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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 offers


Karuna Finance Customer Ratings & Review

Experience2.9/5
Products & Services3.4/5
Brokerage Charges & Fees3.1/5
Stock Research & Advisory3.3/5
Trading Platforms2.9/5
Overall Ratings3.2/5
Star Ratings★★★☆☆
Total Client Reviews156

 


About Karuna Finance

Company TypePrivate
Broker TypeFull Service Broker
HeadquartersKolkata, West Bengal
FounderSanjoy Tekriwal
Established Year1995

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 Trading0.36%
Equity Intraday Trading0.04%
Commodity Options Trading0.04%
Equity Futures Trading0.04%
Equity Options TradingRs.36 per Lot
Currency Futures Trading0.04%
Currency Options TradingRs.36 per Lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.360 per Annum
Trading AMC ChargesRs.150 per Annum
Margin MoneyMinimum Rs.7,000
Brokerage CalculatorKaruna 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.


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Karuna Finance Other Charges

Transaction Charges0.00312%
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% 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.


 

Karuna Finance Demat Account Opening Fees

Depository SourceCDSL & NSDL
Account Opening ChargesFree
Demat AMC ChargesRs.360 per Annum
Trading AMC ChargesRs.150 per Annum
Margin MoneyMinimum Rs.7,000
Offline to OnlineYes

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 AccountNo
Free Trading AccountNo
Discount on BrokerageNo
Trading Happy HoursNo
Flexible Brokerage PlansNo
1 Month Brokerage FreeNo
Holiday OffersNo
Referral OffersNo
Zero Brokerage for Loss Making TradesNo

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

  • Free Demat Account

To know about offers of other stock brokers check below

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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.


Get a Call back from Karuna Finance

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  1. Open Demat Account

Karuna Finance Products & Services:

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

Products Offered by Karuna Finance:

Equity TradingYes
Commodity TradingYes
Currency TradingYes
OptionsYes
FuturesYes
Mutual FundsYes
ForexNo
BankingNo
SIPYes
InsuranceNo

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 ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsNo
Robo AdvisoryNo
PMSNo
Trading InstitutionNo
Trading ExposureUpto 5X

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


 

Karuna Finance Research, Advisory and Stock Tips

Fundamental ReportsNo
Research ReportsNo
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsYes
IPO ReportsYes
Top PicksYes
Daily Market ReviewYes
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryYes
Relationship ManagerYes

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 DeliveryUpto 3X
Equity IntradayUpto 5X
Equity FuturesUpto 3X
Equity OptionsUpto 4X
Currency FuturesUpto 4X
Currency OptionsUpto 3X
CommoditiesUpto 3X
Margin CalculatorKaruna 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

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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 – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformNo
Mobile Site PlatformNo
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyYes
News FlashYes
Research ReportsNo
Easy InstallationNo
Global IndicesYes
Stock TipsYes
Personalized AdvisoryNo
Interactive ChartsNo
Live MarketsYes
SMS AlertsNo
Email AlertsYes
Multi Account ManagementNo

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 DealerNo
Offline TradingYes
Online TradingYes
24*7 SupportNo
Support NumberNA
Email SupportYes
Chat SupportNo
Toll Free NumberNo
Branches67

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 BSE0
Resolved in BSE0
Lodged in NSE1
Resolved in NSE1

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.


Open Demat Account with Karuna Finance

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