| FAQ's > Equity > Place an Order
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For whom is this facility available? |
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This facility is available only for online trading customers.
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Am I eligible for opening a trading account |
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Any individual, Hindu undivided family (HUF), proprietary firm, partnership firm, or a company can open an account with Kotak Securities.com.
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How do I open an account? |
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It's simple! Apply Online, call our number 30305757 or visit our local branch.
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What is the least amount of margin that I need to pay Kotak Securities to start trading? |
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| You can start trading by placing a minimum margin of: |
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Rs.20,000-Rs.500,000/- in the Gateway Account |
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Rs. 1,000,000 in the Privilege Account |
This minimum margin can be in the form of Cash or Stocks.
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What are the different types of orders that can be placed on www.kotaksecurities.com? |
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a)Normal Order:
When you sell shares it will be automatically adjusted against the shares bought by you earlier or shares already in your DP. To know more about how system marks orders automatically click here.
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b) Margin Funding Order:
Kotak Securities provides facility for funding for the shares bought by you, you need to pay only part of total value of shares bought. E.g. If you buy Infosys worth Rs.1,00,000/-, you are supposed to pay 50%* i.e.Rs.50000/- and balance Rs.50000/- will be paid by Kotak Securities on behalf of you at the time of pay-in.
* % of the Margin may vary from time to time.
While placing the order, select 'Margin Trading' as the 'Order Type'.
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c) Super Multiple:
Super Multiple is designed for traders who wish to take the advantage of intra-day trading in huge volumes and thus make the most of market conditions. It is an auto square off product. With Super Multiple you can take a position on particular scrip(s) on a particular day and avail up to 12 times exposure on the initial margin. You will have to square off all your open positions within 3.10 pm on that day itself, after which our system will automatically square off your open positions
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d)Cover Order:
It is a facility provided by Kotak Securities wherein two orders will be accepted at the same time, one being a normal order and second a stop loss order with a trigger price. E.g. - If you place an order to buy 200 shares of SBI at Rs. 886, you can simultaneously, place a sell order at Rs. 880 to restrict your losses. In case SBI does not reach Rs. 880, this order will be automatically cancelled at the end of the trading day. Please note that you need to mention a trigger price at which stop loss will be released in the system.
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e) Stop Loss Order:-
It is an order placed, which gets activated only when the market price of the relevant scrip reaches or crosses a threshold price, which is called trigger price. Until then the order does not enter the market but sits with the NSE.
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What is the procedure for placing Stop Loss Orders |
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Stop Loss order can be placed while placing a fresh order as well as a square off order.
Basics of Stop Loss Order :-
Buy : Market Price < Trigger price < Order Price. (Trigger price entered should be greater than the market price)
Sell : Market Price > Trigger price > Order Price. (Trigger price entered should be lesser than the market price)
When the market hits the trigger price, the order is forwarded to the exchange and the same gets traded at a price between the Trigger price and the order price.
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What happens in case my shares are short sold? |
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At any point of time when the shares are short sold and the same are not delivered for the pay-in to the exchange, then the shares go in for auction wherein the shares are purchased on behalf of the client in the auction market and delivered to the actual buyer.
To carry on the auction procedure, 150% of the amount shall be blocked in your account. The same shall be reversed subject to the debit of the actual auction charges.
We request you to view the details in your ledger. The path is as follows:
Kotaksecurities.com -- Login to Trade -- My Account -- View My Ledger -- BSE/NSE.
Kindly note that you can also transfer the shares from some other demat account to your demat account with Kotak in order to adjust the shares for the pay-in. However, the shares should be transferred one day prior to the pay-in date before 3.30 p.m.
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