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ICICIDirect 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 ICICIDirect ranges between Rs. 20 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 ICICIDirect is 18,69,925 where number of active customer for Karvy is . ICICIDirect is serving more customer compare to Karvy.

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

  ICICIDirect Compare
ICICIDirect
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? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 18,69,925
Broker Overview ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec... Know more about ICICIDirect 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 ICICIDirect vs Karvy on Trading & Demat Account Opening Charges

Comparison of ICICIDirect with Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - ICICIDirect charges Rs 300 per annum AMC for Demat account where Karvy charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare ICICIDirect with Karvy
Charges ICICIDirect Karvy
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 per annum Rs 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare ICICIDirect vs Karvy on Plan Options

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

Compare ICICIDirect with Karvy on Plan Options
Plan Types ICICIDirect Karvy
Multiple Plans Yes 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 ICICIDirect vs Karvy on Brokerage Charges

ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.

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 ICICIDirect with Karvy
Brokerage Charges Compare ICICIDirect Karvy
Plan Name NEO Flat Discount Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery 0.55% 0.3% or 30 paisa
Equity Intraday Flat Rs. 20 per order 0.03% or 3 paisa
Equity Futures Free (Rs. 0 brokerage) 0.03% or 3 paisa
Equity Options Flat Rs. 20 per order Rs 50 Per Lot
Currency Futures Flat Rs. 20 per order 0.03% or 3 paisa
Currency Options Flat Rs. 20 per order Rs 50 Per Lot
Commodity Trading Flat Rs. 20 per order 0.03% or 3 paisa
Minimum Brokerage Rs 35 per trade NIL
Hidden Charges Yes Info Not Available
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges First 20 call free and Rs 25 there onwards. Call 18004198283 number for Call and Trade, SMS Order faclity also available
Auto Square off Charges First 20 call free and Rs 25 there onwards. Call 18004198283 number for Call and Trade, SMS Order faclity also available
Brokerage Calculator Brokerage Calculator for ICICIDirect Brokerage Calculator for Karvy
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Share Broker's Transaction Charges

Compare ICICIDirect vs Karvy on Transaction Charges

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

Transaction Charges - Compare ICICIDirect with Karvy
Transaction Charges Compare ICICIDirect 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 icicidirect Complete Brokerage Plans for karvy
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Account Features

Compare ICICIDirect vs Karvy on Account Features

Compare ICICIDirect with Karvy on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect 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 ICICIDirect doesn't offers Algo Trading. Margin Funding - ICICIDirect offers a margin funding where Karvy doesn't offers margin funding. NRI Trading - ICICIDirect offers NRI where Karvy doesn't offers NRI Trading.

Account Features - ICICIDirect with Karvy
Account Features Compare ICICIDirect Karvy
3 in 1 Account Yes, ICICIDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No ICICIDirect 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 No 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 ICICIDirect vs Karvy on Trading Platform

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

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Broker Ratings by Users

Compare ICICIDirect vs Karvy on User Rating

  ICICIDirect Karvy
  267 Customer Reviews    Rate ICICIDirect 3 Customer Reviews    Rate Karvy
Fees Ratings 2.4 2.7
Trading Brokerage Rating 1.8 2.3
Trading Platform Usability 3.3 2.3
Customer Service Ratings 2.9 3.7
Overall Ratings 2.5 2.7
Broker Rating ICICIDirect is Rated 2.5 / 5 based on 267 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare ICICIDirect vs Karvy on Investment Offerings

Compare ICICIDirect 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 ICICIDirect doesn't offer. 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 ICICIDirect with Karvy
Investment Offerings Compare ICICIDirect Karvy
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service Yes Yes
Other Investment Options NIL Insurance
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Order Types

Compare ICICIDirect vs Karvy on Order Types

Order Type - Compare ICICIDirect 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) - Karvy provides Bracket Orders (BO) where ICICIDirect doesn't offer.With the name its cleare 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 higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- ICICIDirect offers After Market Orders where Karvy doesn't offers AMO. GTC Orders- ICICIDirect offers Good Till Cancelled (GTC) orders where Karvy doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare ICICIDirect with Karvy
Order Type Compare ICICIDirect Karvy
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No Yes
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare ICICIDirect vs Karvy on Customer Service

