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

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 Private
Broker Type Full Service Broker Full Service Broker
Headquarters Mumbai, India Hyderabad, India
Founder M K Sharma C Parthasarathy
Established Year 1994 1983

ICICI Direct vs Karvy Customer Ratings Comparison

Customer Ratings ICICI Direct Karvy
Experience 7.5/10 6.0/10
Products & Services 8.9/10 6.5/10
Brokerage Charges & Fees 6.0/10 7.0/10
Stock Research & Advisory 8.5/10 6.7/10
Trading Platforms 8.5/10 6.5/10
Overall Ratings 7.9/10 6.5/10
Star Ratings ★★★★★ ★★★☆☆
Total Client Reviews 1488 1265

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.500 per Annum Rs.500 per Annum
Trading AMC Charges Rs.975 Free
Margin Money Minimum Rs.20,000 Zero to Rs.1 lakh
Offline to Online No No

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 0.03% – 0.05% 0.01% – 0.03%
Commodity Options Trading NA 0.01% – 0.03%
Equity Futures Trading 0.03% – 0.05% 0.01% – 0.03%
Equity Options Trading Rs.35 – Rs.95 per Lot Rs.10 – Rs.30 per lot
Currency Futures Trading 0.03% – 0.05% 0.01% – 0.03%
Currency Options Trading Rs.10 – Rs.35 per Lot Rs.10 – Rs.30 per lot
Minimum Brokerage Rs.35 per Trade Percentage of Transacton
Demat AMC Charges Rs.500 per Annum Rs.500 per annum
Trading AMC Charges Rs.975 per Annum Free
Margin Money Minimum Rs.20,000 Zero to Rs.1 lakh
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 Turnnover
STT 0.0126% of Total Turnover 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal) Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges) 18% of (Brokerage + Transaction Charges)

Compare Karvy & ICICI Direct Offers

Offers ICICI Direct Karvy
Free Demat Account S 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 Acount R S
Intraday Services R R
IPO Services R R
Stock Recommendations R R
Robo Advisory R S
Trading Institution R S
Trading Exposure Upto 16x Upto 20x

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 Upto 8x Upto 10x
Equity Intraday Upto 16x Upto 20x
Equity Futures Upto 8x Upto 10x
Equity Options Upto 5x Upto 15x
Currency Futures Upto 8x Upto 12x
Currency Options Upto 8x Upto 10x
Commodities Upto 12x Upto 12x

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
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
Support Number 022-33551122 040 – 6750 6200
Email Support R R
Chat Support S S
Toll Free Number No 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

Compare ICICI Direct with other Brokers & Karvy with other Brokers:

ICICI Direct vs Bonanza Portfolio Karvy vs Anand Rathi
ICICI Direct vs HDFC Securities Karvy vs Religare Securities
ICICI Direct vs IIFL Karvy vs Reliance Securities
ICICI Direct vs Reliance Securities Karvy vs Ventura Securities
ICICI Direct vs Ventura Securities Karvy vs SAMCO
ICICI Direct vs SAMCO Karvy vs Bonanza Portfolio
ICICI Direct vs Kotak Securities Karvy vs HDFC Securities
ICICI Direct vs Angel Broking Karvy vs IIFL
ICICI Direct vs Sharekhan Karvy vs Edelweiss
ICICI Direct vs Zerodha Karvy vs Motilal Oswal

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