Open an account
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
Apply for IPOs
- Mainboard IPOs
- Yes
- SME IPOs
- Yes
Sell your IPO shares
- Delivery brokerage
- ₹20 or 2.5%, lower
- DP charge on a sale
- ₹20 per scrip
- Cost to sell ₹15,000 of IPO shares
- ₹47.20Brokerage and DP with GST, ours
HDFC Securities (HDFC Sky): strengths and things worth checking
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.
Strengths
- Flat ₹20 cap
₹20 or 2.5% per order, whichever is lower, across segments.
- SME IPOs
SME IPOs can be applied for on HDFC Sky.
- ₹0 account opening
Opening an account is free, with no AMC in the first year.
Company and registration
| Company | HDFC Securities Limited |
|---|---|
| SEBI stockbroker registration | INZ000186937 |
| Depository participant | IN-DP-372-2018 |
| Website | hdfcsky.com |
HDFC Securities (HDFC Sky) account opening and AMC charges
| Charge | As published by HDFC Securities (HDFC Sky) |
|---|---|
| Account opening | Free |
| Demat maintenance (AMC) | ₹0 for the first year, then ₹20 a month plus GST (basic services demat accounts under ₹50,000: ₹0) |
HDFC Securities (HDFC Sky) brokerage charges
| Segment | Brokerage |
|---|---|
| Equity deliveryWhen you sell IPO shares | ₹20 or 2.5% per order, whichever is lower |
| Equity intraday | ₹20 or 2.5% per order, whichever is lower |
| Futures (equity, currency, commodity) | ₹20 or 2.5% per order, whichever is lower |
| Options (equity, currency, commodity) | ₹20 per order |
Other HDFC Securities (HDFC Sky) charges
| Charge | As published by HDFC Securities (HDFC Sky) |
|---|---|
| DP charge on selling delivery sharesWhen you sell IPO shares | ₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation) |
| Call and trade | ₹20 per order |
| Auto square-off | ₹50 plus 18% GST per position |
| Corporate actions (OFS, buyback, delisting) | ₹20 plus GST per order |
| Margin trading (MTF) interest | 1% a month on the pricing page; the support page says 15% |
Sources: HDFC Sky pricing, HDFC Sky SME IPOs, HDFC Sky support: charges and pricing, read on 23 Oct 2026. GST at 18% applies on brokerage and most charges unless stated. Charges change; check HDFC Securities (HDFC Sky)'s page before you open an account.
Government and exchange charges
These are set by the government, SEBI and the exchanges, and are the same at every broker.
| Charge | Equity delivery | Equity intraday |
|---|---|---|
| Securities transaction tax (STT) | 0.1% on buy and sell | 0.025% on sell |
| Exchange transaction charge | NSE 0.00307%, BSE 0.00375% | NSE 0.00307%, BSE 0.00375% |
| SEBI fee | ₹10 per crore | ₹10 per crore |
| Stamp duty (buy side) | 0.015% | 0.003% |
| GST | 18% on brokerage, exchange and SEBI charges | 18% on brokerage, exchange and SEBI charges |
Government and exchange rates as listed on the Zerodha and Indiabulls Securities charges pages, read on 23 Oct 2026.
What it costs to sell your IPO shares on HDFC Securities (HDFC Sky)
Applying for an IPO carries no brokerage. Costs come when you sell. For IPO shares worth ₹15,000 sold from your demat account (our calculation):
| HDFC Securities (HDFC Sky) brokerage | ₹20.00 |
| GST on brokerage | ₹3.60 |
| DP charge with GST | ₹23.60 |
| Charged by HDFC Securities (HDFC Sky) | ₹47.20 |
|---|---|
| STT (0.1%) | ₹15.00 |
| Exchange and SEBI charges | ₹0.48 |
| All charges on the sale | ₹62.77 |
HDFC Securities (HDFC Sky) brokerage calculator
Enter a trade to see every charge. The example is one SME lot of 800 shares bought at ₹179 and sold at ₹190.
| Charge | HDFC Securities (HDFC Sky) |
|---|
Our calculation from each broker's published charges and the government and exchange rates above (NSE). For delivery, the DP charge is added once on the sale. Where a broker does not publish a charge, it shows as not published.
