Comparison – ICICI Direct Vs Karvy

ICICI Direct KARVY
Year of Incorporation 2000 1985
Exchanges enabled NSE & BSE NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) NSDL & CDSL NSDL, CDSL
Brokerages
Equity Equity Intraday 0.05% & Delivery 0.25%- Negotiable 0.03% Intraday, 0.3% Delivery
Equity Futures 0.05% of Turnover for Overnight & Intraday only one side- Negotiable 0.03% of Turnover
Equity Options Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable Rs 50/lot
Currency Futures 0.05% of Turnover for Overnight & Intraday only one side- Negotiable 0.03% of Turnover
Currency Options Rs 95/lot for Overnight & Rs 25/lot for Intraday – Negotiable Rs 50/lot
Commodity NA 0.03% of Turnover
Account opening charges
Trading and Demat Rs 975 for 3 in 1 Account Rs 420
Only Trading NA NA
Commodity NA Rs 200
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 20 Days 5 days Intraday on ODIN
Margins & Leverage Provided
Equity Intraday upto 25 times & Delivery upto 5 times for interest Intraday upto 20 times, 0 for Delivery
Equity Futures Upto 4 times for intraday Upto 4 times for Intraday
Equity Options Not for buying but upto 2 times for shorting
No Leverage for buying, upto 4 times for Shorting Intraday
Currency Futures NA No Leverage
Currency Options NA No Leverage
Commodity NA Upto 4 times for Intraday
Serviceable
3 in 1 Account YES NO
Instant Fund withdrawal YES NO
Instant Fund Transfer YES YES
Relationship Managers YES YES