Karvy Stock Broking Brokerage and Demat Account Review 2019

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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.

Karvy Brokerage and Demat Account Review - 2019

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.

Why to choose Karvy as your stock broker?

  • Wide range of Investment options available.
  • Facilitates NRI Trading.
  • Huge network of offices.
  • Support After Market Order (AMO), BTST, Cover Order and Bracket Order.
  • Amongst top 10 stock brokers in India and top 3 depository participants.
  • Provides in-depth research, constant feedback and sound advisory facilities.
LikesAdvantages

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

DislikesDisadvantages

no clear view of brokerage charges, not a 3 in 1 account; minimum brokerage charges

Exclusive OfferExclusive Offer

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What are the Investments Options available with Karvy?

Karvy - Equity Cash and F&O
Yes
Karvy - Currency F&O
Yes
Karvy - Commodity Trading
Yes
Karvy - Mutual Funds
Yes
Karvy - ETF
Yes
Karvy - Online IPO
No
Karvy - Bonds Investment
Yes
Karvy - Debt Investment
Yes
Karvy - Banking Service
No
Karvy - Insurance Service
Yes
Karvy - MF SIP Investment
Yes

How is Karvy with closest competitors?

Here we are comparing Karvy with its 5 close competitors, who are currently market leader in brokerage industry.

Broker Karvy ICICIDirect Sharekhan Zerodha ProStocks
Service Type Full Service Broker Full Service Broker Full Service Broker Discount Broker Discount Broker
Brokerage 0.03 to 0.3% 0.05 to .55% 0.1 to 0.5% Rs 20 Rs 15
Account Type 2 in 1 3 in 1 2 in 1 2 in 1 2 in 1
Monthly Plans No No No No Yes
Rating

Please refer unique and accurate Karvy Brokerage Calculator


Karvy Brokerage Plans Review - 2019

Brokerage and Commission Rated 3.5/5

    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.

    • Trading Account Opening Charges (One Time): Free
    • Demat account Opening Charges (One Time):Free
    • Trading Annual maintenance charges (AMC): NA
    • Demat Account Annual Maintenance Charges (AMC):Free for 1 year
    • Toll free no:1800 425 8283
    • Tel: +91-40-23312454
    • Email: [email protected]
    • Website: http://karvyonline.com/

Karvy Brokerage Charges - Basic Plan (Percentage Based)

Brokerage Plan Basic Plan (Percentage Based)
Flat Fee NA
Equity Delivery 0.3% or 30 paisa
Equity Intraday 0.03% or 3 paisa
Equity Futures 0.03% or 3 paisa
Equity Options Rs 50 Per Lot
Currency Futures 0.03% or 3 paisa
Currency Options Rs 50 Per Lot
Commodity 0.03% or 3 paisa

For complete brokerage charges and trading plans detail please visit Karvy Brokerage Charges.

What are the various Product and Services offered by Karvy?

Product & Services Rated 4/5
Karvy - 3 in 1 Account
No
Karvy - Multiple Plans
No
Karvy - Monthly Plan
No
Karvy - Yearly Plan
No
Karvy - Portfolio
Yes
Karvy - Charting
Yes
Karvy - Automated Trading
Yes
Karvy - AMO Order
No
Karvy - Allow GTC Order
No
Karvy - SMS Alerts
Yes
Karvy - Margin Trade Funding
Combined Ledger for Equity and Commodity
Yes
Karvy - NRI Trading
No

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What are the Customer Support options availabel with Karvy?

Customer Support Rated 4/5
Karvy - Phone Support
Yes
Karvy - Toll Free Number
Yes
Karvy - Email Support
Yes
Karvy - Branch Offices
Yes
Karvy - Live Chat
No
Karvy - 24/7 Support
No

What are the trading platform offered by Karvy?

Trading Platforms Rated 4/5

    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:

    • Creat market watch groups.
    • View market picture data for scrips.
    • Place Buy/Sell orders to the exchange.
    • View orders, trades and positions data.
    • Set up effective risk management system.
    • Use add-on tools to receive alerts, send internal messages etc.

    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.

What are the Trading Platforms & Tools Options available with Karvy?

