Karvy Stock Broking Ltd.: account opening process online, fees, forms

Karvy Stock Broking Ltd.: Types of Accounts

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, and the broker has partnered with 35+ AMCs.

5. Karvy Corporate Account: Corporate individuals can also open an account to meet their investment requirements, however, an initial margin of Rs. 20 lakh or above is required.

6. Karvy Trust Account: Karvy Trust Account facilitates meeting a trust’s investment requirements, however, it requires an initial margin of minimum Rs 10 lakh.

As stated above also, the opening up of new accounts is prohibited, Karvy can serve only existing client base.