Karvy vs NJ Wealth – Compare Brokerage Charges, Demat Account & more

Here is a detailed comparison of Karvy vs NJ Wealth. In this comparison page, you can check both similarities and differences between these two broking companies. This comparison between Karvy & NJ Wealth will help you choose a better company that will fulfill the requirements for trading and investment purposes.

Both of these Stock Broking companies are providing wide range of products and services to the investors.

Also, below we have provided you the links for Brokerage Calculator and Margin Money Calculator for both the broking companies.

This will help give you proper understanding on the Charges and Leverage or Exposure given by these brokers.

Karvy vs NJ Wealth

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 Karvy & NJ Wealth comparison will give a very detailed overview of which stock broker is suitable for you.

Now let’s Compare NJ Wealth & Karvy

Overview of Karvy & NJ Wealth

Overview Karvy NJ Wealth
Company Type Private Private
Broker Type Full Service Broker Full Service Broker
Headquarters Hyderabad, India Surat, Gujarat
Founder C Parthasarathy Niraj Ravindra Choksi
Established Year 1983 2000

Karvy vs NJ Wealth Customer Ratings Comparison

Customer Ratings Karvy NJ Wealth
Experience 6.0/10 5.8/10
Products & Services 6.5/10 5.8/10
Brokerage Charges & Fees 7.0/10 5.6/10
Stock Research & Advisory 6.7/10 5.4/10
Trading Platforms 6.5/10 5.8/10
Overall Ratings 6.5/10 5.6/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 1265 219

Karvy vs NJ Wealth Demat Account Comparison

Demat Services Karvy NJ Wealth
Depository Source CDSL CDSL & NSDL
Account Opening Charges Free Rs.300
Demat AMC Charges Rs.500 per Annum Free
Trading AMC Charges Free Rs.250 per Annum
Margin Money Zero to Rs.1 lakh Minimum Rs.3,000
Offline to Online S R

NJ Wealth vs Karvy Brokerage Charges Comparison

Brokerage Charge & Fees Karvy NJ Wealth
Equity Delivery Trading 0.1% – 0.3% 0.1% – 0.2%
Equity Intraday Trading 0.01% – 0.03% 0.01% – 0.02%
Commodity Options Trading 0.01% – 0.03% 0.01% – 0.02%
Equity Futures Trading 0.01% – 0.03% 0.01% – 0.02%
Equity Options Trading Rs.10 – Rs.30 per lot Rs.10 – Rs.20 per Lot
Currency Futures Trading 0.01% – 0.03% 0.01% – 0.02%
Currency Options Trading Rs.10 – Rs.30 per lot Rs.10 – Rs.20 per Lot
Minimum Brokerage Percentage of Transaction Percentage of Transaction
Demat AMC Charges Rs.500 per annum Free
Trading AMC Charges Free Rs.250 per Annum
Margin Money Zero to Rs.1 lakh Minimum Rs.3,000
Brokerage Calculator Karvy Brokerage Calculator Nj India Brokerage Calculator

NJ Wealth & Karvy Other Charges Comparison

Other Charges Karvy NJ Wealth
Transaction Charges 0.00325% of Total Turnover 0.0000325
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 NJ Wealth & Karvy Offers

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

Compare Services of Karvy vs NJ Wealth

Services Karvy NJ Wealth
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R S
Stock Recommendations R R
Robo Advisory S S
PMS R R
Trading Institution S S
Trading Exposure Upto 20x Upto 7X

Compare NJ Wealth & Karvy Research & Advisory

Research & Advisory Karvy NJ Wealth
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 R
IPO Reports R R
Top Picks S R
Daily Market Review S R
Monthly Reports R R
Weekly Reports R R
Offline Advisory R R
Relationship Manager R R

Karvy vs NJ Wealth Exposure/Leverage

Exposure / Leverage Karvy NJ Wealth
Equity Delivery Upto 10x Upto 2X
Equity Intraday Upto 20x Upto 7X
Equity Futures Upto 10x Upto 4X
Equity Options Upto 15x Upto 5X
Currency Futures Upto 12x Upto 1X
Currency Options Upto 10x Upto 3X
Commodities Upto 12x Upto 3X
Margin Calculator Karvy Margin Calculator Nj Wealth Margin Calculator

Karvy vs NJ Wealth Product Comparison

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

Karvy vs NJ Wealth Trading Platform Comparison

Trading Platforms Karvy NJ Wealth
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 S
Interactive Charts R R
Live Markets R R
SMS Alerts R R
Email Alerts R R
Multi Account Management R S

Karvy vs NJ Wealth Customer Support

Customer Support Karvy NJ Wealth
Dedicated Dealer R R
Offline Trading R R
Online Trading R R
24*7 Support S S
Email Support R R
Chat Support S S
Toll Free Number 1800 419 8283 S
Branches 110 283

Karvy vs NJ Wealth Customer Complaints

Complaints (Current Year) Karvy NJ Wealth
Lodged in BSE 210 0
Resolved in BSE 185 0
Lodged in NSE 165 7
Resolved in NSE 143 7

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