Wisdom Capital vs Karvy Stock Broking Ltd. Comparison: 2024
About Wisdom Capital
Start talking of the list of discount brokerages in India, it gets longer every day. And, this list sounds incomplete without adding Wisdom Capital brokerage firm. Since its inception in 2013, Wisdom Capital, an online brand of Ashlar Group of Companies is one of the fast evolving stock brokers in India. Being a discount broker, it offers a low-brokerage model coupled with advanced online trading facilities.
Wisdom Capital: An Overview
A popular online discount broker having an offline presence through 250+ franchises offering services in Equity, Futures & Options, commodities at BSE, NSE, MCX and NCDEX. You can trade in various market segments like NSE Cash, F&O, Commodity and Currency. But, you can't invest in IPO, FPO or Mutual funds through this platform.
Wisdom Capital provides 3 different brokerage plans:
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Freedom Plan
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Pro Plan
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Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)
However, the biggest attraction is its
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
Wisdom Capital vs Karvy Stock Broking Ltd. Account Opening Charges: 2024
| Charge | Wisdom Capital | Karvy Stock Broking Ltd. |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹500 p.a. (For 1st year: Free) |
Wisdom Capital vs Karvy Stock Broking Ltd. Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | Karvy Stock Broking Ltd. |
|---|---|---|
| Plan Name | Ultimate Plan | Basic Plan |
| Equity Delivery | 0.007% | 0.3% |
| Equity Intraday | 0.007% | 0.03% |
| Equity Futures | 0.005%\t | 0.03% |
| Equity Options | ₹ 15/Lot | ₹50 per lot |
| Currency Futures | ₹9 per executed order | 0.03% |
| Currency Options | ₹9 per executed order | ₹50 per lot |
| Commodity Options | 0.005% | 0.01% only on the sell side |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs Karvy Stock Broking Ltd. Margin / Exposure: 2024
| Segment | Wisdom Capital | Karvy Stock Broking Ltd. |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | Upto 5x |
| Equity Intraday | 5x to 40x (as per brokerage plan) | Upto 20x |
| Equity Future | 5x to 20x (as per brokerage plan) | Upto 4x |
| Equity Options | 5x to 40x (as per brokerage plan) | Upto 4x for shorting |
| Currency Future | 4x to 15x (as per brokerage plan) | Nil |
| Currency Options | 4x to 15x (as per brokerage plan) | Nil |
| Commodity Future | 5x to 20x (as per brokerage plan) | Upto 4x |
| Commodity Options | N/A | N/A |