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Karvy is one of the well-known brokerage firms based out of Hyderabad and is a part of the country’s prominent business group – Karvy Group.

It is one of the biggest stockbroking firms that provide core financial services to customers.

This article will discuss Karvy Review, brokerage charges, trading platforms, demat accounts, products, services, offers, and other essential aspects.

Karvy Offers

Table of Contents

Karvy Ratings & Review by Top10StockBroker

Karvy Ratings
Experience 8.3 / 10
Trading Platform 8.2 / 10
Product & Services 8.1 / 10
Brokerage Charges 8.5 / 10
Research 8.3 / 10
Overall Rating 8.28 / 10
Star Rating ★★★★☆

About Karvy Online

Company Type Public
Broker Type Full-Service Broker
Headquarters Hyderabad, India
Founder C Parthasarathy
Established Year 1983

Karvy caters to multiple trading requirements under one roof and makes trading an easy ride. C Parthasarathy established the company, and its headquarters are located in Hyderabad, India.

Karvy is a full-service broker with a well-diversified group today. The company provides various financial services and offers data processing and managing systems.

Since the company’s financial services were custom-made for retail businesses, building skill and scale in the transaction processing area became extremely important.

Moreover, during the highly stressed and critical environment in the financial services segment, the non-financial services assisted Karvy in bringing stability to the business.

The financial service businesses of the Karvy Group is positioned among the top-five financial businesses in the nation over its business area and its broking services also rank among the Best broker for trading.

The company serves more than 70 million investors in diverse dimensions and provides flexible investor services to more than 600 corporate groups; all this has made it the best stock broking company in India.

The Karvy Group is good at offering depository participant, stockbroking services, financial products including- (fixed deposits, bonds and mutual funds), advisory services, commodities broking, wealth management, merchant banking and corporate finance, NBFC ( macro and micro-businesses, loans to individual investors, forex, currencies, data management, data analytics, registrar & transfer agents and market research.

Karvy broking house itself honours enduring customer fundamentals with a combination of prominent edge technology and a huge range of corporate offices available in the country.

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    Karvy Brokerage Charges and Fees

    Karvy, a prominent broking house, provides a wide variety of brokerage offerings.

    Let’s have a look at their brokerage plans & fee structure:

    Brokerage Charges & Fees
    Equity Delivery Trading 0.1% – 0.3%
    Equity Intraday Trading 0.01% – 0.03%
    Commodity Options Trading 0.01% – 0.03%
    Equity Futures Trading 0.01% – 0.03%
    Equity Options Trading Rs.10 – Rs.30 per lot
    Currency Futures Trading 0.01% – 0.03%
    Currency Options Trading Rs.10 – Rs.30 per lot
    Minimum Brokerage Percentage of Transaction
    Demat AMC Charges Rs.500 per annum
    Trading AMC Charges Free
    Margin Money Zero to Rs.1 lakh

    The company provides a trading account for no cost & the annual maintenance cost of the trading account is also zero. While their demat account opening cost is zero, they charge a yearly AMC of Rs.500.

    Karvy Brokerage Plans: They have two types of brokerage structures. 1st is for Retail broking customers of low worth & 2nd for premium customers. Let’s check them out here at the table:

    Segment Retail Plan Premium Plan
    Flat Monthly Fee 0 – 1 lakh 1 lakh plus
    Equity Delivery 0.3% 0.1%
    Equity Intraday 0.03% 0.01%
    Equity Futures 0.03% 0.01%
    Equity Options Rs.30 per lot Rs.10 per lot
    Currency Futures 0.03% 0.01%
    Currency Options Rs.30 per lot Rs.10 per lot
    Commodity 0.03% 0.01%

    Just a Comparison between Karvy’s Brokerage plans to other mid-segment brokers. It seems they have a perfect brokerage plan with a detailed technical analysis team.

    Karvy is the perfect option for any prospect looking for a decent brokerage with full-fledged support of decent quality service.

    For a detailed calculation of brokerage & other charges, check out our Karvy Brokerage Calculator.

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    Karvy Charges

    The Karvy Group not only levies brokerage charges from its investors, but it has also customized other charges or fees as per the minimal market stock value. Here is the quick list of other charges given below:

    Other Charges
    Transaction Charges 0.00325% of Total Turnnover
    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 other charges customized by the company will never affect your investment portfolio or portfolio performance.

    The company charges 0.00325% of total turnover as transaction charges, 0.0126% as STT charges, 0.0002% of total turnover as SEBI turnover charges, and stamp duty charges relying entirely on the state.

    However, the GST charges are 18% of the total brokerage and transaction charges. Transaction charges levied by Karvy vary significantly from one instrument to another.

