Karvy is one of the well known brokerage firm is based out of Hyderabad and is a part of country’s prominent business group – Karvy Group. It is one of the biggest stockbroking firms who provide core financial services to the customers.
In this article, we will discuss Karvy Review, brokerage charges, trading platforms, demat account, products, services, offers and some other important aspects.
Karvy Customer Ratings & Review
| 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 | ★★★★☆ |
| Customer Reviews | 4117 |
About Karvy Online
| Overview | |
| Company Type | Private |
| Broker Type | Full Service Broker |
| Headquarters | Hyderabad, India |
| Founder | C Parthasarathy |
| Established Year | 1983 |
Karvy is the comprehensive stock broking house available in India since 1983. The company was established by C Parthasarathy and its headquarters are located in Hyderabad, India.
Karvy is a well-diversified group today. The company not only provide the entire spectrum of financial services even also offer data processing and managing systems.
Since the company’s most of the financial services were custom-made for retail businesses, the requirement of building skill as well as scale in the transaction processing area became extremely important.
Moreover, during the highly stressed and critical environment in the segment of financial services, the non-financial services assisted Karvy to bring stability in 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.
The company is serving more than 70 million investors in diverse dimensions and also provides flexible investor services to more than 600 corporate groups, all this has made the best stockbroking company of 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 on enduring customer fundamental all the times with a combination of prominent edge technology and a huge range of corporate offices available in the country.
Open Demat Account with Karvy – Fill up the Form Now!
Karvy Brokerage Charges and Fees
Karvy being a prominent broking house provides wide variety of brokerage offerings. Let’s have a look at their brokerage plans & fee structure.
| Brokerage Charge & 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 |
| Brokerage Calculator | Karvy Brokerage Calculator |
The company provides trading account for no cost & annual maintenance cost of trading account is also zero. While their demat account opening cost is also zero but they charge yearly AMC of Rs.500.
Karvy Brokerage Plans – They have two types of brokerage structure. 1st is for Retail broking customers of low worth & 2nd for premium customers. Let’s check them out here in 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 very good brokerage plan with detailed technical analysis team.
Karvy is very good option for any prospect looking for a decent brokerage with full fledged support of decent quality service.
Find brokerage charges of other Stock Brokers
| Sharekhan | Edelweiss | Indiabulls Ventures | Kotak Securities |
| Angel Broking | HDFC Securities | India Indoline / IIFL | Motilal Oswal |
| Axis Direct | ICICI Direct | 5Paisa | Upstox |
Karvy Charges
The Karvy Group not only levy brokerage charges from its investors even it has also customised some 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 customised 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% of total turnover as STT charges, 0.0002% of total turnover as SEBI turnover charges and stamp duty charges completely rely on the state.
However, the GST charges are 18% of the total brokerage and transaction charges.
Karvy Demat Account Opening Charges
The table provided below is detailing about the account opening charges levied by the 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 |
The Karvy Online is the comprehensive financial service providing company available in the country. It offers diverse financial services for the flexibility of the customers and investors.
It does not charge fees for account opening, only charge 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.
Karvy Offers
The below table-chart is providing the details regarding the offers of Karvy –
| Offers | |
| 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 |
Karvy is one of the highly leading and comprehensive financial products and service offering firm available across India.
The offers available to Karvy users are given below-
- The Karvy Group allow users to open up a demat account for free of cost.
- It is also good at offering flexible brokerage plans to the customers for huge satisfaction.
The Karvy Group has normally customised the offers are completely according to the requirement of the customers. The company do offer detailed trading reports for huge convenience and satisfaction of the customers.
However, the company has a good support team which always get ready to support existing customers. It has various branches across the nation so the customers can easily get their queries resolved by visiting and calling any of its branches.
Find Offers from other Broking Houses
| SBI Smart | Aditya Birla Money | Asit C Mehta Investment | Bonanza Portfolio |
| Narnolia Securities | Alice Blue Online | Astha Trade | Choice Broking |
| Zerodha | Anand Rathi | BMA Wealth Creators | Geojit Finance |
How to open a Demat Account with the Karvy Online?
Normally, opening up a demat as well as a trading account with the Karvy is really easy. Anyone can easily get the demat and trading account open by filling the lead form.
Here is the step by step process given to open up a demat account with the company-
- For opening up a demat account, you require to accurately fill up the lead form. Click Here
- After filling it appropriately, tap on the submit icon given below for the 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- aadhar card, pan card, identity card, photograph, age proof, address proof etc.
- Once the company receive 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 after the confirmation, you will be able to use your demat account.
Why Open a Karvy Trading Account?
Opening up a trading account is mandatory because of the demat account only safeguard and protect shares. So for flexible and convenient trading, you need to have an appropriate trading account.
Here is the quick list of benefits to opening up a trading account with Karvy are as follows-
- Karvy Group allows customers to open up a trading account for free and as does charge AMC for the account maintenance.
- Apart from this, the company offer flexible trading solutions through which customers can 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.
Open Demat Account with Karvy – Fill up the Form Now!
Karvy Products & Services
Here are the various products & services provided by the stock broker.
Karvy Products
The table given below is showing the details regarding the Karvy Online Products –
| 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 is good at providing a qualitative spectrum of financial products and services to all its customers.
