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
TradejiniSEBI INZ000160938
- Account opening
- ₹0
- Demat AMC
- Not stated
- SME IPOs
- Not stated
- Delivery brokerage
- ₹20/order
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
Where HDFC Securities (HDFC Sky) and Tradejini differ
5 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | HDFC Securities (HDFC Sky) | Tradejini |
|---|---|---|
| One mainboard lot, ₹15,000Same brokerage at both; a DP charge is not published | ₹47.20 | ₹23.60 brokerage; DP charge not published |
| Two SME lots, ₹2,50,000Same brokerage at both; a DP charge is not published | ₹47.20 | ₹23.60 brokerage; DP charge not published |
| A year: 12 mainboard lots soldSame brokerage at both; a DP charge is not published | ₹566.40 | ₹283.20 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), not stated at Tradejini.
- Equity delivery brokerage: ₹20 or 2.5% per order, whichever is lower at HDFC Securities (HDFC Sky), ₹20 per order at Tradejini.
- DP charge on selling shares: ₹20 per scrip at HDFC Securities (HDFC Sky), not stated at Tradejini.
- SME IPOs: Yes. HDFC Sky says you can apply for SME IPOs in one click at HDFC Securities (HDFC Sky), not stated at Tradejini.
The same at both: account opening and Mainboard IPOs.
HDFC Securities (HDFC Sky) vs Tradejini: charges side by side
Differs 5 of 7 charges differ between HDFC Securities (HDFC Sky) and Tradejini. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | HDFC Securities (HDFC Sky) | Tradejini |
|---|---|---|
| Open an account | ||
| Account opening | Free | Free 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 | Yes, ₹0 commission |
| 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 | ₹20 per order |
| 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 on the pages we checked |
| Registration | ||
| SEBI registration | INZ000186937 | INZ000160938 |
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 Tradejini pages.
HDFC Securities (HDFC Sky) and Tradejini 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.
Tradejini
Strengths
- Flat ₹20
- IPOs free
Worth checking
- AMC and DP charge not on the list of charges
Check them before you open an account.
Brokerage calculator: HDFC Securities (HDFC Sky) vs Tradejini
| Charge | HDFC Securities (HDFC Sky) | Tradejini |
|---|
Ours, with NSE rates. Change the trade to see what HDFC Securities (HDFC Sky) and Tradejini would each charge.
Other comparisons
Every comparison with HDFC Securities (HDFC Sky) or Tradejini, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, HDFC Securities (HDFC Sky) or Tradejini?
Tradejini does not publish its DP charge, so the full cost of selling IPO shares cannot be compared. For two SME lots worth ₹2,50,000: HDFC Securities (HDFC Sky) ₹47.20, Tradejini ₹23.60 brokerage; DP charge not published (our calculation, brokerage and DP charge with GST).
How much would the difference between HDFC Securities (HDFC Sky) and Tradejini be over a year?
Not in full, because Tradejini does not publish its DP charge.
Can I apply for SME IPOs on HDFC Securities (HDFC Sky) and Tradejini?
HDFC Securities (HDFC Sky) lets you apply for SME IPOs; Tradejini does not say so on the pages we checked.
What is the demat AMC at HDFC Securities (HDFC Sky) and Tradejini?
HDFC Securities (HDFC Sky): ₹0 for the first year, then ₹20 a month plus GST. Tradejini: not stated.
What brokerage do HDFC Securities (HDFC Sky) and Tradejini 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 Tradejini (our calculation from their published rates).