Karvy Stock Trading, Demat, Brokerage and Reviews 2020


-28.37% 174,245 Clients

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,

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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 of the top 10 broker house in India. Some add on tools provided by KSBL like monthly magazine, Finapolis, which analyzes personal finance and offers share market tips, weekly e-newsletter Karvy Bazaar Baatein which keep informed on key trends in personal finance and stock market, trendsperiodic macroeconomic reports etc. They also offer special portfolio analysis packages and provide customized advisory services to help trader make the right financial moves to specifically suit their portfolio.

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Karvy Charges 2020

  • Trading Account Opening Charges (One Time): ₹0
  • Trading Annual maintenance charges (AMC): ₹0
  • Demat Account Opening Charges (One Time): ₹0
  • Demat Account Annual Maintenance Charges (AMC): ₹500 (₹0 for 1st year)

Karvy brokerage plans:

  1. Basic Plan

    In this plan the brokerage is charged in % of the transaction. The brokerage charged in this plan is as below:

    • Equity Delivery: 0.3%
    • Equity Intraday: 0.03%
    • Equity Future: 0.03%
    • Equity Options (Each Lot): ₹50
    • Currency Future: 0.03%
    • Currency Options (Each Lot): ₹50

Karvy Brokerage Charges in Detail

Karvy ChargesEQUITY DeliveryEQUITY Intraday
STT0.01% on both Buy and Sell0.025% on the Sell Side
Transaction Charges0.00325%0.00325%
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹5/Crore₹5/Crore
Stamp Duty0.01% subject to a maximum of ₹50 - Varies by State 0.01% subject to a maximum of ₹50 - Varies by State
Karvy ChargesFuturesOptions
STT0.01% on Sell Side0.017% on Sell Side(on Premium)
Transaction Charges0.0023%0.055% on premium
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹5/Crore₹5/Crore
Stamp Duty 0.01% subject to a maximum of ₹50 - Varies by State0.01% subject to a maximum of ₹50 - Varies by State
Karvy ChargesCurrency FuturesCurrency Options
STTNo STTNo STT
Transaction Charges0.00325%0.00325%
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge18% on Brokerage + Transaction Charge
SEBI Charges₹5/Crore₹5/Crore
Stamp Duty0.01% subject to a maximum of ₹50 - Varies by State0.01% subject to a maximum of ₹50 - Varies by State
Karvy ChargesCommodity Futures
CTT0.01% only on the sell side
Transaction Charges0.003%
Goods and Services Tax (GST)18% on Brokerage + Transaction Charge
SEBI Charges₹5/Crore
Stamp Duty (Maharashtra)0.01% subject to a maximum of ₹50 - Varies by State

Karvy Charge Structure Explanation:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charges based on the state the customer is located in.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at ₹5 per Crore.
  • Transaction Charges: This is charged at ₹325/crore for Equity, ₹230/crore for Futures, ₹5500/crore on premium for options.

Useful Articles:

Karvy Depository Service Charges

For Resident Retail Customers and Corporates
Particulars Charges
Account Opening Nil
Closure of Account Nil
First Year AMC Nil
Annual Maintenance Charges ₹500
Demat Charges ₹3 per certificate + Courier Charges ₹25/-
Pledge Creation ₹50
Pledge Closure ₹25
Pledge Invocation ₹25
Rejection / fails Nil

Visit Karvy Brokerage Charges Review for more detail.


Karvy Trading Software (Karvy Trading Platforms)

Karvy Stock Broking offer multiple trading platforms based on customers investment style and needs.

  1. Karvy Online Web

    Karvy Online Web or Xpress platform is a web based trading platform which is also works great on low bandwidth. It provides secure and real time access to news, quotes, and trading. It provides convenience to trade anywhere on mobiles, laptop and tablet. Using this platform trader can place, modify, or cancel orders, view order book, trade book, Intraday book and back office reports and real time news.

