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HDFC Sky Vs Zerodha: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of Zerodha Max Rs 20 per trade. Both the brokers are Discount Brokers. HDFC Sky is having overall lower rating compare to Zerodha. HDFC Sky is rated only 4 out of 5 where Zerodha is rated 4.5 out of 5. Number of active customer for Zerodha is 72,23,525 where number of active customer for HDFC Sky is 10,88,561. Zerodha is serving more customer compare to HDFC Sky.

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

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

  HDFC Sky Compare
HDFC Sky
Zerodha Compare
Zerodha
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE, MCX
Active Clients 10,88,561 72,23,525
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 Zerodha is India's number 1 discount broker offering free equity and mutual fund investment, Rs 20 flat brokerage trading, and user-friendly Kite trading platform.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

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

Comparison of HDFC Sky with Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with Zerodha
Charges HDFC Sky Zerodha
Trading Account Opening Fees Free Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Rs 300 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Zerodha on Plan Options

Plans are the most important feature you look when compare HDFC Sky with Zerodha. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs Zerodha on 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.

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Brokerage Charges - Compare HDFC Sky with Zerodha
Brokerage Charges Compare HDFC Sky Zerodha
Plan Name Fixed pricing model Max Rs 20 per order Trading Plan
Equity Delivery 0.1% or Rs 20 whichever is lower Free
Equity Intraday 0.1% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Equity Futures 0.1% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures 0.1% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower
Currency Options Flat Fee Rs 20 Flat Fee Rs 20
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding Yes - 12% interest PA Info Not Available
Call & Trade Charges Rs 20 per call Rs 50 Per Executable Order
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Zerodha
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Share Broker's Transaction Charges

Compare HDFC Sky vs Zerodha on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with Zerodha
Transaction Charges Compare HDFC Sky Zerodha
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 NA Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for zerodha
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Account Features

Compare HDFC Sky vs Zerodha on Account Features

Compare HDFC Sky with Zerodha on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 3-in-1 account which includes bank, trading and demat account. Algo Trading - Zerodha offers Algo Trading where HDFC Sky doesn't offers Algo Trading. Margin Funding - HDFC Sky offers a margin funding where Zerodha doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - HDFC Sky with Zerodha
Account Features Compare HDFC Sky Zerodha
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.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare HDFC Sky vs Zerodha on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and Zerodha. 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 HDFC Sky with Zerodha
Trading Platform Compare HDFC Sky Zerodha
Desktop Trading Platform HDFC Sky Kite By Zerodha
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) No No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App Zerodha Kite
Mobile Trading App Demo HDFC Sky App Demo Zerodha Kite Demo
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Zerodha Kite Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App Download iOS Zerodha Kite 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 HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Zerodha
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Zerodha
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Zerodha
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for zerodha

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Broker Ratings by Users

Compare HDFC Sky vs Zerodha on User Rating

  HDFC Sky Zerodha
  97 Customer Reviews    Rate HDFC Sky 160 Customer Reviews    Rate Zerodha
Fees Ratings 2.4 4.0
Trading Brokerage Rating 2.1 4.4
Trading Platform Usability 2.9 3.7
Customer Service Ratings 2.8 3.8
Overall Ratings 2.4 3.9
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Zerodha is Rated 3.9 / 5 based on 160 customer reviews
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Investment Offerings

Compare HDFC Sky vs Zerodha on Investment Offerings

Compare HDFC Sky with Zerodha 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) - both the brokers don't have PMS Service.

