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SMC Global Vs Karvy Comparison – Which One is Better?

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Introduction:

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.

Highlights:

SMC Global: 

  1. Call & trade facility.
  2. Facilitate AMO & BTST orders.
  3. Other Investment option (insurance) available. 
  4. Provides featured products against charges.
  5. Don’t have a 3-in-1 account.

Karvy:

  1. 60 types of technical charts available.
  2. Free of cost research reports.
  3. Brokerage rates are negotiable.
  4. Different facilities for customer assistance.
  5. 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 5SMC GlobalKarvy
Overall Rating ★★★★★★★
Brokerage Charges ★★★★★★★
Trading Platform ★★★★★★★
Investments Offering ★★★★★★ ★ 
Customer Service ★★★ ★★★★
Broker Type Full-service BrokerFull-service Broker
Exchanges Supported NSE, BSE, MCX, NCDEXNSE, BSE, MCX-SX, MCX, NCDEX
SMC Global Vs Karvy Review

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.

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ChargesSMC GlobalKarvy
Trading AOC₹1000Free
Trading AMCFreeFree
DEMAT AOCFreeFree
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 TypesSMC GlobalKarvy
Multiple Plans
Monthly Plans
Yearly Plans

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. 

ParticularsSMC GlobalKarvy
Plan NameStandard Trading Plan (Percentage Based)Basic Trading Plan (Percentage Based)
Equity Delivery0.3% or 30 paisa0.3% or 30 paisa
Equity Intraday0.03% or 3 paisa0.03% or 3 paisa
Equity Futures0.03% or 3 paisa0.03% or 3 paisa
Equity Options₹70 Per Lot₹50 Per Lot
Currency Futures0.03% or 3 paisa0.03% or 3 paisa
Currency Options₹20 Per Lot₹50 Per Lot
Commodity Trading0.03% or 3 paisa0.03% or 3 paisa
Minimum Brokerage₹25 per trade or 2.5% of the trade value whichever is lowerNIL
Hidden ChargesInfo Not AvailableInfo Not Available
FundingYes – 18% interest PAYes – 18% interest PA
Call & Trade ChargesFreeCall 18004198283 number for Call and Trade, SMS Order facility also available

Also Read: Karvy Brokerage Calculator Online – Lowest Brokerage

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. 

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ParticularsSMC GlobalKarvy
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
CommodityNon-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.

ParticularsSMC GlobalKarvy
3 in 1 Account facility
Charting 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 Time3:15 PM3:15 PM
NRI Trading service🗹
Other Features facilityNILNIL

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. 

ParticularsSMC GlobalKarvy
Desktop Trading PlatformODIN DietKarvy NEST Trader
Desktop Platform (Windows)🗹🗹
Desktop Platform (Mac)
Web Trading Platform🗹🗹
Web Trading Detailtrade.smcindiaonline.com/easytradetrade.karvyonline.com/KARVY/Login/indexauth.jsp
Mobile Site🗹🗹
Mobile Trading🗹🗹
Mobile Trading AppSMCEasyTradeKarvyOnline
Android Mobile App🗹🗹
iPhone Mobile App (IOS)🗹
Android Tablet App🗹🗹
iPad App (IOS)🗹
Trading Software ChargesFreeFree

Analytical Assessment of Investment Offering: 

Assessing SMC Global & Karvy based on investment offerings we get the below-mentioned details. 

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ParticularsSMC GlobalKarvy
Equity Cash and F&O🗹🗹
Currency Derivatives🗹🗹
Commodity🗹🗹
Online IPO Application
Mutual Funds🗹🗹
Bond / NCD🗹🗹
ETF🗹🗹
Banking
Insurance🗹🗹
Forex
MF SIP Investment🗹🗹
Equity SIP Investment🗹
PMS Service🗹🗹
Other Investment OptionsInsuranceInsurance

Analytical Assessment of Leverage: 

Comparing SMC Global & Karvy in terms of leverage/margin we get these details. 

ParticularsSMC GlobalKarvy
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. 

Particulars SMC GlobalKarvy
24/7 Customer Service 
Email Support 🗹🗹
Online Live Chat 
Phone Support 🗹🗹
Toll-Free Number 🗹🗹
Through Branches 🗹🗹
Customer Care Number 91-11-6607520018004198283/7093706007/18004198283
Account Opening Process Online/PaperlessOnline/Paperless
Customer Support Email [email protected][email protected]
Knowledge Centre/Education smctradeonline.com/research/new-letterskarvyonline.com/knowledge-center/index
Head Office Address SMC Global Securities Ltd
11/6B, Shanti Chamber Pusa Road,
New Delhi – 110005
Karvy House,
No. 46, 8-2-609/K Avenue 4,
Street No. 1,
Banjara Hills,
Hyderabad – 500 034
Telangana
Website www.smctradeonline.comwww.karvyonline.com
SMC Global Account Opening

Analytical Assessment of DEMAT Account Feature: 

SMC Global & Karvy is hereby compared in terms of DEMAT account features. It includes source, ID, AMC, etc. 

 ParticularsSMC GlobalKarvy
DP SourceCDSLCDSL
DP ID 1910033200
DEMAT AMC₹250 pa₹365 pa
Advance DepositAMC will be charged in advance.NIL
Statutory chargesStamp Paper ChargesNil
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 instruction0.03% of the transaction value (Min ₹100 and Max ₹5000)
Pledge Creation Confirmation₹50 per instruction0.03% of the transaction value (Min ₹100 and Max ₹5000)
Pledge Closure₹25 per instruction0.03% of transaction value (Min ₹100 and Max ₹5000)
Pledge Closure Confirmation₹25 per instruction0.03% of the transaction value (Min ₹100 and Max ₹5000)
Pledge Invocation₹25 per instruction0.03% of the transaction value (Min ₹100 and Max ₹5000)
Failed Instruction Charges₹20₹100
Other ChargesNilNil

Conclusion: 

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. 

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