HDFC Securities launches discount broking all-in-one app, HDFC SKY - open for all investors, traders
₹20 for both intraday and delivery across segments, MTF at 12 per cent, coupled with zero account opening and maintenance charges for the first year. HDFC Sky, like several trading apps, is open to all investors and traders, unlike HDFC Securities which is only for HDFC Bank customers. With this app, the company appears to be targeting to capture a sizable market share of traders and investors.
As of now, Zerodha, Groww and Upstox are some of the prominent discount brokers in India. The app will provide access to a wide range of investment and trading offerings, including Indian stocks, ETFs, mutual funds, futures and options, currencies, commodities, IPOs, and global equities on a single Fintech platform. HDFC Securities claimed the app will ensure that customers benefit from simple and transparent fee structures, making it easier to understand the cost associated with the transactions.
"The main purpose of the platform is to simplify the complex world of investing, especially when investors face countless options available in the market. The all-in-one app with a user-friendly interface will help investors and traders break free from all the confusion related to their investments," HDFC Securities said in a statement. (Exciting news! Mint is now on WhatsApp Channels.
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