HDFC Sky Charges 2026: Brokerage, AMC, DP & F&O (Review)
HDFC Sky demat account review: opening fee ₹0, AMC ₹240/year (₹20/month after first year), and brokerage charges updated May 2026. Informational only—not investment advice.
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HDFC Sky charges ₹0 to open an account. Brokerage is the lower of ₹20 or 2.5% per order on delivery, intraday and futures, and a flat ₹20 per order on options. The demat AMC is free for the first year, then ₹20 a month. Each demat transaction costs ₹20, and MTF interest is 12% a year.
By Ajay Bohra · About the author
Last updated: October 2026
This page lists the HDFC Sky charges Indian investors pay: brokerage by segment, taxes and exchange fees, account and demat charges, and three worked examples that add up the total cost of a trade. Rates were checked against HDFC Sky’s published charges in October 2026. Charges change, so confirm on HDFC Sky before you trade. This is information, not investment advice.
HDFC Sky brokerage charges by segment
| Segment | Brokerage per executed order |
|---|---|
| Equity delivery | Lower of ₹20 or 2.5% |
| Equity intraday | Lower of ₹20 or 2.5% |
| Futures (intraday and carry forward) | Lower of ₹20 or 2.5% |
| Options (intraday and carry forward) | ₹20 per order |
| Currency and commodity futures | Lower of ₹20 or 2.5% |
| Currency and commodity options | ₹20 per order |
| ETF delivery and intraday | ₹20 |
“Lower of ₹20 or 2.5%” means 2.5% of the order value when that is below ₹20 (orders under ₹800) and ₹20 for anything larger. RMS square-up is an additional ₹20 or 2.5%, whichever is lower.
Taxes and exchange charges on HDFC Sky trades
These are charged on top of brokerage by the government and the exchanges. They are the same at every broker, apart from small differences in how brokers round and bill them.
| Charge | Equity delivery | Equity intraday | Futures | Options |
|---|---|---|---|---|
| STT | 0.1% on buy and sell | 0.025% on sell | 0.05% on sell | 0.15% on sell premium |
| Exchange transaction charge (NSE) | 0.00307% | 0.00307% | 0.00183% | 0.03553% of premium |
| Stamp duty (buy side) | 0.015% | 0.003% | 0.002% | 0.003% |
| SEBI turnover fee | ₹10 per crore | ₹10 per crore | ₹10 per crore | ₹10 per crore |
| GST | 18% on brokerage, exchange and SEBI charges | 18% | 18% | 18% |
HDFC Sky account, demat and other charges
| Charge | Amount |
|---|---|
| Account opening | Free |
| Demat AMC | ₹20 a month, free for the first year |
| Demat transaction (DP) charge | ₹20 per demat transaction, as listed by HDFC Sky |
| Pledge creation and invocation | ₹20 per transaction |
| MTF interest | 12% a year (1% a month); the same rate applies to margin against collateral for derivatives |
| Call and trade | ₹20 per call |
| Square-off | ₹50 + GST per squared-off position |
| Dematerialisation | ₹50 per certificate + courier |
| Payment gateway (UPI and net banking) | Free |
HDFC Sky charges: three worked examples
Each example adds up every charge on a round trip (buy and sell). The delivery and intraday examples buy and sell ₹1,00,000 of shares once each. The options example buys premium worth ₹50,000 and sells it for ₹60,000. Amounts are rounded to the nearest paisa and leave out tiny exchange investor-protection levies.
| Charge | Delivery (₹1,00,000 buy and sell) | Intraday (₹1,00,000 buy and sell) | Options (₹50,000 buy, ₹60,000 sell) |
|---|---|---|---|
| Brokerage | ₹40.00 | ₹40.00 | ₹40.00 |
| STT | ₹200.00 | ₹25.00 | ₹90.00 |
| Exchange transaction charges | ₹6.14 | ₹6.14 | ₹39.08 |
| SEBI turnover fee | ₹0.20 | ₹0.20 | ₹0.11 |
| Stamp duty | ₹15.00 | ₹3.00 | ₹1.50 |
| GST | ₹8.34 | ₹8.34 | ₹14.25 |
| DP charge on the sell | ₹20.00 | ₹0.00 | ₹0.00 |
| Total charges | ₹289.68 | ₹82.68 | ₹184.95 |
| Total as % of turnover | 0.290% | 0.083% | 0.168% |
Two things stand out. The 2.5% leg of the “lower of” rule rarely matters, so delivery and intraday cost ₹20 per order for most trades. STT is the largest cost on a delivery trade. The ₹20 DP charge is shown as HDFC Sky lists it; any GST on top is not included. Profit or loss on the trade itself is not included, and neither is income tax on gains.
How HDFC Sky charges compare
Brokerage, AMC and DP charges are where brokers differ. Put your own order sizes into the brokerage calculator or see the broker comparisons hub.
Who should read this HDFC Sky review
Customers of HDFC Bank who like a single-bank relationship often start here. Check the AMC after year one and the ₹20 charge on each demat transaction. This is not personalised investment advice.
HDFC Sky charges: FAQs
What are HDFC Sky brokerage charges?
The lower of ₹20 or 2.5% per order on equity delivery, intraday and futures, and a flat ₹20 per order on options.
Is HDFC Sky delivery free?
No. Delivery brokerage is the lower of ₹20 or 2.5% per order.
What is the HDFC Sky account opening fee?
Free.
What is the HDFC Sky demat AMC?
₹20 a month, waived for the first year.
What are HDFC Sky demat transaction charges?
₹20 for each demat transaction, per HDFC Sky’s listing.
What is the HDFC Sky MTF interest rate?
12% a year (1% a month) on the amount used for margin trading. HDFC Sky says MTF is available on 800+ stocks.
What are HDFC Sky call and trade charges?
₹20 per call. Square-off costs ₹50 + GST for each squared-off position.
How much STT do I pay on HDFC Sky?
STT is set by the government: 0.1% on buy and sell for delivery, 0.025% on the sell side for intraday, 0.05% on the sell side for futures and 0.15% on the sell premium for options.
Sources
HDFC Sky’s published charges: hdfcsky.com pricing page. STT, stamp duty, SEBI turnover fee and exchange transaction charges follow the rates set by the government, SEBI and the exchanges.
Brokerage, AMC, and statutory charges change. This page is for information and education only, not investment advice.
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