HDFC Securities vs IDBI 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 IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
HDFC Securities vs IDBI Direct Account Opening Charges: 2024
| Charge | HDFC Securities | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹450 p.a. |
HDFC Securities vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | IDBI Direct |
|---|---|---|
| Plan Name | Basic | Standard Plan |
| 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) | ₹100 per lot |
| Currency Futures | ₹23 per contract | N/A |
| Currency Options | ₹20 per contract | N/A |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | N/A |
| Mutual Fund | N/A | N/A |
HDFC Securities vs IDBI Direct Margin / Exposure: 2024
| Segment | HDFC Securities | IDBI Direct |
|---|---|---|
| Equity Delivery | 2x | Nil |
| Equity Intraday | Upto 20x | Upto 4x |
| Equity Future | Nil | Nil |
| Equity Options | Nil | Nil |
| Currency Future | Nil | N/A |
| Currency Options | Nil | N/A |
| Commodity Future | Nil | N/A |
| Commodity Options | N/A | N/A |