The side-by-side comparison of Zerodha and Karvy. Compare Zerodha Vs Karvy brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Zerodha vs Karvy?
Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds.
Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment).
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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,
Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 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.
Zerodha trading account opening charges is Rs 200 while Karvy account opening changes is Rs 650. Zerodha Demat Account AMC Charges is Rs 300 and Karvy Demat Account AMC Charges is Rs 420.
Zerodha | Karvy | |
---|---|---|
Trading Account Opening Charges | Rs 200 | Rs 650 |
Trading Account AMC Charges | Rs 0 (Free) | Rs 0 |
Demat Account Opening Charges | Rs 0 | Rs 0 |
Demat Account AMC Charges | Rs 300 | Rs 420 |
Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Karvy brokerage charges for equity is 0.3% and intraday is 0.03%.
Zerodha | Karvy | |
---|---|---|
Account Type | Flat Brokerage Plan | Retail Brokerage Plan |
Fixed Charges | ||
Equity Delivery Brokerage | Rs 0 (Free) | 0.3% |
Equity Intraday Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.03% |
Equity Futures Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.03% |
Equity Options Brokerage | Rs 20 per executed order | Rs 30 per lot |
Currency Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.03% |
Currency Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 30 per lot |
Commodity Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.03% |
Commodity Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 30 per lot |
Special Offer | Special Offer: Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades. Get the offer |
Zerodha | Karvy | |
---|---|---|
Account Type | Flat Brokerage Plan | Premium Subscription Plan of 100000 |
Fixed Charges | Rs 100,000 per year | |
Equity Delivery Brokerage | Rs 0 (Free) | 0.1% |
Equity Intraday Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Equity Futures Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Equity Options Brokerage | Rs 20 per executed order | Rs 10 per lot |
Currency Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Currency Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 10 per lot |
Commodity Futures Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | 0.01% |
Commodity Options Trading Brokerage | Rs 20 per executed order or .03% whichever is lower | Rs 10 per lot |
Minimum Brokerage Charges | 0.03% in Intraday and F&O | Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher |
Other Brokerage Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS | |
Call & Trade Charges | Rs 50 per executed order |
Zerodha transaction charges for options is NSE Rs 5000 per Cr (0.05%) (on premium) while Karvy exchange transaction charges for options is Rs 5500.
Zerodha | Karvy | |
---|---|---|
Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) | Rs 325 |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) | Rs 325 |
Equity Futures | NSE Rs 190 per Cr (0.0019%) | Rs 230 |
Equity Options | NSE Rs 5000 per Cr (0.05%) (on premium) | Rs 5500 |
Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) | Rs 325 |
Currency Options | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) | |
Commodity | Group A - Rs 260 per Cr (0.0026%) | Rs 300 |
Zerodha provides the margin of Up to 20x (based on the stock) for intraday trades whereas the Karvy margin for intraday cash is Upto 20x.
Zerodha | Karvy | |
---|---|---|
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 Futures | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span | Upto 4x |
Commodity Options |
The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Karvy offers NEST, Karvy Web, Trade Mobile trading software.
Zerodha | Karvy | |
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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 | Kite Web, Kite Mobile for Android/iOS and Coin | NEST, Karvy Web, Trade Mobile |
Intraday Square-off Time | Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close | 3:15 |
Other Features | Direct Mutual Funds, APIs for Algo Trading | Ask the expert, The Finapolis |
Referral Program | ![]() |
Zerodha is rated 3.7 of 5 based on 409 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.
Zerodha | Karvy | |
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Pros |
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Cons |
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Reviews | ||
Promo / Offers | Free Equity Delivery TradingGet free equity delivery trading (truly no brokerage) and pay flat Rs 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. |
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