HDFC Sky vs Upstox charges review
In India, HDFC Sky and Upstox are two well-known online trading platforms. Both have many tools and features that make it easier for investors and traders to get into the stock market. But how do HDFC Sky vs Upstox compare? Which one fits your needs and goals better? We will quickly go over the ways that HDFC Sky and Upstox are different and the ways that they are the same.
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| Product Name |
HDFC Sky review India: Brokerage chargesUpstox app review India in 2024: Brokerage Charges list, AMC & Rating |
| Product Image |
|
| Price | |
| Our Rating | |
| Brand | Upstox |
| Category | Stock brokers Stock brokers |
Company Overview
  |
|
| Company name | HDFC Sky Upstox- RKSV Securities India Private Limited (RSIPL) |
| Headquarters | Mumbai Delhi |
| Founder | Dhiraj Relli Ravi Kumar |
| Establishment Year | 2023 April 6, 2009 |
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 |
| 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. | ₹20 / Month (Free for first year) ₹0 |
Pledge Charges
|
|
| Pledge Creation Charges | ₹20 ₹20 + GST per scrip for Equity & ₹50 + GST per scrip for pledging Futures buy and sell and Options Sell orders only |
| Pledge Invocation Charges | ₹20 ₹50 + GST per scrip for unpledging |
| Interest on Margin Trading | 12% ₹20/day for every slab of ₹40,000 taken as MTF |
| Margin Re-Pledge | ₹20 ₹20 + GST per scrip for Equity |
Brokerage charges & Fees
|
|
| Brokerage Plan | Standard Standard |
| Equity Delivery Charges | ₹20 or 0.1% (Whichever is Lower) ₹20 or 2.5% whichever is lower |
| Equity Intraday Charges | ₹20 or 0.1% (Whichever is Lower) ₹20 per executed order or 0.05% (whichever is lower) |
| Equity Futures charges | ₹20 or 0.1% (whichever is lower) ₹20 per executed order or 0.05% (whichever is lower) |
| Equity Options charges | ₹20 / Order Flat ₹20 per executed order |
| Currency Futures charges | ₹20 or 0.1% (whichever is lower) ₹20 per executed order or 0.05% (whichever is lower) |
| Currency Options charges | ₹20 / Order Flat ₹20 per executed order |
| Commodity Futures charges | ₹20 or 0.1% (whichever is lower) ₹20 per executed order or 0.05% (whichever is lower) |
| Commodity Options charges | ₹20 / Order Flat ₹20 per executed order |
Customer services offered
|
|
| Demat Services |
 Yes
Yes
|
| Trading Services |
Yes
Yes
|
| Intraday Services |
Yes
Yes
|
| F&O Services |
Yes
Yes
|
| IPO Services |
Yes
Yes
|
| Share Pledging |
Yes
Yes
|
| NRI Services |
Yes
Yes
|
| Referral Program |
Yes
Yes
|
Customer Support
|
|
| Call Support | 022-39019400 022-41792999: All Trading Days – 8 am to 5 pm |
| Email Support | customercare@hdfcsec.com support@upstox.com: All Trading Days – 8 am to 5 pm |
| Whatsapp Support |
 No
No
|
| Website Support | FAQs only Yes, 8AM - 7PM IST, Monday - Saturday |
Leverage (Margin) Offered
|
|
| Equity Delivery Margin Leverage | No leverage available; requires full margin upfront No leverage available; you need the full purchase value in your account. |
| Equity Intraday Margin Leverage | Upto 5x depending on the stock (lower leverage for volatile stocks) Leverage ranges from 1x to 5x depending on the stock (lower leverage for volatile stocks) |
| Equity F&O Intraday Margin Leverage | No leverage available; requires full margin upfront Leverage is 1.3x across all Equity F&O contracts |
| Equity F&O Carry Forward Margin Leverage | 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 Leverage is 1.3x across all Currency F&O contracts |
| Commodity F&O Intraday Margin Leverage | No leverage available; requires full margin upfront Leverage is 1.3x across all Commodity F&O contracts |
| Commodity F&O Carry Forward Margin Leverage | No leverage available; requires full margin upfront No leverage available; requires full margin upfront |
Unique Offerings
|
|
| Free Account Opening |
Yes
Yes
|
| Free Brokerage | On Mutual Funds and IPOs only On Mutual Funds and IPOs only |
| Free AMC |
No
Yes
|
| Free Equity Delivery |
No
No
|
| Free F&O Trading |
No
No
|
| Free Intraday Trading |
No
No
|
| Free Trading calls |
No
No
|
| Happy Trading Hours |
No
No
|
| Flexible Brokerage Plans |
No
No
|
| Referral Offers |
Yes
Yes
|
| Margin Funding (MTF)/ Pledging |
Yes
Yes
|
| Brokerage Cashback |
No
No
|
| Zero Brokerage for Loss Making Trades |
No
No
|
| Relationship Manager |
No
No
|
Services Provided
|
|
| Equity Delivery |
Yes
Yes
|
| Equity Intraday |
Yes
Yes
|
| Equity Futures |
Yes
Yes
|
| Equity Options |
Yes
Yes
|
| Currency Futures |
No
