HDFC Securities vs ICICI Direct 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 ICICI Direct
ICICI Direct is a retail broking branch of the ICICI group: India's top financial services provider. It is a full-time stockbroking company with a presence in 87 locations across the country with more 200 offices serving over 20 lakh customers every day. It is the 2nd largest stock broking company in India succeeded by Zerodha Ltd. This retail trading and investment platform offers a wide range of services to invest in stocks and other financial instruments.
ICICI Direct: Overview
The online share trading platform provides a complete investing and trading solution via products like equity trading, derivative trading, mutual funds, bonds, IPOs, NCD, loans, Fixed deposits , insurance etc all in one platform.From complete financial goal based planning to intraday trading in the stock market, ICICI direct is a one-stop solution.
The USP of this firm is the 3-in-1 account service which includes ICICI bank account, trading account and Demat account for
HDFC Securities vs ICICI Direct Account Opening Charges: 2024
| Charge | HDFC Securities | ICICI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 | ₹975 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹700 per year |
HDFC Securities vs ICICI Direct Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | ICICI Direct |
|---|---|---|
| Plan Name | Basic | I-Secure Plan |
| Equity Delivery | 0.50% | 0.55% |
| Equity Intraday | 0.05% | 0.275% |
| Equity Futures | 0.05% | 0.050% |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | ₹95 per lot and Option (Intraday) ₹50 per lot |
| Currency Futures | ₹23 per contract | 0.050% and Currency Futures(Intraday) ₹50 |
| Currency Options | ₹20 per contract | ₹25 per lot and Currency Options (Intraday) ₹10 per lot |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | N/A |
| Mutual Fund | N/A | N/A |
HDFC Securities vs ICICI Direct Margin / Exposure: 2024
| Segment | HDFC Securities | ICICI Direct |
|---|---|---|
| Equity Delivery | 2x | 5x |
| Equity Intraday | Upto 20x | Upto 25x |
| Equity Future | Nil | 4x |
| Equity Options | Nil | 2x for shorting |
| Currency Future | Nil | N/A |
| Currency Options | Nil | N/A |
| Commodity Future | Nil | N/A |
| Commodity Options | N/A | N/A |