HDFC SKY Review – Charges, Trading Platforms, Demat Account, Offers & more

Find out about HDFC SKY Review here. Start your journey of smart investing with this new discount broker. HDFC Sky, a subsidiary of HDFC Securities, started its journey in 2023.

From retail investors to institutional clients, the stock broker have achieved positive reviews since the year of inception.

Backed by a strong group like HDFC, HDFC Sky charges are quite competitive, and it has helped to achieve 50,000 clients in the last 1 year.

Also, the brokerage house has a 5 lakh client base milestone in FY 23.

Why Trade or Invest with HDFC Sky?

When opening the HDFC Sky Account, you might wonder what benefits you can avail of by opening the Demat account with the company.

Below-discussed are a few reasons for you to trade or invest with HDFC Sky:

• You can open a Demat account with HDFC Sky for free.
• Clients can trade in the stocks of 3,500+ listed firms, 100+ exchange-traded funds, and 2,000+ mutual funds across multiple sectors.
• The company allows you to invest in 500+ overseas organizations if you are interested in international equity. In addition, it facilitates buying and selling in small qualities with fractional investing.
• The brokerage house’s new generation app enables investors to craft their saving strategy by providing in-depth market analysis.

Since HDFC Sky is new to the brokership industry, it has developed a transparent, low-cost, standard brokerage structure to attract more clients.

Let’s discuss the HDFC Sky Brokerage charges in detail:

• You will be happy to know that the firm has no subscription charges.
• Equity delivery, intraday, future, commodity future, and currency future segments are charged at Rs. 20 per order or 0.01%, whichever is lower.
• Equity, commodity, and currency options are charged for flat Rs. 20 for each order.

HDFC Sky Calculator

Calculate Brokerage Charges of HDFC Sky.

How Do You Open an HDFC Sky Demat Account?

You can open the HDFC Sky Demat Account by following these steps:

1. Enter the details as asked by the “Open Demat Account” form on your device’s screen.
2. After filling in the form, submit it.
3. Wait for HDFC Sky’s executive’s call for a day or two. They will guide you on the necessary documents and other requirements to set up a Demat account.
4. Opening a Demat account with HDFC Sky doesn’t involve fund transfers.
5. You must upload the vital documents and wait till the KYC is conducted.
6. Once KYC is complete, the company will share your dashboard (account) details and login credentials.

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HDFC Sky is a new-age discount broker offering almost all types of trading platforms investors need for seamless investing and trading.

Regarding HDFC Sky Review, regarding trading platforms and tools, you can access an all-in-one app, foreign stocks, basket trading, mutual fund investment, and bonds investment platform.

All these platforms are easy to use, and investors can capitalize on their features to make profitable investments domestically and internationally.

HDFC Sky offers a mobile app and web platform to help small to large or individual to institutional investors and traders.

Unlike the HDFC Securities app and web platform only HDFC customers can access, the HDFC Sky app and website are open to all investors and traders. The best part is that both platforms are free to use.

Let’s take a quick look at the company’s trading platforms and their top features:

HDFC Sky App

HDFC Sky has recently launched an all-in-one HDFC Sky App. This mobile app can be used on Android or iOS devices by investors and traders of all experience levels to achieve their financial goals by participating seamlessly in the financial markets.

The primary purpose of this mobile app is to simplify the complex world of investing, especially when investors have many investment options in the market.

The following discussed are the exceptional features of the HDFC Sky application:

• The mobile app lets you invest in Indian stocks, US securities, currencies, commodities, mutual funds, IPOs, futures, and options on a single fintech platform.
• You can benefit from the app’s simple and transparent fee structures as it’s easy to understand transaction costs.
• Lightning-fast execution with quick trades is a unique feature of the HDFC Sky app.
• Investors can access smart dashboards and stay updated about the Indian and global financial markets. Moreover, the app offers extensive fundamental and technical research reports, real-time market statistics, option chains, stock market news and events, and other features.
• The application focuses only on trading with zero downtime.
• You can diversify your investment portfolio with baskets.
• The company data security when navigating the app to invest or trade.
• Through its Kart feature, investors can place advanced complex orders, from bracket orders (BO) to One-cancel orders (COO).
• Market movers feature tracks most-active, 52-week high and low stocks, and you can access advanced charting and 100+ technical indicators.
• The app is integrated into the back office, providing a complete portfolio summary and reports.

