Investing in the stock market can be a very daunting task for those who are new to the world of equity trading. Hence, they are prone to making mistakes which can cost them as they go on this journey of trading in the stock market.
One of the most common mistakes is choosing the wrong broker, which makes it very important to choose a broker only after doing thorough research. This series of blogs aims to help people in choosing the broker which best meets your requirements.
Introduction to Karvy Stock Broking Ltd (KSBL)
Karvy Stock Broking Limited (KSBL) is the stockbroking arm of the financial conglomerate, Karvy group. Karvy Online is one of India’s leading financial services company and provides stock broking services to over 2,00,000 active clients. Karvy is also renowned for its high-quality research, especially in the intraday segment.
Incorporated in the year 1985, they are one of the earliest full-service brokers in India. Karvy Online currently has a presence in about 400 cities through its various sub-brokers and branches. They offer retail broking and institutional investment services to their clients.
One of the reasons behind Karvy’s growth has been their culture of providing their clients with good customer service and keeping the growth of their clients before their own.
Here is a detailed review of the products and services in areas such as trading platform, brokerage, margin, research, and customer service.
Karvy Online is a member of BSE, NSE, NCDEX and MCX exchanges. It also provides its customers with trading and investing facilities in various segments like Equity, Derivative Trading, Commodity Trading, Currency Trading, IPOs, ETFs, Mutual Funds, etc.
Karvy Online’s Value Added Services:
Customers can now get tailor-made investment strategies based on their risk profile prepared by Karvy’s highly experienced and dedicated support team.
The recommendations being provided to customers is based on strong Technical and Fundamental research prepared by the support team.
First introduced by technical analysts in Morgan Stanley, a Pair trade is a trading strategy that involves a long position and a short position in two highly correlated stocks. This strategy is meant for the smart investor who likes to hedge their risk.
How it Works?
You can select two pairs of stocks from Karvy’s well-researched trade pairs, then you can backtest those stocks by calculating the price ratio and mean of the selected stocks. Take long and short positions (Long for underperforming stock and short for the over-performing stock.) and then book profits as prices deviate from the current trend.
Ask the expert
Karvy Online provides the facility to customers to chat with their Customer Support team, Experts from Trading, IT Support to assist you by resolving all your queries.
Trade through SMS
Customers can trade, place orders, get information on their holding through this service just by calling or asking a query via SMS.
Karvy Online offers three trading platforms to its clients through mobile, desktop and Web interfaces. Let’s us have a look at the features on offer from these trading applications:
NEST Trading Application
This application comes in a downloadable .EXE format which offers safe and secure access to online trading. Here are some of the features of the Karvy NEST WEB app:
- Track scrips of users choice by creating market watch groups.
- View market picture data for scrips.
- Place Buy/Sell orders to the exchange.
- View orders, trades and positions data.
- Set up effective risk management system.
- Use add-on tools to receive alerts, send internal messages etc.
Karvy Online WEB
It is a browser-based application which can be accessed without downloading any software to your machine. All you need to do is add the application’s web URL and then enter your login credentials and start trading. The application works in most browsers and can also be accessed through your phone’s browser. Here are some of the features of this application:
- User friendly trading platform
- Good research recommendations
- Secured and real time access to trading
- Access to Live Market News
- View the best buy and sell rates with order quantity
- View prices of all securities you are interested in.
- Get personalized stock market investment ideas
- Allows position conversion from Intraday to Delivery
- Easy access to intraday movement of scrips and index
- Displays the executed trades for all scrips
To know more about the brokerage charged by Karvy click here