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HDFC Sky Vs Bonanza Portfolio: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of Bonanza Portfolio ranges between Rs 18 flat brokerage. HDFC Sky is a Discount Broker where Bonanza Portfolio is a Full Service Broker. HDFC Sky is having overall higher rating compare to Bonanza Portfolio. HDFC Sky is rated 4 out of 5 where Bonanza Portfolio is rated only 3.5 out of 5. Number of active customer for HDFC Sky is 10,62,264 where number of active customer for Bonanza Portfolio is 51,989. HDFC Sky is serving more customer compare to Bonanza Portfolio.

Here we present side-by-side comparison of HDFC Sky vs Bonanza Portfolio share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared HDFC Sky vs Bonanza Portfolio's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of HDFC Sky vs Bonanza Portfolio share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared HDFC Sky vs Bonanza Portfolio's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare HDFC Sky vs Bonanza Portfolio on Service

  HDFC Sky Compare
HDFC Sky
Bonanza Portfolio Compare
Bonanza Portfolio
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 10,62,264 51,989
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky Open an account with Bonanza Portfolio full-service broking house to trade and invest across multiple asset classes at flat discount brokerage rates at Rs 18/order on the advanced trading platforms, and get trading tips, research, and PMS services.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare HDFC Sky vs Bonanza Portfolio on Trading & Demat Account Opening Charges

Comparison of HDFC Sky with Bonanza Portfolio on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky offer Free account opening where Bonanza Portfolio charges Rs 999 for account opening. Demat AMC charges - Bonanza Portfolio offer Free AMC for Demat account where HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with Bonanza Portfolio
Charges HDFC Sky Bonanza Portfolio
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Free
Provide DP Service Yes No
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About Brokerage Plans

Compare HDFC Sky vs Bonanza Portfolio on Plan Options

Plans are the most important feature you look when compare HDFC Sky with Bonanza Portfolio. This section compare on high level about type of plans offered by brokers. Multiple Plans - Bonanza Portfolio provides Multiple Plans where HDFC Sky doesn't offer. Monthly Plans - Bonanza Portfolio provides Monthly Plans where HDFC Sky doesn't offer

Compare HDFC Sky with Bonanza Portfolio on Plan Options
Plan Types HDFC Sky Bonanza Portfolio
Multiple Plans No Yes
Monthly Plans No Yes
Yearly Plans No Yes
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs Bonanza Portfolio on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

Bonanza Portfolio Brokerage Plan detail - This is a flat brokerage plan of Rs 18 to be charged irrespective of the trade vale and/or Lot size

Brokerage Charges - Compare HDFC Sky with Bonanza Portfolio
Brokerage Charges Compare HDFC Sky Bonanza Portfolio
Plan Name Fixed pricing model My E Trade - Flat Rs 18 Brokerage Trading Plan
Equity Delivery 0.1% or Rs 20 whichever is lower Flat Fee Rs 18
Equity Intraday 0.1% or Rs 20 whichever is lower Flat Fee Rs 18
Equity Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 18
Equity Options Flat Fee Rs 20 Flat Fee Rs 18
Currency Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 18
Currency Options Flat Fee Rs 20 Flat Fee Rs 18
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 18
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Yes - 12% interest PA Info Not Available
Call & Trade Charges Rs 20 per call NA
Auto Square off Charges 0.1% or Rs 20 whichever is lower NA
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Bonanza Portfolio
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Share Broker's Transaction Charges

Compare HDFC Sky vs Bonanza Portfolio on Transaction Charges

Compare HDFC Sky with Bonanza Portfolio on transaction charges and PCM fee by segment.

Transaction Charges - Compare HDFC Sky with Bonanza Portfolio
Transaction Charges Compare HDFC Sky Bonanza Portfolio
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for bonanza-portfolio
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Account Features

Compare HDFC Sky vs Bonanza Portfolio on Account Features

Compare HDFC Sky with Bonanza Portfolio on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky offers 3-in-1 account where Bonanza Portfolio offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - HDFC Sky with Bonanza Portfolio
Account Features Compare HDFC Sky Bonanza Portfolio
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. No HDFC Sky have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare HDFC Sky vs Bonanza Portfolio on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and Bonanza Portfolio. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare HDFC Sky with Bonanza Portfolio
Trading Platform Compare HDFC Sky Bonanza Portfolio
Desktop Trading Platform HDFC Sky E-Trade(NestTrader)
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ Aero Web Trading Platform
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App Bonanza WAVE MyEtrade
Mobile Trading App Demo HDFC Sky App Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Bonanza WAVE MyEtrade Download
iPhone Mobile App (IOS) No No
iOS App Download iOS HDFC Sky App Download iOS Bonanza WAVE MyEtrade Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Bonanza Portfolio
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Bonanza Portfolio
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Bonanza Portfolio
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for bonanza-portfolio

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Broker Ratings by Users

Compare HDFC Sky vs Bonanza Portfolio on User Rating

  HDFC Sky Bonanza Portfolio
  97 Customer Reviews    Rate HDFC Sky 3 Customer Reviews    Rate Bonanza Portfolio
Fees Ratings 2.4 4.7
Trading Brokerage Rating 2.1 4.7
Trading Platform Usability 2.9 5.0
Customer Service Ratings 2.8 4.3
Overall Ratings 2.4 4.7
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Bonanza Portfolio is Rated 4.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare HDFC Sky vs Bonanza Portfolio on Investment Offerings

