HDFC Securities vs Master Trust 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 Master Trust
One of the popular financial services in the country happens to be Master Trust. Its core beliefs are nurtured towards investment, attitude and sound & philosophical investment approach eloping in the investment universe. The company has a considerable track record for over two decades. Ever since its inception, the company has grown strong with 650+ employees and served over 1,50,000+ clients to date.
Master Trust: Overview
Master Trust is a discount brokerage company which is a subsidiary of Master Capital Services Pvt Ltd. Due to the efforts pulled in by Mr Harjeet Singh and Mr R. K. Singhania, the company was founded in 1994. Currently, the company is located at the financial capital of India, Mumbai.
In 1994, the company acquired its membership of NSE. After which it attained its membership in various depository and exchanges services such as NSDL & CSDL. Furthermore, the stockbroker opened gateways to trade with MCX-SX &
HDFC Securities vs Master Trust Account Opening Charges: 2024
| Charge | HDFC Securities | Master Trust |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 | ₹100 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹300 per year |
HDFC Securities vs Master Trust Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | Master Trust |
|---|---|---|
| Plan Name | Basic | 20:20 Plan |
| Equity Delivery | 0.50% | ₹0 |
| Equity Intraday | 0.05% | ₹20 per executed order |
| Equity Futures | 0.05% | ₹20 per executed order |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | ₹20 per executed order |
| Currency Futures | ₹23 per contract | ₹20 per executed order |
| Currency Options | ₹20 per contract | ₹20 per executed order |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
HDFC Securities vs Master Trust Margin / Exposure: 2024
| Segment | HDFC Securities | Master Trust |
|---|---|---|
| Equity Delivery | 2x | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan |
| Equity Intraday | Upto 20x | Upto 6x |
| Equity Future | Nil | Upto 4x |
| Equity Options | Nil | Upto 5x |
| Currency Future | Nil | Upto 3x |
| Currency Options | Nil | Upto 3x |
| Commodity Future | Nil | Upto 1x |
| Commodity Options | N/A | Upto 1x |