Download - Stock market and their services
STOCK MARKET
What is stock market?
• A stock market or equity market is a public entity for the trading of company stock(shares) and derivatives at an agreed price.
Stockholders are the legal owners of a corporationthey have a residual claim to all earnings and assets after debt and tax claims are satisfiedvoting rights (e.g., to elect board of directors)shareholders do not exercise control (elected board chooses CEO, etc.)
Stock Market Securities
Two types of corporate stock exist
Common stock the fundamental ownership claim in a public corporation
Preferred stocka hybrid security that has characteristics of both bonds and common stock
Characteristics of Common Stock
Dividendspayment and size of dividends is determined by the board of directors of the issuing firm.
Residual Claimin the event of liquidation, common stockholders have the lowest priority in terms of any cash distribution.
Limited Liabilitycommon stockholders losses are limited to the amount of their original investment in the firm.
Voting Rights
Characteristics of Preferred Stock
Similar to common stock in that it represents an ownership interest but, like bonds, pays a fixed periodic dividend
Senior to common stock but junior to bonds
Generally do not have voting rights
Nonparticipating preferred stockdividend is fixed regardless of any increase or decrease in the firm’s value
Cumulative preferred stockmissed dividend payments go into arrears and must be made up before common stock dividends can be paid
Financial Market
SECURITIES AND EXCHANGE BOARD OF INDIA
SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) : SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) The Securities and Exchange Board of India was established on April 12, 1992 in accordance with the provisions of the Securities and Exchange Board of India Act, 1992.
PREAMBLE:The preamble of SEBI describes its basic functions as “…..to protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto” :
SEBIregulates
PrimaryMarket
Secondary Market
MutualFunds
Foreign InstitutionalInvestment
Primary and Secondary Markets Overview
Primary MarketThe primary market is that part of the capital markets that deals with the issuance of new securities.
Companies, governments or public sector institutions can obtain bonds through the sale of a new stock or bond issue and is typically done through a syndicate of securities dealers.
The process of selling new issues to investors is called underwriting. In the case of a new stock issue, this sale is an initial public offering (IPO).
Primary markets create long term instruments through which corporate entities borrow from capital market.
Primary and Secondary Markets Overview
Secondary Markets(trading of shares among investors)
The secondary market/aftermarket ,is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.
Secondary Markets Characteristics
Trading LocationsCentral ExchangeOver-the-counter
Market StructureContinuousCall market
Stock Exchanges
BOMBAY STOCK EXCHANGE(BSE) :
# Bombay Stock Exchange is the oldest stock exchange in Asia.# BSE was established as "The Native Share & Stock Brokers' Association" in 1875# Today BSE is the world’s no. 1 exchange in terms of the number of listed companies and the world’s 5th in transaction numbers
NATIONAL STOCK EXCHANGE(NSE) :
The National Stock Exchange of India Limited is a Mumbai-based stock exchange. It is the largest stock exchange in India in terms of daily turnover and number of trades.It is mutually owned by a set of leading financial institutions, banks, insurance companies and other financial intermediaries in India. NSE is the third largest stock exchange in the world.
Stock Exchanges
STOCK MARKET INDEX : A stock market index is a method of measuring a section of the stock market. An index has a numerical value When an ‘index’ goes up or down, it reflects an increase or decrease, respectively, in the total value of those stocks.
BSE SENSEX : BSE Sensex or Bombay Stock Exchange Sensitive Index is a value-weighted index composed of 30 stocks that started on January 1, 1986. The Sensex is regarded as the pulse of the domestic stock markets.
• Sometimes the market seems to react irrationally to economic or financial news. This may 'temporarily' move financial prices away from their long term aggregate price 'trends'. (Positive or up trends are referred to as bull markets; negative or down trends are referred to as bear markets). Over-reactions may occur—so that excessive optimism (euphoria) may drive prices unduly high or excessive pessimism may drive prices unduly low.
Stock markets and the financial risk
Stock Market Companies
Discussing 4 major companies of stock market
Sharekhan
COMPONY PROFILE Name of the company : Sharekhan ltd.
Year of Establishment : 1922
Headquarter : ShareKhan SSKI A-206 Phoenx House,Phenoix mills Compound lower parel ,Mumbai Maharashtra , INDIA- 400013
Nature of Business : Service Provider
Services :Depository services Online Services Technical Research
Number of Employees : Over 3500
Website : www.sharekhan.com Slogan : Your Guide to financial jungle.
