In this Article, you will get all information related to Karvy charges like their brokerage charges, account opening charges, transaction charges, account processing charges & more.
So, if you are making your mind to trade with karvy and want to about Karvy brokerage charges & more then keep reading.
Karvy Brokerage Charges
Find information on Karvy brokerage charges below:
|Brokerage Charges of 2019|
|Equity Options||Rs. 30 per lot|
|Currency Options||Rs. 30 per lot|
|Flat Monthly Fees, if any||NA|
Clients who wants to trade in equity delivery is 0.30%, for equity intraday, equity futures and currency futures they need to pay 0.03% as a brokerage charges. The brokerage charges for equity options and currency options are Rs. 30 per lot.
Karvy Special Brokerage Plans
Find information of Karvy special brokerage plans below:
|Plan:||Karvy Brokerage Plan [Premium Subscription Plan]|
|Flat Monthly Fee||Rs 100000 per year|
|Equity Options||Rs. 10 per lot|
|Currency Options||Rs. 10 per lot|
Karvy premium subscription plan charged flat montly fee Rs.100,000 per year in 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.
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Karvy Account Opening Charges
Find details of account opening charges levied by Karvy:
|Account Opening Charges of 2019|
|Account Processing Charges||Nil|
|Trading Account Opening Charges [One Time]||Rs. 0|
|Trading AMC [Yearly]||Rs. 0|
|Demat Account Opening Charges [One Time]||Rs. 0|
|Demat AMC [Yearly]||Rs. 500|
|Margin Money||Starts with Zero|
Individuals don’t require to pay any fee while opening trading and demat accounts. Neither he/she has to pay for maintaining trading account.
Only demat account holders have to pay Rs.500 yearly as a demat account annual maintenance charges. One can start with Zero Margin at Karvy.
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Karvy Transaction Charges
This table provides you information about Karvy transaction charges:
|Transaction Charges 2019|
|Equity Options||0.05% on Premium|
If you want to trade in equity delivery, equity Intraday, or currency futures you need to pay 0.00325% as transaction charges.
For equity futures the transaction charges 0.00230% and for currency futures 0.00320% respectively. The transaction charges levied by Karvy for equity options 0.05% on premium.
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Karvy Other Charges
Below is the list of various charges levied by Karvy:
|Other Charges 2019|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|STT||0.0126% of Total Turnover|
|Stamp Duty||0.002% – 0.004% – Depends on State|
|GST||18% of (Brokerage + Transaction Charges)|
|Margin Funding Charges||18% + GST|
|Reactivation Charges||Rs.75 per Segment|
|Account Closure Charges||Rs.50 per Segment|
- The SEBI charged at 0.0002% for every equity for each equity transaction or we can say that 0.0002% of total turnover.
- STT charge will apply when you trade itslef that is 0.126% of total turnover.
- The stamp duty charges that levied by the Government lies between 0.002%- 0.004% and it vary from state to state.
- The GST charges levied by government are 18% of ( brokerage + transaction charges).
- The broking house charges are 18% + GST for margin funding.
- At Rs. 50 per segments clients can easily close their trading account and by paying Rs. 75 per segment they can reactivate it.
- The dematerialisation charges levied by Karvy are Rs. 53 only.
Karvy brokerage charges FAQ
Ques – Does Karvy Charge Brokerage?
Answer – 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.
Ques – What is Karvy Brokerage Charges?
Answer – Karvy brokerage charges are molded in a way 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 a fee of Rs.100000 yearly.
Ques – What is an Intraday Brokerage of Karvy?
Answer – 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 any flat fees. While the special price plans for intraday and other segments of the trading can be accessed by paying a flat yearly fee to the trader.
Ques – What Other Charges levied by Karvy?
Answer – Other charges are the government charges which are mandatory and need to be paid by every trader. At Karvy clients can expect themselves to be charged with a set of other charges, given – GST that is 18% of the brokerage + transaction charges, stamp duty charges which are 0.002%-0.004%, the exact charge depends on the state.
Ques – Is Karvy a discount broker?
Answer – What makes Karvy the most favored broker by their clients is the set of services which they undertake. Karvy does not just provide a low-cost brokerage but also provide their clients with tax tips as well as research on various stock market fundamentals. Karvy has their clients covered from low-cost brokerage to their retirement planning.
Ques – Does Karvy have Free Delivery?
Answer – Karvy does not have free delivery; clients can however wish to reduce their equity delivery charges by choosing the special plans offered by the broker. The special plans at Karvy enable traders to reduce their delivery charges by 0.20%
Ques – How much Karvy Charge for Options?
Answer – Karvy charges a very minimal rate on this very segment of trading. The charges attached with equity options and currency options are both Rs.30 per lot respectively. Charges associated with equity options can be further reduced to Rs 10 per lot by choosing the exclusive plans offered by this broker.
Ques – What are Karvy Transaction Charges?
Answer – Transaction charges pay a very crucial role, as the client pays that fraction of 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 makes numeral transactions without fearing the charge baggage. Equity delivery, intraday, and currency futures carry a charge of 0.00325% at Karvy.
Ques – What is the Demat AMC in Karvy?
Answer – One of the major supports which clients get at Karvy is there are no account processing charges. The only charge that 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 as well, i.e. traders can open an account without having any account balance.
Ques – Is Karvy Brokerage Free?
Answer – Services at Karvy are not brokerage free and carry a certain set of charges with them. While different segments carry different charges, Karvy also have exclusive plans for active traders, who buy or sell shares actively and wish to reduce their brokerage charges.
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