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

Find a Comparison of Groww 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 Groww and HDFC Sky.

Background

Year of Incorporation 2017 2000
Website https://groww.in/ https://hdfcsky.com/
Phone +91 9108800604 022-68494702
Exchanges enabled NSE, BSE, MCX & NCDEX BSE, NSE, MSEI, MCX
Demat (NSDL/CDSL) NSDL CDSL and NSDL
Brokerage

Equity Rs 20 or 0.05% per order Rs 20 or 2.5% (Whichever is low) for both Intraday & Delivery
Equity Futures Rs 20 per executed order Rs 20 or 2.5% (Whichever is low)
Equity Options Rs 20 per executed order Rs 20 per executed order
Currency Futures Not Available Rs 20 or 2.5% (Whichever is low)
Currency Options Not Available Rs 20 per executed order
Commodity Not Available Rs 20 per executed order
Account Opening Costs

Trading only Free Free
Trading & Demat Rs. 0 Free
Commodity Rs. 0 Free
Transparency & other costs

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

Equity 0.00325% 0.1% on Buy & Sell
Futures 0.0035% 0.0125% on Sell side
Options 0.07% 0.0625% on Sell side
Commodities 0.004% 0.0625% on Sell side
AMC charge Rs 0 Rs 240 per year
DP Transaction Charge Rs.13.5 per Scrip Rs 20
Offline order placing Charge Rs 25 Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 7 Days
End of Day 10 days 5 Years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 1x on Delivery & upto 5x on Intraday 1x on Delivery & upto 5x on Intraday
Equity Futures Upto 2x for intraday 1x
Equity Options No leverage Upto 1.3x for Intraday
Currency Futures Upto 2x for intraday 1x
Currency Options No leverage Upto 2x
Commodity Upto 2x for intraday 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 Rs 70.6 crores Rs 34 Crores
Profit after Tax FY12/13 Rs 70.48 crores Rs 46 Crores
Profit after Tax FY13/14 Rs 73.78 Crore Rs 58.5 Crores
Profit after Tax FY 14/15 Rs 75.92 Crore Rs 70.56 Crores
Profit after Tax FY 15/16 Rs 82.85 Crore Rs 86.18 Crores
Profit after Tax FY 16/17 Rs 90.11 Crore Rs 93.16 Crores
Profit after Tax FY 17/18 Rs 106.09 Crore Rs 93.75 Crores
Profit after Tax FY 18/19 Rs 115.68 Crore Rs 92.16 Crores
Profit after Tax FY 19/20 Rs 120.61 Crore Rs 101.04 Crores
Profit after Tax FY 20/21 Rs 141.70 Crore Rs 106.38 Crores
Profit after Tax FY 21/22 Rs 244.93 Crore Rs 114.11 Crores
Profit after Tax FY 22/23 Rs 205.65 Crore Rs 117.88 Crores
Debt FY11/12 Rs 51 Crores Rs 18.04 Crores
Debt FY12/13 Rs 41.5 Crores Rs 12.77 Crores
Debt FY13/14 Rs 42.93 Crores Rs 18.41 Crores
Debt FY14/15 Rs 49.48 Crores Rs 19.90 Crores
Debt FY15/16 Rs 41.73 Crores Rs 20.45 Crores
Debt FY16/17 Rs 54.26 Crores Rs 21.47 Crores
Debt FY17/18 Rs 69.77 Crores Rs 24.55 Crores
Debt FY18/19 Rs 57.16 Crores Rs 20.35 Crores
Debt FY19/20 Rs 51.39 Crores Rs 17.85 Crores
Debt FY20/21 Rs 57.47 Crores Rs 28.15 Crores
Debt FY21/22 Rs 77.59 Crores Rs 17.34 Crores
Debt FY22/23 Rs 80.11 Crores Rs 16.41 Crores
Profit to Equity(%) FY11/12 12.90% 11.12%
Profit to Equity(%) FY12/13 12.38% 14.48%
Profit to Equity(%) FY13/14 14.86% 16.37%
Profit to Equity(%) FY14/15 17.05% 19.95%
Profit to Equity(%) FY15/16 14.29% 21.78%
Profit to Equity(%) FY16/17 19.11% 21.14%
Profit to Equity(%) FY17/18 21.51% 23.12%
Profit to Equity(%) FY18/19 18.17% 25.83%
Profit to Equity(%) FY19/20 14.49% 25.58%
Profit to Equity(%) FY20/21 18.46% 28.36%
Profit to Equity(%) FY21/22 14.70% 31.98%
Profit to Equity(%) FY22/23 25.75% 34.21%
Balance Sheet Size FY11/12 Rs 2264 Crores Rs 2555.02 Crores
Balance Sheet Size FY12/13 Rs 2596.15 Crores Rs 2642.34 Crores
Balance Sheet Size FY13/14 Rs 2803.40 Crores Rs 2467.69 Crores
Balance Sheet Size FY14/15 Rs 2936.36 Crores Rs 3054.50 Crores
Balance Sheet Size FY15/16 Rs 3133.57 Crores Rs 3467.89 Crores
Balance Sheet Size FY16/17 Rs 3544.52 Crores Rs 3944.09 Crores
Balance Sheet Size FY17/18 Rs 3952.01 Crores Rs 4072.42 Crores
Balance Sheet Size FY18/19 Rs 4280.32 Crores Rs 4641.82 Crores
Balance Sheet Size FY19/20 Rs 4476 Crores Rs 4934.50 Crores
Balance Sheet Size FY20/21 Rs 4627 Crores Rs 5174.08 Crores
Balance Sheet Size FY21/22 Rs 5184.35 Crores Rs 5438.13 Crores
Balance Sheet Size FY22/23 Rs 5994.78 Crores Rs 5549.67 Crores

