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Religare Vs Karvy NRI Account Comparison

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

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

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

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Religare Vs Karvy

  Religare Karvy
 
Religare Logo Karvy Stock Broking Ltd Logo
About the Broker Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds. Religareo... Know more about Religare 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 Religare. Leave your contact info and we will get in touch with you.
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Religare Vs Karvy Charges

  Religare Karvy
NRI Account Opening Fees ₹2500
NRI Account AMC ₹0
NRI Demat Account Opening Fees Nil ₹0
NRI Demat Account AMC ₹400 from second year onward ₹420
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Religare Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  Religare Karvy
Account Type NRI Account NRI E-invest
Equity Delivery 0.75%
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges ODIN Diet: ₹999 per year 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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Religare Vs Karvy NRI Account Taxes/Fees

  Religare 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 ₹15 per Crore ₹15 per 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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Religare Vs Karvy NRI Account Exposure Margin

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

  Religare Karvy
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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Religare Vs Karvy NRI Account Review

  Religare Karvy
  73 Customer Reviews    Rate Religare 24 Customer Reviews    Rate Karvy
Fees 3.2 2.6
Brokerage 3.1 2.4
Trading Platform 3.0 2.7
Customer Service 2.9 2.2
Overall Rating Rated 2.9 stars Rated 2.0 stars
Broker Rating Religare is Rated 2.9 / 5 based on 73 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Religare Karvy
Contact Broker
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Religare Vs Karvy NRI Investment Options

  Religare 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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Religare Vs Karvy NRI Customer Service

  Religare Karvy
Customer Care Number 0120 6130300 +91 40 3321 7148
Customer Care Email wecare@religareonline.com nridesk@karvy.com
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Religare Vs Karvy Order Type Offered for NRI Account

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

  Religare Karvy
Pros
  • Dedicated NRI Invest team and relationship managers to all NRIs.
  • Free research, recommendation and trading tips to NRIs.
  • NRIs can hedge the portfolio risk using futures and options trading facility.
  • Offers Mutual Fund services to NRIs
  • 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
  • Brokerage charges are higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
  • Religare doesn't offer automated trading to the investors.
  • Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank 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.
Conclusion

Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.

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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Religare Vs Karvy - More Reviews

  Religare Karvy
NRI Trading Review Religare NRI Account Review Karvy NRI Account Review
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