Compare HDFC Sky with Bonanza Portfolio on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare HDFC Sky with Bonanza Portfolio
Investment Offerings Compare HDFC Sky Bonanza Portfolio
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs Bonanza Portfolio on Order Types

Order Type - Compare HDFC Sky with Bonanza Portfolio on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - HDFC Sky provide Cover Orders (CO) where Bonanza Portfolio doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - HDFC Sky provide Bracket Orders (BO) where Bonanza Portfolio doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Bonanza Portfolio offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare HDFC Sky with Bonanza Portfolio
Order Type Compare HDFC Sky Bonanza Portfolio
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders No Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare HDFC Sky vs Bonanza Portfolio on Customer Service

Compare HDFC Sky with Bonanza Portfolio on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare HDFC Sky with Bonanza Portfolio
Customer Service Compare HDFC Sky Bonanza Portfolio
24/7 Customer Service HDFC Sky vs Bonanza Portfolio - 24x7 customer support No No
Email Support HDFC Sky vs Bonanza Portfolio - Email Support Yes Yes
Onine Live Chat HDFC Sky vs Bonanza Portfolio - Onine Live Chat No Yes
Phone Support HDFC Sky vs Bonanza Portfolio - Phone Support Yes Yes
Toll Free Number HDFC Sky vs Bonanza Portfolio - Toll Free Number No No
Through Branches HDFC Sky vs Bonanza Portfolio - Through Branches Yes Yes
Customer Care Number HDFC Sky vs Bonanza Portfolio - Customer Care Number 1800 121 2109 022-68363775 | 022-68363739 | 022-68363708
Account Opening Process HDFC Sky vs Bonanza Portfolio - Account Opening Process Online Info Not Available
Customer Support Email HDFC Sky vs Bonanza Portfolio - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Bonanza Portfolio - Knowledge Center/Education https://hdfcsky.com/learn https://www.bonanzaonline.com/blog/
Head Office Address HDFC Sky vs Bonanza Portfolio - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Info Not Available
Website HDFC Sky vs Bonanza Portfolio - Company Website https://hdfcsky.com/ https://www.bonanzaonline.com/
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Tips/Research/Reports Published

Compare HDFC Sky vs Bonanza Portfolio on Research Reports, Tips

Compare HDFC Sky with Bonanza Portfolio on research reports and tips provided by the broker.

Research Reports - Compare HDFC Sky with Bonanza Portfolio
  HDFC Sky Bonanza Portfolio
Research Mutual Funds HDFC Sky vs Bonanza Portfolio - Research Mutual Funds Yes No
Research Equity Reports HDFC Sky vs Bonanza Portfolio - Research Equity Reports Yes No
Research ETF HDFC Sky vs Bonanza Portfolio - Research ETF Yes No
Daily Market Report HDFC Sky vs Bonanza Portfolio - Daily Market Report Yes Yes
Free Tips HDFC Sky vs Bonanza Portfolio - Free Tips Yes Yes
Quarterly Result Analysis HDFC Sky vs Bonanza Portfolio - Quarterly Results Yes Yes
News Alerts HDFC Sky vs Bonanza Portfolio - Yes Yes
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Demat Account

Compare HDFC Sky vs Bonanza Portfolio on Demat Account

Compare HDFC Sky with Bonanza Portfolio on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Bonanza Portfolio is ₹250 pa where for HDFC Sky is ₹750 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for HDFC Sky is 0.04% (Min ₹20) + CDSL charges where for Bonanza Portfolio is ₹12 per transaction.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare HDFC Sky with Bonanza Portfolio
  HDFC Sky Bonanza Portfolio
DP Source CDSL CDSL
DP ID HDFC Sky vs Bonanza Portfolio - DP ID CDSL: 1209 No
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹250 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹12 per transaction
Demat ₹5 per certificate + ₹35 request charges ₹3 per certificate + ₹50 courier charges
Remat ₹30 ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹50 courier charges
Pledge Creation Nil 0.01% of transaction value (Min ₹100)
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Closure Nil Nil
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Invocation 0.04% of transaction value (Min ₹40) Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Bonanza Portfolio on Special Offers and Promotion

Compare HDFC Sky with Bonanza Portfolio on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare HDFC Sky vs Bonanza Portfolio on Special Offers and Promotion
  HDFC Sky Bonanza Portfolio
Pay In and Pay Out Options HDFC Sky vs Bonanza Portfolio - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Info Not Available
Payout Time HDFC Sky vs Bonanza Portfolio - Payout Time Instant to HDFC Bank. Info Not Available
Bank Supported and Charges HDFC Sky vs Bonanza Portfolio - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your HDFC bank account. Info Not Available
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

Detail Review...

  • A complete spectrum of trading and investing products.
  • MyEtrade trading platform.
  • Competitive brokerage at Rs 18 per executed order.
  • Advanced intraday & historical charts.
  • Select Advantage, a bucket of quality stocks curated by the Bonanza research team.
  • Trading tips, positional calls, investment ideas, and mutual fund research.
  • Facilitates NRI trading.
  • Place after-market order (AMO).
  • Dedicated RMs and helpdesk.

Detail Review...

Dislikes
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

Detail Review...

  • Does not provide bracket order (BO) and cover order (CO) facility.
  • No 3-in-1 account opening facility.
  • No GTT order.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-11-09T03:39:28+00:00