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Kotak Securities Limited

Registered Office:
27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E),
Mumbai 400051.
CIN: U99999MH1994PLC134051.
Telephone No.: 022 43360000,
Fax No.: 022 67132430.
Website: www.kotak.com / www.kotaksecurities.com.

Correspondence Address:
Infinity IT Park,
Bldg. No 21,
Opp. Film City Road,
A K Vaidya Marg,
Malad (East),
Mumbai 400097.
Telephone No: 42856825.
SEBI Registration No. INZ000200137(Member of NSE, BSE, MSE, MCX & NCDEX),
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor. AMFI ARN: 0164,
PMS INP000000258 and
Research Analyst INH000000586.
NSDL/CDSL: IN-DP-629-2021.

Compliance Officer Details:
Mr. Sanjayu Nair. Call: 022 - 4285 8484, or Email: ks.compliance@kotak.com.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Please read the SEBI prescribed Combined Risk Disclosure Document prior to investing. Brokerage will not exceed SEBI prescribed limit.

KSL is a distributor for Non-Broking Products/Services such as Mutual Funds, Research, Insurance, PMS, Smallcase, Global Investing, any other Third Party Products/Services etc. All disputes with respect to the distribution activity of these non-exchange products, would not have access to Exchange investor redressal forum or Arbitration mechanism. Kindly also refer to the detailed disclaimer for Third Party Products.

Account opening - The account would be opened after all the procedures relating to IPV and client due diligence is completed.

Details of Contact Person Address Contact No. Email Id
Customer care Mr. Tabrez Anwar Kotak Securities Ltd., 2nd Floor, Neptune Elements, Road No 22,Wagle Industrial Estate, Kisan Nagar, Thane (West), Thane Maharashtra, 400604 18002099191/ 18002099393 service.securities@kotak.com ks.escalation@kotak.com
Head of Customer care Mr. Hitesh Sindhwani Kotak Securities Ltd., 2nd Floor, Neptune Elements, Road No 22,Wagle Industrial Estate, Kisan Nagar, Thane (West), Thane Maharashtra, 400604 022-42858208 ks.servicehead@kotak.com
Compliance Officer Mr. Sanjayu Nair Kotak Towers, 8th Floor, Building No.21, Infinity Park, Off Western Express Highway, Malad (East), Mumbai, Maharashtra - 400097 022-42858484 ks.compliance@kotak.com
CEO Mr. Jaideep Hansraj Kotak Towers, 8th Floor, Building No.21, Infinity Park, Off Western Express Highway, Malad (East), Mumbai, Maharashtra - 400097 022-42858301 ceo.ks@kotak.com


In absence of response/complaint not addressed to your satisfaction, you may lodge a complaint with SEBI at https://scores.gov.in/scores/Welcome.html or Exchange at https://investorhelpline.nseindia.com/NICEPLUS/ ,https://bsecrs.bseindia.com/ecomplaint/frmInvestorHome.aspx, Investor Service Centre | National Commodity & Derivatives Exchange Limited (ncdex.com),https://igrs.mcxindia.com/ Please quote your Service Ticket/Complaint Ref No. while raising your complaint at SEBI SCORES/Exchange portal or Depository at https://www.epass.nsdl.com/complaints/websitecomplaints.aspx and https://www.cdslindia.com/Footer/grievances


Kotak Securities product-wise disclaimers

  • EQUITY: Investments in securities market are subject to market risks, read all the related documents carefully before investing.
    Please read the SEBI prescribed Combined Risk Disclosure Document prior to investing.

  • DERIVATIVES: Derivatives are a sophisticated investment device. The investor is requested to take into consideration all the risk factors before actually trading in derivative contracts.

  • MUTUAL FUNDS: Mutual Fund Investments are subject to market risks, please read the offer document carefully prior to investing. Kotak Securities Limited is a distributor of Mutual Funds. Kindly note that investments in Mutual Funds are made on the basis of the POA executed at the time of registration.

  • IPO: Kotak Securities Limited is a distributor of IPO.

  • BONDS / DEBENTURES: Kotak Securities Limited is a distributor of Bonds and Debentures.

  • PMS: Investments in securities are subject to market risk and there is no assurance or guarantee of the objectives of the Portfolio strategies being achieved.

  • TRINITY ACCOUNTS (sourced through KS): The Bank account will be opened with Kotak Mahindra Bank Limited and Trading and Demat account with Kotak Securities Limited.

  • TRINITY ACCOUNTS (sourced through KMBL): The Bank and Demat account will be opened with Kotak Mahindra Bank Limited and Trading account with Kotak Securities Limited.

  • NRI RELATED SERVICES: This service does not constitute an offer to sell or a solicitation of an offer to buy any shares, securities or other instruments to any person in any jurisdiction where it is unlawful to make such an offer or solicitation. This service is not intended to be any form of an investment advertisement, investment advice or investment information and has not been registered under any securities law of any foreign jurisdiction and is only for the information of any person in any jurisdiction where it may be lawful to offer such a service.

  • RESEARCH DISCLAIMER: Our research should not be considered as an advertisement or advice, professional or otherwise. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and the like and take professional advice before investing. This research report and its respective content by Kotak Securities Limited made available on this page do not constitute an offer to sell or purchase or subscribe for any securities or solicitation of any investments or investment services for Canadian persons or US persons.

  • DND / TRAI Related:Please note that by submitting details you are authorizing Kotak Securities (or its authorized/group entities) to send you any communications through any modes, including but limited to in the form of messages, voice calls, through any digital means/channels, any over-the-top communication services etc. even if you are registered under DND (Do not Disturb). Please also note that communications with KSL representatives may be recorded for internal quality and training purposes.
    INSURANCE: Kotak Securities is a corporate agent of Kotak Mahindra Life Insurance Company Ltd. (Corporate Agent Registration No. CA0268).

  • GTC: Good till cancel (GTC) is a product offered by Kotak Securities Limited. Any complaints or disputes pertaining to the same shall not be entertained by Exchanges.

  • Auto Invest: Auto Invest is a product offered by Kotak Securities Limited. Any complaints or disputes pertaining to the same shall not be entertained by Exchanges.
    Refer terms & conditions.

  • Super Multiple: All Super Multiple orders are "auto-square off" orders with a Stop Loss Price which you can define. It is mandatory to specify a Stop loss trigger price while placing order in this product. If you do not square off this order, or the stop loss price is not achieved by 3.10 pm, the auto square off process for your position(s) will start from 3.10 P.M. In Super Multiple it is mandatory to place a stop loss order where the trigger price cannot be lower than 1% of the LTP (BUY order) or 1% higher then Sell price of the LTP (SELL order). The product is applicable to specific list of scrips which is published by Kotak Securities here. You have the choice to place order in this product any trading day before 3.10 pm, at your discretion. Super Multiple order can help to increase leverage which may result into higher or lower profits/losses on account of higher exposure.
    Refer terms & conditions.

