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Groww vs Karvy (Compare Groww vs Karvy)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Groww vs Karvy, Below comparison of Groww vs Karvy highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Groww vs Karvy is given below:

Groww Karvy
About The Brokers
Groww :

"Groww is one of India's fastest-growing platforms and undoubtedly the best platform for brokerage-free Direct mutual funds investment. They have a strong customer bas   >>> more

Karvy :

"Karvy Online is certainly a renowned name in share brokerage Industry with over 6 lakh active customer base, powerful online trading tools, Research based investment    >>> more

Find More Information about the Broker :
Groww :
OVERVIEW BROKERAGE PRODUCTS & SERVICES
Karvy :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Groww :
 Discount Broker
Karvy :
 Full Service Broker
Promo/offers
Groww :
Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer
Karvy :
N/A
Advantage
Groww :
  •  Free research services
  •  No DP charges on buy & low brokerage.
  •  Commission Free mutual fund investment
  •  Free Demat & Trading account, No charges on account opening
  •  Zero Clearing Charges
  •  Zero Demat AMC Charges
  •  Option to invest online in digital gold.
Karvy :
  •  Huge Branch & Partner network.
  •  Trading is available in both BSE and NSE.
  •  Offer Commodity Trading & Investment facility in Mutual funds & IPO.
  •  Karvy offers zero demat AMC for first year.
  •  Free research reports.
Disadvantage
Groww :
  •  No F&O Trading, Grow does not provide Options & Future Trading.
  •  Does not provide a 3in1 account facility.
  •  Does not provide commodity Trading
  •  Does not provide trading options: Bracket, GTT orders, etc
  •  does not provide Margin trading facilityc
  •  No Call and Trade services
  •  No Margin against shares
  •  Does not offer NRI Trading
Karvy :
  •  Doesn't offer 3-in-1 account.
  •  High brokerage.
  •  No referral Program
  •  Lacks transparency in Brokerage charges.
Why This
Groww :
  •  Groww charge Rs.20 per executed order or 0.05% of order value (whichever is lower) for delivery trade.
  •  Equity intraday trade at Rs. 20 or 0.05% (whichever is lower)
  •  Groww provides mutual funds investment at Zero Fees, No transaction charges,
  •  100% paperless online Demat account opening
  •  128 bit SSL Encryption
  •  Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost
  •  No DP charges on buy.
  •  Highly rated Groww mobile App
  •  Facility to invest in US Stocks
Karvy :
  •  Wide Network with over 289 Business location & 540+ Franchise partners.
  •  Amongst top 10 stock brokers in India and top 3 depository participants.
  •  All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  •  Combined account facility that caters to all investment opportunities such as trade in Equities, Derivatives, Currency and also investing in IPOs, Mutual funds and NCDs.
  •  Offer NRI Trading.

Groww vs Karvy Account Opening & AMC Charges

Groww Trading Account Opening Fee is ₹0 (Free) and Karvy Trading Account Opening Fee is ₹650 . Groww Demat Account AMC is ₹0 (Free) and Karvy Demat Account AMC is ₹420 .

Groww Karvy
Trading Account Opening Fee Trading Account Opening Fee :

₹0 (Free)

Trading Account Opening Fee :

₹650

Demat Account Opening Fee Demat Account Opening Fee :

₹0 (Free)

Demat Account Opening Fee :

₹0

Demat Account AMC Demat Account AMC :

₹0 (Free)

Demat Account AMC :

₹420

Trading Account AMC Trading Account AMC :

₹0 (Free)

Trading Account AMC :

₹0


Groww vs Karvy Brokerage Charges

Groww Brokerage Charges Equity Delivery is Rs.20 per executed order or 0.05% of order value and Equity Intraday is Rs.20 per executed order or 0.05% of order value and Equity Options is Flat Rs.20 per Trade . Karvy Brokerage Charges Equity Delivery is 0.1% and Equity Intraday is 0.01% and Equity Options is ₹10 per lot .

