Karvy Stock Broking Limited (Karvy) is a SEBI registered Stock Broker, Depository Participant, Portfolio Manager and the distributer of financial products in India. Karvy offers trading services at BSE, NSE and MCX since 2004.
Karvy Stock Broking is part of Karvy Group, a Hyderabad based diversified financial service provider. Karvy group was founded in 1982. Karvy group of companies serve over 7 crore customers and over 800 corporates.
Karvy is an electronic custodian registered with the National Securities Depository Ltd (NSDL) and Central Securities Depository Ltd (CSDL). Karvy offers depository participant services (mainly Demat Account related services) to retail and corporate customers since in 1998.
The Karvy Demat Account can be access online as well as offline through the network of branches. Karvy’s Online DP Services provide secure access to the Demat Account online.
Products offered by Karvy Stock Broking includes.
Facts about Karvy Stock Broking (As of Dec 2016)
|Account Opening Fee||Nil|
|Closure of Account Nil||Nil|
|First Year AMC||Nil|
|Annual Maintenance Charges||₹500|
|Transaction Charges (Debit)||₹12 per instruction (CDSL)|
|Demat Charges||₹5 per certificate + Courier Charges Rs 40|
|Remit Charges||₹20 for every 100 securities or ₹20 per certificate whichever is higher|
|Pledge Creation||0.03% of value of securities, Minimum ₹100 and a Maximum of ₹5000 Per instruction|
|Pledge Closure||0.03% of value of securities, Minimum ₹100 and a Maximum of ₹5000 Per instruction|
|Pledge Invocation||0.03% of value of securities, Minimum ₹100 and a Maximum of ₹5000 Per instruction|
|Failed instruction||charges ₹100 Per instruction|
|Other Charges||1. ₹100 per Demat Rejection 2. ₹100 per Client Modification Request 3. ₹100 per DIS Lost Request 4. ₹100 per request for physical statements|
To open a new demat account with Karvy, customer has to pay demat account opening fee. Most share brokers also charge Annual Maintenance Charges (AMC). AMC is yearly fee charged to the customer to maintain the demat account with the broker. Find the Karvy Demat Account Opening Charges and Karvy AMC as below:
Karvy offers 3 type of accounts:
Key features of Zero Account:
Key feature of Express Account:
Key features of Priority Account:
|Monthly Fee (Fixed)|
|Equity Options||₹30 per lot|
|Currency Options||₹30 per lot|
|Commodity Options||₹30 per lot|
Karvy Brokerage Plan – Premium Subscription Plan of 100000
|Monthly Fee (Fixed)||₹100,000 per year|
|Equity Options||₹10 per lot|
|Currency Options||₹10 per lot|
|Commodity Options||₹10 per lot|
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