The company offers equity trading product to a great extent to all its users or investors. Products customized according to the needs and requirements helps users to trade effectively and raise profit value as well.
The Karvy Group usually offer huge 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 really personalized on the basis of investors requirements that will surely assist in making a good investment decision.
The stockbroking company normally help investors to get effective stock research reports and flexible trading solutions to trade effectively anywhere anytime.
Most importantly, advisory services, as well as good customer support, is provided to the investors for huge convenience. Here is the quick list of products offered by the company to its investors are as follows-
- Equity Trading
- SIP
- Futures
- Options
- Currency Trading
- Commodity Trading etc
The above-mentioned products 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 normally makes all the things impressive.
Karvy Services
The table given below is providing the details regarding the services offered by Karvy Online –
| Services | |
| Demat Services | Yes |
| Trading Services | Yes |
| 3 in 1 Acount | No |
| Intraday Services | Yes |
| IPO Services | Yes |
| Stock Recommendations | Yes |
| Robo Advisory | No |
| PMS | Yes |
| Trading Institution | No |
| Trading Exposure | Upto 20x |
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 provide flexible and convenient portfolio management services to all its clients.
The company tailor-made a variety of wealth management services as per the needs of the customers. With the help of PMS, customers will easily be able to make convenient and flexible investment decisions on their own.
The company offer demat and trading services in order to provide ease and flexibility to all of its clients. The entire support team of the company provide good assistance regarding demat and trading account so that people can trade easily anytime.
It’s trading platforms are also customised according to the requirements of the customers. Trading platforms are usually provided to uplift trading performance and enhance profit as well.
The company to provide services for various securities including- bond, shares, commodity, derivatives, equity, currency etc. For huge satisfaction, the broking company has customised flexible brokerage plans.
The company usually focus on services including, IPO services, intraday services, trading services, demat account services, stock recommendations and PMS. Moreover, the company offer professionals assistance to the customers for huge convenience and flexibility.
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 review, IPO reports, weekly reports and monthly reports.
Most importantly, the company provide offline advisory services and relationship management support to all the customers for more convenience.
Karvy Exposure / Leverage
| Exposure / Leverage | |
| Equity Delivery | Upto 10x |
| Equity Intraday | Upto 20x |
| Equity Futures | Upto 10x |
| Equity Options | Upto 15x |
| Currency Futures | Upto 12x |
| Currency Options | Upto 10x |
| Commodities | Upto 12x |
| Margin Calculator | Karvy Margin Calculator |
The Karvy Group offers leverage or exposure up to 20x to all its investors. Moreover, the company provide the highest leverage on equity intraday and equity options.
Check Margin or Exposure of other stock brokers
| IDBI Direct | KIFS Trade Capital | Nirmal Bang | Prabhudas Lilladher |
| Jhaveri Securities | Mastertrust Capital | NJ Wealth | Profitmart |
| JM Financial | Monarch Networth Capital | Paytm Money | Reliance Securities |
Karvy Trading Platforms
Karvy Group is the top-notch financial services offering company existing in India since 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 Platform | 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 Plaforms of karvy Online –
Karvy Online Trading Platform
Karvy 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 among all.
It 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
It is the upgraded trading software provided by the company for easy and simple trading. The software has all that you need during trading. You can check detailed pricing of stocks for making a wiser investment decision.
Karvy Thematic Basket
This kind of trading platform assists investors to make an investment in stocks pertaining to the less risk exposure. It can be the best trading platform for beginners.
Karvy Offline Trade
No matter you want to trade offline or online, the company assist in both. You can trade offline with the assistance of Karvy professionals. They offer professional support to the users and also provide tailor-made solutions for all types of queries.
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 provide good customer support to the clients. It avails professionals or expertise for support. Email support and a toll-free number is also available so that customers can easily resolve their problem and queries.
It also has 110 branches all over the country, if the customer wants to resolve queries, can resolve by visiting any of the company’s branch.
Karvy Complaints
| Complaints (Current Year) | |
| Lodged in BSE | 210 |
| Resolvd 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.
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 do 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 for having a reliable trading service then Karvy should be in the top of your search list.
Open Demat Account with Karvy – Fill up the Form Now!
Find Reviews of other Stock Brokers
| Religare Securities | Shri Parasram Holdings | Sushil Finance | Ventura Securities |
| SAMCO | Shriram Insight | Swastika Investmart | Way2Wealth |
| SAS Online | SMC Global | Tradebulls | Yes Securities |
Most Read Articles
Karvy charging brokrage on very high rate Kathy must show chart of brokrage itemwise
Can you please share KARVY’s brokerage charges or can you give us just an idea about it..
Who told Karvy is best? I was trading for the past 15 years, last 4 years I didn’t trade so my account was freeze now I tried to activate the account for the past 10 days after giving all documents they told it will take 7 to 10 days.
Dear Hasan,
If you don’t have any collateral in Karvy & you want to start your investment immmediately & don’t want to wait for 10 days, then you can open your account with any other broking house like Angel Broking or Motilal Oswal. You can open your account in just few minutes now via Online KYC Process.
Please suggest me if I can open lifetime free free Demat and trading account. I am a new trader and I don’t want to invest money for opening Demat account. Please tell me if there are companies that provide free Demat account…