AxisDirect Vs Karvy NRI Account Comparison

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

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

Our Axis Securities comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best between AxisDirect and Karvy NRI Account.

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AxisDirect Vs Karvy

  AxisDirect Karvy
 
Axis Securities Logo Karvy Stock Broking Ltd Logo
About the Broker Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w... Know more about Axis Securities 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 NRI Account NRI E-invest
Broker Enquiry Open an Online Trading Account with AxisDirect. Leave your contact info and we will get in touch with you.
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AxisDirect Vs Karvy Charges

  AxisDirect Karvy
NRI Account Opening Fees ₹2500 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹650 ₹420
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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AxisDirect Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  AxisDirect Karvy
Account Type NRI Account NRI E-invest
Equity Delivery 0.75% 0.75%
Equity Futures 0.05%
Equity Options Intraday: 1p per lot, Carry Forward: ₹10 per lot

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50 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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AxisDirect Vs Karvy NRI Account Taxes/Fees

  AxisDirect 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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AxisDirect Vs Karvy NRI Account Exposure Margin

  AxisDirect Karvy
Equity Delivery
Equity Futures
Equity Options
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AxisDirect and Karvy NRI Account Feature Comparison

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

  AxisDirect Karvy
  61 Customer Reviews    Rate AxisDirect 24 Customer Reviews    Rate Karvy
Fees 2.0 2.6
Brokerage 1.8 2.4
Trading Platform 2.7 2.7
Customer Service 2.3 2.2
Overall Rating Rated 2.1 stars Rated 2.0 stars
Broker Rating AxisDirect is Rated 2.1 / 5 based on 61 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  AxisDirect Karvy
Contact Broker
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AxisDirect Vs Karvy NRI Investment Options

  AxisDirect Karvy
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Bonds, Government securities or treasury bills
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AxisDirect Vs Karvy NRI Customer Service

  AxisDirect Karvy
Customer Care Number +91 22 4257 0809 +91 40 3321 7148
Customer Care Email nridesk@karvy.com
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AxisDirect Vs Karvy Order Type Offered for NRI Account

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

  AxisDirect Karvy
Pros
  1. Offers 4-in-1 account for fast trading experience.
  2. Offers online Mutual Fund, IPO and NCD services.
  3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
  4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
  5. Free trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. GTC and AMO orders.
  8. A subsidiary of the reputed Axis Bank.
  • 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
  1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
  2. Axis does not provide online trading facility to USA based NRI clients.
  • 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

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

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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AxisDirect Vs Karvy - More Reviews

  AxisDirect Karvy
NRI Trading Review AxisDirect NRI Account Review Karvy NRI Account Review
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