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ICICI Direct vs Karvy – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Aug 29, 2023

Here is a detailed comparison of ICICI Direct vs Karvy. ICICI Direct is one of the largest broking house with more than 3 million customer base while Karvy is one of the well known broker with massive experience & based out of hyderabad. This comparison is one of the best between two major brokers in the industry i.e ICICI Direct & Karvy.

icici direct vs karvy

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This ICICI Direct & Karvy comparison will give a very detailed overview of which stock broker is suitable for you.


Now let’s Compare Karvy & ICICI Direct :

Overview of ICICI Direct & Karvy

Overview ICICI Direct Karvy
Company Type Public Public
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, India Hyderabad, India
Founder Vjay Chandok C Parthasarathy
Established Year 1994 1983

ICICI Direct vs Karvy Customer Ratings Comparison

Customer Ratings ICICI Direct Karvy
Experience 8.8 / 10 8.3 / 10
Products & Services 8.4 / 10 8.2 / 10
Brokerage Charges & Fees 8.5 / 10 8.1 / 10
Stock Research & Advisory 7.9 / 10 8.5 / 10
Trading Platforms 8.6 / 10 8.3 / 10
Overall Ratings 8.44 / 10 8.28 / 10
Star Ratings ★★★★☆ ★★★★☆
Total Client Reviews 4026 4117

ICICI Direct vs Karvy Demat Account Comparison

Demat Services ICICI Direct Karvy
Depository Source NSDL & CDSL CDSL
Account Opening Charges Zero Free
Demat AMC Charges Rs 300 (from 2nd year) Rs.500 per Annum
Trading AMC Charges Rs 0 (Free) Free
Margin Money 75% Margin 75% Margin
Offline to Online S S

Karvy vs ICICI Direct Brokerage Charges Comparison

Brokerage Charge & Fees ICICI Direct Karvy
Equity Delivery Trading 0.55% 0.1% – 0.3%
Equity Intraday Trading Rs 20 per order 0.01% – 0.03%
Commodity Options Trading Rs 20 per order 0.01% – 0.03%
Equity Futures Trading Rs 0 (Free) 0.01% – 0.03%
Equity Options Trading Rs 20 per order Rs.10 – Rs.30 per lot
Currency Futures Trading Rs 20 per order 0.01% – 0.03%
Currency Options Trading Rs 20 per order Rs.10 – Rs.30 per lot
Minimum Brokerage Rs.20 per Trade Percentage of Transaction
Demat AMC Charges Rs.300 per Annum from 2nd year Rs.500 per annum
Trading AMC Charges Zero Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator ICICI Direct Brokerage Calculator Karvy Brokerage Calculator

Karvy & ICICI Direct Other Charges Comparison

Other Charges ICICI Direct Karvy
Transaction Charges 0.00280% of Total Turnover 0.00325% of Total Turnover
STT Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Karvy & ICICI Direct Offers

Offers ICICI Direct Karvy
Free Demat Account R R
Free Trading Account S S
Discount on Brokerage S S
Trading Happy Hours R S
Flexible Brokerage Plans R R
1 Month Brokerage Free S S
Holiday Offers S S
Referral Offers R S
Zero Brokerage for Loss Making Trades R S

Compare Services of ICICI Direct vs Karvy

Services ICICI Direct Karvy
Demat Services R R
Trading Services R R
3 in 1 Account R S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory R S
PMS R R
Trading Institution R S
Trading Exposure Upto 5x Upto 5x

Compare Karvy & ICICI Direct Research & Advisory

Research & Advisory ICICI Direct Karvy
Fundamental Reports R R
Research Reports R R
Company Reports R R
Annual Reports R R
Company Stock Review R R
Free Stock Tips S S
IPO Reports R R
Top Picks S S
Daily Market Review R S
Monthly Reports R R
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

ICICI Direct vs Karvy Exposure/Leverage

Exposure / Leverage ICICI Direct Karvy
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator ICICI Direct Margin Calculator Karvy Margin Calculator

ICICI Direct vs Karvy Product Comparison

Products ICICI Direct Karvy
Equity Trading R R
Commodity Trading S R
Currency Trading R R
Options R R
Futures R R
Mutual Funds R R
Forex R S
Banking R S
SIP R R
Insurance R S

ICICI Direct vs Karvy Trading Platform Comparison

Trading Platforms ICICI Direct Karvy
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform R R
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R R
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory R R
Interactive Charts R R
Live Markets R R
SMS Alerts R R
Email Alerts R R
Multi Account Management R R

ICICI Direct vs Karvy Customer Support

Customer Support ICICI Direct Karvy
Dedicated Dealer R R
Offline Trading S R
Online Trading R R
24*7 Support S S
Email Support R R
Chat Support S S
Toll Free Number S 1800 419 8283
Branches 226 110

ICICI Direct vs Karvy Customer Complaints

Complaints (Current Year) ICICI Direct Karvy
Lodged in BSE 225 210
Resolved in BSE 215 185
Lodged in NSE 196 165
Resolved in NSE 182 143

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