Here is a point by point comparison of Karvy Online Vs Upstox. Karvy Online is the broking arm of Karvy Group and has presence across 400 cities of India. It is involved not only in retail broking but also has a prominent name in institutional and corporate investments. Incorporated in 1985, Karvy today has membership with BSE, NSE, MCX-SX, MCX and NCDEX and is one of the top 10 stock brokers in India. Upstox is a discount broker launched by 3 co-founders in 2012. Today, Upstox does a daily turnover of ₹5000 Crore with a customer base of around 20,000. The firm has been backed up by some of the prominent names such as Ratan Tata, Kalaari Capital and GVK Davix.
Everything about discount brokers such as Upstox is Online, be it – customer service, trading, account opening etc. Full service brokers such as Karvy Online, on the other hand, will help you, spoon feed you, hand hold you through the process, even if you need an offline help, meet someone, talk to somebody and so on. Choosing between the two depends on your preferences, your online appetite, your understanding of the stock market and so on.
To make things easy for you, we have listed out the comparison between Karvy Online Vs Upstox to help you find which of the two suits your needs better. The comparison is made on aspects such as:
Account Opening Charges
Exposure or Leverages
Generally above mentioned aspects are good enough to make a decision based on your preferences, but feel free to let us know what more areas you would like us to cover. Most of the content has been vetted by the corresponding stock broking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
Have you in the past or are currently trading with any of the above stock brokers? If yes, would you like to share your experience(s) with Karvy Online Vs Upstox for the benefits of other readers. Please feel free to share in the comments below.
In case you are looking to open a Demat account, get started by entering basic details below: