Karvy Online Vs Zerodha

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Compare Stock Brokers

Karvy Online Vs Zerodha comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.

We will talk at length in this detailed review for your reference.

Karvy Online Vs Zerodha Comparison

Here is a point by point comparison of Karvy Online Vs Zerodha.

Karvy Online is a full-service stockbroker and is the broking arm of Karvy Group and has a presence across 400 cities of India. It is involved not only in retail broking but also has a prominent name in institutional and corporate investments. Incorporated in 1985, Karvy today has a membership with BSE, NSE, MCX-SX, MCX and NCDEX and is one of the top 10 stock brokers in India.

Zerodha, on the other hand, is one of the leading discount brokers in India which was founded in 2010. Zerodha has been there in the market for a while and understands the concept of discount broking and how it helps traders.

Everything about discount brokers such as Zerodha is Online, be it – customer service, trading, account opening etc.

Full-service stockbrokers such as Karvy Online, on the other hand, will help you, spoon feed you, handhold you through the process, even if you need an offline help, meet someone, talk to somebody and so on.

Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.

To make things easy for you, we have listed out the comparison between Karvy Online Vs Zerodha to help you find which of the two suits your needs better. The comparison is made on aspects such as:

Company Overview
Account Opening Charges
Brokerage
Exposure or Leverages
Research
Trading Platforms
Other Features

Karvy Online Vs Zerodha Details

Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stockbroking firms.

We hope this article helps you to understand which of the two brokers is better for your needs.

This is how both these stockbrokers stack up against each other:



	Zerodha Review	Karvy Online Review
OVERVIEW
Broker Type	Discount Broker	Full Service
Incorporated In the Year	2010	1985
Number of branches across India	11	400
Exchanges	BSE, NSE, MCX, MCX-SX	BSE, NSE, MCX, MCX-SX, NCDEX
ACCOUNT CHARGES		NSE, BSE, MCX-SX
Trading Account Opening Charges	₹200 (₹300 if you want to Zerodha to courier account opening forms)	₹0
Trading Account Annual Maintenance Charges	₹0	₹0
Demat Account Opening Charges	₹100	₹420
Demat Account Annual Maintenance Charges	₹300	₹500 (FREE for first year)
Transaction Charges	Zerodha Transaction Charges	Karvy Online Transaction Charges
BROKERAGE
Equity Delivery	₹0	0.3%
Intraday Delivery	0.01% or ₹20 per trade whichever is lower	0.03%
Equity Futures	0.01% or ₹20 per trade whichever is lower	0.03%
Equity Options	0.01% or ₹20 per trade whichever is lower	₹30 per lot
Currency Futures	0.01% or ₹20 per trade whichever is lower	0.03%
Currency Options	0.01% or ₹20 per trade whichever is lower	₹30 per lot
Commodity	0.01% or ₹20 per trade whichever is lower	0.03%
Calculate Brokerage	Zerodha Brokerage Calculator	Karvy Online Brokerage Calculator
EXPOSURE OR LEVERAGE
Equity	Upto 5 times for Intraday	Intraday upto 20 times, 0 for Delivery
Equity Futures	Upto 5 times to 20 times for Intraday	Upto 4 times for Intraday
Equity Options	Upto 5 times to 20 times for Intraday	No Leverage for buying, upto 4 times for Shorting Intraday
Currency Futures	Upto 5 times for Intraday	No Leverage
Currency Options	Upto 5 times for Intraday	No Leverage
Commodities	Upto 5 times for Intraday	Upto 4 times for Intraday
Margin	Zerodha Margin	Karvy Margin
RESEARCH
Daily Market Reports
Tips/Recommendations
Quarterly Analysis
News Alerts
TRADING SEGMENTS
Equity
Mutual Funds
IPOs
Currency
Commodity
CUSTOMER SERVICE OPTIONS
Email Support
Live Chat
Phone
Toll Free Number
Offline Branches
Customer Care	Zerodha Customer Care	Karvy Customer Care
FEATURES
Mobile Trading
Orders Accepted After Trading Hours
Charting
SMS Alerts
Robo Advisory
Automated Trading
Market Tips
Margin Funding
Relationship Managers
3 in 1 Account
Trading Platform(s)	Zerodha Pi, Zerodha Kite, Zerodha Kite Mobile App, NEST Trader	NEST Trader, Karvy Online Mobile App, Karvy Web
Complaint Percentage of Active Clients	0.02%	0.05%
OVERALL RATING
	Get a Call Back	Get a Call Back

*NSE Complaints Percentage: Lower is this number, Better is the broker.

Before we complete this comparison, we think one quick understanding of brokerage charges is important.

Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage. This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.

Discount brokers, on the other hand, charge a flat rate brokerage (could be ₹10, ₹20 etc) irrespective of the trade value.

Make sure you understand this difference and then take a call. Here is a brokerage calculator for your reference.

Also, check out some of the other stockbroker comparisons you might be interested in.

Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with Karvy Online Vs Zerodha for the benefits of other readers? Please feel free to share in the comments below.

Furthermore, in case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward.