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Kaynet Finance vs. Khandwala Securities

All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.

Among the best stockbrokers in India, two top names are Kaynet Finance and Khandwala Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Kaynet Finance and Khandwala Securities.


Overview

Kaynet Finance is public company and Khandwala Securities is private company. both are full service broker as well. Sangramkumar Das co-founded Kaynet Finance in 1994. And Khandwala Securities was founded in the year 1934 by Paresh J. Khandwala. Kaynet Finance's headquarters are in Pune, Maharashtra and Khandwala Securities's headquarters are in Mumbai, Maharashtra.

Kaynet Finance and Khandwala Securities both are full service broker as well. Kaynet Finance is registered in NA, while Khandwala Securities is registered in NA. The total branches of Kaynet Finance are Nil and the Khandwala Securities branches are Nil.

OverviewKaynet FinanceKhandwala Securities
Broker TypeFull Service BrokerFull Service Broker
Type of companyPublicPrivate
HeadquarterPune, MaharashtraMumbai, Maharashtra
FoundersSangramkumar DasParesh J. Khandwala
Foundation Year19941934
Supported ExchangesNANA
Total branchesNilNil

Kaynet Finance and Khandwala Securities Trading Account Opening and Demat Charges

A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).

Account opening fees for various brokers range from 0 to Rs.200, with Kaynet Finance charging Rs.300 and Khandwala Securities charging Rs.250.

When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Kaynet Finance Demat account is Free and for the Khandwala Securities Demat account is Rs.500 per Annum. The Trading AMC for Kaynet Finance and Khandwala Securities is free. And the margin money for both brokers is also zero.

As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Kaynet Finance and Khandwala Securities is CDSL.

Account Opening and Demat ChargesKaynet FinanceKhandwala Securities
Trading Account Opening ChargesRs.300Rs.250
Demat AMC (Annual Maintenance Charges)FreeRs.500 per Annum
Trading AMC (Annual Maintenance Charges)Rs.250 per AnnumFree
Margin MoneyMinimum Rs.3,000Minimum Rs.15,000
Offline to Online ChargesYesYes
DepositoryCDSL & NSDLCDSL & NSDL

Kaynet Finance and Khandwala Securities Equity Brokerage Charges

There are more charges that a broker charges for equity transactions.

Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Kaynet Finance is 0.1% – 0.2%, while Khandwala Securities charges you 0.35%.

Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Kaynet Finance is 0.01% – 0.02% and for Khandwala Securities also, it is 0.04%.

Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Kaynet Finance charge 0.01% – 0.02% and Khandwala Securities charge 0.04% for equity futures.

Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Kaynet Finance charges Rs.10 – Rs.20 per Lot, and Khandwala Securities charges Rs.35 per Lot.

Equity Brokerage ChargesKaynet FinanceKhandwala Securities
Equity Delivery Brokerage0.1% – 0.2%0.35%
Equity Intraday Brokerage0.01% – 0.02%0.04%
Equity Futures Brokerage0.01% – 0.02%0.04%
Equity Options BrokerageRs.10 – Rs.20 per LotRs.35 per Lot

Kaynet Finance and Khandwala Securities Currency Brokerage Charges

Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.

Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Kaynet Finance is 0.01% – 0.02% and for Khandwala Securities is 0.04%.

Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Kaynet Finance charges Rs.10 – Rs.20 per Lot for currency options, whereas Kaynet Finance charges Rs.35 per Lot.

Currency Brokerage ChargesKaynet FinanceKhandwala Securities
Currency Futures Brokerage0.01% – 0.02%0.04%
Currency Options BrokerageRs.10 – Rs.20 per LotRs.35 per Lot

Kaynet Finance and Khandwala Securities Commodity Brokerage Charges

Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Kaynet Finance charges 0.01% – 0.02% for commodity trading, while Khandwala Securities charges 0.04%.

Commodity Brokerage ChargesKaynet FinanceKhandwala Securities
Commodity Options Brokerage0.01% – 0.02%0.04%

Kaynet Finance and Khandwala Securities Other Charges

Here are some other broker charges that should know about -

Minimum Broker Charges: Kaynet Finance levies a minimum brokerage fee of Percentage of Transaction, while Khandwala Securities charges Percentage of Transaction brokerage fee.

