Compare 3 Brokers

Upstox Vs Karvy: Which one is better?

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

  • 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 Upstox vs Karvy on Service

  Upstox Compare
Upstox
Karvy Compare
Karvy
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX NSE,BSE,MCX-SX,MCX,NCDEX
Active Clients 33,10,215
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... Know more about Upstox 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 Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Karvy. Leave your contact info and we will get in touch with you.
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Account Opening Charges and AMC

Compare Upstox vs Karvy on Trading & Demat Account Opening Charges

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 & Demat Account Opening Charges - Compare Upstox with Karvy
Charges Upstox Karvy
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 PA (Waived for 1st year) Rs 500 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Upstox vs Karvy on Plan Options

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.

Compare Upstox with Karvy on Plan Options
Plan Types Upstox Karvy
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Upstox Karvy
Account Opening Request
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Brokerage Charges

Compare Upstox vs Karvy on Brokerage Charges

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 with Karvy
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
Minimum Brokerage NIL NIL
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
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Share Broker's Transaction Charges

Compare Upstox vs Karvy on Transaction Charges

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

Transaction Charges - Compare Upstox with Karvy
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
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Account Features

Compare Upstox vs Karvy on Account Features

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 - Upstox with Karvy
Account Features Compare Upstox Karvy
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account. No Upstox 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 No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare Upstox vs Karvy on Trading Platform

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 with Karvy
Trading Platform Compare Upstox Karvy
Desktop Trading Platform DartStock/Nest Trader/Fox Trader 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 https://pro.upstox.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 Upstox KarvyOnline
Mobile Trading App Demo Upstox Demo KarvyOnline Demo
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod KarvyOnline Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Upstox 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 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
Zerodha Online Branch Offices
Upstox Online Branch Offices
5paisa Online Branch Offices
Angel Broking Online Branch Offices

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Broker Ratings by Users

Compare Upstox vs Karvy on User Rating

  Upstox Karvy
  12 Customer Reviews    Rate Upstox 3 Customer Reviews    Rate Karvy
Fees Ratings 3.5 2.7
Trading Brokerage Rating 3.8 2.3
Trading Platform Usability 3.7 2.3
Customer Service Ratings 3.5 3.7
Overall Ratings Rated 3.7 stars Rated 2.7 stars
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Upstox vs Karvy on Investment Offerings

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 with Karvy
Investment Offerings Compare Upstox Karvy
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No Yes
Other Investment Options NIL Insurance
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Order Types

Compare Upstox vs Karvy on Order Types

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 Types - Compare Upstox with Karvy
Order Type Compare Upstox 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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Margin/Leverage

Compare Upstox vs Karvy on Margin/Leverage

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.

Exposure/margin - Compare Upstox with Karvy
Margin Product Compare Upstox Karvy
Equity Delivery Margin Upstox vs Karvy - Equity Delivery Margin No Margin/Leverage for Equity Delivery. Up to 4x leverage for equity delivery.
Equity Intraday Margin Upstox vs Karvy - 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 Upstox vs Karvy - 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 Upstox vs Karvy - 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 Upstox vs Karvy - 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 Upstox vs Karvy - 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 Upstox vs Karvy - 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 Upstox vs Karvy - 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.
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Customer Service Offered

Compare Upstox vs Karvy on Customer Service

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 Support - Compare Upstox with Karvy
Customer Service Compare Upstox Karvy
24/7 Customer Service Upstox vs Karvy - 24x7 customer support No No
Email Support Upstox vs Karvy - Email Support Yes Yes
Onine Live Chat Upstox vs Karvy - Onine Live Chat Yes No
Phone Support Upstox vs Karvy - Phone Support Yes Yes
Toll Free Number Upstox vs Karvy - Toll Free Number No Yes
Through Branches Upstox vs Karvy - Through Branches Yes Yes
Customer Care Number Upstox vs Karvy - Customer Care Number +91 22 6130 9999 18004198283/7093706007/18004198283
Account Opening Process Upstox vs Karvy - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Upstox vs Karvy - Customer Support Email [email protected]  [email protected]
Knowledge Center/Education Upstox vs Karvy - Knowledge Center/Education https://upstox.com/help-center/ https://www.karvyonline.com/knowledge-center/index
Head Office Address Upstox vs Karvy - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad - 500 034
Telangana
Website Upstox vs Karvy - Company Website https://upstox.com/ www.karvyonline.com
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Tips/Research/Reports Published

Compare Upstox vs Karvy on Research Reports, Tips

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

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

Compare Upstox vs Karvy on Demat Account

Compare Upstox with Karvy on Demat Service and Charges. This section covers about demat charges, demat service and other details

Demat Charges - Compare Upstox with Karvy
  Upstox Karvy
DP Source CDSL CDSL
DP ID Upstox vs Karvy - DP ID 81800 33200
Demat Account Annual Maintenance Charges(AMC) ₹150 pa ₹365 pa
Advance Deposit NIL NIL
Statutory charges Nil Nil
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
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Upstox vs Karvy on Special Offers and Promotion

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

Compare Upstox vs Karvy on Special Offers and Promotion
  Upstox Karvy
Pay In and Pay Out Options Upstox vs Karvy - 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 Upstox vs Karvy - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Upstox vs Karvy - 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
Likes

Detail Review...

Customer centric, leading-edge technology, top-notch research team, professional management and a wide network of offices across India.

Detail Review...

Dislikes
  • Call & trade services are not free, charged at Rs. 20 per call.
  • Stock market trading tips and recommendations are not available.
  • Upstox doesn’t offer NRI trading services.
  • 24*7 customer service is unavailable.

Detail Review...

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

Detail Review...

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


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