Karvy Online Review – Services, Brokerage Charges, Margin, DEMAT Account, Platforms, Research Reports & More

Karvy Online (Karvy Stock Brokering Ltd)

Karvy Online is a Full-Service stockbroker of India. It comes from the Karvy Group House of financial Firms. Karvy Stock Brokering Ltd is one of the oldest players in the field of broking and was incorporated in the year 1985.

The stockbroker presently covers more than 400+ cities across the country with few international offices in the city of New York and Dubai.

Karvy Online is very well optimized in offering the best services to its retail customers. Well, not only in the field of retail broking, Karvy Online plays a prominent role in the zone of Corporate investments and institutional trading too.

The key man behind the company is Mr. C Parthasarathy, and the headquarters located in the city of Hyderabad, India. Karvy gained its popularity by the work and efforts shown in the form of profitable results.

The broker not only offers trading and other financial services but also deals in data processing and managing systems for its vendors and other clients; everything is mentioned in this Karvy Online review.

All the financial services offered by Karvy Online are specially customized to deal with retail businesses. The main requirements of building skills and processing the transaction area are the key point of Karvy’s success.

During the hazardous environment of financial services, the non-financial services of Karvy Online help the company to stay strong and stable in the business.

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At present, the company carries a large no of the customer base of more than 70 million investors in all diverse segments and provides multiple flexible investment services. Karvy online is currently with a partnership with more than 600 corporate groups; this reflects the quality of Karvy Stock Brokering Ltd.

Karvy Online is a certified partner of BSE, NSE, MCX-SX, MCX, and NCDEX. It offers various trading and investment facilities including:

  • Equity Trading
  • Currency Trading
  • IPO investment
  • Mutual Funds
  • Fixed Deposits
  • Derivative Trading
  • Commodity Trading
  • ETFs
  • NCDs
Karvy Online Review

Karvy Online Trading Platforms

Karvy Online is one of the oldest full-service brokers of India. The broker is very much experienced in offering various trading platforms and services to its clients; it mainly includes desktop-based trading, web-based trading, and mobile-based trading based on user’s interests and preferences.

Karvy Online also offers call and trade facilities to its users, including SMS Services. So let’s discuss more its trading platforms in detail.

I. Karvy Online NEST Trading Application

NEST Trading Application is a Windows-based .exe file. It involves both the downloading and installation procedures. It allows the trader to trade across all leading stock exchanges.

Some of the hardware and software related requirement for installing this trading platform are:

Operating System: Windows 7 or later and no support for Macintosh to date.

Minimum Hard Disk Space: 15 MB

Minimum Processor Speed: 500 Mhz Pentium III or compatible.

Minimum RAM Needed: 256MB

Here are some features of Karvy NEST Trading Application:

  • It allows the user to buy and sell stocks in just a few simple clicks.
  • Create customized groups for the market watch list to track scrips based on your choice and preferences.
  • It allows the trader to monitor past trade data, positions of real-time stocks, and other data of the orders available.
  • The applications offer personalized alerts creations based on stocks, price change, availability, and other market-related states depending upon your interest and values.
Karvy Online Review

II. Karvy Online NEST WEB

Karvy Online NEST WEB is a web browser-based trading application where the trader doesn’t need to download or install any trading application.

The login process is very easy and hassle-free as it involves only browser-based steps. Just click on the official trading link to enter your login credentials and start trading.

The trading platform supports almost every popular web browser, including Google Chrome, Mozilla Firefox, Internet Explorer, Microsoft Edge, and Safari.

Here are some best features of the trading platform:

  • The platform allows the trader to view order books, trade books, and intraday books.
  • It provides access to all back-office features and the reports, notifies with real-time news and overall market picture.
  • It allows the user to place orders; you can modify and cancels orders too using the trading terminal.
  • It adds a provision to transfer funds from almost every nationalized bank of the country.
  • It helps the user to monitor and analyze all intraday charts that display the price list, trade sizes, and other Cumulative volumes of the trade.

III. Karvy Online Trade Mobile App

Karvy Online Mobile App is an advanced well-optimized easy to use mobile trading application. The trading app is available in almost all popular mobile platforms, including Android, iOS, and Windows mobile.

It covers vital trading information with quotes on a real-time basis, market trends reports and live updates, and many more.

