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HDFC SKY vs INDmoney (Compare HDFC SKY and INDmoney)
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 HDFC SKY vs INDmoney, Below comparison of HDFC SKY vs INDmoney 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 HDFC SKY vs INDmoney is given below:
|
HDFC SKY
|
INDmoney
|
| About The Brokers |
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
|
INDmoney :
INDmoney is not competing primarily as a discount broker — it is competing as a financial super-app. For investors who want Indian stocks >>> more
|
| Find More Information about the Broker : |
HDFC SKY :
OVERVIEW
|
INDmoney :
OVERVIEW
|
| Type of Broker |
HDFC SKY :
Discount Broker
|
INDmoney :
Discount Broker
|
| Promo/offers |
HDFC SKY :
N/A
|
INDmoney :
N/A
|
| Advantage |
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
|
|
|
INDmoney :
|
✔ What INDmoney Does Well
|
✓
|
9,000+ US stocks from one Indian app — largest US stock coverage
|
|
✓
|
Fractional US stock investing from just $1
|
|
✓
|
US stock SIPs — unique automated US investing from India
|
|
✓
|
₹0 AMC + ₹0 account opening
|
|
✓
|
True super-app: Indian stocks + US stocks + 1600+ MF + FD + NPS + insurance
|
|
✓
|
Net worth tracker aggregating all financial accounts
|
|
✓
|
Family accounts — manage spouse/parents accounts in one dashboard
|
|
✓
|
Tax calculator integrated in-app
|
|
✓
|
SIPC protection on US stocks up to $500,000
|
| ✓ |
MTF 4x at 0.04%/day — competitive rate |
|
|
| Disadvantage |
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 |
|
INDmoney :
✘ Where INDmoney Falls Short
|
✗
|
DP charge ₹18.5+GST — highest among reviewed brokers; impacts regular delivery sellers
|
|
✗
|
Indian F&O brokerage ₹20 — same as standard, no differentiation
|
|
✗
|
No commodity (MCX) trading |
|
✗
|
No currency (forex) derivatives
|
|
✗
|
No NRI accounts |
|
✗
|
Customer support reported as slow — 2-3 day email response times
|
|
✗
|
US stock forex conversion 0.5%–1.2% from bank — not INDmoney's charge, but a real cost
|
|
✗
|
No advanced F&O tools vs Dhan/Zerodha
|
| ✗ |
US stock repatriation takes 3–7 business days |
|
| Why This |
HDFC SKY :
|
INDmoney :
|
|
|
|
HDFC SKY vs INDmoney Account Opening & AMC Charges
-
and
-
.
-
and
-
.
|
HDFC SKY
|
INDmoney
|
|
Trading Account Opening Fee
|
Trading Account Opening Fee
:
-
|
Trading Account Opening Fee
:
-
|
|
Demat Account Opening Fee
|
Demat Account Opening Fee
:
-
|
Demat Account Opening Fee
:
-
|
|
Demat Account AMC
|
Demat Account AMC
:
-
|
Demat Account AMC
:
-
|
|
Trading Account AMC
|
Trading Account AMC
:
-
|
Trading Account AMC
:
-
|
|
|
|
HDFC SKY vs INDmoney Brokerage Charges
HDFC SKY Brokerage Charges
INDmoney Brokerage Charges
|
HDFC SKY
|
INDmoney
|
| Plan Name |
- |
- |
|
Equity Delivery
|
- |
- |
|
Equity Intraday
|
- |
- |
|
Equity Future
|
- |
- |
|
Equity Options
|
- |
- |
|
Currency Futures
|
- |
- |
|
Currency Options
|
- |
- |
|
Monthly Fee
|
- |
- |
|
Margin Trading
|
- |
- |
|
Commodity Futures
|
- |
- |
|
Commodity Options
|
- |
- |
|
|
|
HDFC SKY vs INDmoney Exchange Transaction Charges
HDFC SKY Exchange Transaction Charges
-
and
-
.
INDmoney Exchange Transaction Charges
-
and
-
.
|
HDFC SKY
|
INDmoney
|
|
Equity Delivery
|
Equity Delivery
:
-
|
Equity Delivery
:
-
|
|
Equity Intraday
|
Equity Intraday
:
-
|
Equity Intraday
:
-
|
|
Equity Future
*
|
Equity Future
:
-
|
Equity Future
:
-
|
|
Equity Options
*
|
Equity Options
:
-
|
Equity Options
:
-
|
|
Currency Futures
*
|
Currency Futures
:
-
|
Currency Futures
:
-
|
|
Currency Options
|
Currency Options
:
-
|
Currency Options
:
-
|
|
Commodity
|
Commodity
:
-
|
Commodity
:
-
|
|
|
|
HDFC SKY vs INDmoney Other Charges
HDFC SKY
and
.
INDmoney
and
.
|
HDFC SKY
|
INDmoney
|
|
Minimum Brokerage
|
Minimum Brokerage
:
-
|
Minimum Brokerage
:
-
|
|
Call & Trade
|
Call & Trade
:
-
|
Call & Trade
:
-
|
|
Stamp Duty
*
|
Stamp Duty
:
-
|
Stamp Duty
:
-
|
|
DP Charges (on sell side)
|
DP Charges (on sell side)
:
-
|
DP Charges (on sell side)
:
-
|
|
Other Miscellaneous Charges
|
Other Miscellaneous Charges
:
-
|
Other Miscellaneous Charges
:
-
|
|
|
|
HDFC SKY vs INDmoney Features
HDFC SKY
and
INDmoney
both
offer a host of features, trading tools & platforms to their clients. Their comparative
analysis is in the below table:
|
HDFC SKY
|
INDmoney
|
|
Trading Platform
|
Trading Platform
:
-
|
Trading Platform
:
-
|
|
Placing orders through charts
|
Placing orders through charts
:
-
|
Placing orders through charts
:
-
|
|
Trading Alerts
|
Trading Alerts
:
-
|
Trading Alerts
:
-
|
|
Research and Advice / Trading Tips
|
Research and Advice / Trading Tips
:
-
|
Research and Advice / Trading Tips
:
-
|
|
Detailed Education Initiatives
|
Detailed Education Initiatives
:
-
|
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)
:
Yes
|
Margin Against Shares (Equity Cash)
:
Yes
|
|
Margin Against Shares (Equity F&O)
*
|
Margin Against Shares (Equity F&O)
:
Yes
|
Margin Against Shares (Equity F&O)
:
Yes
|
|
|
|
HDFC SKY vs INDmoney Demat Account Charges
A comparative table of various demat account charges between
HDFC SKY
and
INDmoney
is below:
|
HDFC SKY
|
INDmoney
|
|
Depository Service Provider
|
Depository Service Provider
:
-
|
Depository Service Provider
:
-
|
|
Account Opening Fee
|
Account Opening Fee
:
-
|
Account Opening Fee
:
-
|
|
Advance Deposit
|
Advance Deposit
:
-
|
Advance Deposit
:
-
|
|
AMC
|
AMC
:
-
|
AMC
:
-
|
|
Dematerialisation Charges
|
Dematerialisation Charges
:
-
|
Dematerialisation Charges
:
-
|
|
Rematerialisation Charges
|
Rematerialisation Charges
:
-
|
Rematerialisation Charges
:
-
|
|
Transaction Charges (Credit)
|
Transaction Charges (Credit)
:
-
|
Transaction Charges (Credit)
:
-
|
|
Transaction Charges (debit)
|
Transaction Charges (debit)
:
-
|
Transaction Charges (debit)
:
-
|
|
Pledge Creation Charges
|
Pledge Creation Charges
:
-
|
Pledge Creation Charges
:
-
|
|
Pledge Creation Confirmation Charges
|
Pledge Creation Confirmation Charges
:
-
|
Pledge Creation Confirmation Charges
:
-
|
|
Pledge Invocation Charges
|
Pledge Invocation Charges
:
-
|
Pledge Invocation Charges
:
-
|
|
Failed Instruction Charges
|
Failed Instruction Charges
:
-
|
Failed Instruction Charges
:
-
|
|
Other Charges
|
Other Charges
:
-
|
Other Charges
:
-
|
|
|
|
HDFC SKY vs INDmoney Basic Details
HDFC SKY
and
and
.
INDmoney
and
Total Number of Clients is 838493
and
.
|
HDFC SKY
|
INDmoney
|
|
Year of Incorporation
|
Year of Incorporation
:
-
|
Year of Incorporation
:
-
|
|
Active Exchange Memberships
|
Active Exchange Memberships
:
-
|
Active Exchange Memberships
:
-
|
|
Demat Services
|
Demat Services
:
-
|
Demat Services
:
-
|
|
Website
|
Website
:
-
|
Website
:
-
|
|
Contact Details
|
Contact Details
:
-
|
Contact Details
:
-
|
|
Total Number of Clients
|
Total Number of Clients
:
-
|
Total Number of Clients
:
838,493
|
|
Total Number of Branches
|
Total Number of Branches
:
-
|
Total Number of Branches
:
-
|
|
Products
*
|
Products
:
-
|
Products
:
-
|
|
|
|
HDFC SKY vs INDmoney Orders
Orders
|
HDFC SKY
|
INDmoney
|
|
Cover Orders (CO)
|
Cover Orders (CO)
:
-
|
Cover Orders (CO)
:
-
|
|
Bracket orders / One Cancels Other (BO / OCO)
|
Bracket orders / One Cancels Other (BO / OCO)
:
-
|
Bracket orders / One Cancels Other (BO / OCO)
:
-
|
|
After Market Orders (AMO)
|
After Market Orders (AMO)
:
-
|
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)
:
Yes
|
Sell Today Buy Tomorrow (STBT)
:
Yes
|
|
Good Till Cancelled (GTC)
*
|
Good Till Cancelled (GTC)
:
Yes
|
Good Till Cancelled (GTC)
:
Yes
|
|
|
|
HDFC SKY vs INDmoney Research and Advice / Trading Tips
Research and Advice / Trading Tips
|
HDFC SKY
|
INDmoney
|
|
Equity Trading Recommendation
*
|
Equity Trading Recommendation
:
-
|
Equity Trading Recommendation
:
-
|
|
Equity Investment Recommendation
*
|
Equity Investment Recommendation
:
-
|
Equity Investment Recommendation
:
-
|
|
Recommendation basis risk Profile
*
|
Recommendation basis risk Profile
:
-
|
Recommendation basis risk Profile
:
-
|
|
Comparison
*
|
Comparison
:
-
|
Comparison
:
-
|
|
Free Tips
*
|
Free Tips
:
-
|
Free Tips
:
-
|
|
Daily Market report
*
|
Daily Market report
:
-
|
Daily Market report
:
-
|
|
ETF research
*
|
ETF research
:
-
|
ETF research
:
-
|
|
Quarterly Results
*
|
Quarterly Results
:
-
|
Quarterly Results
:
-
|
|
|
|
HDFC SKY vs INDmoney Franchisee / Authorized Person related information
Franchisee / Authorized Person related information
|
HDFC SKY
|
INDmoney
|
|
Availability for franchisee / AP
|
Availability for franchisee / AP
:
-
|
Availability for franchisee / AP
:
-
|
|
Investment required for Franchisee / AP
|
Investment required for Franchisee / AP
:
-
|
Investment required for Franchisee / AP
:
-
|
|
|
|
HDFC SKY vs INDmoney Product & Services
HDFC SKY
and
INDmoney
both
offer a host of Products & Services for a better trading experience for their clients.
