Incorporated in 2000, HDFC Securities Ltd, a subsidiary of leading private sector HDFC Bank is a Mumbai-based full-service stockbroker. Being a registered member of BSE, NSE, IRDA, PFRDA, AMFI, and MCX, the product basket of the broker is huge including equity, derivatives, fixed deposits, mutual funds, insurance, IPOs, bonds, currency derivatives, NCDs, ETF, and NPS. Trading and investing can be done across different products via multiple trading platforms such as mobile app, web, telephonic and offline means through branches. It further offers various loans such as home loans, personal loans, auto loans, education loan and loans against security. Being a full-service broker, HDFC Sec also has a research team that provides extensive and unbiased research that assists clients to make informed investment decisions. Here, you can check the complete HDFC Securities review about its products & services, brokerage, account types, trading platforms, and others.
As the parent company of the broker offers banking services, therefore, you can avail of the 3-in-1 account facility that integrates; HDFC Securities Trading Account with the HDFC Securities Demat Account, and HDFC Bank account that offers you seamless trading experience. It is one of the leading depository participants with both the CDSL and NSDL with above 2.03 million demat accounts with a widespread distribution network of 3500+ demat service branches. HDFC Securities trading account customers can also access investments, statements through the Demat Tab on NetBanking
The broker has 270+ branches in 185 cities across the country from where it caters to various investment needs of diversified customer base including both retail and institutional investors. With the continuously growing effort, HDFC Securities Ltd has won many awards such as India’s Most Attractive Brands Award, India’s Most Ethical Company, Winner of Digital Excellence in insurance and financial services, Digital Industry Awards and others.
One of the largest full-service brokers in India with a client base of above 20 lakh customers, including both retail and institutional clients. It offers a 3-in-1 account integrating HDFC Securities demat account, HDFC Securities trading account, and HDFC bank account and also provides a free mutual fund account.
Get HDFC Securities 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
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Here we are comparing HDFC Securities with its 5 close competitors on investment options.
|Equity Trading Type||Yes||Yes||Yes||Yes||Yes|
»» Trading Account Opening Charges: Rs 999
»» Trading Account AMC: Free
»» Demat Account Opening Charges: Free
»» Demat Account AMC: Rs 750 PA (Waived for 1st year)
HDFC Sec equity delivery brokerage charge of 0.50% is in line with the industry because direct competitors like Sharekhan, SBI Securities, Motilal Oswal, and Kotak Securities are also charging the same brokerage, but ICICI Direct brokerage charges are slightly higher at 0.55%. Thus, it can be evident that HDFC Securities charges competitive brokerage.
The broking house offers intraday trading at 0.05%% brokerage equal to Sharekhan and Motilal Oswal charges and SBI cap but considerably greater Geojit (0.03%), Venture (0.03%) and Reliance (0.04%). However, one of the top brokers, ICICI Direct charges a very high brokerage of 0.275%. Based on key figures, it’s clear that HDFC Sec intraday delivery charges are comparatively high.
HDFC Securities broker charges 0.05% on equity futures that are equivalent to SBI Cap (0.05%), ICICI Direct (0.03%-0.05%), Motilal Oswal (0.05%) but substantially lower than Sharekhan’s offering at 0.10% brokerage. Thus, it can be said that HDFC Securities charges are in line with the industry average.
HDFC Securities charges Rs. 100 each lot equivalent to SBI Cap but twice to that of Sharekhan and Ventura with charges of Rs. 50 per lot. Other competitors like ICICI Direct and Reliance Securities charges comparatively low brokerage at Rs. 95 – Rs. 35/lot and Rs. 40 per lot. Thus, HDFC Sec equity options brokerage charges look very high.
HDFC Currency futures charges are Rs. 23/per contract and currency options charges is Rs. 20 per contract looks highly competitive to SBI Cap (Rs. 30/lot), ICICI Direct (Rs. 25 – Rs.10/lot), Motilal (Rs. 20) and Sharekhan (Rs. 30/lot).
