HDFC Securities is one of India’s most reputed broking houses offering Retail & Institutional broking and a subsidiary of HDFC Bank – a renowned private sector bank.
HDFC Securities falls under 3 in 1 brokerage category as your savings, Demat and trading account are linked together. As of today, HDFC securities has over 250 offices spread across various cities in India and has over 4.5 lakhs customers. As a stock broking company, we have completed 15 years of operation serving a diverse customer base of retail and institutional investors.
HDFC Securities is accredited by BSE, NSE, and SEBI to provide broking services in following segments:
- Futures and Options
- Mutual Funds
- Currency Derivatives
- National Pension Scheme
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( unless you already have existing saving accounts with HDFC Bank) 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 fees.
|HDFC Securities Trading Account Opening charges||Rs 999||Once|
|HDFC Securities Trading Account Maintenance charges (AMC)||Not applicable||Not applicable|
|HDFC Securities Demat Account opening charges||Not applicable||Not applicable|
|HDFC Securities Demat Account Maintenance charges||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 brokerage does not vary based on trade turnover or margin amount.
|Trading Segment||Brokerage percentage of turnover.|
|Stocks Delivery||0.50% of trade turnover.|
|Stocks Intraday||0.1% of trade turnover.|
|Stocks Futures||0.050% of trade turnover.|
|Stocks Options||Rs 100 Per Lot|
|Currency Futures||Rs 23 per contract|
|Currency Options||Rs 23 per contract|
If you buy & sell shares of Infosys worth rupees two lakhs same day (Intraday Trade ), brokerage charged would be:
Buy Amount – Rs 100000
Sell Amount – Rs 100000
Total TurnOver – Rs 200000
Brokerage Paid ( via HDFC Securities) = 200000 * .10% = Rs 200 ( + Taxes )
HDFC Securities Trading Platform
HDFC securities offer multiple trading platforms, and the customer can use any platform based on their individual requirements. Below are details about options available:
Web-Browser Based Solution
HDFC Securities offers two websites for browser based trading Ntrade and LITS.
Ntrade offers a comprehensive trading experience with in-depth stock specific research, multiple watchlists, streaming quotes and much more. To use full features of Ntrade you will need a high-speed internet connection.
LITS is a Low-Bandwidth Internet trading website developed for customers with a low-speed internet connection. Clients can execute trades via LITS, but the site has reduced functionality.
For enhanced features, HDFC sells a subscription of HDFC Blink. Customers can buy a subscription for 6 months or 12 months and experience the next generation of trading. HDFC Blink adds functionality to existing Trade website like faster execution for buy & sell, real-time price movements, instant stock recommendations from HDFC research team and much more.
HDFC has developed a mobile application for Android and IOS devices. Applications have intuitive UI for easy navigation. Along with trading in equities & F&O Segment, apps provide latest market updates, real-time technical charts, streaming stock prices and much more.
Our recommendation HDFC Securities
HDFC Bank has earned the trust of millions of Indians by providing better banking, and HDFC Securities is no exception. With over 15 years of experience, today HDFC Securities has become a one-stop solution for all your financial needs ( from Fixed Deposits all the way to PMS ). HDFC stands out by avoiding complicated brokerage fees structure and making life simpler for retail customers.
We would recommend that you try HDFC Securities, if you have a saving bank account with HDFC Bank and you are a long term investor.
How has your experience been with HDFC Securities? Please share in the comments section and let us know if you have any questions.