Angel Broking vs Karvy Stock Broking Ltd. Comparison: 2024
About Angel Broking
In this post, you'll know about Angel Broking Trading and Demat Account Opening and Brokerage Charges. You can also have a sneak peak into the Angel Broking apps and important features.
Angel Broking: An Overview
Angel Broking is a leading stock broking and wealth management firm. The company was founded in 1987 and has grown over the years as a leading Financial Investment service provider in India. Angel Broking serves more than 1 million customers with its presence in 900+ cities with 8500+ strong network of sub-brokers.
So, let's begin with the wide range of products and services that Angel Broking offers you.
Angel Broking: Product and Services Offered
- Equity
- Initial Public Offering (IPO)
- Commodity Trading
- Currency Trading
- Derivatives
- Life Insurance
- Mutual Funds
- Portfolio Management Service (PMS)
- Depository Services
- Investment Advisory
- Offline to Online conversion
- Intraday Trading
It provides the iTrade Prime (Flat fee) Trading Plan which has Free Equity Delivery and
About Karvy Stock Broking Ltd.
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
Angel Broking vs Karvy Stock Broking Ltd. Account Opening Charges: 2024
| Charge | Angel Broking | Karvy Stock Broking Ltd. |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹600 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 (from 2nd year onwards) | ₹500 p.a. (For 1st year: Free) |
Angel Broking vs Karvy Stock Broking Ltd. Brokerage Charges and Plans : 2024
| Charge | Angel Broking | Karvy Stock Broking Ltd. |
|---|---|---|
| Plan Name | iTrade Prime | Basic Plan |
| Equity Delivery | ₹0 | 0.3% |
| Equity Intraday | Flat ₹20 per executed order | 0.03% |
| Equity Futures | Flat ₹20 per executed order | 0.03% |
| Equity Options | Flat ₹20 per executed order | ₹50 per lot |
| Currency Futures | Flat ₹20 per executed order | 0.03% |
| Currency Options | Flat ₹20 per executed order | ₹50 per lot |
| Commodity Options | Flat ₹20 per executed order | 0.01% only on the sell side |
| Mutual Fund | N/A | N/A |
Angel Broking vs Karvy Stock Broking Ltd. Margin / Exposure: 2024
| Segment | Angel Broking | Karvy Stock Broking Ltd. |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 5x |
| Equity Intraday | Upto 10x | Upto 20x |
| Equity Future | Upto 4x | Upto 4x |
| Equity Options | 3x for shorting | Upto 4x for shorting |
| Currency Future | Upto 2x | Nil |
| Currency Options | Upto 5x for shorting | Nil |
| Commodity Future | 3x | Upto 4x |
| Commodity Options | N/A | N/A |