Free Trading + Demat Account

Bonanza Vs Karvy (Compare Bonanza and Karvy)

The side-by-side comparison of Bonanza and Karvy. Compare Bonanza Vs Karvy brokerage, charges, exposure margin, demat account. Read Karvy and Bonanza review.

Find out Bonanza Vs Karvy which is better and Bonanza Vs Karvy which is best.

Our Bonanza Portfolio Ltd comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best between Bonanza and Karvy.


Bonanza Vs Karvy

  Bonanza Karvy
Find more info about broker
Bonanza Portfolio Ltd Logo Karvy Stock Broking Ltd Logo
About the Broker Incorporated in 1994, Bonanza Portfolio Ltd is an Indian financial services and brokerage company with long experience in the capital markets. It offers brokerage services in the areas of equity, indices, and commodity derivatives, as well as provide... Know more about Bonanza Portfolio Ltd Incorporated in 1990, Karvy Stock Broking Ltd (KSBL) is part of KARVY Group; one of India's leading financial services company provides stock broking and research advisory services. They offer Customized investment solutions to corporate, institut... Know more about Karvy Stock Broking Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX, NCDEX, NFO, CDS BSE, NSE, MCX
Account Type Default Plan Retail Brokerage Plan
Broker Enquiry Open an Online Trading Account with Bonanza. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Karvy. Leave your contact info and we will get in touch with you.
Year of Incorporation 1994 1985
Number of Branches 1784 575

Bonanza Vs Karvy Charges

  Bonanza Karvy
Trading Account Opening Fees Nil ₹650
Trading Account AMC Nil ₹0
Demat Account Opening Fees Nil ₹0
Demat Account AMC Rs 250 ₹420
Demat Account is Mandatory? No No

Bonanza Vs Karvy Brokerage

Brokerage Plan 1

  Bonanza Karvy
Account Type Default Plan Retail Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.10% 0.3%
Equity Intraday Brokerage 0.005% 0.03%
Equity Futures Brokerage 0.005% 0.03%
Equity Options Brokerage Rs 15 per Lot ₹30 per lot
Currency Futures Trading Brokerage 0.0025% 0.03%
Currency Options Trading Brokerage Rs 5 per lot ₹30 per lot
Commodity Futures Trading Brokerage 0.004% 0.03%
Commodity Options Trading Brokerage ₹30 per lot

Brokerage Plan 2

  Bonanza Karvy
Account Type Plan 1000 Premium Subscription Plan of 100000
Fixed Charges ₹100,000 per year
Equity Delivery Brokerage 0.1% 0.1%
Equity Intraday Brokerage 0.005% 0.01%
Equity Futures Brokerage 0.005% 0.01%
Equity Options Brokerage 15 per lot ₹10 per lot
Currency Futures Trading Brokerage .0025% 0.01%
Currency Options Trading Brokerage 5 per lot ₹10 per lot
Commodity Futures Trading Brokerage 0.004% 0.01%
Commodity Options Trading Brokerage ₹10 per lot

Brokerage Plan 3

  Bonanza Karvy
Account Type Plan 7500 Retail Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.025% 0.3%
Equity Intraday Brokerage 0.00312% 0.03%
Equity Futures Brokerage 0.00312% 0.03%
Equity Options Brokerage 10 per lot ₹30 per lot
Currency Futures Trading Brokerage 0.0015% 0.03%
Currency Options Trading Brokerage 4 per lot ₹30 per lot
Commodity Futures Trading Brokerage 0.00208% 0.03%
Commodity Options Trading Brokerage ₹30 per lot

Other Charges

Minimum Brokerage Charges Intraday - .0001% and Delivery - .005% Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Other Brokerage Charges
Call & Trade Charges Rs 25 per trade

Bonanza Vs Karvy Taxes

  Bonanza Karvy
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.

Bonanza Vs Karvy Transaction Charges

  Bonanza Karvy
Equity Delivery NSE ₹325 | BSE ₹275 ₹325
Equity Intraday NSE ₹325 | BSE ₹275 ₹325
Equity Futures NSE ₹215 | BSE ₹75 ₹230
Equity Options NSE ₹5750 | BSE ₹3250 ₹5500
Currency Futures NSE ₹135 | BSE ₹29 ₹325
Currency Options NSE ₹4750 | BSE ₹754
Commodity MCX - Non Agri ₹235 | MCX - Agri ₹100 ₹300

Bonanza Vs Karvy Exposure Margin

  Bonanza Karvy
Equity Delivery Upto 10x + Interest Upto 5x with 24% interest per year
Equity Intraday Upto 10x Upto 20x
Equity Futures Upto 3x Upto 4x
Equity Options Upto 2x for shorting Upto 4x for shorting
Currency Futures Upto 2x Nil
Currency Options Upto 2x for shorting Nil
Commodity Futures Upto 3x Upto 4x
Commodity Options

Bonanza and Karvy Feature Comparison

  Bonanza Karvy
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App NEST, Karvy Web, Trade Mobile
Intraday Square-off Time 3:15 3:15
Other Features Ask the expert, The Finapolis
Referral Program

Bonanza Vs Karvy Review

  Bonanza Karvy
  6 Customer Reviews    Rate Bonanza 21 Customer Reviews    Rate Karvy
Fees Ratings 3.2 2.7
Trading Brokerage Rating 3.0 2.4
Trading Platform Usability 3.2 2.8
Customer Service Ratings 3.5 2.4
Overall Ratings Rated 3.3 stars Rated 2.1 stars
Broker Rating Bonanza is Rated 3.3 / 5 based on 6 customer reviews Karvy is Rated 2.1 / 5 based on 21 customer reviews

Contact Broker / Request A Call Back

  Bonanza Enquire Karvy Enquire
Contact Broker

Bonanza Vs Karvy Investment Options

  Bonanza Karvy
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options Insurance

Bonanza Vs Karvy Customer Service

  Bonanza Karvy
24/7 Customer Service No No
Onine Live Chat Yes Yes
Through Branches Yes Yes

Bonanza Vs Karvy Order Type Offered

  Bonanza Karvy
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) Yes
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes

Bonanza Vs Karvy Research Report

  Bonanza Karvy
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

Bonanza Vs Karvy Suitable For Investor Type

  Bonanza Karvy
Casual Investor Yes
Active Investor Yes
Trader Yes

Bonanza Vs Karvy - Advantages and Disadvantages

  Bonanza Karvy
  1. Multiple fee structure to fulfill need of different type of investors.
  2. Offers 2 in 1 account which is Trading cum Demat account
  3. Bonanza offers add-on services like online bidding for IPO and mutual funds

More Advantages...

  1. Pay ₹1200 one time and get life time free AMC demat account
  2. Offers investment in IPO and Mutual funds
  3. Free research reports
  4. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

More Advantages...

  1. Call & trade is charged extra at the rate of Rs 25 per trade.
  2. Bonanza doesn't offer any Referral program.
  3. Customer reported hidden charges and fees which was not explained at the time of account opening.

More Disadvantages...

  1. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers

More Disadvantages...

Promo / Offers

AMC are waived off for the 1st year

Karvy - Zero Account Opening Fee + Up to ₹5500 Brokerage Refund

Open Demat and Trading account with Karvy Stock Broking for free (₹650 waived) and get up to ₹5500 brokerage back based on the brokerage generated for the period of 30 days from account opening.

Interested in opening a trading account? Request Callback from Karvy Stock Broking.

Enquire Bonanza Enquire Karvy
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