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 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...
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...
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
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
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
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.
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
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
Share Broker Features
Zerodha
Karvy Stock Broking Ltd
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
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
Broker Ratings (Average User Rating)
Zerodha
Karvy Stock Broking Ltd
330 Customer Reviews
21 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating
Zerodha is Rated 3.7 / 5 based on 330 customer reviews
Karvy is Rated 2.1 / 5 based on 21 customer reviews
Contact Broker / Request A Call Back
Zerodha
Karvy Stock Broking Ltd
Contact / Request Call Back
Investment Options Available
Zerodha
Karvy Stock Broking Ltd
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options
Customer Service Offered
Zerodha
Karvy Stock Broking Ltd
24/7 Customer Service
Onine Live Chat
Through Branches
Order Type
Zerodha
Karvy Stock Broking Ltd
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)
Research / Tips / Reports Published
Zerodha
Karvy Stock Broking Ltd
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts
Suitable for Investor Category
Zerodha
Karvy Stock Broking Ltd
Casual Investor
Active Investor
Trader
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.
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.
Zerodha
Zero Account Opening Fee