Karvy Group is a well diversified conglomerate dealing with an entire gamunt of financial services along with data processing and managing segments. The Group offers stock broking, depository participant, distribution of financial products (including mutual funds, bonds and fixed deposits), commodities broking, personal finance advisory services, merchant banking & corporate finance, wealth management, NBFC (loans to individuals, micro and small businesses), Data management, Forex & currencies, Registrar & Transfer agents, Data Analytics, Market Research among others.
Karvy Stock Broking Limited (KSBL), a part of Karvy Group offering customized investment solutions to corporate, institutions and individual investors. Karvy Stock Broking provides brokerage services through its online trading website karvyonline.com and 575 offices which includes branches & franchises in over 375 cities across India and overseas at Dubai and New York.
Karvy offers trade execution facilities for equity cash and derivatives segments on BSE and NSE, currency trading, commodities trading facilities on MCX and NCDEX. There is a single login id to trade in equity, currency and F&O, commodity and all. They offers trading through call and trade and SMS service also.
The Broker offers depository services (DP) through NSDL and CDSL and option to invest in mutual funds or NCDs and IPOs. Karvy has its own research teams that provides daily, weekly and monthly technical reports, Fundamental analysis and publishes investment advice and various research reports. Karvy Financial Academy is the one stop solution for getting knowledge about stock market. The broker also provides end to end services to NRI for investing in Indian Share Market.
Karvy offers satisfactory customer service through toll free no, email, online support desk, s and through approaching branch office in your city. One-to-one live chat with Research Experts via Skype and whats app is also an option to get answers for all the queries related to stock market.
Karvy has come up with a special benefit of opening Online Trading cum Demat Account at absolutely free of cost.
KSBL is one of the largest stock broking houses in India offering services in stock broking, depository participant, distribution of financial products, advisory and private client group. The Broker is well known for its leading edge advice and high quality research.
no clear view of brokerage charges, not a 3 in 1 account; minimum brokerage charges
Here we are comparing Karvy with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
»» Trading Account Opening Charges: Free
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 500 PA
Karvy offers the clients the choice of flexible brokerage plans which are either pay as you go or premium subscription plan. They have various options or plans available to choose from depending upon the needs of the customer. To know this plans, you need to contact the relationship manager in your city. There is no view of brokerage rates anywhere onsite.
For complete brokerage charges and trading plans detail please visit Karvy Brokerage Charges.
Here we are comparing Karvy with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Full Service Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||0.03 to 0.3%||0.1 to 0.5%||Rs 20||Rs 20||Rs 20|
|Account Type||2 in 1||2 in 1||2 in 1||2 in 1||2 in 1|
|Equity Delivery||0.3% or 30 paisa||0.5% or 50 paisa||Flat Fee Rs 20||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||0.03% or 3 paisa||0.1% or 10 paisa||Flat Fee Rs 20||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||0.03% or 3 paisa||0.1% or 10 paisa||Flat Fee Rs 20||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||Rs 50 Per Lot||2.5% of Premium or Rs 250 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||0.03% or 3 paisa||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||0.03% or 3 paisa||0.1% or 10 paisa||Flat Fee Rs 20||0.01% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Currency Options||Rs 50 Per Lot||2.5% of Premium or Rs 30 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate Karvy Brokerage Calculator
Karvy NEST Trader:This application can be downloaded and installed on your computer for a complete trading solution for members across several exchange venues including NSE.
Its main features are:
Karvy Online Mobile Trading App :KARVY Mobile Application is available for android and iphone and it gives the Investor the convenience of secure and real time access to quotes and trading even on move.
KarvyOnline web : It comes with low bandwidth Web Platform and Xpress Platform, with the convenience to trade anywhere on mobiles, laptop and tablet. It not only provides option to invest in all of the financial products but also enables customers to view their portfolio online and also access various research reports and views on stocks. It also provides them with a facility to communicate with Karvy's research/advisory teams online.
For detail review of mobile app and download please visit Karvy Trading Platform Review.
Here we are comparing Karvy with its 5 close competitors on Trading Platform.
|Android Tablet App||Yes||Yes||Yes||Yes||Yes|
|Android Mobile App||Yes||Yes||Yes||Yes||Yes|
|iPhone App (iOS Mobile App)||No||Yes||Yes||Yes||No|
Karvy stock Broking is known for its quality of investment and advice. The company's stock broking services are widely networked across India, with large number of trading terminals providing retail stock broking facilities.
That is the reason why the Broker want you to contact their local branches in your city to know the brokerage charges and any account related queries. They are called centralized but not in terms of the brokerage.
Overall a big name in Indian Brokerage Industry with lots of offerings but little catches here and there.
If you like what you have read and want to start trading, leave your contact information with us and we will guide you.
Last updated on 2019-07-09
Karvy Stock Broking (KSBL) has been banned by SEBI for client defaults worth around Rs 2,000 cr making it one of the India's largest cases of equity broker default. In an ex-parte interim order, SEBI banned Karvy from not only taking new clients but also from executing trades for current. Now existing clients are left with only option to close Karvy demat and trading account and tranfer current demat holdings to new broker.
To close your Karvy demat account and transfer your shares please follow the steps below:
Meanwhile you can contact CDSL and/or NSDL with your register email id providing your PAN Information, DOB, Registered phone number and request to confirm your holdings. That way you can make sure what share you are holding with Karvy demat account.