Transaction Brokerage Charges: Kaynet Finance levies a transaction brokerage charge of 0.00325%, while Khandwala Securities charges 0.00300%.

SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Kaynet Finance is 0.0002% of Total Turnover and for Kaynet Finance is 0.0002% of Total Turnover.

Stamp Duty Charges: This fee is charged as per the state and asset class.

GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)

STT (Securities Transaction Tax): The STT charges for Kaynet Finance are 0.0126% of Total Turnover, while for Khandwala Securities, they are 0.0126% of Total Turnover.

Call and Trade Charges: This charge varies for different brokers. Kaynet Finance charges NA and Khandwala Securities charges NA.

Other Brokerage ChargesKaynet FinanceKhandwala Securities
Minimum Brokerage ChargesPercentage of TransactionPercentage of Transaction
Transaction Brokerage Charges0.00325%0.00300%
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp Duty ChargesAs per the stateAs per the state
GST Charges18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover0.0126% of Total Turnover
Call and Trade ChargesNANA

Kaynet Finance and Khandwala Securities Equity Exposure/Leverage

With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.

Equity Delivery: Leverage provided for Equity Delivery by Kaynet Finance is up to Upto 2x and by Khandwala Securities it is up to Upto 2x.

Equity Intraday: Leverage for equity intraday by Kaynet Finance is up to Upto 10x and by Khandwala Securities it is up to Upto 5x.

Equity Futures: Leverage for Equity Futures by Kaynet Finance is up to Upto 2x and by Khandwala Securities it is up to Upto 4x.

Equity Options: Leverage for Equity Options by Kaynet Finance is up to Upto 4x and by Khandwala Securities also, it is up to Upto 5x.

Equity LeverageKaynet FinanceKhandwala Securities
Equity DeliveryUpto 2xUpto 2x
Equity IntradayUpto 10xUpto 5x
Equity FuturesUpto 2xUpto 4x
Equity OptionsUpto 4xUpto 5x

Kaynet Finance and Khandwala Securities Currency Leverage

The currency futures leverage provided by Kaynet Finance is up to Upto 2x, while for Khandwala Securities it is up to Upto 2x.

The currency options leverage provided by Kaynet Finance is up to Upto 3x, while for Khandwala Securities it is up to Upto 2x.

Currency LeverageKaynet FinanceKhandwala Securities
Currency FuturesUpto 2xUpto 2x
Currency OptionsUpto 3xUpto 2x

Kaynet Finance and Khandwala Securities Commodity Leverage

The commodity leverage provided by Kaynet Finance is up to Upto 3x, while for Khandwala Securities it is up to Upto 2x.

Commodity LeverageKaynet FinanceKhandwala Securities
CommodityUpto 3xUpto 2x

Kaynet Finance and Khandwala Securities Offers

Brokers offer various exciting offers to entice new customers. Here are some of them:

Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.

Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.

Brokerage Discounts: Coupons providing up to 50% discount at their rates.

Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.

1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.

Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.

Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.

Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.

OffersKaynet FinanceKhandwala Securities
Free Stock Trading AccountNoYes
Free Demat AccountYesNo
Flexible PlansYesNo
Brokerage DiscountsNoNo
Happy HoursNoNo
1 Month Free PlanNoNo
Holiday OffersYesYes
Referral ProgramYesYes
Zero Brokerage on Loss TradesNoNo

Kaynet Finance and Khandwala Securities Features

Equity Trading: Kaynet Finance and Khandwala Securities brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.

Currency and Commodity Trading: Kaynet Finance and Khandwala Securities also offer you to trade in currency and commodities.

Initial Public Offering (IPOs): One of the greatest advantages of Kaynet Finance and Khandwala Securities broker is that you can also invest in IPOs. Kaynet Finance also has an added advantage that they provide you with robo-advisory services as well.

Trading Exposure: Different brokers provide different trading exposures. Kaynet Finance offers trading exposure of up to Upto 10x, while Khandwala Securities gives up to Upto 5x.

Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Kaynet Finance and Khandwala Securities, you can invest in mutual funds through SIP and Lumpsum.

