Sharekhan Vs Karvy NRI Account Comparison

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

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

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

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Sharekhan Vs Karvy

  Sharekhan Karvy
 
Sharekhan Logo Karvy Stock Broking Ltd Logo
About the Broker Sharekhan, a leading full-service broker in India, offers NRI Stock Trading and Demat accounts to NRI, PIO and OCI customers. Sharekhan offers a 3-in-1 NRI Trading account in partnership with Axis, Indusind, IDBI and HDFC Bank. This account comprises... Know more about Sharekhan 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 Sharekhan NRI Account NRI E-invest
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you.
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Sharekhan Vs Karvy Charges

  Sharekhan Karvy
NRI Account Opening Fees ₹2000 ₹2500
NRI Account AMC ₹3000 ₹0
NRI Demat Account Opening Fees ₹0 (Free) ₹0
NRI Demat Account AMC ₹400 (Free for 1st year) ₹420
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Sharekhan Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  Sharekhan Karvy
Account Type Sharekhan NRI Account NRI E-invest
Equity Delivery 0.50% 0.75%
Equity Futures 0.1% on first leg and 0.02% on second leg
Equity Options ₹250 per contract note

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges PIS Acct AMC: ₹1000 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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Sharekhan Vs Karvy NRI Account Taxes/Fees

  Sharekhan 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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Sharekhan Vs Karvy NRI Account Exposure Margin

  Sharekhan Karvy
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
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Sharekhan and Karvy NRI Account Feature Comparison

  Sharekhan Karvy
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features Call & Trade, Dedicated Relationship Manager, Branch Support ESOP Trading, PAN Card
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Sharekhan Vs Karvy NRI Account Review

  Sharekhan Karvy
  290 Customer Reviews    Rate Sharekhan 24 Customer Reviews    Rate Karvy
Fees 3.0 2.6
Brokerage 2.8 2.4
Trading Platform 3.7 2.7
Customer Service 3.3 2.2
Overall Rating Rated 3.3 stars Rated 2.0 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 290 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Karvy
Contact Broker
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Sharekhan Vs Karvy NRI Investment Options

  Sharekhan Karvy
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options PMS, Wealth Management ETF, Bonds, Government securities or treasury bills
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Sharekhan Vs Karvy NRI Customer Service

  Sharekhan Karvy
Customer Care Number +91 022 6518500 +91 40 3321 7148
Customer Care Email nridesk@sharekhan.com nridesk@karvy.com
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Sharekhan Vs Karvy Order Type Offered for NRI Account

  Sharekhan 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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Sharekhan Vs Karvy - NRI Account Advantages and Disadvantages

  Sharekhan Karvy
Pros
  1. One of the largest stock brokers in India.
  2. Easy trading experience for NRI with 3 in 1 account.
  3. Offers advanced trading platforms in desktop, mobile, and web versions.
  4. Offers online Mutual Funds, IPOs and Bonds.
  5. Offers PMS services for wealth management
  6. A dedicated relationship manager to each NRI customer.
  7. Offers hand holding to beginners in the stock market.
  • 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. 3 in 1 account facility is only available with select banks (Axis, HDFC, IDBI, and Indusind)
  2. Brokerage and account opening charges are higher when compared to other full-service brokers.
  • 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

Sharekhan is a good choice as a stock broker for NRIs. It offers a full range of financial services to NRIs including a hassle-free 3-in-1 trading account, research services, investments in Mutual Funds, IPOs, NCDs and also PMS. GTC and AMO order along with Call & Trade facility help NRIs to place orders in their convenient timings.

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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Sharekhan Vs Karvy - More Reviews

  Sharekhan Karvy
NRI Trading Review Sharekhan NRI Account Review Karvy NRI Account Review
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