Some of the best features of the mobile trading app are:

  • The mobile app allows the user to trade with all trading stock exchanges, including BSE, NSE, and MESI, and with these, the investor can perform the trade in Derivatives, Currency, and Equity.
  • In includes portfolio management and fund transfer from multiple banks across the country.
  • It comes with additional unique benefits where a non-user of Karvy online can use the application in Guest mode and can access the market tracking and real-time trading news.
  • It comes with come best-inbuilt features like Live Chat and Asks the Expert.
  • It is a very well optimized and secured trading application to provide the best trading results to its clients.

However, the mobile app also comes with few issues as the users raised complaints against the application to the broker, which includes:

  • Multiple logins and logout issues, even with valid credentials. 
  • Random session expiry issues 
  • Very tough to perform trading analysis and real-time monitoring.

Also Read: Sharekhan Vs Karvy – Comparative Study

Karvy Online Research Reports And Services

Being a Full-service Stockbroker Karvy Online offers the best accurate research reports. The trade recommendations and tips, including technical and fundamental analysis.

The broker offers various types of reports to its users in definite time intervals. Some of them are mentioned below:

Daily Technical Reports

  • Daily Wrap Up Reports
  • Morning Moves Daily Reports

Weekly Technical Reports

  • Weekly Snippets Reports
  • Smart Trader Weekly Reports

Monthly Technical Reports

  • Value Max Monthly reports
  • Special monthly Reports
  • Monthly Technical Archive Reports

Fundamental Reports

  • Fundamental Reports Based On Initial Coverage
  • Company Based Fundamental Reports
  • Fundamental Thematic Reports
  • Economic And Strategic Fundamental Reports
  • Other Special Fundamental Reports

Other Miscellaneous Reports

  • Reports On Company’s Strategies And Planning

Lastly, the full-service broker holds a dedicated in house based research team. The research reports they design after longs hours of analysis and monitoring get published in multiple newspapers, industrials reports, and financial journals.

The accuracy and proficiency of the reports offered by the broker are much better when compared with other brokers in the markets and with other industrial perspectives.

Just by depending on the reports, the trading done by its client turns out to be profitable and certainly gained much importance amongst its clients, which in result allows the reports to be published in multiple journals and newspapers.

Karvy Online Customer Care, Support, and Office Addresses. 

The Karvy online is India’s one of the trusted full-service stockbrokers, and it offers multiple customer communication channels to provide the best customer service to its users.

Here are some top communication channels offered:

  • Karvy Offline Branches
  • Via Email Support
  • Over Phone Support
  • Social Media Messaging
  • Conversation Over Online Web Portal

Offering various communication channels to its users makes Karvy Online an authentic, trustworthy, and reasonably well stockbroker when compared with other big players.

Well, considering its quality, the broker offers a very well maintained support team to resolve all the queries in a set stipulated time. The queries raised by its users are treated on priority best to provide the best resolution in the least time.

However, the query turnaround time is very well handled by the officials, but behavioral nature must need to be worked to offer personalized assistance. To date, the communication provided is a sort of robotic and template-based response.

Registered OfficeKarvy House,No. 46, 8-2-609/K
Avenue 4, Street No. 1Banjara Hills,
Hyderabad – 500 034.
Telangana, India.
+91-40-23312454
Corporate OfficeKarvy Millennium
Plot No 31 & 32Financial District
Nanakramguda Gachibowli,
Hyderabad – 500 032.
Telangana, India.
+91-40-67162222/ 33211000
Toll-Free No. for Equity1800 419 8283
Toll-Free No. for Commodity1800 425 1900
Toll-Free No. for Mutual Funds1800 425 8282
Skype Contact DetailsFor Market And Investments[email protected] [email protected]
Email ID for Equity[email protected]
Email ID for Commodity[email protected]
Email ID for Mutual Funds[email protected]

Karvy Online Pricing And Charges

Though Karvy Online is a Full-Service broker and the charges it imposes on its users are kind of average or you can say it’s not very expensive nor cheap, which holds sensible trading. Here are the details of the full charges:

I. Karvy Online Account Opening Charges

The Broker offers 2 in 1 account to its users, i.e., a Trading Account and a DEMAT Account. The details of the charges that a user need to pay for these are: 

SEGMENTOpening Charges
First Time Opening Charges For Trading Account (One Time)Rs. 0
First Time Opening Charges(One Time) For DEMAT AccountRs. 420/-
Charges For Annual Maintenance Trading Account (AMC)Rs. 0
Charges For Annual Maintenance DEMAT Account (AMC)Rs. 500 yearlyAnd FREE for the 1st Year

Offering a Full-service brokering experience to its customers at minimum cost helps KARVY Online to set an unbeatable industry level benchmark amongst other big players.

