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Monarch Networth 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 Monarch Networth ranges between 0.03% to 0.30% while the brokerage of Karvy ranges between 0.03 to 0.3%. Both the brokers are Full Service brokers. Monarch Networth is having overall lower rating compare to Karvy. Monarch Networth is rated only 3 out of 5 where Karvy is rated 4 out of 5. Number of active customer for Monarch Networth is 58,113 where number of active customer for Karvy is . Monarch Networth is serving more customer compare to Karvy.

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

  Monarch Networth Compare
Monarch Networth
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 58,113
Broker Overview Free Demat Account opening, flexible brokerage plans, an array of online trading platforms, and free equity, commodity, & currency research make Monarch Networth a recommended broker in the list. 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 Monarch Networth vs Karvy on Trading & Demat Account Opening Charges

Comparison of Monarch Networth with Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Monarch Networth charges Rs 225 PA AMC for Demat account where Karvy charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Monarch Networth with Karvy
Charges Monarch Networth Karvy
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 225 PA Rs 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Monarch Networth vs Karvy on Plan Options

Plans are the most important feature you look when compare Monarch Networth 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.

Compare Monarch Networth with Karvy on Plan Options
Plan Types Monarch Networth Karvy
Multiple Plans No 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 Monarch Networth vs Karvy on Brokerage Charges

Monarch Networth Brokerage Plan detail - This is a standard plan by Networth Direct. This is a % based brokerage plan that charges a fixed fee of 0.03% to 0.30%.

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 Monarch Networth with Karvy
Brokerage Charges Compare Monarch Networth Karvy
Plan Name Basic Trading Plan (Percentage Based) Basic Trading Plan (Percentage Based)
Equity Delivery 0.30% 0.3% or 30 paisa
Equity Intraday 0.03% 0.03% or 3 paisa
Equity Futures 0.03% 0.03% or 3 paisa
Equity Options Rs 100 per lot Rs 50 Per Lot
Currency Futures 0.03% 0.03% or 3 paisa
Currency Options Rs 100 per lot Rs 50 Per Lot
Commodity Trading Rs 100 per lot 0.03% or 3 paisa
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges NA 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 Monarch Networth Brokerage Calculator for Karvy
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Share Broker's Transaction Charges

Compare Monarch Networth vs Karvy on Transaction Charges

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

Transaction Charges - Compare Monarch Networth with Karvy
Transaction Charges Compare Monarch Networth 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 monarch-networth-capital Complete Brokerage Plans for karvy
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Account Features

Compare Monarch Networth vs Karvy on Account Features

Compare Monarch Networth 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 - Monarch Networth offers a margin funding where Karvy doesn't offers margin funding. NRI Trading - Monarch Networth offers NRI where Karvy doesn't offers NRI Trading.

Account Features - Monarch Networth with Karvy
Account Features Compare Monarch Networth Karvy
3 in 1 Account No Monarch Networth have 2-in-1 account. Only Demate and Trading account. No Monarch Networth have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes 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 Trading software terminal: Fast trade NIL
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Trading Platform

Compare Monarch Networth vs Karvy on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth 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 Monarch Networth with Karvy
Trading Platform Compare Monarch Networth Karvy
Desktop Trading Platform FastTrade Karvy NESTTrader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.mnclgroup.com https://trade.karvyonline.com/KARVY/Login/indexauth.jsp
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader KarvyOnline
Mobile Trading App Demo Info Not Available KarvyOnline Demo
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod KarvyOnline Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS MNCL Mobile Trader Download iOS KarvyOnline Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Info Not Available Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Monarch Networth Equity Intraday and Delivery Brokerage Calculator for Karvy
Futures Brokerage Calculator Futures Brokerage Calculator for Monarch Networth Futures Brokerage Calculator for Karvy
Options Brokerage Calculator Options Brokerage Calculator for Monarch Networth Options Brokerage Calculator for Karvy
Detail Detail on Trading Platforms for monarch-networth-capital Detail on Trading Platforms for karvy