  2. KarvyOnline Mobile Trading App

    KarvyOnline Mobile Trading App is a mobile platform which allows trader to execute trades on the move as well as access stock market news, currencies, commodities, quotes of NSE & BSE and many more updates instantly. KarvyOnline mobile app is available in Android Google Play and iPhone App Store for free.

  3. Karvy Nest Trder

    Karvy Nest (Next Generation Securities Trading System) Trader is desktop based front-end application that allows a trader to perform several trading functions. Karvy NEST Web is fast, convenient and secure mode for trading activities. It allows the investor to do all the things that are possible from a Trading Work Station (EXE) and more like view orders, trades and positions data, advance charting, view Market Picture and add-on tools to receive alerts, send internal messages etc.

 

Visit Karvy Trading Software Review for more detail.

Karvy Pros and Cons


Karvy Pros (Advantages)

The following are the advantages of Karvy. You must read Karvy advantages and disadvantages before opening an account with Karvy. Karvy pros and cons help you find if it suits your investment needs.

  1. Karvy offers single login for trade in Equities, Currencies and F&O.
  2. Karvy offers investment in IPO and Mutual fund.
  3. Karvy provides 60 types of technical charts.
  4. Karvy offers free research reports to its customers.
  5. Karvy offers zero demat AMC for first year
  6. Karvy offers Live chat, classroom sessions, webinars, Online Tutorials and Articles by Experts to help beginners understand basics.

Karvy Cons (Disadvantages)

The following are the cons of Karvy. Check the list of Karvy drawbacks.

  1. Karvy doesn't offer 3 in 1 account.
  2. Brokerage rates are negotiable.
  3. Karvy doesn't have referral programs.
  4. Karvy is a full services broker so the brokerage charged by them is higher than the discount brokers.

Karvy Margin / Exposure

Karvy leverage for intraday, delivery, options, currency and commodities.

SegmentMargin
Equity DeliveryUpto 5x with 24% interest per year
Equity IntradayUpto 20x
Equity FutureUpto 4x
Equity OptionsUpto 4x for shorting
Currency FutureNil
Currency OptionsNil
Commodity FutureUpto 4x
Commodity Options

Visit Karvy Margin Review for more detail.


Karvy Ratings

Overall Rating Rated 2.0 stars 2.0/5
Fees Rated 2.6 stars 2.6/5
Brokerage Rated 2.4 stars 2.4/5
Usability Rated 2.7 stars 2.7/5
Customer Service Rated 2.2 stars 2.2/5
Research Capabilities

Based on 24 Votes by Karvy Customers

Do you trade with Karvy? Rate Karvy


Karvy Complaint

The number of Karvy customer complaint received by the exchanges. The Karvy consumer complaint report helps understanding the Karvy Stock Broking Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 174,245 3143
BSE 2020-21 36,901 197
NSE 2019-20 243,256 7443
BSE 2019-20 36,503 458
NSE 2018-19 268,272 241
BSE 2018-19 39,838 36
NSE 2017-18 244,753 225
BSE 2017-18 77,702 50
NSE 2016-17 181,384 150
BSE 2016-17 52,545 25

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Karvy Complaints at BSE, NSE and MCX for detail report.


57 Comments

Arka tukai
57. Arka tukai  Aug 17, 2020 12:00 I Like It. | I Don't Like It. | Report Abuse Reply
we are not getting any dividends

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Himanshu Gupta
56. Himanshu Gupta  Jul 6, 2020 16:12 I Like It. | I Don't Like It. | Report Abuse Reply
Karvy is full fraud company. They use your account with out permission and also curb your money. I dont recommend this to any investor . Please save your money from Karvy

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Bhuwan ch Mathpal
55. Bhuwan ch Mathpal  Apr 9, 2020 13:32 I Like It. | I Don't Like It. | Report Abuse Reply
Sir my dmat ac 3772323 ,I requested for 2 DIS as I have more than 16 scripts while ur DIS HAS 15 MAXIMUM SPACE, PLEASE Send them hurriedly,I applied in February but haven't got any DIS so far, please help me.
raman
54. raman  Mar 12, 2020 23:40 I Like It. | I Don't Like It. | Report Abuse Reply
Any update on the money which is stuck in Karvy accounts?
VINAY KUMAR SINGH
53. VINAY KUMAR SINGH  Nov 11, 2019 10:06 I Like It. | I Don't Like It. | Report Abuse Reply
There is no customer care response,no any solution even several e mail complaints to official of Karvy. My payout issue is pending since 22 October,they are not transferred my money into my account.I have sold out share in financial emergency but no response . Worst worst trading company.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
JITENDRA SINGH
53.1. JITENDRA SINGH  Dec 18, 2019 12:42 I Like It. | I Don't Like It. | Report Abuse
I ALSO USED TO HAVE SAME ACCOUNT AND I FACED SAME PROBLEM THEN I HAD TO SWITCHED MY ACCOUNT WITH MOTILAL OSWAL NOW AM HAPPY WITH IT BEST SERVICES EVER...
M. Pavan Kumar
52. M. Pavan Kumar  Nov 18, 2019 19:20 I Like It. | I Don't Like It. | Report Abuse Reply
Worst....Worst....Worst... hopeless and unprofessional Customer Services. They never respond to mails. They never lift telephones. Never remit pay outs and settle delivary of shares in time(T+2 days). You have to literally beg these brutes. The telephone operator is a mannerless brute. I have never seen such a worst and hopeless and unprofessional broking company. SEBI has to disqualify these buggers.
S R Iyer
51. S R Iyer  Dec 2, 2019 00:07 I Like It. | I Don't Like It. | Report Abuse Reply
Worst share broker. Don't register with them.
JITENDRA
51.1. JITENDRA  Dec 18, 2019 12:30 I Like It. | I Don't Like It. | Report Abuse
I think you should try motilal oswal financial services, based on my personal experience, I will say they have investor-friendly staff, hassle-free services and are customer-centric, always ready to help out the clients in every possible manner......overall best
Nawab Singh
50. Nawab Singh  Dec 17, 2019 16:33 I Like It. | I Don't Like It. | Report Abuse Reply
Worst service, no transparency in brokerage charges. Totally fraud company.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
JITENDRA SINGH
50.1. JITENDRA SINGH  Dec 18, 2019 12:26 I Like It. | I Don't Like It. | Report Abuse
I think you should try motilal oswal financial service , based on my personal experience, I will say they have investor-friendly staff, hassle-free services and are customer-centric, always ready to help out the clients in every possible manner ... overall best.
Pavan Kumar M
49. Pavan Kumar M  Nov 25, 2019 18:31 I Like It. | I Don't Like It. | Report Abuse Reply
One of the Weste service

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
K V RAMA RAO
48. K V RAMA RAO  Oct 15, 2019 13:14 I Like It. | I Don't Like It. | Report Abuse Reply
Brokerage will not transfer funds upon sale of securities on T+2 basis. Average delay is 10 days and requires persistent follow up. They will not lift the phones. For higher amounts, you have to literally beg to transfer the funds pay out.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Very Poor
Overall Experience - Very Poor
Suresha c
48.1. Suresha c  Nov 15, 2019 10:33 I Like It. | I Don't Like It. | Report Abuse
Not good company..customer care is bad..not responding properly..not picked call.i will purchasing 1200 rupes equity shares now not showing amounts..balance.. nothing growths
TARAKKAD RAMAKRISHNAN KRISHNAMOORTHY
47. TARAKKAD RAMAKRISHNAN KRISHNAMOORTHY  Nov 15, 2019 05:45 I Like It. | I Don't Like It. | Report Abuse Reply
I HAVE NOT YET RECEIVED MY RELIANCE INDUSTRIES SHARE SOLD MONEY.SOLD ON 29-10-2019.NOBODY FROM THERE GIVING ANY PROPER REPLY.I AM A SUPER SENIOR CITIZEN NEEDING URGENT FUND, ON MEDICAL GROUND. I/D 215160.NOBODY AT KARVY IS RESPONDING TO PHONES/ E MAILS
S.Verma
46. S.Verma  Jul 28, 2019 22:28 I Like It. | I Don't Like It. | Report Abuse Reply
I open dmat in karvy to 2015.
I trading in there both intraday and delivery .
A---- when I gain profit in there I paid heavy brokerage which is bigger than profit.and B---- when I take losses.the loss is lighter than brokerage charges.
C--- advisory is poor.same like indore.
D---- brokerage is much higher.
E------ broker support is poor, non
coperative, inefficient just like sbi
employees.
F----- karvy broking firm is share market
post office.NO DOUBT👎
TEJASWINI MALKAJGIRI
45. TEJASWINI MALKAJGIRI  Apr 19, 2019 10:09 I Like It. | I Don't Like It. 1 | Report Abuse Reply
I had been trading in Karvy's demat account since May 2018 and it was a good experience. I had enough support provided by my advisor and the responses were timely.

