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Zerodha Vs Karvy NRI Account Comparison

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

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

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

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Zerodha Vs Karvy

  Zerodha Karvy
 
Zerodha Logo Karvy Stock Broking Ltd Logo
About the Broker Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... Know more about Zerodha 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 Zerodha. Leave your contact info and we will get in touch with you.
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Zerodha Vs Karvy Charges

  Zerodha Karvy
NRI Account Opening Fees ₹500 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC ₹300 ₹420
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Zerodha Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  Zerodha Karvy
Account Type NRI Account NRI E-invest
Equity Delivery ₹200 per executed order 0.75%
Equity Futures ₹100 per executed order
Equity Options ₹100 per executed order

Other Charges

Contract Note Reporting Charges 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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Zerodha Vs Karvy NRI Account Taxes/Fees

  Zerodha 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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Zerodha Vs Karvy NRI Account Exposure Margin

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

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

  Zerodha Karvy
  365 Customer Reviews    Rate Zerodha 24 Customer Reviews    Rate Karvy
Fees 3.8 2.6
Brokerage 4.4 2.4
Trading Platform 3.6 2.7
Customer Service 3.5 2.2
Overall Rating Rated 3.7 stars Rated 2.0 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 365 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Karvy
Contact Broker
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Zerodha Vs Karvy NRI Investment Options

  Zerodha Karvy
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Other Investment Options ETF, Bonds, Government securities or treasury bills
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Zerodha Vs Karvy NRI Customer Service

  Zerodha Karvy
Customer Care Number +91 40 3321 7148
Customer Care Email nridesk@zerodha.com nridesk@karvy.com
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Zerodha Vs Karvy Order Type Offered for NRI Account

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

  Zerodha Karvy
Pros
  1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges ₹200 per order whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for ₹1 lakh, you pay ₹750 with a full-service stock broker whereas Zerodha will charge you ₹200.
  2. India's largest stock broker in terms of active customers.
  3. Offers access to best-in-industry trading software and tools.
  4. Supports HDFC Bank, Axis Bank, and Yes Bank NRI Bank Account.
  • 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. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
  2. Doesn't offer Mutual Funds to NRI customers.
  3. Doesn't provide research reports or analysis.
  • 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

Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, Axis Bank, and Yes Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice 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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