Kotak Securities vs ICICI Direct

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

Full-Service

Kotak Securities CHEAPER

₹367.51

Total cost on ₹50K delivery trade

Full-Service

ICICI Direct

₹430.11

Total cost on ₹50K delivery trade

VERDICT — ₹50,000 DELIVERY TRADE

Kotak Securities costs ₹62.60 less on a ₹50,000 delivery trade. Kotak Securities charges lower brokerage on delivery. On an annual basis, Kotak Securities saves ₹3895 for a long-term investor making 5 delivery trades per month.

Side-by-Side Charge Comparison

Charge	Kotak Securities	ICICI Direct	Difference
Delivery Brokerage	0.2%	0.25%	Differs
Intraday Brokerage	₹10 or 0.05%	0.05%	Differs
F&O Options	₹10/order	Plan-based	Differs
DP Charge	0.04% min ₹20	₹23.60/scrip	₹62.6 gap
AMC / year	₹600/yr	₹826 incl. GST	Differs
MTF Interest	14.97% p.a.	17.99% p.a.	Differs
API Access	Free (Kotak Neo)	Free	—
Call & Trade	₹57.82	₹50	—
Networth	₹7,900 Cr	₹4,500 Cr	Financial strength
Total (₹50K delivery)	₹367.51	₹430.11	₹62.60 gap

Annual Cost — Long-Term Investor

	Kotak Securities	ICICI Direct
Annual cost	₹22171/yr	₹26066/yr
Cheaper by	Kotak Securities saves ₹3895/year

Choose Kotak Securities if you...

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

Choose ICICI Direct if you...

ICICI Bank customers

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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.