Sharekhan
Sharekhan.com is the finest investment portal for India stock market. The well designed website provides wide range on investment options, latest stock market updates and many tools for investors.
Sharekhan offers verity of accounts to suite customer requirement. These accounts include Sharekhan First Step Account Sharekhan ClassicAccount Sharekhan Trade Tiger Account Portfolio Mgmt Services (PMS) though Sharekhan Platinum Circle Account.
Sharekhan
Sharekhan Brokerage Charges 2013Account Opening Fees & Annual maintenance charges (AMC)Trading Account Opening Charges (One Time): Rs 750 (Classic Account), Rs 1000 (Trade Tiger Account)Trading Annual maintenance charges (AMC): Rs 400 (First year remains free)Demat Account Opening Charges (One Time): Included in trading account opening chargesDemat Account Annual Maintenance Charges (AMC): Rs. 400 (Free for 1st year with trading account.)
Trading BrokeragesIntra-day Trades: 0.1% on the buy side and 0.1% on the sell side.Delivery Based Trades: 0.5% or 10 paise per share or Rs. 16/- per scrip whichever is higher.F&O Trades: 0.1% on the first leg and 0.02% on the second leg if squared off on the same day and 0.1% if squared off on any other day.Options Trades: Rs. 100/- per contract or 2.5% on the premium (which ever is higher).
Sharekhan
Margin Scheme Cash Leg 1 Cash Leg 2 Delivery Future Leg1Future Leg 2 same day
Future next day
Option
25 K 0.1 0.1 0.5 0.1 0.02 0.1 Higher of 2.5% of premium or Rs 100
30 K 0.1 0 0.5 0.1 0 0.1 Higher of 2.5% of premium or Rs 100
40 K 0.09 0 0.45 0.09 0 0.09 Higher of 2.25% of premium or Rs 95
50 K 0.07 0 0.4 0.07 0 0.07 Higher of 1.5% of premium or Rs 80
1 Lakh 0.05 0 0.25 0.05 0 0.05 Higher of 1% of premium or Rs 70
3 Lakh 0.04 0 0.2 0.04 0 0.04 Higher of 1% of premium or Rs 50
5lakhs 0.03 0 0.18 0.03 0 0.03 Higher of 0.75% of premium or Rs 40
10 Lakhs 0.02 0 0.15 0.02 0 0.02 Higher of 0.60% of premium or Rs 30
20 Lakhs 0.015 0 0.1 0.015 0 0.015 Higher of 0.55% of premium or Rs 25
Sharekhan Post Paid Plans
Sharekhan
Amount (Rs)
PeriodCash Leg 1
Cash Leg 2
Delivery Future Leg 1Future Leg 2 same day
Future next day
OptionIntraday transaction
Delivery transaction
Default 0.1 0.1 0.5 0.1 0.02 0.1Higher of 2.5% of premium or Rs 100
750 6 months 0.1 0 0.5 0.1 0 0.1Higher of 2.5% of premium or Rs 100
7,50,000 1,50,000
1000 6 months 0.09 0 0.45 0.09 0 0.09Higher of 2.25% of premium or Rs 95
11,11,111 2,22,222
2000 Annual 0.07 0 0.4 0.07 0 0.07Higher of 1.5% of premium or Rs 80
28,57,143 5,00,000
6000 Annual 0.05 0 0.25 0.05 0 0.05Higher of 1% of premium or Rs 70
1,20,00,000 24,00,000
18000 Annual 0.04 0 0.2 0.04 0 0.04Higher of 1% of premium or Rs 50
4,50,00,000 90,00,000
30000 Annual 0.03 0 0.18 0.03 0 0.03Higher of 0.75% of premium or Rs 40
10,00,00,000 1,66,66,667
60000 Annual 0.02 0 0.15 0.02 0 0.02Higher of 0.50% of premium or Rs 30
30,00,00,000 4,00,00,000
100000 Annual 0.015 0 0.1 0.015 0 0.015Higher of 0.55% of premium or Rs 25
66,66,66,667 10,00,00,000
200000 Annual 0.005 0.005 0.08 0.005 0.005 0.005 Flat Rs 10 2,00,00,00,000 25,00,00,000
Sharekhan Pre Paid Plans
Service provided by company
Services offered by Sharekhan SHARE OFFLINE: Sharekhan provides complete trading facility like they are giving Toll free numbers the phone trading facility as an alternative of net trading where a customer can call “n” number of times. Toll Free numbers: 1800-22-7500 1800-22-7050 Local number : 079-30307600 (chargeable)
DERIVATIVES: Derivatives is a product whose derives from the value of their underline assets. i.e.:-share, index, bond, rupee- dollar exchange rate, sugar, crude oil etc. Futures Option - Call - Put
Services offered by Sharekhan
COMMODITIES: Sharekhan provides commodity facility.
