Sharekhan Vs Karvy- Comparative Study
Page Contents Table
Sharekhan is a much-known name in the money market especially for being very much customer-oriented in the industry. Sharekhan is a full-service broker providing every possible product of industry in multiple plan options.
Karvy, on the other hand, is also a full-service broker offering various products to their investor. It is also one of the grade 1 broking house of India.
Here we compared both Sharekhan & Karvy on many domains. Investors or probable investors should go thoroughly with this information for a deep-insight.
- Won several awards for detailed research on market trends.
- In terms of customer assistance, Sharekhan is a very dependable name.
- It offers commodity trading.
- DEMAT & Trading Account opening is free.
- Facilitates Margin funding.
- Sharekhan charges minimum brokerage.
- Unlike Sharekhan, Karvy also offers DEMAT & Trading account opening for free.
- Facilitates After Market Order (AMO), BTST, Bracket Order, Cover Order.
- Karvy has a minimum brokerage charge.
- It provides an NRI trading option.
- Ranks within the top 10 stock brokers of India.
- Provides analytical research details to customers.
Comparative Discussion on Service Rank:
According to the rank of service quality based on charges, support, etc. we can rate Sharekhan & Karvy as below:
|Rank based on Brokerage Charges||★★||★★★|
|Rank based on Trading Platform||★★★★||★★★★|
|Rank based on Investments Offering||★★★★★||★★★★|
|Rank based on Customer Service||★★★★||★★★★|
|Broker Type||Full-service Broker||Full-service Broker|
|Exchanges Supported||BSE, NSE, MCX, NCDEX, NSEL||NSE, BSE,MCX-SX,MCX,NCDEX|
Comparative Discussion on Account opening & AMC:
Sharekhan & Karvy both don’t charge for trading & DEMAT account opening. Also, both the broker doesn’t charge for trading account AMC, but there are AMC charges for the DEMAT account.
|Trading Account Opening Fees||ZERO||ZERO|
|DEMAT Account Opening Fees||ZERO||ZERO|
|DEMAT AMC||INR. 400/- p.a. (Waived for 1st year)||INR. 500/-p.a.|
Comparative Discussion on Brokerage Plan:
Karvy doesn’t have any kind of brokerage plan to offer the investors. On the other hand, Sharekhan has only ‘Multiple’ plans to offer. In this below-mentioned table we compared Sharekhan & Karvy based on their brokerage plan offering:
Comparative Discussion on Brokerage Charge:
Both Sharekhan & Karvy has a percentage-based brokerage plan. Sharekhan also has minimum brokerage charge @INR.20/-, whether Karvy doesn’t have any minimum brokerage. The brokerage charges for each segment is stated below:
|Plan Name||Classic Trading Plan (Percentage Based)||Basic Trading Plan (Percentage Based)|
|Equity Delivery||0.5% or 50 paisa||0.3% or 30 paisa|
|Equity Intraday||0.1% or 10 paisa||0.03% or 3 paisa|
|Equity Futures||0.1% or 10 paisa||0.03% or 3 paisa|
|Equity Options||2.5% of Premium or 250 Rupees/lot whichever is high||50 Rupees/Lot|
|Currency Futures||0.1% or 10 paisa||0.03% or 3 paisa|
|Currency Options||2.5% of Premium or 30 Rupees/lot whichever is higher||50 Rupees/Lot|
|Commodity Trading||0.1% or 10 paisa||0.03% or 3 paisa|
|Minimum Brokerage||20 Rupees||NIL|
|Hidden Charges||No||Info Not Available|
|Funding||Yes – 18% interest PA||Yes – 18% interest PA|
|Call & Trade Charges||Free||Call 18004198283 number for Call and Trade, SMS Order facility also available|
Comparative discussion based on Transactional Charges:
All the segment-wise transactional charged between Sharekhan & Karvy are quite similar. Only the transaction charge for currency future in Karvy is more than the charge of Sharekhan. The details of the transaction charge (segment-wise) are mentioned below:
|Equity Delivery||325 Rupees/Cr||325 Rupees/Cr|
|Equity Intraday||325 Rupees/Cr||325 Rupees/Cr|
|Equity Futures||190 Rupees/Cr||190 Rupees/Cr|
|Equity Options||5000 Rupees/Cr||5000 Rupees/Cr|
|Currency Futures||100 Rupees/Cr||110 Rupees/Cr|
|Currency Options||4000 Rupees/Cr||4000 Rupees/Cr|
|Commodity||Non-Agri: 260 Rupees/Cr |
Agri: 175 Rupees/Cr
|Non-Agri: 260 Rupees/Cr |
Agri: 175 Rupees/Cr
Comparative discussion on Feature of Trading & DEMAT account:
Sharekhan & Karvy offers ample of amenities to the investors. The details of the same are mentioned in the below table.
