HDFC Securities vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
HDFC Securities vs Nirmal Bang Account Opening Charges: 2024
| Charge | HDFC Securities | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹200 per year |
HDFC Securities vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | Nirmal Bang |
|---|---|---|
| Plan Name | Basic | N/A |
| Equity Delivery | 0.50% | 0.2% |
| Equity Intraday | 0.05% | 0.02% |
| Equity Futures | 0.05% | 0.02% |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | ₹35 |
| Currency Futures | ₹23 per contract | 0.02% |
| Currency Options | ₹20 per contract | ₹20 |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | 0.01% |
| Mutual Fund | N/A | N/A |
HDFC Securities vs Nirmal Bang Margin / Exposure: 2024
| Segment | HDFC Securities | Nirmal Bang |
|---|---|---|
| Equity Delivery | 2x | Upto 10x |
| Equity Intraday | Upto 20x | Upto 4x |
| Equity Future | Nil | Upto 4x |
| Equity Options | Nil | Upto 2x for shorting |
| Currency Future | Nil | Upto 2x for shorting |
| Currency Options | Nil | Upto 3x |
| Commodity Future | Nil | Upto 3x |
| Commodity Options | N/A | N/A |