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...
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 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 trading account opening charges is Rs 0 while Karvy account opening changes is Rs 650. ICICI Direct Demat Account AMC Charges is Rs 700 (from 2nd year) and Karvy Demat Account AMC Charges is Rs 420.
ICICI Direct | Karvy | |
---|---|---|
Trading Account Opening Charges | Rs 0 | Rs 650 |
Trading Account AMC Charges | Rs 0 | Rs 0 |
Demat Account Opening Charges | Rs 0 | Rs 0 |
Demat Account AMC Charges | Rs 700 (from 2nd year) | Rs 420 |
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 | Rs 95 to Rs 35 per lot | Rs 30 per lot |
Currency Futures Trading Brokerage | 0.050% to 0.030% | 0.03% |
Currency Options Trading Brokerage | Rs 25 to Rs 10 per lot | Rs 30 per lot |
Commodity Futures Trading Brokerage | NA | 0.03% |
Commodity Options Trading Brokerage | NA | Rs 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 | Karvy | |
---|---|---|
Account Type | I-Saver Plan | Premium Subscription Plan of 100000 |
Fixed Charges | Rs 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 | Rs 95 to Rs 65 per lot | Rs 10 per lot |
Currency Futures Trading Brokerage | 0.05% to 0.03% | 0.01% |
Currency Options Trading Brokerage | 0.25 to Rs 65 per lot | Rs 10 per lot |
Commodity Futures Trading Brokerage | NA | 0.01% |
Commodity Options Trading Brokerage | NA | Rs 10 per lot |
ICICI Direct | Karvy | |
---|---|---|
Account Type | ICICIdirect Prime Plan | Retail Brokerage Plan |
Fixed Charges | Rs 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 | Rs 35 | Rs 30 per lot |
Currency Futures Trading Brokerage | Rs 0 | 0.03% |
Currency Options Trading Brokerage | Rs 0 | Rs 30 per lot |
Commodity Futures Trading Brokerage | NA | 0.03% |
Commodity Options Trading Brokerage | NA | Rs 30 per lot |
Minimum Brokerage Charges | Rs 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 | Rs 25 per call after first 20 free calls per month |
ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Karvy exchange transaction charges for options is Rs 5500.
ICICI Direct | Karvy | |
---|---|---|
Equity Delivery | NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) | Rs 325 |
Equity Intraday | NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) | Rs 325 |
Equity Futures | Rs 180 per Cr (0.0018%) | Rs 230 |
Equity Options | Rs 5000 per Cr (0.05%) (on premium) | Rs 5500 |
Currency Futures | Rs 120 per Cr (0.0012%) | Rs 325 |
Currency Options | Rs 5000 per Cr (0.05%) (on premium) | |
Commodity | NA | Rs 300 |
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 |
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 | ![]() |
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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 | 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 |
ICICI Direct is rated 2.4 of 5 based on 433 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.
ICICI Direct | Karvy | |
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Pros |
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Cons |
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Reviews | ||
Promo / Offers | ICICI 3-in-1 AccountICICI 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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