Karvy Review 2020 – Karvy Online Stock Broking Review 2020

Karvy Review 2020

karvy review 2020

Setup in the year 1990, Karvy Stock Broking Ltd (KSBL) is part of prestigious KARVY Group; one of India’s top-rated financial services company. The stock broker provides stock broking and research advisory services.

The broking house customized investment solutions to corporate, institutions and personal investors through its extensive network of offices. The broker boasts of a combined account facility through which one can trade in Equities, Derivatives, Currency or invest in IPOs, Mutual funds or NCDs under one roof.

Based out of the city of Hyderabad, Karvy Online is considered among the top 10 broking houses in India. Some add on tools provided by KSBL like monthly magazine, Finapolis, which analyzes personal finance and offers share market tips, weekly e-newsletter Karvy Bazaar Baatein which keep informed on key trends in personal finance and stock market, trends periodic macroeconomic reports etc. They also offer special portfolio analysis packages and provide customized advisory services to help trader make the right financial moves to specifically suit their portfolio.

By exhibiting its world-class next-gen trading platforms, the stock broker is fast and efficient, and ensures that seamless and hassle-free stock trading for its clients.

The Broker provides depository services (DP) through NSDL and CDSL and an option to invest in mutual funds or NCDs and IPOs. Karvy is known to have its in-house research teams that facilitates daily, weekly and monthly technical reports, fundamental analysis and publishes investment advice and diverse research reports. Karvy Financial Academy is the one stop solution for gaininginsightful knowledge about Indian stock market. The broker also provides end to end services to NRI for investing in Indian Share Market.

The main investment products offered by Karvy Online are:

  • Equity
  • Derivative Trading
  • Currency Trading
  • IPO
  • Commodity Trading
  • ETFs
  • Mutual Funds
  • NCDs
  • Fixed Deposits

One outstanding initiative by Karvy Online is its service – “Ask The Expert. This service allows its clients to seek answers about trading and investment at personal level. Meant to be used only by registered users, they just need to login to the portal to use the same.

With over 900 offices, presence in over 400 cities and over 16000 employees, Karvy Group is one of the most reputed business groups offering financial products & services to retail customers in India.

The full-service stock broker has won multiple awards for its outstanding performance across various areas of stock broking. Some of them are:

  • Derivative House of the year by the ASSOCHAM, 2017
  • NSDL Star Performer Award, 2017, 2016, 2015, and 2014
  • Winner of SKOCH-BSE – Aspiring Nation Award
  • Largest E-broking House in India Award by DUN & Bradstreet BSE Equity Awards 2010

Membership Information

The membership details of Karvy review Online are given below.

SEBI Registration No:  | NSE (CM/FNO/CDS) Membership No. 07701

BSE (CM/FNO/CDS) Membership No.: 917

MSE (CM/FNO/CDS) Membership No.: 31

NSDL and CDSL DP SEBI Registration No.: IN-DP-175-2015

PMS SEBI Registration No.: INP000001512.

Process to Open an account at Karvy Online

In order to trade or invest with Karvy, you need a trading and demat account with the stock broker. Karvy offers online trading in equity, commodity and currency derivatives at BSE, NSE and MCX.

The account opening process with Karvy Online is easy and quick. Karvy offers both online and offline options to open an account. Karvy also has local presence (through branch offices, sub-brokers and franchisee) in most of the cities and districts of India.

If you are willing to open an account with Karvy, you could follow one of the below two options:

  1. Online Account Opening (Express Account 2.0 or e-KYC)

Karvy is among few stock brokers in India that offer 15 minutes online account opening. Customer who prefer to go with this way of account opening gets total Rs 5000 brokerage credit (Rs 1100 max in each trading segment) against trading performed in first 30 days.

The online account opening process uses e-KYC (Know your customer) facility which allows customer to complete KYC process either through AADHAAR number validation or through video verification.

Note that to open account online using e-KYC facility, person should possess a valid mobile number registered in AADHAAR database. A one-time-password would be sent to the mobile number registered with AADHAAR to validate the identity and create digital signature on your behalf.

Steps to open Online Trading Account with Karvy:

    1. Fill basic details on karvyonline.com
    2. Upload required scanned documents
    3. Complete in-person verification process over video call
    4. Allow digitally sign the document through AADHAAR verification
    5. Account activation

If everything in place, it takes just few minutes to open and activate an account online with Karvy.

  1. Visit Karvy Branch or Sub-broker

You can choose to visit the local Karvy branch office or a sub-broker. Visit the office or give them a phone call. They will schedule a personal visit to open an account for you. The representative will help you understand the offerings, fill the forms and collect applicable documents required for account opening. A passport photograph and personalized cheque is required.

