Karvy Stock Broking Ltd. vs IDBI Direct Comparison: 2024
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
About IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
Karvy Stock Broking Ltd. vs IDBI Direct Account Opening Charges: 2024
| Charge | Karvy Stock Broking Ltd. | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹500 p.a. (For 1st year: Free) | ₹450 p.a. |
Karvy Stock Broking Ltd. vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | Karvy Stock Broking Ltd. | IDBI Direct |
|---|---|---|
| Plan Name | Basic Plan | Standard Plan |
| Equity Delivery | 0.3% | 0.50% |
| Equity Intraday | 0.03% | 0.05% |
| Equity Futures | 0.03% | 0.05% |
| Equity Options | ₹50 per lot | ₹100 per lot |
| Currency Futures | 0.03% | N/A |
| Currency Options | ₹50 per lot | N/A |
| Commodity Options | 0.01% only on the sell side | N/A |
| Mutual Fund | N/A | N/A |
Karvy Stock Broking Ltd. vs IDBI Direct Margin / Exposure: 2024
| Segment | Karvy Stock Broking Ltd. | IDBI Direct |
|---|---|---|
| Equity Delivery | Upto 5x | Nil |
| Equity Intraday | Upto 20x | Upto 4x |
| Equity Future | Upto 4x | Nil |
| Equity Options | Upto 4x for shorting | Nil |
| Currency Future | Nil | N/A |
| Currency Options | Nil | N/A |
| Commodity Future | Upto 4x | N/A |
| Commodity Options | N/A | N/A |