Karvy Vs Finvasia NRI Account Comparison

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

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

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

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Karvy Vs Finvasia

  Karvy Finvasia
 
Karvy Stock Broking Ltd Logo Finvasia Securities Pvt Ltd Logo
About the Broker 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 Finvasia offers online trading services to NRIs in equity, mutual funds, IPOs and equity F&O. It offers 2-in-1 account, combining a trading and a demat account, to NRIs to invest in various securities across NSE and BSE. Finvasia is the only broker ... Know more about Finvasia Securities Pvt Ltd
Account Type NRI E-invest NRI Account
Broker Enquiry Open an Online Trading Account with Finvasia. Leave your contact info and we will get in touch with you.
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Karvy Vs Finvasia Charges

  Karvy Finvasia
NRI Account Opening Fees ₹2500 ₹199
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0 (Free)
NRI Demat Account AMC ₹420 ₹0 per year (Lifetime Zero AMC)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Karvy Vs Finvasia NRI Account Brokerage Comparison

Brokerage Plan

  Karvy Finvasia
Account Type NRI E-invest NRI Account
Equity Delivery 0.75% ₹0
Equity Futures ₹0
Equity Options ₹0

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Minimum Brokerage: ₹75 ₹0
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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Karvy Vs Finvasia NRI Account Taxes/Fees

  Karvy Finvasia
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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Karvy Vs Finvasia NRI Account Exposure Margin

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

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

  Karvy Finvasia
  24 Customer Reviews    Rate Karvy 25 Customer Reviews    Rate Finvasia
Fees 2.6 4.6
Brokerage 2.4 4.9
Trading Platform 2.7 3.2
Customer Service 2.2 4.4
Overall Rating Rated 2.0 stars Rated 4.4 stars
Broker Rating Karvy is Rated 2.0 / 5 based on 24 customer reviews Finvasia is Rated 4.4 / 5 based on 25 customer reviews
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Contact Broker / Request A Call Back

  Karvy Finvasia
Contact Broker
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Karvy Vs Finvasia NRI Investment Options

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

  Karvy Finvasia
Customer Care Number +91 40 3321 7148 +91 172 667 0000
Customer Care Email nridesk@karvy.com contactus@finvasia.com
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Karvy Vs Finvasia Order Type Offered for NRI Account

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

  Karvy Finvasia
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.
  • Charges zero brokerage to NRIs on Equity, Derivatives and Mutual Fund.
  • Finvasia is a trading and clearing member. NRIs can save custodial charges given to 3rd party.
  • NRIs get access to many advanced trading platforms. Some are free while others have a subscription fee.
Cons
  • 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.
  • Finvasia charges technology costs to provide access to some of the trading platforms.
  • It doesn't offer 3-in-1 account to NRIs. The NRIs have to open the NRI Bank Account with Yes Bank or Axis Bank.
  • Despite 3+ years in business, many products are yet to be launched i.e. Margin Funding.
Conclusion

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.

Finvasia is an excellent choice for frequent NRI traders as it doesn't change any brokerage fee. The online trading platform it offers is the industry standard. Advance trading tools are also available. It also offers Algo trading platform to NRIs. Finvaisa also provides demat account and clearing services at a very low price. Finvasia has offices in the UK and Canada.

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Karvy Vs Finvasia - More Reviews

  Karvy Finvasia
NRI Trading Review Karvy NRI Account Review Finvasia NRI Account Review
Enquire Finvasia
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