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Kotak Securities launches no brokerage plan to attract traders
March 22, 2022
To attract young and first-time investors to the organization, Kotak Securities on Monday announced the launch of its “No Brokerage Plan” for all young traders beneath the age of 30.
The arrangement is liberated from any business charge for all clients under 30, including delivery trades and intraday trades across equity, currency, commodity, and F&O segments. However, the intermediary will charge a yearly expense of ₹499 for this plan.
Generally, delivery trades are free with discount brokers, yet they charge a proper expense for intraday and derivatives trades. This is proper for the individuals who exchange intensely and need to save money on brokerage costs.
This arrangement is accessible for all independent investors and brokers, the organization said. The individuals who exchange through vendors or other assistance chiefs will be charged the fitting business according to their chosen plans. New clients who settle on the ‘No Brokerage Plan’ will likewise get vouchers worth ₹1,998 post onboarding.
“We have seen a flood in the new-to-exchange and youthful merchants ongoing months. The most recent ‘No Brokerage Plan’ presented by Kotak Securities will be a welcoming step. A large group of significant worth added services and research insights by our expert analysts are additionally important for the contribution. The young investors can begin their trading journey with us with five steps online,” said Suresh Shukla, Joint President, Kotak Securities.
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- 4-IN-1 Professional Diploma in Banking, Financial Services & Insurance (PDBFSI): https://ask.careers/courses/4-in-1-professional-diploma-in-banking-financial-services-insurance-pdbfsi/
- Mumbai: https://ask.careers/cities/mumbai/
- TSCFM: https://ask.careers/institutes/tscfm/
