Kotak Securities Limited: CIN: U99999MH1994PLC134051, SEBI Registration No. INZ000200137 (Member of NSE, BSE, MSE, MCX & NCDEX), AMFI-registered Mutual Fund Distributor. AMFI ARN: 0164, PMS INP000000258 and Research Analyst INH000000586. NSDL/CDSL: IN-DP-629-2021.
Compliance Officer Details: Mr. Sandeep Gupta. Call: 022 - 4285 8484, or Email: firstname.lastname@example.org.
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.
Kotak Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Research reports, Insurance, PMS, Smallcase, Global Investing, any other Third Party Products/Services etc. These are not Exchange traded product and we are just acting as distributor. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbritation mechanism. Kindly also refer to the detailed disclaimer for Third Party Products. Kotak Securities Limited (KSL) does not provide any Portfolio Management Services nor is an Investment Adviser.
Account opening - The account would be opened after all the procedures relating to IPV and client due diligence is completed.
Investors may contact us on email@example.com, Helpline Number: 18002099595 (Timings: 9 am to 6 pm - Monday to Friday) for Cyber Security related concerns.
In absence of response/complaint not addressed to your satisfaction, you may lodge a complaint with SEBI, NSE Exchange, BSE Exchange, Investor Service Centre | National Commodity & Derivatives Exchange Limited and MCX.
For online dispute resolution platform- Smart ODR
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.
Futures and Options (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.
Risk Disclosure on Derivatives
As per a SEBI study dated 25 Jan 2023
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. Kotak Securities Limited (KSL) does not provide any Portfolio Management Services nor is an Investment Adviser.
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.
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 including WhatsApp, Telegram, Instagram, Messenger, 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. and Kotak Mahindra General Insurance Company Limited having composite license (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.
Basket Order: Basket Order is a product offered by Kotak Securities Limited. Any complaints or disputes pertaining to the same shall not be entertained by Exchanges.
Screeners: Screeners are not exchange approved products and any disputes relating to this will not have access to exchange investor redressal forum or arbitration mechanism.
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. All the offers related to MTF are subject to provisions under SEBI circular CIR/MRD/DP/54/2017 dated June 13, 2017.
Bracket Order : Trailing Stoploss orders or Bracket orders which are intended to limit losses or book profits may not be sent to the Exchange due to a possibility of slow or delayed or incomplete/missing tick by tick price or any other such system/network requirement which is beyond our control. This may result in delay in processing or not processing buy or sell orders. In such cases KSL shall not be held responsible to compensate the client against the resultant loss (actual/notional).
Call and Trade : Investments in securities market are subject to market risks, read all the related documents carefully before investing. Available only to registered clients
In case any specific security/securities are displayed in the advertisement as examples, “The securities quoted are exemplary and are not recommendatory.”
In case of talking about past performance of any scrip or product or strategy, “Past performance does not indicate the future performance.”
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
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
The eligible Referrer shall be eligible to earn Referral Points on completion of various stages as follows:
(For detailed explanation of the Referrer's earnings read Point 3, 4, 5 & 6 below)
1 Referral Point = 1 Indian Rupees, if Referrer opts to transfer Referral Points to Equity
I / Referrer hereby declare/s, agree/s, understand/s, acknowledge/s and confirm/s that,
a. Say for instance, the Referrer had a successful account opened on 1st of the month (which was a Monday); in this case 300 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 4 successful Referrals in a month, then the Referrer may continue referring but will not get the one-time incentive of 300 Referral Points on further successful Referrals during that month.
d. Referral scheme eligibility will be for the period when the referred account is opened irrespective of when the Referral was done
Check previous T&C from 12th July, 2022 to 11th May, 23
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
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. 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. Read detailed disclaimer here
Any views and/or opinions stated are personal. Please do thorough research or consult your financial manager/advisor before making an investment.
Terms & Conditions:
Terms & Conditions:
a. Non-Resident Indian (NRI) clients
b. Franchisee clients
c. Clients who belong to 'Offline' customer type
d. Kotak Securities employeese.
e. Clients who are currently part of any one of the following brokerage plans:
Terms and Conditions
Terms and Conditions:
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;
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.
The above details are also available on our website
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.
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 Life Insurance Company Limited & Kotak Mahindra General Insurance Company Limited and is also a “Distributor” 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.
