The brokerage of Upstox Max Rs 20 per trade while the brokerage of Karvy ranges between 0.03 to 0.3%. Upstox is a Discount Broker where Karvy is a Full Service Broker. Upstox is having overall higher rating compare to Karvy. Upstox is rated 4.5 out of 5 where Karvy is rated only 4 out of 5.
Here we present side-by-side comparison of Upstox 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 Upstox 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 Upstox 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 Upstox vs Karvy's on
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.
|Broker Type||Discount Broker||Full Service Broker|
|Exchanges Supported||BSE, NSE, MCX||NSE,BSE,MCX-SX,MCX,NCDEX|
|Broker Overview||Upstox is the best broker in India offering delivery, intraday, F&O, commodity, and currency trading at Max Rs. 20/per order brokerage through Pro web and Pro mobile app. Note: Equity delivery trading charges are applicable to new customers only...||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.|
Comparison of Upstox with Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Upstox charges Rs 300 PA (Waived for 1st year) AMC for Demat account where Karvy charges Rs 500 PA AMC for Demat account.
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 300 PA (Waived for 1st year)||Rs 500 PA|
|Provide DP Service|
Plans are the most important feature you look when compare Upstox 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.
|Account Opening Request|
Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others
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||Upstox||Karvy|
|Plan Name||Max Rs 20 Per Order Trading Plan||Basic Trading Plan (Percentage Based)|
|Equity Delivery||2.5% or Rs 20 whichever is lower||0.3% or 30 paisa|
|Equity Intraday||0.05% or Rs 20 whichever is lower||0.03% or 3 paisa|
|Equity Futures||Flat Fee Rs 20||0.03% or 3 paisa|
|Equity Options||Flat Fee Rs 20||Rs 50 Per Lot|
|Currency Futures||Flat Fee Rs 20||0.03% or 3 paisa|
|Currency Options||Flat Fee Rs 20||Rs 50 Per Lot|
|Commodity Trading||Flat Fee Rs 20||0.03% or 3 paisa|
|Hidden Charges||Info Not Available||Info Not Available|
|Funding||Info Not Available||Yes - 18% interest PA|
|Call & Trade Charges||Rs 20 Per Executable Order||Call 18004198283 number for Call and Trade, SMS Order faclity also available|
|Brokerage Calculator||Brokerage Calculator for Upstox||Brokerage Calculator for Karvy|
|SPAN Margin Calculator||SPAN Margin Calculator for Upstox||SPAN Margin Calculator for Karvy|
Compare Upstox with Karvy on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Upstox||Karvy|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 210 Per Cr||Rs 190 Per Cr|
|Equity Options||Rs 5500 Per Cr||Rs 5000 Per Cr|
|Currency Futures||Rs 150 Per Cr||Rs 110 Per Cr|
|Currency Options||Rs 6000 Per Cr||Rs 4000 Per Cr|
|Commodity||Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr||Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for upstox||Complete Brokerage Plans for karvy|
Compare Upstox with Karvy on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Karvy offers only 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 - both doesn't offer NRI Trading facility.
|Account Features Compare||Upstox||Karvy|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15 PM|
With our expert research team, we have compared all the major features of Trading platform b/w Upstox 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||Upstox||Karvy|
|Desktop Trading Platform||DartStock/Nest Trader/Fox Trader||Karvy NESTTrader|
|Desktop Demo||Desktop Demo||Desktop Demo|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://pro.upstox.com/||https://trade.karvyonline.com/KARVY/Login/indexauth.jsp|
|Web Trading Demo||Web Trading Demo||Web Trading Demo|
|Mobile Trading App||Upstox||KarvyOnline|
|Mobile Trading App Demo||Upstox Demo||KarvyOnline Demo|
|Android Mobile App|
|Android App Download||Andriod Upstox Download||Andriod KarvyOnline Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Upstox 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 Upstox||Equity Intraday and Delivery Brokerage Calculator for Karvy|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Upstox||Futures Brokerage Calculator for Karvy|
|Options Brokerage Calculator||Options Brokerage Calculator for Upstox||Options Brokerage Calculator for Karvy|
|Detail||Detail on Trading Platforms for upstox||Detail on Trading Platforms for karvy|
|12 Customer Reviews||3 Customer Reviews|
|Trading Brokerage Rating|
|Trading Platform Usability|
|Customer Service Ratings|
|Broker Rating||Upstox is Rated 3.7 / 5 based on 12 customer reviews||Karvy is Rated 2.7 / 5 based on 3 customer reviews|
Compare Upstox 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 Upstox doesn't offer
|Investment Offerings Compare||Upstox||Karvy|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||Insurance|
Order Type - Compare Upstox 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)- Upstox offers After Market Orders where Karvy doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||Upstox||Karvy|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare Upstox with Karvy on Exposure/Margin offered by the broker. We have compared Margin/Exposure in Equity Delivery, Intraday Products, Futures, Options, Equity Cover Orders, Futures & Options Cover Orders and Commodity Trading.
