Karvy Online Review and Information on Brokerage Charges

Karvy Online Review:

Why Open Account with Karvy Online?
1	Wide network of sub brokers and franchises hence quick access to customer support.
2	They offer multiple investment products and portfolio services
3	Their research reports are considered reliable
4	They conduct live chat between experts and customer wherein customers can get their queries about market answered
Disadvantages of Karvy Online
1	Mobile trading app is not upto the mark
2	It is not a 3-in-1 Demat Account
3	Slightly higher number of complaints compared to industry average

In this Karvy Online review, I will talk about their background, brokerage charges, trading platforms and any other charges associated with the account.

About Karvy Online :

Karvy online is Indian stock broker was established in year 1985 and it is a subsidiary of Karvy group. The Karvy group is a company involved in financial service industry.

Karvy Online is a member of BSE, NSE, MCX-SX and NCDEX. It has it presence in more than 400 cities and towns in India and offices in New York and Dubai.

They offer services for below mentioned segments,

• Equity
• Derivatives
• IPO
• Commodity
• Currency
• ETFs
• Mutual Funds
• NCDs
• Fixed Deposits

Karvy Online Brokerage Charges:

Below table captures the basic brokerage plans. There are multiple plans which are customized depending upon the customer but below is the default plan.

The above pricing structure is reasonable . but if you are planning to open account with them, I suggest to negotiate further.

Account Opening Charges:

• Trading Account opening charges: Zero
• Demat Account opening charges: Rs 420
• Trading Account Annual Maintenance charges: Zero
• Demat Account Annual Maintenance charges: Nil for First year and Rs 500 second year onwards

Karvy Trading Platforms:

Karvy Online offers trading platforms for all kinds of devices such as Desktop, Web and Mobile.

One can also trade by calling their call and trade numbers.

Karvy NEST Trading Application:

Karvy NEST software can be downloaded and installed in your desktop/laptop. It works even with Pentium III systems.

Some of the key features of this trading application is;

• Possible to set up personalized alerts and notifications
• Check trades done, order and open position
• Place buy and sell orders quickly
• Create and customize market watches to see scrips movements

Karvy Online Web:

It is a browser based application and supported in famous browsers like Chrome, Internet Explorer, Mozilla and Safari.

You dont have to install any software and login using a web address. All you need is your login credentials.

Some of the prominent features of this web based platform are;

• Place buy and sell and also modify the orders
• Get access to back office reports and news
• Possible to transfer funds with most of the major banks

Karvy Online Trade Mobile App:

This is one of the area where I would like to see some improvements from them.

The mobile app has many issues such as Session Expiry issue, login issues , difficult to perform fundamental analysis.

This app is available for all versions such as Android, iOS and Windows.

Some of the features of this app are;

• Track your portfolio and transfer funds from major banks
• Trade in equities, Derivative and currency segments in exchanges like NSE, BSE and MSEI
• One can access the app without being a Karvy Online customer – some features like realtime news and watchlist can be used.

Karvy Online Contact Detail:

Registered Office:

Karvy House, No 46, 8-2-609/K
Avenue 4, Street no 1, Banjara Hills
Hyderabad – 500034

Karvy Online Pros and Cons:

Disadvantages of Karvy Online:

• Mobile trading app is not upto the mark
• It is not a 3-in-1 Demat Account
• Slightly higher number of complaints compared to industry average

Advantages of Karvy Online:

• Wide network of sub brokers and franchises hence quick access to customer support.
• They offer multiple investment products and portfolio services
• Their research reports are considered reliable
• They conduct live chat between experts and customer wherein customers can get their queries about market answered

Karvy Online Review – Conclusion:

Karvy Online is one of the top full service brokers of India. Compared to other full service brokers, their brokerage is on lower side.

Also considering their research recommendations and customer service feedback, they should be on your top of the list. However their mobile app needs to be improved.

But if you still save on brokerage cost, I suggest to switch to any one of the discount brokers.