Kotak Securities Mutual Fund Review - App, Charges and SIP (2024)

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Kotak Securities Review
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Kotak Securities Account Opening Enquiry

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Kotak Securities Limited (KSL), a subsidiary of Kotak Mahindra Bank, is one of India's largest full-service stockbroking firms, catering to retail and institutional investors across all segments of the capital market. With a strong research team, a robust digital trading platform, a large branch network, and a wide franchisee base, KSL processes lakhs of secondary market trades every day.

Kotak Securities also provides direct access to the US markets through a tie-up with partner brokers. They are corporate members of the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), as well as a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).

With 182 branches, 1265 franchisees, and a customer base spread across 378 cities in India, Kotak Securities has established a strong presence in the market.

Key Features of Kotak Mutual Fund

Systematic Investment Plan (SIP).
Lump sum investment in mutual funds.
Automatic fund transfer from the linked bank account to Kotak Securities on a specified date.
Handpicked collections of mutual funds in the same category.
Online investment calculator.
Kotak Securities' New Fund Offers (NFOs)(first-time subscription offers for new schemes launched by AMCs).
Invest through Demat Mode.
Recommends mutual funds after a careful assessment.

Kotak Mutual Fund Online Charges

Kotak Securities offers both direct and regular mutual fund schemes from different fund houses. The broker doesn't charge any transaction or brokerage fee for mutual fund investments. By investing in direct mutual funds, you don't pay commissions to the fund houses.

Kotak Mutual Fund Charges

Kotak Account Opening Charges	Nil
Kotak Mutual Fund AMC Fees
Kotak Mutual Fund Brokerage Charges	Nil
Kotak Mutual Fund Commission	Nil- Direct scheme, Charges commission 1% to 1.5% for regular mutual funds
Kotak Mutual Fund Demat Charges	Rs 50 per month
Other Charges

Kotak Mutual Fund Account Opening Process

To open a mutual fund account with Kotak Securities Mutual Fund and Kotak Mahindra Bank, you need to submit the form on the website and a representative will call you to take forward the process. After opening a mutual fund account, you can invest through any associate website of Kotak Mahindra Bank for mutual fund investment.

Steps to open Kotak Mutual Fund Account:

Visit Kotak Mahindra Bank official website
Click on the 'Explore Products' tab available in the main menu
Hover the mouse on 'Investments' from the drop-down list
Click on 'Mutual Fund'
Click on the 'Apply Now button
Leave your details and a representative will call you

You need to follow the procedure explained by the relationship manager for Kotak mutual fund account opening.

Kotak Mutual Fund SIP

With Kotak MF, you can plan your investment systematically through SIP by investing periodically in mutual fund schemes. Based on your time span and using the SIP calculator to calculate the investment amount on each instalment, you can smartly invest in mutual funds. Kotak Mutual Fund SIP can be used to meet various financial goals including buying your dream car, retirement, child's education, holiday, wealth building, destination wedding, and dream home. The Kotak SIP calculator helps in estimating the returns based on the inflation rate.

Benefits of Investing in Kotak Mutual Fund SIP:

Disciplined way of investing
Single registration process to invest through SIP
Benefit from rupee cost averaging
Start with a small amount and get compounding benefits over the long term
Can start SIP with as minimum as Rs 500

Steps to Start SIP with Kotak Mutual Fund

Login to Kotak Securities account
Click on 'Place Order'
Select Mutual Fund as an option
Click on SIP
Enter scheme related details
Click on Place Order
Enter SIP amount, frequency and other details
Accept the terms and conditions
Save the order number displayed and click on Ok

Kotak Mutual Fund Investment Platforms

Kotak Securities understands the importance of convenience and accessibility when it comes to investing in mutual funds. There are multiple routes for accessing mutual fund services with Kotak Securities. Invest in Mutual Funds using the following:

Kotak Neo App

The all-new Kotak Neo app is designed to provide a user-friendly interface for hassle-free mutual fund investments. Users can easily download the app from their respective app stores, log in with their Kotak Securities credentials, and access a wide range of mutual funds right at their fingertips.

Kotak Stock Trader App

Those already using the Kotak Stock Trader app will be pleased to know that they can also access mutual fund services with a single login. Users can explore and invest in a diverse range of mutual funds, adding more flexibility to their investment portfolio.

Kotak Mutual Fund Customer Care

Kotak Securities Customer Care Support Chat provides a live chat session with the associates to solve products, trading accounts, platforms and offers related information. You can also call 1800 209 9191 or mail service.securities@kotak.com for related queries.

