Stoxkart Vs Karvy NRI Account Comparison

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

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

Our Stoxkart by SMC Global Securities Ltd comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best between Stoxkart and Karvy NRI Account.


Stoxkart Vs Karvy

  Stoxkart Karvy
Stoxkart by SMC Global Securities Ltd Logo Karvy Stock Broking Ltd Logo
About the Broker Stoxkart is an online discount stock broker in India. The Delhi based broker offers trading and investment services to both resident and NRIs. Stoxkart offers 2-in-1 accounts to NRIs which includes trading and a demat account linked to each other. It... Know more about Stoxkart by SMC Global Securities 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 E-invest
Broker Enquiry

Stoxkart Vs Karvy Charges

  Stoxkart Karvy
NRI Account Opening Fees ₹590 ₹2500
NRI Account AMC ₹590 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹300 ₹420
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

Stoxkart Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart Karvy
Account Type NRI E-invest
Equity Delivery ₹200 per executed order 0.75%
Equity Futures ₹200 per executed order
Equity Options ₹200 per executed order

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%

Stoxkart Vs Karvy NRI Account Taxes/Fees

  Stoxkart 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.

Stoxkart Vs Karvy NRI Account Exposure Margin

  Stoxkart Karvy
Equity Delivery
Equity Futures
Equity Options

Stoxkart and Karvy NRI Account Feature Comparison

  Stoxkart Karvy
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No Yes
Other Features NRI Account for US and Canada based NRIs ESOP Trading, PAN Card

Stoxkart Vs Karvy NRI Account Review

  Stoxkart Karvy
  1 Customer Reviews    Rate Stoxkart 24 Customer Reviews    Rate Karvy
Fees 3.0 2.6
Brokerage 5.0 2.4
Trading Platform 4.0 2.7
Customer Service 4.0 2.2
Overall Rating Rated 4.0 stars Rated 2.0 stars
Broker Rating Stoxkart is Rated 4.0 / 5 based on 1 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews

Contact Broker / Request A Call Back

  Stoxkart Karvy
Contact Broker

Stoxkart Vs Karvy NRI Investment Options

  Stoxkart Karvy
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Bonds, Government securities or treasury bills

Stoxkart Vs Karvy NRI Customer Service

  Stoxkart Karvy
Customer Care Number +91 40 3321 7148
Customer Care Email

Stoxkart Vs Karvy Order Type Offered for NRI Account

  Stoxkart Karvy
Bracket Order No Yes
Cover Order No Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No

Stoxkart Vs Karvy - NRI Account Advantages and Disadvantages

  Stoxkart Karvy
  1. Good online trading platforms
  2. Charges fixed brokerage of ₹200 per order across segments
  3. Offers POs & Mutual Fund services to NRI customers.
  4. Tie-up with Axis, HDFC, Yes and IndusInd banks for PIS
  5. Services also available for US and Canada based NRIs. Many brokers don't offer services to US and Canada based NRIs due to extra compliance.
  • 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.
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to the Stoxkart trading account before trading.
  • 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.

Stoxkart comes across as a good choice for NRIs looking to invest in stock markets in India. The company offers good proprietary and 3rd party trading platforms and tools. It offers IPO and mutual fund investment services to meet the varied investment needs of NRIs. A simple flat-fee brokerage model of ₹200 per order makes it an attractive proposition for high-volume NRI traders who would have paid a lot more brokerage with a traditional stock broker.

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

Stoxkart Vs Karvy - More Reviews

  Stoxkart Karvy
NRI Trading Review Stoxkart NRI Account Review Karvy NRI Account Review
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