5paisa Vs Karvy NRI Account Comparison

The side-by-side comparison of 5paisa and Karvy NRI Account. Compare 5paisa Vs Karvy NRI Account brokerage charges, exposure margin, demat account and AMC. Read Karvy and 5paisa NRI Account reviews.

Find out 5paisa Vs Karvy which is better NRI Trading Account. See 5paisa Vs Karvy which is best NRI Demat Account.

Our 5paisa Capital Ltd comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best between 5paisa and Karvy NRI Account.

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5paisa Vs Karvy

  5paisa Karvy
 
5paisa Capital Ltd Logo Karvy Stock Broking Ltd Logo
About the Broker 5paisa does not offer NRI trading and demat account. As per the company representative on 22nd July 2019, "We wish to inform you that currently we are not offering our services to NRIs, only Resident Indians can open an account with us. ... Know more about 5paisa Capital Ltd Karvy has nearly two decades of experience in providing trading and investment services to NRIs. Non-resident Indians can invest in Equity, Equity SIP, Mutual Funds, NPS, NCD, Bonds, Structured Debenture Products and many more. Karvy is among the top... Know more about Karvy Stock Broking Ltd
Account Type NA NRI E-invest
Broker Enquiry Open an Online Trading Account with 5paisa. Leave your contact info and we will get in touch with you.
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5paisa Vs Karvy Charges

  5paisa Karvy
NRI Account Opening Fees NA ₹2500
NRI Account AMC NA ₹0
NRI Demat Account Opening Fees ₹0 (Free) ₹0
NRI Demat Account AMC ₹540 (charged as ₹45 per traded month) ₹420
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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5paisa Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  5paisa Karvy
Account Type NA NRI E-invest
Equity Delivery NA 0.75%
Equity Futures NA
Equity Options NA

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges NA Minimum Brokerage: ₹75
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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5paisa Vs Karvy NRI Account Taxes/Fees

  5paisa Karvy
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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5paisa Vs Karvy NRI Account Exposure Margin

  5paisa Karvy
Equity Delivery
Equity Futures
Equity Options
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5paisa and Karvy NRI Account Feature Comparison

  5paisa Karvy
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No Yes
Other Features ESOP Trading, PAN Card
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5paisa Vs Karvy NRI Account Review

  5paisa Karvy
  67 Customer Reviews    Rate 5paisa 24 Customer Reviews    Rate Karvy
Fees 3.0 2.6
Brokerage 3.8 2.4
Trading Platform 2.8 2.7
Customer Service 2.1 2.2
Overall Rating Rated 2.7 stars Rated 2.0 stars
Broker Rating 5paisa is Rated 2.7 / 5 based on 67 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  5paisa Karvy
Contact Broker
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5paisa Vs Karvy NRI Investment Options

  5paisa Karvy
Stocks No Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Other Investment Options ETF, Bonds, Government securities or treasury bills
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5paisa Vs Karvy NRI Customer Service

  5paisa Karvy
Customer Care Number NA +91 40 3321 7148
Customer Care Email NA nridesk@karvy.com
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5paisa Vs Karvy Order Type Offered for NRI Account

  5paisa Karvy
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No
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5paisa Vs Karvy - NRI Account Advantages and Disadvantages

  5paisa Karvy
Pros
  • Over 2 decades of experience offering NRI services.
  • Provides ESOP Trading facility.
  • A dedicated and specialized research team.
  • One-stop solution for trading and investing.
  • A team of relationship managers to provide an assisted trading facility.
Cons
  • 5paisa does not offer NRI trading and demat account.
  • It doesn't offer a 3-in-1 account. And, NRIs have to open a separate savings bank account and complete the paperwork.
  • Karvy charges turnover based brokerage at 0.75%. The brokerage charges are higher when compared with fixed-fee brokerage charged by discount brokers like Zerodha and Prostocks. The brokerage charged by Prostocks is ₹100 per order.
Conclusion

5paisa, the 2nd largest discount stock broker in India, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with 5paisa, you have to close it and open a new account with another broker who offers NRI services.

Karvy is a full-service broker that provides stock, derivatives and mutual fund investment. It has a dedicated research team that provides stock recommendations. The Karvy desktop trading platform facilitates a 3D analysis of the stocks to help the investors in making the right investment decision. Karvy also provides relationship manager (RM) assistance to help the NRIs build a strong investment portfolio as per their risk appetite and financial goals.

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