Karvy Online Review by A Digital Blogger

Karvy Online Review

Karvy Online is a Full-Service stockbroker from the house of a wholesome financial conglomerate Karvy Group. Incorporated back in the year 1985, Karvy Online today has a presence in around 400 cities of India with International offices in New York and Dubai. Apart from Retail broking, Karvy Online has also been a prominent face in Institutional and corporate investments.

Karvy Online, with its accreditation through BSE, NSE, MCX-SX, MCX and NCDEX, provides trading and investing facilities in the following segments:

Equities
Derivatives
Currency
IPOs
Commodity
ETFs
Mutual Funds
NCDs
Fixed Deposits

"Karvy Online has an active client base of 1,81,384 for this year 2017."

Karvy Online recently introduced a recommendation product called - Smart Trader. It helps clients by providing 8 stock recommendations before the first trading day every week. The recommendations will be based on both Technical as well as Derivative parameters around the market momentum. Clients need to consider few areas while using Smart trader:

Recommendations may be a mix of both Long & Short positions based on market conditions.
The stock must get initiated on the first two trading day of the week for Smart Trader to work for you.

Karvy Online Trading Platforms

Karvy Online offers three trading solutions to its clients through desktop, web and mobile based on client preferences. It also provides options to trade via call and SMS services. As far as the trading applications are concerned, here are the details:

Karvy Nest Trading Application

Karvy Nest is a downloadable EXE file that can be installed on a desktop or laptop. It allows trading across all major exchanges including National stock exchange (NSE). Some of the basic requirements before this file is installed on a laptop or desktop are:

Processor: 500MHz Pentium III or compatible

RAM: 256MB

Hard Disk Space: 15 MB

Operating System: Windows XP or later (no support for Macintosh)

Browser: Internet Explorer 7 and above, Chrome, Mozilla

Some of the features of this desktop-based trading application are:

Place buy or sell orders
Create Market watch groups to track scrips of your choice
Receive personalized alerts and stock notifications
View trades, positions and orders data

Karvy Online Trade Mobile App

Karvy Online Mobile app is a very convenient and easy to use the mobile app. The app is available for Android, iOS, and Windows platforms and provides vital information around real-time quotes, market trends, live updates and so on. Some of the prominent features of this mobile app are:

Trade in Equity, Derivatives and currency segments of BSE, NSE and MESI stock exchanges of the country.
Track portfolio and transfer funds from the list of banks.
Free to use even if you are not a client of Karvy Online. As a non-client, you get to access features such as market tracking and real-time news.
Inbuilt features such as 'Ask the Expert' and 'Live Chat'
Get completely authenticated and secured trading experience

At the same time, there are few concerns that have been raised around the mobile app, time and again by the clients, including:

Login issues at times (with valid credentials)
Session expiry issues
Tough to perform fundamental analysis

Karvy Online Research

The full-service stockbroker has been doing a decent job in providing pretty accurate recommendations and tips with its fundamental and technical level analysis.

Karvy Online Customer Service

Karvy provides the following communication channels to its client for customer support:

Offline branches
Email support
NRI phone support
Social Media
Online web portal

Karvy Online Pricing

Although Karvy is a full-service stockbroker, it charges its clients at around average level (its neither expensive nor cheap - value for money in a sense).

Here are the complete details: