FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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 Monarch Networth ranges between 0.03% to 0.30%. HDFC Sky is a Discount Broker where Monarch Networth is a Full Service Broker. HDFC Sky is having overall higher rating compare to Monarch Networth. HDFC Sky is rated 4 out of 5 where Monarch Networth is rated only 3 out of 5. Number of active customer for HDFC Sky is 10,97,747 where number of active customer for Monarch Networth is 57,815. HDFC Sky is serving more customer compare to Monarch Networth.
Here we present side-by-side comparison of HDFC Sky vs Monarch Networth 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 Monarch Networth'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 Monarch Networth 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 Monarch Networth'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 Monarch Networth on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account where Monarch Networth charges Rs 225 PA AMC for Demat account.
Charges | HDFC Sky | Monarch Networth |
---|---|---|
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) | Rs 225 PA |
Provide DP Service |
Plans are the most important feature you look when compare HDFC Sky with Monarch Networth. 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 | Monarch Networth |
---|---|---|
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.
Monarch Networth Brokerage Plan detail - This is a standard plan by Networth Direct. This is a % based brokerage plan that charges a fixed fee of 0.03% to 0.30%.
Brokerage Charges Compare | HDFC Sky | Monarch Networth |
---|---|---|
Plan Name | Fixed pricing model | Basic Trading Plan (Percentage Based) |
Equity Delivery | 0.1% or Rs 20 whichever is lower | 0.30% |
Equity Intraday | 0.1% or Rs 20 whichever is lower | 0.03% |
Equity Futures | 0.1% or Rs 20 whichever is lower | 0.03% |
Equity Options | Flat Fee Rs 20 | Rs 100 per lot |
Currency Futures | 0.1% or Rs 20 whichever is lower | 0.03% |
Currency Options | Flat Fee Rs 20 | Rs 100 per lot |
Commodity Trading | Flat Fee Rs 20 | Rs 100 per lot |
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 | NA |
Auto Square off Charges | 0.1% or Rs 20 whichever is lower | NA |
Brokerage Calculator | Brokerage Calculator for HDFC Sky | Brokerage Calculator for Monarch Networth |
Compare HDFC Sky with Monarch Networth on transaction charges and PCM fee by segment.
Transaction Charges Compare | HDFC Sky | Monarch Networth |
---|---|---|
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 260 Per Cr | Agri: Rs 175 Per Cr |
Brokerage Charges | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for monarch-networth-capital |
Compare HDFC Sky with Monarch Networth 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 Monarch Networth offers only 2-in-1 account which includes trading and demat account. Algo Trading - Monarch Networth offers Algo Trading where HDFC Sky 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 Compare | HDFC Sky | Monarch Networth |
---|---|---|
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 |
NRI Trading | ||
Other Features | NIL | Trading software terminal: Fast trade |
With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky and Monarch Networth. 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 | Monarch Networth |
---|---|---|
Desktop Trading Platform | HDFC Sky | FastTrade |
Desktop Demo | Desktop Demo | Info Not Available |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | https://hdfcsky.com/ | https://trade.mnclgroup.com |
Web Trading Demo | Web Trading Demo | Info Not Available |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | HDFC Sky App | MNCL Mobile Trader |
Mobile Trading App Demo | HDFC Sky App Demo | Info Not Available |
Android Mobile App | ||
Android App Download | Andriod HDFC Sky App Download | Andriod MNCL Mobile Trader Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS HDFC Sky App Download | iOS MNCL Mobile Trader Download |
Android Tablet App | ||
iPad App (IOS) | ||
Trading Software Charges | Free | Info Not Available |
Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for HDFC Sky | Equity Intraday and Delivery Brokerage Calculator for Monarch Networth |
Futures Brokerage Calculator | Futures Brokerage Calculator for HDFC Sky | Futures Brokerage Calculator for Monarch Networth |
Options Brokerage Calculator | Options Brokerage Calculator for HDFC Sky | Options Brokerage Calculator for Monarch Networth |
Detail | Detail on Trading Platforms for hdfc-sky | Detail on Trading Platforms for monarch-networth-capital |
Compare HDFC Sky with Monarch Networth 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 | Monarch Networth |
---|---|---|
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 | Health Plan, General Insurance |
Order Type - Compare HDFC Sky with Monarch Networth 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 Monarch Networth 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 Monarch Networth 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)- Monarch Networth offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- HDFC Sky offers Good Till Cancelled (GTC) orders where Monarch Networth doesn't support Good Till Cancelled (GTC) orders.
Order Type Compare | HDFC Sky | Monarch Networth |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
Compare HDFC Sky with Monarch Networth 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 | Monarch Networth |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | 1800 121 2109 | 022-43211800 /079-26666500 |
Account Opening Process | Online | Info Not Available |
Customer Support Email | [email protected] | [email protected] |
Knowledge Center/Education | https://hdfcsky.com/learn | Info Not Available |
Head Office Address | LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042 |
Info Not Available |
Website | https://hdfcsky.com/ | https://www.mnclgroup.com/ |
Compare HDFC Sky with Monarch Networth on research reports and tips provided by the broker.
Compare HDFC Sky with Monarch Networth 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 Monarch Networth is ₹500 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 Monarch Networth is ₹25 or 0.025% (Whichever is higher).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 Monarch Networth on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
HDFC Sky | Monarch Networth | |
---|---|---|
Pay In and Pay Out Options | Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
Info Not Available |
Payout Time | Instant to HDFC Bank. | Info Not Available |
Bank Supported and Charges | Info Not Available | Info Not Available |
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