HDFC Sky Web

HDFC Sky allows investors and traders to trade online via a browser-compatible trading website. You don’t have to install any app or software to access the web platform.

Instead, you can use your login credentials to log in to your trading account on any web browser like Firefox, Chrome, or Safari.

The following discussed are the exceptional features of the HDFC Sky web trading platform:

• HDFC Sky’s website allows investors to trade or invest in several domestic and international assets on the BSE, MCX, NSE, and global stock exchanges.
• You can access charts, including bars, lines, area, candlesticks, hollow candles, and baseline. These charts will show you the essential figures of different securities.
• To spot market trends, you can view 100+ technical indicators such as MACD, RSI, etc.
• HDFC Sky web trading platform displays multiple chart timeframes from 1 minute to 1 month.
• Investors can track historical price charts to intraday charts of varying periods.
• In addition, the trading platform features Tradingview and ChartIQ charting library.

In this section, we will cover what HDFC Sky offers you can avail of by trading with the company:

• Free account opening and maintenance charges from the date of opening the account,
• The brokerage house charges a flat brokerage of Rs. 20 per order, which is quite affordable.
• You can view and analyze research reports to make informed investment decisions.
• You can earn extra bucks by offering Rs. 200 on referring a new client.
• You can call the company for trading without paying a single penny.
• HDFC Sky offers margin funding or pledging.

HDFC Sky SWOT Analysis

Check out the detailed SWOT Analysis on HDFC Sky.

Strength

• HDFC Sky facilitates free and instant paperless Demat account opening.
• Investors can invest in domestic and foreign stocks.
• The brokerage house charges the lowest brokerage fee of Rs. 20 for each order.
• It offers two new-age trading platforms- an all-in-one mobile app and website, allowing you to trade at your convenience.
• You can access a free subscription plan.

Weakness

• HDFC Sky doesn’t offer algo trading and a digital gold investment platform.
• Delivery trading is not free of charge.
• You can’t leverage happy trading hours.

Opportunities

• The company can improve its technological support by offering desktop trading software.
• It can increase its customer base by providing free brokerage.
• Introducing digital gold investment products in the product line can attract more clients.

Threat

• Most people prefer investing in traditional securities like gold and fixed deposits, especially in India.
• Established brokerage houses like Angel One, Zerodha, or Upstox increase competition levels.
• Inconsistent SEBI regulations result in an uncertain financial market.

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An individual with the HDFC Sky Trading Account can leverage the following research services to make profitable investments:

• Fundamental and research reports are available for investors ready to pay.
• Company and annual reports help investors know more about HDFC Sky and its financial performance.
• You can analyze the IPO reports to understand the upcoming IPOs and determine which IPO can be profitable to invest in.
• In addition to these reports, you can ask for stock tips and market reviews to stay updated in real-time.

In this section, you will learn what HDFC Sky Margin or leverage you can access when trading with the company:

• Depending on the chosen stocks, Investors can avail up to 5 times the margin or leverage on equity intraday.
• You can access up to 1 times margin or leverage on equity delivery, equity F&O carry forward, and currency F&O.
• For the remaining asset categories, including equity and commodity F&O intraday, the margin can be around 1.3 times.

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HDFC Sky understands the importance of customer support in today’s era, where customers are more aware. Therefore, they provide free trading support and access to a dedicated dealer.

Moreover, you can access HDFC Sky Customer Care support by calling the support desk at 022-68494702.

Alternatively, you can also email the company at investmentadvisers@hdfcsec.com with your queries.

Since you are trading with the new-age brokerage house, you can expect online customer support via the website, Facebook, and Twitter.

Knowing the statistics of HDFC Sky Complaints can help you better understand how seriously the firm takes its clients’ complaints and feedback.

The latest figures show that the brokerage house received six complaints, and all of them were resolved. Therefore, HDFC Sky’s ratio of resolved complaints is 100%.

Additionally, since there were zero non-actionable complaints, the percentage for the same is 0%.

HDFC Sky Charges

In addition to the above-discussed brokerage charges, HDFC Sky levies the following charges.

Account opening charges: As discussed above, there are no HDFC Sky Account Opening Charges but annual maintenance charges of Rs. 300 annually.

You should know that AMC is free for the first year after opening the account.

STT & CTT charges involve transaction taxes and other charges ranging from 0.0125% to 0.1% on different asset classes.

