The side-by-side comparison of Karvy and Alice Blue. Compare Karvy Vs Alice Blue brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Karvy vs Alice Blue?
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,
Alice Blue
Incorporated in 2006, Alice Blue is a Bangalore based discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue also offers depository service (demat account) through its membership with CDSL.
AliceBlue offers 2 brokerage plans, 'Trade Pro' and 'Freedom 20' to its customers. In the 'Trade Pro' plan, the company charges percentage-based brokerage. Customers have to pay a fixed percentage of the trading value. For intraday trading, a trader has to pay ...
Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India. Incorporated in , Alice Blue is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India.
Karvy trading account opening charges is Rs 650 while Alice Blue account opening changes is Equity Rs 310 | MCX Rs 200 | Rs 500 All segments. Karvy Demat Account AMC Charges is Rs 420 and Alice Blue Demat Account AMC Charges is Rs 400.
Karvy | Alice Blue | |
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Trading Account Opening Charges | Rs 650 | Equity Rs 310 | MCX Rs 200 | Rs 500 All segments |
Trading Account AMC Charges | Rs 0 | Rs 0 |
Demat Account Opening Charges | Rs 0 | Rs 0 |
Demat Account AMC Charges | Rs 420 | Rs 400 |
Karvy brokerage charges for equity is 0.3% and intraday is 0.03% whereas Alice Blue brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per order or 0.01% whichever is lower.
Karvy | Alice Blue | |
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Account Type | Retail Brokerage Plan | Freedom 20 |
Fixed Charges | ||
Equity Delivery Brokerage | 0.3% | Rs 0 (Free) |
Equity Intraday Brokerage | 0.03% | Rs 20 per order or 0.01% whichever is lower |
Equity Futures Brokerage | 0.03% | Rs 20 per order or 0.01% whichever is lower |
Equity Options Brokerage | Rs 30 per lot | Rs 20 per order |
Currency Futures Trading Brokerage | 0.03% | Rs 20 per order or 0.01% whichever is lower |
Currency Options Trading Brokerage | Rs 30 per lot | Rs 10 per order |
Commodity Futures Trading Brokerage | 0.03% | Rs 20 per order or 0.01% whichever is lower |
Commodity Options Trading Brokerage | Rs 30 per lot | Rs 20 per order |
Special Offer | Special Offer: Alice Blue Free equity delivery trading (truly no brokerage) and Flat Rs 20 intranet and F&O trade brokerage. Get the offer |
Karvy | Alice Blue | |
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Account Type | Premium Subscription Plan of 100000 | Trade Pro Plan |
Fixed Charges | Rs 100,000 per year | |
Equity Delivery Brokerage | 0.1% | 0.1% |
Equity Intraday Brokerage | 0.01% | 0.01% |
Equity Futures Brokerage | 0.01% | 0.01% |
Equity Options Brokerage | Rs 10 per lot | Rs 20 per lot |
Currency Futures Trading Brokerage | 0.01% | Rs 10 per lot |
Currency Options Trading Brokerage | Rs 10 per lot | Rs 20 per lot |
Commodity Futures Trading Brokerage | 0.01% | 0.01% |
Commodity Options Trading Brokerage | Rs 10 per lot | Rs 20 per lot |
Minimum Brokerage Charges | Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher | Rs 0 |
Other Brokerage Charges | ||
Call & Trade Charges | Rs 20 per executed order |
Karvy transaction charges for options is Rs 5500 while Alice Blue exchange transaction charges for options is NSE Rs 5300 per Cr (0.053%) | BSE Rs 1 per trade (each side).
Karvy | Alice Blue | |
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Equity Delivery | Rs 325 | NSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (each side) |
Equity Intraday | Rs 325 | NSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (each side) |
Equity Futures | Rs 230 | NSE Rs 210 per Cr (0.0021%) | BSE Rs 1 per trade (each side) |
Equity Options | Rs 5500 | NSE Rs 5300 per Cr (0.053%) | BSE Rs 1 per trade (each side) |
Currency Futures | Rs 325 | NSE Rs 135 per Cr (0.00135%) |
Currency Options | NSE Rs 4400 per Cr (0.044%) (on premium) | |
Commodity | Rs 300 | Non-Agri Rs 360 per Cr (0.0036%) | Agri Rs 275 per Cr (0.00275%) |
Karvy provides the margin of Upto 20x for intraday trades whereas the Alice Blue margin for intraday cash is Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x.
Karvy | Alice Blue | |
---|---|---|
Equity Delivery | Upto 5x with 24% interest per year | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
Equity Intraday | Upto 20x | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
Equity Futures | Upto 4x | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
Equity Options | Upto 4x for shorting | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
Currency Futures | Nil | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
Currency Options | Nil | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
Commodity Futures | Upto 4x | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
Commodity Options |
The trading platforms offered Karvy include NEST, Karvy Web, Trade Mobile. Alice Blue offers Front End: ANT | Back End: Omnesys NEST trading software.
Karvy | Alice Blue | |
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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 | NEST, Karvy Web, Trade Mobile | Front End: ANT | Back End: Omnesys NEST |
Intraday Square-off Time | 3:15 | Equity: 3:15PM |
Other Features | Ask the expert, The Finapolis | |
Referral Program |
Karvy is rated 2.0 of 5 based on 24 customer reviews whereas Alice Blue is rated 3.4 of 5 based on 31 customer reviews.
Karvy | Alice Blue | |
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Pros |
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Cons |
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Reviews | ||
Promo / Offers | Free Equity Delivery TradeGet free equity delivery trading (truly no brokerage) and pay flat Rs 20 intranet and F&O trade brokerage. To open an account with Alice Blue, simply leave your contact information and Alice Blue representatives will call you. |
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