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HDFC Sky Vs Kotak Securities: 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 Kotak Securities ranges between Rs. 20 per order. HDFC Sky is a Discount Broker where Kotak Securities is a Full Service Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Kotak Securities is 11,79,674 where number of active customer for HDFC Sky is 10,88,561. Kotak Securities is serving more customer compare to HDFC Sky.

Here we present side-by-side comparison of HDFC Sky vs Kotak Securities 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 Kotak Securities'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 Kotak Securities 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 Kotak Securities'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 Kotak Securities on Service

  HDFC Sky Compare
HDFC Sky
Kotak Securities Compare
Kotak Securities
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 10,88,561 11,79,674
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 Kotak Securities is one of the leading stock brokers in India. From a comprehensive suite of trading and investing products to free intraday trading, multiple brokerage plans, a new-gen Neo web and app platform, cutting-edge trading tools, and expert...Know more about Kotak Securities
Broker Enquiry Request call back from Zerodha Request call back from Kotak Securities
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Account Opening Charges and AMC

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

Comparison of HDFC Sky with Kotak Securities on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky offer Free account opening where Kotak Securities charges Rs 99 for account opening. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account where Kotak Securities charges Rs 600 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare HDFC Sky with Kotak Securities
Charges HDFC Sky Kotak Securities
Trading Account Opening Fees Free Rs 99
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Rs 600 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Kotak Securities on Plan Options

Plans are the most important feature you look when compare HDFC Sky with Kotak Securities. This section compare on high level about type of plans offered by brokers. Multiple Plans - Kotak Securities provides Multiple Plans where HDFC Sky doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Zerodha Kotak Securities
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs Kotak Securities 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.

Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

Brokerage Charges - Compare HDFC Sky with Kotak Securities
Brokerage Charges Compare HDFC Sky Kotak Securities
Plan Name Fixed pricing model Kotak Securities Trade Free Plan
Equity Delivery 0.1% or Rs 20 whichever is lower 0.25%
Equity Intraday 0.1% or Rs 20 whichever is lower Free
Equity Futures 0.1% or Rs 20 whichever is lower Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Equity Options Flat Fee Rs 20 Delivery: Flat fee Rs. 20 per order| Intraday: Free
Currency Futures 0.1% or Rs 20 whichever is lower Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Currency Options Flat Fee Rs 20 Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Commodity Trading Flat Fee Rs 20 Delivery: Flat fee Rs. 20 per order| Intraday: Fre
Minimum Brokerage NIL Rs 21 per executed order
Hidden Charges No No
Funding Yes - 12% interest PA 12.49% interest PA
Call & Trade Charges Rs 20 per call 20 calls free and after that Rs 20 per call
Auto Square off Charges 0.1% or Rs 20 whichever is lower 20 calls free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Kotak Securities
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Share Broker's Transaction Charges

Compare HDFC Sky vs Kotak Securities on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with Kotak Securities
Transaction Charges Compare HDFC Sky Kotak Securities
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 kotak-securities
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Account Features

Compare HDFC Sky vs Kotak Securities on Account Features

Compare HDFC Sky with Kotak Securities 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 - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

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

Compare HDFC Sky vs Kotak Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and Kotak Securities. 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 Kotak Securities
Trading Platform Compare HDFC Sky Kotak Securities
Desktop Trading Platform HDFC Sky Neo
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes No
Mobile Trading Yes Yes
Mobile Trading App HDFC Sky App Kotak Neo
Mobile Trading App Demo HDFC Sky App Demo Kotak Neo Demo
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Kotak Neo Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App Download iOS Kotak Neo 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 Kotak Securities
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Kotak Securities
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Kotak Securities
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for kotak-securities

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Broker Ratings by Users

Compare HDFC Sky vs Kotak Securities on User Rating

  HDFC Sky Kotak Securities
  97 Customer Reviews    Rate HDFC Sky 82 Customer Reviews    Rate Kotak Securities
Fees Ratings 2.4 2.6
Trading Brokerage Rating 2.1 2.7
Trading Platform Usability 2.9 3.2
Customer Service Ratings 2.8 3.1
Overall Ratings 2.4 2.8
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews
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Investment Offerings

Compare HDFC Sky vs Kotak Securities on Investment Offerings

Compare HDFC Sky with Kotak Securities 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) - Kotak Securities provides PMS Service where HDFC Sky doesn't offer

Investment Offerings - Compare HDFC Sky with Kotak Securities
Investment Offerings Compare HDFC Sky Kotak Securities
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 Yes
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service No Yes
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs Kotak Securities on Order Types

Order Type - Compare HDFC Sky with Kotak Securities 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) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear 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 a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Kotak Securities 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 Kotak Securities
Order Type Compare HDFC Sky Kotak Securities
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders No Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare HDFC Sky vs Kotak Securities on Customer Service

