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Dhan vs HDFC Sky vs Zerodha
In this article, we will review ‘Dhan vs HDFC Sky vs Zerodha‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.
Company Overview
| |
|
Company name
|
Dhan
HDFC Sky
Zerodha |
|
Headquarters
|
Mumbai
Mumbai
Bengaluru |
|
Founder
|
Mr Pravin Jadhav
Dhiraj Relli
Nithin Kamath |
|
Establishment Year
|
2021
2023
15 August 2010 |
Account opening & AMC
| |
|
Account Opening Fee
The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. |
₹0
₹0
₹200 |
|
Annual Maintenance Charges (AMC)
This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. |
₹0
₹20 / Month (Free for first year)
₹0 |
Pledge Charges
| |
|
Pledge Creation Charges
|
₹ 12.5 / transaction / ISIN + GST
₹20
₹30 + GST per pledge request |
|
Pledge Invocation Charges
|
₹ 12.5 / transaction / ISIN + GST
₹20
₹0 |
|
Interest on Margin Trading
|
0.0438% per day on outstanding MTF and non MTF debit and non maintenance of 50:50 margin
12%
0.035% per day (equivalent to 12.775% p.a.) |
|
Margin Re-Pledge
|
₹ 12.5 / transaction / ISIN + GST
₹20
₹0 |
Brokerage charges & Fees
| |
|
Brokerage Plan
|
Standard
Standard
Standard |
|
Equity Delivery Charges
|
₹0
₹20 or 0.1% (Whichever is Lower)
₹0 |
|
Equity Intraday Charges
|
₹20 or 0.03% per executed order whichever is lower
₹20 or 0.1% (Whichever is Lower)
₹20 or 0.03% per executed order, whichever is lower |
|
Equity Futures charges
|
₹20 or 0.03% per executed order whichever is lower
₹20 or 0.1% (whichever is lower)
₹20 or 0.03% per executed order, whichever is lower |
|
Equity Options charges
|
₹20 per executed order
₹20 / Order
Flat ₹20 per executed order |
|
Currency Futures charges
|
₹20 or 0.03% per executed order whichever is lower
₹20 or 0.1% (whichever is lower)
₹20 per executed order or 0.03% of the transaction value, whichever is lower |
|
Currency Options charges
|
₹20 per executed order
₹20 / Order
Flat ₹20 per executed order |
|
Commodity Futures charges
|
₹20 or 0.03% per executed order whichever is lower
₹20 or 0.1% (whichever is lower)
₹20 per executed order or 0.03% of the transaction value, whichever is lower |
|
Commodity Options charges
|
₹20 per executed order
₹20 / Order
₹20 per executed order |
Customer services offered
| |
|
Demat Services
|
✅Yes
✅Yes
✅Yes |
|
Trading Services
|
✅Yes
✅Yes
✅Yes |
|
Intraday Services
|
✅Yes
✅Yes
✅Yes |
|
F&O Services
|
✅Yes
✅Yes
✅Yes |
|
IPO Services
|
✅Yes
✅Yes
✅Yes |
|
Share Pledging
|
✅Yes
✅Yes
✅Yes |
|
NRI Services
|
✅Yes
✅Yes
✅Yes |
|
Referral Program
|
✅Yes
✅Yes
✅Yes |
Customer Support
| |
|
Call Support
|
+91 9987761000 (9:00 am to 6:00 pm on Market Trading days)
022-39019400
080 47181888 |
|
Email Support
|
help@dhan.co (24x7)
customercare@hdfcsec.com
renu.pd@zerodha.com (10AM - 5PM) |
|
Whatsapp Support
|
⛔No
⛔No
⛔No |
|
Website Support
|
✅Yes, 8 AM to 12 AM (Monday to Friday), 8 AM to 10 PM (Saturday & Sunday)
FAQs only
✅Yes, create ticket |
Leverage (Margin) Offered
| |
|
Equity Delivery Margin Leverage
|
Upto 1.39x depending on the stock (lower leverage for volatile stocks)
No leverage available; requires full margin upfront
No leverage available; you need the full purchase value in your account. |
|
Equity Intraday Margin Leverage
|
Upto 4x depending on the stock (lower leverage for volatile stocks)
Upto 5x depending on the stock (lower leverage for volatile stocks)
Upto 5x depending on the stock (lower leverage for volatile stocks) |
|
Equity F&O Intraday Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront |
|
Equity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront |
|
Currency F&O Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront |
|
Commodity F&O Intraday Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront |
|
Commodity F&O Carry Forward Margin Leverage
|
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront
No leverage available; requires full margin upfront |
Unique Offerings
| |
|
Free Account Opening
|
✅Yes
✅Yes
⛔No |
|
Free Brokerage
|
✅Yes, On Equity Delivery, ETFs, IPO & Mutual Funds only
On Mutual Funds and IPOs only
On Stock delivery, Mutual Funds and IPOs only |
|
Free AMC
|
✅Yes
⛔No
✅Yes |
|
Free Equity Delivery
|
✅Yes
⛔No
✅Yes |
|
Free F&O Trading
|
⛔No
⛔No
⛔No |
|
Free Intraday Trading
|
⛔No
⛔No
⛔No |
|
Free Trading calls
|
⛔No
⛔No
⛔No |
|
Happy Trading Hours
|
⛔No
⛔No
⛔No |
|
Flexible Brokerage Plans
|
✅Yes
⛔No
⛔No |
|
Referral Offers
|
✅Yes
✅Yes
✅Yes |
|
Margin Funding (MTF)/ Pledging
|
✅Yes
✅Yes
✅Yes |
|
Brokerage Cashback
|
⛔No
⛔No
⛔No |
|
Zero Brokerage for Loss Making Trades
|
⛔No
⛔No
⛔No |
|
Relationship Manager
|
⛔No
⛔No
⛔No |
Services Provided
| |
|
Equity Delivery
|
✅Yes
✅Yes
✅Yes |
|
Equity Intraday
|
✅Yes
✅Yes
✅Yes |
|
Equity Futures
|
✅Yes
✅Yes
✅Yes |
|
Equity Options
|
✅Yes
✅Yes
✅Yes |
|
Currency Futures
|
✅Yes
⛔No
✅Yes |
|
Currency Options
|
✅Yes
⛔No
✅Yes |
|
Commodity Futures
|
✅Yes
⛔No
✅Yes |
|
Commodity Options
|
✅Yes
⛔No
✅Yes |
|
Foreign Stocks
|
⛔No
✅Yes, US stocks
⛔No |
|
Mutual Funds
|
✅Yes
✅Yes
✅Yes |
|
Banking
|
⛔No
⛔No
⛔No |
|
Insurance
|
⛔No
⛔No
⛔No |
|
Corporate Bonds
|
⛔No
⛔No
⛔No |
|
Govt. Bonds
|
⛔No
⛔No
⛔No |
|
Digital Gold
|
⛔No
⛔No
⛔No |
Order Types
| |
|
Market Order
|
✅Yes
✅Yes
✅Yes |
|
Limit Order
|
✅Yes
✅Yes
✅Yes |
|
Bracket Order
|
✅Yes
⛔No
✅Yes |
|
Cover Order
|
✅Yes
⛔No
✅Yes |
|
After Market Order (AMO)
|
✅Yes
✅Yes
✅Yes |
|
Good Till Cancelled (GTC)
|
✅Yes
✅Yes
✅Yes |
|
Buy Today Sell Tomorrow (BTST)
|
✅Yes
⛔No
⛔No |
|
Sell Today Buy Tomorrow (STBT)
|
⛔No
⛔No
⛔No |
Research & Reports
| |
|
Annual Reports
|
✅Yes
✅Yes
✅Yes, powered by Tickertape |
|
Company Reports
|
✅Yes
✅Yes
✅Yes, powered by Tickertape |
|
Research Reports
|
⛔No
⛔No
✅Yes, powered by Tickertape |
|
Fundamental Reports
|
⛔No
✅Yes
✅Yes, powered by Tickertape |
|
IPO Reports
|
✅Yes
✅Yes
✅Yes |
|
Technical Reports
|
✅Yes
⛔No
✅Yes, powered by Streak |
|
Stock tips
|
⛔No
⛔No
⛔No |
|
Daily Market Review
|
⛔No
✅Yes
⛔No |
|
Monthly Review
|
✅Yes
✅Yes
⛔No |
|
Weekly Review
|
⛔No
✅Yes
⛔No |
|
Robo Advisory
|
⛔No
⛔No
⛔No |
STT & CTT Charges
| |
|
Equity Delivery STT & CTT
|
0.1% on buy & sell
0.1% on Buy & Sell
0.1% on buy & sell |
|
Equity Intraday STT & CTT
|
0.025% on sell transactions
0.025% on the sell side
0.025% on the sell side |
|
Equity Futures STT & CTT
|
0.0125% on sell side
0.0125% on the sell side
0.0125% on the sell side |
|
Equity Options STT & CTT
|
0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value)
0.0625% on sell side (on premium)
0.0625% on sell side (on premium) |
|
Currency Futures STT & CTT
|
No STT
⛔ Does not offer
No STT |
|
Currency Options STT & CTT
|
No STT
⛔ Does not offer
No STT |
|
Commodity Futures STT & CTT
|
0.01% on sell side
⛔ Does not offer
0.01% on sell side (Non-Agri) |
|
Commodity Options STT & CTT
|
0.05% on sell side
⛔ Does not offer
0.05% on sell side |
Trading Features
| |
|
Watchlist
|
✅Yes
✅Yes
✅Yes |
|
Real Time Updates
|
✅Yes
✅Yes
✅Yes |
|
Portfolio Details
|
✅Yes
✅Yes
✅Yes |
|
Price Alert
|
✅Yes
✅Yes
✅Yes |
|