II. Karvy Online Brokerage Charges

The broker comes of a variety of brokerage plans based on retail and institutional levels. Whereas at the fundamental levels, the brokerage charges are minimized for its customers.

The charges always depend on the plan you pick. The broker offers 2 main plans i.e. the Retail Brokerage Plan and the Premium Brokerage Plan. Kindly check the details mentioned below and the plans which suited you the best.

Karvy Online Retail Brokerage Plan

This plan is considered as a stable plan for maximum users while considering a Full-Service broker and its services offered.

Here are the charges Karvy online charges across all trading segments are mentioned:

SegmentsBrokerage Charge
Equity Delivery0.3%
Equity Intraday0.03%
Equity Futures0.03%
Currency Futures0.03%
Equity OptionsRs. 30 per lot
Currency OptionsRs. 30 per lot
Commodity0.03%

As mentioned in the above table, the brokerage charges imposed by Karvy Online are much low and are said to be in line with the industry standards.

Well, for instance, we can check that many Full-service brokers charge Equity Delivery at 0.5% while some of the charges around 0.1%. But in the case of Karvy Online, the brokerage for Equity Delivery is 0.3%.

In addition, Karvy Online charges Rs.30 per lot for both Equity Options and Currency Options; it makes the trading very economical and profitable.

Lastly, being a User, it is always recommended to negotiate the brokerage charges as much as possible before depositing the initial trading money.

Karvy Online Premium Brokerage Plan

If you want to go with this brokerage plan, then at first, you have to pay an upfront amount to the stockbroker, and from that, the brokerage charges are deducted according to your trade pattern and preferences.

The main advantage of choosing this brokerage plan is that the brokerage charges are very low, almost 1/3rd of the normal retail Brokerage plan.

SegmentsBrokerage Charges
Flat Monthy FeeRs. 100000 per year
Equity Delivery0.1%
Equity Futures0.01%
Equity Intraday0.01%
Equity OptionsRs. 10 per lot
Currency OptionsRs. 10 per lot
Currency Futures0.01%
Commodity0.01%

III. Karvy Online Transaction Charges

To know all the detailed information of Karvy Online transaction charges, do check the data mentioned below:

SegmentsTransaction Charges
Equity DeliveryRs.325
Equity IntradayRs. 325
Equity OptionsRs. 5500
CommodityRs. 300
Equity FuturesRs. 230
Currency FuturesRs. 325

The transaction charges imposed by Karvy Online are: For Equity Options and Equity Futures the charges are Rs. 5500 and Rs. 230 respectively. However, in the case of Currency futures, the charges are Rs. 325. 

Whereas for Equity (CASH and Delivery) the charge is Rs. 325. Lastly, in the case of Commodities, the charges are Rs. 300.

IV. Karvy Online Other Charges

Here are some additional yet mandatory charges mentioned below:

SegmentsCharges
STT0.01% only on the sell-side
Transaction Charges0.003%
Goods And Service Tax (GST)18% on (Brokerage + transaction charges)
SEBI ChargesRs. 10 per Crore
Stamp Duty0.01% or a maximum of Rs. 50 depending upon the state rules.

These are the charges pre-defined by the government on a percentage basis. The STT Charges are 0.01% only on the sell-side and the SEBI Charges are Rs. 10 per crore. 

Each transaction costs you a transaction charge of 0.003%. Whereas in the case of GST it is the cumulative summation of brokerage and transaction charge and the percentage of GST is 18%. 

Lastly, the stamp duty imposed by the broker is also mandatory (0.01% or a maximum of Rs. 50 depending upon the state rules) however the charges are minimum based on the state you are trading from.

