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Both of these famous companies provide a lot of features and facilities to their traders. A trader can experience decent customer service and reasonable rates. But some differences of SMC Global vs Karvy are listed here to guide you to the better option for investing money.
Karvy Stock Broking Ltd, established in 1990, is a renowned name in the stockbroking industry. Originated from Hyderabad, it is one of the top 10 stock brokers of India.
On the other hand, SMC Global is a Delhi based full-service broker having a global presence with 2400+ registered sub-brokers and numerous happy customers.
- Call & trade facility.
- Facilitate AMO & BTST orders.
- Other Investment option (insurance) available.
- Provides featured products against charges.
- Don’t have a 3-in-1 account.
- 60 types of technical charts available.
- Free of cost research reports.
- Brokerage rates are negotiable.
- Different facilities for customer assistance.
- Offers investment in IPO & mutual fund.
Analytical Assessment of Segment-wise Organisational Overview:
SMC Global & Karvy hereby compared based on the ratings received from customers on the public platform.
|Rating out of 5||SMC Global||Karvy|
|Investments Offering||★★★||★★★ ★|
|Broker Type||Full-service Broker||Full-service Broker|
|Exchanges Supported||NSE, BSE, MCX, NCDEX||NSE, BSE, MCX-SX, MCX, NCDEX|
Analytical Assessment of AOC & AMC:
SMC Global & Karvy both offer free DEMAT account opening & trading AMC. Whereas trading account opening in SMC Global is chargeable and in Karvy it is free. Both the organisation charge for DEMAT AMC. In this below table we have compared SMC Global & Karvy based on AOC & AMC.
|DEMAT AMC||₹300 PA||₹500 PA|
|Provide DP Service||🗹||🗹|
Analytical Assessment of Brokerage Plan:
On brokerage plan offering SMC Global & Karvy are hereby compared as below. Both SMC Global & Karvy doesn’t have any of the brokerage plans for their customer.
|Plan Types||SMC Global||Karvy|
Analytical Assessment of Brokerage Fee:
Based on the brokerage fee SMC Global & Karvy are compared hereby. Karvy doesn’t charge minimum brokerage to their customer but SMC Global charges minimum brokerage.
|Plan Name||Standard Trading Plan (Percentage Based)||Basic Trading Plan (Percentage Based)|
|Equity Delivery||0.3% or 30 paisa||0.3% or 30 paisa|
|Equity Intraday||0.03% or 3 paisa||0.03% or 3 paisa|
|Equity Futures||0.03% or 3 paisa||0.03% or 3 paisa|
|Equity Options||₹70 Per Lot||₹50 Per Lot|
|Currency Futures||0.03% or 3 paisa||0.03% or 3 paisa|
|Currency Options||₹20 Per Lot||₹50 Per Lot|
|Commodity Trading||0.03% or 3 paisa||0.03% or 3 paisa|
|Minimum Brokerage||₹25 per trade or 2.5% of the trade value whichever is lower||NIL|
|Hidden Charges||Info Not Available||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|
Analytical Assessment of Transaction Fee:
SMC Global & Karvy here compared based on the transaction fee structure. Transaction fee is calculated based on different product offerings.
|Equity Delivery||₹325 Per Cr||₹325 Per Cr|
|Equity Intraday||₹325 Per Cr||₹325 Per Cr|
|Equity Futures||₹190 Per Cr||₹190 Per Cr|
|Equity Options||₹5000 Per Cr||₹5000 Per Cr|
|Currency Futures||₹110 Per Cr||₹110 Per Cr|
|Currency Options||₹4000 Per Cr||₹4000 Per Cr|
|Commodity||Non-Agri: ₹260 Per Cr |
Agri: ₹175 Per Cr
|Non-Agri: ₹260 Per Cr |
Agri: ₹175 Per Cr
Analytical Assessment of Account Feature:
SMC Global & Karvy offers different account features such as charting, ALGO trading, SMS alerts, online demonstration, etc. Based on the account feature we can compare both brokers as below.
|3 in 1 Account facility||⌧||⌧|
|Algo Trading facility||🗹||🗹|
|SMS Alerts service||🗹||🗹|
|Online Demo service||🗹||🗹|
|Online Portfolio facility||🗹||🗹|
|Margin Trading Funding Available||🗹|
|Combined Ledger for Equity and Commodity||🗹||🗹|
|Intraday Square-off Time||3:15 PM||3:15 PM|
|NRI Trading service||🗹||⌧|
|Other Features facility||NIL||NIL|
Also Read: Karvy Margin Calculator Online
Analytical Assessment of Trading Terminal:
These days, we need to trade in a faster way. For that, we need faster technology, secure which can provide us a convenient trading experience. Comparing the trading terminals of SMC Global & Karvy we get the table.