|3 in 1 Account||X||X|
|Margin Trading Funding Available||√||No information|
|Combined Ledger for Equity and Commodity||√||√|
|Intraday Square-off Time||3:15 PM||3:15 PM|
Comparative Discussion on Trading Platform:
Sharekhan & Karvy both market leaders offer their investors all the convenience to choose from the wide range of their trading modes. The modes are detailed hereunder:
|Desktop Trading Platform||TradeTiger||Karvy NESTTrader|
|Desktop Platform (Windows)||√||√|
|Desktop Platform (Mac)||X||X|
|Web Trading Platform||√||√|
|Web Trading Detail||www.sharekhan.com/||trade.karvyonline.com/KARVY/Login/indexauth.jsp|
|Mobile Trading App||Sharekhan||KarvyOnline|
|Android Mobile App||√||√|
|iPhone Mobile App (IOS)||√||X|
|Android Tablet App||√||√|
|iPad App (IOS)||√||X|
|Trading Software Charges||Free||Free|
Sharekhan Vs Karvy Margin /Leverage:
Assessing Sharekhan & Karvy based on the Margin/Leverage we got the below-mentioned information:
|Equity Delivery Margin||Maximum 5x via Margin Funding.||Max 4x leverage for equity delivery.|
|Equity Intraday Margin||Maximum 10x leverage for equity.||Max 13x leverage for equity.|
|Futures Margin||Maximum 2x leverage for futures.||Max 2x leverage for futures.|
|Options Margin||Maximum 2x margin for Options shorting, No leverage for options buying.||2x margin for options shorting, no leverage for options buying.|
|Equity CO Margin||Max 15x margin/leverage in CO order for selected equity scripts.||Max 20x margin/leverage for equity CO for selected equity scripts.|
|Futures CO Margin||Max 15x margin/leverage in CO order for futures contracts.||Max 20x margin/leverage for future CO.|
|Options CO Margin||Max 15x margin/leverage in CO order for options contracts sell only.||Info Not Available|
|Commodity Margin||Info Not Available||Max 30x margin/leverage for commodity trading.|
As earlier said, Sharekhan is very popular for its customer assistance, Training & education programs & insightful market news bulletins. Also, Karvy is very much investor-friendly. They also provide detailed news to their customers. We below have compared both the brokers based on Customer supportiveness.
|24/7 Customer Service||X||X|
|Online Live Chat||√||X|
|Customer Care Number||1800227500||18004198283/7093706007/18004198283|
|Account Opening Process||Offline||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Sharekhan Limited,|
Lodha iThink Techno Campus,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Hyderabad – 500 034
Sharekhan Vs Karvy DEMAT account:
Both Sharekhan & Karvy provide DEMAT account for free to trade in the share market and charges only an AMC for that. The feature they offer are mentioned hereunder:
|DEMAT Account Annual Maintenance Charges(AMC)||INR. 500/- p.a.||INR. 365/- p.a.|
|Advance Deposit||INR. 500 Advance which will be adjusted against billing (Optional). Tariff D-“Deposit INR. 2,999/- (refund of deposit INR. 2,000/- on closure)||NIL|
|Statutory charges||Actual Stamp Paper Charges||Nil|
|Transaction Charges on Debit (Per ISIN)||0.03% (Min INR.30) + INR.5.50 (CDSL Charges)||INR.15 per transaction|
|Demat||INR.5 per certificate (Min 50 per request)||INR. 5 per certificate + INR. 40 courier charges|
|Remat||INR.50 per certificate or INR.50 for every hundred securities||INR.20 for every hundred securities or INR.20 per certificate (whichever is higher)|
|Pledge Creation||0.03% (Min INR.100)||0.03% of the transaction value (Min INR.100 and Max INR.5k)|
|Pledge Creation Confirmation||Nil||0.03% of the transaction value (Min INR.100 and Max INR.5k)|
|Pledge Closure||Nil||0.03% of the transaction value (Min INR.100 and Max INR.5k)|
|Pledge Closure Confirmation||Nil||0.03% of the transaction value (Min INR.100 and Max INR.5k)|
|Pledge Invocation||Nil||0.03% of the transaction value (Min INR.100 and Max INR.5k)|
|Failed Instruction Charges||Nil||INR.100|
|Other Charges||Freeze/De-freeze – INR.25 per transaction|
Stock lending & Borrowing – 0.02% of the value of the transaction per request (minimum INR.100)
Client Master changes INR.30 per request
Finally, from the aforesaid analytical study, we can say that both Sharekhan & Karvy is a giant broker house of India offering numerous investment opportunities to the traders.
But it’s important to keep in mind that an investor should not only count the rating stars before investment. He should read every detail before making the decision.