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 “Distributor” 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, Clearing Corporations and Depositories etc have conducted the routine inspection and based on their observations have issued advise/warning/show cause notices/deficiency letters/ or levied penalty or imposed charges for certain deviations observed in inspections or in normal course of business, as a Stock Broker / Depository Participant/Portfolio Manager. 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 does not indicate the future performance of the strategy. 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.
Auto renewal feature of your fee based smallcase subscription is an option that can be chosen if you want your subscription to be automatically renewed post completion of the tenure of your existing subscription plan. During the time of auto renewal, the subscription fee for renewal will be charged via the same payment mechanism which was originally selected for subscribing to your fee based smallcase.
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
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-NSDL-23-97. Compliance Officer Details: Mr. Sandeep Gupta. Call: 022 - 42858484, or Email:firstname.lastname@example.org.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 turn 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.
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
KSL shall execute the SIP orders as per SIP instruction on the SIP execution date and all such orders shall be deemed to be considered as the order placed by the Client.
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.
What you get - Elearnmarkets course (ELM) which offers comprehensive online stock market courses by leading experts with decades of collective experience and Stockedge premium’s quarterly membership.
Terms and Conditions
I / We understand that “TradeAPI” is a suite of Application Programming Interface (APIs). The TradeAPIs provides programmatic access including, but not limited to: placing and managing orders; Stream live market data / Market Depth, various reports on orders, positions, portfolio, margins etc, Market status, Order/Trade confirmation, Historic & Intraday price feed etc among the other access. I / We understand that the APIs are meant to be used for building innovative investment and Internet Based Trading (IBT) platforms with the greater goal of increasing capital market participation in India. This may be for personal use, where the Client develops a customized private software / program/API (Private software) exclusively for customizing personal trading and investment experience. Development of trading platforms are bound by various norms and regulations stipulated by SEBI and exchanges. I / We understand that the “Terms” described hereunder, and any additional terms prescribed under policies and guidelines, Rights and obligations, Voluntary Terms and conditions, Risk Disclosure Documents etc among the other agreements / documents executed / acknowledged at the time of account opening concerning the use of the APIs / internet & wireless technology based trading facility provided by Kotak Securities Ltd (KSL) to client are collectively referred to as the "Terms". In consideration to KSL agreeing to provide TradeAPIs, which connects my / our private software with IBT platforms of KSL, I/we hereby undertake, understand, authorize, confirm, bound and agree to/that:
a. Sublicense TradeAPI to third party.
b. Perform an action with the intent of introducing to KSL’s products and services, any viruses, worms, defects, Trojan horses, malware, or any items of destructive nature
c. Defame abuse, harass, stalk, or threaten others.
d. Interfere with or disrupt APIs or the servers or networks
e. Promote or facilitate unlawful online gambling or disruptive commercial messages or advertisements
f. Reverse engineer or attempt to extract the source code from any API or any related software, except to the extent that this restriction is expressly prohibited by applicable law
g. Remove, obscure, or alter any KSL terms of service or any links to or notices of those terms 11. Confidentiality - credentials (such as User id, passwords, APIs keys and secrets, Trading codes and Client IDs etc) are intended to be used only by me/us and I / We agree to keep the said credentials strictly confidential.
a. Misuse or end user's misuse of KSL TradeAPI.
b. Violation or end user's violation of the Terms; or
c. Any content or data routed into or used with the TradeAPI, those acting on my/our behalf, or end users
d. Any breach of applicable Laws and Regulations by the end users
e. Any Claim by end user against KSL arising from the usage of KSL TradeAPI.
f. Any breach, damages and/or third party claims to KSL’s Intellectual Proprietary rights due to the usage of TradeAPI.
g. Remove, obscure, or alter any KSL terms of service or any links to or notices of those terms 22. Trading through IBT Platform using internet involves many uncertain factors and complex third party hardware, software, systems, communication lines, peripherals, etc. are susceptible to interruptions / delay in transmission of data / non receipt of instructions / dislocations. KSL do not make any representation or warranty about the same.
THIS AGREEMENT REQUIRES ACCEPTANCE TO PROCEED TO UTILISATION OF TradeAPI. THE ACCEPTANCE SO GIVEN CONCLUDES THE AGREEMENT AND THIS AGREEMENT DOES NOT REQUIRE A PHYSICAL/DIGITAL SIGNATURE. THIS AGREEMENT SHALL NOT BE INVALIDATED SOLELY ON THE GROUND THAT IT IS NOT PHSYICALLY SIGNED.
