Comparison –  KARVY Vs Kotak Securities

KARVY Kotak Securities
Year of Incorporation 1985 1994
Exchanges enabled NSE, BSE, MCX-SX, MCX & NCDEX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) NSDL, CDSL NSDL/CDSL
Brokerages
Equity 0.03% Intraday, 0.3% Delivery
0.05% for Intraday & 0.5% for Delivery – Reduces upto 0.01/0.1 if brokerage paid upfront
Equity Futures 0.03% of Turnover 0.05% – Reduces upto 0.01% if brokerage paid upfront
Equity Options Rs 50/lot Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront
Currency Futures 0.03% of Turnover 0.05% – Reduces upto 0.01% if brokerage paid upfront
Currency Options Rs 50/lot Rs 100/lot – Reduces upto Rs 30/lot if brokerage paid upfront
Commodity 0.03% of Turnover 0.05% – Reduces upto 0.01% if brokerage paid upfront
Account opening charges
Trading and Demat Rs 420 NA
Only Trading NA Rs 750
Commodity Rs 200 Rs 250
Trading Tools
Platforms Mobile/ web/ desktop Mobile/ web/ desktop
Charting 5 days Intraday on ODIN 5 Days
Margins & Leverage Provided
Equity Intraday upto 20 times, 0 for Delivery
Upto 15 Times for Intraday, For Delivery upto 3 times but at Interest of Rs 75/Lakh/day or @24%/annum
Equity Futures Upto 4 times for Intraday Upto 5 times Intraday
Equity Options No Leverage for buying, upto 4 times for Shorting Intraday Buying No Margin, Shorting upto 2 times for Intraday
Currency Futures No Leverage Upto 2 times Intraday
Currency Options No Leverage Buying No Margin, Shorting upto 2 times for Intraday
Commodity Upto 4 times for Intraday Upto 2 times Intraday
Serviceable
3 in 1 Account NO YES
Instant Fund withdrawal NO YES
Instant Fund Transfer YES YES
Relationship Managers YES YES