Zerodha vs Kotak Securities

Complete charge comparison — every fee, calculated. ₹50,000 delivery trade baseline.

★ Editor's Pick

Discount

Zerodha CHEAPER

₹126.85

Total cost on ₹50K delivery trade

Full-Service

Kotak Securities

₹367.51

Total cost on ₹50K delivery trade

VERDICT — ₹50,000 DELIVERY TRADE

Zerodha costs ₹240.66 less on a ₹50,000 delivery trade. Zerodha charges lower brokerage on delivery. On an annual basis, Zerodha saves ₹14839 for a long-term investor making 5 delivery trades per month.

Side-by-Side Charge Comparison

Charge	Zerodha	Kotak Securities	Difference
Delivery Brokerage	Zero	0.2%	Differs
Intraday Brokerage	0.03% or ₹20	₹10 or 0.05%	Differs
F&O Options	₹20/order	₹10/order	Differs
DP Charge	₹15.34/scrip	0.04% min ₹20	₹240.66 gap
AMC / year	₹88.50/yr	₹600/yr	Differs
MTF Interest	14.6% p.a.	14.97% p.a.	Differs
API Access	₹2,000/mo (Kite Connect)	Free (Kotak Neo)	—
Call & Trade	₹59	₹57.82	—
Networth	₹13,500 Cr	₹7,900 Cr	Financial strength
Total (₹50K delivery)	₹126.85	₹367.51	₹240.66 gap

Annual Cost — Long-Term Investor

	Zerodha	Kotak Securities
Annual cost	₹7332/yr	₹22171/yr
Cheaper by	Zerodha saves ₹14839/year

Choose Zerodha if you...

Long-term investors
Options traders
Algo traders
Active intraday traders

Choose Kotak Securities if you...

Kotak Bank customers
Research-driven investors
F&O traders needing full service

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Charges sourced from official broker websites and NSE filings. Regulatory charges (STT, exchange fee, SEBI fee, stamp duty = ₹111.24 on ₹50K delivery) are identical at every broker. Budget 2026: futures STT raised to 0.05%, options STT to 0.15%, effective April 1 2026. Always verify current charges before trading. Not investment advice.