• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

IIFL vs Karvy (Compare IIFL 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 IIFL vs Karvy, Below comparison of IIFL 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 IIFL vs Karvy is given below:

IIFL Karvy
About The Brokers
IIFL :

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you   >>> 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 :
IIFL :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Karvy :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
IIFL :
 Full Service Broker
Karvy :
 Full Service Broker
Promo/offers
IIFL :
Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades.Get the offer
Karvy :
N/A
Advantage
IIFL :
  • Offer online IPO and Equity SIP
  • 1900+ branches all over India & have a global presence
  • Trading facility to NRIs is provided
  • Provide multiple broking plans
  • IIFL Trade terminal is one of the best trading terminal in India
  • Offer Commodity Trading & Investment facility in Mutual funds & IPO
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
IIFL :
  • Scope improvement is there in customer support.
  • Provides only 2-in-1 account facility
  • Less transparency in brokerage plans
  • High brokerage.
  • Minimum Brokerage charges
Karvy :
  •  Doesn't offer 3-in-1 account.
  •  High brokerage.
  •  No referral Program
  •  Lacks transparency in Brokerage charges.
Why This
IIFL :
  • Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.
  • Provide IPO service and equity SIP also
  • Amongst top 10 stock brokers in India
  • Best rated mobile Trading Platforms with >1.9m download.
  • Have branches all over India. Approx 1900+ Branches
  • They provide multiple brokerage plans
  • All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O
  • Offer NRI Trading.
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.

IIFL vs Karvy Account Opening & AMC Charges

IIFL Trading Account Opening Fee is ₹250+GST and Karvy Trading Account Opening Fee is ₹650 . IIFL Demat Account AMC is ₹0 (for the 1st Year) and after ₹400 per year and Karvy Demat Account AMC is ₹420 .

IIFL Karvy
Trading Account Opening Fee Trading Account Opening Fee :

₹250+GST

Trading Account Opening Fee :

₹650

Demat Account Opening Fee Demat Account Opening Fee :

₹0

Demat Account Opening Fee :

₹0

Demat Account AMC Demat Account AMC :

₹0 (for the 1st Year) and after ₹400 per year

Demat Account AMC :

₹420

Trading Account AMC Trading Account AMC :

₹0

Trading Account AMC :

₹0


IIFL vs Karvy Brokerage Charges

IIFL Brokerage Charges Equity Delivery is ₹ 0 and Equity Intraday is ₹ 20 or 0.05% whichever is lower and Equity Options is ₹ 20 . Karvy Brokerage Charges Equity Delivery is 0.1% and Equity Intraday is 0.01% and Equity Options is ₹10 per lot .

IIFL Karvy
Plan Name Plan Name :

Standard Plan

Plan Name :

Retail Brokerage Plan

Plan Name :

Premium Subscription Plan

Equity Delivery Equity Delivery :

₹ 0

Equity Delivery :

0.1%

Equity Delivery :

0.3%

Equity Intraday Equity Intraday :

₹ 20 or 0.05% whichever is lower

Equity Intraday :

0.01%

Equity Intraday :

0.03%

Equity Future Equity Future :

₹ 20 or 0.05% whichever is lower

Equity Future :

0.01%

Equity Future :

0.03%

Equity Options Equity Options :

₹ 20

Equity Options :

₹10 per lot

Equity Options :

₹30 per lot

Currency Futures Currency Futures :

₹ 20 or 0.05% whichever is lower

Currency Futures :

0.01%

Currency Futures :

0.03%

Currency Options Currency Options :

₹ 20

Currency Options :

₹10 per lot

Currency Options :

₹30 per lot

Monthly Fee Monthly Fee :

₹0

Monthly Fee :

₹100,000 per year

Monthly Fee :

Margin Trading Margin Trading :

Yes

Margin Trading :

Margin Trading :

Commodity Futures Commodity Futures :

₹ 20 or 0.05% whichever is lower

Commodity Futures :

0.01%

Commodity Futures :

0.03%

Commodity Options Commodity Options :

₹ 20

Commodity Options :

₹10 per lot

Commodity Options :

₹30 per lot


IIFL vs Karvy Transaction Charges (Per Crore)

IIFL Transaction Charges (Per Crore) Equity Future is 0.0021% and Equity Options is 0.051% on premium . Karvy Transaction Charges (Per Crore) Equity Future is ₹230 and Equity Options is ₹5500 .

