Karvy Review, Brokerage Charges, Demat Account, Trading Platforms & moreLast Updated Date: Dec 01, 2022
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 account, products, services, offers, and other essential aspects.
Table of Contents
- Rating & Review
- Brokerage Charges
- Other Charges
- Account Opening Charges
- Account Opening Process
- Products & Services
- Research & Tips
- Trading Platforms & Apps
- Customer Care
- Open an Account with Karvy Now!
Karvy Ratings & Review by Top10StockBroker
|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|
About Karvy Online
|Broker Type||Full Service Broker|
Karvy caters 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 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 on enduring customer fundamentals 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, a prominent broking house, provides a 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|
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 Options||Rs.30 per lot||Rs.10 per lot|
|Currency Options||Rs.30 per lot||Rs.10 per lot|
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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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:
|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 rely 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/invocation).
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.
Compare Karvy with Other Brokers
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Karvy Demat Account Opening Charges
The table provided below is detailing about the opening account charges levied by Karvy Online:
|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 the 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.
The below table-chart provides the details regarding the 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|
|Zero Brokerage for Loss Making Trades||No|
With best in class services and strong team, Karvy has the 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.
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 the 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 by one of the Best Full-Service Broker.
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 appropriately, tap on the submit icon 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- 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.
Open Demat Account with Karvy – Fill up the Form Now!
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 the quick list of benefits to opening up 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.
The table given below shows the details regarding the Karvy Online Products:
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 helps 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 the quick list of products offered by the company to its investors are as follows:
- Equity Trading
- Currency Trading
- Commodity Trading etc
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 investment 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.
The table given below provides the details regarding the services offered by Karvy Online –
|3 in 1 Acount||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.
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 the customers for huge convenience and flexibility. Few additional services by Karvy are also notable in the mainstream.
Such as, the Advisory Desk at Karvy trading platform provides you 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 on one phone call.
The Online Support Desk and Portfolio Management Services by Karvy leaves no room for confusion and problems to arrive during a trading round.
Karvy Research & Advisory
|Research & Advisory|
|Company Stock Review||Yes|
|Free Stock Tips||No|
|Daily Market Review||No|
The Karvy is the most reliable stockbroking group available in the nation.
Most importantly, the company provides offline advisory services and relationship management support to customers for more convenience.
Karvy Exposure / Leverage
|Exposure / Leverage|
|Equity Intraday||Upto 5x|
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 of 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. 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 future broker.
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:
|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|
|Online MF Buy||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 the 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 on 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 on the decision of trading.
The feature brings a total of 20 stocks in 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
|Toll Free Number||1800 419 8283|
Karvy provides 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 quickly resolve their problems and queries.
It also has 110 branches all over the country; if the customer wants to resolve queries, they can resolve them by visiting any of its branches.
|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 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 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 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 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.
The 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.
Open Demat Account with Karvy – Fill up the Form Now!