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

Last Updated Date - Aug 29, 2023

Here is a detailed comparison of Zerodha vs Karvy. Zerodha is a 5 star discount broker based out of Bangalore while karvy is a 3 star full service broker based out of Hyderabad. Lets have a detailed comparison of both the stock brokers.

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


Now let’s Compare Karvy & Zerodha

Overview of Zerodha & Karvy

Overview Zerodha Karvy
Company Type Private Public
Broker Type Discount Broker Full Service Broker
Headquarters Bangalore, India Hyderabad, India
Founder  Nithin Kamath, Nikhil Kamath, Dr.Kailash Nadh C Parthasarathy
Established Year 2010 1983

Zerodha vs Karvy Customer Ratings Comparison

Customer Ratings Zerodha Karvy
Experience 8.7 / 10 8.3 / 10
Products & Services 9.4 / 10 8.2 / 10
Brokerage Charges & Fees 9.5 / 10 8.1 / 10
Stock Research & Advisory 9.6 / 10 8.5 / 10
Trading Platforms 8.5 / 10 8.3 / 10
Overall Ratings 9.14 / 10 8.28 / 10
Star Ratings ★★★★★ ★★★★☆
Total Client Reviews 5893 4117

Zerodha vs Karvy Demat Account Comparison

Demat Services Zerodha Karvy
Depository Source CDSL CDSL
Account Opening Charges Rs.200 Free
Demat AMC Charges Rs.300 per Annum Rs.500 per Annum
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online S S

Karvy vs Zerodha Brokerage Charges Comparison

Brokerage Charge & Fees Zerodha Karvy
Equity Delivery Trading Rs 0 (Free) 0.1% – 0.3%
Equity Intraday Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.01% – 0.03%
Commodity Options Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.01% – 0.03%
Equity Futures Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.01% – 0.03%
Equity Options Trading Flat Rs 20 per executed order (on Turnover) Rs.10 – Rs.30 per lot
Currency Futures Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order 0.01% – 0.03%
Currency Options Trading Flat Rs 20 or 0.03% (whichever is lower) per executed order Rs.10 – Rs.30 per lot
Minimum Brokerage Zero Percentage of Transaction
Demat AMC Charges Rs.300 per Annum Rs.500 per annum
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Brokerage Calculator Zerodha Brokerage Calculator Karvy Brokerage Calculator

Karvy & Zerodha Other Charges Comparison

Other Charges Zerodha Karvy
Transaction Charges 0.00325% 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 Rs 10 / 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 & Zerodha Offers

Offers Zerodha Karvy
Free Demat Account S R
Free Trading Account S 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 R S
Zero Brokerage for Loss Making Trades S S

Compare Services of Zerodha vs Karvy

Services Zerodha 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 S S
PMS R R
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare Karvy & Zerodha Research & Advisory

Research & Advisory Zerodha 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

Zerodha vs Karvy Exposure/Leverage

Exposure / Leverage Zerodha 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 Zerodha Margin Calculator Karvy Margin Calculator

Zerodha vs Karvy Product Comparison

Products Zerodha Karvy
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

Zerodha vs Karvy Trading Platform Comparison

Trading Platforms Zerodha 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

Zerodha vs Karvy Customer Support

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

Zerodha vs Karvy Customer Complaints

Complaints (Current Year) Zerodha Karvy
Lodged in BSE 220 210
Resolved in BSE 217 185
Lodged in NSE 189 165
Resolved in NSE 185 143

 


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