Karvy Trading Account Types

There are primarily 3 types of trading accounts offered by Karvy.

  1. Zero Account
    • Zero account opening fees for demat and trading a/c
    • Upfront payment of minimum Rs 10,000 as a margin
    • Free e-Insurance Account
    • Zero AMC for 1 year
    • Regular research reports via SMS / Email
    • Premium subscription plans are available
    • Pay one-time Rs 1200 and avail lifetime free AMC
  2. Express Account
    • Open account online with e-KYC and digital signature in just few minutes
    • Get access to your account instantly
    • Premium subscription plans are available
    • Pay one-time Rs 1200 and get lifetime free AMC
  3. Priority Account
    • Offers investment strategies in equities based on Techno-Funda Analysis
    • Access to devoted relationship managers and equity advisors
    • Access to research team
    • All requests and applications made by you are processed on priority.
    • A range of service requests are processed over the counter.

Account Opening Charges

  • Karvy Account Opening Charges (Trading Acct): ₹650
  • Karvy AMC Charges (Trading Acct): ₹0
  • Karvy Account Opening Charges (Demat Acct): ₹0
  • Karvy AMC Charges (Demat Acct): ₹420

 

Karvy Online – Trading Platforms

Riding high on technology and innovation, Karvy Online offers three ways to perform trading across multiple devices including mobile, laptop, and desktop. Moreover, there is also an option to trade via call and SMS. Continue reading to discover more about Karvy’s trading platforms.

  1. Karvy NEST Trading Application

Karvy Nest comes int the form of a downloadable EXE file that a user can choose to install on a desktop or laptop.  It allows trading across all leading exchanges including the National stock exchange (NSE). Some of the basic requirements before this file is installed on a laptop or desktop are:

Some of the major features of this trading application are:

  • Trade in equity, commodity, currency and derivatives across NSE and BSE
  • Enhanced charts with 64 technical signs for detailed analysis of stocks
  • Get in-depth price movements of scrips
  • Access to all key market data on scrips
  • Prepare market watch groups to track your favorite stocks
  • View and monitor open orders, executed orders and rejected orders, etc.
  • Know cash margin and limits etc.
  • Get Order report, back office and DP reports etc.
  • Set Alerts and triggers to monitor scrips and market movements
  • Get a comprehensive view of your portfolio
  1. Karvy Online Trade

Karvy Online web is basically a browser-based trading application which allows the broker’s to perform trading without facing the need to download or install any kind of file on their system. They can just browse to the application’s web URL and enter their valid login details.

This trading application is accessible through most of the leading browsers be it Chrome, Mozilla, IE or Safari. Some of the features of this trading platform are:

  • View Order Book, trade book, Intra-day book
  • Get access to back office reports, real-time news and overall market overview
  • Place, cancel or change your orders
  • Transfer funds through some of the major banks of the country
  • Analyze intraday charts that display trade price, trade size and Cumulative traded volume
  1. Karvy Online Application

Based on advanced technologies, Karvy Online mobile app sets a new benchmark in the stock broking landscape. There are lots of features that make this mobile applicable a great trading platform for its clients. Some of them are:

  • View and keep a check on your holdings anytime, anywhere
  • Heat Map to track stock activities
  • Scanners for detailed stock analysis
  • Access to monthly and weekly technical charts
  • Access to research reports and stock recommendations
  • View top 50 gainers/losers in the market
  • Examine strong and bearish stocks
  • Access to mutual fund holdings
  • Stay updated on dividend, stock split and rights issue, etc.
  • Online fund transfer facility

Karvy Review and Customer Care

The full-service stock broker has brought in a number of communication channels to its client to deliver customer support:

  • Offline branches
  • Email support
  • NRI phone support
  • Social Media
  • Online web portal

Due to the presence of multiple communication channels, it is quite easy and quicker for investors to access the broker’s customer service.

Nonetheless, on the quality parameters, the broker has defined a fixed stipulated time period to give resolution to various types of queries or concerns raised by the clients.

Though the turnaround time is kept under control, the messaging can be performed in a more personalized manner. At present, most of the communication seems to be based on a set pattern and users are provided with template responses.

This is one weaker area within customer service provided by Karvy, otherwise, the broker tops the chart as far as expectations of the clients from a full-service stockbroker are related.

Karvy OnlinePricing

The brokerage charges and account opening charges by the stock broker are mentioned below.

