Please note than as of Friday, 22 Nov, 2019, Karvy Stock Broking Ltd is barred by SEBI from taking on any new clients, after finding alleged client-related fraud. However, Karvy will still serve the existing client base. They can still trade and manage the existing client’s demat accounts, and still serve services like applying in IPOs, and still retain the option to close their account anytime, but opening up of new accounts is prohibited.
Karvy Stock Broking Ltd (KSBL), established in 1990, is a subsidiary of KARVY Group, who happen to be one of India's popular financial services company. The firm, being a full service broker, offers stock broking and research advisory services too.
Karvy Stock Broking: Overview
Karvy Stock Broking Ltd (KSBL) is based out of Hyderabad, and is the brokerage-subsidiary Karvy Group. The firm happens to be a registered member of BSE, NSE, MCX, and ICEX along with being a registered depository member of CDSL and NSDL. Along with that, they also offer custom-investment solutions to catering to all sorts of clients including corporate, institutions and individual investors alike. Also, with their combined account facilities, the firm offers trading in equities, derivatives, currencies, IPOs, mutual funds and NCDs.
The firms has a huge branch network spread across 900+ branches throughout the country, offering online as well as offline services to clients, along with offering facilities such as call n’ trade, assisted trading, portfolio management and advisory services.
In terms of accounts, the firm keeps it quite simple: 1. Karvy Demat Account: Karvy’s demat account simply provides facility to hold securities in dematerialised form, including shares and bonds.
2. Karvy Trading Account: With this type, one can open both the Demat Account and Trading Account.
3. Karvy NRI Account: Karvy also facilitates NRIs a 2 in 1 account with which they can trade equity, derivatives, commodity, currency, IPO, and mutual funds, along with holding securities in demat account.
4. Karvy Mutual Fund Account: As the name suggests, this type of account facilitates mutual fund holding,
|Demat Account Opening Charges||₹0|
|Trading Acc Opening Charges||₹0|
|Trading Account AMC||₹0|
|Demat Account AMC||₹500 p.a. (For 1st year: Free)|
|Plan Name||Basic Plan|
|Equity Options||₹50 per lot|
|Currency Options||₹50 per lot|
|Commodity Options||0.01% only on the sell side|
Currency trading can be both, a powerful hedging and investment tool. With Karvy Stock Broking, you can trade and also hedge against foreign exchange risk using currencies. The firm offers trading in four types of currencies-
Karvy Commodities was one of the first few commodity brokers whom started eKYC, an option wherein customers have the option of opening an account in minutes just based on one’s Aadhar card.
Karvy Stock Broking’s commodity service provides a wide range of options to trade from including precious metals like
|Equity Delivery||Upto 5x|
|Equity Intraday||Upto 20x|
|Equity Future||Upto 4x|
|Equity Options||Upto 4x for shorting|
|Commodity Future||Upto 4x|