Kotak Securities launches zero brokerage for intraday plan

Competition within Indian stock broking firms getting stiffer. Kotak Securities on Thursday announced the launch of a new set of trading plans with zero brokerage for intraday training across segments, a first of its kind plan in India. Kotak is offering zero brokerage on intraday trades and Rs. 20 per order for all other future & options (F&O) trades including equity, commodity and currency.

Customer research initiated by Kotak Securities revealed the need for a competitive brokerage plan from a well-capitalised and reputed stock broker in the Indian capital market and the new plan bridges that gap, the firm said in a press note.

Jaideep Hansraj, MD & CEO, Kotak Securities Limited said, “It is our constant endeavour to provide the best in-class and seamless service offerings to our customers. Through our new Trade Free Plan, Kotak Securities is empowering its customers to trade and invest conveniently, seamlessly, anywhere & anytime. Also, it is the strongest value proposition in the market given the competitive pricing.”