Comparison –  Kotak Securities Vs KARVY

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