Karvy - Desktop Platform (Windows)
Yes
Karvy - Desktop Platform (Mac)
No
Karvy - Web Platform
Yes
Karvy - Stock Alerts via Email
No
Karvy - Stock Alerts via SMS
No
Karvy - Virtual Trading
No
Karvy - Watch-lists, streaming real-time quotes
Yes
Karvy - Mobile App
Yes
Karvy - Android Tablet App
Yes
Karvy - Android App
Yes
Karvy - iPhone App
No
Karvy - iPad App
No
Karvy - Mobile Trading Site
Yes

Karvy Membership Information

  1. Karvy NSE Membership:
    • Capital Market (CM) - INB230770138
    • Future & Options (F&O) - INF230770138
    • Currency Derivatives (CDS) - INE230770138
  2. Karvy BSE Membership:
    • Capital Market (CM) - INB010770130
    • Future & Options (F&O) - INF010770131
  3. Karvy Depository:
    • Depository Participant : IN-DP-175-2015;
  4. Karvy Head Office
    Karvy House, No. 46, 8-2-609/K
    Avenue 4, Street No. 1 Banjara Hills,
    Hyderabad - 500 034.
    Telangana, India.
    +91-40-23312454
  5. Karvy Customer Support and Login
    • Customer Care No (India):1800 419 8283
    • Customer Care Email:[email protected]
    • Customer Care No (NRI):+91 40 6750 6200

Final thought about Karvy

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.

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Karvy Stock Broking User Reviews

avatar
16. Naveen kumsr  Apr 23, 2019 11:37:50 AM IST Reply
Sir i can not contact with you for 2 days i have open a demate accont new
avatar
15. VAKIL AHMAD  Feb 18, 2019 4:32:32 PM IST Reply
THE SHARE ARE NOT SHOWING IN MY DEMATE A/C
S.N COMPANY NAME NO.OF SHAIRE
1, BAJAJ AUTO 12
2. BAJAJ FINSERVE 16
3.. BAJAJ HOLDING 16
4. RELIANCE INDUSTRIES 52
EVEN I HAV NOT GOTTEN DIVIDEND OF BAJAJ AUTO
avatar
14. Omkar mishra  Feb 9, 2019 1:25:24 PM IST Reply
Can karvy start relation with me as a business partner if possible then please contact
avatar
13. Ram jatan singh  Jan 4, 2019 9:37:04 PM IST Reply
I have forget my demate ac details my broker was Arun kumar singh and i had bought some share but i had not get any details so plz help me to active my account
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12. shivshankar Middle sharma  Nov 19, 2018 12:11:30 PM IST Reply
very bad services

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
avatar
11. Prabhat Mehta  Oct 14, 2018 1:01:19 PM IST Reply
Advisory services are excellent.Regular precise calls on shares help gain max profit.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
avatar
10. rohit  Aug 3, 2018 9:45:14 AM IST Reply
very high brokerage charges.
i have purchase for 2000rs after they charge 25rs per order either sell or buy
the actual brokerage they said was 0.03% for intraday and 0.3% for delivery
then its come around 6rs for delivery.then i dont identified why they charge me 25rs
my best suggession is go with zerodha
best & clear vision.
avatar
10.1. Yash  Aug 23, 2018 10:06:48 PM IST
i''m a karvy user,
25rs is there minimum charges per order . i suggest u to purchase something over 10000 rs and then u will find the correct amount.
avatar
9. Anis  Jun 28, 2018 1:36:53 PM IST Reply
Very Costly . Karvy charges the rate of 2004 when brokerage were too high . They apply same now.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Below Average
Customer Service - Average
Overall Experience - Very Poor
avatar
8. Durga Dass Thakur  May 10, 2018 8:51:48 AM IST Reply
Best costumer service and prompt help

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Average
Customer Service - Excellent
Overall Experience - Above Average
avatar
7. sac  Nov 9, 2017 9:04:57 AM IST Reply
I have an account with Karvy, web site is so messy that when you come out of account you never know. its not at all user friendly.Seriously they should they should make it user friendly
avatar
7.1. S.Narayanan  Jan 18, 2018 10:45:35 AM IST
Lot of negative openion for your brokerage, transaction , fees structure, and your customer support and your app . As an beginners how is possible to select u r fit for common man to grow in there life time. Plz reply.

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