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HDFC SKY vs Zerodha (Compare HDFC SKY and Zerodha)

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 Zerodha, Below comparison of HDFC SKY vs Zerodha 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 Zerodha is given below:

HDFC SKY

Zerodha

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	HDFC SKY	Zerodha

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

Zerodha :

Zerodha is the innovator of the discount broking model in India, Infect, it brought the concept of discount broking in India and post that >>> more

Find More Information about the Broker :

HDFC SKY :

OVERVIEW

Zerodha :

OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING

Type of Broker

HDFC SKY :

Discount Broker

Zerodha :

Discount Broker

Promo/offers

HDFC SKY :

N/A

Zerodha :

Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.

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

Zerodha :

✔ What Zerodha Does Well

✓ Zero brokerage on equity delivery

✓ ₹20 flat fee makes large F&O trades cheap

✓ Kite — best-designed Indian broker platform

✓ Varsity education — world-class and completely free

✓ Coin saves 1–1.5%/year vs regular MF plans

✓ Full pricing and outage transparency

✓ Zero-debt company — financially very stable

✓ GTT orders for hands-off long-term investing

✓ SEBI-regulated, CDSL custody — securities are safe

✓ Free IPO applications via UPI/ASBA

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

Zerodha :

✘ Where Zerodha Falls Short

No advisory, no stock tips, no research
Ticket-only support — no live chat
NRI account opening is offline only
DP charge ₹15.34/scrip surprises many investors
Call & Trade at ₹50/call is expensive
₹300/yr AMC — not zero like Groww/Finvasia
No 3-in-1 integrated banking account
No international trading
No margin funding for delivery purchases
the lack of free API for retail users

Why This

HDFC SKY :

Zerodha :

Zerodha Charge flat rate of ₹20 per executed order.
Zerodha does not charge any brokerage on Equity delivery transactions.
Zerodha provides platform to invest in mutual funds.
Innovative trading platform.
No upfront fee, no minimum brokerage and no minimum contract charges.
The largest stockbroker by active clients, market volume.
Zero brokerage Direct Mutual Funds.
Offers up to 20x leverage on intraday trading.

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HDFC SKY vs Zerodha Account Opening & AMC Charges

- and Zerodha Trading Account Opening Fee is Rs 200 . - and Zerodha Demat Account AMC is Rs 300 .

	HDFC SKY	Zerodha
Trading Account Opening Fee	Trading Account Opening Fee : -	Trading Account Opening Fee : Rs 200
Demat Account Opening Fee	Demat Account Opening Fee : -	Demat Account Opening Fee : Rs 0
Demat Account AMC	Demat Account AMC : -	Demat Account AMC : Rs 300
Trading Account AMC	Trading Account AMC : -	Trading Account AMC : Rs 0 (Free)
	Open Account	Open Account

HDFC SKY vs Zerodha Brokerage Charges

HDFC SKY Brokerage Charges Zerodha Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 20 per executed order or .03% whichever is lower and Equity Options is Rs 20 per executed order .

	HDFC SKY	Zerodha
Plan Name	-	Plan Name : Standard Plan
Equity Delivery	-	Equity Delivery : Rs 0 (Free)
Equity Intraday	-	Equity Intraday : Rs 20 per executed order or .03% whichever is lower
Equity Future	-	Equity Future : Rs 20 per executed order or .03% whichever is lower
Equity Options	-	Equity Options : Rs 20 per executed order
Currency Futures	-	Currency Futures : Rs 20 per executed order or .03% whichever is lower
Currency Options	-	Currency Options : Rs 20 per executed order or .03% whichever is lower
Monthly Fee	-	Monthly Fee : -
Margin Trading	-	Margin Trading : Rs 20
Commodity Futures	-	Commodity Futures : Rs 20 per executed order or .03% whichever is lower
Commodity Options	-	Commodity Options : Rs 20 per executed order or .03% whichever is lower
	Open Account	Open Account

HDFC SKY vs Zerodha Exchange Transaction Charges

HDFC SKY Exchange Transaction Charges - and - . Zerodha Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) .

	HDFC SKY	Zerodha
Equity Delivery	Equity Delivery : -	Equity Delivery : NSE Rs 335 per Cr (0.00335%) \| BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday	Equity Intraday : -	Equity Intraday : NSE Rs 335 per Cr (0.00335%) \| BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Future *	Equity Future : -	Equity Future : NSE Rs 190 per Cr (0.0019%) \| BSE Rs 0
Equity Options *	Equity Options : -	Equity Options : NSE Rs 5050 per Cr (0.0505%) \| BSE Rs 500 per Cr (0.005%) (on premium)
Currency Futures *	Currency Futures : -	Currency Futures : NSE Rs 90 per Cr (0.0009%) \| BSE Rs 90 per Cr (0.0009%)
Currency Options	Currency Options : -	Currency Options : NSE Rs 3500 per Cr (0.035%) \| BSE Rs 100 per Cr (0.001%) (on premium)
Commodity	Commodity : -	Commodity : Group A - Rs 260 per Cr (0.0026%)
	Open Account	Open Account

HDFC SKY vs Zerodha Other Charges

HDFC SKY and . Zerodha Minimum Brokerage is 0.03% in Intraday and F&O and Call & Trade is Rs 50 per executed order .

