Kotak Securities Vs Karvy NRI Account Comparison

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

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

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

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Kotak Securities Vs Karvy

  Kotak Securities Karvy
 
Kotak Securities Ltd Logo Karvy Stock Broking Ltd Logo
About the Broker Kotak Securities is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak securities NRI account (NRI 3-in-1 accoun... Know more about Kotak 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 Account NRI E-invest
Broker Enquiry Open an Online Trading Account with Kotak Securities. Leave your contact info and we will get in touch with you.
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Kotak Securities Vs Karvy Charges

  Kotak Securities Karvy
NRI Account Opening Fees ₹3750 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹600 ₹420
PIS Account AMC ₹1000 NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Kotak Securities Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  Kotak Securities Karvy
Account Type NRI Account NRI E-invest
Equity Delivery 1.00% 0.75%
Equity Futures 1.00%
Equity Options 1.00%

Other Charges

Contract Note Reporting Charges ₹0 NA
Other Brokerage Charges Average Quarterly Balance: ₹10000 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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Kotak Securities Vs Karvy NRI Account Taxes/Fees

  Kotak Securities 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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Kotak Securities Vs Karvy NRI Account Exposure Margin

  Kotak Securities Karvy
Equity Delivery
Equity Futures
Equity Options
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Kotak Securities and Karvy NRI Account Feature Comparison

  Kotak Securities 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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Kotak Securities Vs Karvy NRI Account Review

  Kotak Securities Karvy
  158 Customer Reviews    Rate Kotak Securities 24 Customer Reviews    Rate Karvy
Fees 2.4 2.6
Brokerage 2.3 2.4
Trading Platform 3.3 2.7
Customer Service 2.9 2.2
Overall Rating Rated 2.5 stars Rated 2.0 stars
Broker Rating Kotak Securities is Rated 2.5 / 5 based on 158 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Kotak Securities Karvy
Contact Broker
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Kotak Securities Vs Karvy NRI Investment Options

  Kotak Securities 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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Kotak Securities Vs Karvy NRI Customer Service

  Kotak Securities Karvy
Customer Care Number 022 6689 6000, 022 6652 9191 +91 40 3321 7148
Customer Care Email nricustomerservice@kotak.com nridesk@karvy.com
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Kotak Securities Vs Karvy Order Type Offered for NRI Account

  Kotak Securities 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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Kotak Securities Vs Karvy - NRI Account Advantages and Disadvantages

  Kotak Securities Karvy
Pros
  1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
  2. Part of the reputed Kotak group
  3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
  4. AMO and GTC order types make it easy for NRIs to place orders at any time.
  5. A dedicated research team for expert advice and recommendations
  6. Offers a range of advanced online trading platforms and tools.
  7. Offers online mutual fund, IPO and NCD investment facility.
  • 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 brokerage charges are higher in comparison to discount stock brokers like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.
  • 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

Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRI's through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.

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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Kotak Securities Vs Karvy - More Reviews

  Kotak Securities Karvy
NRI Trading Review Kotak Securities NRI Account Review Karvy NRI Account Review
Enquire Kotak Securities
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