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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.

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ICICIDirect Vs Karvy

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
 
ICICI Securities Pvt Ltd. Logo Karvy Stock Broking Ltd Logo
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... Know more about ICICI Securities Pvt 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 BSE, NSE, MCX
Account Type 3-in-1 Account (I-Secure Plan) Retail Brokerage Plan
Broker Enquiry Open an Online Trading Account with ICICIDirect. 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
Number of Branches
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ICICIDirect Vs Karvy Charges

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
Trading Account Opening Fees ₹975 ₹420
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹450 ₹420
Demat Account is Mandatory? No No
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ICICIDirect Vs Karvy Brokerage

Brokerage Plan 1

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
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

Brokerage Plan 2

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
Account Type I-Saver Plan Premium Subscription Plan
Fixed Charges Rs 100000 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 ₹95 to ₹65 per lot ₹10 per lot
Commodity Futures Trading Brokerage NA 0.01%
Commodity Options Trading Brokerage

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
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ICICIDirect Vs Karvy Taxes

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
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)
  • 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 Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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ICICIDirect Vs Karvy Transaction Charges

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
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
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ICICIDirect Vs Karvy Exposure Margin

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
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 NA Upto 4x
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ICICIDirect and Karvy Feature Comparison

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
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
Margin Against Shares (Equity Cash) Yes
Margin Against Shares (Equity F&O) 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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ICICIDirect Vs Karvy Review

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
  400 Customer Reviews    Rate ICICIDirect 21 Customer Reviews    Rate Karvy
Fees Ratings 2.3 2.7
Trading Brokerage Rating 1.7 2.4
Trading Platform Usability 3.4 2.8
Customer Service Ratings 2.8 2.4
Overall Ratings Rated 2.4 stars Rated 2.1 stars
Broker Rating ICICIDirect is Rated 2.4 / 5 based on 400 customer reviews Karvy is Rated 2.1 / 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
Contact / Request Call Back
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ICICIDirect Vs Karvy Investment Options

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
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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ICICIDirect Vs Karvy Customer Service

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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ICICIDirect Vs Karvy Order Type Offered

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes
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ICICIDirect Vs Karvy Research Report

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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ICICIDirect Vs Karvy Suitable For Investor Type

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
Casual Investor Yes Yes
Active Investor
Trader
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ICICIDirect Vs Karvy - Advantages and Disadvantages

  ICICI Securities Pvt Ltd. Karvy Stock Broking Ltd
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...

  1. Offers investment in IPO and Mutual funds
  2. Free research reports
  3. 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...

  1. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. 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.

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