Upstox vs Karvy – Compare Brokerage Charges, Demat Account & more

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.

Upstox 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

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

Overview Upstox Karvy
Company Type Private Private
Broker Type Discount Broker Full Service Broker
Headquarters Mumbai, India Hyderabad, India
Founder Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath C Parthasarathy
Established Year 2009 1983

RKSV vs Karvy Customer Ratings Comparison

Customer Ratings Upstox Karvy
Experience 5.3/10 6.0/10
Products & Services 6.5/10 6.5/10
Brokerage Charges & Fees 9.5/10 7.0/10
Stock Research & Advisory 3.0/10 6.7/10
Trading Platforms 6.5/10 6.5/10
Overall Ratings 6.2/10 6.5/10
Star Ratings ★★★☆☆ ★★★☆☆
Total Client Reviews 598 1265

Upstox vs Karvy Demat Account Comparison

Demat Services Upstox Karvy
Depository Source CDSL CDSL
Account Opening Charges Rs.150 Free
Demat AMC Charges Rs.150 per Annum Rs.500 per Annum
Trading AMC Charges Free Free
Margin Money Zero Zero to Rs.1 lakh
Offline to Online No No

Karvy vs Upstox Brokerage Charges Comparison

Brokerage Charge & Fees Upstox Karvy
Equity Delivery Trading Zero 0.1% – 0.3%
Equity Intraday Trading Rs.20 0.01% – 0.03%
Commodity Options Trading Rs.20 0.01% – 0.03%
Equity Futures Trading Rs.20 0.01% – 0.03%
Equity Options Trading Rs.20 per lot Rs.10 – Rs.30 per lot
Currency Futures Trading Rs.20 0.01% – 0.03%
Currency Options Trading Rs.20 per lot Rs.10 – Rs.30 per lot
Minimum Brokerage Rs.20 Percentage of Transacton
Demat AMC Charges Rs.150 per annum Rs.500 per annum
Trading AMC Charges Free Free
Margin Money Zero Zero to Rs.1 lakh
Brokerage Calculator Upstox Brokerage Calculator Karvy Brokerage Calculator

Karvy & RKSV Other Charges Comparison

Other Charges Upstox Karvy
Transaction Charges 0.00275% 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 & Upstox Offers

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

Services Upstox Karvy
Demat Services R R
Trading Services R R
3 in 1 Acount 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 20x Upto 20x

Compare Karvy & Upstox Research & Advisory

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

Exposure / Leverage Upstox Karvy
Equity Delivery Upto 5x Upto 10x
Equity Intraday Upto 20x Upto 20x
Equity Futures Upto 7x Upto 10x
Equity Options Upto 8x Upto 15x
Currency Futures Upto 5x Upto 12x
Currency Options Upto 6x Upto 10x
Commodities Upto 7x Upto 12x

Upstox vs Karvy Product Comparison

Products Upstox Karvy
Equity Trading R R
Commodity Trading No 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

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

Customer Support Upstox Karvy
Dedicated Dealer S R
Offline Trading S R
Online Trading R R
24*7 Support S S
Support Number 022 – 6130 9999 040 – 6750 6200
Email Support R R
Chat Support S S
Toll Free Number S 1800 419 8283
Branches Zero 110

Upstox vs Karvy Customer Complaints

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

 


Compare Upstox with other Brokers & Karvy with other Brokers:

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Top 10 Discount Brokers in India
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Top 10 Intraday Trading Brokers in India
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Stock Broker Comparison
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