FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Dhan Vs Karvy: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Dhan Max Rs 20 per trade while the brokerage of Karvy ranges between 0.03 to 0.3%. Dhan is a Discount Broker where Karvy is a Full Service Broker. Dhan is having overall lower rating compare to Karvy. Dhan is rated only 3 out of 5 where Karvy is rated 4 out of 5. Number of active customer for Dhan is 4,34,798 where number of active customer for Karvy is . Dhan is serving more customer compare to Karvy.

Here we present side-by-side comparison of Dhan vs Karvy share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Dhan vs Karvy's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Dhan vs Karvy share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Dhan vs Karvy's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Dhan vs Karvy on Service

  Dhan Compare
Dhan
Karvy Compare
Karvy
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 4,34,798
Broker Overview Open a free Dhan Demat and trading account and start trading at just Rs 20 brokerage on the lightning and superfast Dhan App, web, and Options Trader platform. It is the first broker to provide a dedicated options trading platform and allow Direct tr... Know more about Dhan One of the largest stockbrokers offering a full spectrum of financial products including Karvy Demat and Trading Account, NRI account, Corporate Account, Trust Account, research reports, and advisory.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare Dhan vs Karvy on Trading & Demat Account Opening Charges

Comparison of Dhan with Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Dhan offer Free AMC for Demat account where Karvy charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Dhan with Karvy
Charges Dhan Karvy
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 500 PA
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare Dhan vs Karvy on Plan Options

Plans are the most important feature you look when compare Dhan with Karvy. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Dhan with Karvy on Plan Options
Plan Types Dhan Karvy
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare Dhan vs Karvy on Brokerage Charges

Dhan Brokerage Plan detail - Dhan has a fixed Rs 20 brokerage plan that charges you a maximum of Rs 20 per order brokerage fee on trading in equity, derivatives, commodity, and currency. However, it provides free equity delivery at zero charges.

Karvy Brokerage Plan detail - Karvy have different plan and this is there basic plan, For more details about plan you need to contact personally.

Brokerage Charges - Compare Dhan with Karvy
Brokerage Charges Compare Dhan Karvy
Plan Name Dhan Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery Free 0.3% or 30 paisa
Equity Intraday 0.03% or Rs 20 whichever is lower 0.03% or 3 paisa
Equity Futures 0.03% or Rs 20 whichever is lower 0.03% or 3 paisa
Equity Options Flat Fee Rs 20 Rs 50 Per Lot
Currency Futures 0.03% or Rs 20 whichever is lower 0.03% or 3 paisa
Currency Options Flat Fee Rs 20 Rs 50 Per Lot
Commodity Trading Flat Fee Rs 20 0.03% or 3 paisa
Minimum Brokerage No NIL
Hidden Charges No Info Not Available
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Rs 50 per order + GST Call 18004198283 number for Call and Trade, SMS Order faclity also available
Auto Square off Charges Rs 20 per order + GST Call 18004198283 number for Call and Trade, SMS Order faclity also available
Brokerage Calculator Brokerage Calculator for Dhan Brokerage Calculator for Karvy
Expand

Share Broker's Transaction Charges

Compare Dhan vs Karvy on Transaction Charges

Compare Dhan with Karvy on transaction charges and PCM fee by segment.

Transaction Charges - Compare Dhan with Karvy
Transaction Charges Compare Dhan Karvy
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for dhan Complete Brokerage Plans for karvy
Expand

Account Features

Compare Dhan vs Karvy on Account Features

Compare Dhan with Karvy on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. Margin Funding - Dhan offers a margin funding where Karvy doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Dhan with Karvy
Account Features Compare Dhan Karvy
3 in 1 Account No Dhan have 2-in-1 account. Only Demate and Trading account. No Dhan have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:20 PM 3:15 PM
NRI Trading No No
Other Features NIL NIL
Expand

Trading Platform

Compare Dhan vs Karvy on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Dhan and Karvy. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Dhan with Karvy
Trading Platform Compare Dhan Karvy
Desktop Trading Platform Dhan App, Web, Options Trader Karvy NESTTrader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://web.dhan.co/ https://trade.karvyonline.com/KARVY/Login/indexauth.jsp
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Dhan App KarvyOnline
Mobile Trading App Demo Dhan App Demo KarvyOnline Demo
Android Mobile App Yes Yes
Android App Download Andriod Dhan App Download Andriod KarvyOnline Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Dhan App Download iOS KarvyOnline Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Dhan Equity Intraday and Delivery Brokerage Calculator for Karvy
Futures Brokerage Calculator Futures Brokerage Calculator for Dhan Futures Brokerage Calculator for Karvy
Options Brokerage Calculator Options Brokerage Calculator for Dhan Options Brokerage Calculator for Karvy
Detail Detail on Trading Platforms for dhan Detail on Trading Platforms for karvy

Expand

Broker Ratings by Users

Compare Dhan vs Karvy on User Rating

  Dhan Karvy
  12 Customer Reviews    Rate Dhan 3 Customer Reviews    Rate Karvy
Fees Ratings 2.8 2.7
Trading Brokerage Rating 3.6 2.3
Trading Platform Usability 3.2 2.3
Customer Service Ratings 2.8 3.7
Overall Ratings 3.3 2.7
Broker Rating Dhan is Rated 3.3 / 5 based on 12 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
Expand

Investment Offerings

Compare Dhan vs Karvy on Investment Offerings

Compare Dhan with Karvy on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Karvy offers online mutual fund investment option where Dhan doesn't offer. Portfolio Management Services (PMS) - Karvy provides PMS Service where Dhan doesn't offer