Groww Karvy
Plan Name Plan Name :

Standard Plan

Plan Name :

Basic Plan

Plan Name :

Retail Brokerage Plan

Plan Name :

Premium Subscription Plan

Equity Delivery Equity Delivery :

Rs.20 per executed order or 0.05% of order value

Equity Delivery :

Rs.20 per executed order or 0.05% of order value

Equity Delivery :

0.1%

Equity Delivery :

0.3%

Equity Intraday Equity Intraday : - Equity Intraday :

Rs.20 per executed order or 0.05% of order value

Equity Intraday :

0.01%

Equity Intraday :

0.03%

Equity Future Equity Future : - Equity Future :

Flat Rs.20 per Trade

Equity Future :

0.01%

Equity Future :

0.03%

Equity Options Equity Options : - Equity Options :

Flat Rs.20 per Trade

Equity Options :

₹10 per lot

Equity Options :

₹30 per lot

Currency Futures Currency Futures : - Currency Futures :

Trade Not Available

Currency Futures :

0.01%

Currency Futures :

0.03%

Currency Options Currency Options : - Currency Options :

Trade Not Available

Currency Options :

₹10 per lot

Currency Options :

₹30 per lot

Monthly Fee Monthly Fee : - Monthly Fee :

NA

Monthly Fee :

₹100,000 per year

Monthly Fee :

Margin Trading Margin Trading : - Margin Trading :

NA

Margin Trading :

Margin Trading :

Commodity Futures Commodity Futures : - Commodity Futures :

Trade Not Available

Commodity Futures :

0.01%

Commodity Futures :

0.03%

Commodity Options Commodity Options : - Commodity Options :

Trade Not Available

Commodity Options :

₹10 per lot

Commodity Options :

₹30 per lot


Groww vs Karvy Transaction Charges (Per Crore)

Groww Transaction Charges (Per Crore) Equity Future is NSE: 0.0019% | BSE 0.003% (each side) and Equity Options is NSE: 0.0019% | BSE 0.003% (each side) . Karvy Transaction Charges (Per Crore) Equity Future is ₹230 and Equity Options is ₹5500 .

Groww Karvy
Equity Delivery Equity Delivery :

NSE ₹345 per Cr | BSE ₹345 per Cr

Equity Delivery :

₹325

Equity Intraday Equity Intraday :

NSE ₹345 per Cr | BSE ₹345 per Cr

Equity Intraday :

₹325

Equity Future * Equity Future :

NSE: 0.0019% | BSE 0.003% (each side)

Equity Future :

₹230

Equity Options * Equity Options :

NSE: 0.0019% | BSE 0.003% (each side)

Equity Options :

₹5500

Currency Futures * Currency Futures :

NA

Currency Futures :

₹325

Currency Options Currency Options :

NA

Currency Options :

Commodity Commodity :

NA

Commodity :

₹300


Groww vs Karvy Other Charges

Groww Minimum Brokerage is ₹20 or 0.05% per executed order and Call & Trade is NA . Karvy Minimum Brokerage is Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher and Call & Trade is .

Groww Karvy
Minimum Brokerage Minimum Brokerage :

₹20 or 0.05% per executed order

Minimum Brokerage :

Delivery 1% or 10p per scrip | Intra-day 0.50% or 5p per scrip whichever is higher

Call & Trade Call & Trade :

NA

Call & Trade :

Stamp Duty * Stamp Duty :

Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%

Stamp Duty :

State wise

DP Charges (on sell side) DP Charges (on sell side) :

₹8 + ₹5.50 (CDSL Charges) per ISIN

DP Charges (on sell side) : -
Other Miscellaneous Charges Other Miscellaneous Charges :

Physical Contract Note:₹20+Courier; ₹50Auto square

Other Miscellaneous Charges :


Groww vs Karvy Features

Groww and Karvy both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

Groww Karvy
Trading Platform Trading Platform :

Groww Web , Groww Mobile

Trading Platform :

OMNESYS NEST - Web, Trader, KarvyOnline mobile app

Placing orders through charts Placing orders through charts :

No

Placing orders through charts :

No

Trading Alerts Trading Alerts :

Yes

Trading Alerts :

No

Research and Advice / Trading Tips Research and Advice / Trading Tips :

No

Research and Advice / Trading Tips :

0

Detailed Education Initiatives Detailed Education Initiatives :

No

Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers :

Single platform for stocks, MFs, Gold, IPOs, ETFs,

Unique features & Offers :

Ask the expert, The Finapolis

Referral Program Referral Program :

No

Referral Program :

0

Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity Cash) :

Yes

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

No

Margin Against Shares (Equity F&O) :

Yes


Groww vs Karvy Demat Account Charges

A comparative table of various demat account charges between Groww and Karvy is below:

Groww Karvy
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL & NSDL

Account Opening Fee Account Opening Fee :

