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: 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
| Charge | Karvy 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
| Charge | Karvy Stock Broking Ltd. | Zerodha |
|---|---|---|
| Plan Name | Basic Plan | Flat Brokerage Plan |
| Equity Delivery | 0.3% | ₹0 (Free) |
| Equity Intraday | 0.03% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | 0.03% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹50 per lot | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | 0.03% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹50 per lot | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | 0.01% only on the sell side | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Karvy Stock Broking Ltd. vs Zerodha Margin / Exposure: 2024
| Segment | Karvy Stock Broking Ltd. | Zerodha |
|---|---|---|
| Equity Delivery | Upto 5x | 1x (no margin) |
| Equity Intraday | Upto 20x | Up to 20x (based on the stock) |
| Equity Future | Upto 4x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Upto 4x for shorting | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | Upto 4x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |