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Karvy Brokerage
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Karvy Online is one of those full-service stockbrokers that charge pretty nominal charges. As far as Karvy Brokerage is concerned, it really depends on the kind of initial margin you are looking to put in and the quality of negotiation skills you have.
Nonetheless, along with the Karvy Online Brokerage charges in this review, find detailed information on:
- Account opening charges
- Annual maintenance charges
- Brokerage Structure
- Brokerage plans & corresponding charges
Let’s go one by one:
Karvy Brokerage Charges
Depending on whether you chose Retail or Premium brokerage plan, different charges will be levied on your transactions. For Premium brokerage plan, the client needs to make an upfront payment of ₹1,00,000 every month.
Generally, this plan is for high net worth individuals or institutions. Kindly check with the broker for more details. The brokerage charges for both the plans are listed below:
Retail Brokerage Plan
This plan is pretty inline with the full-service stockbroking services where a specific percentage of your trade turnover is charged as a brokerage by the broker.
In this case, Karvy charges the following charges across different trading segments as mentioned in the table below.
| Equity Delivery | 0.3% |
| Equity Intraday | 0.03% |
| Equity Futures | 0.03% |
| Equity Options | ₹30 per lot |
| Currency Futures | 0.03% |
| Currency Options | ₹30 per lot |
| Commodity | 0.03% |
For instance, if you are into delivery trading and you have placed the following trades:
Trade 1
Shares Quantity: 100
Buy Price: ₹120
Sell Price: ₹125
Brokerage: [₹(120+125)*100] X 0.3% = ₹24,500 X 0.3% i.e. ₹73.5
Trade 2
Shares Quantity: 100
Buy Price: ₹125
Sell Price: ₹135
Brokerage: [₹(125+135)*100] X 0.3% = ₹26,000 X 0.3% i.e. ₹78
Trade 3
Shares Quantity: 100
Buy Price: ₹130
Sell Price: ₹140
Brokerage: [₹(130+140)*100] X 0.3% = ₹27,000 X 0.3% i.e. ₹81
Then the total brokerage will be: ₹(73.5+78+81) i.e. ₹242.5
Premium Brokerage Plan
When you opt for a premium brokerage plan, then you need to pay an upfront amount to the broker and your Karvy Brokerage charges are deducted from that balance after each trade.
The benefit of this plan is the overall brokerage charges become really low (almost one-third of what you pay in the normal retail brokerage plan).
| Segment | Brokerage Fee |
| Flat Monthly Fee | ₹100000 per year |
| Equity Delivery | 0.1% |
| Equity Intraday | 0.01% |
| Equity Futures | 0.01% |
| Equity Options | ₹10 per lot |
| Currency Futures | 0.01% |
| Currency Options | ₹10 per lot |
| Commodity | 0.01% |
Use this Karvy Online Brokerage Calculator for the complete understanding of the charges and Your Profit.
Karvy Account Opening Charges
The Karvy Trading Account costs you nothing and there are no maintenance charges either. However, there are a few charges for the demat account though.
To open an account with Karvy online, the client needs to pay the following charges to open and maintain both the accounts:
| Trading Account Opening Charges (One Time) | ₹0 |
| Demat account Opening Charges (One Time) | ₹420 |
| Trading Annual maintenance charges (AMC) | ₹0 |
| Demat Account Annual Maintenance Charges (AMC) | ₹500 (FREE for first year) |
Karvy Online Transaction Charges
Following are the transaction charges at the segment level levied by Karvy Online:
| Segment | Transaction Fee |
| Equity Delivery | ₹325 |
| Equity Intraday | ₹325 |
| Equity Futures | ₹230 |
| Equity Options | ₹5500 |
| Currency Futures | ₹325 |
| Currency Options | |
| Commodity | ₹300 |
If you are looking to open an account with a reputable stockbroker, just fill in a few basic details and we will help you in getting started:
Feel free to check out the brokerage charges levied by other stockbrokers in India:
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