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Sharekhan 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 Sharekhan ranges between 0.1 to 0.5% while the brokerage of Karvy ranges between 0.03 to 0.3%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Sharekhan is 6,65,129 where number of active customer for Karvy is . Sharekhan is serving more customer compare to Karvy.

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

  Sharekhan Compare
Sharekhan
Karvy Compare
Karvy
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 6,65,129
Broker Overview Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation... Know more about Sharekhan 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 Sharekhan Request call back from Zerodha
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Account Opening Charges and AMC

Compare Sharekhan vs Karvy on Trading & Demat Account Opening Charges

Comparison of Sharekhan with Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account where Karvy charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with Karvy
Charges Sharekhan Karvy
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Rs 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs Karvy on Plan Options

Plans are the most important feature you look when compare Sharekhan with Karvy. This section compare on high level about type of plans offered by brokers. Multiple Plans - Sharekhan provide Multiple Plans where Karvy doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Sharekhan with Karvy on Plan Options
Plan Types Sharekhan Karvy
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Sharekhan Zerodha
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs Karvy on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

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 Sharekhan with Karvy
Brokerage Charges Compare Sharekhan Karvy
Plan Name Sharkehan Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery 0.30% 0.3% or 30 paisa
Equity Intraday 0.02% 0.03% or 3 paisa
Equity Futures 0.02% 0.03% or 3 paisa
Equity Options Rs 20 per lot Rs 50 Per Lot
Currency Futures 0.02% 0.03% or 3 paisa
Currency Options Rs 5 per lot Rs 50 Per Lot
Commodity Trading Rs 20 per lot 0.03% or 3 paisa
Minimum Brokerage Rs 20 NIL
Hidden Charges No Info Not Available
Funding Yes - 18% 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 Sharekhan Brokerage Calculator for Karvy
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Share Broker's Transaction Charges

Compare Sharekhan vs Karvy on Transaction Charges

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

Transaction Charges - Compare Sharekhan with Karvy
Transaction Charges Compare Sharekhan 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 sharekhan Complete Brokerage Plans for karvy
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Account Features

Compare Sharekhan vs Karvy on Account Features

Compare Sharekhan 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 - Karvy offers Algo Trading where Sharekhan doesn't offers Algo Trading. Margin Funding - Sharekhan offers a margin funding where Karvy doesn't offers margin funding. NRI Trading - Sharekhan offers NRI where Karvy doesn't offers NRI Trading.

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

Compare Sharekhan vs Karvy on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan 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 Sharekhan with Karvy
Trading Platform Compare Sharekhan Karvy
Desktop Trading Platform TradeTiger Karvy NESTTrader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.sharekhan.com/ 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 Sharekhan KarvyOnline
Mobile Trading App Demo Sharekhan Demo KarvyOnline Demo
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod KarvyOnline Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Sharekhan 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 Sharekhan Equity Intraday and Delivery Brokerage Calculator for Karvy
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Karvy
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Karvy
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for karvy

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Broker Ratings by Users

Compare Sharekhan vs Karvy on User Rating

  Sharekhan Karvy
  184 Customer Reviews    Rate Sharekhan 3 Customer Reviews    Rate Karvy
Fees Ratings 3.2 2.7
Trading Brokerage Rating 3.1 2.3
Trading Platform Usability 3.9 2.3
Customer Service Ratings 3.5 3.7
Overall Ratings 3.6 2.7
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Sharekhan vs Karvy on Investment Offerings

Compare Sharekhan 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) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

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

Compare Sharekhan vs Karvy on Order Types

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

Order Types - Compare Sharekhan with Karvy
Order Type Compare Sharekhan 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
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Customer Service Offered

Compare Sharekhan vs Karvy on Customer Service

Compare Sharekhan 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 Sharekhan with Karvy
Customer Service Compare Sharekhan Karvy
24/7 Customer Service Sharekhan vs Karvy - 24x7 customer support No No
Email Support Sharekhan vs Karvy - Email Support Yes Yes
Onine Live Chat Sharekhan vs Karvy - Onine Live Chat Yes No
Phone Support Sharekhan vs Karvy - Phone Support Yes Yes
Toll Free Number Sharekhan vs Karvy - Toll Free Number Yes Yes
Through Branches Sharekhan vs Karvy - Through Branches Yes Yes
Customer Care Number Sharekhan vs Karvy - Customer Care Number 1800227500 18004198283/7093706007/18004198283
Account Opening Process Sharekhan vs Karvy - Account Opening Process Offline Online/Paperless
Customer Support Email Sharekhan vs Karvy - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Sharekhan vs Karvy - Knowledge Center/Education https://www.sharekhan.com/help/hello https://www.karvyonline.com/knowledge-center/index
Head Office Address Sharekhan vs Karvy - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Website Sharekhan vs Karvy - Company Website https://www.sharekhan.com www.karvyonline.com
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Tips/Research/Reports Published

Compare Sharekhan vs Karvy on Research Reports, Tips

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

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

Compare Sharekhan vs Karvy on Demat Account

Compare Sharekhan 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 Sharekhan is ₹500 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 Sharekhan is 0.03% (Min ₹30) + ₹5.50 (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

Demat Charges - Compare Sharekhan with Karvy
  Sharekhan Karvy
DP Source CDSL CDSL
DP ID Sharekhan vs Karvy - DP ID 36000 33200
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹365 pa
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) NIL
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) ₹15 per transaction
Demat ₹5 per certificate (Min 50 per request) ₹5 per certificate + ₹40 courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.03% (Min ₹100) 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 Nil 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 Nil 0.03% of transaction value (Min ₹100 and Max ₹5k)
Failed Instruction Charges Nil ₹100
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Karvy on Special Offers and Promotion

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

Compare Sharekhan vs Karvy on Special Offers and Promotion
  Sharekhan Karvy
Pay In and Pay Out Options Sharekhan vs Karvy - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - 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 Sharekhan vs Karvy - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Sharekhan vs Karvy - Bank Supported and Charges Info Not Available Around 40+ bank are prefered parter with Karvy Stock Broking.
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Info Not Available
Likes
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

Detail Review...

Detail Review...

Dislikes
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.
  • Detail Review...

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

Detail Review...

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

Last Updated on 2024-03-04T07:37:57+00:00