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

Compare HDFC Sky vs Zerodha on Order Types

Order Type - Compare HDFC Sky with Zerodha 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) - HDFC Sky provide Bracket Orders (BO) where Zerodha doesn't offer.With the name its cleare 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 higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Zerodha 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 HDFC Sky with Zerodha
Order Type Compare HDFC Sky Zerodha
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes No
AMO-After Market Orders No Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare HDFC Sky vs Zerodha on Customer Service

Compare HDFC Sky with Zerodha 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 HDFC Sky with Zerodha
Customer Service Compare HDFC Sky Zerodha
24/7 Customer Service HDFC Sky vs Zerodha - 24x7 customer support No No
Email Support HDFC Sky vs Zerodha - Email Support Yes Yes
Onine Live Chat HDFC Sky vs Zerodha - Onine Live Chat No No
Phone Support HDFC Sky vs Zerodha - Phone Support Yes Yes
Toll Free Number HDFC Sky vs Zerodha - Toll Free Number No No
Through Branches HDFC Sky vs Zerodha - Through Branches Yes Yes
Customer Care Number HDFC Sky vs Zerodha - Customer Care Number 1800 121 2109 "+ 91 80 4040 2020"
Account Opening Process HDFC Sky vs Zerodha - Account Opening Process Online Online/Paperless
Customer Support Email HDFC Sky vs Zerodha - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Zerodha - Knowledge Center/Education https://hdfcsky.com/learn https://zerodha.com/varsity/
Head Office Address HDFC Sky vs Zerodha - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Website HDFC Sky vs Zerodha - Company Website https://hdfcsky.com/ https://zerodha.com/
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Tips/Research/Reports Published

Compare HDFC Sky vs Zerodha on Research Reports, Tips

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

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

Compare HDFC Sky vs Zerodha on Demat Account

Compare HDFC Sky with Zerodha 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 Zerodha is ₹300 pa where for HDFC Sky is ₹750 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 HDFC Sky is 0.04% (Min ₹20) + CDSL charges where for Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction.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 HDFC Sky with Zerodha
  HDFC Sky Zerodha
DP Source CDSL CDSL
DP ID HDFC Sky vs Zerodha - DP ID CDSL: 1209 81600
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹300 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- Nil
Statutory charges Nil ₹50
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹8 + ₹5.50 (CDSL Charges) per transaction
Demat ₹5 per certificate + ₹35 request charges ₹150 per certificate + ₹100 courier charges
Remat ₹30 ₹150 per certificate + ₹100 courier charges + CDSL Charges
Pledge Creation Nil ₹20 + ₹12 CSDL charges
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Closure Nil ₹20 + ₹12 CSDL charges
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Invocation 0.04% of transaction value (Min ₹40) ₹20
Failed Instruction Charges Nil ₹50 per instraction
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Zerodha on Special Offers and Promotion

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

Compare HDFC Sky vs Zerodha on Special Offers and Promotion
  HDFC Sky Zerodha
Pay In and Pay Out Options HDFC Sky vs Zerodha - 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, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time HDFC Sky vs Zerodha - Payout Time Instant to HDFC Bank. Max 24 hrs except for bank holidays
Bank Supported and Charges HDFC Sky vs Zerodha - Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).
Bank Detail Direct from your HDFC bank account. HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
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...

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

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...

  • Does not offer Lifetime free AMC account
  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Bracket order is not offered by Zerodha
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.
  • Software glitches in Kite happens at certain times.

Detail Review...

Special Offers/Promo Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

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

FAQs

HDFC is one of the largest full-time brokers of India which is a registered member of BSE, NSE, IRDA, PFRDA, AMFI, and MCX. The broker offers a different arena of products including equity, derivatives, fixed deposits, mutual funds, insurance, IPOs, bonds, currency derivatives, NCDs, ETF, and NPS. The broker has more than 250 branches across the country.

While Zerodha is a discount broker that offers low brokerage and high exposure. Zerodha offers its investors to trade and invests in equity, equity F&O, commodity, currency, Direct Mutual Funds through SIP and lump-sum, ETFs, Government securities, and bonds. HDFC Sky Limited provides the full exposure of all the worlds, however, Zerodha has resources but not as much compared to HSL.

 

The process is simple. You can transfer via transfer slips you received from HDFC. If you transfer all shares from HDFC to Zerodha and close HDFC account, then it will be almost free. If you just transfer shares and keep HDFC account open then you need to pay transfer charges.