    The broker doesn’t do anything against Call & Trade charges. Apart from that, Harvey levies Rs. Fifty-three charges on dematerialization, and Rs. 25 dematerialization charges for every 100 shares or part of it.

    Such as, you pay the lowest 0.05% on Premium in Options Trading and the highest 0.00325% in Equity Delivery. Moreover, the broker charges 0.03% of the value of the pledge (in all Creation/closure/confirmation/invocations).

    Per failed instruction, the broker may charge Rs. 100 – Rs. 1000 from users.

    To know in detail, just click on this link Karvy Brokerage & Other Charges.

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    Karvy Demat Account Opening Charges

    The table provided below is detailing about the opening account charges levied by Karvy Online:

    Demat Services
    Depository Source CDSL
    Account Opening Charges Free
    Demat AMC Charges Rs.500 per Annum
    Trading AMC Charges Free
    Margin Money Zero to Rs.1 lakh
    Offline to Online No

    Karvy Online is a comprehensive financial service-providing company available in the country. It offers diverse financial services for the flexibility of customers and investors.

    Also, it does not charge fees for account opening; it only charges a yearly amount of Rs.500 for the demat account maintenance.

    Moreover, the margin money ranges between zero to Rs.1 lakh is taken from the investors for collateral and guarantee.

    To know in detail, just click on this link Karvy Demat Account.

    Karvy Offers

    The below table-chart provides the details regarding offers of Karvy:

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

    With best-in-class services and a strong team, Karvy has a trading platform which has everything you desired from your trading partner. Karvy is a highly leading and comprehensive financial products and service offering firm available across India.

    Karvy Review & Brokerage Charges

    The offers available to Karvy users are given below:

    • The Karvy Group allows users to open up a demat account free of cost.
    • It also offers flexible brokerage plans to customers for immense satisfaction.

    The Karvy Group usually has customized the offers entirely according to the customers’ requirements.

    The company does offer detailed trading reports for huge convenience and the satisfaction of the customers. However, the company has a good support team that consistently gets ready to support existing customers.

    It has various branches to quickly resolve their queries by visiting and calling any of its branches. At Minimum brokerage, you access Maximum services by Karvy Group.

    The broker charges 0.1% – 0.5% in equity trading; needless to say, it is the lowest in the industry. You are exposed to many features and trading facilities at such a low brokerage that you adore one of the Best Full-Service Brokers.

    How to open a Demat Account with Karvy Online?

    Usually, opening up a demat and a trading account with Karvy is easy. Anyone can quickly get the demat and trading account open by filling out the lead form.

    Here is the step-by-step process given to open up a demat account with the company:

    • To open up a demat account, you must fill up the lead form accurately.
    • After filling it out appropriately, tap on the submit icon below for successful submission.
    • Once the demat form submission is done, the company executives will call you for further process.
    • After that, you will be required to submit KYC documents including- an aadhar card, pan card, identity card, photograph, age proof, address proof etc.
    • Once the company receives all the necessary documents from you, it will continue with the verification process.
    • After the successful verification, it will give you the confirmation for the demat account opening and login details.

    And after the confirmation, you will be able to use your demat account.

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      Why Open a Karvy Trading Account?

      Opening up a trading account is mandatory because the demat account only safeguards and protects shares. So, for flexible and convenient trading, you need to have an appropriate trading account.

      Here is a quick list of benefits to opening up a Karvy Trading Account are as follows-

      • Karvy Group allows customers to open up a trading account for free and charge AMC for account maintenance.
      • The company also offers flexible trading solutions to experience flexible and versatile trading.
      • The company also helps in offline and online trading things.
      • The best thing is it responds to all the complaints lodged by the customers quickly.

      Karvy Products & Services

      Here are the various products & services provided by the stockbroker.

      Karvy Products

      The table given below shows the details regarding the Karvy Online Products:

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

      Karvy is the largest stockbroking firm available in India. It provides a qualitative spectrum of financial products and services to all its customers.

      The company offers equity trading products to a great extent to all its users or investors. Products customized according to the needs and requirements help users to trade effectively and raise profit value.

      The Karvy Group usually offers all kinds of financial products and services. It has customized financial products, including- equity trading, commodity trading, currency trading, options, futures, mutual funds and SIP.

      These financial products are personalized based on investors’ requirements that will surely assist in making a good investment decision.

      The stockbroking company typically helps investors to get effective stock research reports and flexible trading solutions to trade effectively anywhere, anytime.

      Most importantly, advisory services and good customer support are provided to the investors for huge convenience.

      Here is a quick list of products offered by the company to its investors are as follows:

      The products mentioned above are customized with quality and affordable rates. People can choose any of the effective products for flexible trading.

      The broking company is also good at providing a lot of customer support which usually makes everything impressive.