Stamp duty charges: As you can see in the table, stamp duty charges for equity delivery are 0.015% on the buy side, and for commodity options are 0.002% on the buy side.

Transaction charges: You need to pay these charges to complete your transaction. For equity delivery, the transaction charges range between 0.00350% (NSE) and 0.00375% (BSE).

Transaction charges for currency options can be 0.035% (NSE) and 0.001% (BSE).

Hidden charges: The HDFC Sky Hidden Charges include DP charges of Rs. 20 for each scrip on the sell side, GST, SEBI turnover, dematerialization, and call & trade charges.

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HDFC Sky Review – Conclusion

HDFC Sky, the brainchild of HDFC securities- is a competitive discount brokerage house that allows investors to trade in return for reasonable brokerage charges.

The firm offers multiple investment options, including Indian equities, fixed-income instruments, mutual funds, and ETFs.

In addition, you can invest in US companies’ securities to diversify your investment portfolio.

Besides attractive investment options, it facilitates traders with new-age technological platforms for a seamless trading experience.

We hope this HDFC Sky Review has covered all the necessary details to understand the brokerage house and make the investment decision accordingly.

FAQs on HDFC Sky Review

Check out various FAQs related to HDFC Sky Review here.

Is HDFC Sky a Safe Broker?

HDFC is a SEBI-registered broker, allowing traders to trade safely on BSE, MCX, NSE, and other international stock exchanges.

Is HDFC Sky Good for Beginners?

HDFC Sky charges a reasonable brokerage of Rs. 20 per order, making it a good choice for beginners.

How many active clients does HDFC Sky have?

HDFC Sky is catering to over 50,000 active clients nationwide.

Who is the Founder of HDFC Sky?

Dhiraj Relli is the man behind the foundation of the HDFC Sky.

Does HDFC Sky provide Free Delivery Trading?

No, HDF Sky doesn’t provide free delivery trading. It charges Rs. 20 per order or 0.01%, whichever is low.

What are Intraday Trading Charges in HDFC Sky?

HDFC Sky asks for a lower amount from the two- Rs. 20 per order or 0.01% for intraday trading.

What are HDFC Sky F&O Charges?

HDFC Sky asks for Rs. 20 per order or 0.01%, the lower amount, for trading in the equity future. On the other hand, the charges for the equity option are flat Rs. 20 per order.

Does HDFC Sky charge for Commodity Trading?

Yes, HDFC Sky charges for the commodity future and option trading. It levies Rs. 20 per order or 0.01%, the lower amount, for trading in the commodity future.

On the other hand, the charges for the commodity option are flat Rs. 20 per order.

Does HDFC Sky charge for Currency Trading?

Yes, HDFC charges for currency future and option trading. It levies Rs. 20 per order or 0.01%, the lower amount, for trading in the currency future.

On the other hand, the charges for the currency option are flat Rs. 20 per order.

Does HDFC Sky provide research?

Yes, HDFC Sky offers research support to investors who are ready to pay for the same. The company provides fundamental, company, annual, technical, and other types of research reports.

How do you contact HDFC Sky Customer Care?

You can contact HDFC Sky’s customer support desk by calling 022-68494702 or emailing investmentadvisers@hdfcsec.com.

Moreover, you can access a website, Facebook, and Twitter page for customer support.

How much is AMC in HDFC Sky?

The annual maintenance charges for the HDFC SKY Demat account are zero for the first year after opening the account. After one year, you must pay Rs. 300 each year.

What are Account Opening Fees in HDFC Sky?

You can open HDFC Sky trading and Demat accounts for free.

What are Pledge Creation Charges in HDFC Sky?

The pledge creation charges in HDFC Sky are Rs. 20 for each request.

How Much are Pledge Invocation Fees in HDFC Sky?

The pledge invocation fee in HDFC Sky is Rs. 20 for each request.

Does HDFC Sky levy any Interest on Margin Trade Funding?

Yes, HDFC Sky levies 0.075% daily as interest on margin trade funding.

What are DP Charges in HDFC Sky?

The DP Charges in HDFC Sky are Rs. 20 for each scrip on the sell side.

Does HDFC Sky levy any Account Closure Fees?

No, you can close the HDFC Sky Demat account without paying a single penny.

What are Account Reactivation fees in HDFC Sky?

There is no account reactivation fee in HDFC Sky.

What are Call & Trade Charges in HDFC Sky?

You must pay Rs. 20 for each call and trade in HDFC Sky.