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Average
Website Usability - Average
Customer Service - Above Average
Overall Experience - Average
PRADEEP K NAIR
44. PRADEEP K NAIR  Mar 12, 2019 16:59 I Like It. | I Don't Like It. | Report Abuse Reply
I've been asking for the bonus shares for almost 2 weeks now and I always get an auto response and and copy/paste answer. After providing all the requested details, it still goes to deaf ears. They don't read your email.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Below Average
Customer Service - Very Poor
Overall Experience - Very Poor
Dilip rai
43. Dilip rai  Feb 13, 2019 11:43 I Like It. | I Don't Like It. | Report Abuse Reply
Very poor service i am going to close my account with CARVY because they are not helpful.
Fully misguiding to investors and without information they have banned various stock which is already traded at present in BSE and NSE.
That means if u have a stock which u want to sell that is already blocked by CARVY only this is totally unlawful, investor made fool by CARVY.
ASHISH KUMAR YADAV
42. ASHISH KUMAR YADAV  Jan 4, 2019 17:39 I Like It. | I Don't Like It. | Report Abuse Reply
High brokerage charge in intraday

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Below Average
Balak Ram
41. Balak Ram  Dec 23, 2018 18:51 I Like It. | I Don't Like It. | Report Abuse Reply
i dislike hidden charges & on net you show option trading charge rs. 30 per lot but your opti

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Above Average
Customer Service - Excellent
Overall Experience - Average
thamaraikannan
40. thamaraikannan  Dec 15, 2018 16:54 I Like It. | I Don't Like It. | Report Abuse Reply
Worst ever seen brokerage firm giving wrong commitments.
0% meeting target
Eats all your capital by brokerage and taxes and loss
Worst telecallers
Worst service providers
2 years I m trying to get a simple help but I couldn't still.
Idiotic app
Plz don't use this karvy for your demat or anything else.
I m trying to complaint against this in SEBI


Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
Anish Kumar
39. Anish Kumar  Dec 1, 2018 10:31 I Like It. | I Don't Like It. | Report Abuse Reply
Sabse bada chor h. All retailer investor are requested to close your account in Karvy and shift to Zerodha for better service and protect your Capital.
Manoj kumar gupta
38. Manoj kumar gupta  Nov 28, 2018 21:03 I Like It. | I Don't Like It. | Report Abuse Reply
इस कम्पनी की सर्विस इतनी घटिया है की मै अपने दुश्मन को भी यहा ट्रेडिंग करने की सलाह ना दु
.
बिना बताये ग्राहक का स्टाक बेच देना
.
फ़िर फोन ना उठाना नम्बर ब्लाक लिस्ट मे डालना
.
हाइ ब्रोकरेज चार्ज करना
.
अपनी जिम्मेदारी से भागना
.
प्रोब्ल्म को शोर्ट आउट ना करना
.
ये तमाम खुबिया अगर किसी मे है तो वो है कारवी स्टाक ब्रोकिन्ग
.
कभी किसी से दुश्मन को भी मै यहा एकाउनट खोलने की सलाह नही दुगा

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor

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