HDFC Securities Ltd offers commodity derivatives trading at Rs. 20/per order which is equivalent to one of the best commodity brokers, Zerodha charging at Rs. 20 each executed order.
For complete brokerage charges and trading plans detail please visit HDFC Securities Brokerage Charges.
Here we are comparing HDFC Securities with its 5 close competitors, who are currently market leader in brokerage industry.
|Service Type||Full Service Broker||Full Service Broker||Discount Broker||Discount Broker||Discount Broker|
|Brokerage Range||.05 to .5%||0.1 to 0.5%||Rs 20||Rs 20||Rs 20|
|Account Type||3 in 1||2 in 1||2 in 1||3 in 1||2 in 1|
|Equity Delivery||0.5% or 50 paisa||0.5% or 50 paisa||Flat Fee Rs 20||Free||0.2% or Rs 20 whichever is lower|
|Equity Intraday||0.05% or 5 paisa||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Futures||0.05% or 5 paisa||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Equity Options||0.1% of Premium or Rs 100 per lot whichever is high||2.5% of Premium or Rs 250 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Commodity||Rs. 20 per order||0.1% or 10 paisa||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||Rs 23 per lot||0.1% or 10 paisa||Flat Fee Rs 20||0.03% or Rs 20 whichever is lower||0.02% or Rs 20 whichever is lower|
|Currency Options||Rs 20 per lot||2.5% of Premium or Rs 30 per lot whichever is high||Flat Fee Rs 20||Flat Fee Rs 20||Flat Fee Rs 20|
Please refer unique and accurate HDFC Securities Brokerage Calculator
HDFC Securities provide margin trading for T+275 days under the “E-margin” facility. The broker provides a 4x margin and allows you to buy stocks today and pay up to T+275 days. Earlier 31st December 2019, the margin was available for T+180 days but from 1st January 2020, the broker has revised the duration with 275 days. Thus, now customers can avail of extra buying power with an extended margin period. The margin is available only on the equity scrip. On the outstanding amount, a nominal delayed interest charge of 0.05% each day, until your position is settled will be levied.
The SPAN Margin calculator is a useful tool for registered as well as non-registered users to calculate margin requirement for option writing or shorting, multi-leg F&O strategies, trade in equities, commodities, and currency.
To calculate your margin up front please refer our dynamic span margin calculator - HDFC Securities SPAN Margin Calculator
An Indian resident as well as NRI (except US and Canada based NRIs) can open an account with HDFC sec. If you want to trade with HDFC securities then you must have 3 accounts; HDFC Securities Trading Account, HDFC Securities Demat Account and HDFC Bank account. The type of accounts offered by the broker are listed below:
Being a registered CDSL and NSDL DP, it offers HDFC Securities Demat account to keep securities in dematerialized or electronic format. It does not charge any demat account opening fee means one can open a free demat account with HDFC Securities but HDFC demat AMC charges worth Rs. 750 needs to be paid from the second year onwards.
HDFC trading account allows you to trade in multiple assets such as equity, currency, commodity, F&O and other asset classes. The broker doesn’t charge any trading account AMC but account opening fee worth Rs. 999 needs to be paid.
Being a registered mutual fund distributor, HDFC Sec facilitates you to invest in mutual funds. You can open free mutual fund account with HDFC Securities on Digify and invest in a plethora of schemes via different modes whether SIP, lumpsum, STP or SWP. It also has MF return calculator, SIP calculator and SIP Reckoner that helps you to select the right fund.
NRI (except US and Canada based NRIs) can open trading account with HDFC Securities. The broker provides 3-in-1 account opening facilities to NRI wherein they can open NRI trading account, NRI demat account, and NRI bank account.
HDFC Securities is a registered member of commodity exchange, MCX. The broker offers you commodity account to trade in commodities. The facility is available across multiple trading platforms including web-based trading platform, mobile application, and others.
