Zerodha Vs Karvy (Compare Zerodha and Karvy)

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 largest and most popular stock broker. It offers online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges ₹0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat ₹20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is ₹20 for an order (of any size, amount or segment). Zerodha Review 2020 Zero... Know more about Zerodha


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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Zerodha Vs Karvy

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 Karvy
Type of Broker Discount Broker Full Service Broker
Supported Exchnages NSE, BSE, MCX and NCDEX BSE, NSE, MCX
Account Type Flat Brokerage Plan Retail Brokerage Plan
Year of Incorporation 2010 1985
Number of Branches 22 575
Broker Enquiry Open an Online Trading Account with Zerodha. Leave your contact info and we will get in touch with you.
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Zerodha Vs Karvy Charges & AMC

Zerodha trading account opening charges is ₹200 while Karvy account opening changes is ₹650. Zerodha Demat Account AMC Charges is ₹300 and Karvy Demat Account AMC Charges is ₹420.

  Zerodha Karvy
Trading Account Opening Charges ₹200 ₹650
Trading Account AMC Charges ₹0 (Free) ₹0
Demat Account Opening Charges ₹0 ₹0
Demat Account AMC Charges ₹300 ₹420
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Zerodha Vs Karvy Brokerage Charges & Plans

Zerodha Vs Karvy Brokerage

Zerodha brokerage charges for equity is ₹0 (Free) and intraday is ₹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 ₹0 (Free) 0.3%
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower 0.03%
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower 0.03%
Equity Options Brokerage ₹20 per executed order ₹30 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.03%
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.03%
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹30 per lot
Special Offer
Special Offer: Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

Zerodha Vs Karvy Brokerage Plan 2

  Zerodha Karvy
Account Type Flat Brokerage Plan Premium Subscription Plan of 100000
Fixed Charges ₹100,000 per year
Equity Delivery Brokerage ₹0 (Free) 0.1%
Equity Intraday Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Equity Futures Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Equity Options Brokerage ₹20 per executed order ₹10 per lot
Currency Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Currency Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹10 per lot
Commodity Futures Trading Brokerage ₹20 per executed order or .03% whichever is lower 0.01%
Commodity Options Trading Brokerage ₹20 per executed order or .03% whichever is lower ₹10 per lot

Zerodha Charges Vs Karvy

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: ₹20, Trade SMS Alerts: ₹1 per SMS
Call & Trade Charges ₹50 per executed order
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Zerodha Vs Karvy Transaction Charges

Zerodha transaction charges for options is NSE ₹5000 per Cr (0.05%) (on premium) while Karvy exchange transaction charges for options is ₹5500.

  Zerodha Karvy
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%) ₹230
Equity Options NSE ₹5000 per Cr (0.05%) (on premium) ₹5500
Currency Futures NSE ₹90 per Cr (0.0009%) | BSE ₹22 per Cr (0.00022%) ₹325
Currency Options NSE ₹3500 per Cr (0.035%) | BSE ₹100 per Cr (0.001%) (on premium)
Commodity Group A - ₹260 per Cr (0.0026%) ₹300
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Zerodha Vs Karvy Leverage (Margin)

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
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Compare Zerodha and Karvy Features

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
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 Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform Kite Web, Kite Mobile for Android/iOS and Coin NEST, Karvy Web, Trade Mobile
Intraday Square-off Time 3:10 PM 3:15
Other Features Direct Mutual Funds, APIs for Algo Trading Ask the expert, The Finapolis
Referral Program Yes
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Zerodha Vs Karvy Review

Zerodha is rated 3.7 of 5 based on 392 customer reviews whereas Karvy is rated 2.0 of 5 based on 24 customer reviews.

  Zerodha Karvy
  392 Customer Reviews    Rate Zerodha 24 Customer Reviews    Rate Karvy
Fees 3.8 2.6
Trading Brokerage 4.3 2.4
Trading Platform Usability 3.6 2.7
Customer Service 3.4 2.2
Research Capabilities 2.6
Overall Ratings Rated 3.7 stars Rated 2.0 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 392 customer reviews Karvy is rated 2.0 of 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Zerodha Enquire Karvy Enquire
Contact Broker

Brokerage free equity delivery trading (no commission) + Flat ₹20 Intra-day and F&O trades. Get the offer

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Zerodha Vs Karvy Investment Options

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

  Zerodha 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) Yes
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Zerodha Vs Karvy Research Report

  Zerodha Karvy
Daily Market Report No Yes
Free Tips No Yes
Quarterly Result Analysis No Yes
News Alerts No Yes
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Zerodha Vs Karvy Suitable For Investor Type

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

  Zerodha Karvy
Pros
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Excellent trading platforms (Kite) available for free.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Brokerage is 0.03% or ₹20 per executed order, whichever is lower for Intraday, F&O and Currency Derivatives. No hidden charges.
  • Direct Mutual Fund Investment is available.
  • Over 10 lakha+ active customers and 10% of daily volume at BSE, NSE and MCX.
  • Zerodha Referral Program offers 10% broekrage share to clients you refer.
  • Good Till Triggered (GTT) order are available. These are simillar to GTC orders.
  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
  • Doesn't provide stock tips, research reports or recommendations.
  • Call & Trade is charged at extra ₹50 order.
  • Auto Square off is charged at extra ₹50 order.
  • Doesn't offer 3-in-1 account.
  • Doesn't offer unlimited trading plans.
  • Doesn't offer AMC Free 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

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.

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