Finvasia vs Karvy Stock Broking Ltd. Comparison: 2024
About Finvasia
Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.
Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.
Finvasia: an overview
Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides
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
Finvasia vs Karvy Stock Broking Ltd. Account Opening Charges: 2024
| Charge | Finvasia | Karvy Stock Broking Ltd. |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹0 (Free) | ₹500 p.a. (For 1st year: Free) |
Finvasia vs Karvy Stock Broking Ltd. Brokerage Charges and Plans : 2024
| Charge | Finvasia | Karvy Stock Broking Ltd. |
|---|---|---|
| Plan Name | Standard | Basic Plan |
| Equity Delivery | ₹0 | 0.3% |
| Equity Intraday | ₹0 | 0.03% |
| Equity Futures | ₹0 | 0.03% |
| Equity Options | ₹0 | ₹50 per lot |
| Currency Futures | ₹0 | 0.03% |
| Currency Options | ₹0 | ₹50 per lot |
| Commodity Options | ₹0 | 0.01% only on the sell side |
| Mutual Fund | N/A | N/A |
Finvasia vs Karvy Stock Broking Ltd. Margin / Exposure: 2024
| Segment | Finvasia | Karvy Stock Broking Ltd. |
|---|---|---|
| Equity Delivery | 1x | Upto 5x |
| Equity Intraday | Upto 10x | Upto 20x |
| Equity Future | 2x | Upto 4x |
| Equity Options | 1x | Upto 4x for shorting |
| Currency Future | 1x | Nil |
| Currency Options | 1x | Nil |
| Commodity Future | 2x | Upto 4x |
| Commodity Options | 1x | N/A |