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In this article, you will get all information related to Karvy charges like brokerage charges, opening account charges, transaction charges, account processing charges & more.

So, if you are making up your mind to trade with Karvy and want to know about Karvy brokerage charges & more, keep reading.

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Karvy Brokerage Charges

Find information on Karvy’s brokerage charges below:

Brokerage Charges
Equity Delivery 0.30%
Equity Intraday 0.03%
Equity Futures 0.03%
Equity Options Rs. 30 per lot
Currency Futures 0.03%
Currency Options Rs. 30 per lot
Commodity NA

Clients who want to trade in equity delivery are 0.30%; for equity intraday, equity futures, and currency futures, they need to pay 0.03% as a brokerage charge. The brokerage charges for equity and currency options are Rs. 30 per lot.

Karvy Special Brokerage Plans

Find information on Karvy’s special brokerage plans below:

Plan: Karvy Brokerage Plan [Premium Subscription Plan]
Segment Brokerage Fee
Flat Monthly Fee Rs 100000 per year
Equity Delivery 0.10%
Equity Intraday 0.01%
Equity Futures 0.01%
Equity Options Rs. 10 per lot
Currency Futures 0.01%
Currency Options Rs. 10 per lot
Commodity  NA

Karvy premium subscription plan charges a flat monthly fee of Rs.100,000 per year, which brokerage charges for equity delivery, intraday, equity futures, and currency futures are 0.01%, and for equity options and currency options are Rs.10 per lot.

In the Karvy Review section, you can find all the details and aspects of importance related to Karvy.

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    Karvy Account Opening Charges

    Find details of account opening charges levied by Karvy:

    Account Opening Charges
    Trading Charges [One Time] Rs. 0
    Trading AMC [Yearly] Rs. 0
    Demat Charges [One Time] Rs. 0
    Demat AMC [Yearly] Rs. 500
    Margin Money Not required

    Individuals don’t require to pay any fee while opening trading and Demat accounts. Neither do they have to pay for maintaining a trading account.

    Only Demat account holders have to pay Rs.500 years as Demat account annual maintenance charges. One can start with Zero-Margin at Karvy.

    Karvy Brokerage Calculator allows you to calculate the brokerage charged by the stockbroker and help in choosing the right trading companion.

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    Karvy Transaction Charges

    This table provides you with information about Karvy’s transaction charges:

    Transaction Charges
    Equity Delivery 0.003%
    Equity Intraday 0.003%
    Equity Futures 0.002%
    Equity Options 0.05% on Premium
    Currency Futures 0.003%
    Currency Options 0.003%
    Commodity NA

    If you want to trade in equity delivery, equity Intraday, or currency options, you must pay 0.00325% as transaction charges on BSE and NSE.

    The transaction charges 0.00230% for equity futures and currency futures 0.00320%, respectively. The transaction charges levied by Karvy for equity options are 0.05% on premium.

    Karvy Other Charges

    Below is the list of various charges levied by Karvy:

    Other Charges
    Reactivation Charges Rs.75 per Segment
    Account Closure Charges Rs.50 per Segment
    Dematerialisation Charges Rs.53

    As the table above clearly describes, all these changes aren’t mandatory charges you must pay every time. Unlike standard brokerage fees, users only pay these charges when they either make a mistake or want to benefit from a different service provided by Karvy. Simply put, Reactivation Charges of Rs 75 are charged from users upon account re-opening.

    Similarly, if they want to close the account, they will need to pay Account Closure Charges of Rs 50. If a user wants to move his BO account to another DP, they need to pay dematerialization charges of Rs 53.

    That’s how the whole process works. Apart from that, certain additional charges may also exist, and much information you can get from the broker’s official website for trading.

    Karvy Regulatory & Government Charges

    Segments Charges
    SEBI Turnover Charges 0.0001% (₹10/Crore)
    STT 0.0126% of Total Turnover
    Stamp Duty 0.002% – 0.004% – Depends on State
    GST 18% of (Brokerage + Transaction Charges)

    You usually pay regulatory and government charges at Karvy at a similar rate. SEBI Turnover Charges will stay at a 0.0001% charge rate per Rs 10 crore value. Similarly, STT is 0.0126% of total turnover. Stamp duty depends on the state, and like always, GST stays at 18%.

    These taxes are pre-added to the transaction value, and nobody has any right to either hide them or modify them based on their convenience. But don’t worry. You pay GST only on profits. Losses incurred by a broker are tax-free. Still, 18% GST may be available in the transaction charges.

    Karvy Brokerage Charges: Conclusion

    Karvy’s Charges are undoubtedly unignorable. There’s no way to skip them; you should have a good calculation prepared before executing the order. However, there’s no need to put excessive stress on a few charges like Government Tax and SEBI charges.

    The only charges you should emphasize more are brokerage and penalties. It is up to you how you manage them. Though in most scenarios, options are limited. Thus, adopt a disciplined routine for trading or investment at Karvy as long as you can.

    Karvy brokerage charges FAQ

    Here is the list of FAQs related to the Karvy brokerage charges:

    Does Karvy Charge Brokerage?

    Like any other brokers, Karvy barkers too charge a minimum brokerage from their clients on the trading services which they provide to them. Karvy offers the least price for equity intraday and futures; clients are charged 0.03% for the intraday and futures.

    What are Karvy Brokerage Charges?

