FYERSSEBI INZ000008524
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 or 0.3%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹38.35Brokerage 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 FYERS and HDFC Securities (HDFC Sky) differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | FYERS | HDFC Securities (HDFC Sky) |
|---|---|---|
| One mainboard lot, ₹15,000₹8.85 less at FYERS | ₹38.35 | ₹47.20 |
| Two SME lots, ₹2,50,000₹8.85 less at FYERS | ₹38.35 | ₹47.20 |
| A year: 12 mainboard lots sold₹106.20 less at FYERS | ₹460.20 | ₹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): ₹0 for trading and demat accounts at FYERS, ₹0 for the first year, then ₹20 a month plus GST at HDFC Securities (HDFC Sky).
- Equity delivery brokerage: ₹20 or 0.3% per executed order, whichever is lower at FYERS, ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky).
- DP charge on selling shares: ₹12.50 plus GST per scrip at FYERS, ₹20 per scrip at HDFC Securities (HDFC Sky).
- SME IPOs: The help page lists applications by type at FYERS, Yes. HDFC Sky says you can apply for SME IPOs in one click at HDFC Securities (HDFC Sky).
The same at both: account opening and Mainboard IPOs.
FYERS vs HDFC Securities (HDFC Sky): charges side by side
Differs 5 of 7 charges differ between FYERS and HDFC Securities (HDFC Sky). Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | FYERS | HDFC Securities (HDFC Sky) |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 | Free |
| Demat maintenance (AMC) | ₹0 for trading and demat accounts | ₹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, on the FYERS web and mobile platforms, with ₹0 brokerage | Yes, on HDFC Sky |
| SME IPOs | The help page lists applications by type (mainboard or SME) in the IPO section | Yes. HDFC Sky says you can apply for SME IPOs in one click |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.3% per executed order, whichever is lower (Prime: ₹15 or 0.3%) | ₹20 or 2.5% per order, whichever is lower |
| DP charge on selling shares | ₹12.50 plus GST per scrip (ISIN) | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) |
| Registration | ||
| SEBI registration | INZ000008524 | INZ000186937 |
For other trading, equity intraday, Futures, Call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the FYERS and HDFC Securities (HDFC Sky) pages.
FYERS and HDFC Securities (HDFC Sky) strengths and things worth checking
FYERS
Strengths
- ₹0 AMC and account opening
- IPO applications free
- Low DP charge
Worth checking
- Brokerage on delivery
Up to ₹20 per order (₹15 on Prime).
- MTF on small amounts
16.49% a year on funding up to ₹1 lakh.
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: FYERS vs HDFC Securities (HDFC Sky)
| Charge | FYERS | HDFC Securities (HDFC Sky) |
|---|
Ours, with NSE rates. Change the trade to see what FYERS and HDFC Securities (HDFC Sky) would each charge.
Other comparisons
Every comparison with FYERS or HDFC Securities (HDFC Sky), or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, FYERS or HDFC Securities (HDFC Sky)?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹38.35 in broker charges at FYERS and ₹47.20 at HDFC Securities (HDFC Sky) (our calculation). For two SME lots worth ₹2,50,000: FYERS ₹38.35, HDFC Securities (HDFC Sky) ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between FYERS and HDFC Securities (HDFC Sky) be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, FYERS costs ₹106.20 less in broker charges (our calculation). Add the yearly AMC: FYERS: ₹0 for trading and demat accounts; HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST.
Can I apply for SME IPOs on FYERS and HDFC Securities (HDFC Sky)?
HDFC Securities (HDFC Sky) lets you apply for SME IPOs; FYERS does not say so on the pages we checked.
What is the demat AMC at FYERS and HDFC Securities (HDFC Sky)?
FYERS: ₹0 for trading and demat accounts. HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST.
What brokerage do FYERS 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 ₹23.60 at FYERS and ₹23.60 at HDFC Securities (HDFC Sky) (our calculation from their published rates).