  • Super Multiple Option: All Super Multiple Option orders are "auto-square off" orders with a Stop Loss Price which you can define. It is mandatory to specify a Stop loss trigger price while placing order in this product. If you do not square off this order, or the stop loss price is not achieved by 3.10 pm, the auto square off process for your position(s) will start from 3.10 P.M. The product is applicable to specific list of option contracts in Nifty & Bank Nifty which may change during the day depending on the market movement. You have the choice to place order in this product any trading day before 3.10 pm, at your discretion. Super Multiple option order can help to increase leverage which may result into higher or lower profits/losses on account of higher exposure.
    Refer terms & conditions.

  • Margin Trading Facility (MTF) : The terms and conditions prescribed hereunder form part of account opening form, shall be read in conjunction with the rights and obligations as prescribed under SEBI circular no. CIR/ MIRSD/ 16/ 2011 dated August 22, 2011 and the Rules, Regulations, Bye laws, Rights and Obligation, Guidelines, circulars issued by SEBI and Exchanges from time to time.
    Refer terms & conditions.

  • In case any specific security/securities are displayed in the advertisement as examples, disclaimer that “The securities quoted are exemplary and are not recommendatory” should be mentioned.


    In case of talking about past performance of any scrip or product, “Past performance is not a guide for future performance”.


    'Refer & Earn'* Referral Program

    Referrer - A person (an existing client) who refers a new client (Referee).

    Referee - A person whose reference is given by Referrer.

    Referral Point - Points earned by the Referrer when the Referee successfully opens and activates the trading and demat account

    Referrer Ledger - Ledger maintained for the purpose of crediting Referral amount

    The benefits are not available for MCX Exchange/ Segment

    Eligibility:

    • This Product is open to all residents of India holding a valid and active trading account with Kotak Securities Limited (KSL).
    • This product is not applicable to the following categories of clients:
      • Non-Individuals clients excluding HUF
      • Non-Resident Indian Clients
      • Authorised persons, Business Associates and their respective employees, dependents and clients mapped under them
      • Any other person/group/entity/category of clients as decided by KSL from time to time at its discretion.
    • The product is considered to be activated when the client accepts one-time disclaimer on KSL website/Mobile App.

    Benefits for Referrer:

    The eligible Referrer shall be eligible to earn Referral Points on completion of various stages as follows:
    A. 100 Referral Points upon each successful Referee account opened in a month, subject to a maximum cap of 3 referral accounts.
    B. 400 Referral Points upon completion of trade turnover (buy + sell transactions) worth Rs. 5,000 or more by the referee in the first 30 days from the date of account opening, subject to a maximum cap of 3 referral accounts in a month.
    C. Whenever the Referee person trades, 10% value of the brokerage generated will be credited to the Referrer as Referral Points, for 2 years. (For detailed explanation of the Referrer's earnings read Point 3, 4, 5 & 6 below)

    Referral Points earned can be redeemed by the Referrer in following two ways:

    • 1 Referral Point = 1 Indian Rupees, if Referrer opts to transfer Referral Points to Equity.
    • 1 Referral Point = 1.33 Indian Rupees, if Referrer opts to transfer Referral Points to net off future brokerage

    Terms & Conditions about Redemption:

    • The Referrer shall be eligible for Referral point if,
      a. Referrer is Resident Individual or HUF
      b. The trading account of the Referrer is active
      c. The product is active / not withdrawn as per the withdrawal clause
      d. The trading account of Referee is opened within 60 calendar days from the date of acceptance by Referee
    • The Referrer shall not be eligible to redeem Referral points if,
      a. The Referee fails to use the referral code/referral link of the referrer at the time of account opening;
      b. If the Referee had an account with KSL and was closed. Such accounts which are reopened under this program will not be considered as successful referrals.

    Terms and Conditions of Referrer in the Referral Program:

    I / Referrer hereby declare/s, agree/s, understand/s, acknowledge/s and confirm/s that,

    1. The participation in the product shall be deemed as my acceptance to the terms and conditions set out herein. The Offer is valid for accounts opened from 1st March, 2021 onwards and shall be valid till the same is withdrawn by KSL.
    2. The Referrer shall get a one-time credit of 100 Referral Points for every successful account opening of Referee i.e., demat and trading account is opened after complete documentation and application verification in line with the SEBI/ Exchange regulations and internal policies and procedure of KSL. The Referrer shall not be eligible to get a credit for more than 3 referrals in a month (i.e. 300 Referral Points) on the basis of successful account opened.
    3. The rewards for such Referrals will be credited as Referral Points to the Referrer's ledger on (T+3) basis, meaning T + 3 working days:
      a. Say for instance, the Referrer had a successful account opened on 1st of the month (which was a Monday); in this case 100 Referral Points shall be credited to the Referrer's ledger on 4th of the month (Thursday).
      b. Weekly and market holidays are excluded from (T+3) days.
      c. In case, the Referrer does 3 successful Referrals in a month, then the Referrer may continue referring but will not get the one-time incentive of 100 Referral Points on further successful Referrals during that month.
      • For e.g. Anubhav referred 10 clients in the month of March, of which 5 successfully opened an account with KSL.
      • Anubhav gets one-time credit of (100 * 3) 300 Referral Points for the first three successful accounts opened in March
      • At the same time, Anubhav would continue to earn 10% share from brokerage of all accounts opened for 2 years

      d. Referral scheme eligibility will be for the period when the referred account is opened irrespective of when the Referral was done

