Compare stock brokers

VS

Kotak Securities vs. Achiievers Equities

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 Kotak Securities and Achiievers Equities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Kotak Securities and Achiievers Equities.


Overview

Kotak Securities is public company and Achiievers Equities is private company. Kotak Securities operates as a full service Broker, while Achiievers Equities functions as a discount broker. Uday Raj Kotak co-founded Kotak Securities in 1994. And Achiievers Equities was founded in the year 1999 by Suman Chakrvarty. Kotak Securities's headquarters are in Mumbai, India and Achiievers Equities's headquarters are in Kolkata, West Bengal.

Kotak Securities operates as a full service Broker, while Achiievers Equities functions as a discount broker. Kotak Securities is registered in BSE, NSE, MCX, NCDEX, while Achiievers Equities is registered in NSE, BSE and MCX. The total branches of Kotak Securities are 1209 and the Achiievers Equities branches are 1.

OverviewKotak SecuritiesAchiievers Equities
Broker TypeFull Service BrokerDiscount Broker
Type of companyPublicPrivate
HeadquarterMumbai, IndiaKolkata, West Bengal
FoundersUday Raj KotakSuman Chakrvarty
Foundation Year19941999
Supported ExchangesBSE, NSE, MCX, NCDEXNSE, BSE and MCX
Total branches12091

Kotak Securities and Achiievers Equities 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 Kotak Securities charging Zero and Achiievers Equities charging Rs.750.

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 Kotak Securities Demat account is Free or Rs.300 per Annum and for the Achiievers Equities Demat account is Free. The Trading AMC for Kotak Securities and Achiievers Equities 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 Kotak Securities and Achiievers Equities is CDSL.

Account Opening and Demat ChargesKotak SecuritiesAchiievers Equities
Trading Account Opening ChargesZeroRs.750
Demat AMC (Annual Maintenance Charges)Free or Rs.300 per AnnumFree
Trading AMC (Annual Maintenance Charges)Rs.500 per AnnumFree
Margin MoneyMinimum Rs.25,000Zero Margin
Offline to Online ChargesNot applicableYes
DepositoryNSDL & CDSLCDSL & NSDL

Kotak Securities and Achiievers Equities 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 Kotak Securities is 0.49%, while Achiievers Equities charges you Rs.15 per executed order.

Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Kotak Securities is 0.49% and for Achiievers Equities also, it is Rs.15 per executed order.

Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Kotak Securities charge 0.49% and Achiievers Equities charge Rs.15 per executed order 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, Kotak Securities charges Rs.100 per Lot, and Achiievers Equities charges Rs.15 per executed order.

Equity Brokerage ChargesKotak SecuritiesAchiievers Equities
Equity Delivery Brokerage0.49%Rs.15 per executed order
Equity Intraday Brokerage0.49%Rs.15 per executed order
Equity Futures Brokerage0.49%Rs.15 per executed order
Equity Options BrokerageRs.100 per LotRs.15 per executed order

Kotak Securities and Achiievers Equities 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 Kotak Securities is 0.049% and for Achiievers Equities is Rs.15 per executed order.

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. Kotak Securities charges Rs.70 per Lot for currency options, whereas Kotak Securities charges Rs.15 per executed order.

Currency Brokerage ChargesKotak SecuritiesAchiievers Equities
Currency Futures Brokerage0.049%Rs.15 per executed order
Currency Options BrokerageRs.70 per LotRs.15 per executed order

Kotak Securities and Achiievers Equities 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. Kotak Securities charges NA for commodity trading, while Achiievers Equities charges Rs.15 per executed order.

Commodity Brokerage ChargesKotak SecuritiesAchiievers Equities
Commodity Options BrokerageNARs.15 per executed order

Kotak Securities and Achiievers Equities Other Charges

Here are some other broker charges that should know about -

Minimum Broker Charges: Kotak Securities levies a minimum brokerage fee of Rs.21 per Trade, while Achiievers Equities charges Rs.15 brokerage fee.

Transaction Brokerage Charges: Kotak Securities levies a transaction brokerage charge of 0.00320% of Total Turnover, while Achiievers Equities charges 0.00280% of Total Turnover.

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 Kotak Securities is 0.0002% of Total Turnover and for Kotak Securities 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 Kotak Securities are 0.0126% of Total Turnover, while for Achiievers Equities, they are 0.0115% of Total Turnover.

Call and Trade Charges: This charge varies for different brokers. Kotak Securities charges Rs 20 per call after first 20 free calls in a month and Achiievers Equities charges Rs 20 per trade.

Other Brokerage ChargesKotak SecuritiesAchiievers Equities
Minimum Brokerage ChargesRs.21 per TradeRs.15
Transaction Brokerage Charges0.00320% of Total Turnover0.00280% of Total Turnover
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 Turnover0.0115% of Total Turnover
Call and Trade ChargesRs 20 per call after first 20 free calls in a monthRs 20 per trade

Kotak Securities and Achiievers Equities 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 Kotak Securities is up to Upto 10x and by Achiievers Equities it is up to Upto 2x.

Equity Intraday: Leverage for equity intraday by Kotak Securities is up to Upto 20x and by Achiievers Equities it is up to Upto 5x.

Equity Futures: Leverage for Equity Futures by Kotak Securities is up to Upto 10x and by Achiievers Equities it is up to Upto 3x.

Equity Options: Leverage for Equity Options by Kotak Securities is up to Upto 20x and by Achiievers Equities also, it is up to Upto 3x.