Karvy Online Margin and Exposure

Here in this below table, we had provided all margins and exposure offered by Karvy Online to its clients:

Trading SegmentsMargin and Exposure
Equity deliveryUp to 5x exposure with 24% interest per year
Equity IntradayUp to 20x times exposure on Intraday and no margin on the delivery
Equity FuturesUp to 4x times margin for Intraday
Equity OptionsUp to 4x times leverage for shorting and no leverage for buying
Currency FuturesNil or No Leverage Offered
Currency OptionsNil or No Leverage Offered
Commodity FuturesUp to 4x times leverage for Intraday

From the table mentioned above, we came to know that the broker is not offering a high margin to its clients when compared with other big players.

The broker only offers Up to 5x exposure with 24% interest per year on Equity delivery, Up to 20x times exposure on Intraday, and no margin on the delivery on Equity intraday. 

Whereas to 4x times margin on both Equity F&O and Commodity Futures. Lastly, it’s quite disheartening that the broker doesn’t offer any leverage on Currency Futures and Options.

Karvy Online with its Closest Competitor.

Karvy Online Comparison With Closet Discount Brokers

BrokerKarvy Online5paisaZerodhaUpstox
Service TypeFull-Service BrokerOnline Discount Stock BrokerOnline Discount Stock BrokerOnline Discount Stock Broker
Brokerage Range0.03 to 0.3%A fixed charge of Rs. 10A fixed charge of Rs. 20A fixed charge of Rs. 20
Account Type2 in 12 in 1 (Trading and DEMAT)2 in 1 (Trading and DEMAT)2 in 1 (Trading and DEMAT)
Equity Delivery0.3% or 30 paisaRs. 10 (Fixed)Rs. 0Rs. 0 or no charge
Equity Intraday0.03% or 3 paisaFixed charge of Rs. 10Rs. 20 or 0.01% (lowest will be preferred)Rs. 20 or 0.01% (lowest will be preferred)
Equity Futures0.03% or 3 paisaRs. 10 (Fixed)Rs. 20 or 0.01% (lowest will be preferred)Rs. 20 or 0.01% (lowest will be preferred)
Equity optionsRs 50 Per LotRs. 10 (Fixed)Rs. 20 (Fixed)Rs. 20 (Fixed)
CommodityOption0.03% or 3 paisaRs. 10 (Fixed)Rs. 20 (Fixed)Rs. 20 (Fixed)
Currency futures0.03% or 3 paisaRs. 10 (Fixed)Rs. 20 or 0.01% (lowest will be preferred)Rs. 20 or 0.01% (lowest will be preferred)
Currency optionsRs 50 Per LotRs. 10 (Fixed)Rs. 20 (Fixed)Rs. 20 (Fixed)
Rating4.0 out of 54.0 out of 54.3 out of 5out of 5

Karvy Online Comparison with Closet Full Service Broker.

BrokerKarvy OnlineSharekhan Online TradingAngel broking online tradeEdelweiss financial service Ltd
Service TypeFull-Service BrokerThe financial firm offers full-service brokingThe financial firm offers full-service brokingThe financial firm offers full-service broking
Brokerage Range0.03 to 0.3%The percentage  ranging from 0.10 percent to 0.50 percent based on trade orderVaries from Rs. 15 to Rs.30 depending upon the segmentVaries from Rs. 10 to 0.5% depending upon the segment
Account Type2 in 12 in 1 (Trading and DEMAT)2 in 1(Trading and DEMAT)2 in 1 (Trading and DEMAT)
Equity Delivery0.3% or 30 paisa0.5% or 50 paisa (lowest will be considered)If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be chargedRs.10 or 0.01% (lowest will be considered)
Equity Intraday0.03% or 3 paisa0.1% or 10 paisa (lowest will be considered)If under Rs. 50,000 then Rs. 15 will be chargedIf above Rs. 50,000 then Rs. 30 will be chargedRs.10 or 0.01% (lowest will be considered)
Equity Futures0.03% or 3 paisa0.1% or 10 paisa (lowest will be considered)Rs. 30 (fixed Charge)Rs.10 or 0.01% (lowest will be considered)
Equity OptionsRs 50 Per LotRs. 250 only or 2.5 percent of the premium (higher value will be considered)Rs. 30 (fixed Charge)Rs. 10 (fixed Charge)
Commodity0.03% or 3 paisaThe charge varies from 0.1 percent or Rs. 0.10 (lowest will be considered)Rs. 30 (fixed Charge)Not Applicable
Currency futures0.03% or 3 paisa0.1% or Rs. 0.10 (lowest will be considered)Rs. 30 (fixed Charge)Rs.10 or 0.01% (lowest will be considered)
Currency optionsRs 50 Per LotRs. 250 only or 2.5 percent of the premium (higher value will be considered)Rs. 30 (fixed Charge)Rs. 10 (fixed charge)
Rating4.0 out of 54.0 out of 54.3 out of 54.1 out of 5

