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

Find a Comparison of HDFC Sky vs Edelweiss Capital 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 HDFC Sky and Edelweiss Capital.

Background

Year of Incorporation 2000 1996
Website https://hdfcsky.com/ https://www.nuvamawealth.com/
Phone 022-68494702 1800-102-3335
Exchanges enabled BSE, NSE, MSEI, MCX NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) CDSL and NSDL NSDL/CDSL
Brokerage

Equity Rs 20 or 2.5% (Whichever is low) for both Intraday & Delivery 0.03% for Intraday, & 0.3% for Delivery
Equity Futures Rs 20 or 2.5% (Whichever is low) 0.03% of Turnover
Equity Options Rs 20 per executed order Rs 10 per executed order
Currency Futures Rs 20 or 2.5% (Whichever is low) 0.03% of Turnover
Currency Options Rs 20 per executed order Rs 10 per executed order
Commodity Rs 20 per executed order Rs 20 per executed order
Account Opening Costs

Trading only Free Free
Trading & Demat Free Rs 500
Commodity Free Rs 400
Transparency & other costs

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

Equity 0.1% on Buy & Sell 0.00325% of Turnover
Futures 0.0125% on Sell side 0.0019% of Turnover
Options 0.0625% on Sell side 0.051% of Premium Turnover
Commodities 0.0625% on Sell side 0.0025% of Turnover
AMC charge Rs 240 per year Rs 500 per year
DP Transaction Charge Rs 20 Rs 25/ Debit Transaction
Offline order placing Charge Nil NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 22 Days on NEST
End of Day 5 Years 10 years on NEST
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 1x on Delivery & upto 5x on Intraday Upto 20x for Intraday, Upto 4x for Delivery
Equity Futures 1x Upto 3x for Intraday
Equity Options Upto 1.3x for Intraday Buying No Leverage, Shorting upto 3x for Intraday
Currency Futures 1x Upto 2x for Intraday
Currency Options Upto 2x Buying No Leverage, Shorting upto 2x for Intraday
Commodity Upto 1.3x for Intraday Upto 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 34 Crores Rs 7.7 Crores
Profit after Tax FY12/13 Rs 46 Crores Rs 18.8 Crores
Profit after Tax FY13/14 Rs 58.5 Crores Rs 45.1 Crores
Profit after Tax FY 14/15 Rs 70.56 Crores Rs 19.5 Crores
Profit after Tax FY 15/16 Rs 86.18 Crores Rs 36.04 Crores
Profit after Tax FY 16/17 Rs 93.16 Crores Rs 29.60 Crores
Profit after Tax FY 17/18 Rs 93.75 Crores Rs 33.39 Crores
Profit after Tax FY 18/19 Rs 92.16 Crores Rs 33.74 Crores
Profit after Tax FY 19/20 Rs 101.04 Crores Rs 28.61 Crores
Profit after Tax FY 20/21 Rs 106.38 Crores Rs 39.73 Crores
Profit after Tax FY 21/22 Rs 114.11 Crores Rs 33.44 Crores
Profit after Tax FY 22/23 Rs 117.88 Crores Rs 36.01 Crores
Debt FY11/12 Rs 18.04 Crores Rs 903 Crores
Debt FY12/13 Rs 12.77 Crores Rs 1262 Crores
Debt FY13/14 Rs 18.41 Crores Rs 647 Crores
Debt FY14/15 Rs 19.90 Crores Rs 514 Crores
Debt FY15/16 Rs 20.45 Crores Rs 555.34 Crores
Debt FY16/17 Rs 21.47 Crores Rs 724.55 Crores
Debt FY17/18 Rs 24.55 Crores Rs 610.99 Crores
Debt FY18/19 Rs 20.35 Crores Rs 818.35 Crores
Debt FY19/20 Rs 17.85 Crores Rs 680.37 Crores
Debt FY20/21 Rs 28.15 Crores Rs 851.19 Crores
Debt FY21/22 Rs 17.34 Crores Rs 681.13 Crores
Debt FY22/23 Rs 16.41 Crores Rs 647.23 Crores
Profit to Equity(%) FY11/12 11.12% 3.11%
Profit to Equity(%) FY12/13 14.48% 4.57%
Profit to Equity(%) FY13/14 16.37% 10.9%
Profit to Equity(%) FY14/15 19.95% 16.14%
Profit to Equity(%) FY15/16 21.78% 19.93%
Profit to Equity(%) FY16/17 21.14% 21.00%
Profit to Equity(%) FY17/18 23.12% 20.41%
Profit to Equity(%) FY18/19 25.83% 16.42%
Profit to Equity(%) FY19/20 25.58% 21.57%
Profit to Equity(%) FY20/21 28.36% 21.27%
Profit to Equity(%) FY21/22 31.98% 28.52%
Profit to Equity(%) FY22/23 34.21% 22.05%
Balance Sheet Size FY11/12 Rs 2555.02 Crores Rs 2509 Crores
Balance Sheet Size FY12/13 Rs 2642.34 Crores Rs 1922 Crores
Balance Sheet Size FY13/14 Rs 2467.69 Crores Rs 1893 Crores
Balance Sheet Size FY14/15 Rs 3054.50 Crores Rs 2094 Crores
Balance Sheet Size FY15/16 Rs 3467.89 Crores Rs 3718.25 Crores
Balance Sheet Size FY16/17 Rs 3944.09 Crores Rs 3450.57 Crores
Balance Sheet Size FY17/18 Rs 4072.42 Crores Rs 2217.90 Crores
Balance Sheet Size FY18/19 Rs 4641.82 Crores Rs 2718.29 Crores
Balance Sheet Size FY19/20 Rs 4934.50 Crores Rs 3548.80 Crores
Balance Sheet Size FY20/21 Rs 5174.08 Crores Rs 3065.71 Crores
Balance Sheet Size FY21/22 Rs 5438.13 Crores Rs 3723.80 Crores
Balance Sheet Size FY22/23 Rs 5549.67 Crores Rs 3400.75 Crores

Comparison Link:

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Frequently Asked Questions

Which is better, HDFC Sky or Edelweiss Capital?

HDFC Sky Securities and Edelweiss Capital are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.

Do HDFC Sky and Edelweiss Capital offer mobile trading apps?

Yes, both HDFC Sky Securities and Edelweiss Capital provide mobile trading apps for better user interface and seamless trading experience.

What are the account opening charges for Edelweiss Capital and HDFC Sky?

The account opening charges by brokers HDFC Sky and Edelweiss Capital for both trading and demat are zero. Charges may vary, kindly read the above comparison.

Which broker has a better reputation for reliability?

Both HDFC Sky and Edelweiss Capital are SEBI-registered brokers with good reputations. HDFC Sky is known for its trading platforms, while Edelweiss Capital is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

Yes, both HDFC Sky and Edelweiss Capital offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.