    4. Earnings on the basis of Referrals turnover in the first 30 days shall be calculated as follows:
      a. The Referree needs to complete trade turnover (buy & sell transactions) totaling more than or equal to Rs. 5,000 in the first 30 days of account opening.
      b. Eligibility of such transactions will be calculated on a monthly basis, and the credits shall be transferred on the 5th of the following month.
      c. The maximum credit is capped at 1200 Referral Points per month
      • Continuing with above e.g. in case, amongst the 5 accounts opened through Anubhav's reference 2 fulfill Rs. 5,000 turnover condition in March and other 3 fulfil the Rs. 5,000 turnovers in April.
      • Anubhav gets credit of 800 Referral Points for the first two on/ after 5th April, and credit of 400 Referral Points for the third Referral fulfilling the criteria of Rs. 5,000 turnovers on 5th May. (Thus: total credit received for fulfilment of the turnover condition by accounts opened in March totals 1200 Referral Points)
      • Incase if 2 account out of the 5 accounts referred fulfill Rs. 5,000 turnover condition in March itself yet Anubhav will get the credit of 800 Referral points after 5th April and 400 points for the third Referee after 5th May
      • It is not necessary, the first 3 accounts opened have to fulfil the turnover condition, it can be any 3 accounts opened in a particular month.
    5. The credit of Referral Points on the basis of 10% of brokerage generated by each of the Referee shall be as follows:
      a. Actual of 10% of brokerage, shall be transferred into equivalent Referral Points. For e.g. if the Referee has generated a brokerage of Rs. 10,000 in a particular month. The Referrer stands to gain 10% of 10,000 i.e. 1,000 Referral Points.
      b. There is no upper cap on the brokerage commission earned on a monthly basis
      c. The Referrer stands to earn brokerage commission for the first 2 years on each Referral.
      d. Earnings from 10% brokerage commission will be calculated at the end of the month, and credited to the Referrer's Ledger on 25th of the following
      e. Brokerage commission will be transferred only after it reaches Rs.100.
    6. The Referral Points earned through Refer & Earn referral product shall be exclusively credited to the Referrer's Ledger and redeemed Referral Points can be adjusted only against Equity or to net off future brokerage.
    7. If Referee has been referred by two Referrers, then the person who has referred 1st will be considered.
    8. The Referrer shall not be eligible to earn any Referral Points if the Referee fails to mention referral code at required places.
    9. In the event of the details of the Referee already exists in the database of KSL as an existing client or prospective client, then it will not be considered under this scheme/product for the Referral Point and KSL reserves the right to exclude such accounts for calculation of any Referral Point.
    10. KSL's decision on the computation of Referral Points, redemption of Referral points and validity of Referral Points shall be final, conclusive and binding on me. All the computations will be after netting off any incentives, freebies etc. of the Referee. Further, I shall not recover any type of incentive / commission / fees from the referred client/s and there should be no financial transaction between me and the referred client/s.
    11. I will have no access to any accounts of Referee including trade book, brokerage details of the Referee, books of KSL etc. The Referral Points credited by KSL to Referral Ledger shall be final, binding on me and shall not be challenged.
    12. At the time of closure of trading account by Referrer, adjustments of Referral Points will be made against the outstanding, if any irrespective of ways of transfer, in my trading account with KSL before releasing the final fund payout and balance redeemed amount if any will be automatically forfeited.
    13. Referral Points lying in Referral Ledger / Points redeemed for brokerage netting off shall not be considered towards the margin for my trading account with KSL.
    14. I shall not claim any expenditure incurred by me while referring clients to KSL.
    15. KSL has absolute rights to modify / revise/ amend /alter the percentage, redemption rates, categories of client or any terms and conditions of this product at its sole discretion, which amendment shall be effective without KSL giving any advance notice to me at my registered email id or my registered mobile number or by displaying the same on KSL's website.
    16. KSL shall have exclusive power to close / withdraw this product without giving any prior notice to me at my registered email id or my registered mobile number or through social media platform / SMS or my last communication address registered with KSL, without assigning any reason.
    17. In the event, the product is voluntarily closed / withdrawn by KSL, the Referral Points accumulated till the date of such closure / withdrawal will be transferred to net off of future brokerage by me. In the event of cancellation of the product being regulatory or for any other non-avoidable reason, all the future Referral Points shall stand forfeited forthwith.
    18. Post closure / withdrawal by KSL or closure of trading account by me or upon death, KSL shall retain all the clients referred by me and those clients shall continue to remain the clients of KSL or continue to do transactions through KSL and all Referral Points shall be forfeited. Further upon my death, my legal heirs / successor / administrator, shall not be eligible to claim for Referral Points.
    19. The acts, actions taken by KSL are in good faith in response to any oral or electronic instruction or enquiry by me in respect of any matter in relation to this product and fulfilment of any benefits thereon. I shall not be entitled to claim or allege any loss, damage, liability, expense etc. attributable directly or indirectly, to any such good faith action of KSL.
    20. I shall not be eligible for any interest on the accumulated Referral/redeemed Points.
    21. The redemption amount shall be subjected to deduction of all applicable taxes/charges, if any.
    22. I indemnify and hold harmless KSL, its Affiliates, group companies/ associates and their respective directors and employees from and against any damage, loss, cost or liability (including all expenses and costs of enforcing rights under this terms and conditions) arising out of or resulting from (i) any use or disclosure (ii) any leakage of the Confidential Information and (iii) breach or violation of any of the covenants or terms of this product.
    23. All or any disputes arising out of or in connection with this product, shall be Referred to arbitration under the provisions of the Arbitration and Conciliation Act, 1996 or as may be amended from time to time. The arbitration proceedings shall be presided by a sole arbitrator appointed by KSL. The venue of arbitration shall be at Mumbai and language of the Arbitration shall be English. The Court in Mumbai shall alone shall have exclusive jurisdiction over any dispute.
    24. This product cannot be clubbed with any other offer /promotional product offered by KSL.
    25. Under no circumstances, I will print any visiting cards, pamphlets, brochures, rubber stamps, stationery items or any material using the name and logo of KSL or conveying any direct or indirect association with KSL.
    26. KSL shall not be held liable/responsible for any actions, claims, demands, losses, damages, costs, charges and expenses, which I may suffer, sustain or incur by participating in this product. Once Referral Points are redeemed as per my choice to transfer in Equity or netting off towards future brokerage, I have no option to change my choice later.
    27. My relationship with KSL shall be on a principal to principal basis and nothing contained in this document shall be construed to create any relationship of agency, partnership, joint venture and/or employment. KSL at its sole discretion shall have the absolute right to accept or reject the clients being referred without assigning any reason to me. The decision of KSL in this regard shall be final, binding on me and not questionable.
    28. Under no circumstances, I will represent as an agent of KSL to those clients who are interested in accessing the secondary market through KSL and induce or lure and / or undertake any form of selling and / or advisory in secondary markets with respect to securities and should not manage the portfolio of any person who is being referred and / or place orders in the securities market. It is clearly understood that my role is very limited to the extent of referring clients to KSL to get them registered as clients of KSL and that I shall not offer any facility for the said clients for trading in secondary markets through KSL. Further, I shall be liable for all consequences that arise as a result of any activity carried out by me outside my role defined herein as a Referrer.
    29. I shall not represent or act on behalf of KSL and induce or advise the Referee for placing orders in the Securities Market.
    30. I shall not issue any contract notes, daily margin statements, statement of accounts, annual global transaction statements etc. to the referred clients directly in violation of the terms and conditions of this agreement.
    31. I shall not carry out IPV (In Person Verification) and OSV (Original Seen and Verified) of the clients referred by me.
    32. Referrer agreeing to the terms and conditions is prohibited to engage into any fraudulent account opening. Referrer agrees that, KSL reserves the right to withhold any such credit of Referral Points or incentives without any notice to any such Referrer who is involved in fraudulent account opening/ or unusually low activities in opened accounts of Referees
    33. In order to curb fraudulent referring/account opening, KSL reserves the right to introduce upper limits on daily credit and change the existing limits of monthly credit of the Referral Points without giving any prior notice.
    34. The fixed payout for Account opening & activation will be restricted to maximum payout of Rs.14999 per financial year.

