Karvy Vs Indira Securities (Compare Karvy and Indira Securities)

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


Karvy

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


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira Securities Pvt Ltd

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Karvy Vs Indira Securities

Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India. Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India.

  Karvy Indira Securities
Type of Broker Full Service Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX and NCDEX
Account Type Retail Brokerage Plan Traditional Plan
Year of Incorporation 1985 1987
Number of Branches 575 335
Broker Enquiry
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Karvy Vs Indira Securities Charges & AMC

Karvy trading account opening charges is ₹650 while Indira Securities account opening changes is ₹0 (Free). Karvy Demat Account AMC Charges is ₹420 and Indira Securities Demat Account AMC Charges is ₹450 (Free for 1st year).

  Karvy Indira Securities
Trading Account Opening Charges ₹650 ₹0 (Free)
Trading Account AMC Charges ₹0 ₹0 (Free)
Demat Account Opening Charges ₹0 ₹0 (Free)
Demat Account AMC Charges ₹420 ₹450 (Free for 1st year)
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Karvy Vs Indira Securities Brokerage Charges & Plans

Karvy Vs Indira Securities Brokerage

Karvy brokerage charges for equity is 0.3% and intraday is 0.03% whereas Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01%.

  Karvy Indira Securities
Account Type Retail Brokerage Plan Traditional Plan
Fixed Charges
Equity Delivery Brokerage 0.3% 0.10%
Equity Intraday Brokerage 0.03% 0.01%
Equity Futures Brokerage 0.03% 0.01%
Equity Options Brokerage ₹30 per lot ₹25 per lot (both side)
Currency Futures Trading Brokerage 0.03% 0.01%
Currency Options Trading Brokerage ₹30 per lot ₹25 per lot (both side)
Commodity Futures Trading Brokerage 0.03% 0.01%
Commodity Options Trading Brokerage ₹30 per lot ₹25 per lot (both side)
Special Offer
Special Offer: FREE Account Opening (₹650 waived) + Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

Karvy Vs Indira Securities Brokerage Plan 2

  Karvy Indira Securities
Account Type Premium Subscription Plan of 100000 Discount Brokerage Plan
Fixed Charges ₹100,000 per year NA
Equity Delivery Brokerage 0.1% ₹20 per executed order
Equity Intraday Brokerage 0.01% ₹20 per executed order
Equity Futures Brokerage 0.01% ₹20 per executed order
Equity Options Brokerage ₹10 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.01% ₹20 per executed order
Currency Options Trading Brokerage ₹10 per lot ₹20 per executed order
Commodity Futures Trading Brokerage 0.01% ₹20 per executed order
Commodity Options Trading Brokerage ₹10 per lot ₹20 per executed order

Karvy Charges Vs Indira Securities

Minimum Brokerage Charges Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher ₹20 per executed order
Other Brokerage Charges
Call & Trade Charges ₹0 (Free)
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Karvy Vs Indira Securities Transaction Charges

Karvy transaction charges for options is ₹5500 while Indira Securities exchange transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium).

  Karvy Indira Securities
Equity Delivery ₹325 NSE ₹325 per Cr (0.00325%)
Equity Intraday ₹325 NSE ₹325 per Cr (0.00325%)
Equity Futures ₹230 NSE ₹190 per Cr (0.0019%)
Equity Options ₹5500 NSE ₹5000 per Cr (0.05%) (on premium)
Currency Futures ₹325 NSE ₹120 per Cr (0.0012%)
Currency Options NSE ₹500 per Cr (0.005%) (on premium)
Commodity ₹300 Non-Agri: ₹260 per Cr (0.0026%) | Agri: ₹600 per Cr (0.006%)
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Karvy Vs Indira Securities Leverage (Margin)

Karvy provides the margin of Upto 20x for intraday trades whereas the Indira Securities margin for intraday cash is Up to 10x (based on the stock).

  Karvy Indira Securities
Equity Delivery Upto 5x with 24% interest per year 1x (no margin)
Equity Intraday Upto 20x Up to 10x (based on the stock)
Equity Futures Upto 4x Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Equity Options Upto 4x for shorting 1x (no margin)
Currency Futures Nil Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Currency Options Nil 1x (no margin)
Commodity Futures Upto 4x Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)
Commodity Options 1x (no margin)
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Compare Karvy and Indira Securities Features

The trading platforms offered Karvy include NEST, Karvy Web, Trade Mobile. Indira Securities offers ODIN trading software.

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

Karvy is rated 2.0 of 5 based on 24 customer reviews whereas Indira Securities is rated 4.0 of 5 based on 1 customer reviews.

  Karvy Indira Securities
  24 Customer Reviews    Rate Karvy 1 Customer Reviews    Rate Indira Securities
Fees 2.6 2.0
Trading Brokerage 2.4 5.0
Trading Platform Usability 2.7 4.0
Customer Service 2.2 4.0
Research Capabilities 5.0
Overall Ratings Rated 2.0 stars Rated 4.0 stars
Broker Rating Karvy is rated 2.0 of 5 based on 24 customer reviews Indira Securities is rated 4.0 of 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  Karvy Enquire Indira Securities Enquire
Contact Broker
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Karvy Vs Indira Securities Investment Options

  Karvy Indira Securities
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options
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Karvy Vs Indira Securities Order Type Offered

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

  Karvy Indira Securities
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Karvy Vs Indira Securities Suitable For Investor Type

  Karvy Indira Securities
Casual Investor Yes
Active Investor Yes
Trader Yes
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Karvy Vs Indira Securities - Pros and Cons

  Karvy Indira Securities
Pros
  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
  • Full-service broker offering discount brokerage plan.
  • Relationship manager even for online customers.
  • Offers ODIN as trading platform.
  • Investment in mutual fund for free.
  • Pan India presence with hundreds of branches, and business partners.
  • No charges for Call & Trade and Auto Square-off.
Cons
  1. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
  1. Flat-rate brokerage plans (₹20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
Reviews
Promo / Offers

Free Equity Delivery Trading

Get FREE equity delivery trading and pay flat ₹20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM. To open an online paperless account, visit Indira Securities Website

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Karvy Indira Securities
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