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

Find a Comparison of HDFC Sky vs Cholamandalam Securities 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 Cholamandalam Securities.

Background

Year of Incorporation 2000 1978
Website https://hdfcsky.com/ https://www.cholamandalam.com/
Phone 022-68494702 1800-102-4565
Exchanges enabled BSE, NSE, MSEI, MCX BSE, NSE
Demat (NSDL/CDSL) CDSL and NSDL CDSL and NSDL
Brokerage

Equity Rs 20 or 2.5% (Whichever is low) for both Intraday & Delivery 0.50% per Executed Order
Equity Futures Rs 20 or 2.5% (Whichever is low) 0.05% per Executed Order
Equity Options Rs 20 per executed order Rs.50 per Lot
Currency Futures Rs 20 or 2.5% (Whichever is low) 0.05% per Executed Order
Currency Options Rs 20 per executed order Rs.25 per Lot
Commodity Rs 20 per executed order Not Available
Account Opening Costs

Trading only Free Free
Trading & Demat Free Rs.300
Commodity Free Not Available
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%
Futures 0.0125% on Sell side 0.0019% of Turnover
Options 0.0625% on Sell side 0.05% of Turnover
Commodities 0.0625% on Sell side Not Available
AMC charge Rs 240 per year Rs.300 per Annum
DP Transaction Charge Rs 20 Rs 20
Offline order placing Charge Nil Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 7 Days
End of Day 5 Years 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 Upto 2x for Delivery & Upto 6x for Intraday
Equity Futures 1x Upto 3x
Equity Options Upto 1.3x for Intraday Upto 5x
Currency Futures 1x Upto 3x
Currency Options Upto 2x Upto 3x
Commodity Upto 1.3x for Intraday Not Available
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 (229,338) Crores
Profit after Tax FY12/13 Rs 46 Crores Rs 30,655 Crores
Profit after Tax FY13/14 Rs 58.5 Crores Rs 364.01 Crores
Profit after Tax FY 14/15 Rs 70.56 Crores Rs 435.16 Crores
Profit after Tax FY 15/16 Rs 86.18 Crores Rs 568.45 Crores
Profit after Tax FY 16/17 Rs 93.16 Crores Rs 719 Crores
Profit after Tax FY 17/18 Rs 93.75 Crores Rs 918 Crores
Profit after Tax FY 18/19 Rs 92.16 Crores Rs 1,186 Crores
Profit after Tax FY 19/20 Rs 101.04 Crores Rs 1,052.73 Crores
Profit after Tax FY 20/21 Rs 106.38 Crores Rs 1515.44 Crores
Profit after Tax FY 21/22 Rs 114.11 Crores Rs 2,147.94 Crores
Profit after Tax FY 22/23 Rs 117.88 Crores Rs 2,666.69 Crores
Debt FY11/12 Rs 18.04 Crores Rs 4.7 Crores
Debt FY12/13 Rs 12.77 Crores Rs 8.87 Crores
Debt FY13/14 Rs 18.41 Crores Rs 10.90 Crores
Debt FY14/15 Rs 19.90 Crores Rs 15.15 Crores
Debt FY15/16 Rs 20.45 Crores Rs 18.36 Crores
Debt FY16/17 Rs 21.47 Crores Rs 19.23 Crores
Debt FY17/18 Rs 24.55 Crores Rs 20.96 Crores
Debt FY18/19 Rs 20.35 Crores Rs 19.64 Lakhs
Debt FY19/20 Rs 17.85 Crores Rs 24.17 Crores
Debt FY20/21 Rs 28.15 Crores Rs 27.39 Crores
Debt FY21/22 Rs 17.34 Crores Rs 28.52 Crores
Debt FY22/23 Rs 16.41 Crores Rs 29.61 Crores
Profit to Equity(%) FY11/12 11.12% 15.74%
Profit to Equity(%) FY12/13 14.48% 16.68%
Profit to Equity(%) FY13/14 16.37% 17.34%
Profit to Equity(%) FY14/15 19.95% 17.73%
Profit to Equity(%) FY15/16 21.78% 18.75%
Profit to Equity(%) FY16/17 21.14% 18.49%
Profit to Equity(%) FY17/18 23.12% 17.54%
Profit to Equity(%) FY18/19 25.83% 18.53%
Profit to Equity(%) FY19/20 25.58% 18.09%
Profit to Equity(%) FY20/21 28.36% 19.34%
Profit to Equity(%) FY21/22 31.98% 20.30%
Profit to Equity(%) FY22/23 34.21% 21.18%
Balance Sheet Size FY11/12 Rs 2555.02 Crores Rs 9,678.26 Crores
Balance Sheet Size FY12/13 Rs 2642.34 Crores Rs 13,430.26 Crores
Balance Sheet Size FY13/14 Rs 2467.69 Crores Rs 18,184.80 Crores
Balance Sheet Size FY14/15 Rs 3054.50 Crores Rs 21,546.80 Crores
Balance Sheet Size FY15/16 Rs 3467.89 Crores Rs 23,873.23 Crores
Balance Sheet Size FY16/17 Rs 3944.09 Crores Rs 30,594.80 Crores
Balance Sheet Size FY17/18 Rs 4072.42 Crores Rs 44,089.73 Crores
Balance Sheet Size FY18/19 Rs 4641.82 Crores Rs 57,426.30 Crores
Balance Sheet Size FY19/20 Rs 4934.50 Crores Rs 64,002.39 Crores
Balance Sheet Size FY20/21 Rs 5174.08 Crores Rs 74,548.42 Crores
Balance Sheet Size FY21/22 Rs 5438.13 Crores Rs 82,363.68 Crores
Balance Sheet Size FY22/23 Rs 5549.67 Crores Rs 1,13,515.90 Crores

Comparison Link:

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Frequently Asked Questions

Is HDFC Sky better than Cholamandalam Securities ?

HDFC Sky and Cholamandalam Securities 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 Cholamandalam Securities better than HDFC Sky ?

HDFC Sky and Cholamandalam Securities 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 cheaper than Cholamandalam Securities ?

HDFC Sky and Cholamandalam Securities 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 Cholamandalam Securities cheaper than HDFC Sky ?

HDFC Sky and Cholamandalam Securities 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 HDFC Sky vs. Cholamandalam Securities ?

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