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SMC Global Vs Karvy Demat Account Comparison

The side-by-side comparison of SMC Global and Karvy Demat Account. Compare SMC Global Vs Karvy Demat account charges, AMC and Fees. Read Karvy and SMC Global demat account review.

Find out SMC Global Vs Karvy which is better demat account and SMC Global Vs Karvy which is best demat account.

Our SMC Global Limited demat account comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best demat between SMC Global and Karvy.

SMC Global Vs Karvy

  SMC Global Limited Karvy Stock Broking Ltd
SMC Global Limited Logo Karvy Stock Broking Ltd Logo
About the Broker

SMC is a leading financial service provider in India offering services across brokerage, investment banking, wealth management, financing, depository services, insurance broking, clearing services, mortgage advisory and real estate advisory to corporate, institutional, high net worth individuals and other retail clients.

SMC India has customer base of over 16 lakhs customers and 50 branches & 2400+ registered sub brokers and authorized persons spread across 500+ cities.

Karvy Stock Broking Limited is part of Karvy Group, a Hyderabad based financial service provider offering wide range of services to retail and institutional customers across India. Karvy’s financial services business is ranked among the top-five in the country across its business segments.

Karvyonline is the flagship portal of Karvy Stock Broking Ltd for online trading and investing. Karvy Online offer equity and commodity trading at BSE, NSE, MCX, NCDEX, NMCE and ICEX.

DP ID 12019100 12014400
Contact Info

17, Netaji Subhash Marg,
Opp. Golcha Cinema, Daryaganj,
New Delhi, Delhi, India 110002

Karvy Millennium, Plot No 31,
P Nanakram Guda Gachibowli,
Hyderabad, Andhra Pradesh, India 500032

Services Offered

Broking (Equity, Commodity & Currency Derivatives) at BSE, NSE and MCX, Mutual Funds & IPO, NBFC, Online Trading, Wealth Management, Investment Banking, Insurance, Real Estate, Research, Depository Participant CDSL & NSDL

  • Equity Broking Services
  • Depository Participant Services
  • Distribution of Financial Products
  • Currency Derivatives
  • Wealth Management Services
  • Portfolio Management Services
  • Karvy Fortune
  • Investment Banking
  • Commodities Broking
  • Non - Banking Financial Service
  • Realty Services
  • Registry Services
  • Forex & Currencies
  • Insurance Repository
Demat Account Enquiry Open Demat Account Online Open Demat Account Online

SMC Global Vs Karvy Demat Account Opening Charges

  SMC Global Limited Karvy Stock Broking Ltd
Demat Account Opening Fee

Nil.

Nil

Demat Account AMC
  • Individual Client
    • General AMC Scheme: Rs 300 P.A. (POA Clients), Rs 350 P.A. (Non POA Clients)
    • Onetime Yearly AMC Scheme: Rs 1000 P.A.(POA Clients), Rs 1300 P.A. (Non POA Clients)
    • No AMC Scheme: Rs 3000 Refundable Deposit
  • Corporate Clients: Rs 1000 P.A.
  • Individuals Account (other than NRI): Rs 500 per year
  • NRI Account: Rs 1500 per year
  • Corporate Account: Rs 5,000 per year
  • Foreign Corporate Body Account: Rs 10,000 per year
Advance Deposit

Nil

SMC Global Vs Karvy Demat Charges

  SMC Global Limited Karvy Stock Broking Ltd
Dematerialisation Charges

Rs 5 Per Certificate (Rs 30 for 1st Certificate) Courier Charges Extra (Rs 25 for Local & Rs 40 for outstation courier)

  • Rs 5 per certificate + Rs 40 for courier charges;
  • For BSDA Accounts: Rs 10 per certificate + Rs 50 courier charges
Rematerialisation Charges

Rs 25 (For one certificate/100 shares) Courier Charges Extra(Rs 25 for Local & Rs 40 for outstation courier)

Rs 20 for every 100 securities or Rs 20 per certificate whichever is higher

Transaction Charges (Credit or Buy)
Transaction Charges (Debit or Sell)
  • On Maket Transaction: Rs 15 (POA Clients), Rs 20 (Non POA clients)
  • Off Market Instruction: 0.03% (subject to Min. Rs 20 & Max. Rs 50 Charges Per instruction)
  • Sold through Karvy (for Karvy POA registered Account): Rs 12 per instruction
  • For all other transactions Rs 30 per instruction upto a value of Rs 30,000 or part thereof, Rs 10 for every additional value of Rs 30,000 or part thereof, subject to Minimum of Rs 30 and Maximum of Rs 1000 per instruction;
  • For BSDA Accounts: Rs 100 per instruction;
  • For Corporate Accounts (including Foreign Corporate Body accounts): 0.04% of the value of securities, Minimum Rs 100 per instructio
Pledge Creation Charges

Rs 60

0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction

Pledge Creation Confirmation Charges

Rs 60

0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction

Pledge Invocation Charges

Rs 30

0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction

Failed Instruction Charges

Rs 20 per instruction

Rs 100 per instruction

Other Charges
  • AMC charged yearly in advance.
  • DIS Book Charges: Rs 30 (20 leafs)
  • Client Modification Charges: Rs 25
  • Security deposit for CDSL 'easiest' facility (optional) is Rs 2,500
  • Rs 100 per Demat Rejection
  • Rs 100 per Client Modification Request
  • Rs 100 per DIS Lost Request
  • Rs 100 per request for physical statements

Contact DP / Request A Call Back

  SMC Global Limited Karvy Stock Broking Ltd
Contact broker for Demat Account related enquires:
  SMC Global Limited Karvy Stock Broking Ltd
Find more info about broker
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Demat Account Related Abbreviations

  • Demat: Demat Account is an online account to hold the shares in electronic form. They are similar to bank account used to hold money.
  • BSDA: Basic Service Demat Account, a type of account which offers limited services at reduced costs.
  • PoA: Power of Attorney, a legal document giving authority to broker to settle the trades though holding in clients demat account.
  • DIS: Delivery Instruction Slip, Similar to conventional cheque book for demat account. Its is used offline demat account transactions.
  • DPC: Delayed Payment Charges
  • Dematerialisation: Process to converting physical certificates to electronic form.
  • Rematerialisation: Process of converting electronic shares to physical certificates.
  • NSDL: National Securities Depository Limited, the 1st central securities depository. It offer services to hold shares in electronic form on behalf of the customer.
  • CDSL: Central Depository Services (India) Limited, the 2nd securities depository. It also offers service to hold shares in electronic form.



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