    Note: The above terms and conditions of aforesaid Referral program shall differ for the Referral Partners or Social Media Influencers. In case, if a Referral Partner or Social Media Influencer requires any information about respective Referral Program, the individual may reach out to us on 18002099191


    To check previous T&C, click here

    Trade Free

    Terms & Conditions:


    1. Minimum brokerage of Rs. 20 per executed order will be charged for Equity Delivery transactions.
    2. Expiry/ exercise or assignment trades will be charged Rs. 20 per executed order.
    3. Additional brokerage of Rs. 50 per executed order will be charged for orders placed through dealers/ customer service executives and trades squared off by Kotak Securities.
    4. Processing fee for Securities Lending & Borrowing Mechanism (SLBM) will be 15% of lending & borrowing fee, subject to minimum of 10 paise per share.
    5. For all free intraday trades, a nominal charge of 1paisa per scrip/underlying will apply.
    6. Brokerage will not exceed the rates specified by SEBI and the Exchanges.
    7. STT,CTT,GST and all other applicable exchange/regulatory/statutory charges/taxes will be levied as per applicable rates.

    Trade Free Max

    Terms & Conditions:


    1. Plan fees: Rs.2,499+GST p.a. will be debited on successful execution of 1st MTF order.
    2. Customer is eligible for brokerage cashback on all trades upto limit of Rs.4,128/- for next 90 days once the Plan fee is debited.
    3. Validity : Annual plan
    4. Minimum brokerage of Rs. 20 per executed order will be charged for Equity Delivery transactions.
    5. Expiry/ exercise or assignment trades will be charged Rs. 20 per executed order.
    6. Additional brokerage of Rs. 49/- per executed order will be charged for orders placed through dealers/ customer service executives and trades squared off by KSL.
    7. Processing fee for Securities Lending & Borrowing Mechanism (SLBM) will be 15% of lending & borrowing fee, subject to minimum of 10 paise per share.
    8. For all free intraday trades, a nominal charge of 1 paisa per scrip/underlying will apply.
    9. Brokerage will not exceed the rates specified by SEBI and the Exchanges.
    10. STT,CTT,GST and all other applicable Exchange/Regulatory/Statutory Charges/Taxes will be levied as per applicable rates
    11. This Plan is not applicable to the following:
      1. Non-Resident Indian (NRI) clients
      2. Franchisee clients
      3. Clients who belong to 'Offline' customer type
      4. Kotak Securities employees
      5. Non indvidual clients
      6. Clients who are currently part of any one of the following brokerage plans:
        • Advanced Brokerage Plan
        • Differential Brokerage Plan
    12. KSL reserves the right without previous notice to add/change/ withdraw/ modify/alter or vary any or all of these terms and conditions or to replace, wholly or in part, this Plan by another Plan, whether similar to this Plan or not, or to extend or withdraw it altogether at its sole discretion, at any time without prior intimation and without assigning any reason whatsoever. Under such circumstance I / We understand that I / We shall not be eligible for the Brokerage cashback and I/We shall not hold KSL responsible for such action or for any loss suffered by me/us and I/We shall have no claim against KSL.
    13. In case of any dispute, the decision of the management of the KSL will be final and shall be binding on me/us.
    14. All disputes arising out of or in connection with this Plan shall be subject to the exclusive jurisdiction of courts in the city of Mumbai only.
    15. Any person availing this Plan shall be deemed to have read, understood and accepted these terms and conditions.

    Direct Mutual Fund

    T&C Details:

    In line with SEBI Circular for Mutual Funds (MF) dated August 22, 2011, the Client who places the order for purchasing MF with Kotak Securities Limited (KS) under 'Execution Only' category agrees and confirms as under;


    1. For all Lumpsum investments made under direct schemes KS shall charge an annual maintenance charge (AMC) of Rs. 999/- (excluding taxes) which shall be debited from the Mutual Fund ledger on a yearly basis.
    2. That I/we has read and understood the terms, conditions, details, rules and regulations governing the scheme and the content of the Scheme Information Document (SID) / Statement of Additional information (SAI), Key Information Memorandum (KIM) etc. of the MF scheme.
    3. That the Order for the purchase /sale of units of MF scheme(s) shall be on the basis of his/its own analysis and under the category "execution only".
    4. That KS is a distributor of mutual funds of various Asset Management Companies (AMC's) including Kotak Asset Management Company Ltd which is a group company.
    5. That KS is entitled to receive Commission for the Schemes of various Mutual Funds as distributor from various Asset Management Companies.
    6. That (For NRIs only) he/she/it is a Non Resident Indian or origin and that has remitted the funds from abroad through approved banking channels or from funds in his/her/its Non Resident External / Non Resident Ordinary / FCNR account.
    7. That he/she/it shall abide by the terms and conditions, circulars / notices issued thereunder by the Exchanges/AMC and shall ensure compliance with the requirements as may be specified from time to time by Securities and Exchange Board of India and Association of Mutual Funds of India (AMFI) and any other laws in force.
    8. For all orders placed under the regular mutual fund schemes category, the above annual charges of Rs. 999/- shall not be applicable. Kindly refer to AMC charges.
    9. That he/she/it has read and understood the risks involved in investing in Mutual Fund Schemes.
    10. That he/she/it shall be wholly responsible for all his/her/its investment decisions and instruction.
    11. That the details of AMC's for whom KS is a distributor are given below
    12. I/We confirm that details provided by me/us are true and correct. I/We has/have invested or desirous to invest in the Scheme (s) Mutual Fund under Direct plan and agree to comply with the terms and conditions of the Scheme related documents.
    13. I/We hereby give you my/our consent to share/provide the transactions data feed/portfolio holdings/NAV etc. in respect of my/our investments under Direct Plan of all Schemes managed by you, to the above mentioned R/A.

    Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, Bnp Paribas Mutual Fund, Canara Robeco Mutual Fund, Dhfl Pramerica Mutual Fund, Dsp Blackrock Mutual Fund, Franklin Templeton Mutual Fund, Hdfc Mutual Fund Hsbc Mutual Fund, Icici Prudential Mutual Fund, Idfc Mutual Fund, Jm Financial Mutual Fund, Kotak Mahindra Mutual Fund, L&T Investment Mutual Fund, Lic Mutual Fund, Principal Mutual Fund, Reliance Mutual Fund, Religare Invesco Mutual Fund, Sbi Mutual Fund, Sundaram Mutual Fund, Tata Mutual Fund, Uti Mutual Fund, Mirae Asset Global Investments (India) Pvt. Ltd.


    Note - The above details are also available on Kotak Securities Ltd website - http://www.kotaksecurities.com/ksweb/Our-Offerings/Asset-Classes/Easy-Mutual-Funds


    Cashback 999 Plan

    About the Product: Clients opening Online or Offline account can subscribe to this product by paying one time annual subscription fees.


    T&C Details:


    1. Cashback Plan Fees: Rs. 999 + applicable taxes.
    2. Eligible Amount for Reversal on cashback plan: Rs. 999 + taxes paid.
    3. Validity : 365 days from date of account opening
    4. Brokerage will be charge as per the plan you select at the time of account opening.
    5. Reversal of brokerage will be done on T+1 basis during the validity period. This reversal will be capped up to Rs. 999 + taxes paid.
    6. This offer is not applicable to Non Resident Individual Accounts.
    7. Kotak Securities reserves the right to withdraw/modify the offer at its sole discretion, at any time. Notification of the withdrawal/modification of the offer shall be given via Email with or without assigning any reason whatsoever.
    8. In case of any dispute, the decision made by the management of Kotak Securities Ltd. will be final.
    9. STT and GST will be charged as per current applicable rate, any change in the rates the same will be applied. Other charges & Charges for other services will be applicable as given in the account opening form or as updated on website.

    Sector disclaimer

    By referring to any particular sector, Kotak Securities Limited does not provide any promise or assurance of favourable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and take professional advice before investing. Such representations are not indicative of future results.


    Third party products

    Kotak Securities Limited is a corporate trading and clearing member of Bombay Stock Exchange Limited (BSE), National Stock Exchange of India Limited (NSE), and Metropolitan Stock Exchange of India Limited (MSE) National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX). Our businesses include stock broking, services rendered in connection with distribution of primary market issues and financial products like mutual funds and fixed deposits, depository services and Portfolio Management. Kotak Securities Limited is also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). Kotak Securities Limited is also registered with Insurance Regulatory and Development Authority as Corporate Agent for Kotak Mahindra Old Mutual Life Insurance Limited and is also a Mutual Fund Advisor registered with Association of Mutual Funds in India (AMFI). We are registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014.


    Apart from KSL’s own products / services, KSL is also acting as a distributor of third party products or Mutual Funds, PMS services, Long Short Strategies, IPO/ESOP financing, Loan against shares, Loan against property, Debt Mutual Funds, Bonds / NCD’s, Fixed Maturity Plans, Hybrid Funds, Insurance plans, Nifty Link Debenture, Equity /debt structure, Alternative Investment Funds, AMCs, structured Product / Services etc. The products, services and benefits referred to herein are subjected to the terms and conditions governing them as specified by KSL / third party from time to time. Nothing contained herein shall constitute or be deemed to constitute an advice, invitation or solicitation to sell/purchase of any products/services of KSL / third parties and is not intended to create any rights and obligations. KSL does not accept any responsibility for any loss or damage incurred by anyone in reliance on anything set out in this document. The information set out herein is subject to modification and may change materially. Any investment in such third party products / services shall constitute a binding contract between you and the third party company. KSL shall not be liable or responsible for any loss, claim or shortfall resulting from third party’s products/services. Whether to accept the third party products / services offered by KSL shall be at your sole discretion, independent analysis and at your own evaluation of the risk involved. However, KSL does not guarantee or warrant the accuracy, adequacy or completeness of any third party services offered by KSL. KSL holds no responsibility as regard to the fees, any discrepancies, errors or omissions, losses, damages or any other transaction between you and third party. Please note that any dispute, claim, difference or any type of complaint pertaining to the services provided by third parties, shall not be entertained by KSL and you will not have recourse to dispute redressal mechanism/arbitration mechanism/investor protection schemes of the Stock Exchanges/SEBI. Any Dispute, claim, difference or any complaint shall be subjected to the respective agreements / transaction entered by you with such third party/parties. KSL specifically states that KSL or any of its directors, employees, authorized person etc shall not hold any financial liability or contingent liability towards you/any third party in respect of transactions between you and third party. KSL has no direct or indirect business relationship with the above mentioned third-party research service provider for providing the said Research recommendation.


    Kotak Securities Limited act as a referral for the third party products and does not own any liability for the said products. Since these are not Exchange traded product and Kotak Securities Limited is acting as distributor/referrer, all disputes with respect to the distribution/referral activity, would not have access to Exchange investor redressal forum or Arbitration mechanism.


    Global investing: The aforesaid content is for information purpose only and may have been sourced from publicly available sources or otherwise. KSL does not guarantee the authenticity and veracity of the material shared. KSL through this material does not in any way solicit any offer to transact in any financial instrument referred in this material, whether explicitly mentioned or otherwise. KSL does not provide any research or advise on any financial instruments available in international markets for the clients who have opted for investing in any such markets. The paths shared herein are for the ease of reference of the client, which is only to guide the client on how to redirect to the partner’s platform wherein client may review any content at their own discretion. The client understands and agrees that KSL is not aware nor liable for any content shared by the partner on its platform. The clients are required to carry out their own investigation, analysis, seek professional advice, gain complete knowledge and educate themselves on all the possible risks involved before entering into any investment. The clients also agree to keep themselves aware of the various rules and regulations of the Exchanges, Regulators and all applicable Authorities of the markets in which they opt to transact through the partner’s platform.
    Involvement of Kotak Securities Limited is restricted to Referral Only. Kotak Securities Limited does not offer this product directly to customers. Client’s details will be shared with third party stockbroker (Interactive Brokers LLC.) with expressed consent from clients. All dealings including KYC will be executed by third party stockbroker (Interactive Brokers LLC.) directly with client and Kotak securities Ltd. will not incur any personal financial liability. The securities quoted are exemplary and are not recommendatory. Involvement of Kotak Securities Limited is restricted to Referral Only.

