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ICICIDirect Vs Karvy (Compare ICICIDirect and Karvy)

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

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

Our ICICI Securities Pvt Ltd. comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best between ICICIDirect and Karvy.

ICICIDirect Vs Karvy

	ICICIDirect	Karvy
Find more info about broker	Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO	Review FAQs Brokerage Demat Acct Mobile App Account Opening Branches IPO

About the Broker	ICICIdirect 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...	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...
Type of Broker	Full Service Broker	Full Service Broker
Supported Exchnage	BSE, NSE	BSE, NSE, MCX
Account Type	3-in-1 Account (I-Secure Plan)	Retail Brokerage Plan
Broker Enquiry
Year of Incorporation	2000	1985
Number of Branches	154	575

ICICIDirect Vs Karvy Charges

	ICICIDirect	Karvy
Trading Account Opening Fees	₹975	₹650
Trading Account AMC	₹0	₹0
Demat Account Opening Fees	₹0	₹0
Demat Account AMC	₹450	₹420
Demat Account is Mandatory?	No	No

ICICIDirect Vs Karvy Brokerage

Brokerage Plan 1

	ICICIDirect	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

Brokerage Plan 2

	ICICIDirect	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

Brokerage Plan 3

	ICICIDirect	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

Other Charges

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

ICICIDirect Vs Karvy Taxes

ICICIDirect

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)
Currency Futures	Nil
Currency Options	Nil
Commodities	0.01% 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.

ICICIDirect Vs Karvy Transaction Charges

	ICICIDirect	Karvy
Equity Delivery	NSE: 0.0031% \| BSE: 0.0028%	₹325
Equity Intraday	NSE: 0.0031% \| BSE: 0.0028%	₹325
Equity Futures	0.0018%	₹230
Equity Options	0.05% on Premium	₹5500
Currency Futures	0.0012%	₹325
Currency Options	0.05% on Premium
Commodity	NA	₹300

ICICIDirect Vs Karvy Exposure Margin

	ICICIDirect	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

ICICIDirect and Karvy Feature Comparison

	ICICIDirect	Karvy
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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

ICICIDirect Vs Karvy Review

	ICICIDirect	Karvy
	404 Customer Reviews	21 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	ICICIDirect is Rated 2.4 / 5 based on 404 customer reviews	Karvy is Rated 2.1 / 5 based on 21 customer reviews

Contact Broker / Request A Call Back

	ICICIDirect Enquire	Karvy Enquire
Contact Broker	Name Phone # Email City Name State Are you a day trader?	Name Phone # Email City Name State Are you a day trader?

ICICIDirect Vs Karvy Investment Options

	ICICIDirect	Karvy
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

ICICIDirect Vs Karvy Customer Service

	ICICIDirect	Karvy
24/7 Customer Service
Onine Live Chat
Through Branches

ICICIDirect Vs Karvy Order Type Offered

	ICICIDirect	Karvy
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

ICICIDirect Vs Karvy Research Report

	ICICIDirect	Karvy
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

ICICIDirect Vs Karvy Suitable For Investor Type

	ICICIDirect	Karvy
Casual Investor
Active Investor
Trader

ICICIDirect Vs Karvy - Advantages and Disadvantages

ICICIDirect

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.

More Advantages...

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

More Advantages...

Cons

ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
Poor performance of website is reported in peak hours of trading.
Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
Demat Account is mandatory.
Commodity trading is not available for retail investors.
Call & trade cost extra Rs 25 per call after first 20 free calls in a month.

More Disadvantages...

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

More Disadvantages...

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.

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 ICICIDirect

Enquire Karvy

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