Charges at a glance
HDFC Sky runs a single flat-rate pricing model — there are no separate value plans or subscription tiers. The same ₹20-or-2.5% (whichever is lower) brokerage applies to equity, F&O, currency and commodity segments, with options capped at a flat ₹20/order.
About HDFC Sky
HDFC Sky is the discount broking platform from HDFC Securities Ltd — a subsidiary of HDFC Bank — launched in 2023. It is registered with SEBI and is a depository participant with both CDSL and NSDL, offering equity, F&O, currency and commodity derivatives, IPOs, mutual funds, ETFs, global investing in US stocks and more through a single trading-cum-demat account.
HDFC Sky is built around a simple, flat brokerage structure — ₹20 or 2.5% of order value, whichever is lower, across nearly every segment, with options capped at a flat ₹20 per order. Backed by HDFC Securities' research desk and the HDFC brand, it positions itself as a low-cost alternative to HDFC Securities' full-service plans while keeping access to research, MTF and algo-trading tools.
Platforms
HDFC Sky App & Web
Free mobile and web trading platform covering equities, F&O, currency, commodity, IPOs, ETFs, mutual funds and global investing.
NxtOption (Open API)
Free developer API for building custom trading and algo strategies on top of HDFC Sky.
TradingView Integration
Trade directly from tv.hdfcsky.com with TradingView's charting and technical-analysis tools.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | ₹20 or 2.5% per order, whichever is lower | ₹20 or 2.5% per order, whichever is lower | ₹20 or 2.5% per order, whichever is lower (intraday & carry-forward) | Flat ₹20/order (intraday & carry-forward) |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium); 0.15% of intrinsic value if exercised |
| Transaction charges | NSE 0.00297% / BSE 0.00375% | NSE 0.00297% / BSE 0.00375% | NSE 0.00183% / BSE 0% | NSE 0.03553% / BSE 0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
HDFC Sky also offers currency derivatives at the same ₹20-or-2.5% structure (₹20/order flat for options) — confirm current rates on hdfcsky.com before trading.
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | ₹20 or 2.5% per order, whichever is lower | Flat ₹20/order |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NSE 0.0001% | MCX 0.0418% / NSE 0.001% |
| SEBI charges | Agri ₹1/crore, Non-agri ₹10/crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Mutual funds
- HDFC Sky offers mutual fund investing at zero brokerage; check hdfcsky.com for whether Direct or Regular plans are offered for a specific fund.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account | free |
| HUF account | not published — confirm with HDFC Sky |
| NRI account | not published — confirm with HDFC Sky |
Demat AMC (Annual Maintenance Charge)
HDFC Sky waives demat AMC for the first year, then charges ₹20/month (₹240/year) from the second year onwards. BSDA-eligible accounts follow SEBI's BSDA holding-value thresholds and a lower monthly rate. The trading account itself carries no AMC.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- Simple flat brokerage — ₹20 or 2.5% (whichever lower), options capped at ₹20/order, across nearly every segment
- Backed by HDFC Securities' research desk and the wider HDFC Bank brand
- Broad product range — equities, F&O, currency & commodity derivatives, IPOs, ETFs, mutual funds, MTF, algo trading and global (US) investing
- Free account opening and a first-year AMC waiver on the demat account
What to watch for
- ₹20 flat brokerage is higher than the ₹0-delivery pricing some other discount brokers offer
- Demat AMC of ₹20/month applies from the second year, unlike brokers with lifetime-free demat
- Some charges (DP charges, HUF/NRI account fees) are not clearly published — confirm on hdfcsky.com before opening
Read what customers say about HDFC Sky
Overall rating 2.0/5 based on 2 customer reviews — or share your own experience.