	HDFC SKY	Zerodha
Minimum Brokerage	Minimum Brokerage : -	Minimum Brokerage : 0.03% in Intraday and F&O
Call & Trade	Call & Trade : -	Call & Trade : Rs 50 per executed order
Stamp Duty *	Stamp Duty : -	Stamp Duty : Delivery: 0.015%, Intraday: 0.003%,
DP Charges (on sell side)	DP Charges (on sell side) : -	DP Charges (on sell side) : ₹13.5 per scrip
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS
	Open Account	Open Account

HDFC SKY vs Zerodha Features

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

	HDFC SKY	Zerodha
Trading Platform	Trading Platform : -	Trading Platform : Kite Web, Kite Mobile for Android/iOS and Coin
Placing orders through charts	Placing orders through charts : -	Placing orders through charts : Yes
Trading Alerts	Trading Alerts : -	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : -	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : -	Detailed Education Initiatives : Yes
Unique features & Offers	Unique features & Offers : -	Unique features & Offers : -
Referral Program	Referral Program : -	Referral Program : 1
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
	Open Account	Open Account

HDFC SKY vs Zerodha Demat Account Charges

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

	HDFC SKY	Zerodha
Depository Service Provider	Depository Service Provider : -	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : -	Account Opening Fee : Rs 50 (Stamp charges payable upfront)
Advance Deposit	Advance Deposit : -	Advance Deposit : Rs 0
AMC	AMC : -	AMC : Individuals/Non Individual (except Corporate) - Rs 300 + GST Non Individual - Corporate - Rs 1000
Dematerialisation Charges	Dematerialisation Charges : -	Dematerialisation Charges : Rs 150 per certificate (+ Rs 100 Courier charges)
Rematerialisation Charges	Rematerialisation Charges : -	Rematerialisation Charges : Rs 150 per certificate + CDSL charges + Rs 100 Courier charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : -	Transaction Charges (debit) : Rs 8 + Rs 5.5 (CDSL charges)
Pledge Creation Charges	Pledge Creation Charges : -	Pledge Creation Charges : Rs 30 per request + GST
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : Rs 0
Pledge Invocation Charges	Pledge Invocation Charges : -	Pledge Invocation Charges : Rs 20
Failed Instruction Charges	Failed Instruction Charges : -	Failed Instruction Charges : Rs 50 per ISIN
Other Charges	Other Charges : -	Other Charges : Cheque Bounce: Rs 350 Physical Statement - Rs 50 (+Courier charges at actual) Modification in CML - Rs 25 per request KRA Upload / Download - Rs 50 per request Note: Interest at 18% p.a is charged on the outstanding bill amount if not paid within the due date.
	Open Account	Open Account

HDFC SKY vs Zerodha Basic Details

HDFC SKY and and . Zerodha Year of Incorporation is 2010 and Total Number of Clients is 6862233 and Total Number of Branches is 22 .

	HDFC SKY	Zerodha
Year of Incorporation	Year of Incorporation : -	Year of Incorporation : 2010
Active Exchange Memberships	Active Exchange Memberships : -	Active Exchange Memberships : NSE, BSE, MCX and NCDEX
Demat Services	Demat Services : -	Demat Services : No
Website	Website : -	Website : https://zerodha.com
Contact Details	Contact Details : -	Contact Details : 080-40402020
Total Number of Clients	Total Number of Clients : -	Total Number of Clients : 6,862,233
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 22
Products *	Products : -	Products : Kite Web, Kite Mobile for Android/iOS and Coin
	Open Account	Open Account

HDFC SKY vs Zerodha Orders

Orders

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

HDFC SKY vs Zerodha Research and Advice / Trading Tips

Research and Advice / Trading Tips

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

HDFC SKY vs Zerodha Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	HDFC SKY	Zerodha
Availability for franchisee / AP	Availability for franchisee / AP : -	Availability for franchisee / AP : Yes
Investment required for Franchisee / AP	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : Rs.11,000
	Open Account	Open Account

HDFC SKY vs Zerodha Product & Services

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

HDFC SKY vs Zerodha Customer Services

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

HDFC SKY vs Zerodha Other Investement

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

HDFC SKY vs Zerodha Trading Platform

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