Here is a detailed comparison of Upstox vs Karvy. This comparison includes all metrics required to give a detailed idea about both the stock brokers. In this comparison we will cover the similarities between Upstox vs Karvy along with differences.
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
This Upstox vs Karvy comparison will give a very detailed overview of which stock broker is suitable for you.
Now let’s Compare Upstox vs Karvy:
Overview of Upstox & Karvy |
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| Overview | Upstox | Karvy |
| Company Type | Private | Public |
| Broker Type | Discount Broker | Full Service Broker |
| Headquarters | Mumbai, India | Hyderabad, India |
| Founder | Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath | C Parthasarathy |
| Established Year | 2011 | 1983 |
Upstox vs Karvy Customer Ratings Comparison |
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| Customer Ratings | Upstox | Karvy |
| Experience | 8.1 / 10 | 8.3 / 10 |
| Products & Services | 8.0 / 10 | 8.2 / 10 |
| Brokerage Charges & Fees | 7.9 / 10 | 8.1 / 10 |
| Stock Research & Advisory | 9.0 / 10 | 8.5 / 10 |
| Trading Platforms | 5.0 / 10 | 8.3 / 10 |
| Overall Ratings | 7.90 / 10 | 8.28 / 10 |
| Star Ratings | ★★★☆☆ | ★★★★☆ |
| Total Client Reviews | 2147 | 4117 |
Upstox vs Karvy Demat Account Comparison |
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| Demat Services | Upstox | Karvy |
| Depository Source | CDSL | CDSL |
| Account Opening Charges | Rs 0 (Free) | Free |
| Demat AMC Charges | Rs 249 | Rs.500 per Annum |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Offline to Online | S | S |
Karvy vs Upstox Brokerage Charges Comparison |
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| Brokerage Charge & Fees | Upstox | Karvy |
| Equity Delivery Trading | Zero | 0.1% – 0.3% |
| Equity Intraday Trading | Rs.20 per executed order or 0.05% (whichever is lower) | 0.01% – 0.03% |
| Commodity Options Trading | Rs.20 per executed order or 0.05% (whichever is lower) | 0.01% – 0.03% |
| Equity Futures Trading | Rs.20 per executed order or 0.05% (whichever is lower) | 0.01% – 0.03% |
| Equity Options Trading | Flat Rs.20 per executed order | Rs.10 – Rs.30 per lot |
| Currency Futures Trading | Rs.20 per executed order or 0.05% (whichever is lower) | 0.01% – 0.03% |
| Currency Options Trading | Flat Rs.20 per executed order | Rs.10 – Rs.30 per lot |
| Minimum Brokerage | Rs.20 | Percentage of Transaction |
| Demat AMC Charges | Rs.249 | Rs.500 per annum |
| Trading AMC Charges | Rs. 354 | Free |
| Margin Money | 75% Margin | 75% Margin |
| Brokerage Calculator | Upstox Brokerage Calculator | Karvy Brokerage Calculator |
Karvy & Upstox Other Charges Comparison |
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| Other Charges | Upstox | Karvy |
| Transaction Charges | 0.00275% 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 & Upstox Offers |
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| Offers | Upstox | Karvy |
| Free Demat Account | S | R |
| Free Trading Account | R | S |
| Discount on Brokerage | R | S |
| Trading Happy Hours | S | S |
| Flexible Brokerage Plans | S | 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 Upstox vs Karvy |
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| Services | Upstox | Karvy |
| Demat Services | R | R |
| Trading Services | R | R |
| 3 in 1 Account | S | S |
| Intraday Services | R | R |
| IPO Services | R | R |
| Stock Recommendations | S | R |
| Robo Advisory | R | S |
| PMS | S | R |
| Trading Institution | S | S |
| Trading Exposure | Upto 5x | Upto 5x |
Compare Karvy & Upstox Research & Advisory |
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| Research & Advisory | Upstox | Karvy |
| Fundamental Reports | S | R |
| Research Reports | S | R |
| Company Reports | S | R |
| Annual Reports | S | R |
| Company Stock Review | S | R |
| Free Stock Tips | S | S |
| IPO Reports | S | R |
| Top Picks | S | S |
| Daily Market Review | S | S |
| Monthly Reports | S | R |
| Weekly Reports | S | R |
| Offline Advisory | S | R |
| Relationship Manager | S | R |
Upstox vs Karvy Exposure/Leverage |
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| Exposure / Leverage | Upstox | 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 | Upstox Margin Calculator | Karvy Margin Calculator |
Upstox vs Karvy Product Comparison |
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| Products | Upstox | Karvy |
| Equity Trading | R | R |
| Commodity Trading | S | R |
| Currency Trading | R | R |
| Options | R | R |
| Futures | R | R |
| Mutual Funds | S | R |
| Forex | S | S |
| Banking | S | S |
| SIP | S | R |
| Insurance | S | S |
Upstox vs Karvy Trading Platform Comparison |
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| Trading Platforms | Upstox | 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 |
Upstox vs Karvy Customer Support |
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| Customer Support | Upstox | Karvy |
| Dedicated Dealer | S | 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 | Zero | 110 |
Upstox vs Karvy Customer Complaints |
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| Complaints (Current Year) | Upstox | Karvy |
| Lodged in BSE | 185 | 210 |
| Resolved in BSE | 126 | 185 |
| Lodged in NSE | 175 | 165 |
| Resolved in NSE | 139 | 143 |
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