Karuna Finance Review, Brokerage Charges, Demat Account & More

Karuna Finance is a full service broker based out of Kolkata. This article is about Karuna Finance review. Right from brokerage charges to its disadvantages, account opening process, trading platforms & more, we will discuss everything about them.


Karuna Finance Customer Ratings & Review

Experience 2.9/5
Products & Services 3.4/5
Brokerage Charges & Fees 3.1/5
Stock Research & Advisory 3.3/5
Trading Platforms 2.9/5
Overall Ratings 3.2/5
Star Ratings ★★★☆☆
Total Client Reviews 156

 


About Karuna Finance

Company Type Private
Broker Type Full Service Broker
Headquarters Kolkata, West Bengal
Founder Sanjoy Tekriwal
Established Year 1995

Karuna Finance

Karuna Finance is a private company established in the year 1995.

Sanjoy Tekriwal is the founder of this full-service broker company, and its headquarters are located in Kolkata, West Bengal.


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Karuna Finance Brokerage Charges

Equity Delivery Trading 0.36%
Equity Intraday Trading 0.04%
Commodity Options Trading 0.04%
Equity Futures Trading 0.04%
Equity Options Trading Rs.36 per Lot
Currency Futures Trading 0.04%
Currency Options Trading Rs.36 per Lot
Minimum Brokerage Percentage of Transaction
Demat AMC Charges Rs.360 per Annum
Trading AMC Charges Rs.150 per Annum
Margin Money Minimum Rs.7,000
Brokerage Calculator Karuna Finance Brokerage Calculator

Karuna Finance Brokerage fees are as follows. The company charges 0.36% for equity delivery trading, 0.04% for equity intraday trading and equity futures trading. They charge 0.04% for currency futures trading and commodity options trading.

The Company charges Rs. 360 per annum for opening a Demat AMC account and Rs.150 per annum for opening Trading AMC account.

The company offers Rs. 36 per lot for equity options trading and currency options trading. Minimum margin money required to start trading is around Rs. 7,000.


Karuna Finance Other Charges

Transaction Charges 0.00312%
STT 0.0126% of Total Turnover
SEBI Turnover Charges 0.0002% of Total Turnover
Stamp Duty Depends on State (very minimal)
GST 18% of (Brokerage + Transaction Charges)

The company charges 0.00312% for each transaction. They charge 0.0126% of total turnover for STT and 0.0002% of total turnover for SEBI turnover charges.

GST charges are 18% which is the combination of both transaction and Brokerage charges. Stamp duty is minimal and varies with states.


Find Brokerage Charges of other Full Service Brokers – 

Kotak Securities ICICI Direct Sharekhan India Infoline (IIFL)
Ventura Securities Marwadi Group Aditya Birla Money Motilal Oswal

Karuna Finance Demat Account Opening Fees

Depository Source CDSL & NSDL
Account Opening Charges Free
Demat AMC Charges Rs.360 per Annum
Trading AMC Charges Rs.150 per Annum
Margin Money Minimum Rs.7,000
Offline to Online Yes

CDSL and NSDL are two depository sources available to deposit money in the company. There is no fee to open an account in Karuna Finance company.

They charge Rs. 360 per year for Demat AMC account and Rs. 150 per year for a Trading AMC account. A minimum margin amount of Rs. 7000 are required to start trading.


Karuna Finance Offers

Free Demat Account No
Free Trading Account No
Discount on Brokerage No
Trading Happy Hours No
Flexible Brokerage Plans No
1 Month Brokerage Free No
Holiday Offers No
Referral Offers No
Zero Brokerage for Loss Making Trades No

Karuna Finance offers towards their users and customers are as follows.

  • Free Demat Account

How to Open a Demat Account with Karuna Finance?

Opening a Demat account is very easy. You just need to have KYC documents and you are all set to go.

  • Click on the “Open Demat Account” button below & fill up the details.
  • Enter your name, phone number & city and in the next step of registration, you will get a call from Karuna Finance representative.
  • Documents like Aadhar card, PAN card, documents for address, and identity proof, photograph are to be submitted.
  • Within 1 or 2 days, an agent from the company will call for verification purpose
  • The account gets activated after all this process and users can start using their Demat account for trading

Why Open Karuna Finance Trading Account?

There are many advantages to joining this company, and they are as follows.

  • Reliable software
  • Quick customer service response
  • Availability on all major platforms for easy access

Along with these, they are many such advantages offered by the company. So, its good to open a trading account with Karuna Finance.


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Karuna Finance Products & Services:

Here are the list of Products & Services provided by Karuna Finance:

Products Offered by Karuna Finance:

Equity Trading Yes
Commodity Trading Yes
Currency Trading Yes
Options Yes
Futures Yes
Mutual Funds Yes
Forex No
Banking No
SIP Yes
Insurance No

It is important for users to know about the products and services of the company they want to join and trade.

Karuna Finance products are Equity trading, Currency trading, Commodity trading, Futures, Options, SIP, and Mutual Funds.