As a matter of policy, we do not sell or rent any Personal Information about you to any third party. However, your Personal Information may be disclosed in the manner set out below:
Business Partners- We may use certain trusted third-party companies and individuals to help provide, analyze, and improve our services including but not limited to data storage, maintenance services, database management services, credit bureau services, services of rating agencies, web analytics , payment processing, and any other service for the improvement of the Platform’s features. These third parties may have access to your Personal Information only for purposes of performing these tasks on our behalf and under confidentiality and data protection obligations similar to ours. We may disclose your Personal Information to partners who perform business functions or hosting services on our behalf and may be located outside of India.
You hereby acknowledge and consent to such use and sharing of data.
You must be aware that the law presumes that every man should not only know EVERY law but also the meaning and implication of every section and word contained therein. You will appreciate that if we were to try to remember only the basic laws effecting our day to day lives it would take us several years of concentrated efforts just to be able to understand a few. Hence, we at Kotak Securities have tried to do away with your tedious task of looking up and understanding the law with respect to your use of our web site and have herein below provided you with the rights, limitations and obligations within the framework of which, if agreed upon by you, in its entirety, then only can a relationship between us can be consummated.
As we would like to know you better we expect you too would like to know us better. We are, Kotak Securities Limited, incorporated under the Companies Act,1956 having registered office at 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E) Mumbai 400 051. Our main business is of Stock broking and we are members of Bombay Stock Exchange Limited, and National Stock Exchange of India Limited (NSE), We are registered as Depository Participant with National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL)
In our constant efforts of providing good and cost effective service to our clients we decided to add online trading to our long list of services and have created this web site and named it as kotaksecurities.com Our web site shall provide you with a wide variety of online information and services with respect to stocks, investments including contents and applications which could either be general and or personalized in nature. In order to keep our standards we maintain, manage and operate our web site along with a team of dedicated and specialized institutions and corporations who are associated with us either as affiliates, agents, associates and or subsidiaries.
Any person can use and participate in our web site as long as he or she is a major i.e. attained the age of 18 years and capable of entering into a legal contract as per the laws in India.
On your registering with our web site and or accessing and or transmitting any data and or information, or otherwise participating and or using our web site in any manner, would indicate that you have understood, appreciated and accepted the rights and obligations voluntarily, that would, there after exist between us, in totality and without any modification to the contents contained herein. We in order to protect yours as well as our interests and security may require to alter and or amend the rights, limitations and obligations contained herein without any notice and or advise to you. Hence we advise and recommend that you check this web page of this web site on a regular basis.
Through this web site you would be linked to other web sites, web pages and or offers which would require you to understand and accept additional rights and or obligations in order to participate. Such additional rights and obligations may have been provided for in this mutual understanding but we cannot guarantee its existence in entirety, hence the same at length shall be available on those respective web site, pages and or offers that are being visited and or viewed. In the event that any of the additional rights and obligations accepted by you are ever in conflict, in whatsoever manner with your rights and obligations contained herein, then these terms shall control. Unless mentioned otherwise herein or on the respective web site and or web pages, all the rights, obligations and limitations contained herein shall supersede all previous terms and conditions. For reasons whatsoever if you may not appreciate our care and concern and the contents herein we can only advise you to, if at all, not to access or transmit any data and or information, participate and or use our web site in any manner in mutual interests.
Correspondence Address: Infinity IT Park, Bldg. No 21, Opp Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. Tel no: 66056825. CIN: U99999MH1994PLC134051 SEBI Registration No. INZ000200137, Kotak Securities Limited: AMFI-registered Mutual Fund Distributor. AMFI ARN: 0164, PMS INP000000258 and Research Analyst INH000000586. NSDL/CDSL: IN-DP-NSDL-23-97. Compliance Officer Details: Mr. Sandeep Gupta. Call: 022 4285 8484, or Email: email@example.com. Investment in securities market are subject to market risks, read all the related documents carefully 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. 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, IPO, Bonds and Debentures. Kindly note that investments in Mutual Funds are made on the basis of the POA executed at the time of registration. Investments in securities are subject to market risk and there is no assurance or guarantee of the objectives of the Portfolio strategies being achieved. 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. Kotak Securities is a corporate agent of Kotak Mahindra Old Mutual Life Insurance Limited(Corporate Agent Registration No. CA0268).
