HDFC Sky app details: Fee, Charges, Features for Investing in Mutual Fund SIP, ETF, Indian & US Stocks

financialexpress.com:

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.

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.

Also Read: Spread your risks across sector funds

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.

Currently, there is no account opening charges for opening trading and demat account through the HDFC Sky app.