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The brokerage of HDFC Sky ranges between Rs 20, the brokerage of Alice Blue ranges between Rs 15, while the brokerage of Groww ranges between Rs 20. All 3 brokers are discount brokers. Overall rating for HDFC Sky is 4, Alice Blue is rated 4, Groww is rated 4 out of 5.
Here we present side-by-side comparison of HDFC Sky vs Alice Blue vs Groww stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared HDFC Sky vs Alice Blue vs Groww on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better HDFC Sky vs Alice Blue vs Groww in this setion with 360 degree view of broker information.
 HDFC Sky |
 Alice Blue |
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| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX | NSE, BSE |
| 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...  |
Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. | 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... |
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In this section we have compared HDFC Sky vs Alice Blue vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) as AMC for Demat account, Alice Blue charges Rs 400 PA AMC for Demat account, where Groww charges Free AMC for Demat account.
| Charges | HDFC Sky | Alice Blue | Groww |
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| Trading Account Opening Fees | Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 240 PA (Free for 1st year) | Rs 400 PA | Free |
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Plans are the most important feature you look when compare HDFC Sky vs Alice Blue vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Alice Blue offers Multiple Plans where HDFC Sky and Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | HDFC Sky | Alice Blue | Groww |
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| Multiple Plans |  |
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| Zerodha | Alice Blue | Zerodha | |
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| Account Opening Request |
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.
Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.
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 | Alice Blue | Groww |
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| Plan Name | Fixed pricing model | F15 Plan | Flat Brokerage Plan |
| Equity Delivery | 0.1% or Rs 20 whichever is lower | Free | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | 0.1% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower | 0.05% or Rs 20 whichever is lower |
| Equity Futures | 0.1% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower | Flat Fee Rs 20 |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 15 | Flat Fee Rs 20 |
| Currency Futures | 0.1% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower | Not Available |
| Currency Options | Flat Fee Rs 20 | Flat Fee Rs 15 | Not Available |
| Commodity Trading | Flat Fee Rs 20 | Flat Fee Rs 15 | Not Available |
| Minimum Brokerage | NA | ||
| Hidden Charges | No | No | |
| Funding | Yes - 12% interest PA | Yes - 24% interest PA | NA |
| Call & Trade Charges | Rs 20 per call | Rs 50 per order + GST | Rs 50 Per Executable Order |
| Auto Square off Charges | 0.1% or Rs 20 whichever is lower | Rs 50 per order + GST | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculator for HDFC Sky | Brokerage Calculator for Alice Blue | Brokerage Calculator for Groww |
Compare HDFC Sky vs Alice Blue vs Groww on transaction charges and PCM fee by segment.
| Transaction Charges Compare | HDFC Sky | Alice Blue | Groww |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | 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 | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | 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 | 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 | 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 | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | NA | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for alice-blue | Complete Brokerage Plans for groww |
Compare HDFC Sky vs Alice Blue vs 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 Alice Blue and Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding - HDFC Sky and Groww offers margin funding where Alice Blue doesn't offers margin funding. NRI Trading - HDFC Sky and Alice Blue offers NRI Trading where Groww doesn't offers NRI Trading.
| Account Features Compare | HDFC Sky | Alice Blue | Groww |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15 PM | 3:10 PM |
| NRI Trading | |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky vs Alice Blue vs Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| Trading Platform Compare | HDFC Sky | Alice Blue | Groww |
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| Desktop Trading Platform | HDFC Sky | ANT - Analyse and Trade | Groww App |
| Desktop Demo | Desktop Demo | Info Not Available | Info Not Available |
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https://hdfcsky.com/ |
Yes |
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| Web Trading Demo | Web Trading Demo | Info Not Available | Info Not Available |
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| Mobile Trading App | HDFC Sky App | ANT Mobile | Groww App |
| Mobile Trading App Demo | HDFC Sky App Demo | ANT Mobile Demo | Info Not Available |
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| Android App Download | Andriod HDFC Sky App Download | Andriod ANT Mobile Download | Andriod Download |
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| iOS App Download | iOS HDFC Sky App Download | iOS ANT Mobile Download | iOS Groww App Download |
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| Trading Software Charges | Free | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for HDFC Sky | Equity Intraday and Delivery Brokerage Calculator for Alice Blue | Equity Intraday and Delivery Brokerage Calculator for Groww |
| Futures Brokerage Calculator | Futures Brokerage Calculator for HDFC Sky | Futures Brokerage Calculator for Alice Blue | Futures Brokerage Calculator for Groww |
| Options Brokerage Calculator | Options Brokerage Calculator for HDFC Sky | Options Brokerage Calculator for Alice Blue | Options Brokerage Calculator for Groww |
| Detail | Detail on Trading Platforms for hdfc-sky | Detail on Trading Platforms for alice-blue | Detail on Trading Platforms for groww |
| HDFC Sky | Alice Blue | Groww | ||
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97 Customer Reviews
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8 Customer Reviews
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8 Customer Reviews
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| Trading Platform Usability | ||||
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| Overall Ratings | ||||
| Broker Rating | HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews | Alice Blue is Rated 2.1 / 5 based on 8 customer reviews | Groww is Rated 4.3 / 5 based on 8 customer reviews |
Compare HDFC Sky vs Alice Blue vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - HDFC Sky and Alice Blue offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.
