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
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Charge | Karvy Stock Broking Ltd. | Upstox |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹0 | ₹249 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹500 p.a. (For 1st year: Free) | ₹300 per year (paid monthly) |
Charge | Karvy Stock Broking Ltd. | Upstox |
---|---|---|
Plan Name | Basic Plan | Basic |
Equity Delivery | 0.3% | ₹0 (FREE) |
Equity Intraday | 0.03% | ₹20 per trade or 0.05% (whichever is lower) |
Equity Futures | 0.03% | ₹20 per trade or 0.05% (whichever is lower) |
Equity Options | ₹50 per lot | ₹20 per trade or 0.05% (whichever is lower) |
Currency Futures | 0.03% | ₹20 per trade or 0.05% (whichever is lower) |
Currency Options | ₹50 per lot | ₹20 per trade or 0.05% (whichever is lower) |
Commodity Options | 0.01% only on the sell side | ₹20 per trade or 0.05% (whichever is lower) |
Mutual Fund | N/A | N/A |
Segment | Karvy Stock Broking Ltd. | Upstox |
---|---|---|
Equity Delivery | Upto 5x | 1x (no margin) |
Equity Intraday | Upto 20x | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
Equity Future | Upto 4x | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
Equity Options | Upto 4x for shorting | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
Currency Future | Nil | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
Currency Options | Nil | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
Commodity Future | Upto 4x | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Commodity Options | N/A | N/A |