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Sharekhan Vs HDFC Sky: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Sharekhan Max 0.1 to 0.5% per trade while the brokerage of HDFC Sky ranges between Rs 20. Sharekhan is a Full Service Broker where HDFC Sky is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for HDFC Sky is 10,62,264 where number of active customer for Sharekhan is 6,50,277. HDFC Sky is serving more customer compare to Sharekhan.

Here we present side-by-side comparison of Sharekhan vs HDFC Sky share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Sharekhan vs HDFC Sky'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 Sharekhan vs HDFC Sky share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Sharekhan vs HDFC Sky'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 Sharekhan vs HDFC Sky on Service

  Sharekhan Compare
Sharekhan
HDFC Sky Compare
HDFC Sky
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Active Clients 6,50,277 10,62,264
Broker Overview Sharekhan is part of the top 10 brokers in India serving 7.5 lakh+ active customers. Powerful Trade Tiger desktop trading terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated ... Know more about Sharekhan 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
Broker Enquiry Request call back from Sharekhan Request call back from Zerodha
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Account Opening Charges and AMC

Compare Sharekhan vs HDFC Sky on Trading & Demat Account Opening Charges

Comparison of Sharekhan with HDFC Sky on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Sharekhan charges Rs 400 PA (Free for 1st year)) 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 Sharekhan with HDFC Sky
Charges Sharekhan HDFC Sky
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Rs 240 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs HDFC Sky on Plan Options

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

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

Account Opening

  Sharekhan Zerodha
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs HDFC Sky on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

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.

Brokerage Charges - Compare Sharekhan with HDFC Sky
Brokerage Charges Compare Sharekhan HDFC Sky
Plan Name Sharkehan Brokerage Plan Fixed pricing model
Equity Delivery 0.30% 0.1% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.1% or Rs 20 whichever is lower
Equity Futures 0.02% 0.1% or Rs 20 whichever is lower
Equity Options Rs 20 per lot Flat Fee Rs 20
Currency Futures 0.02% 0.1% or Rs 20 whichever is lower
Currency Options Rs 5 per lot Flat Fee Rs 20
Commodity Trading Rs 20 per lot Flat Fee Rs 20
Minimum Brokerage Rs 20 NIL
Hidden Charges No No
Funding Yes - 18% interest PA Yes - 12% interest PA
Call & Trade Charges Free Rs 20 per call
Auto Square off Charges Free 0.1% or Rs 20 whichever is lower
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for HDFC Sky
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Share Broker's Transaction Charges

Compare Sharekhan vs HDFC Sky on Transaction Charges

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

Transaction Charges - Compare Sharekhan with HDFC Sky
Transaction Charges Compare Sharekhan HDFC Sky
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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for hdfc-sky
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Account Features

Compare Sharekhan vs HDFC Sky on Account Features

Compare Sharekhan with HDFC Sky 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 Sharekhan 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 - Sharekhan with HDFC Sky
Account Features Compare Sharekhan HDFC Sky
3 in 1 Account No Sharekhan have 2-in-1 account. Only Demate and Trading account. Yes, Sharekhan have 3-in-1 accounts. Bank Account, Demat 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 Sharekhan vs HDFC Sky on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and HDFC Sky. 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 Sharekhan with HDFC Sky
Trading Platform Compare Sharekhan HDFC Sky
Desktop Trading Platform TradeTiger HDFC Sky
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.sharekhan.com/ https://hdfcsky.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sharekhan HDFC Sky App
Mobile Trading App Demo Sharekhan Demo HDFC Sky App Demo
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod HDFC Sky App Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Sharekhan Download iOS HDFC Sky 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 Sharekhan Equity Intraday and Delivery Brokerage Calculator for HDFC Sky
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for HDFC Sky
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for HDFC Sky
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for hdfc-sky

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Broker Ratings by Users

Compare Sharekhan vs HDFC Sky on User Rating

  Sharekhan HDFC Sky
  184 Customer Reviews    Rate Sharekhan 97 Customer Reviews    Rate HDFC Sky
Fees Ratings 3.2 2.4
Trading Brokerage Rating 3.1 2.1
Trading Platform Usability 3.9 2.9
Customer Service Ratings 3.5 2.8
Overall Ratings 3.6 2.4
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews
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Investment Offerings

