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Groww vs HDFC SKY (Compare Groww and HDFC SKY)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Groww vs HDFC SKY, Below comparison of Groww vs HDFC SKY highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Groww vs HDFC SKY is given below:

Groww

HDFC SKY

	Groww	HDFC SKY

About The Brokers

Groww :

"Groww is one of India's fastest-growing platforms and undoubtedly the best platform for brokerage-free Direct mutual funds investment. They have a strong customer bas >>> more

HDFC SKY :

HDFC SKY is the discount broking platform launched by HDFC Securities Ltd in 2023 — making it India's only bank-backed discount broker. >>> more

Find More Information about the Broker :

Groww :

OVERVIEW BROKERAGE PRODUCTS & SERVICES

HDFC SKY :

OVERVIEW

Type of Broker

Groww :

Discount Broker

HDFC SKY :

Discount Broker

Promo/offers

Groww :

N/A

HDFC SKY :

N/A

Advantage

Groww :

✔ What Groww Does Well

✓	₹0 AMC for life — no conditions, no BSDA, permanent
✓	Direct mutual fund plans — lowest expense ratios
✓	Best-in-class mobile app — most intuitive for beginners
✓	US stocks investing available directly from the app
✓	SME share trading available — Zerodha does not offer this
✓	Fastest account opening — live in under 10 minutes
✓	All-in-one: stocks, MF, IPO, ETF, gold, FD in one app
✓	IPO applications free via UPI/ASBA
✓	Digital gold & fixed deposits available in-app
✓	SEBI-registered, CDSL + NSDL registered DP

HDFC SKY :

✔ What HDFC SKY Does Well

✓	India's only bank-backed discount broker — HDFC Bank Group institutional safety
✓	Free access to 23 years of HDFC Securities research — equity, F&O, ETF recommendations
✓	US stocks — fractional shares from $1, Apple/Google/Amazon etc.
✓	MTF at 12% p.a. — lowest in India (0% first 30 days); competitors charge 18–21%
✓	Both CDSL and NSDL DP — unique among discount brokers
✓	3-in-1 account with HDFC Bank — seamless fund transfers
✓	InstaOptions + NxtOption — dedicated F&O platforms with option chain analytics
✓	TradingView at tv.hdfcsky.com — advanced charting integrated
✓	Open API for algo traders
✓	ETF brokerage free for 30 days after account opening

Disadvantage

Groww :

✘ Where Groww Falls Short

✗	Delivery brokerage ₹20 or 0.1% — unlike Zerodha's ₹0
✗	UPI mandate brokerage is 1% with NO cap — major trap
✗	NRI accounts NOT available
✗	GTT orders NOT available
✗	No research, no stock tips, no advisory at all
✗	No physical branches — 100% online only
✗	Customer support is email/chat only — slow response
✗	Trading terminal less advanced than Zerodha Kite
✗	No 3-in-1 integrated banking account
✗	F&O intraday leverage only 1.3x — lower than most brokers

HDFC SKY :

✘ Where HDFC SKY Falls Short

✗	₹20 delivery brokerage — not free, unlike Zerodha, Groww, ProStocks, Shoonya
✗	AMC ₹240/yr from year 2 — Groww, Shoonya, ProStocks, Fyers, Alice Blue all ₹0 lifetime
✗	Auto square-off ₹50+GST per position
✗	NRI restrictions — US and Canada NRIs cannot open accounts
✗	Launched 2023 — newer platform with less operating history than Zerodha/Fyers
✗	Customer care hours Mon–Sat 9AM–5PM only (no evening/weekend support)
✗	Cannot maintain HDFC Securities + HDFC SKY accounts simultaneously (SEBI rule)
✗	US stock brokerage 5 cents/share (not flat fee) — costlier for high-price stocks
✗	Limited intraday access for NRIs

Why This

Groww :

Groww charge Rs.20 per executed order or 0.05% of order value (whichever is lower) for delivery trade.
Equity intraday trade at Rs. 20 or 0.05% (whichever is lower)
Groww provides mutual funds investment at Zero Fees, No transaction charges,
100% paperless online Demat account opening
128 bit SSL Encryption
Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost
No DP charges on buy.
Highly rated Groww mobile App
Facility to invest in US Stocks

HDFC SKY :

Groww vs HDFC SKY Account Opening & AMC Charges

Groww Trading Account Opening Fee is Rs 0 (Free) and - . Groww Demat Account AMC is Rs 0 and - .

