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Alice Blue 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 Alice Blue Max Rs 15 per trade while the brokerage of Karvy ranges between 0.03 to 0.3%. Alice Blue 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 Alice Blue is 1,63,460 where number of active customer for Karvy is . Alice Blue is serving more customer compare to Karvy.

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

	Alice Blue	Karvy
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Discount Broker	Full Service Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX
Active Clients	1,63,460
Broker Overview	Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders.	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

Account Opening Charges and AMC

Compare Alice Blue vs Karvy on Trading & Demat Account Opening Charges

Comparison of Alice Blue with Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Alice Blue charges Rs 400 PA AMC for Demat account where Karvy charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Alice Blue with Karvy

Charges	Alice Blue	Karvy
Trading Account Opening Fees	Free	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 400 PA	Rs 500 PA
Provide DP Service

About Brokerage Plans

Compare Alice Blue vs Karvy on Plan Options

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

Compare Alice Blue with Karvy on Plan Options

Plan Types	Alice Blue	Karvy
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Alice Blue vs Karvy on Brokerage Charges

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 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.

Share Broker's Transaction Charges

Compare Alice Blue vs Karvy on Transaction Charges

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

Account Features

Compare Alice Blue vs Karvy on Account Features

Compare Alice Blue 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 - Alice Blue offers NRI where Karvy doesn't offers NRI Trading.

Account Features - Alice Blue with Karvy

Account Features Compare	Alice Blue	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	3:15 PM	3:15 PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare Alice Blue vs Karvy on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Alice Blue 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 Alice Blue with Karvy

Trading Platform Compare	Alice Blue	Karvy
Desktop Trading Platform	ANT - Analyse and Trade	Karvy NESTTrader
Desktop Demo	Info Not Available	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail		https://trade.karvyonline.com/KARVY/Login/indexauth.jsp
Web Trading Demo	Info Not Available	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	ANT Mobile	KarvyOnline
Mobile Trading App Demo	ANT Mobile Demo	KarvyOnline Demo
Android Mobile App
Android App Download	Andriod ANT Mobile Download	Andriod KarvyOnline Download
iPhone Mobile App (IOS)
iOS App Download	iOS ANT Mobile 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 Alice Blue	Equity Intraday and Delivery Brokerage Calculator for Karvy
Futures Brokerage Calculator	Futures Brokerage Calculator for Alice Blue	Futures Brokerage Calculator for Karvy
Options Brokerage Calculator	Options Brokerage Calculator for Alice Blue	Options Brokerage Calculator for Karvy
Detail	Detail on Trading Platforms for alice-blue	Detail on Trading Platforms for karvy

Broker Ratings by Users

Compare Alice Blue vs Karvy on User Rating

	Alice Blue	Karvy
	8 Customer Reviews	3 Customer Reviews
Fees Ratings	2.6	2.7
Trading Brokerage Rating	3.4	2.3
Trading Platform Usability	2.4	2.3
Customer Service Ratings	2.6	3.7
Overall Ratings	2.1	2.7
Broker Rating	Alice Blue is Rated 2.1 / 5 based on 8 customer reviews	Karvy is Rated 2.7 / 5 based on 3 customer reviews

Investment Offerings

Compare Alice Blue vs Karvy on Investment Offerings

Compare Alice Blue 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 Alice Blue doesn't offer

Investment Offerings - Compare Alice Blue with Karvy

Investment Offerings Compare	Alice Blue	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 Types

Compare Alice Blue vs Karvy on Order Types

Order Type - Compare Alice Blue 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)- Alice Blue 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 Alice Blue with Karvy

Order Type Compare	Alice Blue	Karvy
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare Alice Blue vs Karvy on Customer Service

Compare Alice Blue 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 Alice Blue with Karvy

Customer Service Compare	Alice Blue	Karvy
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	08035215000/080-45490850	18004198283/7093706007/18004198283
Account Opening Process	Online/Paperless	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://tradeschool.aliceblueonline.com/	https://www.karvyonline.com/knowledge-center/index
Head Office Address	Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063	Karvy House, No. 46, 8-2-609/K Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034 Telangana
Website	https://www.aliceblueonline.com	www.karvyonline.com

Tips/Research/Reports Published

Compare Alice Blue vs Karvy on Research Reports, Tips

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

Research Reports - Compare Alice Blue with Karvy

	Alice Blue	Karvy
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Alice Blue vs Karvy on Demat Account

Compare Alice Blue 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 Alice Blue is ₹400 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 Alice Blue is 0.04% of the value of the 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 Alice Blue with Karvy

	Alice Blue	Karvy
DP Source	CDSL	CDSL
DP ID	83500	33200
Demat Account Annual Maintenance Charges(AMC)	₹400 pa	₹365 pa
Advance Deposit	Rs 0	NIL
Statutory charges	Rs 150 Stamp Charges	Nil
Transaction Charges on Debit (Per ISIN)	0.04% of the value of the transaction	₹15 per transaction
Demat	₹10 per certificate + ₹50 courier charges	₹5 per certificate + ₹40 courier charges
Remat	₹30 per certificate + CDSL charges	₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation	₹20 + CDSL charges	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	₹20 + CDSL charges	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	₹20 + CDSL charges	0.03% of transaction value (Min ₹100 and Max ₹5k)
Failed Instruction Charges	Nil	₹100
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare Alice Blue vs Karvy on Special Offers and Promotion

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

Compare Alice Blue vs Karvy on Special Offers and Promotion

	Alice Blue	Karvy
Pay In and Pay Out Options	Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application. 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	Upto 24 Hrs except Bank Holidays.	Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges	Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms.	Around 40+ bank are prefered parter with Karvy Stock Broking.
Bank Detail	Aliceblue Financial Services, Account Number:ABFNSEXXXXXXXX Bank and Branch: HDFC Bank,Sathy Road,Erode Account Type: Current Account IFSC Code: HDFC0000232	Info Not Available
Likes	Trade on NSE, BSE, and MCX No brokerage on equity, IPO, and mutual funds Zero account opening charges Pay Rs 15/order brokerage Free Inuvest Advisory services and trading insights across segments TradingView charts, lots of technical indicators, stock and F&O screeners. Stock SIP in equity Great technology platforms for trading and investment Free access to ANT API Strong PAN India Presence Dedicated mutual fund investment app TradeSchool (Web and app) a free stock market education platform Place bracket order, cover order, and basket order. Margin Trading facility (MTF) Detail Review...	Detail Review...
Dislikes	No NRI Trading No zero brokerage unlimited trading plan No installable trading terminal Alice blue mutual fund app (Rise) is not available on App store. No GTT Order Sometimes, its platform experienced technical glitches. Detail Review...	3-in-1 account opening facility is not available with Karvy. Detail Review...
Special Offers/Promo
Enquiry	Open Alice Blue Account Now>>	Open Zerodha Account Now>>