FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Karvy offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct ranges between 0.02% to 0.20% while the brokerage of Karvy ranges between 0.03 to 0.3%. Both the brokers are Full Service brokers. IDBI Direct is having overall lower rating compare to Karvy. IDBI Direct is rated only 3.5 out of 5 where Karvy is rated 4 out of 5. Number of active customer for IDBI Direct is 55,291 where number of active customer for Karvy is . IDBI Direct is serving more customer compare to Karvy.
Here we present side-by-side comparison of IDBI Direct 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 IDBI Direct 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 IDBI Direct 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 IDBI Direct vs Karvy's on
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.
Comparison of IDBI Direct with Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - IDBI Direct charges Rs 350 PA [Free for 1st year] AMC for Demat account where Karvy charges Rs 500 PA AMC for Demat account.
Charges | IDBI Direct | Karvy |
---|---|---|
Trading Account Opening Fees | Free | Free |
Trading AMC | Free | Free |
Demat Account Opening Fees | Free | Free |
Demat AMC | Rs 350 PA [Free for 1st year] | Rs 500 PA |
Provide DP Service |
Plans are the most important feature you look when compare IDBI Direct 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.
Plan Types | IDBI Direct | Karvy |
---|---|---|
Multiple Plans | ||
Monthly Plans | ||
Yearly Plans |
Zerodha | Zerodha | |
---|---|---|
Account Opening Request |
IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan
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 | IDBI Direct | Karvy |
---|---|---|
Plan Name | Flat Brokerage PLan | Basic Trading Plan (Percentage Based) |
Equity Delivery | 0.20% | 0.3% or 30 paisa |
Equity Intraday | 0.02% | 0.03% or 3 paisa |
Equity Futures | Flat Rs 15 per order | 0.03% or 3 paisa |
Equity Options | Flat Rs 15 per order | Rs 50 Per Lot |
Currency Futures | Flat Rs 15 per order | 0.03% or 3 paisa |
Currency Options | Flat Rs 15 per order | Rs 50 Per Lot |
Commodity Trading | NA | 0.03% or 3 paisa |
Minimum Brokerage | Rs 25 per trade or 2.5% of the trade value whichever is lower. | NIL |
Hidden Charges | Info Not Available | Info Not Available |
Funding | Info Not Available | Yes - 18% interest PA |
Call & Trade Charges | Free | Call 18004198283 number for Call and Trade, SMS Order faclity also available |
Auto Square off Charges | NA | Call 18004198283 number for Call and Trade, SMS Order faclity also available |
Brokerage Calculator | Brokerage Calculator for IDBI Direct | Brokerage Calculator for Karvy |
Compare IDBI Direct with Karvy on transaction charges and PCM fee by segment.
Transaction Charges Compare | IDBI Direct | 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 idbicapital | Complete Brokerage Plans for karvy |
Compare IDBI Direct with Karvy on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct offers 3-in-1 account where Karvy offers only 2-in-1 account which includes trading and demat account. Algo Trading - Karvy offers Algo Trading where IDBI Direct doesn't offers Algo Trading. Margin Funding - IDBI Direct offers a margin funding where Karvy doesn't offers margin funding. NRI Trading - IDBI Direct offers NRI where Karvy doesn't offers NRI Trading.
Account Features Compare | IDBI Direct | Karvy |
---|---|---|
3 in 1 Account | ||
Charting | ||
Algo Trading | ||
SMS Alerts | ||
Online Demo | ||
Online Portfolio | ||
Margin Trading Funding Available | ||
Combined Ledger for Equity and Commodity | ||
Intraday Square-off Time | 3:15PM | 3:15 PM |
NRI Trading | ||
Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct 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 | IDBI Direct | Karvy |
---|---|---|
Desktop Trading Platform | Infinity | Karvy NESTTrader |
Desktop Demo | Info Not Available | Desktop Demo |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | https://trade.idbicapital.com/ | https://trade.karvyonline.com/KARVY/Login/indexauth.jsp |
Web Trading Demo | Info Not Available | Web Trading Demo |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | IDBI Direct Mobile App | KarvyOnline |
Mobile Trading App Demo | Info Not Available | KarvyOnline Demo |
Android Mobile App | ||
Android App Download | Andriod IDBI Direct Mobile App Download | Andriod KarvyOnline Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS IDBI Direct Mobile App Download | iOS KarvyOnline Download |
Android Tablet App | ||
iPad App (IOS) | ||
Trading Software Charges | Free | Free |
Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for IDBI Direct | Equity Intraday and Delivery Brokerage Calculator for Karvy |
Futures Brokerage Calculator | Futures Brokerage Calculator for IDBI Direct | Futures Brokerage Calculator for Karvy |
Options Brokerage Calculator | Options Brokerage Calculator for IDBI Direct | Options Brokerage Calculator for Karvy |
Detail | Detail on Trading Platforms for idbicapital | Detail on Trading Platforms for karvy |
Compare IDBI Direct 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 - Karvy offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Karvy provides PMS Service where IDBI Direct doesn't offer
Investment Offerings Compare | IDBI Direct | Karvy |
---|---|---|
Equity Cash and F&O | ||
Currency Deravitives | ||
Commodity | ||
Online IPO Application | ||
Mutual Funds | ||
Bond / NCD | ||
ETF | ||
Banking | ||
Insurance | ||
Forex | ||
MF SIP Investment | ||
Equity SIP Investment | ||
PMS Service | ||
Other Investment Options | NIL | Insurance |
Order Type - Compare IDBI Direct 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)- IDBI Direct offers After Market Orders where Karvy doesn't offers AMO. GTC Orders- IDBI Direct offers Good Till Cancelled (GTC) orders where Karvy doesn't support Good Till Cancelled (GTC) orders.
Order Type Compare | IDBI Direct | Karvy |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
Compare IDBI Direct 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 Service Compare | IDBI Direct | Karvy |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | 022-3913 5001 | 18004198283/7093706007/18004198283 |
Account Opening Process | Info Not Available | Online/Paperless |
Customer Support Email | [email protected] | [email protected] |
Knowledge Center/Education | Info Not Available | https://www.karvyonline.com/knowledge-center/index |
Head Office Address | Info Not Available | Karvy House, No. 46, 8-2-609/K Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034 Telangana |
Website | https://www.idbidirect.in/ | www.karvyonline.com |
Compare IDBI Direct with Karvy on research reports and tips provided by the broker.
Compare IDBI Direct 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 IDBI Direct is ₹350 pa.
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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 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
Compare IDBI Direct with Karvy on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
IDBI Direct | Karvy | |
---|---|---|
Pay In and Pay Out Options | Info Not Available | 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 | Info Not Available | Upto 24 Hrs except Bank Holidays. |
Bank Supported and Charges | Info Not Available | Around 40+ bank are prefered parter with Karvy Stock Broking. |
Bank Detail | Info Not Available | Info Not Available |
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Special Offers/Promo | ||
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Last Updated on 2023-08-21T03:25:00+00:00