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
ICICI DirectSEBI INZ000183631
- Account opening
- ₹0 to ₹975
- Demat AMC
- ₹0 year 1, then ₹700/yr
- SME IPOs
- Yes
- Delivery brokerage
- Depends on plan
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where HDFC Securities (HDFC Sky) and ICICI Direct differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | HDFC Securities (HDFC Sky) | ICICI Direct |
|---|---|---|
| One mainboard lot, ₹15,000Difference not worked out: a charge is not published | ₹47.20 | Not published |
| Two SME lots, ₹2,50,000Difference not worked out: a charge is not published | ₹47.20 | Not published |
| A year: 12 mainboard lots soldDifference not worked out: a charge is not published | ₹566.40 | Not published |
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.
- Account opening: Free at HDFC Securities (HDFC Sky), ₹0 to ₹975, depending on the account type at ICICI Direct.
- Demat maintenance (AMC): ₹0 for the first year, then ₹20 a month plus GST at HDFC Securities (HDFC Sky), ₹0 in the first year, ₹700 plus taxes from the second year at ICICI Direct.
- Equity delivery brokerage: ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky), Depends on the plan at ICICI Direct.
- DP charge on selling shares: ₹20 per scrip at HDFC Securities (HDFC Sky), not stated at ICICI Direct.
The same at both: mainboard IPOs and SME IPOs.
HDFC Securities (HDFC Sky) vs ICICI Direct: charges side by side
Differs 5 of 7 charges differ between HDFC Securities (HDFC Sky) and ICICI Direct. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | HDFC Securities (HDFC Sky) | ICICI Direct |
|---|---|---|
| Open an account | ||
| Account opening | Free | ₹0 to ₹975, depending on the account type |
| Demat maintenance (AMC) | ₹0 for the first year, then ₹20 a month plus GST (basic services demat accounts under ₹50,000: ₹0) | ₹0 in the first year, ₹700 plus taxes from the second year |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on HDFC Sky | Yes, on ICICI Direct with UPI, or through ICICI Bank net banking (ASBA) |
| SME IPOs | Yes. HDFC Sky says you can apply for SME IPOs in one click | Yes, the SME IPO page links to applying through UPI |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 2.5% per order, whichever is lower | Depends on the plan; not stated on the page we checked. Prime plans say "as low as 0.07%" |
| DP charge on selling shares | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) | Not stated on the pages we checked |
| Registration | ||
| SEBI registration | INZ000186937 | INZ000183631 |
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 HDFC Securities (HDFC Sky) and ICICI Direct pages.
HDFC Securities (HDFC Sky) and ICICI Direct strengths and things worth checking
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.
ICICI Direct
Strengths
- Bank-linked
- ₹0 futures brokerage on Neo
Worth checking
- Higher AMC
₹700 plus taxes a year from the second year.
- Account opening fee
Up to ₹975, depending on the account type.
- Delivery and DP charges not on the page
Ask ICICI Direct for the delivery brokerage and DP charge on your plan before you sell IPO shares.
Brokerage calculator: HDFC Securities (HDFC Sky) vs ICICI Direct
| Charge | HDFC Securities (HDFC Sky) | ICICI Direct |
|---|
Ours, with NSE rates. Change the trade to see what HDFC Securities (HDFC Sky) and ICICI Direct would each charge.
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Every comparison with HDFC Securities (HDFC Sky) or ICICI Direct, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, HDFC Securities (HDFC Sky) or ICICI Direct?
ICICI Direct does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. For two SME lots worth ₹2,50,000: HDFC Securities (HDFC Sky) ₹47.20, ICICI Direct Not published (our calculation, brokerage and DP charge with GST).
How much would the difference between HDFC Securities (HDFC Sky) and ICICI Direct be over a year?
Not in full, because ICICI Direct does not publish its DP charge.
Can I apply for SME IPOs on HDFC Securities (HDFC Sky) and ICICI Direct?
Both let you apply for SME IPOs.
Is account opening free at HDFC Securities (HDFC Sky) and ICICI Direct?
HDFC Securities (HDFC Sky): Free. ICICI Direct: ₹0 to ₹975, depending on the account type.
What is the demat AMC at HDFC Securities (HDFC Sky) and ICICI Direct?
HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST. ICICI Direct: ₹0 in the first year, ₹700 plus taxes from the second year.