Karvy Vs Groww (Compare Karvy and Groww)

The side-by-side comparison of Karvy and Groww. Compare Karvy Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Karvy vs Groww?


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,

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, institutions and individual investors through its wide network of offices. Using their combine account facility one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof. Based in Hyderabad they are among one ... Know more about Karvy Stock Broking Ltd


Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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Karvy Vs Groww

Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Karvy Groww
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE, MCX NSE and BSE
Account Type Retail Brokerage Plan Standard Plan
Year of Incorporation 1985 2016
Number of Branches 575 0
Broker Enquiry
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Karvy Vs Groww Charges & AMC

Karvy trading account opening charges is Rs 650 while Groww account opening changes is Rs 0. Karvy Demat Account AMC Charges is Rs 420 and Groww Demat Account AMC Charges is Rs 0.

  Karvy Groww
Trading Account Opening Charges Rs 650 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 420 Rs 0
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Karvy Vs Groww Brokerage Charges & Plans

Karvy Vs Groww Brokerage

Karvy brokerage charges for equity is 0.3% and intraday is 0.03% whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

  Karvy Groww
Account Type Retail Brokerage Plan Standard Plan
Fixed Charges NA
Equity Delivery Brokerage 0.3% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage 0.03% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.03% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Brokerage Rs 30 per lot Rs 20 per executed order
Currency Futures Trading Brokerage 0.03% NA
Currency Options Trading Brokerage Rs 30 per lot NA
Commodity Futures Trading Brokerage 0.03% NA
Commodity Options Trading Brokerage Rs 30 per lot NA
Special Offer

Karvy Vs Groww Brokerage Plan 2

  Karvy Groww
Account Type Premium Subscription Plan of 100000 Standard Plan
Fixed Charges Rs 100,000 per year NA
Equity Delivery Brokerage 0.1% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage 0.01% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.01% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Brokerage Rs 10 per lot Rs 20 per executed order
Currency Futures Trading Brokerage 0.01% NA
Currency Options Trading Brokerage Rs 10 per lot NA
Commodity Futures Trading Brokerage 0.01% NA
Commodity Options Trading Brokerage Rs 10 per lot NA

Karvy Charges Vs Groww

Minimum Brokerage Charges Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher Rs 20 or 0.05% per executed order
Other Brokerage Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges NA
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Karvy Vs Groww Transaction Charges

Karvy transaction charges for options is Rs 5500 while Groww exchange transaction charges for options is NA.

  Karvy Groww
Equity Delivery Rs 325 NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 230 NA
Equity Options Rs 5500 NA
Currency Futures Rs 325 NA
Currency Options NA
Commodity Rs 300 NA
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Karvy Vs Groww Leverage (Margin)

Karvy provides the margin of Upto 20x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  Karvy Groww
Equity Delivery Upto 5x with 24% interest per year 1x (no margin)
Equity Intraday Upto 20x Up to 8x (based on the stock)
Equity Futures Upto 4x NA
Equity Options Upto 4x for shorting NA
Currency Futures Nil NA
Currency Options Nil NA
Commodity Futures Upto 4x NA
Commodity Options NA
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Compare Karvy and Groww Features

The trading platforms offered Karvy include NEST, Karvy Web, Trade Mobile. Groww offers Groww trading software.

  Karvy Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform NEST, Karvy Web, Trade Mobile Groww
Intraday Square-off Time 3:15 3:10 PM
Other Features Ask the expert, The Finapolis
Referral Program
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Karvy Vs Groww Review

Karvy is rated 2.0 of 5 based on 24 customer reviews whereas Groww is rated 3.9 of 5 based on 9 customer reviews.

  Karvy Groww
  24 Customer Reviews    Rate Karvy 9 Customer Reviews    Rate Groww
Fees 2.6 4.3
Trading Brokerage 2.4 4.3
Trading Platform Usability 2.7 3.7
Customer Service 2.2 3.6
Research Capabilities 2.2
Overall Ratings Rated 2.0 stars Rated 3.9 stars
Broker Rating Karvy is rated 2.0 of 5 based on 24 customer reviews Groww is rated 3.9 of 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  Karvy Enquire Groww Enquire
Contact Broker
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Karvy Vs Groww Investment Options

  Karvy Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits
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Karvy Vs Groww Order Type Offered

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

  Karvy Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Karvy Vs Groww Suitable For Investor Type

  Karvy Groww
Casual Investor Yes Yes
Active Investor
Trader
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Karvy Vs Groww - Pros and Cons

  Karvy Groww
Pros
  1. Pay Rs 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
Cons
  1. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
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