ICICI Direct Vs Karvy (Compare ICICI Direct and Karvy)

The side-by-side comparison of ICICI Direct and Karvy. Compare ICICI Direct Vs Karvy brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best ICICI Direct vs Karvy?


ICICI Direct
ICICI Direct is a retail trading and investment service from ICICI Securities, the largest retail stock broker firm in India offering a wide range of investment options to the retail and institutional customers. ICICI Securities is part of ICICI Group, India's top financial service provider offering banking and other financial services. ICICI Securities offers 'online trading and investment' services to over 20 lakhs customers through ICICI Direct (ICICIDirect.com). ICICIDirect.com is the flags... Know more about ICICI Securities Pvt Ltd.


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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ICICI Direct Vs Karvy

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 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.

  ICICI Direct Karvy
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Retail Brokerage Plan
Year of Incorporation 2000 1985
Number of Branches 154 575
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs Karvy Charges & AMC

ICICI Direct trading account opening charges is ₹975 while Karvy account opening changes is ₹650. ICICI Direct Demat Account AMC Charges is ₹700 and Karvy Demat Account AMC Charges is ₹420.

  ICICI Direct Karvy
Trading Account Opening Charges ₹975 ₹650
Trading Account AMC Charges ₹0 ₹0
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹700 ₹420
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ICICI Direct Vs Karvy Brokerage Charges & Plans

ICICI Direct Vs Karvy Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is 0.275% whereas Karvy brokerage charges for equity is 0.3% and intraday is 0.03%.

  ICICI Direct Karvy
Account Type 3-in-1 Account (I-Secure Plan) Retail Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.55% 0.3%
Equity Intraday Brokerage 0.275% 0.03%
Equity Futures Brokerage 0.05% to 0.03% 0.03%
Equity Options Brokerage ₹95 to ₹35 per lot ₹30 per lot
Currency Futures Trading Brokerage 0.050% to 0.030% 0.03%
Currency Options Trading Brokerage ₹25 to ₹10 per lot ₹30 per lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage NA ₹30 per lot
Special Offer
Special Offer: Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

ICICI Direct Vs Karvy Brokerage Plan 2

  ICICI Direct Karvy
Account Type I-Saver Plan Premium Subscription Plan of 100000
Fixed Charges ₹100,000 per year
Equity Delivery Brokerage 0.75% to 0.25% 0.1%
Equity Intraday Brokerage 0.75% to 0.25% 0.01%
Equity Futures Brokerage 0.05% to 0.03% 0.01%
Equity Options Brokerage ₹95 to ₹65 per lot ₹10 per lot
Currency Futures Trading Brokerage 0.05% to 0.03% 0.01%
Currency Options Trading Brokerage 0.25 to ₹65 per lot ₹10 per lot
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage NA ₹10 per lot

ICICI Direct Vs Karvy Brokerage Plan 3

  ICICI Direct Karvy
Account Type ICICIdirect Prime Plan Retail Brokerage Plan
Fixed Charges ₹900
Equity Delivery Brokerage 0.25% 0.3%
Equity Intraday Brokerage 0.25% 0.03%
Equity Futures Brokerage 0.025% 0.03%
Equity Options Brokerage ₹35 ₹30 per lot
Currency Futures Trading Brokerage ₹0 0.03%
Currency Options Trading Brokerage ₹0 ₹30 per lot
Commodity Futures Trading Brokerage NA 0.03%
Commodity Options Trading Brokerage NA ₹30 per lot

ICICI Direct Charges Vs Karvy

Minimum Brokerage Charges ₹35 per trade Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Other Brokerage Charges
Call & Trade Charges ₹25 per call after first 20 free calls per month
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ICICI Direct Vs Karvy Transaction Charges

ICICI Direct transaction charges for options is ₹5000 per Cr (0.05%) (on premium) while Karvy exchange transaction charges for options is ₹5500.

  ICICI Direct Karvy
Equity Delivery NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) ₹325
Equity Intraday NSE ₹310 per Cr (0.0031%) | BSE ₹280 per Cr (0.0028%) (each side) ₹325
Equity Futures ₹180 per Cr (0.0018%) ₹230
Equity Options ₹5000 per Cr (0.05%) (on premium) ₹5500
Currency Futures ₹120 per Cr (0.0012%) ₹325
Currency Options ₹5000 per Cr (0.05%) (on premium)
Commodity NA ₹300
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ICICI Direct Vs Karvy Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Karvy margin for intraday cash is Upto 20x.

  ICICI Direct Karvy
Equity Delivery 5x with Interest Upto 5x with 24% interest per year
Equity Intraday Upto 25x Upto 20x
Equity Futures 4x Upto 4x
Equity Options 2x for shorting Upto 4x for shorting
Currency Futures NA Nil
Currency Options NA Nil
Commodity Futures NA Upto 4x
Commodity Options
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Compare ICICI Direct and Karvy Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Karvy offers NEST, Karvy Web, Trade Mobile trading software.

  ICICI Direct Karvy
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App NEST, Karvy Web, Trade Mobile
Intraday Square-off Time 3:30 PM 3:15
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader Ask the expert, The Finapolis
Referral Program
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ICICI Direct Vs Karvy Review

ICICI Direct is rated 2.4 of 5 based on 422 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.

  ICICI Direct Karvy
  422 Customer Reviews    Rate ICICI Direct 24 Customer Reviews    Rate Karvy
Fees 2.3 2.6
Trading Brokerage 1.7 2.4
Trading Platform Usability 3.4 2.7
Customer Service 2.7 2.2
Research Capabilities 3.0
Overall Ratings Rated 2.4 stars Rated 2.0 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 422 customer reviews Karvy is rated 2.0 of 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire Karvy Enquire
Contact Broker

Get ICICI Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. Request a Callback.

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ICICI Direct Vs Karvy Investment Options

  ICICI Direct 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 Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS
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ICICI Direct Vs Karvy Order Type Offered

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

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

  ICICI Direct Karvy
Casual Investor Yes Yes
Active Investor
Trader
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ICICI Direct Vs Karvy - Pros and Cons

  ICICI Direct Karvy
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.
  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
  • ICICI Security charges highest brokerage in comparison to most of the retail broke₹in India.
  • Very high 'minimum brokerage' of ₹35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hou₹of trading.
  • Trading Terminal (Trade Racer) cost ₹75 per month if brokerage paid in a month is less then ₹750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra ₹25 per call after first 20 free calls in a month.
  1. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
Reviews
Promo / Offers

ICICI 3-in-1 Account

ICICI Direct offers a 3-in-1 account, a combination of saving bank, trading and demat account. It offers one-click investment in Equity, Derivatives, Mutual Funds, IPO, ETF, Life Insurance, General Insurance, Currency, and Fixed Deposits.

Interested in opening a trading account? Request Callback from a stock broker.

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ICICI Direct Karvy
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