Karvy Review, Brokerage Charges, Demat Account, Trading Platforms & more

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 Offers


Karvy Customer Ratings & Review

Karvy Ratings
Experience8.3 / 10
Trading Platform8.2 / 10
Product & Services8.1 / 10
Brokerage Charges8.5 / 10
Research8.3 / 10
Overall Rating8.28 / 10
Star Rating★★★★☆
Customer Reviews4117

About Karvy Online

Overview
Company TypePrivate
Broker TypeFull Service Broker
HeadquartersHyderabad, India
FounderC Parthasarathy
Established Year1983

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.


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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 Trading0.1% – 0.3%
Equity Intraday Trading0.01% – 0.03%
Commodity Options Trading0.01% – 0.03%
Equity Futures Trading0.01% – 0.03%
Equity Options TradingRs.10 – Rs.30 per lot
Currency Futures Trading0.01% – 0.03%
Currency Options TradingRs.10 – Rs.30 per lot
Minimum BrokeragePercentage of Transaction
Demat AMC ChargesRs.500 per annum
Trading AMC ChargesFree
Margin MoneyZero to Rs.1 lakh
Brokerage CalculatorKarvy 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.

SegmentRetail PlanPremium Plan
Flat Monthly Fee0 – 1 lakh1 lakh plus
Equity Delivery0.3%0.1%
Equity Intraday0.03%0.01%
Equity Futures0.03%0.01%
Equity OptionsRs.30 per lotRs.10 per lot
Currency Futures0.03%0.01%
Currency OptionsRs.30 per lotRs.10 per lot
Commodity0.03%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.


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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 Charges0.00325% of Total Turnnover
STT0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% 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 SourceCDSL
Account Opening ChargesFree
Demat AMC ChargesRs.500 per Annum
Trading AMC ChargesFree
Margin MoneyZero to Rs.1 lakh
Offline to OnlineNo

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

Karvy is one of the 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 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.


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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-

  1. For opening up a demat account, you require to accurately fill up the lead form. Click Here
  2. After filling it appropriately, tap on the submit icon given below for the successful submission.
  3. Once the demat form submission is done the company executives will call you for further process.
  4. After that, you will be required to submit KYC documents including- aadhar card, pan card, identity card, photograph, age proof, address proof etc.
  5. Once the company receive all the necessary documents from you, it will continue with the verification process.
  6. 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.

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

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 ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsYes
Robo AdvisoryNo
PMSYes
Trading InstitutionNo
Trading ExposureUpto 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 ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsNo
IPO ReportsYes
Top PicksNo
Daily Market ReviewNo
Monthly ReportsYes
Weekly ReportsYes
Offline AdvisoryYes
Relationship ManagerYes

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 DeliveryUpto 10x
Equity IntradayUpto 20x
Equity FuturesUpto 10x
Equity OptionsUpto 15x
Currency FuturesUpto 12x
Currency OptionsUpto 10x
CommoditiesUpto 12x
Margin CalculatorKarvy 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.


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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 – WindowsYes
Desktop Platform – MacYes
Desktop Browser PlatformYes
Mobile Site PlatformYes
Android App PlatformYes
iOS App PlatformYes
Windows App PlatformNo
Other Mobile OS PlatformNo
Real time UpdatesYes
Portfolio DetailsYes
Online MF BuyYes
News FlashYes
Research ReportsYes
Easy InstallationYes
Global IndicesYes
Stock TipsYes
Personalized AdvisoryYes
Interactive ChartsYes
Live MarketsYes
SMS AlertsYes
Email AlertsYes
Multi Account ManagementYes

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 DealerYes
Offline TradingYes
Online TradingYes
24*7 SupportNo
Email SupportYes
Chat SupportNo
Toll Free Number1800 419 8283
Branches110

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 BSE210
Resolvd in BSE185
Lodged in NSE165
Resolved in NSE143

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!

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  1. Open Demat Account

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5 thoughts on “Karvy Review, Brokerage Charges, Demat Account, Trading Platforms & more

  • November 4, 2017 at 22:36
    Permalink

    Karvy charging brokrage on very high rate Kathy must show chart of brokrage itemwise

    Reply
    • June 15, 2019 at 15:55
      Permalink

      Can you please share KARVY’s brokerage charges or can you give us just an idea about it..

      Reply
  • February 15, 2019 at 14:10
    Permalink

    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.

    Reply
    • February 17, 2019 at 20:03
      Permalink

      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.

      Reply
  • July 1, 2019 at 15:08
    Permalink

    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…

    Reply

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