Applying for IPOs on HDFC Securities (HDFC Sky)
| Mainboard IPOs | Yes, on HDFC Sky |
|---|---|
| SME IPOs | Yes. HDFC Sky says you can apply for SME IPOs in one click |
How to apply for an IPO on HDFC Securities (HDFC Sky)
- Find the IPO. Open the IPO section of the HDFC Securities (HDFC Sky) app or website while bidding is open, and pick the IPO.
- Enter your bid. Enter the number of lots and either tick cut-off price or enter a price within the band. SME IPOs need a price; cut-off is not allowed.
- Approve the UPI mandate. Approve the mandate in your UPI app before 5 pm on the closing day. The money is blocked, not debited, until allotment.
- Check allotment and sell if you choose. Allotted shares reach your HDFC Securities (HDFC Sky) demat account the next working day. You can sell from the listing day.
Any demat account also lets you apply through ASBA in your bank's net banking. See the IPOs open this week.
How to open a HDFC Securities (HDFC Sky) account
- Keep your documents ready. PAN, Aadhaar linked to your mobile number, a bank account with a cancelled cheque or statement, and your signature on white paper.
- Start on hdfcsky.com. Sign up on the HDFC Securities (HDFC Sky) website or app with your mobile number and email, and verify the OTPs.
- Complete KYC online. Enter your PAN and Aadhaar details, link your bank account, and upload a photo and signature. Most brokers also do in-person verification by video or selfie.
- E-sign the form. Sign the account opening form with an Aadhaar OTP. The account is usually active within one or two working days.
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Frequently asked questions
What are the HDFC Securities (HDFC Sky) account opening charges?
Free. Demat AMC: ₹0 for the first year, then ₹20 a month plus GST (basic services demat accounts under ₹50,000: ₹0).
What is the HDFC Securities (HDFC Sky) brokerage on delivery?
₹20 or 2.5% per order, whichever is lower. Intraday: ₹20 or 2.5% per order, whichever is lower.
What is the HDFC Securities (HDFC Sky) DP charge?
₹20 per scrip (the support page does not say whether GST is extra; we add 18% in our calculation). The DP charge is collected each time you sell shares from your demat account, including IPO shares.
Can I apply for SME IPOs on HDFC Securities (HDFC Sky)?
Yes. HDFC Sky says you can apply for SME IPOs in one click.
How do I apply for an IPO on HDFC Securities (HDFC Sky)?
Open the IPO section of the HDFC Securities (HDFC Sky) app, pick the IPO, enter the lots and price (or cut-off for mainboard IPOs), and approve the UPI mandate before 5 pm on the closing day.
What does it cost to sell IPO shares on HDFC Securities (HDFC Sky)?
Selling ₹15,000 of IPO shares costs ₹47.20 in HDFC Securities (HDFC Sky) brokerage and DP charge with GST, and ₹62.77 in all after STT, exchange and SEBI charges (our calculation).
Is HDFC Securities (HDFC Sky) registered with SEBI?
Yes. HDFC Securities Limited is registered with SEBI as a stockbroker, INZ000186937, and as a depository participant, IN-DP-372-2018. You can confirm it on the SEBI website.
What is the HDFC Securities (HDFC Sky) margin trading (MTF) interest rate?
1% a month on the pricing page; the support page says 15%.
Is HDFC Securities (HDFC Sky) good for IPO investors?
It depends on how you invest. Compare the yearly AMC, the cost to sell IPO shares and SME IPO access below with other brokers. We list facts from HDFC Securities (HDFC Sky)'s own website and do not rate or rank brokers.