IIFL Karvy
Equity Delivery Equity Delivery :

0.00325%

Equity Delivery :

₹325

Equity Intraday Equity Intraday :

0.00325%

Equity Intraday :

₹325

Equity Future * Equity Future :

0.0021%

Equity Future :

₹230

Equity Options * Equity Options :

0.051% on premium

Equity Options :

₹5500

Currency Futures * Currency Futures :

0.0021%

Currency Futures :

₹325

Currency Options Currency Options :

0.051% on premium

Currency Options :

Commodity Commodity :

0.0028%

Commodity :

₹300


IIFL vs Karvy Other Charges

IIFL Minimum Brokerage is ₹0.05 per share (₹25 Min) and Call & Trade is ₹50 per call . 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 .

IIFL Karvy
Minimum Brokerage Minimum Brokerage :

₹0.05 per share (₹25 Min)

Minimum Brokerage :

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

Call & Trade Call & Trade :

₹50 per call

Call & Trade :

Stamp Duty * Stamp Duty :

Charges as per the state of residence

Stamp Duty :

State wise

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

0.04% (minimum ₹25 per debit transaction)

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

Advisory SMS - ₹50 per month

Other Miscellaneous Charges :


IIFL vs Karvy Features

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

IIFL Karvy
Trading Platform Trading Platform :

Trader terminal and IIFL Markets App

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 :

No

Trading Alerts :

No

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

0

Detailed Education Initiatives Detailed Education Initiatives :

Yes

Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers :

Market mantra, IIFL calls, Loyalty points

Unique features & Offers :

Ask the expert, The Finapolis

Referral Program Referral Program : - Referral Program :

0

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

Yes

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


IIFL vs Karvy Demat Account Charges

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

IIFL Karvy
Depository Service Provider Depository Service Provider :

CDSL and NSDL

Depository Service Provider :

CDSL & NSDL

Account Opening Fee Account Opening Fee :

₹750

Account Opening Fee :

₹650

Advance Deposit Advance Deposit :

Nil

Advance Deposit :

Nil

AMC AMC :

₹0

AMC :

₹0

Dematerialisation Charges Dematerialisation Charges :

₹15 per certificate + ₹40 as postal charges

Dematerialisation Charges :

₹5 per certificate + ₹40 for courier charges;

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

Rematerialisation Charges Rematerialisation Charges :

₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier

Rematerialisation Charges :

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

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

0.05% (Min ₹15 and max ₹100)

Transaction Charges (debit) :

₹15 per transaction

Pledge Creation Charges Pledge Creation Charges :

₹50

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 :

Nil

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 :

Nil

Pledge Invocation Charges :

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

Failed Instruction Charges Failed Instruction Charges :

Nil

Failed Instruction Charges :

₹100 per instruction

Other Charges Other Charges :

Nil

Other Charges :

₹100 per Demat Rejection

₹100 per Client Modification Request

₹100 per DIS Lost Request

₹100 per request for physical statements


IIFL vs Karvy Basic Details

IIFL Year of Incorporation is 1996 and Total Number of Clients is 389623 and Total Number of Branches is 900 . Karvy Year of Incorporation is 1985 and Total Number of Clients is 2,60,000+ and Total Number of Branches is 575 .

IIFL Karvy
Year of Incorporation Year of Incorporation :

1996

Year of Incorporation :

1985

Active Exchange Memberships Active Exchange Memberships :

NSE, BSE, MCX, and NCDEX

Active Exchange Memberships :

NSE, BSE, MCX

Demat Services Demat Services :

Yes

Demat Services :

No

Website Website :

https://www.indiainfoline.com

Website :

www.karvyonline.com

Contact Details Contact Details :

022-400710000

Contact Details :

18004258283

Total Number of Clients Total Number of Clients :

389623

Total Number of Clients :

2,60,000+

Total Number of Branches Total Number of Branches :

900

Total Number of Branches :

575

Products * Products :

Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking

Products :

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


IIFL vs Karvy Leverage

Leverage

IIFL Karvy
Equity Delivery Equity Delivery :

Upto 3x (18% Annual Interest)

