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

OverviewICICI DirectKarvy
Company TypePublicPrivate
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, IndiaHyderabad, India
FounderM K SharmaC Parthasarathy
Established Year19941983

ICICI Direct vs Karvy Customer Ratings Comparison

Customer RatingsICICI DirectKarvy
Products & Services8.9/106.5/10
Brokerage Charges & Fees6.0/107.0/10
Stock Research & Advisory8.5/106.7/10
Trading Platforms8.5/106.5/10
Overall Ratings7.9/106.5/10
Star Ratings★★★★★★★★☆☆
Total Client Reviews14881265

ICICI Direct vs Karvy Demat Account Comparison

Demat ServicesICICI DirectKarvy
Depository SourceNSDL & CDSLCDSL
Account Opening ChargesZeroFree
Demat AMC ChargesRs.500 per AnnumRs.500 per Annum
Trading AMC ChargesRs.975Free
Margin MoneyMinimum Rs.20,000Zero to Rs.1 lakh
Offline to OnlineNoNo

Karvy vs ICICI Direct Brokerage Charges Comparison

Brokerage Charge & FeesICICI DirectKarvy
Equity Delivery Trading0.55%0.1% – 0.3%
Equity Intraday Trading0.03% – 0.05%0.01% – 0.03%
Commodity Options TradingNA0.01% – 0.03%
Equity Futures Trading0.03% – 0.05%0.01% – 0.03%
Equity Options TradingRs.35 – Rs.95 per LotRs.10 – Rs.30 per lot
Currency Futures Trading0.03% – 0.05%0.01% – 0.03%
Currency Options TradingRs.10 – Rs.35 per LotRs.10 – Rs.30 per lot
Minimum BrokerageRs.35 per TradePercentage of Transacton
Demat AMC ChargesRs.500 per AnnumRs.500 per annum
Trading AMC ChargesRs.975 per AnnumFree
Margin MoneyMinimum Rs.20,000Zero to Rs.1 lakh
Brokerage CalculatorICICI Direct Brokerage CalculatorKarvy Brokerage Calculator

Karvy & ICICI Direct Other Charges Comparison

Other ChargesICICI DirectKarvy
Transaction Charges0.00280% of Total Turnover0.00325% of Total Turnnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Compare Karvy & ICICI Direct Offers

OffersICICI DirectKarvy
Free Demat AccountSR
Free Trading AccountSS
Discount on BrokerageSS
Trading Happy HoursRS
Flexible Brokerage PlansRR
1 Month Brokerage FreeSS
Holiday OffersSS
Referral OffersRS
Zero Brokerage for Loss Making TradesRS

Compare Services of ICICI Direct vs Karvy

ServicesICICI DirectKarvy
Demat ServicesRR
Trading ServicesRR
3 in 1 AcountRS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRR
Robo AdvisoryRS
Trading InstitutionRS
Trading ExposureUpto 16xUpto 20x

Compare Karvy & ICICI Direct Research & Advisory

Research & AdvisoryICICI DirectKarvy
Fundamental ReportsRR
Research ReportsRR
Company ReportsRR
Annual ReportsRR
Company Stock ReviewRR
Free Stock TipsSS
IPO ReportsRR
Top PicksSS
Daily Market ReviewRS
Monthly ReportsRR
Weekly ReportsRR
Offline AdvisoryRR
Relationship ManagerRR

ICICI Direct vs Karvy Exposure/Leverage

Exposure / LeverageICICI DirectKarvy
Equity DeliveryUpto 8xUpto 10x
Equity IntradayUpto 16xUpto 20x
Equity FuturesUpto 8xUpto 10x
Equity OptionsUpto 5xUpto 15x
Currency FuturesUpto 8xUpto 12x
Currency OptionsUpto 8xUpto 10x
CommoditiesUpto 12xUpto 12x

ICICI Direct vs Karvy Product Comparison

ProductsICICI DirectKarvy
Equity TradingRR
Commodity TradingSR
Currency TradingRR
Mutual FundsRR

ICICI Direct vs Karvy Trading Platform Comparison

Trading PlatformsICICI DirectKarvy
Desktop Platform – WindowsRR
Desktop Platform – MacRR
Desktop Browser PlatformRR
Mobile Site PlatformRR
Android App PlatformRR
iOS App PlatformRR
Windows App PlatformSS
Other Mobile OS PlatformSS
Real time UpdatesRR
Portfolio DetailsRR
Online MF BuyRR
News FlashRR
Research ReportsRR
Easy InstallationRR
Global IndicesRR
Stock TipsRR
Personalized AdvisoryRR
Interactive ChartsRR
Live MarketsRR
SMS AlertsRR
Email AlertsRR
Multi Account ManagementRR

ICICI Direct vs Karvy Customer Support

Customer SupportICICI DirectKarvy
Dedicated DealerRR
Offline TradingSR
Online TradingRR
24*7 SupportSS
Support Number022-33551122040 – 6750 6200
Email SupportRR
Chat SupportSS
Toll Free NumberNo1800 419 8283

ICICI Direct vs Karvy Customer Complaints

Complaints (Current Year)ICICI DirectKarvy
Lodged in BSE225210
Resolved in BSE215185
Lodged in NSE196165
Resolved in NSE182143

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

ICICI Direct vs Bonanza PortfolioKarvy vs Anand Rathi
ICICI Direct vs HDFC SecuritiesKarvy vs Religare Securities
ICICI Direct vs IIFLKarvy vs Reliance Securities
ICICI Direct vs Reliance SecuritiesKarvy vs Ventura Securities
ICICI Direct vs Ventura SecuritiesKarvy vs SAMCO
ICICI Direct vs SAMCOKarvy vs Bonanza Portfolio
ICICI Direct vs Kotak SecuritiesKarvy vs HDFC Securities
ICICI Direct vs Angel BrokingKarvy vs IIFL
ICICI Direct vs SharekhanKarvy vs Edelweiss
ICICI Direct vs ZerodhaKarvy vs Motilal Oswal

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