Karvy Brokerage Charges, Fees, AMC, Transaction Charges 2021


-99.15% 2,064 Clients

Alert! 25th Nov 2020 - NSE, BSE terminate Karvy's membership.

Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.

Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.

Karvy Customers,

Need Help Moving to Another Broker?

Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services. They offer Customized investment solutions to corporate, institutions and individual investors through its wide network of offices. Using their combine account facil... Know more about Karvy Stock Broking Ltd

Karvy Account Charges

Karvy offers stock trading account and Demat account services. Customer pays the fees, commission and taxes while trading with Karvy. Karvy fee structure and trading commission rates are explained as below.

To open Karvy account you have to pay account opening charges and annual maintenance charges (AMC).

Karvy Account Open Charges | Karvy AMC 2021

TransactionFee
Trading Account Opening Charges (One Time)Rs 650
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs 0
Demat Account Opening Charges (One Time)Rs 0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs 420

Karvy Brokerage Charges 2021

Customer pays a commission (brokerage) when buying or selling stocks through Karvy. The brokerage charges for equity, commodities and currency derivative trading for Karvy are explained as below.

Karvy Retail Brokerage Plan

SegmentBrokerage Fee
Monthly Fee (Fixed)
Equity Delivery0.3%
Equity Intraday0.03%
Equity Futures0.03%
Equity OptionsRs 30 per lot
Currency Futures0.03%
Currency OptionsRs 30 per lot
Commodity Futures0.03%
Commodity OptionsRs 30 per lot

Karvy Premium Subscription Plan of 100000

SegmentBrokerage Fee
Monthly Fee (Fixed)Rs 100,000 per year
Equity Delivery0.1%
Equity Intraday0.01%
Equity Futures0.01%
Equity OptionsRs 10 per lot
Currency Futures0.01%
Currency OptionsRs 10 per lot
Commodity Futures0.01%
Commodity OptionsRs 10 per lot

Karvy Demat Account Charges 2021

The Demat account transactions are charged separately from the trading commission. Find Karvy Demat account charges 2021.

Karvy Depository Service Charges

For Resident Retail Customers and Corporates
Particulars Charges
Account Opening Fee Nil
Closure of Account Nil
First Year AMC Nil
Annual Maintenance Charges Rs 500
Transaction Charges (Debit) Rs 12 per instruction (CDSL)
Demat Charges Rs 5 per certificate + Courier Charges Rs 40
Remit Charges Rs 20 for every 100 securities or Rs 20 per certificate whichever is higher
Pledge Creation 0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction
Pledge Closure 0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction
Pledge Invocation 0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction
Failed instruction charges Rs 100 Per instruction
Other Charges 1. Rs 100 per Demat Rejection
2. Rs 100 per Client Modification Request
3. Rs 100 per DIS Lost Request
4. Rs 100 per request for physical statements

Karvy Transaction Charges (Exchange Turnover Charge)

A combination of Exchange Turnover Charge and Trade Clearing Charge. Know more about Transaction Charges .

Karvy Transaction Charges 2021

SegmentTransaction Fee
Equity DeliveryRs 325
Equity IntradayRs 325
Equity FuturesRs 230
Equity OptionsRs 5500
Currency FuturesRs 325
Currency Options
CommodityRs 300

Karvy Trading Taxes

Karvy charges government taxes and fees in addition to the brokerage. These Karvy trading taxes are shows in the contract note sent to the customer at the end of the day. The below table can be used for the Karvy tax calculation.

Karvy Tax on Trading

Tax KarvyRates

Securities Transaction Tax (STT)

  • Equity Delivery: 0.1% on both Buy and Sell
  • Equity Intraday: 0.025% on the Sell Side
  • Equity Futures: 0.01% on Sell Side
  • Equity Options: 0.05% on Sell Side(on Premium)
  • Commodity Futures: 0.01% on sell side (Non-Agri)
  • Commodity Options: 0.05% on sell side
  • Currency F&O: No STT
  • On Exercise transaction: 0.125%
  • Right to entitlement: 0.05% on sell side

Exchange Transaction Charges

Refer table above

GST

18% on (Brokerage + Transaction Charge + SEBI Fee)

SEBI Charges

0.00005% (₹5/Crore)

Stamp Duty

(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.

Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)

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Karvy Competitors Review

Information on this page was last updated on Saturday, June 6, 2020


2 Comments

Vinod Menon
2. Vinod Menon  Dec 25, 2019 08:07 I Like It. | Report Abuse Reply 0
Fraud COmpany Karvy pledging Customers Shares with HDFC, Bajaj Finance, and Axis Bank. don't take these banks also as good ones they are also Fraud guys. Guys please close account from Karvy or Karvy should compensate all clients by Paying Rs. 10000
Babu Lal gupta
1. Babu Lal gupta  Apr 5, 2019 15:12 I Like It. | Report Abuse Reply 0
if i purchase 5000 shares of 80 paise rate what will be commission brokerage








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