Compare HDFC Sky with Kotak Securities 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 Kotak Securities
Customer Service Compare HDFC Sky Kotak Securities
24/7 Customer Service HDFC Sky vs Kotak Securities - 24x7 customer support No No
Email Support HDFC Sky vs Kotak Securities - Email Support Yes Yes
Onine Live Chat HDFC Sky vs Kotak Securities - Onine Live Chat No Yes
Phone Support HDFC Sky vs Kotak Securities - Phone Support Yes Yes
Toll Free Number HDFC Sky vs Kotak Securities - Toll Free Number No Yes
Through Branches HDFC Sky vs Kotak Securities - Through Branches Yes Yes
Customer Care Number HDFC Sky vs Kotak Securities - Customer Care Number 1800 121 2109 1800 209 9191
Account Opening Process HDFC Sky vs Kotak Securities - Account Opening Process Online Online
Customer Support Email HDFC Sky vs Kotak Securities - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Kotak Securities - Knowledge Center/Education https://hdfcsky.com/learn https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank
Head Office Address HDFC Sky vs Kotak Securities - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Website HDFC Sky vs Kotak Securities - Company Website https://hdfcsky.com/ https://www.kotaksecurities.com
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Tips/Research/Reports Published

Compare HDFC Sky vs Kotak Securities on Research Reports, Tips

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

Research Reports - Compare HDFC Sky with Kotak Securities
  HDFC Sky Kotak Securities
Research Mutual Funds HDFC Sky vs Kotak Securities - Research Mutual Funds Yes Yes
Research Equity Reports HDFC Sky vs Kotak Securities - Research Equity Reports Yes Yes
Research ETF HDFC Sky vs Kotak Securities - Research ETF Yes Yes
Daily Market Report HDFC Sky vs Kotak Securities - Daily Market Report Yes Yes
Free Tips HDFC Sky vs Kotak Securities - Free Tips Yes Yes
Quarterly Result Analysis HDFC Sky vs Kotak Securities - Quarterly Results Yes Yes
News Alerts HDFC Sky vs Kotak Securities - Yes Yes
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Demat Account

Compare HDFC Sky vs Kotak Securities on Demat Account

Compare HDFC Sky with Kotak Securities 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 Kotak Securities is ₹780 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 Kotak Securities is 0.04% (Min ₹27) + 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

Demat Charges - Compare HDFC Sky with Kotak Securities
  HDFC Sky Kotak Securities
DP Source CDSL CDSL
DP ID HDFC Sky vs Kotak Securities - DP ID CDSL: 1209 49200
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹780 pa
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges 0.04% (Min ₹27) + CDSL charges
Demat ₹5 per certificate + ₹35 request charges ₹3 per certificate + ₹50 courier charges
Remat ₹30 ₹10 for every hundred securities (Min ₹15)
Pledge Creation Nil 0.05% of transaction value (Min ₹30)
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) 0.05% of transaction value (Min ₹30)
Pledge Closure Nil 0.05% of transaction value (Min ₹30)
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) 0.05% of transaction value (Min ₹30)
Pledge Invocation 0.04% of transaction value (Min ₹40) 0.05% of transaction value (Min ₹30)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Kotak Securities on Special Offers and Promotion

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

Compare HDFC Sky vs Kotak Securities on Special Offers and Promotion
  HDFC Sky Kotak Securities
Pay In and Pay Out Options HDFC Sky vs Kotak Securities - 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, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank).
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time HDFC Sky vs Kotak Securities - Payout Time Instant to HDFC Bank. Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank.
Bank Supported and Charges HDFC Sky vs Kotak Securities - Bank Supported and Charges Info Not Available (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank
Bank Detail Direct from your HDFC bank account. Direct from your Kotak Mahindra bank account.
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...

  • Wide range of products from equity to F&O, IPO, debt, mutual funds, SGBs, etc.
  • Minimal account opening charges
  • No brokerage intraday trading
  • Low-cost brokerage trading
  • Multiple platforms to trade on web, app, and desktop
  • StockCase: Experts recommended basket of stocks
  • Tools like equity screeners, TradingView charts, and Payoff analyzer
  • BNST: Buy Now Sell Tomorrow order
  • Bracket order, cover order, GTT, and aftermarket order
  • Intraday trading tips, short-term and long-term calls, derivative calls, equity investment ideas, and quarterly research reports from experts are available.
  • Margin trading facility (MTF) with dealer assisted trading
  • Kotak Traders Academy for beginners

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...

  • Its Trade free youth plan is only available for upto 30 years of age and that too is valid for 2 years only.
  • High brokerage in dealer-assisted plan (Delivery: 0.39%, Equity and commodity options: Rs 39 per lot)
  • Delivery trading is not free as charged with 0.25% brokerage.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Kotak Securities Account Now>>

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