HDFC Securities is an extension of HDFC bank and is considered one of India’s most prominent brokerage companies. This platform offers online and phone-based stocking trading. Being a full-service broker, HDFC Securities should be at the top of your list when looking for a trading company.
It offers several benefits and features to its client base, which is more than 11 lakhs and counting. The entire purpose of this HDFC Security review is to assist you in making the right decision when choosing a brokerage company. Trading is a risky business, so there’s no need to take a risk on the trading platform as well. Let’s dive into this article and get more information about this firm.
Why choose HDFC Securities?
Let me tell you, HDFC Securities makes your trading experience smooth and efficient. Some features include NSE and BSE day trading, Cash-n-Carry, Trade on Futures or Options on NSE, and IPO investments.
There are multiple advantages as well that this platform offers.
Pros
- Trust and brand Equity, since it’s an extension of HDFC bank.
- 3-in1 account
- Skilled relationship managers offer advice
- Portfolio tracking system
- Several branches in the cities
HDFC Securities also provides multiple products to invest and trade in, and they are –
- Equity
- Currency Trading
- Mutual Funds
- IPO
- HDFC PMS
- ETFs
- Bonds
- Fixed Deposits
- Insurance
HDFC Securities Brokerage Charges
| Brokerage Charge & Fees | |
| Equity Delivery | 0.50% or min Rs.25 |
| Equity Intraday | 0.05% or min Rs.25 |
| Equity Futures | 0.05% or min Rs.25 |
| Equity Options | Rs 100 per lot or 1% of the premium (whichever is higher) |
| Currency Futures | Rs 23 per contract |
| Currency Options | Rs 20 per contract |
| Commodity | 0.02% for Intraday / 0.025% for positional |
| Minimum Brokerage | Rs.25 |
| Demat AMC Charges | Rs.750 per Annum |
| Trading AMC Charges | Rs.0 per annum |
| Margin Money | 75% Margin |
If you wish to calculate the brokerage or other charges, rely on the HDFC Securities Brokerage Calculator.
HDFC Securities Other Charges
| Segment | Other Charges |
| SEBI Turnover Charges | 0.00005% (Rs. 5/Crore) |
| STT | Equity Delivery: 0.1% on both Buy and SellEquity Intraday: 0.025% on the Sell Side*Equity Futures: 0.01% on Sell SideEquity Options: 0.05% on Sell Side(on Premium)Commodity Futures: 0.01% on sell side (Non-Agri)Commodity Options: 0.05% on sell sideCurrency F&O: No STTOn Exercise transaction: 0.125%Right to entitlement: 0.05% on sell side |
| Stamp Duty | (On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Margin Funding Charges | 75% Margin |
| Reactivation Charges | Rs 50 per instruction |
| Account Closure Charges | Rs 60 per instruction |
| Dematerialization Charges | Rs 5 per certificate + Rs 35 per request |
| Pledge Creation | If Pledge is in favour of HDFC Bank, 0.02% of the value of the Txn. |
| Pledge Invocation | If Pledge is assigned to other than HDFC Bank, 0.04% of the value of the Txn. |
| Margin Pledge/Unpledge/ Pledge closure | Rs. 17.5 per scrip |
| Margin Repledge | Rs. 15.5 + Rs. 15.5 (Rs. 31 per scrip) |
These charges won’t affect your portfolio because they are based on the stock market value.
HDFC Securities Demat Account Opening Charges
| Demat Services | |
| Trading Charges [One Time] | Rs 999 |
| Trading AMC [Yearly] | Rs 0 |
| Demat Charges [One Time] | Rs 0 |
| Demat AMC [Yearly] | Rs 750 |
| Margin Money | 75% Margin |
To open an account, the clients have to pay Rs. 999 once, and afterwards, they only need to pay the maintenance fee every year, which is Rs. 750. One more highlight of this company is that it allows you to switch from offline to online trading and its depository source is NSDL and CDSL.
Why Open HDFC Securities Trading Account?
A trading account is vital as it safeguards and manages your stocks or trades. However, there are more benefits of opening a trading account, such as:
1. Interest Priority
As your brokerage company, HDFC Securities is well versed in your interests and financial goals; therefore, it prepares a fund planning option to match your requirements.
2. One-Stop Destination
All the finance-related products and services are in one place, across all segments, such as Equity, debt, gold, etc. It also offers product services like mutual funds, derivatives, etc.
3. Several Trading Platforms
There are numerous trading platforms that you can access through mobile, laptop, or desktop, which makes trading easier.
4. Tracking Investment Portfolio
Keeping track of your investment portfolio is as essential as investing in various segments.
5. Transparency
HDFC Securities attempts to advise their clients about investments and keeps the process transparent, with cost-effective measures to assist their customers in reaching their goals.
HDFC Securities Offers
With this brokerage platform, you can enjoy the attractive offers that come along with it. For instance,
- Trading happy hours are the best offer for easy trading.
- Flexible brokerage plans are available.
