Karvy Online | Free Demat account by the industry leader

Are you a new bee in the stock market? want to try your luck in the stock market? You are reading this article means your answer is big YES. Well with the adequate knowledge and right tool it is certainly possible to make money in the stock market. Your next question must be that how can I start investing in the stock market? What all things do I need to start trading in the stock market? You need the correct tools and right advice to be successful in the stock market. Today we are going to discuss one such tool which can help you in your success journey. I am talking about the Karvy Online demat account which is one of the best in the industry having experience of more than 20 years.

Company background

Karvy is one of the leading financial service providers in India. The company was started by 5 people from Hyderabad who were working for a chartered accountancy firm. They decided to go beyond the boring routine and decided to start a business. It was 1983 when the financial literacy was a word one would find only in the dictionary. The market was also in its initial phase, there was no technology available. Their “Never give up” attitude is what helped them to become one of the leading brands in India.

They offer a variety of services like stock broking, mutual fund distribution, depository participant for NSDL and CDSL, commodities broking, wealth management. They have also forayed into the data management field. They have their presence worldwide having offices in the United States, Dubai, Malaysia, Philippines, and Behrin. The company has more than 30000 employees across 900 offices in 400 cities. The company started with Stockbroking and advisory businesses.

Karvy Online Demat Account

In this article, we will discuss the Karvy demat account. For trading and investment with Karvy, you need a trading account with Karvy. The trading account will offer to trade in equity, commodity and currency derivatives on BSE, NSE and MCX platform.

Opening the trading account with Karvy is a quick process for both online as well as offline as they have their branch offices across major cities of India. Let’s go through the process of account opening.

Karvy is among few brokers in India who offers demat account opening in 15 minutes. You will get a maximum credit of Rs. 5500/- (maximum credit per segment is Rs. 1100/-) in your trading account as a brokerage reversal for first 30 days. The online process uses e-KYC facility which allows the customer to complete KYC on the spot via Aadhaar number or through video verification. below is the step-by-step guide for doing e-KYC.

Online process

  • Fill in the online form on karvyonline.com
  • Submit scan copies of documents
  • Go through the IPV(In Person Verification) process via Skype or Whatsapp
  • Verify through Aadhaar OTP
  • Sign documents digitally
  • Get the account opening confirmation

Offline process

The second method is the conventional method in which you need to visit the Karvy branch office or a sub-broker. Fill in the physical form submit the required documents like a passport photo, PAN copy, canceled cheque etc.

Once you submit your application for account opening, here is the link to check your application status. Enter your application number and PAN card number to check the status of your application.

Account types offered by Karvy Online

Karvy offers 2 type of accounts:

  • Equity AccountKey features of Zero Account:
    • Zero account opening fees for demat and trading a/c
    • Upfront payment of minimum Rs 10,000 as a margin
    • Free e-Insurance Account
    • Zero AMC for 1 year
    • Daily research reports through SMS / Email
    • Premium subscription plan is available
    • Pay one time Rs 1200 and get lifetime free AMC
  • Priority AccountKey features of Priority Account:
    • Offers investment strategies in equities based on Techno-Funda Analysis
    • Access to dedicated relationship managers and equity advisors
    • Access to the research reports and market prediction
    • All requests and applications made by you are processed on priority.
    • A range of service request is processed over the counter.

Karvy Account Opening Charges

The account opening fees are as below:

  • Karvy Account Opening Charges (Trading Acct): ₹0
  • Karvy AMC Charges (Trading Acct): ₹0
  • Karvy Account Opening Charges (Demat Acct): ₹0
  • Karvy AMC Charges (Demat Acct): ₹500

Karvy Online’s Trading Platforms

Karvy uses the latest technology and is available on all platforms like desktop software, web application, mobile app. Let’s discuss the one by one.

Karvy Online Web Trading

Karvy’s NEST trading account is the web-based trading account which is fast and lightweight. Means it can run smoothly on a low bandwidth as well. It provides secure and real-time access to quotes and news. Using this platform user can place orders in seconds.

Features:

  • Stay updated with latest market news.
  • Convert your position from intraday to delivery and vice versa.
  • Display your executed trades.
  • You can get the best five buy and sell rates and quantity.
  • Customized ticker for your selected quotes.
  • Intraday charts.
  • View all your buy, sell and position at one place real-time net profit or loss position.
  • Back office reports and supports.

Karvy Online Mobile Trading App

The mobile trading app is the platform which allows a trader to trade via mobile phone on the move. You can get the latest news, currencies, quotes from NSE and BSE. The mobile app is available in Google Play and App Store for free, or give a missed call on 8806038032 to get app download link on your mobile.

Features:

  • Real-time data.
  • Access market news and updates on the move.
  • Support multiple order types – Delivery, Intraday, Shortsell, Cover Order (CO) and After Market Orders (AMO)
  • “Ask the Expert” and live chat support.
  • Trade on the go.
  • Fund transfer (deposit and withdraw – both the ways)
  • Trade in equity, currencies, derivatives, commodity.
  • Get researched recommendations.
  • Get the access to experts research report.
  • Calculate margins with advanced calculators.
  • In-app push notification for latest updates and news.
  • Keep an eye on top gainers, losers and market actions.
  • Analyse stock based on their price movements through strategies and scanners.
  • Branch locator.

Karvy Online Desktop Trading

Karvy’s desktop application – NEST (Next Generation Securities Trading System) is the desktop based application that allows traders to perform several trading functions. It is fast, convenient and secure for trading activities.

Features:

  • All market statistics are available.
  • Place buy/sell orders easily.
  • Know the available cash limit and margins available.
  • Set alerts and triggers of your choice.
  • Create multiple watchlist groups.
  • View open orders executed orders and rejected orders.
  • Back office reports, and DP statements.

Assisted Trading

This is the offline service for trading in equity, commodity and other asset classes. The market experts will be assigned to you for all your need. These market experts are industry leaders and are watching the market movements closely. As they are experts they understand trends and assist you in taking the best investment decision.

Each client is assigned a particular relationship manager (RM). You can ask your query to this RM and he will help you in taking the best possible decision.

Ways to get in touch for help.

  • Get help via Whatsapp no. 7093706007
  • Drop your number and get a call back from Karvy
  • Toll-free no: 1800 419 8283
  • Send an email: service@karvy.com

Karvy brokerage charges

Abbreviations:

  • STT: This is charged only on the sell side for intraday and F&O trades. It is charged on both sides for Delivery trades in Equity.
  • Stamp Duty: Charges based on the state the customer is located in.
  • Goods and Services Tax (GST): This is charged at 18% of the total cost of brokerage plus transaction charges.
  • SEBI Turnover Fees: This is charged at Rs 15 per Crore.
  • Transaction Charges: This is charged at Rs 325/crore for Equity, Rs 230/crore for Futures, Rs 5500/crore on the premium for options.

Karvy Demat Account Charges

Conclusion

Karvy Online is one of the best online portals for trading in the stock market. The main thing I like about Karvy online is the expertize they have with them. They are the industry leaders, no doubt about it. Please share your views in the comment section if you already have the account or want to open one.

Wealthpedia

Vishal Jhaveri is an avid finance blogger with vast experience in various financial markets like Stocks, Mutual Funds, Insurance, and Personal Finance. He believes that personal finance is a subject we aren’t taught in our schools. Earning is important to have a good sustainable life for yourself and your family. but you must acquire financial knowledge to create real wealth. Disclosure: All content provided on this website is for informational and educational purposes only and is not meant to represent trade or investment recommendations.

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