Chittorgarh.com
Free Trading + Demat Account

Zerodha Vs Karvy Share Broker Comparison

The side-by-side comparison of Zerodha and Karvy Stock Broking Ltd stock brokers in India. The comparison below highlights the similarities and differences between Zerodha 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 Zerodha and Karvy.

  Zerodha Karvy Stock Broking Ltd
 
Zerodha Logo Karvy Stock Broking Ltd Logo
About the Broker Zerodha is a Bangalore, India based Flat Fee Share Broker (Also known as Budget Broker / Discount Broker / Pay Per Order Brokerage Company) for trading in Stock, Commodity and Currency Derivative. It charges a brokerage of 0.01% or Rs 20 per executed... Know more about Zerodha 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 NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Account Type Standard Plan Retail Brokerage Plan
Broker Enquiry Open an Online Trading Account with Zerodha. 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.
Expand

Stock Broker Fees / Charges

  Zerodha Karvy Stock Broking Ltd
Trading Account Opening Fees ₹300 ₹420
Trading Account AMC ₹0 (Free) ₹0
Demat Account Opening Fees ₹100 ₹0
Demat Account AMC ₹300 ₹420
Demat Account is Mandatory? No No
Expand

Trading Brokerage Charges

Brokerage Plan 1

  Zerodha Karvy Stock Broking Ltd
Account Type Standard Plan Retail Brokerage Plan
Fixed Charges
Equity Delivery Brokerage ₹0 (Free) 0.3%
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹30 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.03%
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

Brokerage Plan 2

  Zerodha Karvy Stock Broking Ltd
Account Type Standard Plan Premium Subscription Plan
Fixed Charges Rs 100000 per year
Equity Delivery Brokerage ₹0 (Free) 0.1%
Equity Intraday Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Equity Futures Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Equity Options Brokerage ₹20 per executed order or .01% whichever is lower ₹10 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Currency Options Trading Brokerage ₹20 per executed order or .01% whichever is lower ₹10 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or .01% whichever is lower 0.01%
Commodity Options Trading Brokerage ₹20 per executed order or .01% whichever is lower

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 Physical contact notes: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹20 per executed order
Expand

Taxes

  Zerodha 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.
Expand

Transaction Charges

  Zerodha Karvy Stock Broking Ltd
Equity Delivery NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) ₹325
Equity Intraday NSE ₹325 per Cr (0.00325%) | BSE ₹300 per Cr (0.003%) (each side) ₹325
Equity Futures NSE ₹190 per Cr (0.0019%) | BSE ₹300 per Cr (0.003%) (each side) ₹230
Equity Options NSE ₹5000 per Cr (0.05%) | BSE ₹300 per Cr (0.003%) (on premium) ₹5500
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) ₹325
Currency Options NSE ₹4000 per Cr (0.04%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity Group A - ₹260 per Cr (0.0026%) ₹300
Expand

Exposure

  Zerodha Karvy Stock Broking Ltd
Equity Delivery 1x (no margin) Upto 5x with 24% interest per year
Equity Intraday Up to 20x (based on the stock) Upto 20x
Equity Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Upto 4x
Equity Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Upto 4x for shorting
Currency Futures Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Currency Options Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) Nil
Commodity Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span Upto 4x
Expand

Share Broker Features

  Zerodha Karvy Stock Broking Ltd
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes 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 Kite Web, Kite Android/iOS, Pi, Coin, Kite mobile NEST, Karvy Web, Trade Mobile
Intraday Square-off Time 3:10 PM 3:15
Other Features Direct Mutual Funds, APIs Ask the expert, The Finapolis
Expand

Broker Ratings (Average User Rating)

  Zerodha Karvy Stock Broking Ltd
  330 Customer Reviews    Rate Zerodha 21 Customer Reviews    Rate Karvy
Fees Ratings 3.8 2.7
Trading Brokerage Rating 4.4 2.4
Trading Platform Usability 3.6 2.8
Customer Service Ratings 3.5 2.4
Overall Ratings Rated 3.7 stars Rated 2.1 stars
Broker Rating Zerodha is Rated 3.7 / 5 based on 330 customer reviews Karvy is Rated 2.1 / 5 based on 21 customer reviews
Expand

Contact Broker / Request A Call Back

  Zerodha Karvy Stock Broking Ltd
Contact / Request Call Back
Expand

Investment Options Available

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

Customer Service Offered

  Zerodha Karvy Stock Broking Ltd
24/7 Customer Service No No
Onine Live Chat No Yes
Through Branches No Yes
Expand

Order Type

  Zerodha 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
Expand

Research / Tips / Reports Published

  Zerodha Karvy Stock Broking Ltd
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
Expand

Suitable for Investor Category

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

Expand

Pros, Cons and Other Review Comments

  Zerodha Karvy Stock Broking Ltd
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms made available for free to all its customers.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.01% or Rs 20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • 10% referral credit for reffering new customers.
  • Direct Mutual Fund Investment is available.
  • Over 7L+ customers and 8% of daily volume at BSE, NSE and MCX.

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
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra Rs 20 order.
  • Doesn't provide options to invest in IPO, Bond and NCD's public offers.
  • Margin funding is not available.
  • GTC/GTD not available in Equity.

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 Zerodha:
Promo / Offers

Truly free equity delivery trading

Get free equity delivery trading (truly no brokerage) and pay flat ₹20 brokerage for Intraday and F&O trades. To open an account with Zerodha, simply leave your contact information with us and Zerodha representatives will call you.

Enquire about Zerodha Enquire about Karvy
Compare More Brokers



Message Board

Stock Message Board


Search Chittorgarh.com:

Chittorgarh.com Mobile Apps:

Download Android App Downlaod iOS App