Dhan vs HDFC Sky: Charges, AMC & Costs (2026)
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Dhan: delivery brokerage ₹0, AMC ₹0. HDFC Sky: delivery lower of ₹20 or 2.5%, AMC ₹0 in year one, then ₹20 a month. A ₹1,00,000 delivery round trip costs ₹237.23 on Dhan and ₹289.68 on HDFC Sky.
Last updated: October 2026
This page compares Dhan and HDFC Sky on what you actually pay: brokerage, AMC, DP charges and the total cost of three sample trades. Charges were checked against each broker’s published pricing in October 2026 and can change, so confirm before you open an account. This is information, not investment advice.
Dhan vs HDFC Sky: charges side by side
| Charge | Dhan | HDFC Sky |
|---|---|---|
| Account opening | ₹0 | Free |
| Equity delivery brokerage | ₹0 | Lower of ₹20 or 2.5% |
| Equity intraday brokerage | Lower of ₹20 or 0.03% | Lower of ₹20 or 2.5% |
| Futures and options | ₹20 per order | Options ₹20 per order; futures lower of ₹20 or 2.5% |
| Demat AMC | ₹0 for individuals and HUFs | ₹20 a month, free for the first year |
| DP charge on sells | ₹12.50 + GST per ISIN sold | ₹20 per demat transaction (GST not stated) |
| Pledge | ₹15 + GST per ISIN | ₹20 per transaction |
| Call and trade | ₹50 + GST per order | ₹20 per call |
| Auto square-off | ₹20 + GST per order | ₹50 + GST per squared-off position |
What the same trades cost on each broker
These examples add up brokerage, STT, exchange charges, SEBI fees, stamp duty, GST and the DP charge on a round trip (buy and sell). Delivery and intraday trades buy and sell ₹1,00,000 of shares once each. The options trade buys premium worth ₹50,000 and sells it for ₹60,000, with one lot per order. Amounts are rounded to the nearest paisa.
| Trade | Dhan | HDFC Sky |
|---|---|---|
| Delivery (₹1,00,000 buy and sell) | ₹237.23 | ₹289.68 |
| Intraday (₹1,00,000 buy and sell) | ₹82.68 | ₹82.68 |
| Options (₹50,000 buy, ₹60,000 sell) | ₹184.95 | ₹184.95 |
Delivery: Dhan costs ₹52.45 less (₹237.23 against ₹289.68). Intraday: the two cost the same (₹82.68). Options: the two cost the same (₹184.95). Your own order sizes and how often you trade decide which costs less, so test them in the calculator.
Dhan or HDFC Sky: what to weigh
Dhan may suit you if:
- you buy and sell delivery often (the ₹1,00,000 round trip costs ₹52.45 less here)
- you keep the account for years: AMC after year one is ₹0 against ₹20 a month
- you sell shares often: the DP charge per sell is lower (₹14.75 against ₹20.00)
HDFC Sky may suit you if:
- you place phone orders: call and trade is cheaper (₹20 per call against ₹50 + GST per order)
Both statements describe published charges, not a recommendation. Your own order sizes, how often you trade and how long you hold shares decide which costs more. Use the brokerage calculator to test your own numbers.
Full charge breakdowns
See every charge, worked examples and FAQs on the Dhan charges page and the HDFC Sky charges page. More pairs are on the broker comparisons hub.
Dhan vs HDFC Sky: FAQs
Which is cheaper for delivery, Dhan or HDFC Sky?
Dhan on the ₹1,00,000 delivery example: ₹237.23 on Dhan and ₹289.68 on HDFC Sky. Delivery brokerage is ₹0 at Dhan and lower of ₹20 or 2.5% at HDFC Sky.
Which has the lower AMC?
Dhan: ₹0. HDFC Sky: ₹0 in year one, then ₹20 a month.
How do F&O charges compare?
Dhan: ₹20 per order. HDFC Sky: Options ₹20 per order; futures lower of ₹20 or 2.5%. On the options example the round trip costs ₹184.95 on Dhan and ₹184.95 on HDFC Sky.
How do DP charges compare?
Dhan: ₹12.50 + GST per ISIN sold. HDFC Sky: ₹20 per demat transaction (GST not stated).
Is STT different between brokers?
No. 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. It is the same at every broker.
Sources
Dhan: Dhan pricing page. HDFC Sky: HDFC Sky 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.
