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HDFC Sky vs M.stock vs Indmoney
In this article, we will review ‘HDFC Sky vs M.stock vs Indmoney‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.
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Company Overview
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Company name
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HDFC Sky
Mirae Asset Capital Markets (India) Pvt Ltd
Indmoney- Finzoom Investment Advisors Private Limited
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Headquarters
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Mumbai
Mumbai
Gurugram, Haryana
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Founder
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Dhiraj Relli
Hyeon Joo Park
Ashish Kashyap
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Establishment Year
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2023
June 1997
2019
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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)
₹0
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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)
₹0
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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
Does not provide
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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
Does not provide
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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%
Does not provide
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Margin Re-Pledge
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₹20
₹25 per PSN
Does not provide
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Brokerage charges & Fees
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Brokerage Plan
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Standard
Lifetime free AMC' plan
Standard
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Equity Delivery Charges
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₹20 or 0.1% (Whichever is Lower)
Zero
₹20 or 0.05% whichever is lower
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Equity Intraday Charges
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₹20 or 0.1% (Whichever is Lower)
Zero
₹20 or 0.05% whichever is lower
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Equity Futures charges
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₹20 or 0.1% (whichever is lower)
Zero
Flat ₹20 per executed order
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Equity Options charges
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₹20 / Order
Zero
Flat ₹20 per executed order
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Currency Futures charges
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₹20 or 0.1% (whichever is lower)
Zero
Does not offer
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Currency Options charges
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₹20 / Order
Zero
Does not offer
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Commodity Futures charges
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₹20 or 0.1% (whichever is lower)
Do not offer Commodity trading
Does not offer
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Commodity Options charges
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₹20 / Order
Do not offer Commodity trading
Does not offer
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Customer services offered
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Demat Services
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✅Yes
✅Yes
✅Yes
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Trading Services
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✅Yes
✅Yes
✅Yes
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Intraday Services
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✅Yes
✅Yes
✅Yes
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F&O Services
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✅Yes
✅Yes
✅Yes
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IPO Services
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✅Yes
✅Yes
✅Yes
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Share Pledging
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✅Yes
✅Yes
⛔No
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NRI Services
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✅Yes
⛔
⛔No
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Referral Program
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✅Yes
✅Yes
✅Yes
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Customer Support
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Call Support
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022-39019400
1800 210 0818
07314852049
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Email Support
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customercare@hdfcsec.com
help@mstock.com
instockssupport@indmoney.com
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Whatsapp Support
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⛔No
⛔
⛔No
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Website Support
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FAQs only
⛔
✅Yes, Create ticket
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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.
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)
No leverage available; you need the full purchase value in your account.
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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.
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.
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.
Does not offer
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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
Does not offer
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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
Does not offer
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Unique Offerings
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Free Account Opening
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✅Yes
⛔No
✅Yes
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Free Brokerage
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On Mutual Funds and IPOs only
✅Yes
✅Yes, IPOs & Mutual Funds only
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Free AMC
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⛔No
✅Yes, on 'Lifetime free AMC' plan only
✅Yes
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Free Equity Delivery
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⛔No
✅Yes
⛔No
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Free F&O Trading
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⛔No
✅Yes
⛔No
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Free Intraday Trading
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⛔No
✅Yes
⛔No
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Free Trading calls
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⛔No
✅Yes
⛔No
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Happy Trading Hours
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⛔No
⛔No
⛔No
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Flexible Brokerage Plans
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⛔No
✅Yes
✅Yes
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Referral Offers
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✅Yes
✅Yes
✅Yes
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Margin Funding (MTF)/ Pledging
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✅Yes
✅Yes
⛔No
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Brokerage Cashback
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⛔No
⛔No
⛔No
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Zero Brokerage for Loss Making Trades
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⛔No
⛔No
⛔No
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Relationship Manager
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⛔No
⛔No
⛔No
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Services Provided
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Equity Delivery
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✅Yes
✅Yes
✅Yes
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Equity Intraday
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✅Yes
✅Yes
✅Yes
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Equity Futures
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✅Yes
✅Yes
✅Yes
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Equity Options
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✅Yes
✅Yes
✅Yes
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Currency Futures
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⛔No
✅Yes
⛔No
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Currency Options
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⛔No
✅Yes
⛔No
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Commodity Futures
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⛔No
⛔No
⛔No
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Commodity Options
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⛔No
⛔No
⛔No
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Foreign Stocks
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✅Yes, US stocks
⛔No
✅Yes
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Mutual Funds
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✅Yes
✅Yes
✅Yes
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Banking
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⛔No
⛔No
⛔No
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Insurance
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⛔No
⛔No
⛔No
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Corporate Bonds
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⛔No
⛔No
⛔No
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Govt. Bonds
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⛔No
⛔No
⛔No
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Digital Gold
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⛔No
⛔No
⛔No
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Order Types
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Market Order
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✅Yes
✅Yes
✅Yes