Comparison Link:

Compare Groww Compare HDFC Sky
Groww Vs Punch Trade HDFC Sky Vs Punch Trade
Groww Vs BlinkX HDFC Sky Vs BlinkX
Groww Vs Lemonn HDFC Sky Vs Lemonn
Groww Vs Mandot Securities HDFC Sky Vs Mandot Securities
Groww Vs Dhan HDFC Sky Vs Dhan
Groww Vs Goodwill Wealth HDFC Sky Vs Goodwill Wealth
Groww Vs Shoonya by Finvasia HDFC Sky Vs Shoonya by Finvasia
Groww Vs NJ Wealth HDFC Sky Vs NJ Wealth
Groww Vs Paytm Money HDFC Sky Vs Paytm Money
Groww Vs Globe Capital HDFC Sky Vs Globe Capital
Groww Vs Finvasia HDFC Sky Vs Finvasia
Groww Vs Cholamandalam Securities HDFC Sky Vs Cholamandalam Securities
Groww Vs Canara Bank HDFC Sky Vs Canara Bank
Groww Vs Axis Direct HDFC Sky Vs Axis Direct
Groww Vs Alice Blue HDFC Sky Vs Alice Blue
Groww Vs 5Paisa HDFC Sky Vs 5Paisa
Groww Vs M.stock HDFC Sky Vs M.stock
Groww Vs WisdomCapital HDFC Sky Vs WisdomCapital
Groww Vs Way2wealth HDFC Sky Vs Way2wealth
Groww Vs Ventura Securities HDFC Sky Vs Ventura Securities
Groww Vs Navia Markets Ltd HDFC Sky Vs Navia Markets Ltd
Groww Vs Tradejini HDFC Sky Vs Tradejini
Groww Vs Tata Securities HDFC Sky Vs Tata Securities
Groww Vs Swastika Investmart HDFC Sky Vs Swastika Investmart
Groww Vs SMC Global HDFC Sky Vs SMC Global
Groww Vs SBICAP Securities HDFC Sky Vs SBICAP Securities
Groww Vs SASOnline HDFC Sky Vs SASOnline
Groww Vs Samco securities HDFC Sky Vs Samco securities
Groww Vs RK Global HDFC Sky Vs RK Global
Groww Vs Reliance Securities HDFC Sky Vs Reliance Securities
Groww Vs Nirmal Bang HDFC Sky Vs Nirmal Bang
Groww Vs Master Trust Capital HDFC Sky Vs Master Trust Capital
Groww Vs Kotak Securities HDFC Sky Vs Kotak Securities
Groww Vs Interactive Brokers HDFC Sky Vs Interactive Brokers
Groww Vs IIFL Securities HDFC Sky Vs IIFL Securities
Groww Vs Dhani HDFC Sky Vs Dhani
Groww Vs IDBI Capital HDFC Sky Vs IDBI Capital
Groww Vs HDFC Securities HDFC Sky Vs HDFC Securities
Groww Vs Geojit HDFC Sky Vs Geojit
Groww Vs Fyers Securities HDFC Sky Vs Fyers Securities
Groww Vs Edelweiss Capital HDFC Sky Vs Edelweiss Capital
Groww Vs Easytradez HDFC Sky Vs Easytradez
Groww Vs Rupeezy HDFC Sky Vs Rupeezy
Groww Vs Anand Rathi HDFC Sky Vs Anand Rathi
Groww Vs Aditya Birla Money HDFC Sky Vs Aditya Birla Money
Groww Vs Achiievers HDFC Sky Vs Achiievers
Groww Vs Angel One HDFC Sky Vs Angel One
Groww Vs Motilal Oswal HDFC Sky Vs Motilal Oswal
Groww Vs ICICI Direct HDFC Sky Vs ICICI Direct
Groww Vs Sharekhan HDFC Sky Vs Sharekhan
Groww Vs Tradesmart Online HDFC Sky Vs Tradesmart Online
Groww Vs Upstox HDFC Sky Vs Upstox
Groww Vs Zerodha HDFC Sky Vs Zerodha

Frequently Asked Questions

Is Groww better than HDFC Sky ?

Groww 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 Groww ?

Groww 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 Groww cheaper than HDFC Sky ?

Groww 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 Groww ?

Groww 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 Groww vs. HDFC Sky ?

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