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
Mirae Asset SharekhanSEBI INZ000171337
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹400/yr
- SME IPOs
- Not stated
- Delivery brokerage
- 0.30%
- Cost to sell ₹15,000 of IPO shares
- ₹53.10Brokerage and DP with GST, ours
Where HDFC Securities (HDFC Sky) and Mirae Asset Sharekhan differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | HDFC Securities (HDFC Sky) | Mirae Asset Sharekhan |
|---|---|---|
| One mainboard lot, ₹15,000₹5.90 less at HDFC Securities (HDFC Sky) | ₹47.20 | ₹53.10 |
| Two SME lots, ₹2,50,000₹837.80 less at HDFC Securities (HDFC Sky) | ₹47.20 | ₹885.00 |
| A year: 12 mainboard lots sold₹70.80 less at HDFC Securities (HDFC Sky) | ₹566.40 | ₹637.20 |
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.
- Demat maintenance (AMC): ₹0 for the first year, then ₹20 a month plus GST at HDFC Securities (HDFC Sky), ₹400 a year, free for the first year at Mirae Asset Sharekhan.
- Equity delivery brokerage: ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky), 0.30% of trade value at Mirae Asset Sharekhan.
- DP charge on selling shares: ₹20 per scrip at HDFC Securities (HDFC Sky), Nil when sold through Mirae Asset Sharekhan at Mirae Asset Sharekhan.
- SME IPOs: Yes. HDFC Sky says you can apply for SME IPOs in one click at HDFC Securities (HDFC Sky), not stated at Mirae Asset Sharekhan.
The same at both: account opening and Mainboard IPOs.
HDFC Securities (HDFC Sky) vs Mirae Asset Sharekhan: charges side by side
Differs 5 of 7 charges differ between HDFC Securities (HDFC Sky) and Mirae Asset Sharekhan. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | HDFC Securities (HDFC Sky) | Mirae Asset Sharekhan |
|---|---|---|
| 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) | ₹400 a year, free for the first 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 | 0.30% of trade value (minimum 1 paisa a share) |
| DP charge on selling shares | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) | Nil when sold through Mirae Asset Sharekhan |
| Registration | ||
| SEBI registration | INZ000186937 | INZ000171337 |
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 Mirae Asset Sharekhan pages.
HDFC Securities (HDFC Sky) and Mirae Asset Sharekhan 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.
Mirae Asset Sharekhan
Strengths
- No DP charge on sales
- Free call and trade
- Research and branches
Worth checking
- Percentage brokerage on delivery
0.30% with no cap: ₹45 on a ₹15,000 sale.
- Options per lot
₹39 per lot each side.
- MTF at 18%
Margin trading interest is 18% a year.
Brokerage calculator: HDFC Securities (HDFC Sky) vs Mirae Asset Sharekhan
Other comparisons
Every comparison with HDFC Securities (HDFC Sky) or Mirae Asset Sharekhan, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, HDFC Securities (HDFC Sky) or Mirae Asset Sharekhan?
Selling one mainboard lot of IPO shares (₹15,000) costs ₹47.20 in broker charges at HDFC Securities (HDFC Sky) and ₹53.10 at Mirae Asset Sharekhan (our calculation). For two SME lots worth ₹2,50,000: HDFC Securities (HDFC Sky) ₹47.20, Mirae Asset Sharekhan ₹885.00 (our calculation, brokerage and DP charge with GST).
How much would the difference between HDFC Securities (HDFC Sky) and Mirae Asset Sharekhan be over a year?
If you sell 12 mainboard lots of ₹15,000 in a year, HDFC Securities (HDFC Sky) costs ₹70.80 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; Mirae Asset Sharekhan: ₹400 a year, free for the first year.
Can I apply for SME IPOs on HDFC Securities (HDFC Sky) and Mirae Asset Sharekhan?
HDFC Securities (HDFC Sky) lets you apply for SME IPOs; Mirae Asset Sharekhan does not say so on the pages we checked.
What is the demat AMC at HDFC Securities (HDFC Sky) and Mirae Asset Sharekhan?
HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST. Mirae Asset Sharekhan: ₹400 a year, free for the first year.
What brokerage do HDFC Securities (HDFC Sky) and Mirae Asset Sharekhan 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 ₹53.10 at Mirae Asset Sharekhan (our calculation from their published rates).