HDFC Securities: Trading & Demat Account, Reviews, Charges: 2024

HDFC Securities Ltd, a subsidiary of HDFC Bank. It basically means that you can get a 3-in-1 account service that combines HDFC Securities Trading Account with the HDFC Securities Demat Account, and HDFC Bank account resulting in an amazing trading experience, and above that it also provides a free mutual fund account. It is one of the largest full-service brokers in India with more than 20 lakh customers, including both retail and institutional clients.

HDFC Securities : Overview

HDFC Securites, due to its large customer base, happens to be one of the leading depository participants with both CDSL and NSDL; more than 2.03 million demat accounts with a comprehensive network that has more than 3500 service branches. They have more than 270 branches across 185, catering investment needs of a gigantic diversified customer base including both retail and institutional investors.

HDFC Securities is a registered member of BSE, NSE, IRDA, PFRDA, AMFI, and MCX, in essence it offers all trading services including equity, derivatives, fixed deposits, mutual funds, insurance, IPOs, bonds, currency derivatives, NCDs, ETF, and NPS.

Since HDFC Securities (HDFCs1.ec) is a full-service broker, it has a research team that provides extensive research reports free from biases; assisting clients to make investment decisions backed by logic and rationale. It also offers loans like home loans, personal loans, vehicle loans, education loans and loans against securities.

HDFC Securities’ services have often been at the receiving end of appraisal and several awards like  India’s Most Attractive Brands Award, India’s Most Ethical Company, Winner of Digital Excellence in insurance and Financial Services, Digital Industry Awards and several others.

The account opening process is quite simple and similar to other stockbrokers. You can open the following types of HDFC Securities account:

Types of Accounts

Anyone, including non-residents except US and Canada can open an account with HDFC securities. To avail the services, however, you would have to open a 3-in-1 account.

HDFC Securities Demat Account:

This form of account is to keep securities in dematerialized or electronic format. There is no demat account opening fee but HDFC demat account maintenance charges worth Rs. 750 are levied from the second year onwards.

HDFC Securities Trading Account:

This type of account facilitates trade in multiple assets like equity, currency, commodity, F&O and other asset classes. There is no account maintenance charge but an account opening fee worth Rs. 999 only.

Mutual Fund Account:

This is a free mutual fund account with HDFC Securities on Digify where you can invest in a plethora of schemes via different mediums whether SIP, lumpsum, STP or SWP. It also has MF return calculator, SIP calculator and SIP Reckoner.

HDFC NRI Account:

Non-residents, except US and Canada, can open trading account with HDFC Securities. This is also 3-in-1 account services, with facilities like NRI trading account, NRI demat account, and NRI bank account.

HDFC Commodity Account:

HDFC Securities also offers commodity account to trade in commodities.

HDFC Securities offers the option to trade across all platforms including web, mobile and even telephonic broker services.

HDFC Securities Platforms and Services

• HDFC Securities Website:

HDFC’s Web-based Trading platform, where you can invest in all types of securities.

• ProTerminal:

This is for general traders, retail investors, HDFC’s stock Analysis and trading terminal.

• Mobile Trading Application

• Blink: This is for advanced traders, a downloadable application for desktop for real time movement of stocks and high speed execution.

• Smallcase: A pre-built basket of ideas and investments, offered across various brokers like Zerodha, which works like an index fund. This is a third party application.

• Arya: HDFC Securities’ virtual voice enabled investing tool, you can place trades and get updates through voice command.

• Digify: HDFC Securities’ mutual funds platform, where you can get services like SIP, STP, etc.

• Over and above this, HDFC Securities also offers an option to call and trade.