Karuna Finance Service Offerings:

Demat Services Yes
Trading Services Yes
3 in 1 Acount No
Intraday Services Yes
IPO Services Yes
Stock Recommendations No
Robo Advisory No
PMS No
Trading Institution No
Trading Exposure Upto 5X

Karuna Finance Services are Intraday services, IPO services, Trading services, Demat services and trading exposure of up to 5X.


Check Products & Services offered by other Stock Brokers –

Angel Broking HDFC Securities Indiabulls Ventures  Just Trade
IDBI Direct  GCL Securities Arihant Capital Religare Securities

Karuna Finance Research, Advisory and Stock Tips

Fundamental Reports No
Research Reports No
Company Reports No
Annual Reports No
Company Stock Review No
Free Stock Tips Yes
IPO Reports Yes
Top Picks Yes
Daily Market Review Yes
Monthly Reports Yes
Weekly Reports Yes
Offline Advisory Yes
Relationship Manager Yes

The company provides reports, reviews and many other benefits to users. They are as follows.

  • Daily market reviews
  • Monthly reports
  • Weekly reports
  • Offline advisory
  • Free stock tips
  • Top picks
  • Relationship manager

The role of the relationship manager is to help users and clients whenever they got a problem dealing with trades. The reports, analysis, predictions and a lot of stuff is involved while trading.

So users can take the help of relationship manager while taking decisions.


Karuna Finance Exposure or Leverage

Equity Delivery Upto 3X
Equity Intraday Upto 5X
Equity Futures Upto 3X
Equity Options Upto 4X
Currency Futures Upto 4X
Currency Options Upto 3X
Commodities Upto 3X
Margin Calculator Karuna Finance Margin Calculator

Karuna Finance Company provides more than 5 products and their exposure varies with product.

  • Equity delivery up to 3X
  • Equity futures up to 3X
  • Currency options up to 3X
  • Commodities up to 3X
  • Equity options up to 4X
  • Currency Futures up to 4X
  • Equity Intraday up to 5X

Karuna Finance Trading Platforms

Here are the thorough details on various trading platforms offered by Karuna Finance to its consumers. All the platforms have been established in-house and always get progressed on an unremitting basis.

Desktop Platform – Windows Yes
Desktop Platform – Mac Yes
Desktop Browser Platform No
Mobile Site Platform No
Android App Platform Yes
iOS App Platform Yes
Windows App Platform No
Other Mobile OS Platform No
Real time Updates Yes
Portfolio Details Yes
Online MF Buy Yes
News Flash Yes
Research Reports No
Easy Installation No
Global Indices Yes
Stock Tips Yes
Personalized Advisory No
Interactive Charts No
Live Markets Yes
SMS Alerts No
Email Alerts Yes
Multi Account Management No

Karuna Finance Company provides software and apps for ease of access at any place. Trading platforms supported by this company are as follows.

Karuna Finance Trading Terminal:

Software is available on both platforms Windows and Mac. They can be downloaded from the website. Download latest and suitable versions as per your OS configuration. Login with your credentials.

User interface can be a bit tricky if you are using it for the first time. All options are provided and here is a quick overview of advantages using this software.

  • Real time updates
  • News flash
  • Portfolio details
  • Stock tips
  • Email alerts
  • Live markets

Karuna Finance Mobile Trading App:

People can do trading even from the smartphones with the help of apps. This company also provides apps for both Android and IOS platforms. They are free to download and upon downloading, login with username, password and that’s it.

UI is designed in such a way that users get all the info regarding stocks and trading in minimal design. Loading money, transferring to a bank account, SMS alerts on stocks and many such activities can be done by the mobile app.


Karuna Finance Customer Care

Dedicated Dealer No
Offline Trading Yes
Online Trading Yes
24*7 Support No
Support Number NA
Email Support Yes
Chat Support No
Toll Free Number No
Branches 67

Karuna Finance Company has around 203 branches all around the world. They provide online and offline trading. Email support is available.

Usually they will respond within few hours for any query in working days.


Karuna Finance Complaints and Feedback

Find the list of complaint against Karuna Finance

Lodged in BSE 0
Resolved in BSE 0
Lodged in NSE 1
Resolved in NSE 1

During the last year, only one complaint was lodged in NSE which was resolved too. There are no other complaints or concerns apart from that one complaint.

So, the percentage of complaints is just around 0.01 which is very low.


Karuna Finance Disadvantages:

Below mentioned is the list of cons of Karuna Finance:

Cons of Karuna Finance

Although there are many advantages, there are a few disadvantages too. They are as follows.

  • They are not providing any referral or holiday offers.
  • There is no insurance from them
  • No research reports are provided
  • 24*7 support is not available
  • They have no Toll-free number

Karuna Finance Conclusion

Every company has its limitations when it comes to providing offers. We cannot judge the company’s worth based on their offers.

What we have to focus on is their work and customer support which is excellent for this company. It will be beneficial for people to join and work with Karuna Finance.


Check detailed review of similar full service brokers:

Mangal Keshav  MasterTrust Networth Direct Reliance Securities
Axis Direct  SMC Global GEPL Capital  SBI Cap Securities

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