Karvy Review

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Karvy, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.


Karvy is a Private company headquartered in Hyderabad, India which is founded in 1983 by C Parthasarathy. Karvy is a Full Service Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Discount Broker. However, it is vital to note that Karvy work as a Discount Broker because it offers thorough investment advice and complete stock analysis to its clients. Karvy is an NSE and BSE-listed company with over 575 branches in India.

Broker TypeFull Service Broker
Type of companyPrivate
HeadquarterHyderabad, India
FoundersC Parthasarathy
Foundation Year1983
Supported ExchangesBSE, NSE, MCX
Total branches575

Karvy Account opening charges

You need to open a demat account and a trading account, to start trading with Karvy. So, to open a trading account with Karvy, you need to pay a fee of Free. However, the trading annual maintenance charges of Karvy are free. And Demat annual maintenance charges are Rs.500 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Karvy is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesKarvy
Trading Account Opening ChargesFree
Demat AMC (Annual Maintenance Charges)Rs.500 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero to Rs.1 lakh
Offline to Online ChargesNot applicable

Karvy Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Karvy brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Karvy This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Karvy charges a brokerage fee of 0.01% – 0.03% per order.
  • Equity futures: The brokerage cost for equity futures is 0.01% – 0.03% as well.
  • Equity options: Karvy charges a brokerage fee of Rs.10 – Rs.30 per lot for trading equity options.
  • Currency: Unleash your trading potential with Karvy’s dynamic 0.01% – 0.03% charges.
  • Commodity: For commodity options trading, Karvy charges a brokerage fee of 0.01% – 0.03%.

Equity Brokerage Charges

Equity Brokerage ChargesKarvy
Equity Delivery Brokerage0.1% – 0.3%
Equity Intraday Brokerage0.01% – 0.03%
Equity Futures Brokerage0.01% – 0.03%
Equity Options BrokerageRs.10 – Rs.30 per lot

Currency Brokerage Charges

Currency Brokerage ChargesKarvy
Currency Futures Brokerage0.01% – 0.03%
Currency Options BrokerageRs.10 – Rs.30 per lot

Commodity Brokerage Charges

Commodity Brokerage ChargesKarvy
Commodity Options Brokerage0.01% – 0.03%

Karvy Other Charges

  • Minimum brokerage charges: At Karvy, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Percentage of Transacton.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00325% of Total Turnover is to be paid by a customer.
  • SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.0002% of Total Turnover charge.
  • Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
  • GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
  • STT (Securities transaction tax): STT is levied at a rate of 0.0126% of Total Turnover by Karvy.
  • Call and trade charges: If you use call and trade service, the charges of Karvy are NA.
Other Brokerage ChargesKarvy
Minimum Brokerage ChargesPercentage of Transacton
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.0126% of Total Turnover
Call and Trade ChargesNA

Karvy Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Karvy offers Upto 10x times leverage on equity delivery, Upto 20x times leverage on equity intraday, Upto 10x times leverage on equity futures, and Upto 15x times leverage on equity options.

Here is the leverage provided by Karvy:

Equity LeverageKarvy
Equity DeliveryUpto 10x
Equity IntradayUpto 20x
Equity FuturesUpto 10x
Equity OptionsUpto 15x

Karvy Currency Leverage

Karvy also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 12x times and Currency Options Upto 10x times.

Currency LeverageKarvy
Currency FuturesUpto 12x
Currency OptionsUpto 10x

Karvy Commodity Leverage

Karvy offers Upto 12x leverage for commodity trading.

Equity LeverageKarvy
CommodityUpto 12x

Karvy Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Karvy gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

Free Stock Trading AccountNo
Free Demat AccountYes
Flexible PlansYes
Brokerage DiscountsNo
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Karvy Features

  • Discount Broker:Karvy, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Percentage of Transacton executed, regardless of trade category, size, or exchange. They also offer Upto 20x trading leverage.
  • Range of Investment Products: Karvy is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
  • Subscription Plans: Karvy paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
  • Research and Advisory Services: Karvy differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
  • Margin Funding: Karvy provides margin funding services. These can be used to make partial payments on cash segment transactions. Karvy lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Karvy provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
  • Demat Account Services: Karvy offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Karvy is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Karvy’s 0.01% – 0.03% brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
  • Algo Trading and Robo Advisory: Karvy provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
  • Customer Support: Karvy offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)Yes
Trading InstitutionNo
Trading ExposureUpto 20x
Mutual FundsYes
SIP (Systematic Investment Plan)Yes
Forex TradingNo

Karvy Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Karvy offers research papers with the top recommendations, which are developed by industry specialists. On their website, Karvy also offers annual reports, as well as daily market reviews and weekly reports.

Fundamental ReportsYes
Research ReportsYes
Company ReportsYes
Annual ReportsYes
Company Stock ReviewYes
Free Stock TipsNo
IPO ReportsYes
Top PicksNo
Daily Market ReviewNo
Monthly ReportsYes
Weekly reportsYes
Offline AdvisoryYes
Relationship ManagerYes

Karvy Trading Platforms

To fulfil the various needs of its consumers, the Karvy trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Desktop Trading PlatformsKarvy
Desktop BrowserYes

Karvy Mobile App

Karvy offers mobile trading through the Karvy app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Mobile AppKarvy
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Karvy Customer Support

  • Online trading support: Karvy can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
  • 24*7 support: Karvy offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
  • Email support: Customers can contact Karvy5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportKarvy
Relationship ManagerYes
Offline TradingYes
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportNo
Toll free numberNo
Support Branches110

Karvy Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 210 BSE complaints, of which 185 have been resolved, which amounts to 88.10% in percentage terms. And, when it comes to NSE complaints, there are 165 of them, with 143 of them resolved, for a percentage of 86.67 %. And the percentage of BSE/NSE complaints resolved is 87.38 %

The table below highlights the complaints acquired by Karvy.

BSE ComplaintsKarvy
BSE Complaints210
BSE Resolved Complaints185
Percentage of resolved BSE complaints88.10%
NSE Complaints165
NSE Resolved Complaints143
Percentage of resolved NSE complaints86.67 %
BSE/NSE Complaint vs. Resolved Percentage87.38 %


In conclusion, Explore Karvy’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Karvy can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.