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IIFL Vs Karvy (Compare IIFL and Karvy)

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

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

Our IIFL Securities Limited comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best between IIFL and Karvy.


IIFL Vs Karvy

  IIFL Karvy
Find more info about broker
IIFL Securities Limited Logo Karvy Stock Broking Ltd Logo
About the Broker Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading. IIFL off... Know more about IIFL Securities Limited

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, institut... Know more about Karvy Stock Broking Ltd
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage NSE, BSE, MCX BSE, NSE, MCX
Account Type Standard Account Retail Brokerage Plan
Broker Enquiry Open an Online Trading Account with IIFL. Leave your contact info and we will get in touch with you.
Year of Incorporation 1996 1985
Number of Branches 900 575
Enquire IIFL

IIFL Vs Karvy Charges

  IIFL Karvy
Trading Account Opening Fees ₹750 ₹650
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹555 ₹0
Demat Account AMC ₹ 400 (One time) ₹420
Demat Account is Mandatory? No No

IIFL Vs Karvy Brokerage

Brokerage Plan 1

  IIFL Karvy
Account Type Standard Account Retail Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.3%
Equity Intraday Brokerage 0.05% 0.03%
Equity Futures Brokerage 0.05% 0.03%
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high ₹30 per lot
Currency Futures Trading Brokerage ₹25 per lot 0.03%
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹30 per lot
Commodity Futures Trading Brokerage 0.05% 0.03%
Commodity Options Trading Brokerage ₹30 per lot
Special Offer
Special Offer: Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer

Brokerage Plan 2

  IIFL Karvy
Account Type Standard Account Premium Subscription Plan of 100000
Fixed Charges ₹100,000 per year
Equity Delivery Brokerage 0.50% 0.1%
Equity Intraday Brokerage 0.05% 0.01%
Equity Futures Brokerage 0.05% 0.01%
Equity Options Brokerage 1% of Premium or ₹100 per lot whichever is high ₹10 per lot
Currency Futures Trading Brokerage ₹25 per lot 0.01%
Currency Options Trading Brokerage 1% of Premium or ₹100 per lot whichever is high ₹10 per lot
Commodity Futures Trading Brokerage 0.05% 0.01%
Commodity Options Trading Brokerage ₹10 per lot

Other Charges

Minimum Brokerage Charges ₹0.05 per share Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Other Brokerage Charges Advisory SMS - ₹50 per month
Call & Trade Charges ₹50 per call

IIFL Vs Karvy Taxes

  IIFL Karvy
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% 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.

IIFL Vs Karvy Transaction Charges

  IIFL Karvy
Equity Delivery 0.00325% ₹325
Equity Intraday 0.00325% ₹325
Equity Futures 0.0021% ₹230
Equity Options 0.051% on premium ₹5500
Currency Futures 0.0021% ₹325
Currency Options 0.051% on premium
Commodity 0.0028% ₹300

IIFL Vs Karvy Exposure Margin

  IIFL Karvy
Equity Delivery Upto 3x with 18% interest per year Upto 5x with 24% interest per year
Equity Intraday Upto 20x Upto 20x
Equity Futures Upto 3x Upto 4x
Equity Options 3x for shorting Upto 4x for shorting
Currency Futures Upto 2x Nil
Currency Options 2x for shorting Nil
Commodity Futures Upto 3x Upto 4x
Commodity Options

IIFL and Karvy Feature Comparison

  IIFL Karvy
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes
SMS Alerts Yes 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 TT Exe, TT Web, IIFL Markets NEST, Karvy Web, Trade Mobile
Intraday Square-off Time 3:15
Other Features Market Mantra, Loyalty Points Ask the expert, The Finapolis
Referral Program

IIFL Vs Karvy Review

  IIFL Karvy
  108 Customer Reviews    Rate IIFL 24 Customer Reviews    Rate Karvy
Fees 2.9 2.6
Trading Brokerage 2.6 2.4
Trading Platform Usability 3.3 2.7
Customer Service 2.7 2.2
Research Capabilities 3.0
Overall Ratings Rated 2.7 stars Rated 2.0 stars
Broker Rating IIFL is Rated 2.7 / 5 based on 108 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews

Contact Broker / Request A Call Back

  IIFL Enquire Karvy Enquire
Contact Broker

Open a FREE Demat & Trading Account (Save upto ₹1150). Get the exclusive offer


IIFL Vs Karvy Investment Options

  IIFL Karvy
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes
Debt Yes Yes
Other Investment Options

IIFL Vs Karvy Customer Service

  IIFL Karvy
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes

IIFL Vs Karvy Order Type Offered

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

IIFL Vs Karvy Research Report

  IIFL Karvy
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

IIFL Vs Karvy Suitable For Investor Type

  IIFL Karvy
Casual Investor Yes Yes
Active Investor

IIFL Vs Karvy - Advantages and Disadvantages

  IIFL Karvy
  1. 4000+ branches in 900+ cities make them your neighborhood broker.
  2. Being a full service broker, they offer wide range of financial products and services.
  3. IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
  4. India Infoline Ltd is a publicly traded company listed at BSE and NSE.

More Advantages...

  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

More Advantages...

  1. SMS alerts at additional ₹249 per month
  2. Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
  3. India Infoline doesn't provide 3-in-1 account.

More Disadvantages...

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

More Disadvantages...

Promo / Offers Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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