|Desktop Trading Platform||ODIN Diet||Karvy NEST Trader|
|Desktop Platform (Windows)||🗹||🗹|
|Desktop Platform (Mac)||⌧||⌧|
|Web Trading Platform||🗹||🗹|
|Web Trading Detail||trade.smcindiaonline.com/easytrade||trade.karvyonline.com/KARVY/Login/indexauth.jsp|
|Mobile Trading App||SMCEasyTrade||KarvyOnline|
|Android Mobile App||🗹||🗹|
|iPhone Mobile App (IOS)||🗹||⌧|
|Android Tablet App||🗹||🗹|
|iPad App (IOS)||🗹||⌧|
|Trading Software Charges||Free||Free|
Analytical Assessment of Investment Offering:
Assessing SMC Global & Karvy based on investment offerings we get the below-mentioned details.
|Equity Cash and F&O||🗹||🗹|
|Online IPO Application||⌧||⌧|
|Bond / NCD||🗹||🗹|
|MF SIP Investment||🗹||🗹|
|Equity SIP Investment||⌧||🗹|
|Other Investment Options||Insurance||Insurance|
Analytical Assessment of Leverage:
Comparing SMC Global & Karvy in terms of leverage/margin we get these details.
|Equity Delivery Margin||Maximum 3x leverage for equity delivery – through Margin Funding system.||Maximum 4x leverage for equity delivery.|
|Equity Intraday Margin||Maximum 10x or 10% subject to Variable and ELM.||Maximum 10x or 10% subject to Variable and ELM.|
|Futures Margin||1x or particular SPAN + leverage rate.||1x or particular SPAN + leverage rate.|
|Options Margin||1x or particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.||1x or particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.|
|Equity CO Margin||Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order.||Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order.|
|Futures CO Margin||1x or particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order.||1x or particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order.|
|Options CO Margin||1x or particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order.||1x or particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order.|
|Commodity Margin||1x or particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.||1x or particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share.|
Also Read: SMC Global Margin Calculator Online
Analytical Assessment of Customer Assistance:
SMC Global & Karvy both offer different paths to help out their customers. Both of the brokers offer email support, phone support, toll-free number, offline/physical branches. Details mentioned hereunder.
|24/7 Customer Service||⌧||⌧|
|Online Live Chat||⌧||⌧|
|Customer Care Number||91-11-66075200||18004198283/7093706007/18004198283|
|Account Opening Process||Online/Paperless||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||SMC Global Securities Ltd|
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Hyderabad – 500 034
Analytical Assessment of DEMAT Account Feature:
SMC Global & Karvy is hereby compared in terms of DEMAT account features. It includes source, ID, AMC, etc.
|DEMAT AMC||₹250 pa||₹365 pa|
|Advance Deposit||AMC will be charged in advance.||NIL|
|Statutory charges||Stamp Paper Charges||Nil|
|Transaction Charges on Debit (Per ISIN)||₹12||₹15 per transaction|
|DEMAT||₹3 per certificate + courier charges||₹5 per certificate + ₹40 courier charges|
|REMAT||₹20 for every hundred securities + courier charges||₹20 for every hundred securities or ₹20 per certificate (whichever is higher)|
|Pledge Creation||₹50 per instruction||0.03% of the transaction value (Min ₹100 and Max ₹5000)|
|Pledge Creation Confirmation||₹50 per instruction||0.03% of the transaction value (Min ₹100 and Max ₹5000)|
|Pledge Closure||₹25 per instruction||0.03% of transaction value (Min ₹100 and Max ₹5000)|
|Pledge Closure Confirmation||₹25 per instruction||0.03% of the transaction value (Min ₹100 and Max ₹5000)|
|Pledge Invocation||₹25 per instruction||0.03% of the transaction value (Min ₹100 and Max ₹5000)|
|Failed Instruction Charges||₹20||₹100|
Finally, we can say that SMC Global & Karvy both are a renowned full-service broker with all India exposure. Both the organization offers different facilities to the customers. Some of their offerings are similar and others are not similar. So every investor needs to understand the benefits and drawbacks to make a wise investment decision.
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.