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Why ASSIST | Who can open ASSIST Account? | Account Opening Formalities | ASSIST FAQ
 

Account Opening Formalities:

Step 1: To open your Account, simply download and print an application form, fill it in and post it along with the essential documents to the address as mentioned in the form. You can call us and we will have our representative meet you and help you open the account.

You can also email us at assist@Kotaksecurities.com. Our representative will get in touch with you.

Step 2: We will inform you as soon as your account is activated, and you can start trading instantly!

Brokerage structure/charges:
The brokerage structure applicable for ASSIST has been detailed below:

Margin Amount
Brokerage
  Delivery Square off Derivatives
Rs 2 cr + 0.50% 0.07% both sides 0.07% both sides
Rs 1 cr to Rs 1.99 cr 0.60% 0.07% both sides 0.07% both sides
Rs 50 lakhs to 99.99 lakhs 0.70% 0.07% both sides 0.07% both sides
Rs 25 lakhs to Rs 49.99 lakhs 0.80% 0.07% both sides 0.07% both sides
Rs 10 lakhs to Rs 24.99 lakhs 1% 0.07% both sides 0.07% both sides
Rs 5 lakhs to Rs 9.99 lakhs* 1.25% 0.07% both sides 0.07% both sides
Min Rs 5 lakhs Cash margin 1.25% 0.07% both sides 0.07% both sides


Note:-Any ASSIST A/c to be opened with an initial margin of 5-10 lakhs would necessitate the entire margin to be in Cash component. For opening an account with a margin above 10 lakhs, a minimum of 5 Lakhs or 25% Margin(whichever is higher) would have to be in cash. Brokerage slabs will be changed at the start of a month, which means any additional transfers as stock or cash will be taken into account only at the start of the month and not in the middle of the month.

Other Charges:

Service Tax of 12.36% of brokerage will be charged in addition.

Securities Transaction Tax (STT) @ 0.1% of turnover will be charged in addition to the brokerage on all delivery trades

STT @ 0.02% of turnover will be charged in addition to the brokerage on sell leg of all non delivery trades in the cash market

STT @ 0.0133% of turnover will be charged in addition to the brokerage on sell leg of all non delivery trades in the derivative market
-Service tax, STT and other statutory charges are as per current rate and any revision in the rate then will be applicable. "

 
 
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