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Stoxkart Vs Karvy : Side by Side Comparison Of The Two Big Stock Broker In India

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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

StoxkartKarvy
Logostoxkart brokerageKarvy
Website URLwww.stoxkart.comwww.karvy.com
About the brokerStoxkart, 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 BrokerDiscount BrokerFull Service Broker
Supported ExchangeNSE, BSE, MCXNSE, BSE, MCX 
Year of Incorporation20191985
Number of Branches2 branches & 12 partner offices575
Stoxkart Vs Karvy Review

Stoxkart & Karvy Charges

StoxkartKarvy
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?NoNo

Also Read: Stoxkart Vs Master Trust Comparison

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Stoxkart VS Karvy Brokerage

Brokerage Plans

StoxkartKarvyKarvy
Account TypeSingle PlanRetail Brokerage PlanPremium Subscription Plan of 100000
Fixed Charges₹1,00,000 per year
Equity Delivery Brokerage₹00.3%0.1%
Equity Intraday Brokerage₹15 per executed trade0.03%0.01%
Equity Futures Brokerage₹30 per executed trade0.03%0.01%
Equity Options Brokerage₹30 per executed trade₹30 per lot₹10 per lot
Currency Options Trading Brokerage₹30 per executed trade0.03%0.01%
Commodity Futures Trading Brokerage₹30 per executed trade0.03%0.01%
Commodity Options Trading Brokerage₹30 per executed trade

Special Offer

Also Read: Stoxkart Brokerage Calculator Online – Lowest Brokerage

Other Charges

StoxkartKarvy
Minimum Brokerage Charges₹0Delivery 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

StoxkartKarvy
Securities Transaction Tax (STT)0.0126% of total turnoverEquity 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 charges18% on brokerage + transaction charges
Stamp DutyAs per the Client’s state of correspondence.As per the Client’s state of correspondence.

Stoxkart & Karvy Transaction Charges

StoxkartKarvy
Equity Delivery0.00325%₹325
Equity Intraday0.00325%₹325
Equity Futures0.0019%₹230
Equity Options0.05%₹5500
Currency Futures0.0009%₹325
Currency Options0.04% (on premium)
Commodity0.0005%₹300

Stoxkart or Karvy Exposure Margin

StoxkartKarvy
Equity DeliveryUp to 5x with 24% interest per year
Equity IntradayUp to 25xUp to 20x
Equity FuturesUp to 2.5xUp to 4x
Equity OptionsUp to 7xUp to 4x for shorting
Currency FuturesUp to 2.5xNil
Currency OptionsUp to 2xNil
Commodity FuturesUp to 2.5xUp to 4x
Commodity Options

Also Read: Karvy Margin Calculator Online

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Stoxkart VS Karvy Feature Comparison

StoxkartKarvy
3 in 1 AccountNoNo
ChartingYesYes
SMS AlertsYesYes
Online DemoNoYes
Online PortfolioYesYes
Margin Trading Funding Available
Yes
Trading PlatformStoxkart DesktopNEST, Karvy Web,
Trade Mobile
Overall Review3.2 /52.0 / 5 

Stoxkart VS Karvy Investment Options

StoxkartKarvy
Stock / EquityYesYes
CommodityYesYes
CurrencyYesYes
Initial Public Offers (IPO)NoYes
Mutual FundsNoYes
Bond / NCDNoYes
DebtNoYes
Other Investment Options
open stoxkart demat account

Stoxkart or Karvy Research Report

StoxkartKarvy
Daily Market ReportYes
Free TipsYesYes
Quarterly Result AnalysisNoYes
News AlertsNoYes

Stoxkart VS Karvy for Investor Type

StoxkartKarvy
Casual InvestorYes
Active InvestorYes
TraderYes

Stoxkart VS Karvy Risks & Benefits  

StoxkartKarvy
BenefitsBrokerage 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.
RisksTrading 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.

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