Fundamental Calls

  • Recommendations based on fundamental research and insight
  • Stay up to date with free stock market updates
  • Get the target price of stock along with Investment Horizon


  • Monthly
  • ₹100
  • Annual
  • ₹1200 ₹1000

Technical & Derivative Calls

  • Recommendations based on technical analysis
  • Stay up to date with free stock market updates
  • Get recommendations along with support levels for the stock


  • Monthly
  • ₹100
  • Annual
  • ₹1200 ₹1000

Combined (Fundamental + Technical & Derivative Calls)

  • Get long term recommendations based on fundamental and short term based on technical analysis
  • Stay up to date with free stock market updates


  • Monthly
  • ₹150
  • Annual
  • ₹1800 ₹1500


What is Kotak Research SMS, and what does it contain?

This is an SMS service through which one can receive equity research and market information updates during the day. It consists of fundamental research calls, technical research calls and market updates.

What is Fundamental research?

Fundamental research is based on fundamental analysis. It is a method of evaluating a security that entails attempting to measure its intrinsic value by examining related economic, financial and other qualitative and quantitative factors. Fundamental analysts study everything that can affect the security's value, including macroeconomic factors (like the overall economy and industry conditions) and company-specific factors (like financial condition and management).

What is Technical research?

Technical research is based on technical analysis and is defined as a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value but instead, use charts and other tools to identify patterns that suggest future stock movements.

Who can subscribe to this service?

This service is available to all existing and new customers of Kotak Securities Ltd.

What are the charges?

The service is free of charge for the first two months. Post two months, the plans for the service are as follows:

SMS Type Monthly Plan Yearly Plan
Fundamental Call ₹100 ₹1000
Technical Call ₹100 ₹1000
Both ₹150 ₹1500

The charges would be debited from your ledger account at the beginning of the period.

Clients subscribing to either/both SMS services would get our "Market Update" SMS plan complimentary.

Please note that these charges are exclusive of Service Tax. Service Tax would be levied as per the applicable rate.


Particulars Date
Subscription Date April 15, 2022 (assumption post 2 month trial period)
SMS start date April 16, 2022
Free trial offer date Till June 14, 2022
Billing date June 15, 2022
Last date to opt out to avoid billing On or before June 14, 2022
Plan valid date Till June 14, 2023
Can I choose the fundamental SMS pack as a monthly plan and the technical SMS pack as a yearly plan and vice versa?

No, plan choice is restricted to the same period only i.e., either monthly or yearly. However if you have subscribed to only one SMS type for yearly plan and would like to subscribe to the other also during the period you may do so. Charge for the second service as a proportion to days left in first service cycle would be charged. From following period / cycle (starting from end of first cycle of first service), we will charge as if "BOTH" were selected.


Assumption: A customer subscribes to Fundamental call on 01.08.2022 for yearly plan for which the renewal date will be 01.08.2023. Later on 01.02.2023 he subscribes to Technical call for yearly plan. The charges would be as follows:

i) Charges for first year:
On 01.08.2022: For Fundamental call Rs. 1000/-
On 01.02.2023: For Technical call Rs.500/- (Rs. 1000*remaining days for renewal of Fundamental call)

ii) Renewal charges:
On 01.08.2023: Rs. 1500/- only and not Rs. 2000/- (1000+1000) as this will be treated as subscribed to both SMS type for yearly plan.

How can I avail/subscribe to this service?

Customers can login to their trading account https://www.kotaksecurities.com/ and subscribe to this service under Dashboard -> More -> "Research & Trade Subscription" or Customer Service -> "Research & Trade Subscription ".

How can I unsubscribe?

Customer can log in to their trading account https://www.kotaksecurities.com/trade/login and unsubscribe to this service under Dashboard -> More -> "Research & Trade Subscription" -> Untick the service you want to unsubscribe.

Will I be charged if I unsubscribe in between the subscription periods?

There are no additional charges for service discontinuation requests between the periods. However, there would be no refund of fees if we receive a discontinuation request between the subscription periods.

Can I renew the service automatically after the end of the subscription period?

The service is renewed automatically unless the customer logs in and unsubscribes to the service.

What is the free trial offer?

For the first 2 months, we offer a free trial subscription to the Monthly/Yearly Plan. Clients can opt-out of the service before the end of the second trial month without any payment. The two-month free trial is available only once.

From which IDs are SMS recommendations sent?

Kotak Securities sends recommendations only from the below mentioned IDs: KOTAKS, KSTECH, KSDERV, KSRISK