Articles

HDFC Securities Review

by Ben Wane Consultant

HDFC Securities is a Trading Company of HDFC Bank that allows trading online and on phone. Moreover, it is the biggest platform that is established in India providing trading platform facilities. Here in the article, we are going to discuss many points on HDFC Securities like Demat Account, Charges, Review, services offered, and much more. HDFC Securities is a public company and is a full-service broker. The headquarters of HDFC is located in Mumbai, India. It was established back in the year 2000.

HDFC Securities provides a unique 3-in-1 account facility that allows any client to integrate HDFC Securities trading account and HDFC Demat account. The 3-in-1 account facility is very useful and makes the process easier. The funds are linked in a way that execution is simple and on time. It provides a facility to trade on both stock exchanges BSE and NSE. The cash-n-carry is possible in both BSE and NSE. The clients can trade in options, IPO, Futures, and much more. 

As HDFC Securities are a Full-service broker they provide many facilities to the customers. The HDFC Securities provide products like:

  • Equity

  • Derivatives

  • Mutual Funds

  • Fixed Income

  • Loans

  • NPS

  • Other Services

  • Investment Advisory

  • SIPs

  • Bonds, Corporate FDs, and NCDs

The HDFC securities provide Research facilities for:

  • Equity

  • Derivatives

  • Baskets & SIP

  • Mutual funds etc.

Recognition of HDFC Securities

  • Retail Broking- winner in the year 2017 by Outlook Money

  • Best e-brokerage House- runner up in the year 2016 by Outlook money

  • India’s Best Market Analyst award 2014 under the category of Equity Banking by Zee Business

  • Largest e-brokerage House- in the year 2011 by BSE-Dun & Bradstreet

  • Best Financial Markets Technology Implementation of the Year in the year 2014 by Asian Banker

HDFC Securities Brokerage Charges

The table that is provided below will provide a clear picture of all information regarding HDFC Securities brokerage charges:

Service

Charges

Equity options Trading

Rs.100/Lot or 1% of the premium

Whichever is higher

Equity Intraday Trading

Minimum Rs.25 or 0.05%

Equity Futures Trading

Minimum Rs.25 or 0.05%

Equity Deliver Trading

Minimum Rs.25 or 0.05%

Currency Options Trading

Rs.100/Lot or 1% of the premium

Whichever is higher

Currency Futures Trading 

Minimum Rs.25 or 0.05%

Minimum Brokerage 

Rs.25

Margin Money

Minimum R.25000

Demat AMC Charges

Rs.300 p.a.

Trading AMC Charges

Rs.500 p.a.

Transaction Charges

0.00325% of Total Turnover

SEBI Turnover Charges

0.0002% of Total Turnover

GST

18% of transaction Charges + Brokerage

STT

0.0126% of Total turnover

Stamp Duty

Very minimal (Depends on State)


HDFC Demat Account Opening charges

Demat Services

Charges

Account Opening Charges

Rs.500

Trading AMC Charges

Rs.500

Demat AMC Charges

Rs.300

Dematerialization

Rs.5 per certificate + Rs.35 per request

Rematrialisation

Rs.30 per request + Rs.10 per certificate 


How to Open Demat Account with HDFC securities?

In case you are wondering the Demat charges look interesting, now the question is: how to open a Demat account? You can easily do that with the help of the steps given below:

  1. You are required to fill up the form.

  2. You should fill the lead form accurately and you need to click the submit button next to lodge the Demat form.

  3. After the form is submitted, executives will contact you for the further verification process.

  4. Now you need to upload your KYC documents that include details like PAN Card, Aadhar Card, Photograph, Age proof, and Address proof.

  5. After you are done sending the KYC documents the HDFC Securities will call you for confirmation of Account Opening.

  6. Now you will be able to use the account.

Reasons to open a Trading Account with HDFC Securities

Trading account plays a big role in selling and buying stocks. Additionally, a Demat account helps to safeguard securities, and the account assists in managing and handling trade or stocks. Here are some reasons or benefits of having an HDFC Securities trading account:

  • One-Stop destination for Investing: The company is well known and brings the best opportunities for its client to invest. The spectrum of services for asset segments includes real estate, gold, debt, and financial products. Moreover, the products that are offered by HDFC Securities are fixed deposits, NCDs, insurance, derivatives, mutual funds, etc.

  • Interest Priority: The stockbroking company knows the interest and goals of investors. They provide the vision of funds planning option that most appropriately suit the future goals and requirement. Additionally, the interest of clients is highly prioritized as the company wants the best for its customers.

  • Tracking Investment Portfolio: Just making investments in multiple segments is not enough, you need to track your investment portfolio regularly and frequently. You cannot just invest and not look at the portfolio any time soon. You must track your portfolio regularly to build a strong portfolio that provides healthy returns. As the market is never stable it is volatile and requires a lot of monitoring and tracking. The company allows its users to use a portfolio tracking system that will make the monitoring very easy for multiple segments.

  • Various Trading Platforms: HDFC securities offer multiple trading platforms that you can choose from and trade seamlessly. The investors can trade via telephone, mobile, or any branches of HDFC (offline).

  • Transparency: HDFC Securities enables its customers to make the right investment decision by helping them to also track their portfolio. Everything is transparent not that they do not allow their customers to track in order to avoid transparency. The company executives try to provide trading services with maximum transparency. It is cost-effective and helps the clients to reach their financial goals.

Conclusion

To sum it up, HDFC Securities is a full-service broker that provides a trading platform for clients who are willing to invest in products like equity, IPOs, bonds, etc. Additionally, a unique feature of HDFC Securities is that it provides a 3-in-one account facility that is highly beneficial. Any customer can open their trading as well as Demat account with HDFC Securities that will make the whole process easier. Moreover, there are many benefits of opening a trading account with HDFC Securities like transparency, multiple platforms for trading, etc that can make your journey of trading simple.


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About Ben Wane Innovator   Consultant

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Joined APSense since, March 5th, 2019, From Manhattan Beach, United States.

Created on Apr 6th 2021 02:09. Viewed 458 times.

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