HDFC Securities vs Finvasia 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 Finvasia
Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.
Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.
Finvasia: an overview
Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides
HDFC Securities vs Finvasia Account Opening Charges: 2024
| Charge | HDFC Securities | Finvasia |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹999 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹0 (Free) |
HDFC Securities vs Finvasia Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | Finvasia |
|---|---|---|
| Plan Name | Basic | Standard |
| Equity Delivery | 0.50% | ₹0 |
| Equity Intraday | 0.05% | ₹0 |
| Equity Futures | 0.05% | ₹0 |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | ₹0 |
| Currency Futures | ₹23 per contract | ₹0 |
| Currency Options | ₹20 per contract | ₹0 |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | ₹0 |
| Mutual Fund | N/A | N/A |
HDFC Securities vs Finvasia Margin / Exposure: 2024
| Segment | HDFC Securities | Finvasia |
|---|---|---|
| Equity Delivery | 2x | 1x |
| Equity Intraday | Upto 20x | Upto 10x |
| Equity Future | Nil | 2x |
| Equity Options | Nil | 1x |
| Currency Future | Nil | 1x |
| Currency Options | Nil | 1x |
| Commodity Future | Nil | 2x |
| Commodity Options | N/A | 1x |