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Reliance Securities Vs Karvy: Which one is better?

Both the brokers are registered with SEBI. Reliance Securities offers investmenet in Equity, F&O and Currency only, where Karvy offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Reliance Securities ranges between 0.05 - 0.50% while the brokerage of Karvy ranges between 0.03 to 0.3%. Both the brokers are Full Service brokers. Reliance Securities is having overall lower rating compare to Karvy. Reliance Securities is rated only 3.5 out of 5 where Karvy is rated 4 out of 5. Number of active customer for Reliance Securities is 74,770 where number of active customer for Karvy is . Reliance Securities is serving more customer compare to Karvy.

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

  Reliance Securities Compare
Reliance Securities
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 BSE, NSE, MCX, NCDEX
Active Clients 74,770
Broker Overview Open a Free Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ... Know more about Reliance Securities 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 Reliance Securities vs Karvy on Trading & Demat Account Opening Charges

Comparison of Reliance Securities with Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Karvy offer Free account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account where Karvy charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Reliance Securities with Karvy
Charges Reliance Securities Karvy
Trading Account Opening Fees Rs 950 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) Rs 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Reliance Securities vs Karvy on Plan Options

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

Compare Reliance Securities with Karvy on Plan Options
Plan Types Reliance Securities 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 Reliance Securities vs Karvy on Brokerage Charges

Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.

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 Reliance Securities with Karvy
Brokerage Charges Compare Reliance Securities Karvy
Plan Name R-FIXED Online Brokerage Plan (Percentage Based) Basic Trading Plan (Percentage Based)
Equity Delivery 0.50% 0.3% or 30 paisa
Equity Intraday 0.05% 0.03% or 3 paisa
Equity Futures 0.05% 0.03% or 3 paisa
Equity Options Rs 100 Per Lot Rs 50 Per Lot
Currency Futures 0.05% 0.03% or 3 paisa
Currency Options Rs 100 Per Lot Rs 50 Per Lot
Commodity Trading Future: 0.05%| Options: Rs 100 per lot 0.03% or 3 paisa
Minimum Brokerage 5 paise per share NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 20 per call (Free First 20 call per month) Call 18004198283 number for Call and Trade, SMS Order faclity also available
Auto Square off Charges Free First 20 call PM and Rs 20 their onwards. Call 18004198283 number for Call and Trade, SMS Order faclity also available
Brokerage Calculator Brokerage Calculator for Reliance Securities Brokerage Calculator for Karvy
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Share Broker's Transaction Charges

Compare Reliance Securities vs Karvy on Transaction Charges

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

Transaction Charges - Compare Reliance Securities with Karvy
Transaction Charges Compare Reliance Securities 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 reliance-securities Complete Brokerage Plans for karvy
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Account Features

Compare Reliance Securities vs Karvy on Account Features

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

Account Features - Reliance Securities with Karvy
Account Features Compare Reliance Securities Karvy
3 in 1 Account No Reliance Securities have 2-in-1 account. Only Demate and Trading account. No Reliance Securities 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 Mobile Application: Rmobile Xpress NIL
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Trading Platform

Compare Reliance Securities vs Karvy on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Reliance Securities 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 Reliance Securities with Karvy
Trading Platform Compare Reliance Securities Karvy
Desktop Trading Platform InstaXpress 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 http://tick.rsec.co.in/ 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 TICK PRO KarvyOnline
Mobile Trading App Demo TICK PRO Demo KarvyOnline Demo
Android Mobile App Yes Yes
Android App Download Andriod TICK PRO Download Andriod KarvyOnline Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS TICK PRO 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 Reliance Securities Equity Intraday and Delivery Brokerage Calculator for Karvy
Futures Brokerage Calculator Futures Brokerage Calculator for Reliance Securities Futures Brokerage Calculator for Karvy
Options Brokerage Calculator Options Brokerage Calculator for Reliance Securities Options Brokerage Calculator for Karvy
Detail Detail on Trading Platforms for reliance-securities Detail on Trading Platforms for karvy

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Broker Ratings by Users

Compare Reliance Securities vs Karvy on User Rating

  Reliance Securities Karvy
  52 Customer Reviews    Rate Reliance Securities 3 Customer Reviews    Rate Karvy
Fees Ratings 3.5 2.7
Trading Brokerage Rating 3.4 2.3
Trading Platform Usability 3.3 2.3
Customer Service Ratings 3.4 3.7
Overall Ratings 3.4 2.7
Broker Rating Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Reliance Securities vs Karvy on Investment Offerings

