nowadays making a renewed effort, after all, Sebi has given them a chance with the Range Restrictions.