Karvy Stock Broking Review 2019

Rated 4/5 by Top Share Brokers Team
Karvy Stock Broking Review

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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.

Review Summary

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.


Benefits

  • 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.

Considerations

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


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Karvy Investment Options Compare

Here we are comparing Karvy with its 5 close competitors on investment options.

Broker Karvy Sharekhan 5paisa Zerodha SAMCO
Equity Trading Type Yes Yes Yes Yes Yes
Currency Trading Yes Yes Yes Yes Yes
Commodity Trading Yes Yes Yes Yes Yes
Mutual Funds Yes Yes Yes Yes No
MF SIP Yes Yes Yes Yes No
ETF Investment Yes Yes Yes Yes Yes
Banking No No No No No
Insurance Yes Yes Yes No No

Karvy Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 3.5/5

Karvy Account Opening Charges

      »»  Trading Account Opening Charges: Free
      »»  Trading Account AMC: Free
      »»  Demat Account Opening Charges: Free
      »»  Demat Account AMC: Rs 500 PA

Karvy Brokerage

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/

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

Karvy with closest competitors

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

Broker Karvy Sharekhan 5paisa Zerodha SAMCO
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 10 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 10 Free 0.2% or Rs 20 whichever is lower
Equity Intraday 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 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 10 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 10 Flat Fee Rs 20 Flat Fee Rs 20
Commodity 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.03% or 3 paisa 0.1% or 10 paisa Flat Fee Rs 10 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 10 Flat Fee Rs 20 Flat Fee Rs 20
Rating

Please refer unique and accurate Karvy Brokerage Calculator


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Alternatives to Karvy

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Karvy Trading Platform and Tools

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.

Karvy Trading Platform Compare

Here we are comparing Karvy with its 5 close competitors on Trading Platform.

Broker Karvy Sharekhan 5paisa Zerodha SAMCO
Desktop Windows Yes Yes Yes Yes Yes
Desktop Mac No No No No No
Web Trading Yes Yes Yes Yes Yes
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
iPad App No Yes Yes Yes No
Mobile Site Yes Yes Yes Yes Yes

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

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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
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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
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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
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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
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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
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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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