To check the complete review of HDFC Securities products & services, Click here
HDFC Securities offers multiple trading platforms such as telephone, branches, web-based, trading terminal, and mobile app.
www.hdfcsec.com is the secure web-based online trading platform of HDFC securities. The browser-based portal can be accessed anywhere using a desktop, mobile or laptop. You can enjoy multiple features such as market watch lists, advanced interactive charts, research reports, news, market tips, and others.
HDFC Securities mobile app is one of the best trading application that facilitates you to trade & invest across equity and derivatives. The app comes with a number of tools and features such as real-time market data, ease of trade, portfolio tracking & monitoring, live market news, daily research calls, timely notifications etc. You can download the HDFC Securities app on an android device via Google play store and iPhone via the app store.
Digify is a hassle-free online mutual fund investment platform by HDFC Securities Ltd. To invest in mutual funds with Digify, you don’t need to have demat and trading account with HDFC sec. You can open Digify account at zero account opening charges. HDFC has tie-up with 30+ leading asset management companies and offers you various investment options such as SIP, lumpsum or one-time investment, STP or SWP.
HDFC Securities BLINK is a desktop-based trading terminal that offers you multiple features i.e. customized trading platform, real-time monitoring, the single user interface to place equity and F&O orders, advanced charting, real-time market quotes, buy and sell shortcuts and others. Although undoubtedly, it offers you an immense range of services however, the biggest downfall is unlike competitors that offer free terminal, BLINK is a chargeable and paid platform.
It is a platform for researchers, analysts and traders to examine historical and present market trends that will help you to project future trends or direction. The platform presents ready available information or real-time information that clients can use to make informed trading & investment decisions. Settlement analysis, predictive data analysis, market analysis, news analysis, and global market trends are the key features of ProTerminal. However, the key disadvantage is you have to pay a subscription fee to get access to ProTerminal. HDFC Securities research report provides the details of best securities to trade and invest in, so you can make short-term and long-term gains.
For detail review of mobile app and download please visit HDFC Securities Trading Platform Review.
Here we are comparing HDFC Securities with its 5 close competitors on Trading Platform.
|Android Tablet App||Yes||Yes||Yes||Yes||Yes|
|Android Mobile App||Yes||Yes||Yes||Yes||Yes|
|iPhone App (iOS Mobile App)||No||Yes||Yes||Yes||No|
Summing up the review, it can be strongly evident that HDFC Securities Ltd is a full-service broker offering trading & investment in equity, F&O, currency, commodity, ETF, mutual fund, insurance, NCDs, NPS, fixed deposits and others. Thus, users can invest in multiple asset classes with HDFC Securities. On most of the fronts, HDFC Securities brokerage charges look highly competitive and as per industry average. Talking about its trading platforms, likewise, others, although it offers all kinds of platforms like a mobile app, trading terminal, web-based trading platform, and others but the biggest setback for clients is trading terminal BLINK and ProTerminal are paid platforms so not for everyone.
If you like what you have read and want to open an trading and demat account with HDFC Securities, leave your contact information with us and we will guide you.
Last updated on 2020-12-18
You can connect with HDFC Securities customer care number at 39019400 prefix with the local code. You can also connect with the customer service representative through e-mail at [email protected] or [email protected]
To get the state-wise list of HDFC securities customer care number, Click here
You have to follow offline process to change bank details/address/e-mail id with HDFC Securities.
Yes, HDFC Securities offers free call n trade services to clients. In this facility, clients can call HDFC Sec centralized dealing desk and speak to customer service representatives to place buy or sell orders in equity, commodity, F&O, and other segment.
HDFC Securities Limited is one of the leading full-time brokers of India and is a subsidiary of HDFC Bank. The broker started its operations in April 2000, and in beginning, it was a joint venture between HDFC Bank Limited, HDFC Limited and Indocean eSecurities Holdings Limited. But in 2006, HDFC bank bought the stakes of HDFC Limited and in 2008, it acquired the remaining stake from Indocean eSecurities. For now, it is a fully-owned subsidiary of HDFC Bank.