Free Trading + Demat Account

Karvy Vs RMoney (Compare Karvy and RMoney)

The side-by-side comparison of Karvy and RMoney. Compare Karvy Vs RMoney brokerage, charges, exposure margin, demat account. Read RMoney and Karvy review.

Find out Karvy Vs RMoney which is better and Karvy Vs RMoney which is best.

Our Karvy Stock Broking Ltd comparison with Raghunandan Capital Pvt Ltd highlights the major differences between two brokers. Find the best between Karvy and RMoney.

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Karvy Vs RMoney

  Karvy RMoney
Find more info about broker
Karvy Stock Broking Ltd Logo Raghunandan Capital Pvt Ltd Logo
About the 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, institut... Know more about Karvy Stock Broking Ltd 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... Know more about Raghunandan Capital Pvt Ltd
Type of Broker Full Service Broker Discount Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Account Type Retail Brokerage Plan Zero Brokerage Plans
Broker Enquiry Open an Online Trading Account with Karvy. Leave your contact info and we will get in touch with you.
Year of Incorporation 1985
Number of Branches 575
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Karvy Vs RMoney Charges

  Karvy RMoney
Trading Account Opening Fees ₹650 ₹0 (Free)
Trading Account AMC ₹0 ₹0 (Free)
Demat Account Opening Fees ₹0 ₹0 (Free)
Demat Account AMC ₹420 ₹0 for lifetime (Free)
Demat Account is Mandatory? No No
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Karvy Vs RMoney Brokerage

Brokerage Plan 1

  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

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

Other Charges

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 Taxes

  Karvy RMoney
Securities Transaction Tax (STT)
Equity Intraday0.025% (on Sell trade)
Equity Delivery0.1% (on Buy and Sell)
Equity Futures0.01% (on Sell trade)
Equity Options0.05% (on Sell trade premium) or 0.125% (on excersied options)
Currency FuturesNil
Currency OptionsNil
Commodities0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below
SEBI Charges Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address.
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Karvy Vs RMoney Transaction Charges

  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 Exposure Margin

  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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Karvy and RMoney Feature Comparison

  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 RMoney
  21 Customer Reviews    Rate Karvy 3 Customer Reviews    Rate RMoney
Fees Ratings 2.7 4.7
Trading Brokerage Rating 2.4 4.7
Trading Platform Usability 2.8 4.3
Customer Service Ratings 2.4 4.0
Overall Ratings Rated 2.1 stars Rated 4.0 stars
Broker Rating Karvy is Rated 2.1 / 5 based on 21 customer reviews RMoney is Rated 4.0 / 5 based on 3 customer reviews
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Contact Broker / Request A Call Back

  Karvy Enquire RMoney Enquire
Contact Broker
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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 Customer Service

  Karvy RMoney
24/7 Customer Service No No
Onine Live Chat Yes No
Through Branches Yes Yes
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Karvy Vs RMoney Order Type Offered

  Karvy RMoney
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No 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 - Advantages and Disadvantages

  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

More Advantages...

  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.

More Advantages...

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

More Disadvantages...

  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.

More Disadvantages...

Reviews Useful Articles:
Promo / Offers

Karvy - Zero Account Opening Fee + Up to ₹5500 Brokerage Refund

Open Demat and Trading account with Karvy Stock Broking for free (₹650 waived) and get up to ₹5500 brokerage back based on the brokerage generated for the period of 30 days from account opening.

Interested in opening a trading account? Request Callback from Karvy Stock Broking.

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.

Enquire Karvy
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