Compare Sharekhan vs HDFC Sky on Investment Offerings

Compare Sharekhan with HDFC Sky 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) - Sharekhan provide PMS Service where HDFC Sky doesn't offer

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

Compare Sharekhan vs HDFC Sky on Order Types

Order Type - Compare Sharekhan with HDFC Sky 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) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear 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 a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Sharekhan 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 Sharekhan with HDFC Sky
Order Type Compare Sharekhan HDFC Sky
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Sharekhan vs HDFC Sky on Customer Service

Compare Sharekhan with HDFC Sky 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 Sharekhan with HDFC Sky
Customer Service Compare Sharekhan HDFC Sky
24/7 Customer Service Sharekhan vs HDFC Sky - 24x7 customer support No No
Email Support Sharekhan vs HDFC Sky - Email Support Yes Yes
Onine Live Chat Sharekhan vs HDFC Sky - Onine Live Chat Yes No
Phone Support Sharekhan vs HDFC Sky - Phone Support Yes Yes
Toll Free Number Sharekhan vs HDFC Sky - Toll Free Number Yes No
Through Branches Sharekhan vs HDFC Sky - Through Branches Yes Yes
Customer Care Number Sharekhan vs HDFC Sky - Customer Care Number 1800227500 1800 121 2109
Account Opening Process Sharekhan vs HDFC Sky - Account Opening Process Offline Online
Customer Support Email Sharekhan vs HDFC Sky - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Sharekhan vs HDFC Sky - Knowledge Center/Education https://www.sharekhan.com/help/hello https://hdfcsky.com/learn
Head Office Address Sharekhan vs HDFC Sky - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Website Sharekhan vs HDFC Sky - Company Website https://www.sharekhan.com https://hdfcsky.com/
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Tips/Research/Reports Published

Compare Sharekhan vs HDFC Sky on Research Reports, Tips

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

Research Reports - Compare Sharekhan with HDFC Sky
  Sharekhan HDFC Sky
Research Mutual Funds Sharekhan vs HDFC Sky - Research Mutual Funds Yes Yes
Research Equity Reports Sharekhan vs HDFC Sky - Research Equity Reports Yes Yes
Research ETF Sharekhan vs HDFC Sky - Research ETF Yes Yes
Daily Market Report Sharekhan vs HDFC Sky - Daily Market Report Yes Yes
Free Tips Sharekhan vs HDFC Sky - Free Tips Yes Yes
Quarterly Result Analysis Sharekhan vs HDFC Sky - Quarterly Results Yes Yes
News Alerts Sharekhan vs HDFC Sky - Yes Yes
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Demat Account

Compare Sharekhan vs HDFC Sky on Demat Account

Compare Sharekhan with HDFC Sky 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 HDFC Sky is ₹750 pa where for Sharekhan is ₹500 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 Sharekhan is 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) where for HDFC Sky is 0.04% (Min ₹20) + 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 Sharekhan with HDFC Sky
  Sharekhan HDFC Sky
DP Source CDSL CDSL
DP ID Sharekhan vs HDFC Sky - DP ID 36000 CDSL: 1209
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹750 pa
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.04% (Min ₹20) + CDSL charges
Demat ₹5 per certificate (Min 50 per request) ₹5 per certificate + ₹35 request charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹30
Pledge Creation 0.03% (Min ₹100) Nil
Pledge Creation Confirmation Nil 0.04% of transaction value (Min ₹40)
Pledge Closure Nil Nil
Pledge Closure Confirmation Nil 0.04% of transaction value (Min ₹40)
Pledge Invocation Nil 0.04% of transaction value (Min ₹40)
Failed Instruction Charges Nil Nil
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs HDFC Sky on Special Offers and Promotion

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

Compare Sharekhan vs HDFC Sky on Special Offers and Promotion
  Sharekhan HDFC Sky
Pay In and Pay Out Options Sharekhan vs HDFC Sky - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Sharekhan vs HDFC Sky - Payout Time Max 24 hrs except bank holidays Instant to HDFC Bank.
Bank Supported and Charges Sharekhan vs HDFC Sky - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Direct from your HDFC bank account.
Likes
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

Detail Review...

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...

Dislikes
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Direct mutual fund schemes are unavailable on the InstaMF platform.
  • Its fee structure is not transparent.

Detail Review...

  • 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...

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

Last Updated on 2024-02-20T23:40:38+00:00