HDFC SKY Unveils New Financial Offerings: Lower Costs, Greater Flexibility

HDFC SKY has introduced new financial benefits for its customers, including a 20% reduction in the Margin Trading Facility interest rate and elimination of brokerage fees for ETFs. These changes aim to lower transaction costs, enhance trading strategies, and broaden investment opportunities for clients.

In a major move to boost investment access, HDFC SKY has announced a 20% reduction in the interest rate for its Margin Trading Facility (MTF) from 15% to 12% per annum. This translates into an appealing 1% monthly interest rate for customers.

Furthermore, HDFC SKY is eliminating brokerage fees on Exchange-Traded Fund (ETF) transactions, a decision that's expected to democratize trading and diversify client portfolios. The company emphasizes that these changes are part of a larger commitment to providing cost-effective financial strategies for its esteemed clients.

Executives at HDFC SKY, including CEO Dhiraj Relli and COO Sandiip Bhardwaj, highlight the dual benefits of enhanced financial flexibility offered by the MTF and strategic investing ease provided by ETFs. The platform also offers its users research-based insights and a suite of analytical tools to drive informed decision-making in trading activities.

(With inputs from agencies.)