Yes
|
| Currency Options |
No
Yes
|
| Commodity Futures |
No
Yes
|
| Commodity Options |
No
Yes
|
| Foreign Stocks |
Yes, US stocks
No
|
| Mutual Funds |
Yes
Yes
|
| Banking |
No
No
|
| Insurance |
No
No
|
| Corporate Bonds |
No
No
|
| Govt. Bonds |
No
No
|
| Digital Gold |
No
No
|
Order Types
|
|
| Market Order |
Yes
Yes
|
| Limit Order |
Yes
Yes
|
| Bracket Order |
No
Yes
|
| Cover Order |
No
Yes
|
| After Market Order (AMO) |
Yes
Yes
|
| Good Till Cancelled (GTC) |
Yes
Yes
|
| Buy Today Sell Tomorrow (BTST) |
No
No
|
| Sell Today Buy Tomorrow (STBT) |
No
No
|
Research & Reports
|
|
| Annual Reports |
Yes
No
|
| Company Reports |
Yes
Yes, Basic only
|
| Research Reports |
No
No
|
| Fundamental Reports |
Yes
Yes, Basic only
|
| IPO Reports |
Yes
Yes
|
| Technical Reports |
No
Yes, Basic only
|
| Stock tips |
No
No
|
| Daily Market Review |
Yes
Yes
|
| Monthly Review |
Yes
Yes
|
| Weekly Review |
Yes
Yes
|
| Robo Advisory |
No
No
|
STT & CTT Charges
|
|
| Equity Delivery STT & CTT | 0.1% on Buy & Sell 0.1% on buy & sell |
| Equity Intraday STT & CTT | 0.025% on the sell side 0.025% on the sell side |
| Equity Futures STT & CTT | 0.0125% on the sell side 0.0125% on sell side |
| Equity Options STT & CTT | 0.0625% on sell side (on premium) 0.0625% on sell side (on premium) |
| Currency Futures STT & CTT |
Does not offer
No STT
|
| Currency Options STT & CTT |
Does not offer
No STT
|
| Commodity Futures STT & CTT |
Does not offer
0.01% on sell trade (Non-Agri)
|
| Commodity Options STT & CTT |
Does not offer
0.05% on sell trade
|
Trading Features
|
|
| Watchlist |
Yes
Yes
|
| Real Time Updates |
Yes
Yes
|
| Portfolio Details |
Yes
Yes
|
| Price Alert |
Yes
Yes
|
| Online Mutual Fund Buy |
Yes
Yes
|
| Global indices |
No
No
|
| Customized Recommendations |
No
No
|
| Advanced charting |
No
Yes
|
| Live market |
Yes
Yes
|
| Multiple Profile Management |
No
No
|
| Secure Platform |
Yes
Yes
|
Trading Platforms
|
|
| Android App |
Yes
Yes
|
| iOS App |
Yes
Yes
|
| Web Trading Platform |
Yes
Yes
|
| Trading Terminal |
No
Yes
|
| Algo Trading Platform |
No
Yes
|
| Foreign Stocks Trading Platform |
Yes, US stocks only
No
|
| Basket Trading Platform |
No
Yes
|
| Mutual Fund Investment Platform |
Yes
Yes
|
| Digital Gold Investment Platform |
No
No
|
| Bonds Investment Platform |
No
No
|
Transaction Charges
|
|
| Equity Delivery Transaction Charges | NSE: 0.00325% | BSE: 0.00325% NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group |
| Equity Intraday Transaction Charges | NSE: 0.00325% | BSE: 0.00325% NSE: 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group |
| Equity Futures Transaction Charges | NSE: 0.00230% NSE Exchange turnover charge: 0.0019%. BSE: Nil |
| Equity Options Transaction Charges | NSE: 0.056% (on premium) NSE Exchange turnover charge: 0.050% (on premium). BSE: 0.0375% (on premium) |
| Currency Futures Transaction Charges | Does not offer NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022% |
| Currency Options Transaction Charges | Does not offer NSE: Exchange txn charge: 0.035% & BSE: Exchange txn charge: 0.001% |
| Commodity Futures Transaction Charges | Does not offer Non-Agri: Exchange turnover charge: 0.0026% |
| Commodity Options Transaction Charges | Does not offer Exchange turnover charge: 0.05% |
Stamp Duty charges
|
|
| Equity Delivery Stamp Duty | 0.015% or ₹1500 / crore on buy side 0.015% or ₹1500 / crore on buy side |
| Equity Intraday Stamp Duty | 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side |
| Equity Futures Stamp Duty | 0.002% or ₹200 / crore on buy side 0.002% or ₹200 / crore on buy side |
| Equity Options Stamp Duty | 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side |
| Currency Futures Stamp Duty |
Does not offer
0.0001% or Rs 10 per crore on buy-side
|
| Currency Options Stamp Duty |
Does not offer
0.0001% or Rs 10 per crore on buy-side
|
| Commodity Futures Stamp Duty |
Does not offer
0.002% or ₹200 per crore on buy-side
|
| Commodity Options Stamp Duty |
Does not offer
0.003% or ₹300 per crore on buy-side
|
Other Charges
|
|
| SEBI Turnover Charges | ₹10 / crore ₹10/crore (For all segments) |
| DP Charges | ₹20 ₹18.5 + GST per scrip (irrespective of quantity) |
| GST charges | 18% 18% of (brokerage + transaction charges + Demat) |
| Account Closure Charges | Free Free |
| Reactivation Charges | Free Free |
| Dematerialization Charges | ₹50 / Share Certificate + Courier Charges ₹20 per Certificate |
| Call and Trade charges | ₹20 / Call ₹50 + 18% GST |
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