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Upstox Vs Karvy (Compare Upstox and Karvy)

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

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

Our Upstox comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best between Upstox and Karvy.

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Upstox Vs Karvy

  Upstox Karvy Stock Broking Ltd
 
Upstox Logo Karvy Stock Broking Ltd Logo
About the Broker Upstox is a tech-first low cost broking firm in India providing trading opportunities at unbeatable prices. Company provide trading on different segments such as equities, commodities, currency, futures, options which are available on its Upstox Pro ... Know more about Upstox 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 Discount Broker Full Service Broker
Supported Exchnage BSE, NSE, MCX BSE, NSE, MCX
Account Type Upstox Basic Retail Brokerage Plan
Broker Enquiry Open an Online Trading Account with Upstox. 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.
Year of Incorporation
Number of Branches
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Upstox Vs Karvy Charges

  Upstox Karvy Stock Broking Ltd
Trading Account Opening Fees ₹150 (Eq and F&O), ₹150 (MCX) ₹420
Trading Account AMC ₹0 ₹0
Demat Account Opening Fees ₹0 ₹0
Demat Account AMC ₹150 ₹420
Demat Account is Mandatory? No No
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Upstox Vs Karvy Brokerage

Brokerage Plan 1

  Upstox Karvy Stock Broking Ltd
Account Type Upstox Basic Retail Brokerage Plan
Fixed Charges ₹0
Equity Delivery Brokerage ₹0 0.3%
Equity Intraday Brokerage ₹20 per trade or 0.01% (whichever is lower) 0.03%
Equity Futures Brokerage ₹20 per trade or 0.01% (whichever is lower) 0.03%
Equity Options Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹30 per lot
Currency Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) 0.03%
Currency Options Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) ₹30 per lot
Commodity Futures Trading Brokerage ₹20 per trade or 0.01% (whichever is lower) 0.03%
Commodity Options Trading Brokerage

Brokerage Plan 2

  Upstox Karvy Stock Broking Ltd
Account Type Upstox Priority Premium Subscription Plan
Fixed Charges ₹0 Rs 100000 per year
Equity Delivery Brokerage ₹0 0.1%
Equity Intraday Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.01%
Equity Futures Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.01%
Equity Options Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹10 per lot
Currency Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.01%
Currency Options Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) ₹10 per lot
Commodity Futures Trading Brokerage ₹30 per trade or 0.05% (whichever is lower) 0.01%
Commodity Options Trading Brokerage

Other Charges

Minimum Brokerage Charges ₹0 Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher
Other Brokerage Charges
Call & Trade Charges ₹20 per trade
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Upstox Vs Karvy Taxes

  Upstox 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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Upstox Vs Karvy Transaction Charges

  Upstox Karvy Stock Broking Ltd
Equity Delivery NSE ₹325 | BSE ₹275 ₹325
Equity Intraday NSE ₹325 | BSE ₹275 ₹325
Equity Futures NSE ₹210 ₹230
Equity Options NSE ₹5500 ₹5500
Currency Futures ₹150 ₹325
Currency Options ₹6000
Commodity MCX ₹260/Cr ₹300
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Upstox Vs Karvy Exposure Margin

  Upstox Karvy Stock Broking Ltd
Equity Delivery 2.5x Upto 5x with 24% interest per year
Equity Intraday Regular: 15x | Priority Pack: 20x | Regular CO: 20x | Priority Pack CO: 25x Upto 20x
Equity Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 6x Upto 4x
Equity Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Upto 4x for shorting
Currency Futures Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Nil
Currency Options Regular: 4x | Priority Pack: 4x | Regular CO: 4x | Priority Pack CO: 5x Nil
Commodity Regular: 2.5x | Priority Pack: 3x | Regular CO: 3x | Priority Pack CO: 4x Upto 4x
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Upstox and Karvy Feature Comparison

  Upstox Karvy Stock Broking Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading No Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Available No
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola NEST, Karvy Web, Trade Mobile
Intraday Square-off Time 3:15 PM 3:15
Other Features Option strategy builder Ask the expert, The Finapolis
Referral Program
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Upstox Vs Karvy Review

  Upstox Karvy Stock Broking Ltd
  50 Customer Reviews    Rate Upstox 21 Customer Reviews    Rate Karvy
Fees Ratings 3.7 2.7
Trading Brokerage Rating 3.6 2.4
Trading Platform Usability 2.8 2.8
Customer Service Ratings 2.4 2.4
Overall Ratings Rated 2.5 stars Rated 2.1 stars
Broker Rating Upstox is Rated 2.5 / 5 based on 50 customer reviews Karvy is Rated 2.1 / 5 based on 21 customer reviews
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Contact Broker / Request A Call Back

  Upstox Karvy Stock Broking Ltd
Contact / Request Call Back
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Upstox Vs Karvy Investment Options

  Upstox Karvy Stock Broking Ltd
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Upstox Vs Karvy Customer Service

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

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

  Upstox Karvy Stock Broking Ltd
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Upstox Vs Karvy Suitable For Investor Type

  Upstox Karvy Stock Broking Ltd
Casual Investor Yes
Active Investor Yes
Trader Yes
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Upstox Vs Karvy - Advantages and Disadvantages

  Upstox Karvy Stock Broking Ltd
Pros
  1. Upstox basic plan offers brokerage free trading in Equity Delivery segment.
  2. No brokerage for equity delivery trades.
  3. Free trading software including mobile and web trading app.
  4. Advance orders including AMO, CO and BO are available.
  5. Margin Against Share and Trailing-Stop/Stop-Loss (SL) are available to all.
  6. AmiBroker connector available for Algo Trading.
  7. Mutual Funds are available for investment.
  8. Higher leverage is available under different brokerage plan.

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
  • No margin funding.
  • No equity 'good till cancelled' orders.
  • Unlimited monthly plans not available.
  • Additional fee for call & trader.
  • Additional fee for square off done by the broker.
  • Higher demat debit transaction charges.
  • Online IPO, FPO, Bonds and NCD's are not available.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and 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 Useful articles about Upstox:
Promo / Offers

Limited Time Offer - Free Account Opening (₹300 waived) until May 17th 2019

Open Upstox Trading Account and get FREE Trading, Demat and Mutual Fund Account + FREE Equity Delivery Trades (no brokerage) + Intraday and F&O Trades at flat ₹20 per order.

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