The information provided by you, shall at all times be current, truthful, accurate, complete and updated by you regularly .The making of any false statements, non disclosure and or failure to provide timely updates of necessary information and facts would subject you to civil and criminal liabilities, penalties, non registration and or deactivation of your existing account with our web site without notice or intimation of any kind to you.
We may at times need to edit, alter and or remove any information in whole or in part that may be available on our web site and that we shall not be held responsible for all or any actions that may subsequently culminate into any loss, damage and or liability.
Under certain circumstances it may become necessary for us to disclose your personal information or to adhere to the bonafide requests of the government and or law in either case we shall be bound and shall at all times have the legal right to disclose any or all of your personal information
Please note that by submitting the personal details, you are authorising us/Kotak Securities to call you and send promotional communication even though you may be registered under DNC.
In order to maintain effective control and provide good service to you, you would be permitted t to maintain ONLY ONE account with us at all times, unless a previous registration and or account of yours has been deactivated, invalid, inoperative or otherwise. Failure on your part to disclose such information shall make you liable for having your account deactivated and or be liable to be prosecuted under the civil and criminal procedures of law.
As part of the registration process, you will be asked to select a User Name and Password for accessing our services on this website. We reserve the right at our sole discretion to refuse to grant you a User Name if the username is fictitious, or an impersonation of someone else, illegal, protected by a trademark, copyright or other legal proprietary right, vulgar, obscene or offensive in any way, or may cause confusion to other members of the website Site. You agree not to provide or make known your User Name, Password or e-mail address to any other person for the purpose of facilitating such person's access and unauthorized use of this website.
You shall be the only authorized user of this website through your User Name and Password. You also agree that you shall be solely responsible for all messages posted, statements made, or acts or omissions that occur within this website through the use of your User Name and Password. If you allow third parties to access this website through your User Name and Password, you will defend and indemnify us its our affiliates and any independent contractor engaged by us to assist in monitoring our website, against any liability, costs or damages arising out of claims or suits by such third parties based upon or relating to such access and use. If you believe someone has used your Password without your authorization, or has, in your judgment, violated these Terms and Conditions, you should notify us immediately.
We wish to caution you that we have no control over the handling of personal information or endorse the content, messages or information provided by the link sites available on or through our web site which compels us to disclaim any liability with regard to any actions resulting from your participation in any linked site.
Our need to launch this web site has been to provide for online trading of stocks to our clients and also felt that it would be appreciated by you if you were to find all necessary information with respect to stocks on our web site. In order to provide you with the latest and updated information on stocks we have associated with the best in the field who will provide their contents, products and services. All the content and or the material made available on this web site or the linked sites are provided to you "AS IS " and without warranty of any kind from us whether express or implied including, but not limited to, the implied warranties of merchantability and fitness for a particular purpose, title, non-infringement, security or accuracy and nor do we nor our affiliates, directors, employees, associates or other representatives, agents, and or subsidiaries endorse or take any responsibility for
The accuracy or reliability of any opinion, advice or statement made through the site or a linked site
The capabilities or reliability of any product or service obtained from a linked site, or
Make good all or part of any loss and or damage that may have been caused by the or user's reliance on any information, advice, product or service obtained from a linked site.
Hence it would be your responsibility to evaluate any inaccuracy, error, or delay in, or omission of
any such data, information, or message within our web site or (ii) the transmission or delivery of any data, information, or message; or
(iii) any loss, expense, cost or damage arising from or occasioned by any such inaccuracy, error, delay, or omission, non-performance, or interruption of any data, information, or message, due either to any negligent act or omission, non-performance, or interruption of any data, information, or message, due either to any negligent act or omission by us or our affiliates, agents, associates and or subsidiaries , or "force majeure" (i.e., flood, extraordinary weather conditions, earthquake, or other act of God, fire, war, insurrection, riot, labor dispute, accident, action of government, communications power failure, or equipment or software malfunction) or any other cause or circumstances beyond the reasonable control of KOTAK SECURITIES.
The information that we provide is not intended to be used by you as the sole basis for investment decisions, nor should it be construed as advice designed to meet the particular needs of an individual investor. In your interests we advise that you seek the advice of professionals, as appropriate, regarding the evaluation of any specific opinion, advice, product service or other content made available to you through this web site or obtained from a linked site. Hence should you act on any information, advice and or opinion available either on our web site or those sites linked with us you will not hold us nor our directors, employees, affiliates, agents, associates and or subsidiaries or other representatives liable for making good all or any loss or damage that has emanated from adhering upon any information, advise or opinion available on all or any of the web pages of our web site or those linked with us.