- No charges for loss-making trades.
Furthermore, you don’t need to pay Demat AMC charges of Rs. 750 for the first year.
HDFC Securities Services
The services offered by HDFC Securities make it even more relevant and worth considering opening an account here.
The Portfolio Management Services assists clients in managing their portfolios and making wise investment decisions. Demat and Trading services are also offered to smooth the account opening process. Along with that, it also provides IPO services, intraday services, and stock recommendations. A trading exposure of 5x is another added advantage you can’t afford to miss.
HDFC Securities Research and Advisory
The entire goal of this brokerage platform is to help its clients maximize their profits and reach their financial goals quickly. Therefore, HDFC Securities offers fundamental reports, research reports, company reports, annual reports, IPO reports, etc., to make the job easier for traders or investors. Besides, it also provides offline advisory and company stock reviews to make the trading process more efficient. A relationship manager is assigned to the traders for all their queries as well.
HDFC Securities Exposure/Leverage
| Exposure / Leverage | |
| Equity Delivery | 1x |
| Equity Intraday | 5x |
| Equity Futures | 1x |
| Equity Options | 1x |
| Currency Futures | 1x |
| Currency Options | 1x |
| Commodities | 1x |
HDFC Securities Margin Calculator is another tool that can help you calculate the margin you’d earn on each trade.
How to Transfer Shares in HDFC Securities from Other Stock Brokers?
There might come a point in time when you reconsider the stock broker you’re currently involved with and wish to transfer shares to another broker. So here’s how you can do that if you choose HDFC Securities to transfer your stocks to.
The process can be carried out both online and offline.
Register on the CDSL website and input your existing Demat account details for the online process. Add the account where you want the funds to be transferred. Within 24 hours, the account is added, and you can now transfer shares from the old account to the new one.
For those comfortable with the offline option, visit your old broker office and fill out the DIS or Delivery Instruction form along with your Demat account details.
HDFC Securities Trading Platforms
Here’s a detailed list of all the trading platforms this brokerage company offers.
1. HDFC Securities Pro Terminal
This new pro terminal software makes trading more flexible and gives all the information to the traders regarding the stock market. It has numerous features, such as:
- Analyze the stock market.
- It is customized for collecting data, reliability, performance, and accuracy.
- It offers real-time data to predict the future of the stock market.
2. HDFC Securities Blink Trade
With this mPowered platform, you can speed up trading in the Equity, Futures, and Options segments. Subscription to this platform would offer you more benefits. Its features are:
- Quick buying and selling of stocks.
- Real-time data on price movement.
- Assist traders with investment decisions.
- Track transactions through order book, trade book, net position, etc.
3. HDFC Securities App
This mobile application is easy-to-use and flexible. You can even buy and sell stocks in shares or derivatives. Here are its features:
- Easy trading process.
- Customizable SIP in ETF and shares in a few minutes.
- Elaborate portfolio
- Real-time market trends
- Regular research calls
- Interactive demonstrations
- On-time updates
4. HDFC Securities Smallcase
This trading platform offers unique investment products, which benefit the user’s portfolio as it diversifies, low cost, and long term. Its features include:
- Users can invest in all stocks with a single click.
- Tracking stocks is an easier task.
5. HDFC Securities Voice Enabled Investing
You can invest in mutual funds and equities easily with this platform. Arya, the company’s voice assistant, helped via her voice in particular broking space. The voice commands are managed according to the investor’s needs. The features of this voice-enabled assistant are:
- Arya would help in investing in Equities and Mutual Funds.
- A mobile number is all you require to open a trading account here.
6. HDFC Securities Digify
The Digify platform focuses solely on investment in mutual funds. Apart from this, the users can access their portfolios, track their assets, and withdraw them anywhere and anytime. Its features are:
- Completely online platform
- Easy to track portfolio
- ELSS users are offered tax-saving solutions.
- Several investment methods.
- Free mutual funds investment account opening
- Clients can invest in US stocks listed on Nasdaq through a US-based fintech platform, Stock.
- Under Premia, HDFC Securities offers personalized assistance, and this service is for those whose investment style and financial goals are unique.
HDFC Securities Disadvantages
It’s crucial for you to know the cons of this company as well to get a better idea of what suits you.
- No flexibility in the brokerage calculator.
- Doesn’t give a regular stock market review to the clients.
FAQs
Yes, HDFC Securities is suitable for beginners because it’s an easy-to-use platform and offers numerous features that assist the newbies in understanding the trading arena better.
Yes, HDFC Securities charges Rs. 25 per trade, which is higher than the other brokerage companies. It charges flat Rs. 0.05 per share brokerage on stocks, which goes up to Rs. 10.
Conclusion
This stock broking company offers its clients numerous beneficial services and research reports to help them with their investment choices. They aim to provide customer satisfaction. With its wide variety of investment products, there’s a lot that the traders have to look forward to. So if you’re convinced after reading our HDFC Security review, visit their website now.