HDFC Securities is one of India’s most reputed broking houses offering Retail and Institutional broking. It was started operations from April – 2000 as a joint venture between HDFC Limited, HDFC Bank Limited and IndOcean e-Securities Holding limited. As of today, HDFC securities has over 250 offices spread across various cities in India and has over 4.5 lakhs customers.
HDFC Securities is accredited by BSE, NSE and SEBI to offer broking services in all segments available on the exchanges.
HDFC Securities Demat and Account Opening Charging
Since HDFC Securities offers 3 in 1 trading account, along with opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account and a Demat account with HDFC Bank.
Below are the details of charges for opening HDFC Securities trading account and HDFC demat account opening and maintenance charges.
|HDFC Securities Trading Account opening||Rs 999||Once in lifetime.|
|HDFC Securities Trading Account Maintenance charges||NIL||Not applicable|
|HDFC Securities Demat Account Opening Charges||NIL||Not applicable|
|HDFC Securities Demat Account Maintenance.||Rs 750||Yearly.|
HDFC Securities Brokerage Charges
Brokerage structure of HDFC securities is simpler to understand as compared to other 3 in 1 accounts ( like ICICI, Kotak etc ) because their brokerage is fixed and it does not vary based on trade turnover or margin amount with which you open the trading account. This makes the HDFC Securities great choice because their brokerage structure is relatively simpler to understand.
|Equity Delivery( Means you buy stocks today and sell tomorrow or later)||0.5% of turnover|
|Equity Intraday (Means you buy stocks today and sell them today)||0.1% of turnover|
|Stocks Futures||0.1% of turnover|
|Stocks Options||Rs 100 per lot|
|Currency Futures||Rs 23 per lot|
|Currency Options||Rs 20 per lot|
Hence, the brokerage fees for HDFC Securities is percentage of turnover. For instance, if you buy and sell shares of Infosys shares worth rupees two lakhs(same day – hence intraday), you will pay brokerage of Rs 200 which is calculated as below:
Buy Amount – Rs 100000
Sell Amount – Rs 100000
Total TurnOver – Rs 200000
Brokerage Paid ( via HDFC Securities) = 200000 * .10% = Rs 200**
** Fixed government taxes and fees are additional
HDFC Securities Trading Platform
HDFC securities offers multiple trading platforms and customer can use any platform based on their individual requirements. Below are details about various options available:
Web-Browser Based Solution
HDFC Securities offers two different websites for browser based trading namely ntrade and LITS. Ntrade is a more comprehensive website with charts, in-depth stock specific research and lots of other functionality, since the website is fully functional trading website it requires good speed internet connection. LITS is a Low Bandwdth internet trading website developed for customers who do not have access to high speed internet connection.
Customers can execute trades via LITS as well but the website has reduced overall functionality.
For enhanced functionalities, HDFC also sells a subscription of HDFC Pro terminal which can be bought for 6 months or 12 months by paying the additional subscription amount. HDFC Blink adds additional functionality to existing Ntrade website like real time price movements, much faster execution for buy & sell, instant stock recommendations from HDFC research team and much more. We think that Pro terminal is a good value add and full time traders should consider buying a subscription of HDFC blink.
HDFC has developed mobile application for Android and IOS devices. The applications are easy to navigate and provide latest market updates, real-time technical charts and streaming stock prices. Using the application, you can trade in both equities and derivatives.
Our recommendation HDFC Securities
HDFC Bank has earned trust of millions of customers by providing excellent financial tailored for Indians and HDFC securities is no different.
HDFC stands out by avoiding complicated broking fees structure and cutting edge next generation trading technologies. If you are considering opting for a three in one broker, we think you should consider HDFC securities as well.