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
ProStocksSEBI INZ000048660
- Account opening
- ₹0
- Demat AMC
- ₹0 (₹1,000 deposit)
- SME IPOs
- Not stated
- Delivery brokerage
- ₹0
- Cost to sell ₹15,000 of IPO shares
- ₹23.60Brokerage and DP with GST, ours
Where HDFC Securities (HDFC Sky) and ProStocks differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | HDFC Securities (HDFC Sky) | ProStocks |
|---|---|---|
| One mainboard lot, ₹15,000₹23.60 less at ProStocks | ₹47.20 | ₹23.60 |
| Two SME lots, ₹2,50,000₹23.60 less at ProStocks | ₹47.20 | ₹23.60 |
| A year: 12 mainboard lots sold₹283.20 less at ProStocks | ₹566.40 | ₹283.20 |
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), No fee listed at ProStocks.
- Demat maintenance (AMC): ₹0 for the first year, then ₹20 a month plus GST at HDFC Securities (HDFC Sky), None at ProStocks.
- Equity delivery brokerage: ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky), ₹0 at ProStocks.
- Mainboard IPOs: Yes, on HDFC Sky at HDFC Securities (HDFC Sky), not stated at ProStocks.
- SME IPOs: Yes. HDFC Sky says you can apply for SME IPOs in one click at HDFC Securities (HDFC Sky), not stated at ProStocks.
The same at both: dP charge on selling shares.
HDFC Securities (HDFC Sky) vs ProStocks: charges side by side
Differs 6 of 7 charges differ between HDFC Securities (HDFC Sky) and ProStocks. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | HDFC Securities (HDFC Sky) | ProStocks |
|---|---|---|
| Open an account | ||
| Account opening | Free | No fee listed (online application) |
| Demat maintenance (AMC) | ₹0 for the first year, then ₹20 a month plus GST (basic services demat accounts under ₹50,000: ₹0) | None; ₹1,000 refundable demat deposit |
| 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 | ₹0 (flat fee plan) |
| DP charge on selling shares | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) | ₹20 per scrip plus 18% GST |
| Registration | ||
| SEBI registration | INZ000186937 | INZ000048660 |
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 ProStocks pages.
HDFC Securities (HDFC Sky) and ProStocks 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.
ProStocks
Strengths
- ₹0 delivery brokerage
- No AMC
- Cheap dealer orders
Worth checking
- Refundable deposit
₹1,000 demat deposit.
- IPO access not stated
The pricing page does not mention IPO applications.
Brokerage calculator: HDFC Securities (HDFC Sky) vs ProStocks
| Charge | HDFC Securities (HDFC Sky) | ProStocks |
|---|
Ours, with NSE rates. Change the trade to see what HDFC Securities (HDFC Sky) and ProStocks would each charge.
Other comparisons
Every comparison with HDFC Securities (HDFC Sky) or ProStocks, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, HDFC Securities (HDFC Sky) or ProStocks?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹23.60 in broker charges at ProStocks and ₹47.20 at HDFC Securities (HDFC Sky) (our calculation). For two SME lots worth ₹2,50,000: HDFC Securities (HDFC Sky) ₹47.20, ProStocks ₹23.60 (our calculation, brokerage and DP charge with GST).
How much would the difference between HDFC Securities (HDFC Sky) and ProStocks be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, ProStocks costs ₹283.20 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; ProStocks: None.
Can I apply for SME IPOs on HDFC Securities (HDFC Sky) and ProStocks?
HDFC Securities (HDFC Sky) lets you apply for SME IPOs; ProStocks does not say so on the pages we checked.
Is account opening free at HDFC Securities (HDFC Sky) and ProStocks?
HDFC Securities (HDFC Sky): Free. ProStocks: No fee listed.
What is the demat AMC at HDFC Securities (HDFC Sky) and ProStocks?
HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST. ProStocks: None.