| Investment Offerings Compare | HDFC Sky | Alice Blue | Groww |
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| Other Investment Options | NIL | NIL |
Order Type - Compare HDFC Sky vs Alice Blue vs Groww on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - HDFC Sky and Alice Blue provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - HDFC Sky and Alice Blue provides Bracket Orders (BO) facility where Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Alice Blue AMO facility where HDFC Sky and Groww doesn't provides AMO. GTC Orders - HDFC Sky offers Good Till Cancelled (GTC) orders facility where Alice Blue and Groww doesn't provides GTC.
| Order Type Compare | HDFC Sky | Alice Blue | Groww |
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Compare HDFC Sky vs Alice Blue vs Groww on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | HDFC Sky | Alice Blue | Groww |
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| Customer Care Number | 1800 121 2109 | 08035215000/080-45490850 | 9108800604 |
| Account Opening Process | Online | Online/Paperless | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://hdfcsky.com/learn | https://tradeschool.aliceblueonline.com/ | https://groww.in/academy |
| Head Office Address | LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042 |
Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 |
| Website | https://hdfcsky.com/ | https://www.aliceblueonline.com | https://groww.in/ |
Compare HDFC Sky vs Alice Blue vs Groww on research reports and tips provided by broker.
| HDFC Sky | Alice Blue | Groww | |
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| Research Mutual Funds | |
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| Research ETF | |
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Compare HDFC Sky vs Alice Blue vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details
| HDFC Sky | Alice Blue | Groww | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | CDSL: 1209 | 83500 | No |
| Demat Account Annual Maintenance Charges(AMC) | ₹750 pa | ₹400 pa | Zero |
| Advance Deposit | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- | Rs 0 | Nil |
| Statutory charges | Nil | Rs 150 Stamp Charges | Legal Charges |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹20) + CDSL charges | 0.04% of the value of the transaction | ₹8 + ₹5.50 CDSL charges |
| Demat | ₹5 per certificate + ₹35 request charges | ₹10 per certificate + ₹50 courier charges | ₹150 per certificate + courier charges |
| Remat | ₹30 | ₹30 per certificate + CDSL charges | ₹150 per certificate + courier charges |
| Pledge Creation | Nil | ₹20 + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Creation Confirmation | 0.04% of transaction value (Min ₹40) | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure | Nil | ₹20 + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure Confirmation | 0.04% of transaction value (Min ₹40) | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Invocation | 0.04% of transaction value (Min ₹40) | ₹20 + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Failed Instruction Charges | Nil | Nil | ₹50 |
| Other Charges | Nil | Nil | Nil |
Compare HDFC Sky vs Alice Blue vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| HDFC Sky | Alice Blue | Groww | |
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| 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, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application. 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 | Instant to HDFC Bank. | Upto 24 Hrs except Bank Holidays. | Max 24 hrs except bank holidays |
| Bank Supported and Charges | Info Not Available | Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. |
| Bank Detail | Direct from your HDFC bank account. | Aliceblue Financial Services, Account Number:ABFNSEXXXXXXXX Bank and Branch: HDFC Bank,Sathy Road,Erode Account Type: Current Account IFSC Code: HDFC0000232 |
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Want to know why to trade with HDFC Sky, here are the promising reasons;
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| Enquire for HDFC Sky | Enquire for Alice Blue | Enquire for Groww |
Last Updated on 2023-11-09T03:39:28+00:00
