ICICI Direct vs Karvy Stock Broking Ltd. Comparison: 2024

About ICICI Direct

ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.

ICICI Direct: Overview

The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.

The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for

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

ICICI Direct vs Karvy Stock Broking Ltd. Account Opening Charges: 2024

ChargeICICI DirectKarvy Stock Broking Ltd.
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹975 (One-time)₹0
Trading Account AMC₹0₹0
Demat Account AMC₹700 per year₹500 p.a. (For 1st year: Free)

ICICI Direct vs Karvy Stock Broking Ltd. Brokerage Charges and Plans : 2024

ChargeICICI DirectKarvy Stock Broking Ltd.
Plan NameI-Secure PlanBasic Plan
Equity Delivery0.55%0.3%
Equity Intraday0.275% 0.03%
Equity Futures0.050%0.03%
Equity Options₹95 per lot and Option (Intraday) ₹50 per lot₹50 per lot
Currency Futures0.050% and Currency Futures(Intraday) ₹500.03%
Currency Options₹25 per lot and Currency Options (Intraday) ₹10 per lot₹50 per lot
Commodity OptionsN/A0.01% only on the sell side
Mutual FundN/AN/A

ICICI Direct vs Karvy Stock Broking Ltd. Margin / Exposure: 2024

SegmentICICI DirectKarvy Stock Broking Ltd.
Equity Delivery5xUpto 5x
Equity IntradayUpto 25xUpto 20x
Equity Future4xUpto 4x
Equity Options2x for shortingUpto 4x for shorting
Currency FutureN/ANil
Currency OptionsN/ANil
Commodity FutureN/AUpto 4x
Commodity OptionsN/AN/A

ICICI Direct vs Karvy Stock Broking Ltd. Currency Charges and Plans: 2024

ICICI Direct charge 0.050% and Currency Futures(Intraday) ₹50 for Currency Futures and ₹25 per lot and Currency Options (Intraday) ₹10 per lot for Currency Options whereas Karvy Stock Broking Ltd. Charges 0.03% for Currency futures and ₹50 per lot for Currency options.
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