Karvy Stock Broking Ltd. vs Kotak Securities 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 Kotak Securities

Kotak Mahindra Bank is a renowned bank that has well-established itself in the country and a pioneer in embracing newer technological implementations in the banking sector. It has thrived in offering surplus services and features to its customers to simplify the overall banking process.

With this, Kotak Mahindra also offers Kotak Securities, a subsidiary under its name that provides traders and investors alike to trade in the Stock Market. As a broker, it provides quite an impressive array of features and services, which does come in handy while trading and investing in the stock market.

Kotak Securities: An Overview of the Stock Broker

Established in 1994 in Mumbai, Kotak Securities comes under Kotak Mahindra Bank and offers services related to investing and trading in the stock market. Financial services are also included. The bank is targeted primarily towards India and has a broad chain of outlets that spans 1209 branches handling well

Karvy Stock Broking Ltd. vs Kotak Securities Account Opening Charges: 2024

ChargeKarvy Stock Broking Ltd.Kotak Securities
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹0₹750
Trading Account AMC₹0₹0
Demat Account AMC₹500 p.a. (For 1st year: Free)₹600 per year

Karvy Stock Broking Ltd. vs Kotak Securities Brokerage Charges and Plans : 2024

ChargeKarvy Stock Broking Ltd.Kotak Securities
Plan NameBasic PlanFixed Brokerage Plan
Equity Delivery0.3%0.49%
Equity Intraday0.03%0.049% (both side)
Equity Futures0.03%0.049% (both side)
Equity Options₹50 per lot₹300 per lot
Currency Futures0.03%N/A
Currency Options₹50 per lotN/A
Commodity Options0.01% only on the sell sideFutures 0.070%
Mutual FundN/AN/A

Karvy Stock Broking Ltd. vs Kotak Securities Margin / Exposure: 2024

SegmentKarvy Stock Broking Ltd.Kotak Securities
Equity DeliveryUpto 5x N/A
Equity IntradayUpto 20xN/A
Equity FutureUpto 4xN/A
Equity OptionsUpto 4x for shortingN/A
Currency FutureNilN/A
Currency OptionsNilN/A
Commodity FutureUpto 4xN/A
Commodity OptionsN/AN/A

Karvy Stock Broking Ltd. vs Kotak Securities Commodity Charges and Plans: 2024

Karvy Stock Broking Ltd. charge 0.01% only on the sell side for commodity and Kotak Securities charge Futures 0.070% for commodity.
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