5paisa vs HDFC Securities Comparison: 2024
About 5paisa
A successful discount broker in India, 5 paisa provides different trading and investing services across various segments. Its parent company is IIFL that has built a great name in the retail broking industry.
5Paisa: Overview
5paisa Capital Ltd. is a new age company that believes in making the entire process of getting started with trading as simple as possible, offering account opening in three simple steps. One of the leading stockbrokers in India, 5paisa Capital Ltd is publicly-traded, and managed by IIFL founders. This provides the company with valuable experience in the financial markets coupled with its expertise in simplifying the trading experience has enabled it to offer best-in-class services at an extremely low cost.
Based out of Mumbai, 5paisa.com commenced operations in March 2016 and since then has become 2nd largest discount stock broker in India (As on Dec 2018). It is listed on both BSE as well as NSE.
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About HDFC Securities
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,
5paisa vs HDFC Securities Account Opening Charges: 2024
| Charge | 5paisa | HDFC Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | ₹650 | ₹999 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | ₹540 yearly (charged as ₹45 per traded month) | ₹750 |
5paisa vs HDFC Securities Brokerage Charges and Plans : 2024
| Charge | 5paisa | HDFC Securities |
|---|---|---|
| Plan Name | Optimum Plan | Basic |
| Equity Delivery | ₹20 per trade | 0.50% |
| Equity Intraday | ₹20 per trade | 0.05% |
| Equity Futures | ₹20 per trade | 0.05% |
| Equity Options | ₹20 per trade | ₹100 per lot or 1% of the premium (whichever is higher) |
| Currency Futures | ₹20 per trade | ₹23 per contract |
| Currency Options | ₹20 per trade | ₹20 per contract |
| Commodity Options | ₹20 per trade | 0.02% for Intraday / 0.025% for positional |
| Mutual Fund | N/A | N/A |
5paisa vs HDFC Securities Margin / Exposure: 2024
| Segment | 5paisa | HDFC Securities |
|---|---|---|
| Equity Delivery | Upto 4x | 2x |
| Equity Intraday | Upto 20x | Upto 20x |
| Equity Future | Intra-day: 3.5x | Carry forward: 1x (no margin) | Nil |
| Equity Options | Intra-day: 1x | Carry forward: 1x | Nil |
| Currency Future | Intra-day: 1 time | Carry forward: 1x | Nil |
| Currency Options | Intra-day: 1x | Carry forward: 1x | Nil |
| Commodity Future | N/A | Nil |
| Commodity Options | N/A | N/A |