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HDFC Sky vs M.stock charges review
If you are looking for stock investments, you might have come across HDFC Sky and M Stock, two of the most popular investment products in India. But which one is better for you? In this post, we will compare HDFC Sky vs M Stock on various parameters such as Brokerage charges, features, benefits, risks and returns. By the end of this post, you will have a clear idea of which product suits your needs and goals.
Post Disclaimer
For informational purposes only:
The information presented on this website is for informational purposes only and should not be construed as financial, legal, or professional advice. While we strive to provide accurate and up-to-date information, we cannot guarantee its completeness or accuracy. Any opinions expressed herein are solely those of the author or individual contributor and do not necessarily reflect the views of any company, organization, or other entity.
Do your own research:
Readers are encouraged to conduct their due diligence and consult with a qualified professional before making any decisions based on the information presented on this website. Trading, investing, and other financial activities involve inherent risks, and you could lose all or a portion of your capital. Past performance is not indicative of future results.
Company Overview
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Company name
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HDFC Sky
Mirae Asset Capital Markets (India) Pvt Ltd
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Headquarters
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Mumbai
Mumbai
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Founder
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Dhiraj Relli
Hyeon Joo Park
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Establishment Year
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2023
June 1997
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Account opening & AMC
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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.
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₹0
₹999 (Zero brokerage for life) + ₹999 (Free AMC)
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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.
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₹20 / Month (Free for first year)
₹120 every quarter (Zero AMC by paying an additional ₹999, else ₹120 every quarter as AMC)
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Pledge Charges
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Pledge Creation Charges
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₹20
₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan
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Pledge Invocation Charges
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₹20
₹25 per PSN (Pledge Sequence Number) per day (+GST) for 'Lifetime free AMC' plan
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Interest on Margin Trading
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12%
Up to ₹25 Lakhs: 9.99%, Above ₹25 Lakhs to ₹5 Crore: 8.99%, Above ₹5 Crore: 6.99%
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Margin Re-Pledge
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₹20
₹25 per PSN
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Brokerage charges & Fees
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Brokerage Plan
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Standard
Lifetime free AMC' plan
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Equity Delivery Charges
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₹20 or 0.1% (Whichever is Lower)
Zero
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Equity Intraday Charges
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₹20 or 0.1% (Whichever is Lower)
Zero
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Equity Futures charges
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₹20 or 0.1% (whichever is lower)
Zero
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Equity Options charges
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₹20 / Order
Zero
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Currency Futures charges
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₹20 or 0.1% (whichever is lower)
Zero
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Currency Options charges
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₹20 / Order
Zero
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Commodity Futures charges
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₹20 or 0.1% (whichever is lower)
Do not offer Commodity trading
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Commodity Options charges
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₹20 / Order
Do not offer Commodity trading
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Customer services offered
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Demat Services
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Yes
Yes
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Trading Services
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Yes
Yes
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Intraday Services
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Yes
Yes
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F&O Services
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Yes
Yes
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IPO Services
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Yes
Yes
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Share Pledging
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Yes
Yes
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NRI Services
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Yes
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Referral Program
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Yes
Yes
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Customer Support
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Call Support
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022-39019400
1800 210 0818
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Email Support
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customercare@hdfcsec.com
help@mstock.com
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Whatsapp Support
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No
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Website Support
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FAQs only
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Leverage (Margin) Offered
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Equity Delivery Margin Leverage
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No leverage available; requires full margin upfront
No leverage available; you need the full purchase value in your account.
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Equity Intraday Margin Leverage
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Upto 5x depending on the stock (lower leverage for volatile stocks)
Leverage ranges from 3x to 4x depending on the stock (lower leverage for volatile stocks)
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Equity F&O Intraday Margin Leverage
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No leverage available; requires full margin upfront
No leverage available; you need the full purchase value in your account.
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Equity F&O Carry Forward Margin Leverage
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No leverage available; requires full margin upfront
No leverage available; you need the full purchase value in your account.
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Currency F&O Margin Leverage
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No leverage available; requires full margin upfront
4x to 10x depending on the currency pair and contract type.
