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
JainamSEBI INZ000198735
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20 (DIY) or 0.4%
- Cost to sell ₹15,000 of IPO shares
- ₹44.84Brokerage and DP with GST, ours
Where HDFC Securities (HDFC Sky) and Jainam differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | HDFC Securities (HDFC Sky) | Jainam |
|---|---|---|
| One mainboard lot, ₹15,000₹2.36 less at Jainam | ₹47.20 | ₹44.84 |
| Two SME lots, ₹2,50,000₹2.36 less at Jainam | ₹47.20 | ₹44.84 |
| A year: 12 mainboard lots sold₹28.32 less at Jainam | ₹566.40 | ₹538.08 |
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), not stated at Jainam.
- Equity delivery brokerage: ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky), DIY: ₹20 per order at Jainam.
- DP charge on selling shares: ₹20 per scrip at HDFC Securities (HDFC Sky), DIY: ₹18 per scrip at Jainam.
- Mainboard IPOs: Yes, on HDFC Sky at HDFC Securities (HDFC Sky), not stated at Jainam.
- SME IPOs: Yes. HDFC Sky says you can apply for SME IPOs in one click at HDFC Securities (HDFC Sky), not stated at Jainam.
The same at both: account opening.
HDFC Securities (HDFC Sky) vs Jainam: charges side by side
Differs 6 of 7 charges differ between HDFC Securities (HDFC Sky) and Jainam. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | HDFC Securities (HDFC Sky) | Jainam |
|---|---|---|
| Open an account | ||
| Account opening | Free | ₹0 online |
| Demat maintenance (AMC) | ₹0 for the first year, then ₹20 a month plus GST (basic services demat accounts under ₹50,000: ₹0) | Not stated on the pages we checked |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, on HDFC Sky | Not stated on the pages we checked |
| 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 | DIY: ₹20 per order; Premium: 0.4% |
| DP charge on selling shares | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) | DIY: ₹18 per scrip; Premium: ₹25 per request plus GST |
| Registration | ||
| SEBI registration | INZ000186937 | INZ000198735 |
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 Jainam pages.
HDFC Securities (HDFC Sky) and Jainam 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.
Jainam
Strengths
- Two plans
Worth checking
- Premium delivery is 0.4%
₹60 on a ₹15,000 sale on the Premium plan. Our calculator uses the DIY plan.
- DIY dealer orders cost ₹70
Plus ₹20 brokerage and GST.
Brokerage calculator: HDFC Securities (HDFC Sky) vs Jainam
| Charge | HDFC Securities (HDFC Sky) | Jainam |
|---|
Ours, with NSE rates. Change the trade to see what HDFC Securities (HDFC Sky) and Jainam would each charge.
Other comparisons
Every comparison with HDFC Securities (HDFC Sky) or Jainam, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, HDFC Securities (HDFC Sky) or Jainam?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹44.84 in broker charges at Jainam and ₹47.20 at HDFC Securities (HDFC Sky) (our calculation). For two SME lots worth ₹2,50,000: HDFC Securities (HDFC Sky) ₹47.20, Jainam ₹44.84 (our calculation, brokerage and DP charge with GST).
How much would the difference between HDFC Securities (HDFC Sky) and Jainam be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, Jainam costs ₹28.32 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; Jainam: not stated.
Can I apply for SME IPOs on HDFC Securities (HDFC Sky) and Jainam?
HDFC Securities (HDFC Sky) lets you apply for SME IPOs; Jainam does not say so on the pages we checked.
What is the demat AMC at HDFC Securities (HDFC Sky) and Jainam?
HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST. Jainam: not stated.
What brokerage do HDFC Securities (HDFC Sky) and Jainam 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 ₹23.60 at Jainam (our calculation from their published rates).