You agree that neither us nor our affiliates, agents, associates and or subsidiaries and any of our respective officers, directors, employees, or agents will not be liable, whether in contract, tort, strict liability or otherwise, for any indirect, punitive, special, consequential, incidental or indirect damages (including without limitation lost profits, cost of procuring substitute service or lost opportunity)arising out of or in connection with the use of our web site and or a linked site, or with the delay or inability to use the site or a linked site, even if we have been made aware of the possibility of such damages. This limitation on liability includes, but is not limited to, the transmission of any viruses which may infect a user's equipment, failure of mechanical or electronic equipment or communication lines, telephone or other interconnect problems (e.g., you cannot access your internet service provider), unauthorized access, theft, operator errors, strikes or other labor problems or any force majeure, we cannot and do not guarantee continuous, uninterrupted or secure access to the internet, our web site or linked site.
KOTAK SECURITIES provides links to these other web sites only as a convenience to you and any access by you of any other linked site shall be at your consequences. We nor our respective suppliers make any representations about the suitability, reliability, availability, timeliness, and accuracy of the information, products, services, and related graphics contained on the web site for any purpose.
Further we reserve our right to disable any unauthorized links or frames and specifically disclaim any responsibility for the content available on any other Internet sites linked to us.
All the trademarks, logos and service marks, information and content provided on our web site including its design structure and compilation are privately owned Intellectual Property Rights of either Kotak Securities and or its affiliates, agents, associates, subsidiaries and or otherwise permitted by us advertise on our web site. Unless otherwise noted you shall not copy, download or and print documents from our web site for any commercial purposes and shall not post, distribute transmit display publish sell or modify them or remove any copyright trade mark or other proprietary notices. For permission to use third party materials appearing on our web site, please contact the copyright owner.
Also the trademarks, logos and service marks available on our web site is an invaluable assets of Kotak Securities and or its affiliates, agents, associates, subsidiaries and other parties, who have been authorized by us to display the same on our web site. In our endeavor to serve and protect your interests and rights, we would appreciate if you could inform us in writing at firstname.lastname@example.org Giving all necessary details of the violation or infringement of our trademarks, logos and service marks which are either protected by us and or available on our web site. The information thus provided by you would be forwarded to our legal advisors for opinion on all or any legal recourse that can or should be adopted by us in order to protect our intellectual Property rights.
We reserves the right to store information on a user's computer in the form of a "cookie" or a similar file and the utilization of all or any information derived there from by us.
As we are incorporated under the laws of India, you will appreciate that we can only abide and follow the laws of this land for entering and or fulfilling this Agreement between the two of us i.e you and us. For the sake of jurisdiction for all or any disputes arising out of or relating to the use of this web sites the courts in the city of Mumbai in the state of Maharashtra, shall ONLY have jurisdiction. The access and or use by you of our web site shall be deemed to be UNAUTHORIZED if the terms and conditions contained herein, in part or in full including this paragraph are not recognized and or not capable of being enforced in the country and or jurisdiction from where you have voluntarily or otherwise accessed and or used our web site in any manner. You understand and agree that no joint venture, partnership, employment, or agency relationship exists between you and us as a result of this Agreement or on account of use of our web site. We reserves the right to comply with any legal, government, court and or law enforcing authorities request, requirement and or order to provide in part and or full, any information related to our web site and or its use and or the information gathered and or collected by us, in regular course or otherwise and such an act by us shall not cause the derogation of our right with respect to this Agreement nor shall it cause this Agreement to be null, void and or violation of any terms and conditions contained herein. If at time during the existence and subsistence of this Agreement any part of this Agreement is concluded to be invalid or unenforceable by any law that may be applicable to this Agreement in India shall include, but not limited to, the warranty disclaimers and liability limitations set forth above, then the invalid or unenforceable provision will be deemed superseded by a valid, enforceable provision that most closely matches the intent of the original provision and the remainder of the agreement shall continue in effect. Unless otherwise expressly provided herein, this Agreement, its provisions and intentions constitutes the entire Agreement between you and us with respect to this web sites of ours and it supersedes all prior or contemporaneous communications and proposals, whether electronic, oral or written, between the two of us.
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.