HDFC Securities vs Marwadi Shares 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 Marwadi Shares
Marwadi Shares and Finance Ltd. is a financial service provider company operating in the financial markets for almost 3 decades. This full-service brokerage company is one of the leading in India that has been ranked amongst the top 10 in the BSE ratings multiple times.
Marwadi Shares: Overview
Marwadi Shares is a Gujarat based broking firm facilitating broking as well as Wealth management services. They are spread across 104 branches nationwide and employ more than 1400 authorized sub-brokers assisting a client base of 4 lakh plus. Founded in 1992 by Pranav M. Shah, Marwadi Shares and Finance Ltd. is affiliated and licensed to trade in NSE, BSE, NCDEX, MCX security exchanges. The company is also a Depository Participant of NCDL and CDSL.
It facilitates trading in a wide segment of securities ranging from equity, derivatives, currency to mutual Funds, and insurance. They cater to the needs of retail as well as an
HDFC Securities vs Marwadi Shares Account Opening Charges: 2024
| Charge | HDFC Securities | Marwadi Shares |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹450 per year or one time fee of ₹2500 |
HDFC Securities vs Marwadi Shares Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | Marwadi Shares |
|---|---|---|
| Plan Name | Basic | N/A |
| Equity Delivery | 0.50% | 0.30% |
| Equity Intraday | 0.05% | 0.06% |
| Equity Futures | 0.05% | 0.02% |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | ₹100 per lot |
| Currency Futures | ₹23 per contract | 0.02% |
| Currency Options | ₹20 per contract | ₹100 per lot |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | 0.02% |
| Mutual Fund | N/A | N/A |
HDFC Securities vs Marwadi Shares Margin / Exposure: 2024
| Segment | HDFC Securities | Marwadi Shares |
|---|---|---|
| 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 |