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
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...
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
NSE, BSE, MCX
BSE, NSE, MCX
Account Type
Standard Account
Retail Brokerage Plan
Broker Enquiry
Year of Incorporation
1996
1985
Number of Branches
900
575
Enquire IIFL
Enquire Karvy
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
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 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.
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
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
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
105 Customer Reviews
22 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
IIFL is Rated 2.7 / 5 based on 105 customer reviews Karvy is Rated 2.0 / 5 based on 22 customer reviews
IIFL Vs Karvy Investment Options
IIFL
Karvy
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
IIFL Vs Karvy Customer Service
IIFL
Karvy
24/7 Customer Service
Onine Live Chat
Through Branches
IIFL Vs Karvy Order Type Offered
IIFL
Karvy
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
IIFL Vs Karvy Research Report
IIFL
Karvy
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
IIFL Vs Karvy Suitable For Investor Type
IIFL
Karvy
Casual Investor
Active Investor
Trader
IIFL Vs Karvy - Advantages and Disadvantages
IIFL
Karvy
Pros
4000+ branches in 900+ cities make them your neighborhood broker.
Being a full service broker, they offer wide range of financial products and services.
IIFL offers Systematic Investment Plan in Equity, Commodity and Mutual Fund.
India Infoline Ltd is a publicly traded company listed at BSE and NSE.
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
SMS alerts at additional ₹249 per month
Demat debit charges is 0.05% (Minimum ₹15 - Maximum ₹100) per debit transaction. Demat credit charges is NIL.
India Infoline doesn't provide 3-in-1 account.
More Disadvantages...
Doesn't offer 3 in 1 account
Brokerage rates are negotiable
Higher brokerage compare to discount brokers
More Disadvantages...
Reviews
Promo / Offers
Open IIFL Demat & Trading Account & Save upto ₹1150 ( A/c Opening Charge & 1st year AMC waived off). Get the limited time offer
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.
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