Equity Delivery :

Upto 5x with 24% interest per year

Equity Intraday Equity Intraday :

Upto 20x

Equity Intraday :

Upto 20x

Equity Futures Equity Futures :

Upto 3x

Equity Futures :

Upto 4x

Equity Options Equity Options :

3x for shorting

Equity Options :

Upto 4x for shorting

Currency Futures Currency Futures :

Upto 2x

Currency Futures :

Nil

Currency Options Currency Options :

2x for shorting

Currency Options :

Nil

Commodity Futures Commodity Futures :

Upto 3x

Commodity Futures :

Upto 4x

Commodity Options Commodity Options : - Commodity Options :

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

IIFL vs Karvy Orders

Orders

IIFL Karvy
Cover Orders (CO) Cover Orders (CO) :

Yes

Cover Orders (CO) :

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

Yes

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

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

Yes

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) :

Yes

Sell Today Buy Tomorrow (STBT) :

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

Yes

Good Till Cancelled (GTC) :


IIFL vs Karvy Research and Advice / Trading Tips

Research and Advice / Trading Tips

IIFL Karvy
Equity Trading Recommendation * Equity Trading Recommendation :

Yes

Equity Trading Recommendation :

Yes

Equity Investment Recommendation * Equity Investment Recommendation :

Yes

Equity Investment Recommendation :

Yes

Recommendation basis risk Profile * Recommendation basis risk Profile :

Yes

Recommendation basis risk Profile :

Yes

Comparison * Comparison :

Yes

Comparison :

Yes

Free Tips * Free Tips :

Yes

Free Tips :

Yes

Daily Market report * Daily Market report :

Yes

Daily Market report :

Yes

ETF research * ETF research :

Yes

ETF research :

No

Quarterly Results * Quarterly Results :

Yes

Quarterly Results :

Yes


IIFL vs Karvy Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

IIFL Karvy
Availability for franchisee / AP Availability for franchisee / AP :

Yes

Availability for franchisee / AP :

Yes

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

Rs.75,000 to Rs.2,00,000

Investment required for Franchisee / AP :

Rs.25,000 to Rs.50,000


IIFL vs Karvy Product & Services

IIFL 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:

IIFL Karvy
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading :

Yes

Margin Trading * Margin Trading :

Yes

Margin Trading :

Yes

Call in Trade * Call in Trade :

Yes

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 :

Yes

NRI Services :

Yes

SMS Alerts * SMS Alerts :

Yes

SMS Alerts :

Yes

Offers Multiple Plan * Offers Multiple Plan :

Yes

Offers Multiple Plan :

No

IPO Investment * IPO Investment :

Yes

IPO Investment :

Yes

Portfolio Analysis * Portfolio Analysis :

Yes

Portfolio Analysis :

Yes

Advanced Charting Features * Advanced Charting Features :

Yes

Advanced Charting Features :

Yes

Brokerage Calculator * Brokerage Calculator :

No

Brokerage Calculator :

No

Margin Calculator * Margin Calculator :

No

Margin Calculator :

Yes

Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order :

Yes

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

Yes

Bracket Orders & Trailing Stop Loss :

Yes

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

Yes

Equity Future & Option Trading :

Yes

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

Yes

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


IIFL vs Karvy Customer Services

IIFL 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:

IIFL 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 :

Yes

Branch Offices :

Yes

Customer Care * Customer Care :

Yes

Customer Care :

Yes

Community Service * Community Service :

Yes

Community Service :

Yes

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

No

24/7 Support :

No


IIFL vs Karvy Other Investement

IIFL 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:

IIFL Karvy
Commodity Trading * Commodity Trading :

Yes

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 :

Yes

Investment in Bonds :

Yes

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

Yes

Investment in Corporate Debt instruments :

Yes

Insurance Services * Insurance Services :

Yes

Insurance Services :

Yes

Banking Services * Banking Services :

No

Banking Services :

Yes


IIFL vs Karvy Trading PlatForm

IIFL 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:

IIFL Karvy
Web Platform * Web Platform :

Yes

Web Platform :

Yes

Android Mobile App * Android Mobile App :

Yes

Android Mobile App :

Yes

Desktop Windows * Desktop Windows :

Yes

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 : - Virtual Trading :

No

iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App :

No

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