    smallcase Disclaimer

    KSL established in 1994, is a subsidiary of Kotak Mahindra Bank Limited. KSL is one of India's largest brokerage and distribution house. KSL is a corporate trading and clearing member of Bombay Stock Exchange Limited (BSE), National Stock Exchange of India Limited (NSE), Metropolitan Stock Exchange of India Limited (MSE), National Commodity and Derivatives Exchange (NCDEX) and Multi Commodity Exchange (MCX). Our businesses include stock broking, services rendered in connection with distribution of primary market issues and financial products like mutual funds and fixed deposits, depository services and Portfolio Management. KSL is also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL). KSL having composite license no.CA0268 is a Corporate Agent of Kotak Mahindra Life Insurance Company Limited and Kotak Mahindra General Insurance Company Limited and is also a Mutual Fund Advisor registered with Association of Mutual Funds in India (AMFI). We are registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014. We hereby declare that our activities were neither suspended nor we have defaulted with any stock exchange authority with whom we are registered in last five years. However SEBI, Exchanges and Depositories have conducted the routine inspection and based on their observations have issued advise/warning/deficiency letters/ or levied minor penalty on KSL for certain operational deviations. We have not been debarred from doing business by any Stock Exchange / SEBI or any other authorities; nor has our certificate of registration been cancelled by SEBI at any point of time.


    We offer our research services to clients as well as our prospects.


    Smallcase/baskets are not an exchange approved product and disputes related to the same will not be dealt on the Exchange platform.


    The recommendations that will be recommended herein are general recommendations , for information and must not be reproduced or redistributed to any other person. Persons into whose possession this may come are required to observe these restrictions. This is for the personal information of the recipient, and we are not soliciting any action based upon it. This is not to be construed as an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Kotak Securities Ltd. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Neither KSL, nor any person connected with it, accepts any liability arising from the use of such recommendations. The recipients should rely on their own investigations and take their own professional advice. Price and value of the investments referred may go up or down. Past performance is not a guide for future performance. Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities - involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals and as such, may not match with a report on a company's fundamentals.


    Opinions expressed are the current opinions as of the date appearing on the relevant material only. While we endeavor to update on a reasonable basis the information discussed, there may be regulatory, compliance or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein.


    The paid/fee based smallcases have an access-fee to it that the client is required to pay in order to view the constituents of the basket and invest in them. The fees charged by Kotak Securities Limited is towards the service fee and same does not guarantee any returns or assurances on any investment/product availed by the client. KSL will not be responsible for lost profits, revenues, or data, financial losses, direct or indirect, special, consequential, exemplary, notional or punitive damages. In all cases, KSL will not be held liable for expense, loss or damage that is not reasonably foreseeable.


    KSL does not make any promises, commitments, guarantees about paid/fee based smallcases or related offerings, when permitted by law, KSL will not be responsible for lost profits, revenues, or data, financial losses, direct or indirect, special, consequential, exemplary, notional or punitive damages. To the extent permitted by law, KSL exclude all warranties, guarantees, conditions, representations, and undertakings.


    Kotak Securities Limited has two independent equity research groups: Institutional Equities and Private Client Group. The views and opinions expressed in this document may or may not match or may be contrary with the views, estimates, rating, target price of the Private Client Group or Institutional Equities Research Group of Kotak Securities Limited.


    We and our affiliates/associates, officers, directors, and employees, Research Analyst(including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company (ies) discussed herein or act as advisor or lender / borrower to such company (ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of Research Report or at the time of public appearance. KSL may have proprietary long/short position in the above mentioned scrip(s) and therefore may be considered as interested. The views being provided are general in nature and does not consider risk appetite or investment objective of particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with KSL. KSL is also a Portfolio Manager. Portfolio Management Team (PMS) takes its investment decisions independent of the recommendation that will be provided/PCG/Institutional Equities research and accordingly PMS may have positions contrary to such recommendations including PCG/Institutional Equities research recommendation. KSL does not provide any promise or assurance of favorable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and take professional advice before investing.


    No part of this may be duplicated in any form and/or redistributed without KSL's prior written consent.


    Details of Associates are available on our website ie www.kotak.com


    Note that the research analysts contributing to the research report may not be registered/qualified as research analysts with FINRA; and Such research analysts may not be associated persons of Kotak Mahindra Inc and therefore, may not be subject to NASD Rule 2711 restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account.


    Any U.S. recipients of the research who wish to effect transactions in any securities covered by the report should do so with or through Kotak Mahindra Inc. (Member FINRA/SIPC) and (ii) any transactions in the securities covered by the research by U.S. recipients must be effected only through Kotak Mahindra Inc. (Member FINRA/SIPC) at 369 Lexington Avenue 28th Floor NY NY 10017 USA (Tel:+1 212-600-8850).


    KSL and its non US affiliates may, to the extent permissible under applicable laws, have acted on or used this research to the extent that it relates to non US issuers, prior to or immediately following its publication. This should not be construed as an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction where such an offer or solicitation would be illegal. This research and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services. Accordingly, any brokerage and investment services including the products and services described are not available to or intended for Canadian persons or US persons.


    Kotak Securities Limited. Registered Office:27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. Telephone No.: 022 43360000, Fax No.: 022 67132430.Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. Telephone No: 42856825. Website: www.kotak.com / www.kotaksecurities.com. CIN: U99999MH1994PLC134051. SEBI Registration No. INZ000200137(Member of NSE, BSE, MSE, MCX & NCDEX), Member Id: NSE-08081; BSE-673; MSE-1024; MCX-56285; NCDEX-1262.AMFI ARN 0164, PMS INP000000258 and Research Analyst INH000000586. NSDL/CDSL: IN-DP-629-2021. Compliance Officer Details: Mr. Sanjayu Nair. Call: 022 - 4285 8484, or Email: ks.compliance@kotak.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The information is only for consumption by the client and such material should not be redistributed. Our research should not be considered as an advertisement or advice, professional or otherwise. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile and the like and take professional advice before investing. Derivatives are a sophisticated investment device. The investor is requested to take into consideration all the risk factors before actually trading in derivative contracts.


    Grievance Redressal mechanism:

    Level 1- For Trading related queries, contact our customer service at service.securities@kotak.com or call us on Toll free numbers 1800 209 9191 (weekdays 8:00am to 6:00 pm & Saturday 9:00 am to 2:00 pm)

    Level 2- You may write to us at ks.escalation@kotak.com

    Level 3- You may write to us at ks.servicehead@kotak.com or call us on 022-42858208

    Level 4 - You may contact our Compliance Officer (Name: Mr. Sanjayu Nair) at ks.compliance@kotak.com or call on 91- (022) 4285 8484.