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Broker Ratings by Users

Compare Monarch Networth vs Karvy on User Rating

  Monarch Networth Karvy
  12 Customer Reviews    Rate Monarch Networth 3 Customer Reviews    Rate Karvy
Fees Ratings 2.8 2.7
Trading Brokerage Rating 3.0 2.3
Trading Platform Usability 3.3 2.3
Customer Service Ratings 3.2 3.7
Overall Ratings 3.3 2.7
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Monarch Networth vs Karvy on Investment Offerings

Compare Monarch Networth 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 Monarch Networth doesn't offer

Investment Offerings - Compare Monarch Networth with Karvy
Investment Offerings Compare Monarch Networth 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 No Yes
Other Investment Options Health Plan, General Insurance Insurance
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Order Types

Compare Monarch Networth vs Karvy on Order Types

Order Type - Compare Monarch Networth 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) - Karvy provides Cover Orders (CO) where Monarch Networth doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a 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 Monarch Networth 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)- Monarch Networth 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 Monarch Networth with Karvy
Order Type Compare Monarch Networth Karvy
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No Yes
AMO-After Market Orders Yes No
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Monarch Networth vs Karvy on Customer Service

Compare Monarch Networth 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 Monarch Networth with Karvy
Customer Service Compare Monarch Networth Karvy
24/7 Customer Service Monarch Networth vs Karvy - 24x7 customer support No No
Email Support Monarch Networth vs Karvy - Email Support Yes Yes
Onine Live Chat Monarch Networth vs Karvy - Onine Live Chat No No
Phone Support Monarch Networth vs Karvy - Phone Support Yes Yes
Toll Free Number Monarch Networth vs Karvy - Toll Free Number No Yes
Through Branches Monarch Networth vs Karvy - Through Branches Yes Yes
Customer Care Number Monarch Networth vs Karvy - Customer Care Number 022-43211800 /079-26666500 18004198283/7093706007/18004198283
Account Opening Process Monarch Networth vs Karvy - Account Opening Process Info Not Available Online/Paperless
Customer Support Email Monarch Networth vs Karvy - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Monarch Networth vs Karvy - Knowledge Center/Education Info Not Available https://www.karvyonline.com/knowledge-center/index
Head Office Address Monarch Networth vs Karvy - Head Office Address/Corporate Address Info Not Available Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Website Monarch Networth vs Karvy - Company Website https://www.mnclgroup.com/ www.karvyonline.com
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Tips/Research/Reports Published

Compare Monarch Networth vs Karvy on Research Reports, Tips

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

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

Compare Monarch Networth vs Karvy on Demat Account

Compare Monarch Networth 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 Monarch Networth 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 Monarch Networth is ₹25 or 0.025% (Whichever is higher) 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 Monarch Networth with Karvy
  Monarch Networth Karvy
DP Source CDSL CDSL
DP ID Monarch Networth vs Karvy - DP ID No 33200
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹365 pa
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹25 or 0.025% (Whichever is higher) ₹15 per transaction
Demat ₹5 per certificate (Min ₹40) + ₹45 courier charges ₹5 per certificate + ₹40 courier charges
Remat ₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation ₹50 per transaction 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 ₹25 per transaction 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 ₹25 per transaction 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 Monarch Networth vs Karvy on Special Offers and Promotion

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

Compare Monarch Networth vs Karvy on Special Offers and Promotion
  Monarch Networth Karvy
Pay In and Pay Out Options Monarch Networth vs 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 Monarch Networth vs Karvy - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Monarch Networth vs Karvy - 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
Likes
  • All-in-one broker for your trading and investing requirements.
  • Zero Demat account opening fees.
  • Multiple pricing plans for customers.
  • Trade on the mobile trader app and web platform.
  • Global investing platform to invest in the US stocks.
  • Free Research offerings; equity research, commodity & currency, stock ideas, etc.
  • Robust PAN-India presence.

Detail Review...

Detail Review...

Dislikes
  • Primitive user interface of MNCL Mobile app that makes it difficult to use for beginners.
  • Does not offer NRI trading.
  • Does not provide a 3-in-1 trading account.
  • No Good till triggered (GTT) order facility.

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 2023-08-27T23:54:07+00:00