HDFC Sky Vs IIFL Securities Vs Groww: Which one is better?

The brokerage of HDFC Sky ranges between Rs 20, the brokerage of IIFL Securities ranges between Rs 20, while the brokerage of Groww ranges between Rs 20. The broker HDFC Sky and Groww are discount brokers where IIFL Securities is a full service broker. Overall rating for HDFC Sky is 4, IIFL Securities is rated 4, Groww is rated 4 out of 5.

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

Compare 2 Brokers

Compare HDFC Sky vs IIFL Securities vs Groww on Service

	HDFC Sky	IIFL Securities	Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Discount Broker	Full Service 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...	IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...	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...
Broker Enquiry

Account Opening Charges and AMC

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

In this section we have compared HDFC Sky vs IIFL Securities 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, IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky vs IIFL Securities vs Groww
Charges	HDFC Sky	IIFL Securities	Groww
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 250 PA (Free for 1st year)	Free
Provide DP Service

About Brokerage Plans

Compare HDFC Sky vs IIFL Securities vs Groww on Plan Options

Plans are the most important feature you look when compare HDFC Sky vs IIFL Securities 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 IIFL Securities vs Groww on Plan Options
Plan Types	HDFC Sky	IIFL Securities	Groww
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

	IIFL Securities	Zerodha	Zerodha
Account Opening Request	Open IIFL Securities Account Now>>	Open Zerodha Account Now>>	Open Zerodha Account Now>>

Brokerage Charges

Compare HDFC Sky vs IIFL Securities 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.

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage 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 vs IIFL Securities vs Groww
Brokerage Charges Compare	HDFC Sky	IIFL Securities	Groww
Plan Name	Fixed pricing model	IIFL iSERVE Brokerage Plan	Flat Brokerage Plan
Equity Delivery	0.1% or Rs 20 whichever is lower	Flat Rs 20 per order	0.05% or Rs 20 whichever is lower
Equity Intraday	0.1% or Rs 20 whichever is lower	Flat Rs 20 per order	0.05% or Rs 20 whichever is lower
Equity Futures	0.1% or Rs 20 whichever is lower	Flat Rs 20 per order	Flat Fee Rs 20
Equity Options	Flat Fee Rs 20	Flat Rs 20 per order	Flat Fee Rs 20
Currency Futures	0.1% or Rs 20 whichever is lower	Flat Rs 20 per order	Not Available
Currency Options	Flat Fee Rs 20	Flat Rs 20 per order	Not Available
Commodity Trading	Flat Fee Rs 20	Flat Rs 20 per order	Not Available
Minimum Brokerage
Hidden Charges	No	Info Not Available
Call & Trade Charges	Rs 20 per call	Rs 50 Per Call + GST	Rs 50 Per Executable Order
Auto Square off Charges	0.1% or Rs 20 whichever is lower	Rs 50 Per Call + GST	Rs 50 Per Executable Order
Brokerage Calculator	Brokerage Calculator for HDFC Sky	Brokerage Calculator for IIFL Securities	Brokerage Calculator for Groww

Share Broker's Transaction Charges

Compare HDFC Sky vs IIFL Securities vs Groww on Transaction Charges

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

Transaction Charges - Compare HDFC Sky vs IIFL Securities vs Groww
Transaction Charges Compare	HDFC Sky	IIFL Securities	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 260 Per Cr \| Agri: Rs 175 Per Cr	NA
Brokerage Charges	Complete Brokerage Plans for hdfc-sky	Complete Brokerage Plans for iifl-securities	Complete Brokerage Plans for groww

Account Features

Compare HDFC Sky vs IIFL Securities vs Groww on Account Features

Compare HDFC Sky vs IIFL Securities 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 IIFL Securities and 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 and IIFL Securities offers NRI Trading where Groww doesn't offers NRI Trading.

Account Features - HDFC Sky vs IIFL Securities vs Groww
Account Features Compare	HDFC Sky	IIFL Securities	Groww
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15PM	3:10 PM
NRI Trading
Other Features	NIL	NIL	NIL

Trading Platform

Compare HDFC Sky vs IIFL Securities vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky vs IIFL Securities 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 IIFL Securities vs Groww
Trading Platform Compare	HDFC Sky	IIFL Securities	Groww
Web Trading Platform
Web Trading Detail	https://hdfcsky.com/	https://ttweb.indiainfoline.com	Yes
Web Trading Demo	Web Trading Demo	Web Trading Demo	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	HDFC Sky App	IIFL Markets	Groww App
Mobile Trading App Demo	HDFC Sky App Demo	IIFL Markets Demo	Groww App Demo
Android Mobile App
Android App Download	Andriod HDFC Sky App Download	Andriod IIFL Markets Download	Andriod Download
iPhone Mobile App (IOS)
iOS App Download	iOS HDFC Sky App Download	iOS IIFL Markets Download	iOS Groww App Download
Android Tablet App
iPad App (IOS)
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 IIFL Securities	Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator	Futures Brokerage Calculator for HDFC Sky	Futures Brokerage Calculator for IIFL Securities	Futures Brokerage Calculator for Groww
Options Brokerage Calculator	Options Brokerage Calculator for HDFC Sky	Options Brokerage Calculator for IIFL Securities	Options Brokerage Calculator for Groww
Detail	Detail on Trading Platforms for hdfc-sky	Detail on Trading Platforms for iifl-securities	Detail on Trading Platforms for groww