Sharekhan trades on two major commodity exchanges in India.
MCX (Multi Commodity Exchange of India Ltd)NCDEX ( National Commodity & Derivatives Exchange Limited )
PORTFOLIO MANAGEMENT SERVICES:There are two types of PMS in Sharekhan Limited
PRO PRIME:-• It uses in-depth independent fundamental research.
PROTECH (Technical)• It uses Technical research.
Services offered by Sharekhan
Currency Trading: Currency trading means to trade in currency of
different countries and price varies because of supply and demand.
Sharekhan is providing offline currency trading facility.
ADVISORY PRODUCT: Sharekhan provide Advisory Products by which customer can get proper advise for investing their money in proper way by which they can earn more profit.
1. Top picks Portfolio 2. 123 portfolios 3. Smart Trade Portfolio 4. Derivatives Portfolio 5. Nifty Portfolio6. Portfolio Doctor
FUNDMENTAL RESEARCH:-
Growth Plan Analysis
Company Plan Analysis
Economic Analysis
Balance Sheet Analysis
Valuation Of Company
TECHNICAL RESEARCH
Graph & Chart.
Past Price
Volume data
Going Average
Services offered by Sharekhan
Services offered by Sharekhan
DEPOSITORY SERVICES
Sharekhan is one of the depositories.
Sharekhan register on both Depository participant.
• NSDL
• CDSL
SWOT Analysis of Sharekhan STRENGTHS It is a pioneer in online trading with a turnover of Rs.400crores and more than 3000 peoples working in the organization. Employees are highly empowered and strong communication network.Number 1 registrar and transfer agent and dealer of investment products in India Good co-operation between employees.
WEAKNESS Localized presence due to insufficient investments for country wide expansion. High brokerage charges but now they have overcome this by a new prepaid scheme in which brokerage is reduced to half. High employee turnover Lack of awareness among customers because of non-aggressive promotional strategies (print media, newspapers, etc).
SWOT analysis of Sharekhan OPPORTUNITIESWith the booming capital market it can successfully launch new services and raise its client’s base. Marketing at rural and semi-urban areas. Increasing usage of online trading may boost a whole new breed of investors for trading in securities. As interest on fixed deposits with post office and banks are all time low, more and more small investors are entering into stock market.
THREATS Lack of sufficient branch-offices for speedy delivery of services. Increasing number of Competitors. Constant pressure to be cost competitive to meet customer’s expectations. Aggressive promotional strategies by close competitors may hamper ShareKhan’s acceptance by new clients.
Motilal oswal
Name of the company : Motilal Oswal Securities Ltd
Year of Establishment : 1987
Headquarter : Mumbai (Maharashtra)
Nature of Business : Service Provider
Services : Wealth Management
Broking & DistributionCommodity BrokingPortfolio Management ServicesInstitutional Equities
Private Equity Investment Banking Services and Strategies.
Website : www.motilaloswal.com/
Slogan : Solid research solid advice; Knowledge First.
Motilal oswal
Motilal Oswal Brokerage Charges 2013Account Opening Fees & Annual maintenance charges (AMC)Trading Account Opening Charges (One Time): Rs. 0Trading Annual maintenance charges (AMC): -Demat Account Opening Charges (One Time): -Demat Account Annual Maintenance Charges (AMC): Rs. 441
Trading Brokerages:
For Value Pac (Value 2,500)Intra-day Trades: 0.080%Delivery Based Trades: 0.40%F&O Trades: 0.090%Options Trades: Rs. 100/- per contractFor Margin Scheme (Margin 10,000)Intra-day Trades: 0.10%Delivery Based Trades: 0.50%F&O Trades: 0.10%Options Trades: Rs. 100/- per contract
Motilal oswal
Motilal Oswal's Trading PlatformsWeb Platform:Web Platform is suited for first time investors who want a clean and simple interface. Investor can trade from any internet connected PC and place the order with instant confirmation.Desktop Platform:Desktop Platform is suitable for those investors and traders who want live market watch and faster execution.Mobile Platform:Mobile platform works on most GPRS enabled mobile phones. Investor can directly buy/sell from market watch. It also provides the facility to modify or cancel the pending orders.Call N Trade:Call N Trade Platform is suitable when investor don't have online access to their trading site. All Motilal Oswal customers enjoy Call N Trade services at no additional cost.
