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Axis Direct vs HDFC Sky – Compare Charges, Trading Features, Offers & more

Find a Comparison of Axis Direct vs HDFC Sky here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Axis Direct and HDFC Sky.

Background

Year of Incorporation 2006 2000
Website https://simplehai.axisdirect.in/ https://hdfcsky.com/
Phone 022-40508080 022-68494702
Exchanges enabled BSE, NSE BSE, NSE, MSEI, MCX
Demat (NSDL/CDSL) NSDL CDSL and NSDL
Brokerage

Equity 0.50% Rs 20 or 2.5% (Whichever is low) for both Intraday & Delivery
Equity Futures 0.05% Rs 20 or 2.5% (Whichever is low)
Equity Options Rs 0.01 per lot Rs 20 per executed order
Currency Futures 0.05% Rs 20 or 2.5% (Whichever is low)
Currency Options Rs 0.01 per lot Rs 20 per executed order
Commodity Rs 50 per lot Rs 20 per executed order
Account Opening Costs

Trading only 0 Free
Trading & Demat Rs 900 Free
Commodity N/A Free
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity N/A 0.1% on Buy & Sell
Futures N/A 0.0125% on Sell side
Options N/A 0.0625% on Sell side
Commodities N/A 0.0625% on Sell side
AMC charge First Year: Rs. 350/- Second Year Onwards: Rs. 750/- Rs 240 per year
DP Transaction Charge N/A Rs 20
Offline order placing Charge N/A Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday Yes 7 Days
End of Day Yes 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity N/A 1x on Delivery & upto 5x on Intraday
Equity Futures N/A 1x
Equity Options N/A Upto 1.3x for Intraday
Currency Futures N/A 1x
Currency Options N/A Upto 2x
Commodity N/A Upto 1.3x for Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 4,242.21 Crores Rs 34 Crores
Profit after Tax FY12/13 5,179.43 Crores Rs 46 Crores
Profit after Tax FY13/14 6,217.67 Crores Rs 58.5 Crores
Profit after Tax FY 14/15 7,357.82 Crores Rs 70.56 Crores
Profit after Tax FY 15/16 8,223.66 Crores Rs 86.18 Crores
Profit after Tax FY 16/17 3,679.28 Crores Rs 93.16 Crores
Profit after Tax FY 17/18 275.68 Crores Rs 93.75 Crores
Profit after Tax FY 18/19 4,677 Crores Rs 92.16 Crores
Profit after Tax FY 19/20 2,898 Crores Rs 101.04 Crores
Profit after Tax FY 20/21 16,455 Crores Rs 106.38 Crores
Profit after Tax FY 21/22 22,913 Crores Rs 114.11 Crores
Profit after Tax FY 22/23 20,091 Crores Rs 117.88 Crores
Debt FY11/12 N/A Rs 18.04 Crores
Debt FY12/13 N/A Rs 12.77 Crores
Debt FY13/14 N/A Rs 18.41 Crores
Debt FY14/15 N/A Rs 19.90 Crores
Debt FY15/16 N/A Rs 20.45 Crores
Debt FY16/17 N/A Rs 21.47 Crores
Debt FY17/18 N/A Rs 24.55 Crores
Debt FY18/19 N/A Rs 20.35 Crores
Debt FY19/20 N/A Rs 17.85 Crores
Debt FY20/21 N/A Rs 28.15 Crores
Debt FY21/22 2,08,277.52 Rs 17.34 Crores
Debt FY22/23 N/A Rs 16.41 Crores
Profit to Equity(%) FY11/12 20.13% 11.12%
Profit to Equity(%) FY12/13 21.22% 14.48%
Profit to Equity(%) FY13/14 20.51% 16.37%
Profit to Equity(%) FY14/15 18.23% 19.95%
Profit to Equity(%) FY15/16 18.57% 21.78%
Profit to Equity(%) FY16/17 17.49% 21.14%
Profit to Equity(%) FY17/18 7.22% 23.12%
Profit to Equity(%) FY18/19 0.53% 25.83%
Profit to Equity(%) FY19/20 8.09% 25.58%
Profit to Equity(%) FY20/21 2.34% 28.36%
Profit to Equity(%) FY21/22 20.3% 31.98%
Profit to Equity(%) FY22/23 19.17% 34.21%
Balance Sheet Size FY11/12 285,627.79 Rs 2555.02 Crores
Balance Sheet Size FY12/13 340,560.66 Rs 2642.34 Crores
Balance Sheet Size FY13/14 383,244.89 Rs 2467.69 Crores
Balance Sheet Size FY14/15 461,932.39 Rs 3054.50 Crores
Balance Sheet Size FY15/16 525,467.62 Rs 3467.89 Crores
Balance Sheet Size FY16/17 601,467.67 Rs 3944.09 Crores
Balance Sheet Size FY17/18 691,329.58 Rs 4072.42 Crores
Balance Sheet Size FY18/19 800,997 Rs 4641.82 Crores
Balance Sheet Size FY19/20 915,165 Rs 4934.50 Crores
Balance Sheet Size FY20/21 986,798 Rs 5174.08 Crores
Balance Sheet Size FY21/22 1,175,178 Rs 5438.13 Crores
Balance Sheet Size FY22/23 1,317,326 Rs 5549.67 Crores

Comparison Link:

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Frequently Asked Questions

Is Axis Direct better than HDFC Sky ?

Axis Direct and HDFC Sky are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is HDFC Sky better than Axis Direct ?

Axis Direct and HDFC Sky are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Axis Direct cheaper than HDFC Sky ?

Axis Direct and HDFC Sky are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is HDFC Sky cheaper than Axis Direct ?

Axis Direct and HDFC Sky are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Axis Direct vs. HDFC Sky ?

To find out the better of the two stockbrokers Axis Direct and HDFC Sky, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.