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The side-by-side comparison of Karvy and Paytm Money. Compare Karvy Vs Paytm Money brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Karvy vs Paytm Money?
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,
Paytm Money
Incorporated in 2017, Paytm Money Limited (commonly known as Paytm Money) is a Bengaluru based discount brokering firm. Paytm Money is a wholly-owned subsidiary of India's largest and leading digital goods and mobile platform, One97 Communications Ltd that also owns the Paytm brand. Paytm is an RBI-approved Indian e-commerce payment system.
Paytm Money is a SEBI registered stockbroker and an Investment Advisor. The company has a depository participant membership of CDSL and is also a member of ...
Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India. Incorporated in 2017, Paytm Money is a Discount Broker. It offers trading at NSE and BSE. It has 1 branches across India.
| Karvy | Paytm Money | |
|---|---|---|
| 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 | 2017 |
| Number of Branches | 575 | 1 |
| Broker Enquiry |
Karvy trading account opening charges is Rs 650 while Paytm Money account opening changes is Rs 200. Karvy Demat Account AMC Charges is Rs 420 and Paytm Money Demat Account AMC Charges is Rs 0 (Free).
| Karvy | Paytm Money | |
|---|---|---|
| Trading Account Opening Charges | Rs 650 | Rs 200 |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 |
| Demat Account AMC Charges | Rs 420 | Rs 0 (Free) |
Karvy brokerage charges for equity is 0.3% and intraday is 0.03% whereas Paytm Money brokerage charges for equity is Rs 0 (Free - Minimum Rs 0.01 per executed order) and intraday is R10 per executed order or 0.05% whichever is lower.
| Karvy | Paytm Money | |
|---|---|---|
| Account Type | Retail Brokerage Plan | Standard Plan |
| Fixed Charges | NA | |
| Equity Delivery Brokerage | 0.3% | Rs 0 (Free - Minimum Rs 0.01 per executed order) |
| Equity Intraday Brokerage | 0.03% | R10 per executed order or 0.05% whichever is lower |
| Equity Futures Brokerage | 0.03% | Rs 10 per executed order |
| Equity Options Brokerage | Rs 30 per lot | Rs 10 per executed order |
| Currency Futures Trading Brokerage | 0.03% | |
| Currency Options Trading Brokerage | Rs 30 per lot | |
| Commodity Futures Trading Brokerage | 0.03% | |
| Commodity Options Trading Brokerage | Rs 30 per lot | |
| Special Offer | Special Offer: Brokerage free equity delivery trading + Flat Rs 10 Intra-day and F&O trades + Rs 0 Demat AMC. Get the offer |
| Karvy | Paytm Money | |
|---|---|---|
| Account Type | Premium Subscription Plan of 100000 | Standard Plan |
| Fixed Charges | Rs 100,000 per year | NA |
| Equity Delivery Brokerage | 0.1% | Rs 0 (Free - Minimum Rs 0.01 per executed order) |
| Equity Intraday Brokerage | 0.01% | R10 per executed order or 0.05% whichever is lower |
| Equity Futures Brokerage | 0.01% | Rs 10 per executed order |
| Equity Options Brokerage | Rs 10 per lot | Rs 10 per executed order |
| Currency Futures Trading Brokerage | 0.01% | |
| Currency Options Trading Brokerage | Rs 10 per lot | |
| Commodity Futures Trading Brokerage | 0.01% | |
| Commodity Options Trading Brokerage | Rs 10 per lot |
| Minimum Brokerage Charges | Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher | Rs 0.01 per executed order on Equity Delivery trades |
| Other Brokerage Charges | Platform Usage Fees - Rs300 p.a; Physical Statements/Documents - ₹300 per request + ₹300 per Courier | |
| Call & Trade Charges | Rs 300 |
Karvy transaction charges for options is Rs 5500 while Paytm Money exchange transaction charges for options is Rs 5,000 per Cr (0.05%).
| Karvy | Paytm Money | |
|---|---|---|
| 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 | Rs 190 per Cr (0.0019%) |
| Equity Options | Rs 5500 | Rs 5,000 per Cr (0.05%) |
| Currency Futures | Rs 325 | |
| Currency Options | ||
| Commodity | Rs 300 |
Karvy provides the margin of Upto 20x for intraday trades whereas the Paytm Money margin for intraday cash is Up to 7.5x (based on the stock).
| Karvy | Paytm Money | |
|---|---|---|
| Equity Delivery | Upto 5x with 24% interest per year | 1x (no margin) |
| Equity Intraday | Upto 20x | Up to 7.5x (based on the stock) |
| Equity Futures | Upto 4x | Intra-day: 3x | Carry forward: 1x (no margin) |
| Equity Options | Upto 4x for shorting | Intra-day (Options Sell): 3x | Carry forward: 1x (no margin) |
| Currency Futures | Nil | |
| Currency Options | Nil | |
| Commodity Futures | Upto 4x | |
| Commodity Options |
The trading platforms offered Karvy include NEST, Karvy Web, Trade Mobile. Paytm Money offers Paytm Money mobile app, Paytm Money website trading software.
| Karvy | Paytm Money | |
|---|---|---|
| 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 | Paytm Money mobile app, Paytm Money website |
| Intraday Square-off Time | 3:15 | 3:15 PM |
| Other Features | Ask the expert, The Finapolis | |
| Referral Program |
Karvy is rated 2.0 of 5 based on 24 customer reviews whereas Paytm Money is rated 3.8 of 5 based on 4 customer reviews.
| Karvy | Paytm Money | |
|---|---|---|
24 Customer Reviews  |
4 Customer Reviews |
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| Broker Rating | Karvy is rated 2.0 of 5 based on 24 customer reviews | Paytm Money is rated 3.8 of 5 based on 4 customer reviews |
| Karvy Enquire | Paytm Money Enquire | |
|---|---|---|
| Contact Broker |
| Karvy | Paytm Money | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| Initial Public Offers (IPO) | |
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| Bond / NCD | |
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| Other Investment Options | NPS Retirement Fund, Digital Fund |
| Karvy | Paytm Money | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
| Karvy | Paytm Money | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Karvy | Paytm Money | |
|---|---|---|
| Casual Investor | |
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| Active Investor | |
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| Trader | |
| Karvy | Paytm Money | |
|---|---|---|
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| Reviews | Paytm Money Limited, commonly known as Paytm Money, is a Bengaluru based online discount broker incorporated in 2017 offering trading and investment services for an entire range of financial products like Equity, Derivatives, Direct Mutual Funds, Digital gold, NPS retirement funds, and IPO. The company also provides investment advisory services by way of offering investment packs for mutual fund investments. The company claims to be a leader and pioneer in low-cost trading. Paytm Money follows a flat fee model. The maximum brokerage charged by the broker is Rs 10 per trade. Paytm Money offers free Equity Delivery trading. Paytm Money is a member of NSE and BSE and has a depository membership with CDSL. Paytm Money charges Rs 200 towards account opening and zero annual maintenance charges for the Demat account. The company offers an online trading platform - Paytm Money on Android, iOS, and website. |
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| Promo / Offers | Free Equity Delivery TradingGet free equity delivery trading (no brokerage) and pay flat Rs 10 brokerage for Intraday and F&O trades. Rs 0 AMC for your demat account. To open an account with Paytm Money, simply Open Online Account or request a callback. |
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