Reliance Securities vs Karvy Stock Broking Ltd. Comparison: 2024
About Reliance Securities
Reliance securities also called Reliance Smart Money is a full-service online trading and investment platform and is the broking arm of Reliance Capital. So, let's have a look at Reliance Securities Features, reviews, trading account opening and Brokerage Charges. Reliance Securities started its operation in 2005. It has a strong presence across the country with 1000+ offices serving 8 Lakh customers.
Reliance Securities offers services in:
- Equities
- NCDs/Bonds
- Sovereign Gold Bond
- IPOs
- Mutual Funds
- Derivatives
- Currency
- Corporate FDs
- Insurance Products
- Securities Lending & Borrowing
- Auction Market Participation
Features of Reliance Securities
- Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
- Smart Trading Platforms: Offers a wide range of user-friendly trading platforms from browser-based platform to application based for both computer and mobile devices. It also offers call and trade facility to its customers
- Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures
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
Reliance Securities vs Karvy Stock Broking Ltd. Account Opening Charges: 2024
| Charge | Reliance Securities | Karvy Stock Broking Ltd. |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹950 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹400 p.a. | ₹500 p.a. (For 1st year: Free) |
Reliance Securities vs Karvy Stock Broking Ltd. Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | Karvy Stock Broking Ltd. |
|---|---|---|
| Plan Name | Fixed Online Plan | Basic Plan |
| Equity Delivery | 0.4%\t | 0.3% |
| Equity Intraday | 0.04%\t | 0.03% |
| Equity Futures | 0.04%\t | 0.03% |
| Equity Options | Rs 100/Lot | ₹50 per lot |
| Currency Futures | 0.04%\t | 0.03% |
| Currency Options | Rs 100/Lot | ₹50 per lot |
| Commodity Options | N/A | 0.01% only on the sell side |
| Mutual Fund | N/A | N/A |
Reliance Securities vs Karvy Stock Broking Ltd. Margin / Exposure: 2024
| Segment | Reliance Securities | Karvy Stock Broking Ltd. |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 5x |
| Equity Intraday | Upto 10x | Upto 20x |
| Equity Future | Upto 3x | Upto 4x |
| Equity Options | Nil | Upto 4x for shorting |
| Currency Future | Nil | Nil |
| Currency Options | Nil | Nil |
| Commodity Future | N/A | Upto 4x |
| Commodity Options | N/A | N/A |