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 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,
Kotak Mahindra Bank is a renowned bank that has well-established itself in the country and a pioneer in embracing newer technological implementations in the banking sector. It has thrived in offering surplus services and features to its customers to simplify the overall banking process.
With this, Kotak Mahindra also offers Kotak Securities, a subsidiary under its name that provides traders and investors alike to trade in the Stock Market. As a broker, it provides quite an impressive array of features and services, which does come in handy while trading and investing in the stock market.
Established in 1994 in Mumbai, Kotak Securities comes under Kotak Mahindra Bank and offers services related to investing and trading in the stock market. Financial services are also included. The bank is targeted primarily towards India and has a broad chain of outlets that spans 1209 branches handling well
Charge | HDFC Securities | Kotak Securities |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹999 | ₹750 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹750 | ₹600 per year |
Charge | HDFC Securities | Kotak Securities |
---|---|---|
Plan Name | Basic | Fixed Brokerage Plan |
Equity Delivery | 0.50% | 0.49% |
Equity Intraday | 0.05% | 0.049% (both side) |
Equity Futures | 0.05% | 0.049% (both side) |
Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | ₹300 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 | Futures 0.070% |
Mutual Fund | N/A | N/A |
Segment | HDFC Securities | Kotak Securities |
---|---|---|
Equity Delivery | 2x | N/A |
Equity Intraday | Upto 20x | N/A |
Equity Future | Nil | N/A |
Equity Options | Nil | N/A |
Currency Future | Nil | N/A |
Currency Options | Nil | N/A |
Commodity Future | Nil | N/A |
Commodity Options | N/A | N/A |