Forex Trading: With Forex Trading, you can trade in various international currencies. Kaynet Finance and Khandwala Securities also allow you to trade in forex trading.

FeaturesKaynet FinanceKhandwala Securities
Equity Delivery TradingYesYes
Equity Intraday TradingYesYes
Equity Futures TradingYesYes
Equity Options TradingYesYes
Currency TradingYesYes
Commodity TradingYesYes
IPO (Initial public offering)YesYes
Stocks SuggestionsNoNo
Robo AdvisoryNoNo
PMS (Portfolio Management Services)NoNo
Trading InstitutionNoNo
Trading ExposureUpto 10xUpto 5x
Mutual FundsNoNo
SIP (Systematic Investment Plan)NoNo
Forex TradingNoNo
BankingNoNo
InsuranceNoNo

Kaynet Finance and Khandwala Securities Advisory Services

Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-

Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.

Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Kaynet Finance and Khandwala Securities offer you in-depth research reports.

Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.

Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.

Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.

Advisory ServicesKaynet FinanceKhandwala Securities
Fundamental ReportsNoNo
Research ReportsNoNo
Company ReportsNoNo
Annual ReportsNoNo
Company Stock ReviewNoNo
Free Stock TipsYesYes
IPO ReportsYesYes
Top PicksYesYes
Daily Market ReviewYesYes
Monthly ReportsYesYes
Weekly reportsYesYes
Offline AdvisoryYesYes
Relationship ManagerYesYes

Kaynet Finance and Khandwala Securities Desktop Trading Platforms

A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Kaynet Finance and Khandwala Securities offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.

Desktop Trading PlatformsKaynet FinanceKhandwala Securities
WindowsYesYes
MacYesYes
Desktop BrowserNoNo

Kaynet Finance and Khandwala Securities Mobile Trading Platforms

Kaynet Finance and Khandwala Securities offer you mobile trading platforms which can be used in iOS and Android applications.

Mobile Trading PlatformsKaynet FinanceKhandwala Securities
Mobile BrowserNoNo
Android AppYesYes
iOS AppYesYes
Windows AppNoNo
Other mobile osNoNo

Kaynet Finance and Khandwala Securities Customer Support

Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Kaynet Finance and Khandwala Securities give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.

Customer Support FeaturesKaynet FinanceKhandwala Securities
Relationship ManagerNoNo
Offline TradingYesYes
Online TradingYesYes
24 * 7 SupportNoNo
Email SupportYesYes
Chat SupportNoNo
Toll free numberNoNo
Support Branches2813

Kaynet Finance and Khandwala Securities Customer Complaints

The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Kaynet Finance and Khandwala Securities registered and resolved complaints.

For Kaynet Finance, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.

For Khandwala Securities, the Percentage of resolved BSE complaints is NaN % and the Percentage of resolved NSE complaints is 100.00 %.

We can say that Kaynet Finance is better than Khandwala Securities in case of resolving customer complaints.

BSE ComplaintsKaynet FinanceKhandwala Securities
BSE Complaints30
BSE Resolved Complaints30
Percentage of resolved BSE complaints100.00 %NaN %
NSE Complaints132
NSE Resolved Complaints132
Percentage of resolved NSE complaints100.00 %100.00 %
BSE/NSE Complaint vs. Resolved Percentage100.00 %NaN %

Frequently Asked Questions


  1. Is Kaynet Finance better than Khandwala Securities?

    Kaynet Finance and Khandwala Securities are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.

  2. Is Khandwala Securities better than Kaynet Finance?

    Khandwala Securities and Kaynet Finance are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.

  3. Which is cheaper between Kaynet Finance and Khandwala Securities?

    Kaynet Finance and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.

  4. Which is better, Kaynet Finance and Khandwala Securities?

    To figure out which of the two stockbrokers, Kaynet Finance and Khandwala Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.


Compare Kaynet Finance with other stock brokers

Visit the following pages to see a detailed comparision report of Kaynet Finance with other brokerage firms.


Compare Khandwala Securities with other stock brokers

Visit the following pages to see a detailed comparision report of Khandwala Securities with other brokerage firms.