₹0 (Free)

Account Opening Fee :

₹650

Advance Deposit Advance Deposit :

NIL

Advance Deposit :

Nil

AMC AMC :

₹0 (Free)

AMC :

₹0

Dematerialisation Charges Dematerialisation Charges :

₹150 per certificate + courier charges

Dematerialisation Charges :

₹5 per certificate + ₹40 for courier charges;

For BSDA Accounts: ₹10 per certificate + ₹50 courier charges

Rematerialisation Charges Rematerialisation Charges :

₹150 per certificate + courier charges

Rematerialisation Charges :

₹20 for every 100 securities or ₹20 per certificate whichever is higher

Transaction Charges (Credit) Transaction Charges (Credit) :

NA

Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

₹8 + ₹5.50 (CDSL Charges) per ISIN

Transaction Charges (debit) :

₹15 per transaction

Pledge Creation Charges Pledge Creation Charges :

₹20 + ₹12 per request (CDSL Charges))

Pledge Creation Charges :

0.03% of value of securities, Minimum ₹100 and a Maximum of ₹5000 Per instruction

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

₹20 + ₹12 per request (CDSL Charges))

Pledge Creation Confirmation Charges :

0.03% of value of securities, Minimum ₹100 and a Maximum of ₹5000 Per instruction

Pledge Invocation Charges Pledge Invocation Charges :

₹20

Pledge Invocation Charges :

0.03% of value of securities, Minimum ₹100 and a Maximum of ₹5000 Per instruction

Failed Instruction Charges Failed Instruction Charges :

₹50 per ISIN

Failed Instruction Charges :

₹100 per instruction

Other Charges Other Charges :

KYC Modification Request : ₹50

Other Charges :

₹100 per Demat Rejection

₹100 per Client Modification Request

₹100 per DIS Lost Request

₹100 per request for physical statements


Groww vs Karvy Basic Details

Groww Year of Incorporation is 2016 and Total Number of Clients is 1784059 and . Karvy Year of Incorporation is 1985 and Total Number of Clients is 2,60,000+ and Total Number of Branches is 575 .

Groww Karvy
Year of Incorporation Year of Incorporation :

2016

Year of Incorporation :

1985

Active Exchange Memberships Active Exchange Memberships :

NSE and BSE

Active Exchange Memberships :

NSE, BSE, MCX

Demat Services Demat Services :

From CDSL

Demat Services :

No

Website Website :

https://groww.in/

Website :

www.karvyonline.com

Contact Details Contact Details : - Contact Details :

18004258283

Total Number of Clients Total Number of Clients :

1784059

Total Number of Clients :

2,60,000+

Total Number of Branches Total Number of Branches : - Total Number of Branches :

575

Products * Products :

GROWW MOBILE APP

Products :

Institutional broking, retail broking, private wealth management, and financial product distribution


Groww vs Karvy Leverage

Leverage

Groww Karvy
Equity Delivery Equity Delivery :

1x (no margin)

Equity Delivery :

Upto 5x with 24% interest per year

Equity Intraday Equity Intraday :

Up to 8x (based on the stock)

Equity Intraday :

Upto 20x

Equity Futures Equity Futures :

NA

Equity Futures :

Upto 4x

Equity Options Equity Options :

NA

Equity Options :

Upto 4x for shorting

Currency Futures Currency Futures :

NA

Currency Futures :

Nil

Currency Options Currency Options :

NA

Currency Options :

Nil

Commodity Futures Commodity Futures :

NA

Commodity Futures :

Upto 4x

Commodity Options Commodity Options :

NA

Commodity Options :

F&O (Eq, Curr, Comm) F&O (Eq, Curr, Comm) : - F&O (Eq, Curr, Comm) : -

Groww vs Karvy Orders

Orders

Groww Karvy
Cover Orders (CO) Cover Orders (CO) :

NO

Cover Orders (CO) :

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

NO

Bracket orders / One Cancels Other (BO / OCO) :

After Market Orders (AMO) After Market Orders (AMO) :

No

After Market Orders (AMO) :

Buy Today Sell Tomorrow (BTST) * Buy Today Sell Tomorrow (BTST) :

Yes

Buy Today Sell Tomorrow (BTST) :

Sell Today Buy Tomorrow (STBT) * Sell Today Buy Tomorrow (STBT) :

No

Sell Today Buy Tomorrow (STBT) :