    Level 5 - You may also approach Managing Director / CEO (Mr. Jaideep Hansraj) at ceo.ks@kotak.com or call on 91-(022) 4285


    Disclosure/Disclaimer of smallcase/WCPL as declared by it:

    smallcase is receiving consideration from KSL for providing technology solutions and related backend infrastructure for facilitating transactions in investment products.


    Whether smallcase or WCPL or their associate company/ies or their research analysts including their relatives have any financial interest in the Subject Company** and nature of such financial interest - No


    Whether smallcase or WCPL or their associate company/ies or their research analysts including their relatives have actual/beneficial ownership of 1% or more in the securities of Subject Company at the end of the month immediately preceding the date of publication of the document- No


    Whether the smallcase or WCPL or their associate company/ies or their research analysts including their relatives has received any compensation or any other benefits from the Subject Company or third party in connection with the research report or any other activity- No


    Whether Directors of smallcase or WCPL or their associate company/ies and their Research Analysts has served as an officer, director or employee of the subject company: No


    Whether the smallcase or WCPL or their associate company/ies or their research analysts has been engaged in market making activity of the subject company. No


    Whether the smallcase or WCPL or their associate company/ies or their research analysts including relatives have any other material conflict of interest at the time of publication of the research report or at the time of public appearance: No


    Whether smallcase or WCPL or their associate company/ies have managed or co-managed public offering of securities for the subject company in the past twelve months: No


    Whether smallcase or WCPL or their associate company/ies company have received any compensation for investment banking or merchant banking or brokerage services from the subject company. No


    Whether smallcase or WCPL or their associate company/ies have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company - No


    **Subject Company means companies recommended by smallcase/WCPL



    smallcase/WCPL Ratings and Other Definitions
    smallcase and / or WCPL doesn't give any recommendation on individual stocks. Windmill Capital Private Limited provides portfolio research.
    Address -
    3rd Floor, Le Parc Richmonde,
    Richmond Road,
    Shanthala Nagar,
    Richmond Town,
    Bangalore - 560025
    CIN - U74900KA2015PTC081722


    A graph of daily closing prices of securities is available at https://www.nseindia.com/ChartApp/install/charts/mainpage.jsp and http://economictimes.indiatimes.com/markets/stocks/stock-quotes. (Choose a company from the list on the browser and select the "three years" icon in the price chart).

    SIP instalment disclaimer In case you have a Kotak Trinity account (3-in-1 account),

  • The funds for your SIP instalment will be automatically transferred from your linked bank account into your trading account on the SIP due date (known as the auto-debit facility) and the orders will be placed.
  • If the bank account does not have sufficient balance, but there is sufficient ledger balance available, the orders shall go through successfully
  • In case you have a trading account which is NOT a Trinity Account,
  • The orders for your SIP instalment will be placed if there is sufficient margin available on the SIP due date, given all pending debits are cleared

  • Auto debit disclaimer

    1. Please note that if the balance available in the bank account is less than the order value, and there is no sufficient margin available with Kotak Securities ledger / security margin, all the orders of that particular smallcase SIP instalment might get rejected.


    2. Even if an auto debit is successful, smallcase SIP instalment will be processed only if the margin is available in the system after clearing all pending debits.


    3. Please note that in case of accounts that had positive margin when the bank account was auto debited and have negative margin at the time of placing the smallcase SIP instalment orders, the orders shall not go through, even though the amount was debited from the bank.


    4. Please note that the smallcase SIP instalment order might fail, if a funds confirmation is not received due to technical issues till the time the order is processed. The bank account has to be funded by 7am (cut-off time) on the date the smallcase SIP instalment order is to be triggered.


    5. Please note that in case the bank does not have sufficient balance, but there is sufficient ledger balance available, the smallcase SIP instalment orders shall go through for Trinity accounts. The bank account will be debited for Trinity accounts, even if the client has credit balance in the ledger.


    6. If there is any pending ageing debit, the bank account will not be debited for smallcase SIP instalment orders for Trinity accounts.


    7. Please note that in case of Trinity accounts that are in normal debit, the margin available after the amount is debited from the bank for all the smallcase SIP instalment will be compared to the smallcase SIP instalment order margin. If the smallcase SIP instalment order margin required is less than or equal to the margin available after the amount is debited from the bank then only the amount shall be debited from bank and smallcase SIP instalment orders shall go through.


    8. Kotak securities Ltd. does not warrant that the facility / service will be uninterrupted or error free. The Client agrees that Kotak securities Ltd. shall not be responsible for any delays or failure in the process of an smallcase SIP instalment order or an auto-debit due to breakdown or failure of the system due to technical fault/error or otherwise any other delay or failure beyond the reasonable control of Kotak Securities Ltd.


    9. An auto debit will not get processed on a bank holiday or a day on which the markets are closed.


    10. Kotak Securities Ltd reserves at any time, without previous notice to add/change/ withdraw/modify/alter or vary any or all of these terms and conditions or to replace, wholly or in part, this facility at its sole discretion, at any time without prior intimation and without assigning any reason whatsoever. Under such circumstance I / we understand that I / we shall not be eligible for this facility and I/We shall not hold KSL responsible for such action or for any loss suffered by me/us and I/We shall have no claim against Kotak Securities Ltd.


    11. In case of any dispute, the decision of the management of the Kotak Securities Ltd will be final and shall binding on me/us.


    12. All disputes arising out of or in connection with this facility are subject to the exclusive jurisdiction of courts in the city of Mumbai only and all decisions by Kotak Securities Ltd will b final and based on discretion wherever applicable.


    13. Any person availing this facility shall be deemed to have read, understood and accepted these terms and conditions.


    14. Smallcase/baskets are not an exchange approved product and disputes related to the same will not be dealt on the Exchange platform.


    Intelligence - Kotak Securities

    This information is from a third party—Business Standard—offered through a tie-up to Kotak Securities customers. This information is provided "AS IS" and "AS AVAILABLE" basis and Kotak Securities Ltd make no representation or warranty of any kind , express or implied regarding the accuracy, adequacy, validity , reliability , availability or any completeness of the information provided herein. The third party content is not created or endorsed by any business offering products or services through it. The provision of this third party content is for general informational purposes only and does not constitute a research call, recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. Also, the views and opinions stated in the content belong to Business Standard. Kotak Securities does not uphold nor promote any of the views. These reports do not, in any way, qualify as a Kotak Securities research report.


