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New Discount Brokers - Share.market by PhonePe & Sky by HDFC

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Share.market by PhonePe - https://share.m...t/

Sky by HDFC - https://hdfcsk...m/

With the new entrants we now have at least ten discount brokers -

Zerodha

Groww

Upstox

Paytm Money 

5Paisa

Dhan

m.Stock

Angel One

Shoonya by Finvasia

Sky

Share.market

😅

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Top Comments
Deal Hunter Deal Hunter
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SOME IMPORTANT CHARGES:

HDFC Sky :

  • Delivery Order : ₹20 or 0.1% (Whichever is Lower)
  • Intraday Order : ₹20 or 0.1% (Whichever is Lower)
  • Account Opening Charges : Free
  • Demat AMC : ₹20 / Month (Free for first year)

Share.Market by Phonepe :

  • Equity Intraday : ₹20 per executed order or 0.05% whichever is lower
  • Equity Delivery : ₹20 per executed order or 0.05% whichever is lower
  • Account Opening Charges : 199 inclusive of GST (non refundable)
  • AMC : First Year Nil , Second Year Onwards ₹15 per month charged quarterly in advance
Helpful Helpful
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 I personally use finvasia for options ..zero brokerage 

Deal Hunter Deal Hunter
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SOME IMPORTANT CHARGES:

HDFC Sky :

  • Delivery Order : ₹20 or 0.1% (Whichever is Lower)
  • Intraday Order : ₹20 or 0.1% (Whichever is Lower)
  • Account Opening Charges : Free
  • Demat AMC : ₹20 / Month (Free for first year)

Share.Market by Phonepe :

  • Equity Intraday : ₹20 per executed order or 0.05% whichever is lower
  • Equity Delivery : ₹20 per executed order or 0.05% whichever is lower
  • Account Opening Charges : 199 inclusive of GST (non refundable)
  • AMC : First Year Nil , Second Year Onwards ₹15 per month charged quarterly in advance
Deal Cadet Deal Cadet
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Thanks for taking the time and listing charges, there are better options available with other discount brokers. 

if only equity investing, dhan is good.

if options/futures trading, finvasia is good.

I have an old account in zerodha, not using anymore, my balance is negative as he charges annual amc and even takes interest on it if we dont pay.

Rule of thumb when selecting discount broker 

AMC should be 0

Account Opening Fees should be 0

Equity Delivery should be 0

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Deal Hunter Deal Hunter
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SOME IMPORTANT CHARGES:

HDFC Sky :

  • Delivery Order : ₹20 or 0.1% (Whichever is Lower)
  • Intraday Order : ₹20 or 0.1% (Whichever is Lower)
  • Account Opening Charges : Free
  • Demat AMC : ₹20 / Month (Free for first year)

Share.Market by Phonepe :

  • Equity Intraday : ₹20 per executed order or 0.05% whichever is lower
  • Equity Delivery : ₹20 per executed order or 0.05% whichever is lower
  • Account Opening Charges : 199 inclusive of GST (non refundable)
  • AMC : First Year Nil , Second Year Onwards ₹15 per month charged quarterly in advance
Deal Cadet Deal Cadet
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Thanks for taking the time and listing charges, there are better options available with other discount brokers. 

if only equity investing, dhan is good.

if options/futures trading, finvasia is good.

I have an old account in zerodha, not using anymore, my balance is negative as he charges annual amc and even takes interest on it if we dont pay.

Rule of thumb when selecting discount broker 

AMC should be 0

Account Opening Fees should be 0

Equity Delivery should be 0

View 1 more reply
Helpful Helpful
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 I personally use finvasia for options ..zero brokerage 

Deal Cadet Deal Cadet
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Does it work during volatile times / expiry time? Do they offer API?
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Tech Guru Tech Guru
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Indie by indusind

Duck by Zainam

Deal Subedar Deal Subedar
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kaun hain yeh log

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Tech Guru Tech Guru
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Espresso by sharekhan 

Bahut lamba list hai. Aur interesting nai hai 

Deal Newbie Deal Newbie
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i hv been using zerodha for the last 7 years. Also tried fyers, groww, angelone and edelweiss. Ask me anything.

Deal Newbie Deal Newbie
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Angelone is the best 

Deal Cadet Deal Cadet
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I don't think so. I use AngelOne too for SIP in stocks. However, it fails to execute an off-market order. It just discards the order. On the other hand, Groww places such an order on the following session at 9:15am correctly. Groww lacks in SIP for stocks. So, keeping with AngelOne for now.

Pro DealBaba Pro DealBaba
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Phonepe is entering into every segment now

Deal Captain Deal Captain
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This is the revenge of phonepe.

Every TomDickHarry entered UPI, so phonepe trying to be Tom Dick and Harry all at the same time.

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Helpful Helpful
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Only if HDFC could put in the same effort to improve their UI & UX.

Deal Cadet Deal Cadet
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M STOCK & DHAN is best in all segments

Helpful Helpful
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Only mstock is cheap but ui is bad.

Deal Newbie Deal Newbie
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Zerodha is the most shroud one of all I know. They charge double brokerage in the name of negative margin. And I noticed nobody mentioned about call a nd trade charges that they charge when they do square off your intra day or mtm short  position.

Pro Tech Guru Pro Tech Guru
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So you are planning to ditch Zerodha?

If yes please let me know which one you are considering n why.

Deal Lieutenant Deal Lieutenant
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Please ping me if someone needs DHAN referral

Deal Newbie Deal Newbie
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I tried icici and experienced their shit. My complain against them is awaiting arbitration.

I also tries upstox. They were good to start with but didn't lice upto their words, and are not able to justify also!! But I would say they are good.

The only adv zerodha has is their kite.

Deal Newbie Deal Newbie
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What is AMC charges for Shoonya?

Benevolent Benevolent
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anybody with hdfc sky account ? pls dm
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