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

No

Good Till Cancelled (GTC) :


Groww vs Karvy Research and Advice / Trading Tips

Research and Advice / Trading Tips

Groww Karvy
Equity Trading Recommendation * Equity Trading Recommendation :

No

Equity Trading Recommendation :

Yes

Equity Investment Recommendation * Equity Investment Recommendation :

No

Equity Investment Recommendation :

Yes

Recommendation basis risk Profile * Recommendation basis risk Profile :

No

Recommendation basis risk Profile :

Yes

Comparison * Comparison :

No

Comparison :

Yes

Free Tips * Free Tips :

No

Free Tips :

Yes

Daily Market report * Daily Market report :

No

Daily Market report :

Yes

ETF research * ETF research :

No

ETF research :

No

Quarterly Results * Quarterly Results :

No

Quarterly Results :

Yes


Groww vs Karvy Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Groww Karvy
Availability for franchisee / AP Availability for franchisee / AP :

NA

Availability for franchisee / AP :

Yes

Investment required for Franchisee / AP Investment required for Franchisee / AP :

NA

Investment required for Franchisee / AP :

Rs.25,000 to Rs.50,000


Groww vs Karvy Product & Services

Groww and Karvy both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

Groww Karvy
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

NA

Margin Trading :

Yes

Call in Trade * Call in Trade :

NA

Call in Trade :

Yes

Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges :

Yes

Limit Order * Limit Order :

Yes

Limit Order :

Yes

3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account :

No

NRI Services * NRI Services :

NO

NRI Services :

Yes

SMS Alerts * SMS Alerts :

YES

SMS Alerts :

Yes

Offers Multiple Plan * Offers Multiple Plan :

No

Offers Multiple Plan :

No

IPO Investment * IPO Investment :

YES

IPO Investment :

Yes

Portfolio Analysis * Portfolio Analysis :

NO

Portfolio Analysis :

Yes

Advanced Charting Features * Advanced Charting Features :

No

Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator :

Yes

Brokerage Calculator :

No

Margin Calculator * Margin Calculator :

Yes

Margin Calculator :

Yes

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

No

Bracket Orders & Trailing Stop Loss :

Yes

Equity Future & Option Trading * Equity Future & Option Trading :

No

Equity Future & Option Trading :

Yes

Currency Future & Option Trading * Currency Future & Option Trading :

No

Currency Future & Option Trading :

Yes

Market Trading * Market Trading :

Yes

Market Trading :

Yes

Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan :

No

Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading :

Yes


Groww vs Karvy Customer Services

Groww and Karvy both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

Groww Karvy
Toll Free Number * Toll Free Number :

No

Toll Free Number :

Yes

Live Chat Facility * Live Chat Facility :

No

Live Chat Facility :

No

Email Facility * Email Facility :

Yes

Email Facility :

Yes

Branch Offices * Branch Offices :

No

Branch Offices :

Yes

Customer Care * Customer Care :

No

Customer Care :

Yes

Community Service * Community Service :

No

Community Service :

Yes

Relationship Manager * Relationship Manager :

No

Relationship Manager : -
24/7 Support * 24/7 Support :

No

24/7 Support :

No


Groww vs Karvy Other Investement

Groww and Karvy both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

Groww Karvy
Commodity Trading * Commodity Trading :

No

Commodity Trading :

Yes

Investment in ETFs * Investment in ETFs :

Yes

Investment in ETFs :

Yes

Investment in Mutual Funds * Investment in Mutual Funds :

Yes

Investment in Mutual Funds :

Yes

Investment in Bonds * Investment in Bonds :

No

Investment in Bonds :

Yes

Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

No

Investment in Corporate Debt instruments :

Yes

Insurance Services * Insurance Services :

No

Insurance Services :

Yes

Banking Services * Banking Services :

No

Banking Services :

Yes


Groww vs Karvy Trading PlatForm

Groww and Karvy both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

Groww Karvy
Web Platform * Web Platform :

Yes

Web Platform :

Yes

Android Mobile App * Android Mobile App :

Yes

Android Mobile App :

Yes

Desktop Windows * Desktop Windows :

No

Desktop Windows :

Yes

Desktop Mac * Desktop Mac :

No

Desktop Mac :

No

I-Pad App * I-Pad App :

Yes

I-Pad App :

No

Virtual Trading * Virtual Trading :

No

Virtual Trading :

No

iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App :

No

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