Karvy Vs Trustline NRI Account Comparison

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

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

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

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Karvy Vs Trustline

  Karvy Trustline
 
Karvy Stock Broking Ltd Logo Trustline Securities 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 Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... Know more about Trustline Securities Ltd
Account Type NRI E-invest
Broker Enquiry Open an Online Trading Account with Trustline. Leave your contact info and we will get in touch with you.
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Karvy Vs Trustline Charges

  Karvy Trustline
NRI Account Opening Fees ₹2500 ₹0
NRI Account AMC ₹0 ₹1000 + GST
NRI Demat Account Opening Fees ₹0 Regular: ₹0, Lifetime Free AMC: ₹1000
NRI Demat Account AMC ₹420 Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Karvy Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  Karvy Trustline
Account Type NRI E-invest
Equity Delivery 0.75% 0.03 (3 paise)
Equity Futures 0.30 (30 paise)
Equity Options ₹75 per lot

Other Charges

Contract Note Reporting Charges NA ₹0
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%
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Karvy Vs Trustline NRI Account Taxes/Fees

  Karvy Trustline
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 Trustline NRI Account Exposure Margin

  Karvy Trustline
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.

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Karvy and Trustline NRI Account Feature Comparison

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

  Karvy Trustline
  24 Customer Reviews    Rate Karvy 1 Customer Reviews    Rate Trustline
Fees 2.6 4.0
Brokerage 2.4 3.0
Trading Platform 2.7 4.0
Customer Service 2.2 4.0
Overall Rating Rated 2.0 stars Rated 4.0 stars
Broker Rating Karvy is Rated 2.0 / 5 based on 24 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  Karvy Trustline
Contact Broker
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Karvy Vs Trustline NRI Investment Options

  Karvy Trustline
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 Trustline NRI Customer Service

  Karvy Trustline
Customer Care Number +91 40 3321 7148 (0120) 4613-888
Customer Care Email nridesk@karvy.com helpdesk@trustline.in
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Karvy Vs Trustline Order Type Offered for NRI Account

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

  Karvy Trustline
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.
  • Offers web and mobile app-based NRI trading and investment platform.
  • Charges lower brokerage for investing in equity and equity derivatives.
  • Doesn't have a minimum brokerage charge which is good for small investors.
  • Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
  • Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
  • Trustline works as a clearing and settlement member which reduces the overall cost for investors.
  • Facilitates IPO bidding for resident and non-resident Indian investors.
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.
  • Doesn't offer a 3-in-1 account which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
  • Doesn't offer Bracket Order facility.
  • Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
  • Allows only Axis bank to open NRI bank account.
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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.

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Karvy Vs Trustline - More Reviews

  Karvy Trustline
NRI Trading Review Karvy NRI Account Review Trustline NRI Account Review
Enquire Trustline
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