Freedom from brokerage through Kotak Securities’ Free Intraday Trading
By Suyash Desai
Kotak Securities launches free Intraday trading across cash, future and options segments at an annual subscription of Rs. 999
Kotak Securities Ltd. (KSL) launched a ‘Free Intraday Trading’ offer that enables investor the freedom from brokerage on intraday trades across cash, future and options segments at an annual subscription of Rs. 999. The investors through this offer get a free access to KSL’s research and robust technology platform for secure execution of trade transactions.
On the occasion of the launch, Kamlesh Rao- Managing Director and CEO of Kotak Securities Ltd. said, “Free Intraday Trading has all the right ingredients – technology, free research and cost economics, to deepen and widen equity markets as it will encourage retail participation and further aid channelling of savings into the formal system. Free Intraday Trade will drive up market volumes as well, and a robust secondary market augurs well for wealth creation for India and the common man.”
Vikram Limaye, Managing Director and CEO- National Stock Exchange Ltd. Present at the launch said, “Structural changes in the Indian economy have resulted in robust growth in all forms of financial assets including direct investments in capital markets. This aids capital formation, which in turn helps employment generation. I commend Kotak Securities for coming up with innovative products to improve retail participation.”
According to Kamlesh Rao, Kotak Securities’ with Free IntraDay Trade are embarking aiming to double the customer base in 18 monthsthrough this product offering.