    KSL holds no responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. For data reference to any third party in this material no such party will assume any liability for the same. Kotak Securities Ltd and/or any affiliate of Kotak Securities Ltd does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. Kotak Securities Ltd (including its affiliates) and any of its officers directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner.


    All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Kotak Securities Ltd. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.


    StockEdge & Elearnmarkets offer

    Offer - On successful account open client gets below offer worth Rs.1,998/- for FREE

    • FREE StockEdge Premium Quarterly membership worth Rs.999/-
    • FREE Elearnmarkets (ELM) Course worth Rs.999/-


    Offer period The offer is valid from 22nd September till 31st July, 2022


    Eligibility:


    • This Product is open to all residents of India who will open a valid demat and trading account with Kotak Securities Limited (KSL).
    • This product is not applicable to the following categories of customers:
      1. Non-Individuals customers excluding HUF
      2. Non-Resident Indian customers
      3. KSL, its Associates, Group companies and their respective employees including their dependents
      4. Authorised persons, Business Associates and their respective employees, dependents and customers mapped under them
      5. Any other person/group/entity/category of customers as decided by KSL from time to time at its discretion.
    • The product is considered to be activated when the customers accepts one-time disclaimer on KSL website.

    Terms and Conditions


    • This Offer has been extended by Kotak Securities Limited ("KSL") to those customers who have successfully opened an account post 22nd September, 2021
    • This offer is valid from 22nd September, 2021 till 31st July 2022
    • A customer is eligible to get only coupon code each of Elearnmarkets Course and Quarterly premium subscription of StockEdge during the said offer period. The coupon code cannot be clubbed with any other offer or in conjunction with any special promotion.
    • Eligible customers will be communicated via email, SMS on their registered email id and contact number with KSL.
    • The coupon code will be shared with the eligible customers within 3 days from the day of successful account opening i.e., demat and trading account is opened after complete documentation and application verification in line with the SEBI/ Exchange regulations and internal policies and procedure of KSL.
    • The coupon code is valid only till 31st July , 2022.
    • The coupons are redeemable on the respective website. Please visit www.elearnmarkets.com & www.stockedge.com. to redeem the coupon.
    • The coupon code balance will not be redeemed for cash.
    • The coupon code cannot be revalidated after the expiry.
    • KSL reserves the right to disqualify any customer from the benefits of the Offer if any fraudulent activity is identified as being carried out for the purpose of availing the Offer.
    • In the event if the details of the customer already exists in the database of KSL as an existing customer or prospective customer, then it will not be considered under this scheme/Offer and KSL reserves the right to exclude such accounts for calculation of any account opening reward.
    • The decision of the KSL in all matters in connection with and incidental to this Offer shall be final and binding on all persons.
    • KSL shall not be responsible or liable in any manner whatsoever for any deficiency or inadequacy in the services rendered Elearnmarkets and/ or StockEdge and the customer hereby agrees not to hold KSL responsible or liable for, any losses, damages, costs, charges, expenses, claims (whether direct or indirect), actions or demands suffered by the customer in relation to availing the benefits of the Offer.
    • The Offer is non-negotiable, non-transferable and non-encashable under any circumstances.
    • Participation in this Offer is voluntary.
    • Any customer availing the offer shall be deemed to have read, understood and accepted these terms and conditions, the general terms and conditions of the KSL and the terms and conditions of Elearnmarkets and StockEdge. KSL merely facilitates its customers to avail the Offer and it is in no way concerned or connected with the terms and conditions of Elearnmarkets and StockEdge. Acceptance of this coupon constitutes acceptance of all of these terms and conditions, changes to which may be effected and published at any time. KSL holds out no warranty and makes no representation with respect to the service offered by Elearnmarkets and StockEdge. In case of any disputes or complaints regarding the same the customer is required to resolve the same directly with Elearnmarkets and/or StockEdge by writing to Contact Us section on support@elearnmarkets.com / support@stockedge.com without any reference to the KSL whatsoever.
    • The KSL reserve the right, at any time, without previous notice to add, alter, modify, change or vary all or any of these terms and conditions, or to replace, wholly or in part, this Offer by another offer, whether similar to this Offer or not, or to extend or withdraw it altogether without assigning any reason whatsoever.
    • All disputes arising out of or in connection with this Offer shall be shall be Referred to arbitration under the provisions of the Arbitration and Conciliation Act, 1996 or as may be amended from time to time. The arbitration proceedings shall be presided by a sole arbitrator appointed by KSL. The venue of arbitration shall be at Mumbai and language of the Arbitration shall be English. The courts in Mumbai shall alone shall have exclusive jurisdiction over any dispute.
    • Any complaints/disputes pertaining to this offer shall not be entertained on the Exchange platform.

    Elearnmarkets Course terms of use
     

    • The coupon code can be applied only on one of the three courses on the Elearnmarkets Website or the Elearnmarkets Android app.
    • The offer is only applicable for new Elearnmarkets users who have not taken the above course before.
    • The coupon code cannot be exchanged or redeemed for any other courses apart from 3 mentioned courses on email.
    • The coupon code is valid only till 31st July , 2022.

    Quarterly Premium Access to StockEdge terms of use

    • The coupon code can be redeemed only once on the StockEdge Website only.
    • After subscribing to the plan, users can use the same login credentials to access the StockEdge app (Both Android & iOS).
    • The offer is only applicable for new StockEdge premium users and cannot be used to extend existing user plans.
    • The coupon code is valid only till 31st July, 2022.

    No Brokerage Plan

    1. Validity of this plan is of 2 years where all brokerage charges are free of cost. After 2 years charges will revert to Trade Free plan charges.
    2. Applicable only to anyone below the age group of 30 years.
    3. Brokerage of Rs.49/- per executed order will be charged for orders placed through dealers/ customer service executives and trades squared off by Kotak Securities.
    4. Processing fee for Securities Lending & Borrowing Mechanism (SLBM) will be 15% of lending & borrowing fee, subject to minimum of 10 paise per share.
    5. For all Intraday trades, a nominal charge of 1 paise per scrip will apply.
    6. For all Delivery trades, a nominal charge of 1 paise per order will apply.
    7. Margin Trading Facility Interest rate is subject to change with notice.
    8. For Intraday, delivery and carry forward transactions, no brokerage shall be levied.
    9. Brokerage will not exceed the rates specified by SEBI and the Exchanges.
    10. STT, CTT, GST and all other applicable exchange/ regulatory/ statutory charges/ taxes will be levied as per applicable rates.
    11. Dispute related to the offer will not be dealt on the Exchange platform.
    12. For more details, please check FAQ’s.