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Limit Order
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✅Yes
✅Yes
✅Yes
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Bracket Order
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⛔No
✅Yes
✅Yes
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Cover Order
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⛔No
✅Yes
✅Yes
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After Market Order (AMO)
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✅Yes
✅Yes
✅Yes
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Good Till Cancelled (GTC)
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✅Yes
✅Yes
✅Yes
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Buy Today Sell Tomorrow (BTST)
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⛔No
⛔No
⛔No
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Sell Today Buy Tomorrow (STBT)
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⛔No
⛔No
⛔No
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Research & Reports
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Annual Reports
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✅Yes
⛔No
✅Yes
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Company Reports
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✅Yes
⛔No
✅Yes
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Research Reports
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⛔No
⛔No
⛔No
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Fundamental Reports
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✅Yes
✅Yes, Basic only
✅Yes
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IPO Reports
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✅Yes
✅Yes
✅Yes
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Technical Reports
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⛔No
✅Yes, Basic only
✅Yes
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Stock tips
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⛔No
⛔No
⛔No
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Daily Market Review
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✅Yes
⛔No
✅Yes
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Monthly Review
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✅Yes
⛔No
✅Yes
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Weekly Review
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✅Yes
⛔No
✅Yes
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Robo Advisory
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⛔No
⛔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
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
0.025% on sell transactions
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Equity Futures STT & CTT
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0.0125% on the sell side
0.0125% on 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
0.0625% on sell side (on premium)
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Currency Futures STT & CTT
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⛔ Does not offer
No STT
⛔ Does not offer
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Currency Options STT & CTT
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⛔ Does not offer
No STT
⛔ Does not offer
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Commodity Futures STT & CTT
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⛔ Does not offer
Does not offer Commodity trading
⛔ Does not offer
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Commodity Options STT & CTT
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⛔ Does not offer
Does not offer Commodity trading
⛔ Does not offer
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Trading Features
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Watchlist
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✅Yes
✅Yes
✅Yes
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Real Time Updates
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✅Yes
✅Yes
✅Yes
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Portfolio Details
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✅Yes
✅Yes
✅Yes
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Price Alert
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✅Yes
✅Yes
✅Yes
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Online Mutual Fund Buy
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✅Yes
✅Yes
✅Yes
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Global indices
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⛔No
⛔No
✅Yes
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Customized Recommendations
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⛔No
⛔No
⛔No
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Advanced charting
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⛔No
✅Yes
⛔No
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Live market
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✅Yes
✅Yes
✅Yes
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Multiple Profile Management
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⛔No
⛔No
⛔No
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Secure Platform
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✅Yes
✅Yes
✅Yes
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Trading Platforms
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Android App
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✅Yes
✅Yes
✅Yes
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iOS App
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✅Yes
✅Yes
✅Yes
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Web Trading Platform
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✅Yes
✅Yes
✅Yes
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Trading Terminal
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⛔No
⛔No
⛔No
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Algo Trading Platform
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⛔No
⛔No
⛔No
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Foreign Stocks Trading Platform
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✅Yes, US stocks only
⛔No
✅Yes
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Basket Trading Platform
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⛔No
✅Yes
⛔No
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Mutual Fund Investment Platform
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✅Yes
✅Yes
✅Yes
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Digital Gold Investment Platform
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⛔No
⛔No
⛔No
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Bonds Investment Platform
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⛔No
⛔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%
BSE: 0.00375%, NSE: 0.00325%
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Equity Intraday Transaction Charges
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NSE: 0.00325% | BSE: 0.00325%
NSE: 0.00325%, BSE: 0.00375%
BSE: 0.00375%, NSE: 0.00325%
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Equity Futures Transaction Charges
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NSE: 0.00230%
NSE: 0.0019%
NSE: 0.0019%, BSE: 0 (Zero)
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Equity Options Transaction Charges
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NSE: 0.056% (on premium)
NSE: 0.050% (on premium)
NSE: 0.05% (on premium), BSE: 0.005% (on premium)
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Currency Futures Transaction Charges
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Does not offer
NSE: Exchange txn charge: 0.0009%
Does not offer
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Currency Options Transaction Charges
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Does not offer
NSE: Exchange txn charge: 0.035%
Does not offer
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Commodity Futures Transaction Charges
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Does not offer
Does not offer
Does not offer
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Commodity Options Transaction Charges
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Does not offer
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
0.015% Buy
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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
0.003% Buy
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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
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
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
⛔ Does not offer
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Currency Options Stamp Duty
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⛔ Does not offer
0.0001% or ₹10 / crore on buy side
⛔ Does not offer
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Commodity Futures Stamp Duty
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⛔ Does not offer
Does not offer
⛔ Does not offer
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Commodity Options Stamp Duty
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⛔ Does not offer
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)
₹10/Crore (For all segments)
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DP Charges
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₹20
₹12 + GST per ISIN per transaction per day
₹13.5/scrip
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GST charges
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18%
18% of (brokerage + transaction charges + Demat)
18% of (brokerage + transaction charges + Demat)
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Account Closure Charges
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Free
Free
Free
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Reactivation Charges
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Free
Free
Free
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Dematerialization Charges
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₹50 / Share Certificate + Courier Charges
₹150 per certificate + ₹100 courier charges
₹250 per certificate
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Call and Trade charges
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₹20 / Call
₹0
₹ 500 per order
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