Investment Offerings - Compare Dhan with Karvy
Investment Offerings Compare Dhan Karvy
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds No Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment No Yes
Equity SIP Investment Yes Yes
PMS Service No Yes
Other Investment Options NIL Insurance
Expand

Order Types

Compare Dhan vs Karvy on Order Types

Order Type - Compare Dhan with Karvy on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Dhan offers After Market Orders where Karvy doesn't offers AMO. GTC Orders- Dhan offers Good Till Cancelled (GTC) orders where Karvy doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Dhan with Karvy
Order Type Compare Dhan Karvy
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
Expand

Customer Service Offered

Compare Dhan vs Karvy on Customer Service

Compare Dhan with Karvy on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Dhan with Karvy
Customer Service Compare Dhan Karvy
24/7 Customer Service Dhan vs Karvy - 24x7 customer support No No
Email Support Dhan vs Karvy - Email Support Yes Yes
Onine Live Chat Dhan vs Karvy - Onine Live Chat Yes No
Phone Support Dhan vs Karvy - Phone Support Yes Yes
Toll Free Number Dhan vs Karvy - Toll Free Number No Yes
Through Branches Dhan vs Karvy - Through Branches No Yes
Customer Care Number Dhan vs Karvy - Customer Care Number 022-48906273 18004198283/7093706007/18004198283
Account Opening Process Dhan vs Karvy - Account Opening Process Zero Online/Paperless
Customer Support Email Dhan vs Karvy - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Dhan vs Karvy - Knowledge Center/Education https://knowledge.dhan.co/support/home https://www.karvyonline.com/knowledge-center/index
Head Office Address Dhan vs Karvy - Head Office Address/Corporate Address
302, Western Edge l,
Off Western Express Highway,
Borivali East, Mumbai - 400066,
Maharashtra, India.
Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Website Dhan vs Karvy - Company Website https://dhan.co/ www.karvyonline.com
Expand

Tips/Research/Reports Published

Compare Dhan vs Karvy on Research Reports, Tips

Compare Dhan with Karvy on research reports and tips provided by the broker.

Research Reports - Compare Dhan with Karvy
  Dhan Karvy
Research Mutual Funds Dhan vs Karvy - Research Mutual Funds No No
Research Equity Reports Dhan vs Karvy - Research Equity Reports No No
Research ETF Dhan vs Karvy - Research ETF No No
Daily Market Report Dhan vs Karvy - Daily Market Report No Yes
Free Tips Dhan vs Karvy - Free Tips No Yes
Quarterly Result Analysis Dhan vs Karvy - Quarterly Results No Yes
News Alerts Dhan vs Karvy - No Yes
Expand

Demat Account

Compare Dhan vs Karvy on Demat Account

Compare Dhan with Karvy on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Karvy is ₹365 pa where for Dhan is Zero.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Dhan is ₹12.5 per transaction where for Karvy is ₹15 per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Dhan with Karvy
  Dhan Karvy
DP Source CDSL CDSL
DP ID Dhan vs Karvy - DP ID 289-2016 33200
Demat Account Annual Maintenance Charges(AMC) Zero ₹365 pa
Advance Deposit Nil NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12.5 per transaction ₹15 per transaction
Demat ₹250 per certificate + courier charges ₹5 per certificate + ₹40 courier charges
Remat ₹250 per certificate + courier charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation ₹12.5 per transaction 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Creation Confirmation Nil 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure ₹12.5 per transaction 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure Confirmation Nil 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Invocation ₹12.5 per transaction 0.03% of transaction value (Min ₹100 and Max ₹5k)
Failed Instruction Charges Nil ₹100
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare Dhan vs Karvy on Special Offers and Promotion

Compare Dhan with Karvy on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Dhan vs Karvy on Special Offers and Promotion
  Dhan Karvy
Pay In and Pay Out Options Dhan vs Karvy - Pay In and Pay Out Options UPI, Net banking, and Smart Fund Transfer using NEFT, RTGS, and IMPS Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Karvy Broking Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Dhan vs Karvy - Payout Time Fast withdrawal with IMPS, NEFT Withdrawal Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Dhan vs Karvy - Bank Supported and Charges Around 40+ bank are prefered parter with Karvy Stock Broking.
Bank Detail Info Not Available
Likes
  • No account opening fees.
  • No brokerage fees for investing in stocks, IPO, and ETF.
  • Rs 20 competitive brokerage plan.
  • TradingView charting platform.
  • Lightning, fast, and user-friendly Dhan app and web platform.
  • Powerful options trader app and web platform for F&O traders.
  • Instant withdrawal of funds to your bank account in just a few minutes.
  • Margin trading facility.
  • Start daily, weekly and monthly SIP in stocks and ETFs.
  • After-market order (AMO), Basket order, Bracket order (BO), Cover order (CO) and Forever order.
  • 50% brokerage discount to women traders and investors.

Detail Review...

Detail Review...

Dislikes
  • You cannot invest in mutual funds and sovereign gold bonds.
  • No installable trading terminal.
  • High fees for call & trade services.
  • Does not offer stock market trading tips, equity research & advisory.
  • You cannot open a 3-in-1 account in Dhan.
  • NRIs cannot open Dhan trading and demat accounts.

Detail Review...

  • 3-in-1 account opening facility is not available with Karvy.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T03:51:34+00:00