FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Both the brokers are registered with SEBI. HDFC Sky offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Groww is 91,85,024 where number of active customer for HDFC Sky is 10,88,561. Groww is serving more customer compare to HDFC Sky.
Here we present side-by-side comparison of HDFC Sky vs Groww 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 Groww'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 Groww 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 Groww's on
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.
Comparison of HDFC Sky with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account.
Charges | HDFC Sky | Groww |
---|---|---|
Trading Account Opening Fees | Free | Free |
Trading AMC | Free | Free |
Demat Account Opening Fees | Free | Free |
Demat AMC | Rs 240 PA (Free for 1st year) | Free |
Provide DP Service |
Plans are the most important feature you look when compare HDFC Sky with Groww. 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.
Plan Types | HDFC Sky | Groww |
---|---|---|
Multiple Plans | ||
Monthly Plans | ||
Yearly Plans |
Zerodha | Zerodha | |
---|---|---|
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.
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 | Groww |
---|---|---|
Plan Name | Fixed pricing model | Flat Brokerage Plan |
Equity Delivery | 0.1% 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 |
Equity Futures | 0.1% or Rs 20 whichever is lower | Flat Fee Rs 20 |
Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 |
Currency Futures | 0.1% or Rs 20 whichever is lower | Not Available |
Currency Options | Flat Fee Rs 20 | Not Available |
Commodity Trading | Flat Fee Rs 20 | Not Available |
Minimum Brokerage | NIL | NIL |
Hidden Charges | No | Info Not Available |
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 Groww |
Compare HDFC Sky with Groww on transaction charges and PCM fee by segment.
Transaction Charges Compare | HDFC Sky | Groww |
---|---|---|
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 | NA |
Brokerage Charges | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for groww |
Compare HDFC Sky with 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 Groww offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - HDFC Sky offers NRI where Groww doesn't offers NRI Trading.
Account Features Compare | HDFC Sky | 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 | 3:10 PM |
NRI Trading | ||
Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and Groww. 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 | Groww |
---|---|---|
Desktop Trading Platform | HDFC Sky | Groww App |
Desktop Demo | Desktop Demo | Info Not Available |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | https://hdfcsky.com/ | Yes |
Web Trading Demo | Web Trading Demo | Info Not Available |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | HDFC Sky App | Groww App |
Mobile Trading App Demo | HDFC Sky App Demo | Info Not Available |
Android Mobile App | ||
Android App Download | Andriod HDFC Sky App Download | Andriod Groww App Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS HDFC Sky App Download | iOS Groww App Download |
Android Tablet App | ||
iPad App (IOS) | ||
Trading Software Charges | Free | Free |
Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for HDFC Sky | Equity Intraday and Delivery Brokerage Calculator for Groww |
Futures Brokerage Calculator | Futures Brokerage Calculator for HDFC Sky | Futures Brokerage Calculator for Groww |
Options Brokerage Calculator | Options Brokerage Calculator for HDFC Sky | Options Brokerage Calculator for Groww |
Detail | Detail on Trading Platforms for hdfc-sky | Detail on Trading Platforms for groww |
Compare HDFC Sky with 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 - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - HDFC Sky offers trading options in Commodity (MCX) where Groww doesn't offer. 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 | 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 Type - Compare HDFC Sky with Groww 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) - HDFC Sky provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a 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 Groww 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)- both doesn't offers AMO orders. GTC Orders- HDFC Sky offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.
Order Type Compare | HDFC Sky | Groww |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
Compare HDFC Sky with Groww 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 Service Compare | HDFC Sky | Groww |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | 1800 121 2109 | 9108800604 |
Account Opening Process | Online | Online |
Customer Support Email | [email protected] | [email protected] |
Knowledge Center/Education | https://hdfcsky.com/learn | https://groww.in/academy |
Head Office Address | 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://hdfcsky.com/ | https://groww.in/ |
Compare HDFC Sky with Groww on research reports and tips provided by the broker.
Compare HDFC Sky with Groww 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 Groww is Zero 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 Groww is ₹8 + ₹5.50 CDSL charges.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
Compare HDFC Sky with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
HDFC Sky | 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 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 |
Bank Supported and Charges | Info Not Available | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. |
Bank Detail | Direct from your HDFC bank account. | Info Not Available |
Likes |
Want to know why to trade with HDFC Sky, here are the promising reasons;
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Special Offers/Promo | ||
Enquiry | Open Zerodha Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2023-11-09T03:39:28+00:00