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HDFC Sky Vs Upstox Vs Groww: Which one is better?

The brokerage of HDFC Sky ranges between Rs 20, the brokerage of Upstox ranges between Rs 20, while the brokerage of Groww ranges between Rs 20. All 3 brokers are discount brokers. Overall rating for HDFC Sky is 4, Upstox is rated 4.5, Groww is rated 4 out of 5.

Here we present side-by-side comparison of HDFC Sky vs Upstox 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 Upstox 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 Upstox vs Groww in this setion with 360 degree view of broker information.

Compare HDFC Sky vs Upstox vs Groww on Service

  HDFC Sky Compare
HDFC Sky
Upstox Compare
Upstox
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Discount Broker
Exchanges Supported NSE, BSE, MCX NSE, BSE, MCX 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... Know more about HDFC Sky Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. 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 Upstox Request call back from Zerodha
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Account Opening Charges and AMC

Compare HDFC Sky vs Upstox vs Groww on Trading & Demat Account Opening Charges

In this section we have compared HDFC Sky vs Upstox vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky and Groww offer Free account opening where Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) as AMC for Demat account, Upstox charges Free AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky vs Upstox vs Groww
Charges HDFC Sky Upstox Groww
Trading Account Opening Fees Free Promotion offer: Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 240 PA (Free for 1st year) Free Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Upstox vs Groww on Plan Options

Plans are the most important feature you look when compare HDFC Sky vs Upstox vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - All 3 brokers don't have Multiple Plans, brokers offer only single plan. Monthlay Plans - All 3 brokers don't have Monthy Plans.

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

Account Opening

  Zerodha Upstox Zerodha
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs Upstox vs Growwon 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.

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

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 vs Upstox vs Groww
Brokerage Charges Compare HDFC Sky Upstox Groww
Plan Name Fixed pricing model Max Rs 20 Per Order Trading Plan Flat Brokerage Plan
Equity Delivery 0.1% or Rs 20 whichever is lower 2.5% 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 0.05% or Rs 20 whichever is lower
Equity Futures 0.1% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower Flat Fee Rs 20
Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.1% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower Not Available
Currency Options Flat Fee Rs 20 Flat Fee Rs 20 Not Available
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 20 Not Available
Minimum Brokerage
Hidden Charges No Info Not Available
Funding Yes - 12% interest PA Info Not Available NA
Call & Trade Charges Rs 20 per call Rs 50 + 18% GST Rs 50 Per Executable Order
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 50 + 18% GST Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Upstox Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare HDFC Sky vs Upstox vs Groww on Transaction Charges

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

Transaction Charges - Compare HDFC Sky vs Upstox vs Groww
Transaction Charges Compare HDFC Sky Upstox Groww
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 upstox Complete Brokerage Plans for groww
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Account Features

Compare HDFC Sky vs Upstox vs Groww on Account Features

Compare HDFC Sky vs Upstox vs Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky and Upstox offers 3-in-1 Account where Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - HDFC Sky offers NRI Trading where Upstox and Groww doesn't offers NRI Trading.

Account Features - HDFC Sky vs Upstox vs Groww
Account Features Compare HDFC Sky Upstox Groww
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. No Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes No
SMS Alerts Yes Yes No
Online Demo Yes Yes No
Online Portfolio Yes Yes Yes
Margin Trading Funding Available Yes Yes Yes
Combined Ledger for Equity and Commodity Yes Yes No
Intraday Square-off Time 3:15PM 3:15PM 3:10 PM
NRI Trading Yes No No
Other Features NIL NIL NIL
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Trading Platform

Compare HDFC Sky vs Upstox vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky vs Upstox 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 vs Upstox vs Groww
Trading Platform Compare HDFC Sky Upstox Groww
Desktop Trading Platform HDFC Sky Upstox Pro Groww App
Desktop Demo Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No No No
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://hdfcsky.com/

https://pro.upstox.com/

Yes

Web Trading Demo Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App HDFC Sky App Upstox Groww App
Mobile Trading App Demo HDFC Sky App Demo Upstox Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Upstox Download Andriod Download
iPhone Mobile App (IOS) No Yes Yes
iOS App Download iOS HDFC Sky App Download iOS Upstox Download iOS Groww App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
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 Upstox Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Upstox Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for upstox Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare HDFC Sky vs Upstox vs Groww on User Rating

  HDFC Sky Upstox Groww
  97 Customer Reviews    Rate HDFC Sky 12 Customer Reviews    Rate Upstox 8 Customer Reviews    Rate Groww
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare HDFC Sky vs Upstox vs Groww on Investment Offerings

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

Compare HDFC Sky vs Upstox vs Groww on Order Types

Order Type - Compare HDFC Sky vs Upstox 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 Upstox provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - HDFC Sky and Upstox provides Bracket Orders (BO) facility where Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Upstox AMO facility where HDFC Sky and Groww doesn't provides AMO. GTC Orders - HDFC Sky and Upstox offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.

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

Compare HDFC Sky vs Upstox vs Groww on Customer Service

Compare HDFC Sky vs Upstox 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 Support - Compare HDFC Sky vs Upstox vs Groww
Customer Service Compare HDFC Sky Upstox Groww
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No Yes Yes
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches Yes Yes No
Customer Care Number 1800 121 2109 +91 22 6130 9999 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://upstox.com/help-center/ https://groww.in/academy
Head Office Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://hdfcsky.com/ https://upstox.com/ https://groww.in/
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Tips/Research/Reports Published

Compare HDFC Sky vs Upstox vs Groww on Research Reports, Tips

Compare HDFC Sky vs Upstox vs Groww on research reports and tips provided by broker.

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

Compare HDFC Sky vs Upstox vs Groww on Demat Account

Compare HDFC Sky vs Upstox vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare HDFC Sky vs Upstox vs Groww
  HDFC Sky Upstox Groww
DP Source CDSL CDSL CDSL
DP ID CDSL: 1209 81800 No
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹300 PA Zero
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- NIL Nil
Statutory charges Nil Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹13 + ₹5.50 CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹35 request charges ₹20 + ₹50 courier charges ₹150 per certificate + courier charges
Remat ₹30 ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹150 per certificate + courier charges
Pledge Creation Nil 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Nil 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.04% of transaction value (Min ₹40) 0.05% of the transaction value (Min ₹50) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50 ₹50
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Upstox vs Groww on Special Offers and Promotion

Compare HDFC Sky vs Upstox vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare HDFC Sky vs Upstox vs Groww on Special Offers and Promotion
  HDFC Sky Upstox 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 funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-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. Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Info Not Available Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Direct from your HDFC bank account. HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
NA
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...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

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...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

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 Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquire for HDFC Sky Enquire for Upstox Enquire for Groww

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