HDFC Sky app details: HDFC Sky is a new investment app launched by HDFC Securities. Check its features and pricing details
HDFC Sky app details: HDFC Sky is a new investment app launched by HDFC Securities. The app promises to help users track all their investments in a single place. Here’s a look at the important features that this app is offering.
Investment Options
As per information on HDFC Sky’s official website, the app allows users to invest in Indian Equities, US Securities, Mutual Funds, ETFs, and Fixed Income Instruments. With this app, users can trade in stocks of over 3,500 listed companies and more than 100 Exchange-Traded Funds (ETFs).
Further, the app allows investing in to over 2000 mutual funds across various sectors. For mutual fund investors, app allows automated SIPs, quick access to NFOs. The app also enables investors to chalk out their savings strategy while providing in-depth analysis (premium expert opinions) and tracking of one’s portfolio.
For users interested in international equity, the HDFC Sky app allows investing in more than 500 overseas companies, facilitating buying and selling in small quantities with fractional investing.
For stock traders, the app allows trading in futures, options, currencies and commodities. It also allows trading and investing in cash, derivatives, commodities and currencies.
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Top Features
Quick Trades, Portfolio baskets, Smart Dashboards, trading with zero downtime, and user and data security are some of the features promised by this app.
The KART feature on the HDFC Sky app allows traders to place multiple orders in one go. With this, traders can buy or sell a group of stocks simultaneously with just one tap instead of executing each trade individually.
HDFC Sky app pricing: Fees and charges
Currently, there is no account opening charges for opening trading and demat account through the HDFC Sky app. The app is providing zero maintenance charges for the first year while offering Rs 20/order on Intraday and Delivery of Equity, F&O, Currency and Commodity.
Brokerage (Equity):
Delivery Order: Rs 20 or 0.1% (Whichever is Lower)
Intraday Order: Rs 20 or 0.1% (Whichever is Lower)
Brokerage (US Stocks): 5 cents / Share
Brokerage (Derivative):
Derivative Futures Intraday: Rs 20 or 0.1% (whichever is lower)
Derivative Futures Carry Forward: Rs 20 or 0.1% (whichever is lower)
Derivative Options Intraday: Rs 20 / Order
Derivative Options Carry Forward: Rs 20 / Order
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Brokerage (Currency):
Currency Futures Intraday: Rs 20 or 0.1% (whichever is lower)
Currency Futures Carry Forward: Rs 20 or 0.1% (whichever is lower)
Currency Options Intraday: Rs 20 / Order
Currency Options Carry Forward: Rs 20 / Order
Brokerage (Commodity):
Commodity Futures Carry Forward: Rs 20 or 0.1% (whichever is lower)
Commodity Futures Intraday: Rs 20 or 0.1% (whichever is lower)
Commodity Options Carry Forward: Rs 20 / Order
Commodity Options Intraday: Rs 20 / Order
Brokerage (Others)
RMS Sq up (additional): Rs 20 or 0.1% (whichever is lower)
ETF Intraday: Rs 20 or 0.1% (whichever is lower)
ETF Delivery: Rs 20 or 0.1% (whichever is lower)
For Demat, Margins, Statutory and some other charges, please check the HDFC Sky website or app.
Should you use it?
HDFC Sky is a new trading and investing app. Users should compare this app’s features and pricing with other popular apps and platforms before using it.
Disclaimer: The above content is for informational purposes only, based on the information available on the HDFC Sky website. Investing in stocks and mutual funds is subject to market risks. Please consult your financial advisor before investing.
