Karvy Vs RMoney (Compare Karvy and RMoney)

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


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


RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital Pvt Ltd

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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 Open an Online Trading Account with RMoney. Leave your contact info and we will get in touch with you.
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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)
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Karvy Vs RMoney Brokerage Charges & Plans

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)
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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%)
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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
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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 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 Yes
Margin Against Shares (Equity F&O) Yes Yes
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
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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    Rate Karvy 3 Customer Reviews    Rate RMoney
Fees 2.6 4.7
Trading Brokerage 2.4 4.7
Trading Platform Usability 2.7 4.3
Customer Service 2.2 4.0
Research Capabilities
Overall Ratings Rated 2.0 stars Rated 4.0 stars
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
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Contact Broker / Request A Call Back

  Karvy Enquire RMoney Enquire
Contact Broker

RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

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Karvy Vs RMoney Investment Options

  Karvy RMoney
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 Corporate FD, Life Instance, General Insurance
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Karvy Vs RMoney Order Type Offered

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

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

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

  Karvy RMoney
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
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
Cons
  1. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
  1. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. 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.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
Reviews Useful Articles:
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.

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