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Finvasia 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 Finvasia Max Rs 0 per trade while the brokerage of Karvy ranges between 0.03 to 0.3%. Finvasia is a Discount Broker where Karvy is a Full Service Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Finvasia is 1,05,160 where number of active customer for Karvy is . Finvasia is serving more customer compare to Karvy.

Here we present side-by-side comparison of Finvasia 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 Finvasia 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 Finvasia 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 Finvasia 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 Finvasia vs Karvy on Service

  Finvasia Compare
Finvasia
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, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 1,05,160
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia 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
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Account Opening Charges and AMC

Compare Finvasia vs Karvy on Trading & Demat Account Opening Charges

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

Trading & Demat Account Opening Charges - Compare Finvasia with Karvy
Charges Finvasia 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
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About Brokerage Plans

Compare Finvasia vs Karvy on Plan Options

Plans are the most important feature you look when compare Finvasia 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 Finvasia with Karvy on Plan Options
Plan Types Finvasia Karvy
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Finvasia vs Karvy on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

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 Finvasia with Karvy
Brokerage Charges Compare Finvasia Karvy
Plan Name Zero Brokerage Trading Plan Basic Trading Plan (Percentage Based)
Equity Delivery Rs 0 0.3% or 30 paisa
Equity Intraday Rs 0 0.03% or 3 paisa
Equity Futures Rs 0 0.03% or 3 paisa
Equity Options Rs 0 Rs 50 Per Lot
Currency Futures Rs 0 0.03% or 3 paisa
Currency Options Rs 0 Rs 50 Per Lot
Commodity Trading Rs 0 0.03% or 3 paisa
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes, 24% interest PA Yes - 18% interest PA
Call & Trade Charges Free Call 18004198283 number for Call and Trade, SMS Order faclity also available
Auto Square off Charges Free Call 18004198283 number for Call and Trade, SMS Order faclity also available
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for Karvy
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Share Broker's Transaction Charges

Compare Finvasia vs Karvy on Transaction Charges

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

Transaction Charges - Compare Finvasia with Karvy
Transaction Charges Compare Finvasia 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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for finvasia Complete Brokerage Plans for karvy
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Account Features

Compare Finvasia vs Karvy on Account Features

Compare Finvasia 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 - Both broker dont have a margin funding facility. NRI Trading - Finvasia offers NRI where Karvy doesn't offers NRI Trading.

Account Features - Finvasia with Karvy
Account Features Compare Finvasia Karvy
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. No Finvasia 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 No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15 PM 3:15 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Finvasia vs Karvy on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia 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 Finvasia with Karvy
Trading Platform Compare Finvasia Karvy
Desktop Trading Platform OMNESYS NEST Karvy NESTTrader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.finvasia.com/ https://trade.karvyonline.com/KARVY/Login/indexauth.jsp
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SCALPERT KarvyOnline
Mobile Trading App Demo SCALPERT Demo KarvyOnline Demo
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod KarvyOnline Download
iPhone Mobile App (IOS) No No
iOS App Download Info Not Available iOS KarvyOnline Download
Android Tablet App Yes Yes
iPad App (IOS) No No
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for Karvy
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for Karvy
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for Karvy
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for karvy

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Broker Ratings by Users

Compare Finvasia vs Karvy on User Rating

  Finvasia Karvy
  17 Customer Reviews    Rate Finvasia 3 Customer Reviews    Rate Karvy
Fees Ratings 4.3 2.7
Trading Brokerage Rating 4.6 2.3
Trading Platform Usability 4.0 2.3
Customer Service Ratings 3.5 3.7
Overall Ratings 4.2 2.7
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Finvasia vs Karvy on Investment Offerings

Compare Finvasia 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 - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Karvy provides PMS Service where Finvasia doesn't offer

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

Compare Finvasia vs Karvy on Order Types

Order Type - Compare Finvasia 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)- Finvasia offers After Market Orders where Karvy doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Finvasia with Karvy
Order Type Compare Finvasia 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 No No
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Customer Service Offered

Compare Finvasia vs Karvy on Customer Service

Compare Finvasia 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 Finvasia with Karvy
Customer Service Compare Finvasia Karvy
24/7 Customer Service Finvasia vs Karvy - 24x7 customer support No No
Email Support Finvasia vs Karvy - Email Support Yes Yes
Onine Live Chat Finvasia vs Karvy - Onine Live Chat Yes No
Phone Support Finvasia vs Karvy - Phone Support Yes Yes
Toll Free Number Finvasia vs Karvy - Toll Free Number No Yes
Through Branches Finvasia vs Karvy - Through Branches No Yes
Customer Care Number Finvasia vs Karvy - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 18004198283/7093706007/18004198283
Account Opening Process Finvasia vs Karvy - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Finvasia vs Karvy - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs Karvy - Knowledge Center/Education https://finvasia.com/announcements https://www.karvyonline.com/knowledge-center/index
Head Office Address Finvasia vs Karvy - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Website Finvasia vs Karvy - Company Website https://www.finvasia.com/ www.karvyonline.com
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Tips/Research/Reports Published

Compare Finvasia vs Karvy on Research Reports, Tips

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

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

Compare Finvasia vs Karvy on Demat Account

Compare Finvasia 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 Finvasia is Free where for Karvy is ₹365 pa. Finvasia is a better choice in terms of Demat AMC compare to Karvy.

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 Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every 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 Finvasia with Karvy
  Finvasia Karvy
DP Source CDSL CDSL
DP ID Finvasia vs Karvy - DP ID 84300 33200
Demat Account Annual Maintenance Charges(AMC) Free ₹365 pa
Advance Deposit Rs 0 NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction ₹15 per transaction
Demat ₹15 per certificate ₹5 per certificate + ₹40 courier charges
Remat ₹15 for every hundred securities + CDSL Charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation ₹25 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 ₹25 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 ₹19 per transaction 0.03% of transaction value (Min ₹100 and Max ₹5k)
Failed Instruction Charges ₹49 ₹100
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs Karvy on Special Offers and Promotion

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

Compare Finvasia vs Karvy on Special Offers and Promotion
  Finvasia Karvy
Pay In and Pay Out Options Finvasia vs Karvy - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through bank transfer only.
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 Finvasia vs Karvy - Payout Time Up to 24 hrs except for bank holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Finvasia vs Karvy - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Around 40+ bank are prefered parter with Karvy Stock Broking.
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Info Not Available
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

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

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
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Last Updated on 2023-09-05T02:25:49+00:00