Zerodha Franchise vs Karvy Franchise – Compare Business Models, Revenue Sharing and more

Find 1st of its kind Comparison of Zerodha Franchise vs Karvy Franchise. In this comparison, you will find a detailed view of all the features of respecting sub broker or franchise brands.

Zerodha & Karvy are both Broking houses & provides sub brokership to their partners. Both of them have varied Business Models which we will discuss here.Zerodha Franchise vs Karvy Franchise - Comparison-min

Compare Sub Broker Franchise


In this comparison, we will dig deep into all the aspects of both broking franchise brands. The major aspects that we will discuss are:

  • Overview
  • Customer Ratings
  • Business Models
  • Security Deposit or Initial Investment
  • Revenue Sharing or Commission
  • Infrastructure Requirement
  • Offers
  • Support
  • Brokerage Charges to Clients
  • Other Charges & Margin to Clients

With this detailed comparison we will have clear understanding of which Sub Brokership is better: Zerodha Sub Broker Program or Karvy Sub Broker Program.

Start this amazing comparison between  Zerodha Sub Broker Karvy Sub Broker:

Zerodha Franchise vs Karvy Franchise – An Overview

OverviewZerodha FranchiseKarvy Franchise
Company TypePrivatePublic
Broker typeDiscount BrokerFull Service Broker
HeadquartersBangalore, IndiaHyderabad, India
FounderNithin KamathC Parthasarathy
Established Year20101983
SB Code Activation Time3 Days20 Days
Payout Time45 Days33 Days

Customer Ratings of Zerodha Sub Broker & Karvy Sub Broker

Customer RatingsZerodha FranchiseKarvy Franchise
Experience2.50 / 52.10 / 5
Services2.60 / 52.90 / 5
Products4.00 / 52.80 / 5
Trading Platforms4.10 / 53.20 / 5
Support2.50 / 52.70 / 5
Revenue Sharing Model2.00 / 53.00 / 5
Security Deposit4.50 / 52.90 / 5
Offers4.00 / 52.80 / 5
Market Share2.00 / 53.00 / 5
Overll Ratings3.13 / 52.80 / 5
Star Ratings★★★☆☆★★★☆☆

Compare Business Models of Zerodha Franchise & Karvy Franchise

Business ModelsZerodha FranchiseKarvy Franchise
Master FranchiseSR
Sub BrokerSR
Referral ProgramRS

Zerodha Franchise vs Karvy Franchise Security Deposit Comparison

Security DepositZerodha FranchiseKarvy Franchise
Master FranchiseNARs.50000
Sub BrokerNARs.50000
Remisier11000Rs.10000 – Rs.15000
Referral Program1500NA

Karvy Franchise vs Zerodha Franchise Revenue Sharing Comparison

Revenue SharingZerodha FranchiseKarvy Franchise
Master FranchiseNA5%-10% of Franchise
Sub BrokerNA60% – 70%
Remisier10% – 30%0.4
Referral Program0.1NA

Karvy Sub Broker vs Zerodha Sub Broker Infra Requirement

Infrastructure RequirementZerodha FranchiseKarvy Franchise
Office AreaNot RequiredMinimum 300 Sq Ft
Employee StrengthNot RequiredMinimum 2
Research ServicesSS
Internet ConnectionSR
Trading TerminalsRR
Telephone LinesSR

Compare Zerodha Partner & Karvy Partner Offers

OffersZerodha FranchiseKarvy Franchise
Zero DepositSS
10k Initial DepositRS
Flexible Revenue SharingRR
Flat Revenue SharingSR
Zero Revenue Sharing with PrepaidSS

Karvy Authorised Person vs Zerodha Authorised Person Support

SupportZerodha FranchiseKarvy Franchise
Marketing SupportSR
Back-Office SupportRR
Trading SupportSR
Advisory SupportSR
Dealing TrainingSS
Acquisition TrainingSS
Product TrainingRR

Compare Brokerage Charges of Zerodha Franchise & Karvy Franchise

Brokerage Charges to ClientsZerodha FranchiseKarvy Franchise
Equity DeliveryZero0.10% – 0.30%
Equity IntradayRs.20 per Trade0.01% – 0.03%
Equity FuturesRs.20 per Trade0.01% – 0.03%
Equity OptionsRs.20 per LotRs.10 – Rs.30 per Lot
Currency FuturesRs.20 per Trade0.01% – 0.03%
Currency OptionsRs.20 per LotRs.10 – Rs.30 per Lot
CommodityRs.20 per Trade0.01% – 0.03%

Zerodha Partners & Karvy Partners Charges Comparison

Charges to ClientsZerodha FranchiseKarvy Franchise
Demat AMCRs.300 per AnnumRs.500 per Annum
Trading AMCZeroZero
Account Opening ChargesRs.300Zero
Transaction Charges0.00325%0.0000325
Margin MoneyZeroStarts with Zero

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