	Groww	HDFC SKY
Trading Account Opening Fee	Trading Account Opening Fee : Rs 0 (Free)	Trading Account Opening Fee : -
Demat Account Opening Fee	Demat Account Opening Fee : Rs 0	Demat Account Opening Fee : -
Demat Account AMC	Demat Account AMC : Rs 0	Demat Account AMC : -
Trading Account AMC	Trading Account AMC : Rs 0	Trading Account AMC : -

Groww vs HDFC SKY Brokerage Charges

Groww Brokerage Charges Equity Delivery is Rs 20 per executed order or 0.05% whichever is lower and Equity Intraday is Rs 20 per executed order or 0.05% whichever is lower and Equity Options is Rs 20 per executed order . HDFC SKY Brokerage Charges

	Groww	HDFC SKY
Plan Name	Plan Name : Basic Plan	-
Equity Delivery	Equity Delivery : Rs 20 per executed order or 0.05% whichever is lower	-
Equity Intraday	Equity Intraday : Rs 20 per executed order or 0.05% whichever is lower	-
Equity Future	Equity Future : Rs 20 per executed order	-
Equity Options	Equity Options : Rs 20 per executed order	-
Currency Futures	Currency Futures : NA	-
Currency Options	Currency Options : NA	-
Monthly Fee	Monthly Fee : NA	-
Margin Trading	Margin Trading : -	-
Commodity Futures	Commodity Futures : NA	-
Commodity Options	Commodity Options : NA	-

Groww vs HDFC SKY Exchange Transaction Charges

Groww Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium) . HDFC SKY Exchange Transaction Charges - and - .

	Groww	HDFC SKY
Equity Delivery	Equity Delivery : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (each side)	Equity Delivery : -
Equity Intraday	Equity Intraday : NSE Rs 325 per Cr (0.00325%) \| BSE Rs 375 per Cr (0.00375%) (sell side)	Equity Intraday : -
Equity Future *	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0	Equity Future : -
Equity Options *	Equity Options : NSE Rs 5000 per Cr (0.05%) \| BSE Rs 3750 per Cr (0.0375%) (on premium)	Equity Options : -
Currency Futures *	Currency Futures : -	Currency Futures : -
Currency Options	Currency Options : (on premium)	Currency Options : -
Commodity	Commodity : NA	Commodity : -

Groww vs HDFC SKY Other Charges

Groww Minimum Brokerage is Rs 20 or 0.05% per executed order and Call & Trade is NA . HDFC SKY and .

	Groww	HDFC SKY
Minimum Brokerage	Minimum Brokerage : Rs 20 or 0.05% per executed order	Minimum Brokerage : -
Call & Trade	Call & Trade : NA	Call & Trade : -
Stamp Duty *	Stamp Duty : -	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : ₹8 + ₹5.50 (CDSL Charges) per ISIN	DP Charges (on sell side) : -
Other Miscellaneous Charges	Other Miscellaneous Charges : Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50	Other Miscellaneous Charges : -

Groww vs HDFC SKY Features

Groww and HDFC SKY both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Groww	HDFC SKY
Trading Platform	Trading Platform : Groww	Trading Platform : -
Placing orders through charts	Placing orders through charts : No	Placing orders through charts : -
Trading Alerts	Trading Alerts : Yes	Trading Alerts : -
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : -
Detailed Education Initiatives	Detailed Education Initiatives : No	Detailed Education Initiatives : -
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : -	Referral Program : -
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : No	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : No	Margin Against Shares (Equity F&O) : Yes

Groww vs HDFC SKY Demat Account Charges

A comparative table of various demat account charges between Groww and HDFC SKY is below:

	Groww	HDFC SKY
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : -
Account Opening Fee	Account Opening Fee : â‚¹0 (Free)	Account Opening Fee : -
Advance Deposit	Advance Deposit : â‚¹0	Advance Deposit : -
AMC	AMC : â‚¹0 (Free)	AMC : -
Dematerialisation Charges	Dematerialisation Charges : â‚¹150 per certificate + courier charges	Dematerialisation Charges : -
Rematerialisation Charges	Rematerialisation Charges : â‚¹150 per certificate + courier charges	Rematerialisation Charges : -
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : â‚¹8 + â‚¹5.50 (CDSL Charges) per ISIN	Transaction Charges (debit) : -
Pledge Creation Charges	Pledge Creation Charges : â‚¹20 + â‚¹12 per request (CDSL Charges)	Pledge Creation Charges : -
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : -
Pledge Invocation Charges	Pledge Invocation Charges : â‚¹20	Pledge Invocation Charges : -
Failed Instruction Charges	Failed Instruction Charges : â‚¹50 per ISIN	Failed Instruction Charges : -
Other Charges	Other Charges : KYC Modification: â‚¹50	Other Charges : -

Groww vs HDFC SKY Basic Details

Groww Year of Incorporation is 2016 and Total Number of Clients is 12480505 and . HDFC SKY and and .

