Zerodha has quickly emerged as the biggest discount broker in India. The reasons behind Zerodha’s popularity include free mutual fund investments platform, Good Till Triggered order, outstanding online trading platform, high exposure, low brokerage, and excellent customer service. The broker offers flat fees discount brokerage platform online to trade and invest in Currency, Equity, IPOs, Commodity, and Mutual Funds.
Karvy is one of the biggest full-service stockbrokers that offer a complete spectrum of various financial products like Demat Trade Accounts, Trading Accounts, Corporate Accounts, NRI Accounts, Trust Accounts, advisory, and research reports. As an old player of the industry, it provides many products and services like Equities, stocks, IPOs, mutual funds, NCDs, Derivatives, and more for trading online and offline.
Now that we have a little idea about both the brokers, let’s have a look at their side by side comparison:
Charting, automated trading, online demo, margin against shares (equity F&O and equity cash), various trading platforms, direct mutual funds investment, referral program, NRI Trading, and API for Algo trading
Charting, automated trading, online demo, SMS alerts, online portfolio, margin trading funding availability, margin against shares (equity F&O and equity cash), the Finapolis, Ask the Expert, and various trading platforms.
NSE, BSE, MCX, and MCX-SX
NSE, BSE, NIFTY, SENSEX, MCX, NCDEX, MCX-SX
Brokerage charge for equity is zero and interday is .03% or Rs 20/executed order (whichever is lower)
The brokerage charge for intraday is 0.03% and for equity, it is 0.3%.
Demat Account and Their Charges
Zerodha’s Demat account opening charge is Rs 200 and its AMC charge is Rs 300
Karvy’s Demat account opening charge is Rs 650 and its AMC charge is Rs 500
Supported Trading Platforms
Kite Mobile for iOS and Android, Kite Web, Coin
NEST trader, Trade Mobile, and Karvy Web
Deposit and Withdrawal Methods
Deposit methods at Zerodha include NEFT/ IMPS/ RTGS, instant payment gateway, UPI, and cheques.
At Zerodha, Withdrawals can be made via bank transfer.
Deposit methods at Karvy include NEFT/ IMPS/ RTGS, instant payment gateway, UPI, and cheques.
At Karvy, Withdrawals can be made via bank transfer.
Exposure And Leverage
Equity Delivery – up to 20x
Equity Futures – up to 15x
Equity Intraday -up to 28x
Equity Options – up to 8x
Currency Futures – up to 12x
Commodities – up to 17x
Currency Options – up to 8x
Equity Delivery – up to 10x
Equity Futures – up to 10x
Equity Intraday -up to 20x
Equity Options – up to 15x
Currency Futures – up to 12x
Commodities – up to 12x
Currency Options – up to 10x
Pros and Cons
When it comes to customer support, Zerodha has phone support and email support with quick response time and appropriate answers. There is no 24/7 and live chat support.
When it comes to customer support, Karvy offers fast support with its phone support and email support. There is no 24/7 support.
It can be concluded that though Karvy has great offerings for its clients with more exchanges to invest in, Zerodha has low charges & here you can find more about the platform fees & charges. If you are a beginner, then also Zerodha is the perfect platform to get started with its outstanding education section as it provides LearnApp with an advanced feature for education resources to its traders. To know more about other trading features & services about Zerodha, you can check here our other comparisons to finalize your best trading broker today.