Stoxkart VS Karvy Comparison:
Stoxkart
Stoxkart, a discount brokerage firm based in Delhi NCR have made its name in the Indian stock market scenario. It has cutting edge technology in communication and advisory, assistance and services in equity, currency and commodities.
It provides two apps called Stoxkart Classic and Stoxkart Pro, which helps trading online. It has a special branch called Stoxmf which helps in mutual fund investments, and a specialised group of assistants to help on the go.
Karvy
This is one of the most active share registrars and brokers in India. It mostly hosts registry for corporate clients. It has a huge client base in India. The services it provides are Registry, IPO processing, Advisory, Assistance and managing corporate actions for their clients.
Let’s have a detailed look at both of them.
Overview
| Stoxkart | Karvy | |
| Logo |  |  |
| Website URL | www.stoxkart.com | www.karvy.com |
| About the broker | Stoxkart, a discount brokerage firm based in Delhi NCR have made its name in the Indian stock market scenario. It has cutting edge technology in communication and advisory, assistance and services in equity, currency and commodities. | Note: New account opening is prohibited by SEBI due to alleged client fraud issues. This is one of the most active share registrars and brokers in India. It mostly hosts registry for corporate clients. It has a huge client base in India. The services it provides are Registry, IPO processing, Advisory, Assistance and managing corporate actions for their clients. |
| Type of Broker | Discount Broker | Full Service Broker |
| Supported Exchange | NSE, BSE, MCX | NSE, BSE, MCX |
| Year of Incorporation | 2019 | 1985 |
| Number of Branches | 2 branches & 12 partner offices | 575 |
Stoxkart & Karvy Charges
| Stoxkart | Karvy | |
| Trading Account Opening Fees | ₹500 | ₹650 |
| Trading Account AMC | ₹300 | ₹0 |
| Demat Account Opening Fees | ₹354 | ₹0 |
| Demat Account AMC | ₹300 | ₹420 |
| Demat Account is Mandatory? | No | No |
Also Read: Stoxkart Vs Master Trust Comparison
Stoxkart VS Karvy Brokerage
Brokerage Plans
| Stoxkart | Karvy | Karvy | |
| Account Type | Single Plan | Retail Brokerage Plan | Premium Subscription Plan of 100000 |
| Fixed Charges | ₹1,00,000 per year | ||
| Equity Delivery Brokerage | ₹0 | 0.3% | 0.1% |
| Equity Intraday Brokerage | ₹15 per executed trade | 0.03% | 0.01% |
| Equity Futures Brokerage | ₹30 per executed trade | 0.03% | 0.01% |
| Equity Options Brokerage | ₹30 per executed trade | ₹30 per lot | ₹10 per lot |
| Currency Options Trading Brokerage | ₹30 per executed trade | 0.03% | 0.01% |
| Commodity Futures Trading Brokerage | ₹30 per executed trade | 0.03% | 0.01% |
| Commodity Options Trading Brokerage | ₹30 per executed trade | ||
| Special Offer |
Also Read: Stoxkart Brokerage Calculator Online – Lowest Brokerage
Other Charges
| Stoxkart | Karvy | |
| Minimum Brokerage Charges | ₹0 | Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher |
| Other Brokerage Charges | ₹0 | |
| Call & Trade Charges | ₹20 per executed trade |
Also Read: Karvy Brokerage Calculator Online – Lowest Brokerage
Taxes & other Government Charges
| Stoxkart | Karvy | |
| Securities Transaction Tax (STT) | 0.0126% of total turnover | Equity Intraday 0.025% (on Sell trade) Equity Delivery 0.1% (on Buy and Sell) Equity Futures 0.01% (on Sell trade) Equity Options 0.05% (on Sell trade premium) or 0.125% (on exercised options) Currency Futures Nil Currency Options Nil Commodities 0.01% on sell side (Non-Agri) |
| SEBI Charges | ₹15 per Cr. | ₹15 per Cr. |
| Goods and Services Tax (GST) | 18% on brokerage + transaction charges | 18% on brokerage + transaction charges |
| Stamp Duty | As per the Client’s state of correspondence. | As per the Client’s state of correspondence. |
Stoxkart & Karvy Transaction Charges
| Stoxkart | Karvy | |
| Equity Delivery | 0.00325% | ₹325 |
| Equity Intraday | 0.00325% | ₹325 |
| Equity Futures | 0.0019% | ₹230 |
| Equity Options | 0.05% | ₹5500 |
| Currency Futures | 0.0009% | ₹325 |
| Currency Options | 0.04% (on premium) | |
| Commodity | 0.0005% | ₹300 |
Stoxkart or Karvy Exposure Margin
| Stoxkart | Karvy | |
| Equity Delivery | Up to 5x with 24% interest per year | |
| Equity Intraday | Up to 25x | Up to 20x |
| Equity Futures | Up to 2.5x | Up to 4x |
| Equity Options | Up to 7x | Up to 4x for shorting |
| Currency Futures | Up to 2.5x | Nil |
| Currency Options | Up to 2x | Nil |
| Commodity Futures | Up to 2.5x | Up to 4x |
| Commodity Options |
Also Read: Karvy Margin Calculator Online
Stoxkart VS Karvy Feature Comparison
| Stoxkart | Karvy | |
| 3 in 1 Account | No | No |
| Charting | Yes | Yes |
| SMS Alerts | Yes | Yes |
| Online Demo | No | Yes |
| Online Portfolio | Yes | Yes |
| Margin Trading Funding Available | Yes | |
| Trading Platform | Stoxkart Desktop | NEST, Karvy Web, Trade Mobile |
| Overall Review | 3.2 /5 | 2.0 / 5 |
Stoxkart VS Karvy Investment Options
| Stoxkart | Karvy | |
| Stock / Equity | Yes | Yes |
| Commodity | Yes | Yes |
| Currency | Yes | Yes |
| Initial Public Offers (IPO) | No | Yes |
| Mutual Funds | No | Yes |
| Bond / NCD | No | Yes |
| Debt | No | Yes |
| Other Investment Options |
Stoxkart or Karvy Research Report
| Stoxkart | Karvy | |
| Daily Market Report | Yes | |
| Free Tips | Yes | Yes |
| Quarterly Result Analysis | No | Yes |
| News Alerts | No | Yes |
Stoxkart VS Karvy for Investor Type
| Stoxkart | Karvy | |
| Casual Investor | Yes | |
| Active Investor | Yes | |
| Trader | Yes |
Stoxkart VS Karvy Risks & Benefits
| Stoxkart | Karvy | |
| Benefits | Brokerage fees charged only if you earn. Research reports highly detailed. | Lifetime free demat account after paying ₹1200 once.Investment options in IPO & Mutual Funds.Research reports free. |
| Risks | Trading platforms need working on. Quite high account opening charges.3 in 1 account not available. | 3 in 1 account not available.Quite high brokerage rates. |
Final words
Thus, this article helps our readers to deal with the ups and downs, pros and cons of the two stock brokers, Stoxkart and Karvy . The variable nature of the market is quite a gamble for anyone, and thus investment should only be done after knowing in depth, the field you are treading into. Stoxkart Vs Karvy, whatever be the solution to your problem, choose wisely and make good money.