|Margin Product Compare||Upstox||Karvy|
|Equity Delivery Margin||No Margin/Leverage for Equity Delivery.||Up to 4x leverage for equity delivery.|
|Equity Intraday Margin||Up to 15x exposure with Basic Plan and 20x exposure with Priority plan||Up to 10x or 10% subject to Var and ELM.|
|Futures Margin||Up to 3x leverage for Index and Stocks in Basic Plan, Upto 6x leverage for Index in Priority Plan.||1x means actual SPAN + Exposure.|
|Options Margin||Upto 3x margin for Options shorting with Basic Plan, Upto 6x for Index Options sell with Priority Plan.No leverage for option buying.||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
|Equity CO Margin||Up to 20x exposure with Basic Plan and 27x exposure with Priority plan||Up to 10x or 10% subject to Var and ELM, no additioanl margin for Cover Order.|
|Futures CO Margin||Up to 20x leverage for Index, 5x leverage for Stocks in Basic Plan, Upto 28x leverage for Index and 6x for stocks in Priority Plan.||1x means actual SPAN + Exposure margin, No additional Margin for Futures Cover Order.|
|Options CO Margin||Up to 1.33x for option buying with Basic plan and 2x with Priority plan.||1x means actual SPAN + Exposure margin(Sell) or Premium Margin(Buy), No additional Margin for Options Cover Order.|
|Commodity Margin||Up to 2.5x leverage for MCX futures in Basic Plan, Upto 3x leverage for Priority Plan. Up to 3x/4x with Basic/Priority plan with CO.||1x means actual SPAN + Exposure in Sell and Premium Margin in Buy.|
Compare Upstox 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 Service Compare||Upstox||Karvy|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||+91 22 6130 9999||18004198283/7093706007/18004198283|
|Account Opening Process||Online/Paperless||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Upstox Corporate Office
Senapati Bapat Marg,
Mumbai - 400 013
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Hyderabad - 500 034
Compare Upstox with Karvy on research reports and tips provided by the broker.
|Research Mutual Funds|
|Research Equity Reports|
|Daily Market Report|
|Quarterly Result Analysis|
Compare Upstox with Karvy on Demat Service and Charges. This section covers about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||₹150 pa||₹365 pa|
|Transaction Charges on Debit (Per ISIN)||₹13 + ₹5.50 CDSL charges||₹15 per transaction|
|Demat||₹20 + ₹50 courier charges||₹5 per certificate + ₹40 courier charges|
|Remat||₹100 for every hundred securities or ₹25 per certificate (whichever is higher)||₹20 for every hundred securities or ₹20 per certificate (whichever is higher)|
|Pledge Creation||0.02% of the transaction value (Min ₹50) + CDSL charges||0.03% of transaction value (Min ₹100 and Max ₹5k)|
|Pledge Creation Confirmation||0.02% of the transaction value (Min ₹50) + CDSL charges||0.03% of transaction value (Min ₹100 and Max ₹5k)|
|Pledge Closure||0.02% of the transaction value (Min ₹50) + CDSL charges||0.03% of transaction value (Min ₹100 and Max ₹5k)|
|Pledge Closure Confirmation||0.02% of the transaction value (Min ₹50) + CDSL charges||0.03% of transaction value (Min ₹100 and Max ₹5k)|
|Pledge Invocation||0.05% of the transaction value (Min ₹50)||0.03% of transaction value (Min ₹100 and Max ₹5k)|
|Failed Instruction Charges||₹50||₹100|
Compare Upstox with Karvy on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-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||Max 24 hrs except bank holidays||Upto 24 Hrs except Bank Holidays.|
|Bank Supported and Charges||Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.||Around 40+ bank are prefered parter with Karvy Stock Broking.|
|Bank Detail||HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
|Info Not Available|
Customer centric, leading-edge technology, top-notch research team, professional management and a wide network of offices across India.
|Special Offers/Promo||100% refundable account opening fee as brokerage cashback, Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades.|
|Enquiry||Enquire about Upstox||Enquire about Karvy|
Last Updated on 2021-08-24T00:17:03+00:00