Their comparative analysis is in the below table:
|
HDFC SKY
|
INDmoney
|
|
Delivery Based Trading
*
|
Delivery Based Trading
:
-
|
Delivery Based Trading
:
-
|
|
Margin Trading
*
|
Margin Trading
:
-
|
Margin Trading
:
-
|
|
Call N Trade
*
|
Call N Trade
:
-
|
Call N Trade
:
-
|
|
Trading in Both the exchanges
*
|
Trading in Both the exchanges
:
-
|
Trading in Both the exchanges
:
-
|
|
Limit Order
*
|
Limit Order
:
-
|
Limit Order
:
-
|
|
3-in-1 On-line Trading Account
*
|
3-in-1 On-line Trading Account
:
-
|
3-in-1 On-line Trading Account
:
-
|
|
NRI Services
*
|
NRI Services
:
-
|
NRI Services
:
-
|
|
SMS Alerts
*
|
SMS Alerts
:
-
|
SMS Alerts
:
-
|
|
Offers Multiple Plan
*
|
Offers Multiple Plan
:
-
|
Offers Multiple Plan
:
-
|
|
IPO Investment
*
|
IPO Investment
:
-
|
IPO Investment
:
-
|
|
Portfolio Analysis
*
|
Portfolio Analysis
:
-
|
Portfolio Analysis
:
-
|
|
Advanced Charting Features
*
|
Advanced Charting Features
:
-
|
Advanced Charting Features
:
-
|
|
Brokerage Calculator
*
|
Brokerage Calculator
:
-
|
Brokerage Calculator
:
-
|
|
Margin Calculator
*
|
Margin Calculator
:
-
|
Margin Calculator
:
-
|
|
Stop Loss Order
*
|
Stop Loss Order
:
-
|
Stop Loss Order
:
-
|
|
Bracket Orders & Trailing Stop Loss
*
|
Bracket Orders & Trailing Stop Loss
:
-
|
Bracket Orders & Trailing Stop Loss
:
-
|
|
Equity Future & Option Trading
*
|
Equity Future & Option Trading
:
-
|
Equity Future & Option Trading
:
-
|
|
Currency Future & Option Trading
*
|
Currency Future & Option Trading
:
-
|
Currency Future & Option Trading
:
-
|
|
Market Trading
*
|
Market Trading
:
-
|
Market Trading
:
-
|
|
Monthly & Yearly Plan
*
|
Monthly & Yearly Plan
:
-
|
Monthly & Yearly Plan
:
-
|
|
Aumtomated Trading
*
|
Aumtomated Trading
:
-
|
Aumtomated Trading
:
-
|
|
|
|
HDFC SKY vs INDmoney Customer Services
HDFC SKY
and
INDmoney
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:
|
HDFC SKY
|
INDmoney
|
|
Toll Free Number
*
|
Toll Free Number
:
-
|
Toll Free Number
:
-
|
|
Live Chat Facility
*
|
Live Chat Facility
:
-
|
Live Chat Facility
:
-
|
|
Email Facility
*
|
Email Facility
:
-
|
Email Facility
:
-
|
|
Branch Offices
*
|
Branch Offices
:
-
|
Branch Offices
:
-
|
|
Customer Care
*
|
Customer Care
:
-
|
Customer Care
:
-
|
|
Community Service
*
|
Community Service
:
-
|
Community Service
:
-
|
|
Relationship Manager
*
|
Relationship Manager
:
-
|
Relationship Manager
:
-
|
|
24/7 Support
*
|
24/7 Support
:
-
|
24/7 Support
:
-
|
|
|
|
HDFC SKY vs INDmoney Other Investement
HDFC SKY
and
INDmoney
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:
|
HDFC SKY
|
INDmoney
|
|
Commodity Trading
*
|
Commodity Trading
:
-
|
Commodity Trading
:
-
|
|
Investment in ETFs
*
|
Investment in ETFs
:
-
|
Investment in ETFs
:
-
|
|
Investment in Mutual Funds
*
|
Investment in Mutual Funds
:
-
|
Investment in Mutual Funds
:
-
|
|
Investment in Bonds
*
|
Investment in Bonds
:
-
|
Investment in Bonds
:
-
|
|
Investment in Corporate Debt instruments
*
|
Investment in Corporate Debt instruments
:
-
|
Investment in Corporate Debt instruments
:
-
|
|
Insurance Services
*
|
Insurance Services
:
-
|
Insurance Services
:
-
|
|
Banking Services
*
|
Banking Services
:
-
|
Banking Services
:
-
|
|
|
|
HDFC SKY vs INDmoney Trading Platform
HDFC SKY
and
INDmoney
both
offer a host of Trading Platform for a better trading experience for their clients.
Their comparative analysis is in the below table:
|
HDFC SKY
|
INDmoney
|
|
Web Platform
*
|
Web Platform
:
-
|
Web Platform
:
-
|
|
Android Mobile App
*
|
Android Mobile App
:
-
|
Android Mobile App
:
-
|
|
Desktop Windows
*
|
Desktop Windows
:
-
|
Desktop Windows
:
-
|
|
Desktop Mac
*
|
Desktop Mac
:
-
|
Desktop Mac
:
-
|
|
I-Pad App
*
|
I-Pad App
:
-
|
I-Pad App
:
-
|
|
Virtual Trading
*
|
Virtual Trading
:
-
|
Virtual Trading
:
-
|
|
iPhone Mobile App
*
|
iPhone Mobile App
:
-
|
iPhone Mobile App
:
-
|
| Contact Now |
|
|
|
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