Online Mutual Fund Buy
|
✅Yes
✅Yes
✅Yes |
|
Global indices
|
⛔No
⛔No
⛔No |
|
Customized Recommendations
|
⛔No
⛔No
⛔No |
|
Advanced charting
|
✅Yes
⛔No
✅Yes |
|
Live market
|
✅Yes
✅Yes
✅Yes |
|
Multiple Profile Management
|
⛔No
⛔No
⛔No |
|
Secure Platform
|
✅Yes
✅Yes
✅Yes |
Trading Platforms
| |
|
Android App
|
✅Yes
✅Yes
✅Yes |
|
iOS App
|
✅Yes
✅Yes
✅Yes |
|
Web Trading Platform
|
✅Yes
✅Yes
✅Yes |
|
Trading Terminal
|
✅Yes
⛔No
✅Yes |
|
Algo Trading Platform
|
✅Yes
⛔No
✅Yes |
|
Foreign Stocks Trading Platform
|
⛔No
✅Yes, US stocks only
⛔No |
|
Basket Trading Platform
|
✅Yes
⛔No
✅Yes |
|
Mutual Fund Investment Platform
|
✅Yes
✅Yes
✅Yes |
|
Digital Gold Investment Platform
|
⛔No
⛔No
⛔No |
|
Bonds Investment Platform
|
⛔No
⛔No
⛔No |
Transaction Charges
| |
|
Equity Delivery Transaction Charges
|
BSE: 0.00375%, NSE: 0.00325%
NSE: 0.00325% | BSE: 0.00325%
NSE: 0.00325% | BSE: 0.00375% |
|
Equity Intraday Transaction Charges
|
BSE: 0.00375%, NSE: 0.00325%
NSE: 0.00325% | BSE: 0.00325%
NSE: 0.00325% | BSE: 0.00375% |
|
Equity Futures Transaction Charges
|
NSE: 0.0019%, BSE: 0 (Zero)
NSE: 0.00230%
NSE: 0.0019% | BSE: 0 |
|
Equity Options Transaction Charges
|
NSE: 0.05% (on premium), BSE: 0.005% (on premium)
NSE: 0.056% (on premium)
NSE: 0.05% (on premium) | BSE: 0.005% (on premium) |
|
Currency Futures Transaction Charges
|
NSE: 0.0009%, BSE: 0.0009%, Interest Rate Derivatives: 0.00015%
Does not offer
0.0009% |
|
Currency Options Transaction Charges
|
NSE: 0.035%, BSE: 0.001%
Does not offer
NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001% |
|
Commodity Futures Transaction Charges
|
Group A, B : 0.0026%
Does not offer
Exchange txn charge: 0.0026% |
|
Commodity Options Transaction Charges
|
0.05%
Does not offer
Exchange txn charge: 0.05% |
Stamp Duty charges
| |
|
Equity Delivery Stamp Duty
|
0.015% on turnover of buy orders
0.015% or ₹1500 / crore on buy side
0.015% or ₹1500 / crore on buy side |
|
Equity Intraday Stamp Duty
|
0.003% on turnover of buy orders
0.003% or ₹300 / crore on buy side
0.003% or ₹300 / crore on buy side |
|
Equity Futures Stamp Duty
|
0.0125% on sell side
0.002% or ₹200 / crore on buy side
0.002% or ₹200 / crore on buy side |
|
Equity Options Stamp Duty
|
0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value)
0.003% or ₹300 / crore on buy side
0.003% or ₹300 / crore on buy side |
|
Currency Futures Stamp Duty
|
0.0001% on turnover of buy orders
⛔ Does not offer
0.0001% or ₹10 / crore on buy side |
|
Currency Options Stamp Duty
|
0.0001% on turnover of buy orders
⛔ Does not offer
0.0001% or ₹10 / crore on buy side |
|
Commodity Futures Stamp Duty
|
0.002% on turnover of buy orders
⛔ Does not offer
0.002% or ₹200 / crore on buy side |
|
Commodity Options Stamp Duty
|
0.003% on turnover of buy orders
⛔ Does not offer
0.003% or ₹300 / crore on buy side |
Other Charges
| |
|
SEBI Turnover Charges
|
₹10/Crore (For all segments)
₹10 / crore
₹10 / crore |
|
DP Charges
|
₹ 12.50 / instruction / ISIN + GST.
₹20
₹13.5 + GST per scrip (irrespective of quantity) |
|
GST charges
|
18% of (brokerage + transaction charges + Demat)
18%
18% of (Brokerage + Transaction charges + Demat) |
|
Account Closure Charges
|
Free
Free
Free |
|
Reactivation Charges
|
Free
Free
Free |
|
Dematerialization Charges
|
₹150 per certificate + ₹100 courier charges
₹50 / Share Certificate + Courier Charges
₹150 per share certificate, ₹100 courier charges, + 18% GST |
|
Call and Trade charges
|
₹ 50 / order + GST
₹20 / Call
₹50 per order |