Compare ICICIDirect 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 ICICIDirect with Karvy
Customer Service Compare ICICIDirect Karvy
24/7 Customer Service ICICIDirect vs Karvy - 24x7 customer support No No
Email Support ICICIDirect vs Karvy - Email Support Yes Yes
Onine Live Chat ICICIDirect vs Karvy - Onine Live Chat No No
Phone Support ICICIDirect vs Karvy - Phone Support Yes Yes
Toll Free Number ICICIDirect vs Karvy - Toll Free Number No Yes
Through Branches ICICIDirect vs Karvy - Through Branches Yes Yes
Customer Care Number ICICIDirect vs Karvy - Customer Care Number 1860 123 1122 18004198283/7093706007/18004198283
Account Opening Process ICICIDirect vs Karvy - Account Opening Process Online Online/Paperless
Customer Support Email ICICIDirect vs Karvy - Customer Support Email [email protected] [email protected]
Knowledge Center/Education ICICIDirect vs Karvy - Knowledge Center/Education https://www.icicidirect.com/knowledge-center https://www.karvyonline.com/knowledge-center/index
Head Office Address ICICIDirect vs Karvy - Head Office Address/Corporate Address ICICI Centre,
H.T. Parekh Marg,
Churchgate,
Mumbai - 400020
Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Website ICICIDirect vs Karvy - Company Website https://www.icicidirect.com www.karvyonline.com
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Tips/Research/Reports Published

Compare ICICIDirect vs Karvy on Research Reports, Tips

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

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

Compare ICICIDirect vs Karvy on Demat Account

Compare ICICIDirect 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 ICICIDirect is ₹700 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 ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹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 ICICIDirect with Karvy
  ICICIDirect Karvy
DP Source CDSL CDSL
DP ID ICICIDirect vs Karvy - DP ID 14300 33200
Demat Account Annual Maintenance Charges(AMC) ₹700 pa ₹365 pa
Advance Deposit Rs. 7500/- , If the client is not having ICICI BANK Account NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) ₹15 per transaction
Demat ₹50 per set up ₹5 per certificate + ₹40 courier charges
Remat ₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.02% (Min ₹35 and Max ₹25,000) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Creation Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure 0.02% (Min ₹35 and Max ₹25,000) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure Confirmation 0.02% (Min ₹35 and Max ₹25,000) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Invocation 0.02% (Min ₹35 and Max ₹25,000) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Failed Instruction Charges ₹30 per transaction ₹100
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare ICICIDirect vs Karvy on Special Offers and Promotion

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

Compare ICICIDirect vs Karvy on Special Offers and Promotion
  ICICIDirect Karvy
Pay In and Pay Out Options ICICIDirect vs Karvy - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from ICICI Bank.
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 ICICIDirect vs Karvy - Payout Time Instant to ICICI Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges ICICIDirect vs Karvy - Bank Supported and Charges Info Not Available Around 40+ bank are prefered parter with Karvy Stock Broking.
Bank Detail Direct from your ICICI bank account. Info Not Available
Likes
  • 100% digital and paperless 3-in-1 account opening facility.
  • Trade on the BSE, NSE, MCX, and invest in other products.
  • Multiple brokerage plans for residents and NRI trading.
  • All kinds of trading platforms across web, app, and desktop versions.
  • Invest in mutual funds for free with ICICIdirect Money App.
  • Expert research calls and recommendations.
  • Sell stocks and get cash instantly with the e-ATM facility.
  • Advanced orders like bracket order, cover order, after market order, and basket order.
  • Place Valid Till Cancelled (VTC) order, valid for 45 days.
  • Informative articles, blogs, videos, learn hub, and Investonomics learning platform for beginners.
  • Margin funding
  • Loans on securities.
  • Dedicated customer services.

Detail Review...

Detail Review...

Dislikes
  • High brokerage charges.
  • The broker levies a minimum brokerage fee, which varies across brokerage plans.
  • NEO flat discount brokerage plan (Rs. 20) charges a one-time subscription fee of Rs. 299.
  • Mutual fund investment with ICICIDirect is not free, as it charges a lower of Rs. 30 or 1.5% on SIP transaction and Rs. 100 fees on lumpsum investment.

Detail Review...

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

Detail Review...

Special Offers/Promo Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T04:34:26+00:00