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 TypePublicPublic
Broker TypeFull Service BrokerFull Service Broker
HeadquartersMumbai, IndiaHyderabad, India
FounderVjay ChandokC Parthasarathy
Established Year19941983

ICICI Direct vs Karvy Customer Ratings Comparison

Customer RatingsICICI DirectKarvy
Experience8.8 / 108.3 / 10
Products & Services8.4 / 108.2 / 10
Brokerage Charges & Fees8.5 / 108.1 / 10
Stock Research & Advisory7.9 / 108.5 / 10
Trading Platforms8.6 / 108.3 / 10
Overall Ratings8.44 / 108.28 / 10
Star Ratings★★★★☆★★★★☆
Total Client Reviews40264117

ICICI Direct vs Karvy Demat Account Comparison

Demat ServicesICICI DirectKarvy
Depository SourceNSDL & CDSLCDSL
Account Opening ChargesZeroFree
Demat AMC ChargesRs 300 (from 2nd year)Rs.500 per Annum
Trading AMC ChargesRs 0 (Free)Free
Margin Money75% Margin75% Margin
Offline to OnlineSS

Karvy vs ICICI Direct Brokerage Charges Comparison

Brokerage Charge & FeesICICI DirectKarvy
Equity Delivery Trading0.55%0.1% – 0.3%
Equity Intraday TradingRs 20 per order0.01% – 0.03%
Commodity Options TradingRs 20 per order0.01% – 0.03%
Equity Futures TradingRs 0 (Free)0.01% – 0.03%
Equity Options TradingRs 20 per orderRs.10 – Rs.30 per lot
Currency Futures TradingRs 20 per order0.01% – 0.03%
Currency Options TradingRs 20 per orderRs.10 – Rs.30 per lot
Minimum BrokerageRs.20 per TradePercentage of Transaction
Demat AMC ChargesRs.300 per Annum from 2nd yearRs.500 per annum
Trading AMC ChargesZeroFree
Margin Money75% Margin75% Margin
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 Turnover
STTEquity 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 Charges0.00005% (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)
GST18% on (Brokerage + Transaction Charge + SEBI Fee)18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Karvy & ICICI Direct Offers

OffersICICI DirectKarvy
Free Demat AccountRR
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 AccountRS
Intraday ServicesRR
IPO ServicesRR
Stock RecommendationsRR
Robo AdvisoryRS
PMSRR
Trading InstitutionRS
Trading ExposureUpto 5xUpto 5x

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 Delivery1x1x
Equity IntradayUpto 5xUpto 5x
Equity Futures1x1x
Equity Options1x1x
Currency Futures1x1x
Currency Options1x1x
Commodities1x1x
Margin CalculatorICICI Direct Margin CalculatorKarvy Margin Calculator

ICICI Direct vs Karvy Product Comparison

ProductsICICI DirectKarvy
Equity TradingRR
Commodity TradingSR
Currency TradingRR
OptionsRR
FuturesRR
Mutual FundsRR
ForexRS
BankingRS
SIPRR
InsuranceRS

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
Email SupportRR
Chat SupportSS
Toll Free NumberS1800 419 8283
Branches226110

ICICI Direct vs Karvy Customer Complaints

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

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