Angel OneSEBI INZ000161534
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
HDFC Securities (HDFC Sky)SEBI INZ000186937
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 2.5%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
Where Angel One and HDFC Securities (HDFC Sky) differ
4 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Angel One | HDFC Securities (HDFC Sky) |
|---|---|---|
| One mainboard lot, ₹15,000₹5.90 less at Angel One | ₹41.30 | ₹47.20 |
| Two SME lots, ₹2,50,000Same at both | ₹47.20 | ₹47.20 |
| A year: 12 mainboard lots sold₹70.80 less at Angel One | ₹495.60 | ₹566.40 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Demat maintenance (AMC): Free in the first year, then ₹60 a quarter plus GST, charged after the… at Angel One, ₹0 for the first year, then ₹20 a month plus GST at HDFC Securities (HDFC Sky).
- Equity delivery brokerage: ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 at Angel One, ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky).
- DP charge on selling shares: ₹20 plus GST per scrip at Angel One, ₹20 per scrip at HDFC Securities (HDFC Sky).
The same at both: account opening, Mainboard IPOs and SME IPOs.
Angel One vs HDFC Securities (HDFC Sky): charges side by side
Differs 4 of 7 charges differ between Angel One and HDFC Securities (HDFC Sky). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Angel One | HDFC Securities (HDFC Sky) |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for residents | Free |
| Demat maintenance (AMC) | Free in the first year, then ₹60 a quarter plus GST, charged after the first trade in a quarter | ₹0 for the first year, then ₹20 a month plus GST (basic services demat accounts under ₹50,000: ₹0) |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the IPO section of the app with a UPI mandate | Yes, on HDFC Sky |
| SME IPOs | Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME shares can be sold from the app | Yes. HDFC Sky says you can apply for SME IPOs in one click |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 | ₹20 or 2.5% per order, whichever is lower |
| DP charge on selling shares | ₹20 plus GST per scrip (₹3.50 CDSL and ₹16.50 Angel One; ₹3.25 and ₹16.75 for women) | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000161534 | INZ000186937 |
For other trading, equity intraday, Futures and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Angel One and HDFC Securities (HDFC Sky) pages.
Angel One and HDFC Securities (HDFC Sky) strengths and things worth checking
Angel One
Strengths
- Free first month
- Cheaper dealer orders
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹60 a quarter plus GST (₹240 a year plus GST) for a regular demat account.
- Brokerage and DP charge on delivery
Up to ₹20 per order plus a ₹20 plus GST DP charge when you sell.
HDFC Securities (HDFC Sky)
Strengths
- Flat ₹20 cap
- SME IPOs
- ₹0 account opening
Worth checking
- AMC after year one
₹20 a month plus GST from the second year.
- Two MTF rates published
The pricing page says 1% a month and the support page says 15% a year. Confirm before you use margin funding.
- DP charge
₹20 per sale.
Brokerage calculator: Angel One vs HDFC Securities (HDFC Sky)
| Charge | Angel One | HDFC Securities (HDFC Sky) |
|---|
Ours, with NSE rates. Change the trade to see what Angel One and HDFC Securities (HDFC Sky) would each charge.
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Every comparison with Angel One or HDFC Securities (HDFC Sky), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Angel One or HDFC Securities (HDFC Sky)?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹41.30 in broker charges at Angel One and ₹47.20 at HDFC Securities (HDFC Sky) (our calculation). For two SME lots worth ₹2,50,000: Angel One ₹47.20, HDFC Securities (HDFC Sky) ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Angel One and HDFC Securities (HDFC Sky) be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Angel One costs ₹70.80 less in broker charges (our calculation). Add the yearly AMC: Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…; HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST.
Can I apply for SME IPOs on Angel One and HDFC Securities (HDFC Sky)?
Both let you apply for SME IPOs.
What is the demat AMC at Angel One and HDFC Securities (HDFC Sky)?
Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…. HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST.
What brokerage do Angel One and HDFC Securities (HDFC Sky) charge when I sell IPO shares?
Selling allotted shares is a delivery trade. On a ₹15,000 sale the brokerage with GST is ₹17.70 at Angel One and ₹23.60 at HDFC Securities (HDFC Sky) (our calculation from their published rates).