Kotak Mutual Fund Advantages

Allows investment across both direct and regular mutual funds
Track mutual fund investment and get monthly updates
Doesn't charge any transaction and brokerage fee for mutual fund
Get SMS updates on the transactions
Invest through Call & Trade facility
Offers Kotak Mutual Funds across all the categories

Kotak Mutual Fund Disadvantages

Charges commission on regular mutual fund
Doesn't have an app and desktop-based mutual fund investment platform

Conclusion

Kotak Securities comes across as an excellent choice for mutual fund investments. It offers both in-house and mutual fund schemes from other fund houses. While investing in regular mutual funds, you have to pay a commission for investing in regular mutual fund schemes as well. Investing in Kotak Mutual Fund Direct schemes is completely free.

Kotak Securities offers the convenience of setting up an E-Nach mandate for seamless transactions. With this facility, investors can authorise Kotak Securities to automatically debit their bank account for mutual fund investments at regular intervals. By setting up an E-Nach mandate, investors can enjoy a hassle-free investment experience without the need for manual transfers or payments.

With these platforms and services, investors can easily access and manage their mutual fund investments, whether it's through the user-friendly Kotak Neo app, the Kotak Stock Trader app, or by setting up an E-Nach mandate for automated transactions.

Kotak Securities Special Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

Brokerage-Free Intraday trades (Equity and F&O).
Flat Rs. 20 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

Frequently Asked Questions

1. Can we check the status of Kotak Mutual Fund online?
Yes, you can check the Kotak mutual fund status online. Following steps will help you in checking the status of your Kotak mutual fund investments-
- Login to your Kotak Securities account
- Click on Reports
- Visit the Mutual Fund section
- Click on check Order Status
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2. How to Invest in Kotak Mutual Funds?
You can invest in Kotak Mutual funds online as well as by contacting customer care. Please take the following steps to invest in Kotak Mutual funds online-
- Login to Kotak Securities Web
- Click on the Trading
- Now click on Place Order
- Select Mutual Funds as an option
- Click on Purchase button
- Select Type of Fund and Scheme
- Click on Place Order button
Kotak Mahindra Mutual Fund also allows investment in mutual funds through Call n Trade facility. Here are the steps to invest in Kotak Mutual Funds on phone-
- Call the special number -1860 266 9191 from anywhere in India
- You will be allotted a dealer.
- Verify your identity and account details.
- Place your order.
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See Also
Is Kotak Mutual Fund Good?Top 10 Best Kotak Mutual Fund Schemes 2024 - Fincash.com Where to invest- Mutual Funds or ULIPs?DSP Equity Opportunities Direct Plan-Growth: NAV, Review, Holding & Performance
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3. What is the minimum transaction amount with Kotak Mutual Fund?
Each scheme has a minimum transaction amount. This amount can be different for different schemes. The minimum transaction amount is mentioned for each scheme in the scheme information document.
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4. Is Kotak Mutual Fund Good?
Kotak Mutual Fund is a good choice for mutual fund investors. It is a reputed Asset Management Company sponsored by Kotak Mahindra Bank. It is a SEBI and AMFI registered company and safe to invest. Kotak offers both regular and direct mutual funds.
When it comes to the mutual fund investments of any fund house, they are subject to market risks. So, it is better to analyze your risk profile first before investing in any scheme offered by the AMC.
Overall, Kotak Mutual Fund is a good choice for various reasons including it being a part of Kotak Group, offering both direct and regular funds and expert assistance in selecting funds.
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5. How to stop SIP in Kotak Securities?
To cancel SIP with Kotak Securities, you need to follow a series of steps:
1. Go to your investments in the mobile app.
2. Open the investment you want to close.
3. Click on view/cancel request on the page.
4. Go to SIP and select the investment you want to close and the folio.
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6. How to buy mutual funds in Kotak Securities?
Kotak Securities offers both direct and regular mutual fund programmes. The company offers a simple and convenient process for investing in mutual funds. If you do not have a trading or demat account with Kotak Securities yet.
To buy mutual funds through Kotak Securities, please follow the steps below:
1. Open the Kotak Securities website.
2. Log in using your ID login credentials.
3. Go to the Mutual Funds section of the website and click on "Place Order".
4. Select the name of the mutual fund or AMC you want to invest in.
5. Choose the right fund programme as different fund companies offer multiple fund programmes.
6. Now decide and enter the amount you want to invest.
7. Confirm your order and the process is completed.
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