Upstox Vs Karvy (Compare Upstox and Karvy)

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


Upstox
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 Web and Upstox Pro Mobile trading platforms. Upstox is backed by a group of investors including Kalaari Capital, Ratan Tata and GVK Davix. Upstox trading platform offers trading, analysis, charting and many more rich trading features. This platfo... Know more about Upstox


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

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Upstox Vs Karvy

Incorporated in 2012, Upstox is a Discount Broker. It offers trading at BSE, NSE, MCX. It has 4 branches across India. Incorporated in 1985, Karvy is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 575 branches across India.

  Upstox Karvy
Type of Broker Discount Broker Full Service Broker
Supported Exchnages BSE, NSE, MCX BSE, NSE, MCX
Account Type Upstox Basic Retail Brokerage Plan
Year of Incorporation 2012 1985
Number of Branches 4 575
Broker Enquiry Open an Online Trading Account with Upstox. Leave your contact info and we will get in touch with you.
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Upstox Vs Karvy Charges & AMC

Upstox trading account opening charges is ₹249 while Karvy account opening changes is ₹650. Upstox Demat Account AMC Charges is ₹300 and Karvy Demat Account AMC Charges is ₹420.

  Upstox Karvy
Trading Account Opening Charges ₹249 ₹650
Trading Account AMC Charges ₹0 (Free) ₹0
Demat Account Opening Charges ₹0 (Free) ₹0
Demat Account AMC Charges ₹300 ₹420
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Upstox Vs Karvy Brokerage Charges & Plans

Upstox Vs Karvy Brokerage

Upstox brokerage charges for equity is ₹0 (Free) and intraday is ₹20 per executed order or 0.05% whichever is lower whereas Karvy brokerage charges for equity is 0.3% and intraday is 0.03%.

  Upstox Karvy
Account Type Upstox Basic Retail Brokerage Plan
Fixed Charges NA
Equity Delivery Brokerage ₹0 (Free) 0.3%
Equity Intraday Brokerage ₹20 per executed order or 0.05% whichever is lower 0.03%
Equity Futures Brokerage ₹20 per executed order or 0.05% whichever is lower 0.03%
Equity Options Brokerage ₹20 per executed order ₹30 per lot
Currency Futures Trading Brokerage ₹20 per executed order or 0.05% whichever is lower 0.03%
Currency Options Trading Brokerage ₹20 per executed order ₹30 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or 0.05% whichever is lower 0.03%
Commodity Options Trading Brokerage ₹20 per executed order ₹30 per lot
Special Offer
Special Offer:

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

Upstox Vs Karvy Brokerage Plan 2

  Upstox Karvy
Account Type Upstox Priority (Higher Margin) Premium Subscription Plan of 100000
Fixed Charges NA ₹100,000 per year
Equity Delivery Brokerage ₹0 0.1%
Equity Intraday Brokerage ₹30 per executed order or 0.10% whichever is lower 0.01%
Equity Futures Brokerage ₹30 per executed order or 0.10% whichever is lower 0.01%
Equity Options Brokerage ₹30 per executed order ₹10 per lot
Currency Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower 0.01%
Currency Options Trading Brokerage ₹30 per executed order ₹10 per lot
Commodity Futures Trading Brokerage ₹30 per executed order or 0.10% whichever is lower 0.01%
Commodity Options Trading Brokerage ₹30 per executed order ₹10 per lot

Upstox Charges Vs Karvy

Minimum Brokerage Charges 0.05% 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 Transaction Charges

Upstox transaction charges for options is NSE ₹5500 per Cr (0.055%) (on premium) while Karvy exchange transaction charges for options is ₹5500.

  Upstox Karvy
Equity Delivery NSE ₹325 per Cr (0.00325%) (each side) ₹325
Equity Intraday NSE ₹325 per Cr (0.00325%) (each side) ₹325
Equity Futures NSE ₹210 per Cr (0.0021%) ₹230
Equity Options NSE ₹5500 per Cr (0.055%) (on premium) ₹5500
Currency Futures NSE ₹130 per Cr (0.0013%) | BSE ₹26 per Cr (0.00026%) ₹325
Currency Options NSE ₹2900 per Cr (0.029%) | BSE ₹2600 per Cr (0.026%) (on premium)
Commodity Group A - ₹290 per Cr (0.0029%) ₹300
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Upstox Vs Karvy Leverage (Margin)

Upstox provides the margin of Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x for intraday trades whereas the Karvy margin for intraday cash is Upto 20x.

  Upstox Karvy
Equity Delivery 1x (no margin) Upto 5x with 24% interest per year
Equity Intraday Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x Upto 20x
Equity Futures Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x Upto 4x
Equity Options Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x Upto 4x for shorting
Currency Futures Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x Nil
Currency Options Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x Nil
Commodity Futures Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x Upto 4x
Commodity Options
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Compare Upstox and Karvy Features

The trading platforms offered Upstox include Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola. Karvy offers NEST, Karvy Web, Trade Mobile trading software.

  Upstox Karvy
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 Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
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 Yes
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Upstox Vs Karvy Review

Upstox is rated 2.5 of 5 based on 81 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.

  Upstox Karvy
  81 Customer Reviews    Rate Upstox 24 Customer Reviews    Rate Karvy
Fees 3.6 2.6
Trading Brokerage 3.7 2.4
Trading Platform Usability 2.7 2.7
Customer Service 2.4 2.2
Research Capabilities 2.3
Overall Ratings Rated 2.5 stars Rated 2.0 stars
Broker Rating Upstox is rated 2.5 of 5 based on 81 customer reviews Karvy is rated 2.0 of 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Upstox Enquire Karvy Enquire
Contact Broker

FREE Equity Delivery Trading + Flat ₹20 per order for Intra-day and F&O. Get the Exclusive Offer

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Upstox Vs Karvy Investment Options

  Upstox Karvy
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds No Yes
Bond / NCD No Yes
Debt No Yes
Other Investment Options
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Upstox Vs Karvy Order Type Offered

  Upstox Karvy
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) No
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Upstox Vs Karvy Research Report

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

  Upstox Karvy
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.
  9. Online IPO, FPO, Bonds and NCD's are available.
  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
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.
  • No stock tips or recommendations.
  • Upstox doesn't offer NRI Trading and Demat Account.
  1. Doesn't offer 3 in 1 account
  2. Brokerage rates are negotiable
  3. Higher brokerage compare to discount brokers
Reviews
Promo / Offers

FREE Equity Delivery Trading

Open Upstox Trading Account and get brokerage FREE Equity Delivery Trades (₹0 brokerage). Trade in Intra-day and F&O Trades at flat ₹20 per order.

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