Motilal oswal’s marketing objectives
Sales: To increase the sales of MOSL Mr. Harit Oberoi had started recruiting sales agent for Motilal Oswal. Agents in the sense that person might be working in any of the firm but that person should have already created a good network. So that these agents can do the sales for Motilal Oswal these agents also get the training from Motilal Oswal at free of cost in the Motilal Oswal’s office. Training including basic equity market and basic product knowledge. By recruiting new agents MOSL is increasing their sales because people that are recruited have their personal contacts that they think are capable of investing in the market. After the sales MOSL have assistant managers (AMs) and HNI (high networth individuals) working for the MOSL as their paramagnet employees who bring their customers and increase the sales.
Motilal oswal securities ltd have very specific marketing objectives and they are basically as follows:
• Sales• Maximization of resources• Minimizing the cost
Motilal oswal’s marketing objectives
Maximization of resources: In MOSL management uses their AMs (assistant managers) and HNI (high networth individuals). To use maximum use of their resources MOSL provide the data of the customers and either by generating from computers or taking data from some other companies. Some times for the better data and promotion MOSL put hording and do promotional activity in higher societies or in corporate. These promotional activities are done by agents and to help them or to assistant managers assist the agents. As we know that MOSL is concentrated only on high networth clients they provide data of that clients only who have account have big companies or banks.
Minimizing the cost: For minimizing the cost MOSL had taken several steps such as stop recruiting new comers or downsizing the staff. They have also started recruiting agents so as to minimize the cost. MOSL is not paying any fixed salary to the agents but instead of that they are providing higher incentives then their existing employees i.e. assistant managers (AMs) or high networth individual (HNI). Management had decided to give 25% to 30% of business what the sales agents provide to Motilal Oswal. In this way they collect profit of 70% to 75 % and they have done the indirect sales to the agents and can have bulk of clients through these agents.
SWOT Analysis of Motilal oswal
STRENGTHWide range of financial products and focus on premium traders
Emphasis is on efficient execution of trades
Strong private equity operations
Have over 1500 offices in India
Financial products and services such as Wealth Management, Broking & Distribution, Commodity Broking, Portfolio Management Services, Institutional Equities, Private Equity, Investment Banking Service.
WEAKNESSLess penetration in developing cities
Lack of advertising causes low awareness amongst investors
SWOT Analysis of Motilal oswal
OPPORTUNITYGrowing rural market
Earning Urban Youth looking for investments.
WEAKNESS
Stringent Economic measures by Government and RBI
Entry of foreign finance firms in Indian Market
ICICIdirect.com
COMPONY PROFILE Name of the company : ICICI Securities ltd.
Year of Establishment :1994
Headquarter :ICICI Securities Limited, Mumbai ICICI Centre, H.T. Parekh Marg, Churchgate, Mumbai - 400 020. India.
Nature of Business : Service Provider
Services : Equity, Derivatives, Currency Futures, IPO, Mutual Funds, ETF, Fixed Deposits, Loans, Tax Services, New Pension Systems and Insurance.
Website : www.icicidirect.com/
Slogan :Investment on your finger tips
ICICIdirect.com
ICICIdirect is an online trading and investment platform on ICICI Securities, the largest stock broker firm in India providing a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group, India's top financial service provider offering banking and other financial services.
ICICIdirect.com is the most visited investment portal in India and by NRI's living across countries. It is one website which provides options to invest in over 20 financial products including Equity, Derivatives, Currency Futures, IPO, Mutual Funds, ETF, Fixed Deposits, Loans, Tax Services, New Pension Systems and Insurance.
ICICIDirect Trades In: BSE and NSE
ICICIdirect.comICICIDirect Brokerage Charges 2013
Trading Account Opening Charges (One Time): Rs. 975Trading Annual maintenance charges (AMC): Rs 0latest brokerage information on ICICIDirect website.Demat Account Opening Charges (One Time): Rs. 100 (for Agreement Stamp Paper)Demat Account Annual Maintenance Charges (AMC): Rs. 500 (Rs 0/- for 1st year with 3 in 1 Account)Other Demat Service Charges & Fees
I - Saver Plan I - Secure Plan
Total Eligible Turnover (Per calendar Quarter)
Brokerage (%)Effective Brokerage on Intraday Squareoff
Total Eligible Turnover (Per calendar Quarter)
Brokerage (%)Effective Brokerage on Intraday Squareoff
Above Rs. 5 Crores 0.25 0.125% Irrespective of turnover 0.55 0.275%
Rs.2 Crores to 5 Crores 0.30 0.150%
Rs.1 Crores to 2 Crores 0.35 0.175%
Rs.50 Lakhs to 1 Crores
0.45 0.225%
Rs.25 Lakhs to 50 Lakhs
0.55 0.275%
Rs.10 Lakhs to 25 Lakhs
0.70 0.350%
Less than Rs.10 Lakhs 0.75 0.375%
ICICIdirect.com
ICICI offers 2 types of brokerage plans to its customer:
I-Secure Plan (Flat brokerage Plan)This plan offers Flat Brokerage (in %) irrespective of turnover value. This plan is suitable for traders / investors looking at secured and fixed brokerage.
