Geojit Vs Karvy (Compare Geojit and Karvy)

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... Know more about Geojit BNP Paribas


Karvy

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,

Need Help Moving to Another Broker?

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, institutions and individual investors through its wide network of offices. Using their combine account facility one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof. Based in Hyderabad they are among one ... Know more about Karvy Stock Broking Ltd

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Geojit Vs Karvy

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 Karvy
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX-SX BSE, NSE, MCX
Account Type Online Trading Retail Brokerage Plan
Year of Incorporation 1987 1985
Number of Branches 509 575
Broker Enquiry Open an Online Trading Account with Geojit. Leave your contact info and we will get in touch with you.
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Geojit Vs Karvy Charges & AMC

Geojit trading account opening charges is ₹425 while Karvy account opening changes is ₹650. Geojit Demat Account AMC Charges is ₹0 and Karvy Demat Account AMC Charges is ₹420.

  Geojit Karvy
Trading Account Opening Charges ₹425 ₹650
Trading Account AMC Charges NIL ₹0
Demat Account Opening Charges NIL ₹0
Demat Account AMC Charges ₹0 ₹420
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Geojit Vs Karvy Brokerage Charges & Plans

Geojit Vs Karvy Brokerage

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 ₹125 per contract ₹30 per lot
Currency Futures Trading Brokerage 0.03% 0.03%
Currency Options Trading Brokerage ₹125 per contract ₹30 per lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage NA ₹30 per lot
Special Offer

Geojit Vs Karvy Brokerage Plan 2

  Geojit Karvy
Account Type Online Trading Premium Subscription Plan of 100000
Fixed Charges ₹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 ₹125 per contract ₹10 per lot
Currency Futures Trading Brokerage 0.03% 0.01%
Currency Options Trading Brokerage ₹125 per contract ₹10 per lot
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA ₹10 per lot

Geojit Charges Vs Karvy

Minimum Brokerage Charges 1p per share or ₹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
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Geojit Vs Karvy Transaction Charges

Geojit transaction charges for options is ₹5500 per Cr (0.05%) while Karvy exchange transaction charges for options is ₹5500.

  Geojit Karvy
Equity Delivery ₹325 per Cr (0.00325%) ₹325
Equity Intraday ₹325 per Cr (0.00325%) ₹325
Equity Futures ₹210 per Cr (0.0021%) ₹230
Equity Options ₹5500 per Cr (0.05%) ₹5500
Currency Futures ₹145 per Cr (0.00145%) ₹325
Currency Options ₹4730 per Cr (0.0473%) on premium
Commodity NA ₹300
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Geojit Vs Karvy Leverage (Margin)

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
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Compare Geojit and Karvy Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Karvy offers NEST, Karvy Web, Trade Mobile trading software.

  Geojit 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 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
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Geojit Vs Karvy Review

Geojit is rated 3.8 of 5 based on 98 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.

  Geojit Karvy
  98 Customer Reviews    Rate Geojit 24 Customer Reviews    Rate Karvy
Fees 3.7 2.6
Trading Brokerage 3.3 2.4
Trading Platform Usability 4.1 2.7
Customer Service 3.8 2.2
Research Capabilities 3.0
Overall Ratings Rated 3.8 stars Rated 2.0 stars
Broker Rating Geojit is rated 3.8 of 5 based on 98 customer reviews Karvy is rated 2.0 of 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Geojit Enquire Karvy Enquire
Contact Broker

Leave your contact information and we will get in touch with you....

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Geojit Vs Karvy Investment Options

  Geojit Karvy
Stock / Equity Yes Yes
Commodity No Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Insurance
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Geojit Vs Karvy Order Type Offered

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

  Geojit Karvy
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Geojit Vs Karvy Suitable For Investor Type

  Geojit Karvy
Casual Investor Yes
Active Investor Yes
Trader
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Geojit Vs Karvy - Pros and Cons

  Geojit Karvy
Pros
  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
Cons 1. Very high Options trading brokerage charges. Geojit charges ₹125 per contract for Intraday Options and ₹150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of ₹20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional ₹20 per Contract or 5 paisa per share whichever is higher.
  1. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
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