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! 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,
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...
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 trading account opening charges is Rs 650 while RMoney account opening changes is Rs 199. Karvy Demat Account AMC Charges is Rs 420 and RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free).
Karvy | RMoney | |
---|---|---|
Trading Account Opening Charges | Rs 650 | Rs 199 |
Trading Account AMC Charges | Rs 0 | Rs 0 (Free) |
Demat Account Opening Charges | Rs 0 | Rs 0 (Free) |
Demat Account AMC Charges | Rs 420 | Rs 0 for lifetime (Free) |
Karvy brokerage charges for equity is 0.3% and intraday is 0.03% whereas RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower.
Karvy | RMoney | |
---|---|---|
Account Type | Retail Brokerage Plan | Zero Brokerage Plans |
Fixed Charges | NA | |
Equity Delivery Brokerage | 0.3% | Rs 0 (Free) |
Equity Intraday Brokerage | 0.03% | Rs 18 per executed order or .01% whichever is lower |
Equity Futures Brokerage | 0.03% | Rs 18 per executed order or .01% whichever is lower |
Equity Options Brokerage | Rs 30 per lot | Rs 18 per executed order or .01% whichever is lower |
Currency Futures Trading Brokerage | 0.03% | Rs 18 per executed order or .01% whichever is lower |
Currency Options Trading Brokerage | Rs 30 per lot | Rs 18 per executed order or .01% whichever is lower |
Commodity Futures Trading Brokerage | 0.03% | Rs 18 per executed order or .01% whichever is lower |
Commodity Options Trading Brokerage | Rs 30 per lot | |
Special Offer | Special Offer: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer |
Karvy | RMoney | |
---|---|---|
Account Type | Premium Subscription Plan of 100000 | Happy Service Plan |
Fixed Charges | Rs 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 | Rs 10 per lot | Rs 20 to Rs 80 per lot |
Currency Futures Trading Brokerage | 0.01% | 0.005% to 0.02% |
Currency Options Trading Brokerage | Rs 10 per lot | 0.005% to 0.02% |
Commodity Futures Trading Brokerage | 0.01% | 0.005% to 0.02% |
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 |
Other Brokerage Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment | |
Call & Trade Charges | Rs 0 (Unlimited Calls) |
Karvy transaction charges for options is Rs 5500 while RMoney exchange transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%).
Karvy | RMoney | |
---|---|---|
Equity Delivery | Rs 325 | NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%) |
Equity Intraday | Rs 325 | NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275% |
Equity Futures | Rs 230 | NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%) |
Equity Options | Rs 5500 | NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%) |
Currency Futures | Rs 325 | NSE, BSE - Rs 150 per crore (0.0015%) |
Currency Options | NSE, BSE - Rs 7500 (on premium) per crore (0.075%) | |
Commodity | Rs 300 | MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%) |
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 |
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 | |
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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 | 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 is rated 2.0 of 5 based on 24 customer reviews whereas RMoney is rated 3.8 of 5 based on 4 customer reviews.
Karvy | RMoney | |
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Reviews | Useful Articles: | |
Promo / Offers | Lifetime FREE AMC Demat Account + Free Call & TradeGet free lifetime free AMC demat account and pay flat Rs 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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