    Karvy brokerage charges are moulded so that they sit right with every broker and all their trading needs. The broker house here has two brokerage plans, one of which is standard, while the second plan can be opted for by paying Rs.100000 yearly.

    What is an Intraday Brokerage of Karvy?

    Seeing traders’ interest in the intraday segment of trading, Karvy broking house offers two sets of prices for the following. The customary charge for intraday is around 0.03%, which the traders can access without paying flat fees. At the same time, the special price plans for intraday and other trading segments can be accessed by paying a flat yearly fee to the trader.

    What Other Charges were levied by Karvy?

    Other charges are mandatory government charges and must be paid by every trader. At Karvy, clients can expect themselves to be charged with a set of other charges, given – GST, 18% of the brokerage + transaction charges, and stamp duty charges which are 0.002%-0.004%; the exact charge depends on the state.

    Is Karvy a discount broker?

    What makes Karvy the most favoured broker by their clients is the set of services they undertake. Karvy does not just provide a low-cost brokerage but also provides its clients with tax tips and research on various stock market fundamentals. Karvy has its clients covered, from low-cost brokerage to retirement planning.

    Does Karvy have Free Delivery?

    No. Delivery orders are subject to certain fees and deductions. That’s why you should never ignore them in any way. For your information, brokerage charges on equity delivery orders are 0.30%, which is 0.10% in the Premium Subscription plan that comes at an added expense.

    How much does Karvy Charge for Options?

    Karvy’s charges for options vary. The broker offers two different accounts; the first is a standard account, and the second is a subscription-based plan. Similarly, option charges in the standard account are Rs 30 per lot, around 0.10% in Premium Subscription Models. So choose carefully.

    What are Karvy’s Transaction Charges?

    Transaction charges play a crucial role, as the client pays that fraction of the charge from the total amount to the broker with every transaction he makes. At Karvy, the transaction charges are kept as the bare minimum to support clients making numeral transactions without fearing the charge baggage. Equity delivery, intraday, and currency futures charge 0.00325% at Karvy.

    What is the Demat AMC in Karvy?

    One of the major support clients get at Karvy is that there are no account processing charges. The only charge clients have to pay to this broker while opening an account is the Demat AMC, which is only around Rs.500. The broker here does not ask their clients for any minimum margin money, i.e., traders can open an account without having any account balance.

    Is Karvy Brokerage Free?

    Services at Karvy are not brokerage free and carry a certain set of charges with them. While different segments carry different charges, Karvy also has plans for active traders who actively buy or sell shares and wish to reduce their brokerage charges.

    Is Karvy free?

    No. Karvy isn’t a free broker. Users aren’t required to pay any additional amount in the standard account, but in the premium subscription-based plan, a fee whopping Rs 1,00,000 per annum is charged. If you want to make a budgetary decision, you may like to go with Karvy’s standard account.

    Which is better, Zerodha or Karvy?

    Zerodha or Karvy is absolutely a perfect selection from a trading perspective. Both broking firms have impressed traders so far. Where Zerodha is good enough for budgetary investors, Karvy, on the other hand, may prove to be a better alternative for big investors.

    Is the Karvy Demat account free?

    Yes. You can access the Karvy Demat account for free at no extra charge. But if you opt for a subscription-based plan, a subscription fee may be charged, which is huge.

    Who is the owner of Karvy?

    Mr C. Parthasarathy currently heads Karvy; however, the person behind the company who founded Karvy isn’t known.

    How can I check my Karvy Demat account?

    You can check your Karvy Demat Account by simply logging in to Karvy and making your Demat account available on the interface.

    Is Karvy a full-service broker?

    Yes. Karvy is a full-service broker and allows you to do more than just a few trades. You can analyze the market, execute an order and launch a new trade with no restrictions.

    What mutual funds are under Karvy?

    Mutual Funds like Axis, Benchmark, Bharati, Canara Robeco, Baroda Pioneer, Edelweiss, JM, LIC, Mirae asset, and many other good names come under Karvy. You can find the list of Mutual Funds available for investment at Karvy’s Official website or app.

    How do I transfer Karvy’s shares?

    To transfer Karvy Shares, obtain Delivery Instruction Slip and submit it to your existing broker or current broker like Karvy. The broker will then send this slip to the depository, which will transfer your shares to any broker you want hereafter.

    How do I activate my Karvy account?

    Users can activate their Karvy account by simply giving log-in details and passing the KYC criteria. If the account has been deactivated due to your absence at Karvy for a long time, you will need to reactivate it by paying a small charge.

    Can I buy direct mutual funds from Karvy?

    Yes. You can buy direct mutual funds from Karvy by simply visiting the broker’s official website or app and following the standard criteria for purchasing an asset.

    Does Karvy provide news and live market alerts?

    Yes. Karvy provides news and live market updates. Users can never stay far from the ongoing activities in the live market. Apart from that, live reporting of the share price is also shared with traders ensuring they could actively deal with the situation that’s favourable to them or maybe not.

    Does Karvy provide quarterly reports of equity and mutual funds?

    Yes. Karvy provides Quarterly Reports of Equity and Mutual Funds, ensuring you can stay up to date with every rise and fall of the market.

    How much is Karvy Equity Delivery brokerage?

    Karvy Equity Delivery Brokerage is 0.030% of executed orders if you choose a standard account, but it is down to 0.10% in a premium subscription plan. That’s why the choice is up to you.

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