Sharekhan vs HDFC SKY – Compare Charges, Trading Features, Offers & More

Overview — Sharekhan vs. HDFC SKY

Sharekhan is listed as a Private Discount Broker established in 2000 with headquarters in Mumbai and founded by Mukesh meena Dayalpura. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading and desktop terminal access and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. It follows a Freedom Pricing brokerage structure.

HDFC SKY is listed as a Private Discount Broker established in 2023 with headquarters in Mumbai and founded by Dhiraj Relli. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access and web trading and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. Its brokerage model is structured as Standard.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — Sharekhan vs. HDFC SKY

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Sharekhan and HDFC SKY.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Sharekhan charges 0.30% of Transaction Value or 1 paisa per share (whichever is higher) while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Sharekhan charges 0.02% of Transaction Value or 1 paisa per share (whichever is higher) while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).

Equity futures: This charge applies to futures contracts on stocks and indices. Sharekhan charges 0.03% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).

Equity options: This charge applies to equity option contracts. Sharekhan charges Rs.30 per Lot while HDFC SKY charges Rs.20 per Order.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Sharekhan charges 0.03% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).

Commodity options: This charge applies to option contracts on commodity instruments. Sharekhan charges Rs.75 per Lot while HDFC SKY charges Rs.20 per Order.

Currency futures: This charge allows participation in forex price movements on the exchange. Sharekhan charges 0.03% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Sharekhan charges Rs.20 per Lot while HDFC SKY charges Rs.20 per order.

Trading platforms comparison — Sharekhan vs. HDFC SKY

Sharekhan provides mobile app access, web trading and desktop terminal access for order placement, portfolio tracking, and market monitoring. HDFC SKY provides mobile app access and web trading for its users.

• Android app: Sharekhan and HDFC SKY both list an Android trading app.

• iOS app: Sharekhan and HDFC SKY both list an iOS trading app.

• Web trading platform: Sharekhan and HDFC SKY both list a web trading platform.

• Desktop trading terminal: Sharekhan lists a desktop trading terminal, while HDFC SKY does not currently mention it.

• Algo trading: Neither broker currently highlights algo trading support.

• Basket trading: Sharekhan and HDFC SKY both list basket trading.

• Foreign stocks platform: HDFC SKY lists foreign stocks access, while Sharekhan does not currently mention it.

• Mutual fund platform: Sharekhan and HDFC SKY both list a mutual fund investment platform.

• Digital gold platform: Neither broker currently highlights digital gold investing.

• Bonds platform: HDFC SKY lists a bonds investment platform, while Sharekhan does not currently mention it.

Sharekhan vs. HDFC SKY — Comparison of trading features

Sharekhan highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations, while HDFC SKY promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Sharekhan and HDFC SKY offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Sharekhan and HDFC SKY offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Sharekhan and HDFC SKY offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Sharekhan and HDFC SKY offer this feature.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Sharekhan and HDFC SKY offer this feature.

• Global indices: Real-time data on leading global stock market indices. HDFC SKY offers this; Sharekhan does not currently highlight it.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Both Sharekhan and HDFC SKY offer this feature.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Sharekhan and HDFC SKY offer this feature.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Sharekhan and HDFC SKY offer this feature.

• Live market: Live updates on market movements and trends. Both Sharekhan and HDFC SKY offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Sharekhan offers this; HDFC SKY does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both Sharekhan and HDFC SKY offer this feature.

Sharekhan vs. HDFC SKY — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Sharekhan and HDFC SKY.

• Free account opening: Sharekhan and HDFC SKY both list free account opening.

• Free AMC: Sharekhan and HDFC SKY both list free Demat AMC.

• Free brokerage: Neither broker currently highlights free brokerage.

• Flat brokerage: HDFC SKY lists flat brokerage pricing, while Sharekhan does not currently mention it.

• Flexible brokerage plans: Sharekhan lists flexible brokerage plans, while HDFC SKY does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Neither broker currently highlights free delivery trading.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: HDFC SKY lists free research reports, while Sharekhan does not currently mention it.

• Free trading calls: Sharekhan and HDFC SKY both list free trading calls.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: Sharekhan offers Upto Rs.400 per Client while HDFC SKY offers Rs.200 per Client for referrals.

Offered products comparison — HDFC SKY vs. Sharekhan

Product availability determines whether a broker can support your preferred markets. Sharekhan highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while HDFC SKY highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, mutual funds, foreign stocks, banking services, insurance, corporate bonds, government bonds and bonds.

• Demat services: Sharekhan and HDFC SKY both list Demat services.

• Trading services: Sharekhan and HDFC SKY both list trading services.

• Intraday services: Sharekhan and HDFC SKY both list intraday trading services.

• F&O services: Sharekhan and HDFC SKY both list F&O services.

• IPO services: Sharekhan and HDFC SKY both list IPO services.

• 3-in-1 account: HDFC SKY lists 3-in-1 account support, while Sharekhan does not currently mention it.

• Stock research: Sharekhan and HDFC SKY both list stock research.

• Stock recommendations: Sharekhan and HDFC SKY both list stock recommendations.

• Trading education: Sharekhan lists trading education, while HDFC SKY does not currently mention it.

• Share pledging: Sharekhan and HDFC SKY both list share pledging.

• PMS or PCG: HDFC SKY lists PMS or PCG support, while Sharekhan does not currently mention it.

• NRI services: Sharekhan and HDFC SKY both list NRI services.

Offered services comparison — Sharekhan vs. HDFC SKY

Sharekhan provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while HDFC SKY offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.

Stock advisory service comparison — Sharekhan vs. HDFC SKY

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Sharekhan and HDFC SKY.

Exposure comparison — Sharekhan vs. HDFC SKY

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Sharekhan and HDFC SKY across different segments.

Comparison of programs — Sharekhan vs. HDFC SKY

Sharekhan and HDFC SKY both list a sub-broker program. Sharekhan and HDFC SKY both list a partner program. Sharekhan and HDFC SKY both list a referral program.

Customer support comparison — Sharekhan vs. HDFC SKY

Sharekhan provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. HDFC SKY provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Sharekhan operates - branches.

Ratings — Sharekhan vs. HDFC SKY

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Sharekhan carries an overall rating of 9.06 / 10, while HDFC SKY carries an overall rating of 9.10 / 10.

Complaints — Sharekhan vs. HDFC SKY

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — Sharekhan vs. HDFC SKY

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Sharekhan and HDFC SKY.

Pledge charges comparison — Sharekhan vs. HDFC SKY

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — Sharekhan vs. HDFC SKY

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Sharekhan vs HDFC SKY

Sharekhan lists account opening charges of Free and Demat AMC of Free (1st Year). HDFC SKY lists account opening charges of Free and Demat AMC of Rs.300 per Year (1st Year Free).

Sharekhan vs HDFC SKY — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — Sharekhan and HDFC SKY

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

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