HDFC Securities vs AxisDirect Comparison: 2024
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,
About AxisDirect
It is the lineage of the Axis group and a subsidiary of India's third largest private sector bank. Axis direct provides a wide spectrum of investment and trading solutions to over 20 million clients. It won the title of Top Equity broker two years in a row 2018-19 by the BSE outlook. It allows trade via BSE, NSE, MCX and NCDEX exchange.
Axis Direct: Overview
The Mumbai-based subsidiary was started in 2011 by key people of the Axis group, B. Gopkumar (MD) and Anand Shaha (ED). It offers various financial products to its consumers like Mutual funds, SIP, Equity derivatives, IPO, ETFs, Tax Saving , Fixed income etc. With the motto and tagline of #SimpleHai Axis Direct aims to become a key player in the retails broking industry. They are a full-service broker firm with over 75 branches across India.
In addition to this, Axis direct provides the 3-in-1 account facility which
HDFC Securities vs AxisDirect Account Opening Charges: 2024
| Charge | HDFC Securities | AxisDirect |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 | ₹999 (For a 3-in-1 Account) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹650 per year (free for 1st year) |
HDFC Securities vs AxisDirect Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | AxisDirect |
|---|---|---|
| Plan Name | Basic | N/A |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% | 0.05% |
| Equity Futures | 0.05% | 0.05% |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | ₹0.01 or ₹10 per lot |
| Currency Futures | ₹23 per contract | 0.05% |
| Currency Options | ₹20 per contract | ₹0.01 or ₹10 per lot |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | Futures: 0.03% and Options: ₹50 per lot |
| Mutual Fund | N/A | N/A |
HDFC Securities vs AxisDirect Margin / Exposure: 2024
| Segment | HDFC Securities | AxisDirect |
|---|---|---|
| Equity Delivery | 2x | 1x |
| Equity Intraday | Upto 20x | Upto 10x |
| Equity Future | Nil | 1x |
| Equity Options | Nil | 1x |
| Currency Future | Nil | 1x |
| Currency Options | Nil | 1x |
| Commodity Future | Nil | 3x |
| Commodity Options | N/A | 1x |