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
IIFL CapitalSEBI INZ000164132
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹250/yr + GST
- SME IPOs
- Not stated
- Delivery brokerage
- 0.25%
- Cost to sell ₹15,000 of IPO shares
- ₹73.75Brokerage and DP with GST, ours
Where HDFC Securities (HDFC Sky) and IIFL Capital differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | HDFC Securities (HDFC Sky) | IIFL Capital |
|---|---|---|
| One mainboard lot, ₹15,000₹26.55 less at HDFC Securities (HDFC Sky) | ₹47.20 | ₹73.75 |
| Two SME lots, ₹2,50,000₹719.80 less at HDFC Securities (HDFC Sky) | ₹47.20 | ₹767.00 |
| A year: 12 mainboard lots sold₹318.60 less at HDFC Securities (HDFC Sky) | ₹566.40 | ₹885.00 |
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 the first year, then ₹20 a month plus GST at HDFC Securities (HDFC Sky), ₹0 in the first year, then ₹250 plus GST a year at IIFL Capital.
- Equity delivery brokerage: ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky), 0.25% at IIFL Capital.
- DP charge on selling shares: ₹20 per scrip at HDFC Securities (HDFC Sky), ₹25 plus GST per scrip at IIFL Capital.
- SME IPOs: Yes. HDFC Sky says you can apply for SME IPOs in one click at HDFC Securities (HDFC Sky), not stated at IIFL Capital.
The same at both: account opening and Mainboard IPOs.
HDFC Securities (HDFC Sky) vs IIFL Capital: charges side by side
Differs 5 of 7 charges differ between HDFC Securities (HDFC Sky) and IIFL Capital. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | HDFC Securities (HDFC Sky) | IIFL Capital |
|---|---|---|
| Open an account | ||
| Account opening | Free | ₹0 |
| 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, then ₹250 plus GST a year |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on HDFC Sky | Yes |
| SME IPOs | Yes. HDFC Sky says you can apply for SME IPOs in one click | Not stated on the pages we checked |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 2.5% per order, whichever is lower | 0.25% |
| DP charge on selling shares | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) | ₹25 plus GST per scrip |
| Registration | ||
| SEBI registration | INZ000186937 | INZ000164132 |
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 IIFL Capital pages.
HDFC Securities (HDFC Sky) and IIFL Capital 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.
IIFL Capital
Strengths
- Full-service support
- Lower AMC
Worth checking
- Percentage brokerage on delivery
0.25% with no cap: ₹37.50 on a ₹15,000 sale.
- DP charge
₹25 plus GST per sale.
- System square-off
₹100 per order.
Brokerage calculator: HDFC Securities (HDFC Sky) vs IIFL Capital
| Charge | HDFC Securities (HDFC Sky) | IIFL Capital |
|---|
Ours, with NSE rates. Change the trade to see what HDFC Securities (HDFC Sky) and IIFL Capital would each charge.
Other comparisons
Every comparison with HDFC Securities (HDFC Sky) or IIFL Capital, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, HDFC Securities (HDFC Sky) or IIFL Capital?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹47.20 in broker charges at HDFC Securities (HDFC Sky) and ₹73.75 at IIFL Capital (our calculation). For two SME lots worth ₹2,50,000: HDFC Securities (HDFC Sky) ₹47.20, IIFL Capital ₹767.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between HDFC Securities (HDFC Sky) and IIFL Capital be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, HDFC Securities (HDFC Sky) costs ₹318.60 less in broker charges (our calculation). Add the yearly AMC: HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST; IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
Can I apply for SME IPOs on HDFC Securities (HDFC Sky) and IIFL Capital?
HDFC Securities (HDFC Sky) lets you apply for SME IPOs; IIFL Capital does not say so on the pages we checked.
What is the demat AMC at HDFC Securities (HDFC Sky) and IIFL Capital?
HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST. IIFL Capital: ₹0 in the first year, then ₹250 plus GST a year.
What brokerage do HDFC Securities (HDFC Sky) and IIFL Capital 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 HDFC Securities (HDFC Sky) and ₹44.25 at IIFL Capital (our calculation from their published rates).