Indiabulls vs Karvy Stock Broking Ltd. Comparison: 2024
About Indiabulls
India bulls ventures Ltd. is a flagship company of the Indiabulls group operating in the capital market since 1999 with multiple subsidiary companies fields like housing finance, personal wealth as well as a presence in Real estate, pharmaceuticals, and infrastructure sector.
Formerly known as Indiabulls Securities Ltd, it re-launched its trading platform under the name \Indiabulls Shubh\ in 2019. It is one of the largest discount brokers in India with a client base of approximately 7 lakhs spread across 18 cities.
India Bulls Stock Broker: An overview
The broking venture under the India bulls company is known in the market by the name of 'Shubh'. this broking firm was founded in 1995 by Sameer Gehlot and has managed to gain nationwide recognition and trust ever since. This Mumbai-based firm provides integrated financial services such as Stock broking, Demat account, Equity Research, and Margin Funding.
India bulls Shubh pioneered the online trading platform facility
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
Indiabulls vs Karvy Stock Broking Ltd. Account Opening Charges: 2024
| Charge | Indiabulls | Karvy Stock Broking Ltd. |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 | ₹500 p.a. (For 1st year: Free) |
Indiabulls vs Karvy Stock Broking Ltd. Brokerage Charges and Plans : 2024
| Charge | Indiabulls | Karvy Stock Broking Ltd. |
|---|---|---|
| Plan Name | Equity Unlimited Trade Plan | Basic Plan |
| Equity Delivery | ₹0 | 0.3% |
| Equity Intraday | ₹0 | 0.03% |
| Equity Futures | ₹15 per trade | 0.03% |
| Equity Options | ₹15 per trade | ₹50 per lot |
| Currency Futures | ₹15 per trade | 0.03% |
| Currency Options | ₹15 per trade | ₹50 per lot |
| Commodity Options | 0.03% | 0.01% only on the sell side |
| Mutual Fund | N/A | N/A |
Indiabulls vs Karvy Stock Broking Ltd. Margin / Exposure: 2024
| Segment | Indiabulls | Karvy Stock Broking Ltd. |
|---|---|---|
| Equity Delivery | 1x (No margin) | Upto 5x |
| Equity Intraday | Upto 5x | Upto 20x |
| Equity Future | Intra-day: 4x | Carry forward: 1x | Upto 4x |
| Equity Options | Intra-day: 4x | Carry forward: 1x | Upto 4x for shorting |
| Currency Future | Intra-day: 2x | Carry forward: 1x | Nil |
| Currency Options | Intra-day: 2x | Carry forward: 1x | Nil |
| Commodity Future | N/A | Upto 4x |
| Commodity Options | N/A | N/A |