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)

  1. Number of offices: 900+
  2. Presence in number of cities: 400+
  3. Number of employees: 16,000
  4. Products offered: Equity, Derivatives, Mutual Funds, Currencies, Commodities, SIP and Depository Services


For Resident Retail Customers and Corporates
Particulars Charges
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 DP Account Opening Fee: ₹0
  • Karvy DP Account AMC: ₹420
  • Share Debit Transaction Fee: ₹15 per transaction
  • Is demat account mandatory?: No
  • Personal Loans


Karvy offers 3 type of accounts:

1.Zero Account

Key features of 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
  • Daily research reports through SMS / Email
  • Premium subscription plan are available
  • Pay one time Rs 1200 and get lifetime free AMC

2.Express Account

Key feature of Express Account:

  • Open account online with eKYC and digital signature in just few minutes
  • Get access to your account instantly
  • Premium subscription plan are available
  • Pay one time Rs 1200 and get lifetime free AMC

3.Priority Account

Key features of Priority Account:

  • Offers investment strategies in equities based on Techno-Funda Analysis
  • Access to dedicated 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.


Customer pays commission (brokerage) when buying or selling stocks through Karvy. The brokerage charges for equity, commodities and currency derivative trading for Karvy are explain as below. 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 Options ₹10 per lot
Equity Futures 0.01%
Currency Futures 0.01%
Currency Options ₹10 per lot
Commodity Futures 0.01%
Commodity Options ₹10 per lot