Broker Ratings by Users

Compare HDFC Sky vs IIFL Securities vs Groww on User Rating

	HDFC Sky	IIFL Securities	Groww
	97 Customer Reviews	82 Customer Reviews	20 Customer Reviews
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	IIFL Securities is Rated 2.8 / 5 based on 82 customer reviews	Groww is Rated 1.7 / 5 based on 20 customer reviews

Investment Offerings

Compare HDFC Sky vs IIFL Securities vs Groww on Investment Offerings

Compare HDFC Sky vs IIFL Securities 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 IIFL Securities 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) - IIFL Securities offers PMS facility where HDFC Sky and Groww doesn't offers PMS facility.

Investment Offerings - Compare HDFC Sky vs IIFL Securities vs Groww
Investment Offerings Compare	IIFL Securities	Groww
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare HDFC Sky vs IIFL Securities vs Groww on Order Types

Order Type - Compare HDFC Sky vs IIFL Securities 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) - All 3 brokers doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After Market Orders (AMO) - IIFL Securities AMO facility where HDFC Sky and Groww doesn't provides AMO. GTC Orders - HDFC Sky and IIFL Securities offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.

Order Types - Compare HDFC Sky vs IIFL Securities vs Groww
Order Type Compare	HDFC Sky	IIFL Securities	Groww
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare HDFC Sky vs IIFL Securities vs Groww on Customer Service

Compare HDFC Sky vs IIFL Securities 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 IIFL Securities vs Groww
Customer Service Compare	HDFC Sky	IIFL Securities	Groww
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	1800 121 2109	022-40071000	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://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx	https://groww.in/academy
Head Office Address	LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042	IIFL House, Sun Infotech Park, Road No. 16V, Plot No. B-23, MIDC, Thane Industrial Area, Wagle Estate, Thane-MH-400604	Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034
Website	https://hdfcsky.com/	https://www.indiainfoline.com/	https://groww.in/

Tips/Research/Reports Published

Compare HDFC Sky vs IIFL Securities vs Groww on Research Reports, Tips

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

Research Reports - Compare HDFC Sky vs IIFL Securities vs Groww
	HDFC Sky	IIFL Securities	Groww
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare HDFC Sky vs IIFL Securities vs Groww on Demat Account

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

Demat Charges - Compare HDFC Sky vs IIFL Securities vs Groww
	HDFC Sky	IIFL Securities	Groww
DP Source	CDSL	CDSL	CDSL
DP ID	12400	44700	88700
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/-	Nil	Nil
Statutory charges	Nil	Nil	Legal Charges
Transaction Charges on Debit (Per ISIN)	0.04% (Min ₹20) + CDSL charges	0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)	₹8 + ₹5.50 CDSL charges
Demat	₹5 per certificate + ₹35 request charges	₹15 per certificate + ₹40 courier charges	₹150 per certificate + courier charges
Remat	₹30	₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges	₹150 per certificate + courier charges
Pledge Creation	Nil	₹50	₹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	Nil	₹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)	Nil	₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges	Nil	Nil	₹50
Other Charges

Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs IIFL Securities vs Groww on Special Offers and Promotion

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

Compare HDFC Sky vs IIFL Securities vs Groww on Special Offers and Promotion
	HDFC Sky	IIFL Securities	Groww
Pay In and Pay Out Options
Payout Time
Bank Supported and Charges
Bank Detail
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 1^st 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...	Hassle-free onboarding process at zero paperwork. Zero Demat AMC for 1 year. Lowest brokerage online trading at just Rs. 20/order Free state-of-the-art mobile app, web, and desktop trading software. Paperless mutual fund investment at zero brokerage. Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc. Comprehensive equity and mutual funds research. Pre-IPO apply Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order. Margin trading facility. Blogs and knowledge center for beginners. 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...	IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility. If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading. 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
	Enquire for HDFC Sky	Enquire for IIFL Securities	Enquire for Groww

Last Updated on

Transaction Charges Compare	HDFC Sky	IIFL Securities	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 260 Per Cr \| Agri: Rs 175 Per Cr	NA
Brokerage Charges	Complete Brokerage Plans for hdfc-sky	Complete Brokerage Plans for iifl-securities	Complete Brokerage Plans for groww