HDFC SKY or zerodha

[ccninja]

Looking to start investing in stocks and few MF. i won't be doing buy/sell thing. Just buy and few Mutual fund sips. I have zerodha account but i want to open and get HDFC SKY just to have a better value in Bank and have better chances for high end credit cards. Goal is on Infinia LTF but i am still stuck with a 1.2L millennia card.

is it worth having your money in HDFC SKY or it get ignored while negotiation?

 

[tachniki]

Zerodha kite is absolute no-nonsense platform. For long term investment, there is no brokerage. Only charges you pay is related to depository services. Coin from Zerodha is very good for MF. You can buy mutual fund from various fund houses without extra headaches of kyc. You may even buy direct mutual funds from coin (basically no commission being paid to coin). Your mutual funds are also held in CDSL. Just for peace of mind and good saving on brokerage and commission, I will suggest to go with Zerodha.


Also, I believe you will have diversified your investments. So, for FDs and PPF, go with HDFC bank. Not sure if HDFC considers ppf in TRV.

 

[ccninja]

Zerodha kite is absolute no-nonsense platform. For long term investment, there is no brokerage. Only charges you pay is related to depository services. Coin from Zerodha is very good for MF. You can buy mutual fund from various fund houses without extra headaches of kyc. You may even buy direct mutual funds from coin (basically no commission being paid to coin). Your mutual funds are also held in CDSL. Just for peace of mind and good saving on brokerage and commission, I will suggest to go with Zerodha.


Also, I believe you will have diversified your investments. So, for FDs and PPF, go with HDFC bank. Not sure if HDFC considers ppf in TRV.

PPF rate increase over time or not? like FD rate is 7.25, PPF is 7.1 ? i am self employed so will it work for me?

 

[tachniki]

PPF rate increase over time or not? like FD rate is 7.25, PPF is 7.1 ? i am self employed so will it work for me?

I doubt ppf rate will increase. Only advantage with ppf is tax free interest. If you are not in lower tax slab, ppf may not help.

 

[Abhi1986476]

If you are trader HDFc sky is best, if you are invester zerodha is better.

 

[sunit123]

check on twitter, how many times zerodha goes down as reported by users...Also go for broker, which does not operate prop desk...In terms of tools/indicators. HDFC sky is not the best....Consider Angel one (Listed company and NO Prop Desk)

 

[tachniki]

check on twitter, how many times zerodha goes down as reported by users...

In last year, it would have been 3-4 times. And for non traders, that would go almost unnoticed.

 

[sunit123]

In last year, it would have been 3-4 times. And for non traders, that would go almost unnoticed.

These 3/4 times are enough to throw you out of market.....They always go down when market is about to make big move....Calculate how much losses traders made...I shifted from zerodha to angel one 3 years back and my life is peaceful.....You should avoid brokers with prop desk.....

 

[diptarkaroy]

For MF, HDFC sky can offer only regular funds
Where zerodha coin offers direct funds