Account Opening Charges

  • Karvy Account Opening Charges (Trading Acct): ₹650
  • Karvy AMC Charges (Trading Acct): ₹0
  • Karvy Account Opening Charges (Demat Acct): ₹0
  • Karvy AMC Charges (Demat Acct): ₹420

Karvy Brokerage Charges

Karvy Brokerage Plan – Retail Brokerage Plan
Segment Brokerage Fee
Monthly Fee (Fixed)
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 Futures 0.03%
Commodity Options ₹30 per lot

 

Karvy Brokerage Plan – Premium Subscription Plan of 100000
Segment Brokerage Fee
Monthly Fee (Fixed) ₹100,000 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 Futures 0.01%
Commodity Options ₹10 per lot

 

Demat Account Charges

The demat account transactions are levied separately from trading charges. Here are Karvy Online account charges 2019.

For Resident Retail Customers and Corporate
Particulars Charges
Account Opening Fee Nil
Closure of Account Nil
First Year AMC Nil
Annual Maintenance Charges Rs 500
Transaction Charges (Debit) Rs 12 per instruction (CDSL)
Demat Charges Rs 5 per certificate + Courier Charges Rs 40
Remit Charges Rs 20 for every 100 securities or Rs 20 per certificate whichever is higher
Pledge Creation 0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction
Pledge Closure 0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction
Pledge Invocation 0.03% of value of securities, Minimum Rs 100 and a Maximum of Rs 5000 Per instruction
Failed instruction charges Rs 100 Per instruction
Other Charges 1. Rs 100 per Demat Rejection
2. Rs 100 per Client Modification Request
3. Rs 100 per DIS Lost Request
4. Rs 100 per request for physical statements

 

Transaction Charges

Segment Transaction Fee
Equity Delivery ₹325
Equity Intraday ₹325
Equity Futures ₹230
Equity Options ₹5500
Currency Futures ₹325
Currency Options
Commodity ₹300

 

Karvy Online Margins

Trading Segment Margin Karvy
Equity Delivery Upto 5x with 24% interest per year
Equity Intraday Upto 20x
Equity Future Upto 4x
Equity Options Upto 4x for shorting
Currency Future Nil
Currency Options Nil
Commodity Future Upto 4x
Commodity Options

 

Karvy Online Research

The full-service stockbroker has been quite impressive when it comes to deliverhighly precise recommendations and tips with its basic and technical level analysis. The broker provides the following reports to its clients with corresponding frequency cycles:

  • Technical Reports
    • Daily
      • Wrap up
      • Morning Moves
    • Weekly
      • Weekly snippets
      • Smart trader
    • Monthly Value max reports
    • Special reports
    • Technical archives
  • Fundamental Reports
    • Initial coverage
    • Company reports
    • Thematic reports
    • Economic and strategic reports
    • Special reports
  • Other Reports
    • Company strategic reports

Moreover, the broker has a dedicated research team whose research gets published in nation’s leading newspapers, financial journals, and industrial reports. The precision of the research facilitated by the broker is quite better than the industry average and clients can surely rely on the reports and recommendations offers by the stockbroker.

 

IPOs

Being a Full-service Stock Broker, Karvy Online doesn’t directly provide IPO Investment service, however if you have demat and trading account with Karvy, you can still choose to apply in IPOs. After SEBI’s mandate in Jan 2016, all application in IPO and FPO (Initial Public Offering and Follow on Public Offering) has to be channel through ASBA (Applications Supported by Blocked Amount) process through Self-Certified Syndicate Bank (SCSB).

You can apply in IPOs with any of the self-certified syndicate banks by furnishing Karvy DP account details. Once the allotment is done, you can use your Karvy Trading account to trade and sell in your holding of shares.

Step to Invest in IPOs with ASBA using Karvy demat account

  • Login into your net banking account.
  • Go to Investment options, Select IPO.
  • Under IPO Page – Select the IPO you wish to invest.
  • Provide the required information like PAN No, Demat Account Number (Karvy – 16 digit DP Number) and number of shares and bid price (including option to select cut off price).
  • Submit application subject to availability of clear balance in your bank account.

 

The Conclusion

There is no doubt the Karvy Online has carved a niche in the stock market by offering technology-led, value-centric stock broking services to its clients. For those looing for insightful research, exceptional customer service, and competitive brokerage, Karvy is the way to go.

However, there are certain grey areas with the broker that need to be worked upon such as mobile app, hidden charges etc. The best way to deal with them is to stay careful while performing trade with Karvy Online.

And if you are looking for other valuable alternatives, then there are a number of discount stock brokers that can be opted for. But, in case your preference is rested upon a full-service broker, then Karvy has to be among the most reliable ones.

 

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