I-Saver Plan (Variable brokerage plan)This plan offers brokerage based on the trading volume i.e. high brokerage for low volume and low brokerage for high volume trades. This plan suitable for traders / investors who trade in high volumes and can benefit from low brokerage.
Schemes for promotion
Distinguishing Features of ICICIDirect:3-1 account offers great flexibility and worry free transaction between Bank Account, Demat Account and Share Broker Account. Also the website (ICICIDirect.com) has wide ranges of investment products available. This makes investing easy.
"myGTC Orders" is a unique and a very useful feature offered by ICICIDirect. Using this facility, when placing a buy/sell order, a share trader can specify the date until when the order will be valid. GTC is short form of 'Good Till Cancel'.
For example – You can place an order to buy Reliance Industries shares at Rs 700 (say current market price is Rs 750) and keep the myGTC date, say, one month from now. In this case you order will be valid for next one month at Rs 700. If the share reaches at this price in next one month, the order will automatically execute. It's a hassle free service which helps a lot to many of the investors who has a price in mind and do not want to miss the opportunity to buy/sell share when it reaches to that price.
SWOT Analysis of ICICIdirect.com
StrengthsManagement philosophy and commitment to maximize shareholders returns.
Upgraded product design and development facilities to develop new products and aid diversification.
Ongoing activities to support up gradation of operational performance and rise in productivity.
Team of talented and committed professionals available to improve companies performance .
Weakness Competition from cheap imports. Low customer base.
SWOT Analysis of ICICIdirect.com
OpportunitiesUFSL has initiated development of products for diesel application. This will provide tremendous scope for diversification and growth.
The introduction of new emission norms will provide UFSL opportunity to develop injection system and thereby upgrade the status of company from product to system supplier.
ThreatsConstant pressure to be cost competitive to meet customer expectation.Relentless pressure to maintain profitability due to rising input /raw material prices.
Kotak Securities
COMPONY PROFILE Name of the company : Kotak Securities ltd.
Year of Establishment :1994
Headquarter :Mumbai (Maharashtra)
Nature of Business : Service Provider
Services : Trading in Equity & Derivatives, Investment in IPO's, Mutual Funds, Fixed Deposits, Bonds and many more share market related investment products.
Employees 4,400
Website : http://www.kotaksecurities.com
Kotak Securities
Kotak Securities is a full services broker part of popular India based Kotak Mahindra Bank. The bank has over 1400 branches across India servicing more than 8 lakh customers.
Kotak Securities Limited is among the largest traditional broker in India providing wide range of investment options to its customers including Trading in Equity & Derivatives, Investment in IPO's, Mutual Funds, Fixed Deposits, Bonds and many more share market related investment products.
