The side-by-side comparison of Geojit and Karvy. Compare Geojit Vs Karvy brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Geojit vs Karvy?
Geojit
Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf.
Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance.
Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art onl...
Karvy
Alert! 25th Nov 2020 - NSE, BSE terminate Karvy's membership.
Alert! Friday, 22 Nov, 2019 SEBI barred Karvy Stock Broking Ltd. from taking on new clients after finding alleged client fraud. Read SEBI Notice and News for more detail.
Note: Karvy will continue serving their existing clients as they were before. They can trade, manage demat accounts, apply in IPO or close the account anytime. Only the new account opening is prohibited.
Karvy Customers,
Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India.
Geojit trading account opening charges is Rs 425 while Karvy account opening changes is Rs 650. Geojit Demat Account AMC Charges is Rs 0 and Karvy Demat Account AMC Charges is Rs 420.
Geojit | Karvy | |
---|---|---|
Trading Account Opening Charges | Rs 425 | Rs 650 |
Trading Account AMC Charges | NIL | Rs 0 |
Demat Account Opening Charges | NIL | Rs 0 |
Demat Account AMC Charges | Rs 0 | Rs 420 |
Geojit brokerage charges for equity is 0.30% and intraday is 0.03% whereas Karvy brokerage charges for equity is 0.3% and intraday is 0.03%.
Geojit | Karvy | |
---|---|---|
Account Type | Online Trading | Retail Brokerage Plan |
Fixed Charges | ||
Equity Delivery Brokerage | 0.30% | 0.3% |
Equity Intraday Brokerage | 0.03% | 0.03% |
Equity Futures Brokerage | 0.03% | 0.03% |
Equity Options Brokerage | Rs 125 per contract | Rs 30 per lot |
Currency Futures Trading Brokerage | 0.03% | 0.03% |
Currency Options Trading Brokerage | Rs 125 per contract | Rs 30 per lot |
Commodity Futures Trading Brokerage | NA | 0.03% |
Commodity Options Trading Brokerage | NA | Rs 30 per lot |
Special Offer |
Geojit | Karvy | |
---|---|---|
Account Type | Online Trading | Premium Subscription Plan of 100000 |
Fixed Charges | Rs 100,000 per year | |
Equity Delivery Brokerage | 0.30% | 0.1% |
Equity Intraday Brokerage | 0.03% | 0.01% |
Equity Futures Brokerage | 0.03% | 0.01% |
Equity Options Brokerage | Rs 125 per contract | Rs 10 per lot |
Currency Futures Trading Brokerage | 0.03% | 0.01% |
Currency Options Trading Brokerage | Rs 125 per contract | Rs 10 per lot |
Commodity Futures Trading Brokerage | NA | 0.01% |
Commodity Options Trading Brokerage | NA | Rs 10 per lot |
Minimum Brokerage Charges | 1p per share or Rs 20/contract whichever is higher | Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher |
Other Brokerage Charges | ||
Call & Trade Charges |
Geojit transaction charges for options is Rs 5500 per Cr (0.05%) while Karvy exchange transaction charges for options is Rs 5500.
Geojit | Karvy | |
---|---|---|
Equity Delivery | Rs 325 per Cr (0.00325%) | Rs 325 |
Equity Intraday | Rs 325 per Cr (0.00325%) | Rs 325 |
Equity Futures | Rs 210 per Cr (0.0021%) | Rs 230 |
Equity Options | Rs 5500 per Cr (0.05%) | Rs 5500 |
Currency Futures | Rs 145 per Cr (0.00145%) | Rs 325 |
Currency Options | Rs 4730 per Cr (0.0473%) on premium | |
Commodity | NA | Rs 300 |
Geojit provides the margin of Upto 10x for intraday trades whereas the Karvy margin for intraday cash is Upto 20x.
Geojit | Karvy | |
---|---|---|
Equity Delivery | Upto 7x with 22% interest per year | Upto 5x with 24% interest per year |
Equity Intraday | Upto 10x | Upto 20x |
Equity Futures | No additional leverage | Upto 4x |
Equity Options | No additional leverage | Upto 4x for shorting |
Currency Futures | No additional leverage | Nil |
Currency Options | No additional leverage | Nil |
Commodity Futures | NA | Upto 4x |
Commodity Options |
The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Karvy offers NEST, Karvy Web, Trade Mobile trading software.
Geojit | Karvy | |
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3 in 1 Account | ![]() |
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Charting | ![]() |
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Automated Trading | ![]() |
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SMS Alerts | ![]() |
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Online Demo | ![]() |
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Online Portfolio | ![]() |
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Margin Trading Funding Available | ![]() |
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Margin Against Shares (Equity Cash) | ![]() |
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Margin Against Shares (Equity F&O) | ![]() |
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Trading Platform | Selfie Platinum, Selfie Gold, Mobile App | NEST, Karvy Web, Trade Mobile |
Intraday Square-off Time | 3:15 | |
Other Features | Ask the expert, The Finapolis | |
Referral Program |
Geojit is rated 3.7 of 5 based on 99 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.
Geojit | Karvy | |
---|---|---|
Pros |
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Cons | 1. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher. |
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Reviews | ||
Promo / Offers |
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