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HDFC Sky Vs Groww: Which one is better?

Both the brokers are registered with SEBI. HDFC Sky offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Groww is 84,20,803 where number of active customer for HDFC Sky is 10,62,264. Groww is serving more customer compare to HDFC Sky.

Here we present side-by-side comparison of HDFC Sky vs Groww 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 Groww'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 Groww 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 Groww'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 Groww on Service

  HDFC Sky Compare
HDFC Sky
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 10,62,264 84,20,803
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 Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww
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 Groww on Trading & Demat Account Opening Charges

Comparison of HDFC Sky with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww 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 Groww
Charges HDFC Sky Groww
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Groww on Plan Options

Plans are the most important feature you look when compare HDFC Sky with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs Groww 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.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare HDFC Sky with Groww
Brokerage Charges Compare HDFC Sky Groww
Plan Name Fixed pricing model Flat Brokerage Plan
Equity Delivery 0.1% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Intraday 0.1% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.1% or Rs 20 whichever is lower Flat Fee Rs 20
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.1% or Rs 20 whichever is lower Not Available
Currency Options Flat Fee Rs 20 Not Available
Commodity Trading Flat Fee Rs 20 Not Available
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 Rs 50 Per Executable Order
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare HDFC Sky vs Groww on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with Groww
Transaction Charges Compare HDFC Sky Groww
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 NA
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for groww
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Account Features

Compare HDFC Sky vs Groww on Account Features

Compare HDFC Sky with Groww 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 Groww 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 - HDFC Sky offers NRI where Groww doesn't offers NRI Trading.

Account Features - HDFC Sky with Groww
Account Features Compare HDFC Sky Groww
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 No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare HDFC Sky vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and Groww. 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 Groww
Trading Platform Compare HDFC Sky Groww
Desktop Trading Platform HDFC Sky Groww App
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) No No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App Groww App
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 Groww App Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App Download iOS Groww App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare HDFC Sky vs Groww on User Rating

  HDFC Sky Groww
  97 Customer Reviews    Rate HDFC Sky 7 Customer Reviews    Rate Groww
Fees Ratings 2.4 4.4
Trading Brokerage Rating 2.1 3.7
Trading Platform Usability 2.9 4.1
Customer Service Ratings 2.8 3.3
Overall Ratings 2.4 4.1
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews
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Investment Offerings

Compare HDFC Sky vs Groww on Investment Offerings

Compare HDFC Sky with Groww 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 - HDFC Sky offers trading options in Commodity (MCX) where Groww doesn't offer. 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 Groww
Investment Offerings Compare HDFC Sky Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs Groww on Order Types

Order Type - Compare HDFC Sky with Groww 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 Groww 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 Groww 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)- both doesn't offers AMO orders. GTC Orders- HDFC Sky offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare HDFC Sky with Groww
Order Type Compare HDFC Sky Groww
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 No
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare HDFC Sky vs Groww on Customer Service

Compare HDFC Sky with Groww 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 Groww
Customer Service Compare HDFC Sky Groww
24/7 Customer Service HDFC Sky vs Groww - 24x7 customer support No No
Email Support HDFC Sky vs Groww - Email Support Yes Yes
Onine Live Chat HDFC Sky vs Groww - Onine Live Chat No Yes
Phone Support HDFC Sky vs Groww - Phone Support Yes Yes
Toll Free Number HDFC Sky vs Groww - Toll Free Number No No
Through Branches HDFC Sky vs Groww - Through Branches Yes No
Customer Care Number HDFC Sky vs Groww - Customer Care Number 1800 121 2109 9108800604
Account Opening Process HDFC Sky vs Groww - Account Opening Process Online Online
Customer Support Email HDFC Sky vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Groww - Knowledge Center/Education https://hdfcsky.com/learn https://groww.in/academy
Head Office Address HDFC Sky vs Groww - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website HDFC Sky vs Groww - Company Website https://hdfcsky.com/ https://groww.in/
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Tips/Research/Reports Published

Compare HDFC Sky vs Groww on Research Reports, Tips

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

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

Compare HDFC Sky vs Groww on Demat Account

Compare HDFC Sky with Groww 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 Groww is Zero 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 Groww is ₹8 + ₹5.50 CDSL charges.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 Groww
  HDFC Sky Groww
DP Source CDSL CDSL
DP ID HDFC Sky vs Groww - DP ID CDSL: 1209 No
Demat Account Annual Maintenance Charges(AMC) ₹750 pa Zero
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹35 request charges ₹150 per certificate + courier charges
Remat ₹30 ₹150 per certificate + courier charges
Pledge Creation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.04% of transaction value (Min ₹40) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Groww on Special Offers and Promotion

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

Compare HDFC Sky vs Groww on Special Offers and Promotion
  HDFC Sky Groww
Pay In and Pay Out Options HDFC Sky vs Groww - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time HDFC Sky vs Groww - Payout Time Instant to HDFC Bank. Max 24 hrs except bank holidays
Bank Supported and Charges HDFC Sky vs Groww - Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
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...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

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 offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

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

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