	Groww	HDFC SKY
Year of Incorporation	Year of Incorporation : 2016	Year of Incorporation : -
Active Exchange Memberships	Active Exchange Memberships : NSE and BSE	Active Exchange Memberships : -
Demat Services	Demat Services : No	Demat Services : -
Website	Website : https://groww.in/	Website : -
Contact Details	Contact Details : -	Contact Details : -
Total Number of Clients	Total Number of Clients : 12,480,505	Total Number of Clients : -
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : -
Products *	Products : GROWW MOBILE APP	Products : -

Groww vs HDFC SKY Orders

Orders

	Groww	HDFC SKY
Cover Orders (CO)	Cover Orders (CO) : No	Cover Orders (CO) : -
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : No	Bracket orders / One Cancels Other (BO / OCO) : -
After Market Orders (AMO)	After Market Orders (AMO) : No	After Market Orders (AMO) : -
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : No	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : Yes

Groww vs HDFC SKY Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Groww	HDFC SKY
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : -
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : -
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : -
Comparison *	Comparison : No	Comparison : -
Free Tips *	Free Tips : No	Free Tips : -
Daily Market report *	Daily Market report : No	Daily Market report : -
ETF research *	ETF research : No	ETF research : -
Quarterly Results *	Quarterly Results : No	Quarterly Results : -

Groww vs HDFC SKY Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Groww	HDFC SKY
Availability for franchisee / AP	Availability for franchisee / AP : NA	Availability for franchisee / AP : -
Investment required for Franchisee / AP	Investment required for Franchisee / AP : NA	Investment required for Franchisee / AP : -

Groww vs HDFC SKY Product & Services

Groww and HDFC SKY both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Groww	HDFC SKY
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : -
Margin Trading *	Margin Trading : No	Margin Trading : -
Call N Trade *	Call N Trade : NA	Call N Trade : -
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : -
Limit Order *	Limit Order : Yes	Limit Order : -
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : -
NRI Services *	NRI Services : No	NRI Services : -
SMS Alerts *	SMS Alerts : Yes	SMS Alerts : -
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : -
IPO Investment *	IPO Investment : YES	IPO Investment : -
Portfolio Analysis *	Portfolio Analysis : NO	Portfolio Analysis : -
Advanced Charting Features *	Advanced Charting Features : No	Advanced Charting Features : -
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : -
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : -
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : -
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : No	Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading *	Equity Future & Option Trading : No	Equity Future & Option Trading : -
Currency Future & Option Trading *	Currency Future & Option Trading : No	Currency Future & Option Trading : -
Market Trading *	Market Trading : Yes	Market Trading : -
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : -
Aumtomated Trading *	Aumtomated Trading : No	Aumtomated Trading : -

Groww vs HDFC SKY Customer Services

Groww and HDFC SKY both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Groww	HDFC SKY
Toll Free Number *	Toll Free Number : No	Toll Free Number : -
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : -
Email Facility *	Email Facility : Yes	Email Facility : -
Branch Offices *	Branch Offices : No	Branch Offices : -
Customer Care *	Customer Care : No	Customer Care : -
Community Service *	Community Service : No	Community Service : -
Relationship Manager *	Relationship Manager : No	Relationship Manager : -
24/7 Support *	24/7 Support : No	24/7 Support : -

Groww vs HDFC SKY Other Investement

Groww and HDFC SKY both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Groww	HDFC SKY
Commodity Trading *	Commodity Trading : No	Commodity Trading : -
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : -
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : -
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : -
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : -
Insurance Services *	Insurance Services : No	Insurance Services : -
Banking Services *	Banking Services : No	Banking Services : -

Groww vs HDFC SKY Trading Platform

Groww and HDFC SKY both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Groww	HDFC SKY
Web Platform *	Web Platform : Yes	Web Platform : -
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : -
Desktop Windows *	Desktop Windows : No	Desktop Windows : -
Desktop Mac *	Desktop Mac : No	Desktop Mac : -
I-Pad App *	I-Pad App : Yes	I-Pad App : -
Virtual Trading *	Virtual Trading : No	Virtual Trading : -
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : -
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