Karvy Vs RMoney (Compare Karvy and RMoney)

Karvy Vs RMoney

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

	Karvy	RMoney
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnages	BSE, NSE, MCX	BSE, NSE, MCX, NCDEX
Account Type	Retail Brokerage Plan	Zero Brokerage Plans
Year of Incorporation	1985
Number of Branches	575
Broker Enquiry

Karvy Vs RMoney Charges & AMC

Karvy trading account opening charges is ₹650 while RMoney account opening changes is ₹199. Karvy Demat Account AMC Charges is ₹420 and RMoney Demat Account AMC Charges is ₹0 for lifetime (Free).

	Karvy	RMoney
Trading Account Opening Charges	₹650	₹199
Trading Account AMC Charges	₹0	₹0 (Free)
Demat Account Opening Charges	₹0	₹0 (Free)
Demat Account AMC Charges	₹420	₹0 for lifetime (Free)

Karvy Vs RMoney Brokerage

Karvy brokerage charges for equity is 0.3% and intraday is 0.03% whereas RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower.

	Karvy	RMoney
Account Type	Retail Brokerage Plan	Zero Brokerage Plans
Fixed Charges
Equity Delivery Brokerage	0.3%	₹0 (Free)
Equity Intraday Brokerage	0.03%	₹18 per executed order or .01% whichever is lower
Equity Futures Brokerage	0.03%	₹18 per executed order or .01% whichever is lower
Equity Options Brokerage	₹30 per lot	₹18 per executed order or .01% whichever is lower
Currency Futures Trading Brokerage	0.03%	₹18 per executed order or .01% whichever is lower
Currency Options Trading Brokerage	₹30 per lot	₹18 per executed order or .01% whichever is lower
Commodity Futures Trading Brokerage	0.03%	₹18 per executed order or .01% whichever is lower
Commodity Options Trading Brokerage	₹30 per lot
Special Offer		Special Offer: RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

Karvy Vs RMoney Brokerage Plan 2

	Karvy	RMoney
Account Type	Premium Subscription Plan of 100000	Happy Service Plan
Fixed Charges	₹100,000 per year	NA
Equity Delivery Brokerage	0.1%	0.10% to 0.40%
Equity Intraday Brokerage	0.01%	0.01% to 0.04%
Equity Futures Brokerage	0.01%	0.005% to 0.02%
Equity Options Brokerage	₹10 per lot	₹20 to ₹80 per lot
Currency Futures Trading Brokerage	0.01%	0.005% to 0.02%
Currency Options Trading Brokerage	₹10 per lot	0.005% to 0.02%
Commodity Futures Trading Brokerage	0.01%	0.005% to 0.02%
Commodity Options Trading Brokerage	₹10 per lot

Karvy Charges Vs RMoney

Minimum Brokerage Charges	Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher	₹0
Other Brokerage Charges		Physical contact notes: ₹20, Trade SMS Alerts: ₹100 per month per segment
Call & Trade Charges		₹0 (Unlimited Calls)

Karvy Vs RMoney Transaction Charges

Karvy transaction charges for options is ₹5500 while RMoney exchange transaction charges for options is NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%).

	Karvy	RMoney
Equity Delivery	₹325	NSE ₹325 per crore | BSE ₹275 per crore (0.00275%)
Equity Intraday	₹325	NSE ₹325 per crore | BSE ₹275 per crore (0.00275%
Equity Futures	₹230	NSE ₹250 per crore | BSE ₹110 per crore (0.0011%)
Equity Options	₹5500	NSE ₹7000 per crore (0.07%) | BSE ₹4500 per crore (0.045%)
Currency Futures	₹325	NSE, BSE - ₹150 per crore (0.0015%)
Currency Options		NSE, BSE - ₹7500 (on premium) per crore (0.075%)
Commodity	₹300	MCX ₹325 (0.00325%) | NCDEX ₹600 per Cr(0.006%)

Karvy Vs RMoney Leverage (Margin)

Karvy provides the margin of Upto 20x for intraday trades whereas the RMoney margin for intraday cash is 20x (5%) (Intraday Only).

	Karvy	RMoney
Equity Delivery	Upto 5x with 24% interest per year	Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5)
Equity Intraday	Upto 20x	20x (5%) (Intraday Only)
Equity Futures	Upto 4x	Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%)
Equity Options	Upto 4x for shorting	Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin
Currency Futures	Nil	Intraday - 100X (1%)
Currency Options	Nil	Intraday - 100X (1%)
Commodity Futures	Upto 4x	Intraday - 77X (1.3%)
Commodity Options

Compare Karvy and RMoney Features

The trading platforms offered Karvy include NEST, Karvy Web, Trade Mobile. RMoney offers RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) trading software.

	Karvy	RMoney
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	NEST, Karvy Web, Trade Mobile	RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications)
Intraday Square-off Time	3:15	Equity 3:15 PM
Other Features	Ask the expert, The Finapolis
Referral Program

Karvy Vs RMoney Review

Karvy is rated 2.0 of 5 based on 24 customer reviews whereas RMoney is rated 4.0 of 5 based on 3 customer reviews.

	Karvy	RMoney
	24 Customer Reviews	3 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Karvy is rated 2.0 of 5 based on 24 customer reviews	RMoney is rated 4.0 of 5 based on 3 customer reviews

Karvy Vs RMoney Investment Options

	Karvy	RMoney
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Corporate FD, Life Instance, General Insurance

Karvy Vs RMoney Order Type Offered

	Karvy	RMoney
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Karvy Vs RMoney Research Report

	Karvy	RMoney
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Karvy Vs RMoney Suitable For Investor Type

	Karvy	RMoney
Casual Investor
Active Investor
Trader

Karvy Vs RMoney - Pros and Cons

	Karvy	RMoney
Pros	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	Offer both discount brokerage as well as full-service brokerage plans. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment ODIN trading platform is available free of cost to all customers. Unlimited free Call & Trades. Local branches in major cities across North India. Free tips, research and news alerts. Online paperless instant account opening.
Cons	Doesn't offer 3 in 1 account Brokerage rates are negotiable Higher brokerage compare to discount brokers	Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app. Margin funding is not available. GTC/GTD not available in Equity. NRI Account is not available.
Reviews		Useful Articles: Flat Fee Stock Trading Broker in India
Promo / Offers		Lifetime FREE AMC Demat Account + Free Call & Trade Get free lifetime free AMC demat account and pay flat ₹18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.