Compare Reliance Securities 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 Reliance Securities with Karvy
Investment Offerings Compare Reliance Securities 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 Yes Yes
PMS Service Yes Yes
Other Investment Options NIL Insurance
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Order Types

Compare Reliance Securities vs Karvy on Order Types

Order Type - Compare Reliance Securities 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)- Reliance Securities 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 Reliance Securities with Karvy
Order Type Compare Reliance Securities 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 Reliance Securities vs Karvy on Customer Service

Compare Reliance Securities 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 Reliance Securities with Karvy
Customer Service Compare Reliance Securities Karvy
24/7 Customer Service Reliance Securities vs Karvy - 24x7 customer support No No
Email Support Reliance Securities vs Karvy - Email Support Yes Yes
Onine Live Chat Reliance Securities vs Karvy - Onine Live Chat Yes No
Phone Support Reliance Securities vs Karvy - Phone Support Yes Yes
Toll Free Number Reliance Securities vs Karvy - Toll Free Number Yes Yes
Through Branches Reliance Securities vs Karvy - Through Branches Yes Yes
Customer Care Number Reliance Securities vs Karvy - Customer Care Number 022 41596000 | 022 62436000 18004198283/7093706007/18004198283
Account Opening Process Reliance Securities vs Karvy - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Reliance Securities vs Karvy - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Reliance Securities vs Karvy - Knowledge Center/Education https://www.reliancesmartmoney.com/Insights https://www.karvyonline.com/knowledge-center/index
Head Office Address Reliance Securities vs Karvy - Head Office Address/Corporate Address Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Website Reliance Securities vs Karvy - Company Website https://www.reliancesmartmoney.com www.karvyonline.com
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Tips/Research/Reports Published

Compare Reliance Securities vs Karvy on Research Reports, Tips

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

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

Compare Reliance Securities vs Karvy on Demat Account

Compare Reliance Securities 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 Reliance Securities is ₹300 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 Reliance Securities is 0.04% (Min ₹27) + 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 Reliance Securities with Karvy
  Reliance Securities Karvy
DP Source CDSL CDSL
DP ID Reliance Securities vs Karvy - DP ID 41400 33200
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹365 pa
Advance Deposit Nil NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹15 per transaction
Demat ₹5 per certificate + ₹30 request charges ₹5 per certificate + ₹40 courier charges
Remat ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.05% of transaction value (Min ₹30) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure 0.05% of transaction value (Min ₹30) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Invocation 0.05% of transaction value (Min ₹30) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Failed Instruction Charges Nil ₹100
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Reliance Securities vs Karvy on Special Offers and Promotion

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

Compare Reliance Securities vs Karvy on Special Offers and Promotion
  Reliance Securities Karvy
Pay In and Pay Out Options Reliance Securities 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 Reliance Securities vs Karvy - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Reliance Securities vs Karvy - Bank Supported and Charges Info Not Available Around 40+ bank are prefered parter with Karvy Stock Broking.
Bank Detail RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Info Not Available
Likes
  • Multiple exchanges trading on BSE, NSE, and MCX.
  • Buy insurance plans like car insurance, health insurance, general insurance, etc.
  • Multiple brokerage plans.
  • Free state of the art and user-friendly TICK web, app, and desktop platform.
  • Zero Demat Account opening fees.
  • Zero brokerage benefits for the first 30 days.
  • No AMC for the first year.
  • Research reports, model portfolios, and stocks and mutual funds research recommendations.
  • R Model Portfolio and mutual fund basket recommendations.
  • Invest in the portfolio management services.
  • Robo assist technology platform for goal-based investing.
  • NRML, MIS, bracket order (BO), cover order (CO), after market order (AMO).
  • Place Valid Till Cancelled order for maximum validity of 45 days.
  • Free first 20 call & trade every month.
  • An abundance of education resources i.e., classrooms, blogs, webinars & events for beginners.

Detail Review...

Detail Review...

Dislikes
  • No flat brokerage plan is offered by Reliance Securities.
  • High brokerage charges than new-age discount brokers i.e., Zerodha, and Upstox.
  • The full-service broker does not have a toll-free number to provide 24*7 customer support.

Detail Review...

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

Detail Review...

Special Offers/Promo
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Last Updated on 2023-09-13T01:50:30+00:00