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
RupeezySEBI INZ000187932
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Not stated
- Delivery brokerage
- 0.1%
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where HDFC Securities (HDFC Sky) and Rupeezy differ
6 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | HDFC Securities (HDFC Sky) | Rupeezy |
|---|---|---|
| One mainboard lot, ₹15,000Brokerage ₹5.90 less at Rupeezy; a DP charge is not published | ₹47.20 | ₹17.70 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Brokerage ₹271.40 less at HDFC Securities (HDFC Sky); a DP charge is not published | ₹47.20 | ₹295.00 brokerage; DP charge not published |
| A year: 12 mainboard lots soldBrokerage ₹70.80 less at Rupeezy; a DP charge is not published | ₹566.40 | ₹212.40 brokerage; DP charge 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.
- Demat maintenance (AMC): ₹0 for the first year, then ₹20 a month plus GST at HDFC Securities (HDFC Sky), Zero AMC for life for accounts opened after 15 Jun 2024 at Rupeezy.
- Equity delivery brokerage: ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky), 0.1% on buy and sell at Rupeezy.
- DP charge on selling shares: ₹20 per scrip at HDFC Securities (HDFC Sky), not stated at Rupeezy.
- Mainboard IPOs: Yes, on HDFC Sky at HDFC Securities (HDFC Sky), not stated at Rupeezy.
- SME IPOs: Yes. HDFC Sky says you can apply for SME IPOs in one click at HDFC Securities (HDFC Sky), not stated at Rupeezy.
The same at both: account opening.
HDFC Securities (HDFC Sky) vs Rupeezy: charges side by side
Differs 6 of 7 charges differ between HDFC Securities (HDFC Sky) and Rupeezy. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | HDFC Securities (HDFC Sky) | Rupeezy |
|---|---|---|
| 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) | Zero AMC for life for accounts opened after 15 Jun 2024 |
| 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 | 0.1% on buy and sell |
| 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 for market sales (₹25 for off-market transfers) |
| Registration | ||
| SEBI registration | INZ000186937 | INZ000187932 |
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 Rupeezy pages.
HDFC Securities (HDFC Sky) and Rupeezy 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.
Rupeezy
Strengths
- Zero AMC
- Lower MTF
Worth checking
- Delivery has no cap
0.1% on each side: ₹15 on a ₹15,000 sale, more on bigger ones.
- DP charge on market sales not stated
Check it before you sell IPO shares.
Brokerage calculator: HDFC Securities (HDFC Sky) vs Rupeezy
| Charge | HDFC Securities (HDFC Sky) | Rupeezy |
|---|
Ours, with NSE rates. Change the trade to see what HDFC Securities (HDFC Sky) and Rupeezy would each charge.
Other comparisons
Every comparison with HDFC Securities (HDFC Sky) or Rupeezy, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, HDFC Securities (HDFC Sky) or Rupeezy?
Rupeezy does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. On brokerage alone, one mainboard lot (₹15,000) costs ₹5.90 less at Rupeezy (our calculation). For two SME lots worth ₹2,50,000: HDFC Securities (HDFC Sky) ₹47.20, Rupeezy ₹295.00 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between HDFC Securities (HDFC Sky) and Rupeezy be over a year?
Not in full, because Rupeezy does not publish its DP charge. On brokerage alone, 12 mainboard lots of ₹15,000 cost ₹70.80 less at Rupeezy (our calculation).
Can I apply for SME IPOs on HDFC Securities (HDFC Sky) and Rupeezy?
HDFC Securities (HDFC Sky) lets you apply for SME IPOs; Rupeezy does not say so on the pages we checked.
What is the demat AMC at HDFC Securities (HDFC Sky) and Rupeezy?
HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST. Rupeezy: Zero AMC for life for accounts opened after 15 Jun 2024.
What brokerage do HDFC Securities (HDFC Sky) and Rupeezy 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 ₹17.70 at Rupeezy (our calculation from their published rates).