IIFL Securities Vs Karvy NRI Account Comparison

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

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

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

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IIFL Securities Vs Karvy

  IIFL Securities Karvy
 
IIFL Securities Limited Logo Karvy Stock Broking Ltd Logo
About the Broker IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Limited 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 IIFL Securities. Leave your contact info and we will get in touch with you.
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IIFL Securities Vs Karvy Charges

  IIFL Securities Karvy
NRI Account Opening Fees ₹750 ₹2500
NRI Account AMC ₹400 + GST ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹400 per year ₹420
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IIFL Securities Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  IIFL Securities Karvy
Account Type NRI Account NRI E-invest
Equity Delivery 0.50% 0.75%
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA 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%
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IIFL Securities Vs Karvy NRI Account Taxes/Fees

  IIFL 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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IIFL Securities Vs Karvy NRI Account Exposure Margin

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

  IIFL Securities 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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IIFL Securities Vs Karvy NRI Account Review

  IIFL Securities Karvy
  111 Customer Reviews    Rate IIFL Securities 24 Customer Reviews    Rate Karvy
Fees 2.8 2.6
Brokerage 2.6 2.4
Trading Platform 3.3 2.7
Customer Service 2.7 2.2
Overall Rating Rated 2.7 stars Rated 2.0 stars
Broker Rating IIFL Securities is Rated 2.7 / 5 based on 111 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

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

  IIFL 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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IIFL Securities Vs Karvy NRI Customer Service

  IIFL Securities Karvy
Customer Care Number +91 22 4007 1000 +91 40 3321 7148
Customer Care Email cs@indiainfoline.com nridesk@karvy.com
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IIFL Securities Vs Karvy Order Type Offered for NRI Account

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

  IIFL Securities Karvy
Pros
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
  • 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
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
  • 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

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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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IIFL Securities Vs Karvy - More Reviews

  IIFL Securities Karvy
NRI Trading Review IIFL Securities NRI Account Review Karvy NRI Account Review
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