ICICI Direct Vs Karvy NRI Account Comparison

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

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

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

Expand

ICICI Direct Vs Karvy

  ICICI Direct Karvy
 
ICICI Securities Pvt Ltd. Logo Karvy Stock Broking Ltd Logo
About the Broker ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... Know more about ICICI Securities Pvt 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 NRI Account NRI E-invest
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you.
Expand

ICICI Direct Vs Karvy Charges

  ICICI Direct Karvy
NRI Account Opening Fees ₹4000 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹700 (from 2nd year) ₹420
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Expand

ICICI Direct Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  ICICI Direct Karvy
Account Type NRI Account NRI E-invest
Equity Delivery 0.50% - 1.25% 0.75%
Equity Futures 0.03% - 0.05%
Equity Options ₹70 to ₹95

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges 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%
Expand

ICICI Direct Vs Karvy NRI Account Taxes/Fees

  ICICI Direct 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.
Expand

ICICI Direct Vs Karvy NRI Account Exposure Margin

  ICICI Direct Karvy
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
Expand

ICICI Direct and Karvy NRI Account Feature Comparison

  ICICI Direct Karvy
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features ESOP Trading, PAN Card
Expand

ICICI Direct Vs Karvy NRI Account Review

  ICICI Direct Karvy
  428 Customer Reviews    Rate ICICI Direct 24 Customer Reviews    Rate Karvy
Fees 2.3 2.6
Brokerage 1.7 2.4
Trading Platform 3.4 2.7
Customer Service 2.7 2.2
Overall Rating Rated 2.4 stars Rated 2.0 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 428 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
*

Contact Broker / Request A Call Back

  ICICI Direct Karvy
Contact Broker
*

ICICI Direct Vs Karvy NRI Investment Options

  ICICI Direct Karvy
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance ETF, Bonds, Government securities or treasury bills
Expand

ICICI Direct Vs Karvy NRI Customer Service

  ICICI Direct Karvy
Customer Care Number +91-22-28307780 +91 40 3321 7148
Customer Care Email nri@icicidirect.com nridesk@karvy.com
Expand

ICICI Direct Vs Karvy Order Type Offered for NRI Account

  ICICI Direct Karvy
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
Expand

ICICI Direct Vs Karvy - NRI Account Advantages and Disadvantages

  ICICI Direct Karvy
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  • 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. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  • 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

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

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.

Promo / Offers
Expand

ICICI Direct Vs Karvy - More Reviews

  ICICI Direct Karvy
NRI Trading Review ICICI Direct NRI Account Review Karvy NRI Account Review
Enquire ICICI Direct
Compare
ICICI Direct Vs Zerodha
ICICI Direct Vs HDFC Securities
ICICI Direct Vs Sharekhan
ICICI Direct Vs AxisDirect
ICICI Direct Vs Angel Broking
ICICI Direct Vs Kotak Securities
ICICI Direct Vs Motilal Oswal
ICICI Direct Vs Stoxkart
ICICI Direct Vs IIFL Securities
ICICI Direct Vs SBI Securities
ICICI Direct Vs Geojit
ICICI Direct Vs Religare
ICICI Direct Vs SMC Global
ICICI Direct Vs 5paisa
ICICI Direct Vs Ventura
ICICI Direct Vs Anand Rathi
ICICI Direct Vs Indiabulls
ICICI Direct Vs Aditya Birla Money
ICICI Direct Vs TradingBells
ICICI Direct Vs IDBI Capital
ICICI Direct Vs Tradeplus
ICICI Direct Vs Tradejini
ICICI Direct Vs Alice Blue
ICICI Direct Vs Wisdom Capital
ICICI Direct Vs Finvasia
ICICI Direct Vs Prostocks
ICICI Direct Vs Beeline
ICICI Direct Vs Just Trade
ICICI Direct Vs Compositedge
ICICI Direct Vs Achiievers
ICICI Direct Vs Trustline
ICICI Direct Vs Yes Securities
ICICI Direct Vs Indira Securities
Karvy Vs Zerodha
Karvy Vs HDFC Securities
Karvy Vs Sharekhan
Karvy Vs AxisDirect
Karvy Vs Angel Broking
Karvy Vs Kotak Securities
Karvy Vs Motilal Oswal
Karvy Vs Stoxkart
Karvy Vs IIFL Securities
Karvy Vs SBI Securities
Karvy Vs Geojit
Karvy Vs Religare
Karvy Vs SMC Global
Karvy Vs 5paisa
Karvy Vs Ventura
Karvy Vs Anand Rathi
Karvy Vs Indiabulls
Karvy Vs Aditya Birla Money
Karvy Vs TradingBells
Karvy Vs IDBI Capital
Karvy Vs Tradeplus
Karvy Vs Tradejini
Karvy Vs Alice Blue
Karvy Vs Wisdom Capital
Karvy Vs Finvasia
Karvy Vs Prostocks
Karvy Vs Beeline
Karvy Vs Just Trade
Karvy Vs Compositedge
Karvy Vs Achiievers
Karvy Vs Trustline
Karvy Vs Yes Securities
Karvy Vs Indira Securities







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App