Karvy Stock Broking Ltd. vs Zerodha 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 Zerodha

Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. Zerodha demat and trading account Review.webp

Zerodha: Overview

Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be

Karvy Stock Broking Ltd. vs Zerodha Account Opening Charges: 2024

ChargeKarvy Stock Broking Ltd.Zerodha
Demat Account Opening Charges₹0₹0 (Free)
Trading Acc Opening Charges₹0₹200 (Equity) + Rs.100 (Commodity)
Trading Account AMC₹0₹0 (Free)
Demat Account AMC₹500 p.a. (For 1st year: Free)₹300 per year

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

ChargeKarvy Stock Broking Ltd.Zerodha
Plan NameBasic PlanFlat Brokerage Plan
Equity Delivery0.3%₹0 (Free)
Equity Intraday0.03%Flat ₹20 or 0.03% (whichever is lower) per executed order
Equity Futures0.03%Flat ₹20 or 0.03% (whichever is lower) per executed order
Equity Options₹50 per lotFlat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover)
Currency Futures0.03%Flat ₹20 or 0.03% (whichever is lower) per executed order
Currency Options₹50 per lotFlat ₹20 or 0.03% (whichever is lower) per executed order
Commodity Options0.01% only on the sell sideFlat ₹20 or 0.03% (whichever is lower) per executed order
Mutual FundN/A₹0 (Free Unlimited Direct MF)

Karvy Stock Broking Ltd. vs Zerodha Margin / Exposure: 2024

SegmentKarvy Stock Broking Ltd.Zerodha
Equity DeliveryUpto 5x 1x (no margin)
Equity IntradayUpto 20xUp to 20x (based on the stock)
Equity FutureUpto 4xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Equity OptionsUpto 4x for shortingIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency FutureNilIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Currency OptionsNilIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)
Commodity FutureUpto 4xIntraday - 40%(2.5x), Carry forward - 100%(1x) of Span
Commodity OptionsN/AN/A

Karvy Stock Broking Ltd. vs Zerodha Currency Charges and Plans: 2024

Karvy Stock Broking Ltd. charge 0.03% for Currency Futures and ₹50 per lot for Currency Options whereas Zerodha Charges Flat ₹20 or 0.03% (whichever is lower) per executed order for Currency futures and Flat ₹20 or 0.03% (whichever is lower) per executed order for Currency options.

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

Karvy Stock Broking Ltd. charge 0.01% only on the sell side for commodity and Zerodha charge Flat ₹20 or 0.03% (whichever is lower) per executed order for commodity.
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