Equity LeverageKotak SecuritiesAchiievers Equities
Equity DeliveryUpto 10xUpto 2x
Equity IntradayUpto 20xUpto 5x
Equity FuturesUpto 10xUpto 3x
Equity OptionsUpto 20xUpto 3x

Kotak Securities and Achiievers Equities Currency Leverage

The currency futures leverage provided by Kotak Securities is up to Upto 10x, while for Achiievers Equities it is up to Upto 2x.

The currency options leverage provided by Kotak Securities is up to Upto 15x, while for Achiievers Equities it is up to Upto 2x.

Currency LeverageKotak SecuritiesAchiievers Equities
Currency FuturesUpto 10xUpto 2x
Currency OptionsUpto 15xUpto 2x

Kotak Securities and Achiievers Equities Commodity Leverage

The commodity leverage provided by Kotak Securities is up to Upto 10x, while for Achiievers Equities it is up to Upto 2x.

Commodity LeverageKotak SecuritiesAchiievers Equities
CommodityUpto 10xUpto 2x

Kotak Securities and Achiievers Equities 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.

OffersKotak SecuritiesAchiievers Equities
Free Stock Trading AccountNoYes
Free Demat AccountYesNo
Flexible PlansYesYes
Brokerage DiscountsNoYes
Happy HoursYesNo
1 Month Free PlanNoNo
Holiday OffersNoYes
Referral ProgramNoYes
Zero Brokerage on Loss TradesYesNo

Kotak Securities and Achiievers Equities Features

Equity Trading: Kotak Securities and Achiievers Equities 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: Kotak Securities and Achiievers Equities also offer you to trade in currency and commodities.

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

Trading Exposure: Different brokers provide different trading exposures. Kotak Securities offers trading exposure of up to Upto 12x, while Achiievers Equities 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 Kotak Securities and Achiievers Equities, you can invest in mutual funds through SIP and Lumpsum.

Forex Trading: With Forex Trading, you can trade in various international currencies. Kotak Securities and Achiievers Equities also allow you to trade in forex trading.

FeaturesKotak SecuritiesAchiievers Equities
Equity Delivery TradingYesYes
Equity Intraday TradingYesYes
Equity Futures TradingYesYes
Equity Options TradingYesYes
Currency TradingYesYes
Commodity TradingNoYes
IPO (Initial public offering)YesYes
Stocks SuggestionsNoNo
Robo AdvisoryNoNo
PMS (Portfolio Management Services)YesNo
Trading InstitutionNoNo
Trading ExposureUpto 12xUpto 5x
Mutual FundsYesYes
SIP (Systematic Investment Plan)YesYes
Forex TradingNoNo
BankingYesNo
InsuranceYesNo

Kotak Securities and Achiievers Equities 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. Kotak Securities and Achiievers Equities 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 ServicesKotak SecuritiesAchiievers Equities
Fundamental ReportsYesYes
Research ReportsYesNo
Company ReportsYesNo
Annual ReportsYesNo
Company Stock ReviewNoNo
Free Stock TipsYesYes
IPO ReportsYesNo
Top PicksNoYes
Daily Market ReviewYesYes
Monthly ReportsYesYes
Weekly reportsYesYes
Offline AdvisoryYesNo
Relationship ManagerYesNo

Kotak Securities and Achiievers Equities 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. Kotak Securities and Achiievers Equities 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 PlatformsKotak SecuritiesAchiievers Equities
WindowsYesYes
MacYesYes
Desktop BrowserYesYes

Kotak Securities and Achiievers Equities Mobile Trading Platforms

Kotak Securities and Achiievers Equities offer you mobile trading platforms which can be used in iOS and Android applications.

Mobile Trading PlatformsKotak SecuritiesAchiievers Equities
Mobile BrowserYesNo
Android AppYesNo
iOS AppYesNo
Windows AppNoNo
Other mobile osNoNo

Kotak Securities and Achiievers Equities 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. Kotak Securities and Achiievers Equities 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 FeaturesKotak SecuritiesAchiievers Equities
Relationship ManagerYesNo
Offline TradingYesNo
Online TradingYesYes
24 * 7 SupportYesNo
Email SupportYesYes
Chat SupportNoNo
Toll free numberNoNo
Support Branches1600

Kotak Securities and Achiievers Equities 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 Kotak Securities and Achiievers Equities registered and resolved complaints.

For Kotak Securities, the Percentage of resolved BSE complaints is 98.38 % and the Percentage of resolved NSE complaints is 94.69 %.

For Achiievers Equities, the Percentage of resolved BSE complaints is 88.89 % and the Percentage of resolved NSE complaints is 88.00 %.

We can say that Kotak Securities is better than Achiievers Equities in case of resolving customer complaints.

BSE ComplaintsKotak SecuritiesAchiievers Equities
BSE Complaints18518
BSE Resolved Complaints18216
Percentage of resolved BSE complaints98.38 %88.89 %
NSE Complaints22625
NSE Resolved Complaints21422
Percentage of resolved NSE complaints94.69 %88.00 %
BSE/NSE Complaint vs. Resolved Percentage96.53 %88.44 %

Frequently Asked Questions


  1. Is Kotak Securities better than Achiievers Equities?

    Kotak Securities is a full service broker and Achiievers Equities is a discount broker. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.

  2. Is Achiievers Equities better than Kotak Securities?

    Achiievers Equities is a discount broker and Kotak Securities is a full service broker. 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 Kotak Securities and Achiievers Equities?

    Being a full-service broker, Kotak Securities tends to have higher brokerage charges, while Achiievers Equities, being a discount broker, offers comparatively cheaper rates. 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, Kotak Securities and Achiievers Equities?

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


Compare Kotak Securities with other stock brokers

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


Compare Achiievers Equities with other stock brokers

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