Karvy Online  Customer Complaints received at BSE/NSE

Though Karvy Online offers best in class trading services and platforms to its clients. However, still, there are multiple numbers of customer complaints raised against Karvy Stock Brokering Ltd. here we had to offer the summarized form of complaints about reference purposes only.

ExchangeFinancial YearNumber of Clients *Total Complaints **
BSE2019-2031,68318
NSE2019-20282,709635
BSE2018-1939,83836
NSE2018-19268,272241
BSE2017-1877,70250
NSE2017-18244,753225
BSE2016-1752,54525
NSE2016-17181,384150
BSE2015-1637,33438
NSE2015-16166,923191
karvy demat account

Karvy Online Merits And Demerits

Merits

  • The broker offers a single login facility for all its segments including Equities, Currencies, and F&O.
  • Karvy Stock brokering Ltd allows the user to invest in IPO and Mutual funds.
  • The full-service stockbroker offers more than 60 types of technical charts for its customers.
  • It offers free research reports and tips for better profitable trading.
  • Surprisingly Karvy Online offers zero AMC for the 1st year of DEMAT Account.
  • Karvy Online offers a variety of other services to its clients including Live Chat facility, classroom trading sessions, webinars, online trading tutorials, and research articles by experts to guide beginners to learn to trade.

Demerits

  • It lacks in offering the 3 in 1 account to its users.
  • Brokerage rates are negotiable means no transparency in rates.
  • No referral programs for better engagement of traders.
  • The brokerage charges are a bit on the higher side when compared with other brokers.
  • No support for Macintosh users in the field of trading, it limits the efficiency of the trader.
  • Not optimized mobile trading platforms.

Conclusion

Effective and profitable trading only comes when we do good market research and planning. This is only possible if we choose a good broker for trading. Karvy online is currently one of the best performing full-service brokers in the market of India.

It also offers decent research reports and services, customer support, manageable trading exposure, and reasonable brokerage charges.

However, Karvy Online review comes with few drawbacks too but always makes sure that you analyze your trading needs and preferences and then plan accordingly.

Karvy Online FAQs

Q1. What is the GST of Karvy online?

Ans. The GST of Karvy Online is 18% on (Brokerage + transaction charges).

Q2. What is the SEBI charge of Karvy Online?

Ans. The SEBI charge of Karvy online is Rs. 10 per Crore.

Q3. What is the Stamp Duty Charge of Karvy online?

Ans. The Stamp Duty charge of Karvy Online is, maximum of Rs. 50 or 0.01% as per the state rules.

Q4. What are the best advantages of Karvy online?

Ans. The advantages of Karvy Online are:

  • The broker offers a single login facility for all its segments, including Equities, Currencies, and F&O.
  • Karvy Stock brokering Ltd allows the user to invest in IPO and Mutual funds.
  • The full-service stockbroker offers more than 60 types of technical charts for its customers.
  • It offers free research reports and tips for better profitable trading.
  • Surprisingly Karvy Online offers zero AMC for the 1st year of DEMAT Account.
  • Karvy Online offers a variety of other services to its clients, including Live Chat facility, classroom trading sessions, webinars, online trading tutorials, and research articles by experts to guide beginners to learn to trade.

Q5. Are there any disadvantages of Karvy Online?

Ans. The Disadvantages of Karvy Online are:

  • It lacks in offering the 3 in 1 account to its users.
  • Brokerage rates are negotiable means no transparency in rates.
  • No referral programs for better engagement of traders.
  • The brokerage charges are a bit on the higher side when compared with other brokers.
  • No support for Macintosh users in the field of trading, it limits the efficiency of the trader.
  • Not optimized mobile trading platforms.
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