Kotak Securities launches Free Intraday Trading facility

Domestic brokerage Kotak Securities has launched ‘Free Intraday Trading’, a facility that allows investors to do intra-day trading without paying any brokerage per trade. Investors can do intra-day trades across cash, future and options segments at an annual subscription of Rs.999. Further, investors get free access to the brokerage's research and technology platform for the execution of their transactions. Intra-day trading refers to trades in which investors do not take delivery of shares but buy and sell the shares within the same trading session. Vikram Limaye, Managing Director & CEO, National Stock Exchange, who was present on the occasion, said that even though Indian equity markets are well developed, only 5% of household savings come to the stock markets.