Kotak Securities
Kotak Securities Brokerage Charges 2013Account opening fees:Trading Account Opening Charges (One Time): Rs 750Trading Annual maintenance charges (AMC): Rs 0Demat Account Opening Charges (One Time): -Demat Account Annual Maintenance Charges (AMC): Rs 600 per annum
Trading Brokerages:Kotak Gateway (Variable Brokerage) (* All charges are on both sides)Delivery Based Trades Brokerages: 0.59% - 0.18% (For trading amount of '< 1lakh' to '> 2 crore')Intra-day Trades Brokerages: 0.06% - 0.03% (For trading amount of '< 25 lakhs' to '> 5 crore')F&O Trades Brokerages (Intraday): 0.07% - 0.023% (For trading amount of '< 2 crores' to '> 25 crores')F&O Trades Brokerages (Settlement): 0.09% - 0.032% (For trading amount of '< 2 crores' to '> 25 crores')Options Trades: Rs. 100/- per lot
Kotak Gateway (Fixed Brokerage) (* All charges are on both sides)Delivery Based Trades: 0.49%Intra-day Trades: 0.049%Futures Trades: 0.049%Options Trades: Rs. 100/- per lot or 1% on premium which ever is higher
Kotak Securities
Sr Account Head Rate Minimum Payable
1 DematerialisationRs.50/- per request and Rs.3/- per certificate
--
2 Rematerialisation Rs.10/- for 100 shares Rs. 15/-
3Debit Transactions - On Market and Off Market
0.04% of the value of securities (Plus NSDL charges as applicable)
Rs. 27/- (Plus NSDL charges as applicable)
4•Account Maintenance ChargesResident Indian•NRI
•Rs. 50/-per month•Rs. 75/-per month
--
5 Pledge Charges0.05% of the value of securities
Rs. 30/-
6 Invocation of Pledge0.04% of the value of securities
Rs. 30/-
7Charge for Client Master change intimation
Rs.25/-
Kotak Securities Demat Account Charges:
Kotak Securities's Trading Platforms
Kotak Securities offers multiple trading platforms to suite investor's requirement. Following are the trading platforms available by Kotak Sec:Website Based Trading – A stock trading website which can be accessed though any popular Web Browser. This is the most convenient and popular way to invest with Kotak Securities. Kotak also offers a light weight trading website 'Xtralite', which can be used by investors with slow speed internet.
Trading Terminals (KEATProX and FASTLANE) – Kotak offers two different trading terminal based application which are very popular among stock traders. KEATProX is an exe based installable desktop application providing fastest trading experience. FASTLANE is a Java applet based application which gives you a trading terminal kind of experience without any installation on your computer. FASTLANE gives KEATProX like features and the benefits of website based trading as it can be access from anywhere though web browser.
Mobile Stock Trading – Kotak offers high speed mobile based application to trade in Stock Market. Through this mobile app, a customer can Execute Trades, Monitor Portfolio, View Streaming Quotes and Intraday Charts.
Branch Advisory and Call & Trade – Kotak also offers trading facility though its 1400+ branches and though call centers using call & trade facility.
SWOT Analysis of Kotak securities
STRENGTHSKotak securities ltd is one of the largest players in distribution of IPO’sIt’s brokerage charges are almost half of other Web trade.
Highly co-operative and skilled staff. Sales oriented organization.
Effective and wider distribution network.It has a wide network of more than 1400 branches, franchisees representative offices, and satellite offices across 448 cities in India and offices in New York,London, Dubai, Mauritius and Singapore.
Process more than 400000 trades a day which is much higher than some of 55.
SWOT Analysis of Kotak securities
WEAKNESSNo presence in the rural and semi-urban segment.
Lack in making follow-ups.
Lack of corporate agents.
Lack of customer services and promotional activities.
OPPORTUNITIESThere is continuous growth in this sector.
People have started turning towards the organization as they know that facilities are far better than the others.
Market is fully vacant to capture because the branch has recently setup its business.
Comparison & Rating
Sharekhan Motilal oswal Icicidirect Kotak securities
Type of Broker
Full Service Broker
Full Service Broker
Full Service Broker
Full Service Broker
Supported Exchnage
BSE, NSE, MCX, NCDEX, NSEL
BSE, NSE, MCX, NCDEX
BSE, NSE, MCX
BSE, NSE, MCX-SX
Account Type
Classic Account
Margin 10,000 3-in-1 Account (I-Secure Plan)
Kotak Gateway - Fixed Brokerage
Broker Enquiry
Stock Broker Fees / Charges
Sharekhan Motilal oswal Icicidirect Kotak securities
Trading Account Opening Fees Rs 750 NILNIL
Rs 975 Rs 750
Trading Account AMC Rs 400 NILNIL
NIL NIL
Demat Account Opening Fees Not mentioned NILNIL
NIL NIL
Demat Account AMC Rs 400 Rs 441Rs 441
Rs 450 Rs 600
Customer Service Offered
Sharekhan Motilal oswal Icicidirect Kotak securities
Email Support
Online Live Chat
Phone Support
Toll Free Number
Through Branches
Broker Ratings (Average User Rating)
Sharekhan
(107 Customer Reviews)
Motilal oswal
(27 Customer
Reviews)
Icicidirect(169 Customer
Reviews)
Kotak securities(30 Customer
Reviews)
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating 3.6 / 5 3.6 / 5 2.6 / 5 3.7 / 5
Graph showing broker ratings
With the graph above we can infer that kotak securities get the highest rating among the four companies.