      In addition to these products, Karvy Group even allows you to invest in Derivative markets. Aspiring investors even have the option of investing in NCD/Bonds.

      FDs are also available at Karvy. Initial Public Offering is also available, allowing you to find some of the superbly performing start-ups in the industry.

      Karvy Services

      The table given below provides the details regarding the services offered by Karvy Online –

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

      The list of services offered by the Karvy Group to its investors is given below:

      • Demat Services
      • Trading Services
      • Intraday Services
      • IPO Services
      • Stock Recommendations
      • Portfolio Management Services and more.

      The wide-ranging Karvy stockbroking group provides flexible and convenient portfolio management services to all its clients. The company has tailor-made a variety of wealth management services as per the customers’ needs.

      With the help of PMS, customers will easily be able to make convenient and flexible investment decisions on their own. The company offers demat and trading services to provide ease and flexibility to all of its clients.

      The entire support team of the company provides reasonable assistance regarding demat and trading accounts so that people can trade easily anytime.

      Its trading platforms are also customized according to the customers’ requirements. Trading platforms are usually provided to uplift trading performance and enhance profit.

      Other Services

      The company provides services for various securities, including- bonds, shares, commodities, derivatives, equity, currency etc. For huge satisfaction, the broking company has customized flexible brokerage plans.

      The company usually focuses on IPO services, intraday services, trading services, demat account services, stock recommendations, and PMS.

      Moreover, the company offers professional assistance to customers for huge convenience and flexibility. A few additional services by Karvy are also notable in the mainstream.

      Such as the Advisory Desk at the Karvy trading platform provides you with tailored solutions for numerous challenges and issues you experience on the way.

      Ask the Expert feature at Karvy to get an answer for your stock or marketing-related queries.

      If you find it hard to reach a fair deal for the investment, go to the advisory desk, as a dedicated support team is available to guide you there.

      If you can’t actively use the trading platform, the broker even has a great SMS/Call N Trade feature available that allows you to invest in your desired asset in one phone call.

      The Online Support Desk and Portfolio Management Services by Karvy leave no room for confusion and problems to arrive during a trading round.

      Karvy Research & Advisory

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

      The Karvy is the most reliable stockbroking group available in the nation.

      It offers all the mandatory reports, including fundamental reports, research reports, company reports, annual reports, company stock reviews, IPO reports, weekly reports, and monthly reports.

      Most importantly, the company provides offline advisory services and relationship management support to customers for more convenience.

      Karvy’s Exposure / Leverage

      Exposure / Leverage
      Equity Delivery 1x
      Equity Intraday Upto 5x
      Equity Futures 1x
      Equity Options 1x
      Currency Futures 1x
      Currency Options 1x
      Commodities 1x

      The Karvy Group offers leverage or exposure up to 5x to all its investors. Moreover, the company provides the highest leverage on equity intraday and equity options.

      Karvy Margin Calculator will help you to calculate how much margin you will get if you invest or trade with Karvy.

      How to Transfer Shares In Karvy From Other Stock Brokers?

      For transferring shares from other brokers to Karvy via offline mode. The steps involved in transferring shares are almost similar for every stockbroker.

      Visit your existing stockbroker and request a DIS Slip. Print this slip and fill it out. Mention Karvy in the asked field as you want to transfer your share to Karvy.

      Submit the slip to your existing broker and wait for a few days for a successful transfer of shares from your former to a futures broker.

      You can even get this process done online via NSDL/ CDSL depository platforms.

      Karvy Trading Platforms

      Karvy Group has been a top-notch financial services company in India for ages. It offers financial and non-financial services to investors for trading.

      Also, it is good at providing effective and seamless trading platforms for easy and flexible trading. Here are some trading platforms provided by the company:

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

      Here are the various Trading Platforms of Karvy Online:

      Karvy Online Trading Platform

      Karvy Web Trading Platform stockbroking group assures easy and flexible trading to the customers. Its online web-based trading platform provides a hassle-free experience to all its users.

      Karvy Online Mobile App

      No other trading platform can be as suitable and flexible as an online mobile application. The online mobile application is one of the best trading platforms of all.

      Karvy Mobile App provides flexible buying and selling of stocks from everywhere. It is suitable for smartphone or android phone users.

      You can make use of this application all the time.

      Karvy Trading Terminal

      Karvy Trading Terminal provides upgraded trading software for easy and simple trading. You can check the detailed pricing of stocks for making a wiser investment decision.

      The software has all that you need during trading.

      Karvy Thematic Basket

      This kind of trading platform assists investors to make an investment in stocks with less risk exposure. It can be the best trading platform for beginners.

      Karvy Offline Trade

      Whether you want to trade offline or online, the company assists in both. You can trade offline with the assistance of Karvy professionals.

