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

The brokerage of Sharekhan ranges between 0.1 to 0.5%, the brokerage of HDFC Sky ranges between Rs 20, while the brokerage of Groww ranges between Rs 20. The broker HDFC Sky and Groww are a discount brokers where Sharekhan is a full service broker. Overall rating for Sharekhan is 4, HDFC Sky is rated 4, Groww is rated 4 out of 5.

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

Compare Sharekhan vs HDFC Sky vs Groww on Service

  Sharekhan Compare
Sharekhan
HDFC Sky Compare
HDFC Sky
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE, MCX NSE, BSE
Broker Overview Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation... 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 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 Sharekhan Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

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

In this section we have compared Sharekhan vs HDFC Sky 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 - Sharekhan charges Rs 400 PA (Free for 1st year)) as AMC for Demat account, HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan vs HDFC Sky vs Groww
Charges Sharekhan HDFC Sky Groww
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Rs 240 PA (Free for 1st year) Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Sharekhan vs HDFC Sky vs Groww on Plan Options

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

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

Account Opening

  Sharekhan Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs HDFC Sky vs Growwon 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.

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 Sharekhan vs HDFC Sky vs Groww
Brokerage Charges Compare Sharekhan HDFC Sky Groww
Plan Name Sharkehan Brokerage Plan Fixed pricing model Flat Brokerage Plan
Equity Delivery 0.30% 0.1% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.1% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.02% 0.1% or Rs 20 whichever is lower Flat Fee Rs 20
Equity Options Rs 20 per lot Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.02% 0.1% or Rs 20 whichever is lower Not Available
Currency Options Rs 5 per lot Flat Fee Rs 20 Not Available
Commodity Trading Rs 20 per lot Flat Fee Rs 20 Not Available
Minimum Brokerage Rs 20
Hidden Charges No No
Funding Yes - 18% interest PA Yes - 12% interest PA NA
Call & Trade Charges Free Rs 20 per call Rs 50 Per Executable Order
Auto Square off Charges Free 0.1% or Rs 20 whichever is lower Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for HDFC Sky Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Sharekhan vs HDFC Sky vs Groww on Transaction Charges

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

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

Compare Sharekhan vs HDFC Sky vs Groww on Account Features

Compare Sharekhan vs HDFC Sky 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 Sharekhan 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 - Sharekhan and HDFC Sky offers NRI Trading where Groww doesn't offers NRI Trading.

Account Features - Sharekhan vs HDFC Sky vs Groww
Account Features Compare Sharekhan HDFC Sky Groww
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. No Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No No 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 Yes No
Other Features NIL NIL NIL
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Trading Platform

Compare Sharekhan vs HDFC Sky vs Growwon Trading Platform

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

https://www.sharekhan.com/

https://hdfcsky.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 Sharekhan HDFC Sky App Groww App
Mobile Trading App Demo Sharekhan Demo HDFC Sky App Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod Sharekhan Download Andriod HDFC Sky App Download Andriod Download
iPhone Mobile App (IOS) Yes No Yes
iOS App Download iOS Sharekhan Download iOS HDFC Sky App 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 Sharekhan Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare Sharekhan vs HDFC Sky vs Groww on User Rating

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

Compare Sharekhan vs HDFC Sky vs Groww on Investment Offerings

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

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

Compare Sharekhan vs HDFC Sky vs Groww on Order Types

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

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

Compare Sharekhan vs HDFC Sky vs Groww on Customer Service

Compare Sharekhan vs HDFC Sky 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 Sharekhan vs HDFC Sky vs Groww
Customer Service Compare Sharekhan HDFC Sky Groww
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat Yes No Yes
Phone Support Yes Yes Yes
Toll Free Number Yes No No
Through Branches Yes Yes No
Customer Care Number 1800227500 1800 121 2109 9108800604
Account Opening Process Offline Online Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.sharekhan.com/help/hello https://hdfcsky.com/learn https://groww.in/academy
Head Office 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
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://www.sharekhan.com https://hdfcsky.com/ https://groww.in/
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Tips/Research/Reports Published

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

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

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

Compare Sharekhan vs HDFC Sky vs Groww on Demat Account

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

Demat Charges - Compare Sharekhan vs HDFC Sky vs Groww
  Sharekhan HDFC Sky Groww
DP Source CDSL CDSL CDSL
DP ID 36000 CDSL: 1209 No
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹750 pa Zero
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/- Nil
Statutory charges Actual Stamp Paper Charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.04% (Min ₹20) + CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹5 per certificate (Min 50 per request) ₹5 per certificate + ₹35 request charges ₹150 per certificate + courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹30 ₹150 per certificate + courier charges
Pledge Creation 0.03% (Min ₹100) Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil 0.04% of transaction value (Min ₹40) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Nil Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil 0.04% of transaction value (Min ₹40) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation Nil 0.04% of transaction value (Min ₹40) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil Nil ₹50
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 Nil
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Special Offers,Advantages,Disadvantages

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

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

Compare Sharekhan vs HDFC Sky vs Groww on Special Offers and Promotion
  Sharekhan HDFC Sky Groww
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.
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 Max 24 hrs except bank holidays Instant to HDFC Bank. Max 24 hrs except bank holidays
Bank Supported and Charges Info Not Available Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
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. NA
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...

  • 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
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.
  • 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...

  • 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 Sharekhan Enquire for HDFC Sky Enquire for Groww

Last Updated on 2024-03-04T07:37:57+00:00