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Sharekhan Vs Karvy Share Broker Comparison

The side-by-side comparison of Sharekhan and Karvy Stock Broking Ltd stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and Karvy's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Sharekhan and Karvy.

  Sharekhan Karvy Stock Broking Ltd
 
Sharekhan Logo Karvy Stock Broking Ltd Logo
About the Broker Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & f... Know more about Sharekhan 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
Type of Broker Full Service Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Classic Account Retail Brokerage Plan
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Karvy. Leave your contact info and we will get in touch with you.
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Stock Broker Fees / Charges

  Sharekhan Karvy Stock Broking Ltd
Trading Account Opening Fees ₹0 (Free) ₹420
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹0 (Free) ₹0
Demat Account AMC ₹400 (Free for 1st year) ₹420
Demat Account is Mandatory? No No
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Trading Brokerage Charges

Brokerage Plan 1

  Sharekhan Karvy Stock Broking Ltd
Account Type Classic Account Retail Brokerage Plan
Fixed Charges
Equity Delivery Brokerage 0.50% 0.3%
Equity Intraday Brokerage 0.10% 0.03%
Equity Futures Brokerage 0.10% 0.03%
Equity Options Brokerage ₹50 per lot ₹30 per lot
Currency Futures Trading Brokerage 0.10% 0.03%
Currency Options Trading Brokerage ₹30 per lot ₹30 per lot
Commodity Futures Trading Brokerage 0.03% 0.03%
Commodity Options Trading Brokerage 0.03%

Brokerage Plan 2

  Sharekhan Karvy Stock Broking Ltd
Account Type Prepaid - ₹1 Lakh Premium Subscription Plan
Fixed Charges ₹1,00,000 per year Rs 100000 per year
Equity Delivery Brokerage 0.10% 0.1%
Equity Intraday Brokerage 0.015% 0.01%
Equity Futures Brokerage 0.015% 0.01%
Equity Options Brokerage 0.05% or ₹63 per lot ₹10 per lot
Currency Futures Trading Brokerage 0.01%
Currency Options Trading Brokerage ₹10 per lot
Commodity Futures Trading Brokerage 0.01%
Commodity Options Trading Brokerage

Brokerage Plan 3

  Sharekhan Karvy Stock Broking Ltd
Account Type Margin - ₹1 Lakh Retail Brokerage Plan
Fixed Charges ₹1,00,000 margin
Equity Delivery Brokerage 0.25% 0.3%
Equity Intraday Brokerage 0.05% 0.03%
Equity Futures Brokerage 0.05% 0.03%
Equity Options Brokerage 1% or ₹70 per lot ₹30 per lot
Currency Futures Trading Brokerage 0.03%
Currency Options Trading Brokerage ₹30 per lot
Commodity Futures Trading Brokerage 0.03%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Other Brokerage Charges
Call & Trade Charges Rs 20
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Taxes

  Sharekhan Karvy Stock Broking Ltd
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Currency Futures: Nil
  • Currency Options: Nil
  • Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges Check table below Check table below
SEBI Charges Rs 15 per Crore Rs 15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty Charged as per the state of the client's correspondence address. Charged as per the state of the client's correspondence address.
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Transaction Charges

  Sharekhan Karvy Stock Broking Ltd
Equity Delivery NSE ₹325 | BSE ₹275 ₹325
Equity Intraday NSE ₹325 | BSE ₹275 ₹325
Equity Futures NSE ₹190 | BSE ₹50 ₹230
Equity Options NSE ₹5000 | BSE ₹50 ₹5500
Currency Futures NSE ₹135 | MCX ₹130 ₹325
Currency Options NSE ₹4220 | MCX ₹3220
Commodity MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 ₹300
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Exposure

  Sharekhan Karvy Stock Broking Ltd
Equity Delivery Upto 5x with 24% interest per year Upto 5x with 24% interest per year
Equity Intraday Upto 10x Upto 20x
Equity Futures 2x Upto 4x
Equity Options Nil Upto 4x for shorting
Currency Futures Nil Nil
Currency Options Nil Nil
Commodity Upto 2x Upto 4x
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Share Broker Features

  Sharekhan Karvy Stock Broking Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform TradeTiger, Sharekhan Mobile NEST, Karvy Web, Trade Mobile
Intraday Square-off Time 3:30 PM 3:15
Other Features Pattern finder, Class room training Ask the expert, The Finapolis
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Broker Ratings (Average User Rating)

  Sharekhan Karvy Stock Broking Ltd
  277 Customer Reviews    Rate Sharekhan 21 Customer Reviews    Rate Karvy
Fees Ratings 3.1 2.7
Trading Brokerage Rating 2.9 2.4
Trading Platform Usability 3.7 2.8
Customer Service Ratings 3.4 2.4
Overall Ratings Rated 3.4 stars Rated 2.1 stars
Broker Rating Sharekhan is Rated 3.4 / 5 based on 277 customer reviews Karvy is Rated 2.1 / 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Karvy Stock Broking Ltd
Contact / Request Call Back
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Investment Options Available

  Sharekhan Karvy Stock Broking Ltd
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 Loans, NRI Trading
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Customer Service Offered

  Sharekhan Karvy Stock Broking Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches Yes Yes
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Order Type

  Sharekhan Karvy Stock Broking Ltd
Bracket Order Yes No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes
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Research / Tips / Reports Published

  Sharekhan Karvy Stock Broking Ltd
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes
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Suitable for Investor Category

  Sharekhan Karvy Stock Broking Ltd
Casual Investor Yes Yes
Active Investor Yes
Trader

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Pros, Cons and Other Review Comments

  Sharekhan Karvy Stock Broking Ltd
Pros
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is available.

More Advantages...

  1. Offers investment in IPO and Mutual funds
  2. Free research reports
  3. Offers classroom sessions, webinars, Online Tutorials and Articles by Experts

More Advantages...

Cons
  • Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges ₹400 as AMC for trading account in addition to ₹400 for demat account.

More Disadvantages...

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

More Disadvantages...

Reviews
Promo / Offers

Free Trading & Demat Account (for limited time only)

Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.

This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

Enquire about Sharekhan Enquire about Karvy
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