      They offer professional support to users and provide tailor-made solutions for all types of queries. If you can’t give much time to online Web Trading, beyond a doubt, the offline trading mode could be the best way to go.

      You can even get more information on it available at the Karvy Mobile Trading app. The offline trading feature, also known as Assisted Trading, allows you to trade assets with a single phone call or SMS.

      However, it is worth noting that all these trades will still be executed on the Desktop/EXE Trading platform by Karvy experts.

      Choose a thematic basket in case you are unclear on the best stock. But Thematic Basket can mitigate the hassles to a great extent if you are still a bit confused about the decision of trading.

      The feature brings a total of 20 stocks to your portfolio, replicating a particular market trend that eliminates the chaos.

      In the end, you will be the decision taker even though you have opted for the assisted trading facility at Karvy.

      Karvy Customer Support

      Customer Support
      Dedicated Dealer Yes
      Offline Trading Yes
      Online Trading Yes
      24*7 Support No
      Email Support Yes
      Chat Support No
      Toll-Free Number 1800 419 8283
      Branches 110

      Karvy provides good customer support to the clients. It avails professionals or experts for support.

      Email support and a toll-free number are also available so that customers can quickly resolve their problems and queries.

      It also has 110 branches all over the country; if customer wants to resolve queries, they can resolve them by visiting any of its branches.

      Karvy Complaints

      Complaints (Current Year)
      Lodged in BSE 210
      Resolved in BSE 185
      Lodged in NSE 165
      Resolved in NSE 143

      According to the above table chart, it seems like the company has resolved most of the complaints quickly. But it needs to receive and resolve all the queries more quickly for customer satisfaction and convenience.

      BSE has received 210 complaints and NSE has received 165 complaints.

      Karvy Online Disadvantages

      The Karvy Group is one of the prominent stockbroking groups available in India.

      So with the benefits, the company has various disadvantages listed below:

      • The company does not enable customers to open up a 3 in 1 account.
      • It does not provide offline to online options for trading.
      • No referral offers and holiday offers are offered to the customers.

      Karvy Conclusion

      Karvy is the topmost stockbroking and financial service-providing group available in India for investors. It offers flexible brokerage plans, financial products and services for ease and flexibility.

      If you are looking for any stock broking house with a reliable trading service, then Karvy should be at the top of your search list.

      Karvy Review – FAQs

      Here is the list of FAQs related to the Karvy review:

      Is Karvy safe for trading?

      Yes, Karvy is safe for trading. It is rated as one of the top 5 financial businesses in the nation and has served more than 70 million invested and 600 corporate groups, making it a dependable and authentic choice.

      What is the brokerage of Karvy?

      Karvy is a full-service broker service. They have two types of brokerage structures, one for retail broking customers and the other for premium customers.

      The brokerage charges range as low as 0.01%-0.03% for equity intraday, commodities options, equity futures and currency futures trading, and as high as 0.1%-0.3% for equity delivery trading.

      How to open Karvy demat online?

      To open up a demat account, you need to accurately fill up the lead form, the pop-up form you see. Once you’ve submitted the demat form, company executives will call you for the further process.

      After the company receives all the necessary documents for KYC from you, they will verify the same and provide approval for an account.

      Can I invest in an IPO via Karvy?

      Yes, you can invest in an IPO via Karvy. For IPOs in BSE and NSE, customers can either apply online and skip the paperwork or submit physical forms at any Karvy branch.

      What Leverage does Karvy provide?

      Karvy provides leverage as high as up to 5x for equity intraday trading and as low as 10X for equity delivery, equity futures and currency options trading.

      A mid-value of up to 1x is offered for equity options, and up to 1x is offered for currency futures and commodities.

      Does Karvy have a trading App?

      Yes, Karvy does have a trading app. The app is suitable for both Android and iOS users, is a convenient option, and has the flexibility needed to allow customers to buy and sell stocks from anywhere on the go.

      How to contact Karvy customer care?

      Karvy has several adept professionals available to assist you with offline and online trading.

      Customer care can be contacted online via email support and offline via either their toll-free number 1800 419 8283 or by visiting one of their 110 branches in the country.

      Does Karvy provide Research?

      Yes, Karvy provides the most reliable Research. Research reports, company reports, IPO reports, company stock reviews etc., are all made available to the customers.

      Is Karvy suitable for Beginners?

      Karvy is an excellent choice for beginners. The company helps its customers, however inexperienced they may be, with weekly, monthly and annual reports to prepare them.

      They also provide offline advisory services and relationship management support to their customers.

      Who Founded Karvy?

      C Parthasarathy established Karvy in 1983 as a comprehensive stock broking house.

      With its headquarters in Hyderabad, today Karvy is a well-developed group providing financial, data processing and data managing services.

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