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Commodity F&O Intraday Margin Leverage
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No leverage available; requires full margin upfront
Does not offer trading in Commodity
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Commodity F&O Carry Forward Margin Leverage
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No leverage available; requires full margin upfront
Does not offer trading in Commodity
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Unique Offerings
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Free Account Opening
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Yes
No
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Free Brokerage
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On Mutual Funds and IPOs only
Yes
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Free AMC
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No
Yes, on 'Lifetime free AMC' plan only
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Free Equity Delivery
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No
Yes
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Free F&O Trading
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No
Yes
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Free Intraday Trading
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No
Yes
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Free Trading calls
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No
Yes
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Happy Trading Hours
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No
No
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Flexible Brokerage Plans
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No
Yes
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Referral Offers
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Yes
Yes
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Margin Funding (MTF)/ Pledging
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Yes
Yes
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Brokerage Cashback
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No
No
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Zero Brokerage for Loss Making Trades
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No
No
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Relationship Manager
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No
No
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Services Provided
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Equity Delivery
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Yes
Yes
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Equity Intraday
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Yes
Yes
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Equity Futures
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Yes
Yes
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Equity Options
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Yes
Yes
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Currency Futures
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No
Yes
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Currency Options
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No
Yes
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Commodity Futures
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No
No
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Commodity Options
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No
No
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Foreign Stocks
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Yes, US stocks
No
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Mutual Funds
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Yes
Yes
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Banking
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No
No
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Insurance
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No
No
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Corporate Bonds
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No
No
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Govt. Bonds
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No
No
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Digital Gold
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No
No
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Order Types
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Market Order
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Yes
Yes
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Limit Order
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Yes
Yes
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Bracket Order
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No
Yes
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Cover Order
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No
Yes
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After Market Order (AMO)
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Yes
Yes
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Good Till Cancelled (GTC)
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Yes
Yes
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Buy Today Sell Tomorrow (BTST)
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No
No
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Sell Today Buy Tomorrow (STBT)
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No
No
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Research & Reports
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Annual Reports
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Yes
No
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Company Reports
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Yes
No
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Research Reports
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No
No
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Fundamental Reports
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Yes
Yes, Basic only
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IPO Reports
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Yes
Yes
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Technical Reports
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No
Yes, Basic only
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Stock tips
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No
No
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Daily Market Review
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Yes
No
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Monthly Review
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Yes
No
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Weekly Review
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Yes
No
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Robo Advisory
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No
No
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STT & CTT Charges
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Equity Delivery STT & CTT
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0.1% on Buy & Sell
0.1% on buy & sell
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Equity Intraday STT & CTT
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0.025% on the sell side
0.025% on the sell side
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Equity Futures STT & CTT
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0.0125% on the sell side
0.0125% on sell side
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Equity Options STT & CTT
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0.0625% on sell side (on premium)
0.0625% on sell side (on premium) and/or 0.125% of the intrinsic value on options that are bought and exercised
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Currency Futures STT & CTT
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Does not offer
No STT
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Currency Options STT & CTT
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Does not offer
No STT
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Commodity Futures STT & CTT
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Does not offer
Does not offer Commodity trading
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Commodity Options STT & CTT
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Does not offer
Does not offer Commodity trading
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Trading Features
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Watchlist
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Yes
Yes
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Real Time Updates
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Yes
Yes
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Portfolio Details
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Yes
Yes
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Price Alert
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Yes
Yes
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Online Mutual Fund Buy
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Yes
Yes
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Global indices
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No
No
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Customized Recommendations
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No
No
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Advanced charting
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No
Yes
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Live market
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Yes
Yes
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Multiple Profile Management
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No
No
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Secure Platform
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Yes
Yes
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Trading Platforms
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Android App
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Yes
Yes
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iOS App
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Yes
Yes
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Web Trading Platform
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Yes
Yes
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Trading Terminal
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No
No
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Algo Trading Platform
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No
No
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Foreign Stocks Trading Platform
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Yes, US stocks only
No
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Basket Trading Platform
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No
Yes
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Mutual Fund Investment Platform
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Yes
Yes
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Digital Gold Investment Platform
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No
No
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Bonds Investment Platform
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No
No
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Transaction Charges
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Equity Delivery Transaction Charges
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NSE: 0.00325% | BSE: 0.00325%
NSE: 0.00325%, BSE: 0.00375%
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Equity Intraday Transaction Charges
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NSE: 0.00325% | BSE: 0.00325%
NSE: 0.00325%, BSE: 0.00375%
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Equity Futures Transaction Charges
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NSE: 0.00230%
NSE: 0.0019%
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Equity Options Transaction Charges
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NSE: 0.056% (on premium)
NSE: 0.050% (on premium)
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Currency Futures Transaction Charges
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Does not offer
NSE: Exchange txn charge: 0.0009%
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Currency Options Transaction Charges
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Does not offer
NSE: Exchange txn charge: 0.035%
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Commodity Futures Transaction Charges
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Does not offer
Does not offer
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Commodity Options Transaction Charges
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Does not offer
Does not offer
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Stamp Duty charges
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Equity Delivery Stamp Duty
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0.015% or ₹1500 / crore on buy side
0.015% or ₹1500 / crore on buy side
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Equity Intraday Stamp Duty
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0.003% or ₹300 / crore on buy side
0.003% or ₹300 / crore on buy side
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Equity Futures Stamp Duty
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0.002% or ₹200 / crore on buy side
0.002% or ₹200 / crore on buy side
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Equity Options Stamp Duty
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0.003% or ₹300 / crore on buy side
0.003% or ₹300 / crore on buy side
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Currency Futures Stamp Duty
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Does not offer
0.0001% or ₹10 / crore on buy side
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Currency Options Stamp Duty
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Does not offer
0.0001% or ₹10 / crore on buy side
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Commodity Futures Stamp Duty
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Does not offer
Does not offer
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Commodity Options Stamp Duty
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Does not offer
Does not offer
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Other Charges
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SEBI Turnover Charges
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₹10 / crore
₹10/crore (For all segments)
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DP Charges
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₹20
₹12 + GST per ISIN per transaction per day
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GST charges
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18%
18% of (brokerage + transaction charges + Demat)
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Account Closure Charges
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Free
Free
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Reactivation Charges
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Free
Free
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Dematerialization Charges
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₹50 / Share Certificate + Courier Charges
₹150 per certificate + ₹100 courier charges
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Call and Trade charges
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₹20 / Call
₹0
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