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

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Last Comment 2024-06-05

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Original

2023-09-26

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

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9574917

Watcher

2023-09-26

Link Copied

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

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575203

PROCRASTINATING_VIGILANTE

2023-09-26

Link Copied

I personally use finvasia for options ..zero brokerage

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9574917

Watcher

2023-09-26

Link Copied

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

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9578016

nihaln

2023-09-27

Link Copied

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

32 Comments |

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https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9574917

Watcher

2023-09-26

Link Copied

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

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9578016

nihaln

2023-09-27

Link Copied

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

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575203

PROCRASTINATING_VIGILANTE

2023-09-26

Link Copied

I personally use finvasia for options ..zero brokerage

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575672

netshopper

2023-09-26

Link Copied

Does it work during volatile times / expiry time? Do they offer API?

View 5 more replies

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575230

bikidas2060

2023-09-26

Link Copied

Indie by indusind

Duck by Zainam

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575564

amdoinggood123

2023-09-26

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kaun hain yeh log

View 1 more reply

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575234

bikidas2060

2023-09-26

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Espresso by sharekhan

Bahut lamba list hai. Aur interesting nai hai

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575350

leo999

2023-09-26

Link Copied

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

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575571

SuperSubrata

2023-09-26

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Angelone is the best

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575624

peek

2023-09-26

Link Copied

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.

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575741

kartikxxx

2023-09-26

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Phonepe is entering into every segment now

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575780

DeciDeaim

2023-09-26

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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.

View 4 more replies

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9575828

DeleteThisAccountAdminOrBanMe

2023-09-26

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

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9576071

BELEIVE_KARMA

2023-09-27

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M STOCK & DHAN is best in all segments

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9576894

KrishabhAgrawal

2023-09-27

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Only mstock is cheap but ui is bad.

https://www.desidime.com/discussions/new-discount-brokers-share-market-by-phonepe-sky-by-hdfc?page=1#post_9584621

vishhh

2023-09-29

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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.