HDFC Securities vs Reliance Securities 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 Reliance Securities
Reliance securities also called Reliance Smart Money is a full-service online trading and investment platform and is the broking arm of Reliance Capital. So, let's have a look at Reliance Securities Features, reviews, trading account opening and Brokerage Charges. Reliance Securities started its operation in 2005. It has a strong presence across the country with 1000+ offices serving 8 Lakh customers.
Reliance Securities offers services in:
- Equities
- NCDs/Bonds
- Sovereign Gold Bond
- IPOs
- Mutual Funds
- Derivatives
- Currency
- Corporate FDs
- Insurance Products
- Securities Lending & Borrowing
- Auction Market Participation
Features of Reliance Securities
- Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
- Smart Trading Platforms: Offers a wide range of user-friendly trading platforms from browser-based platform to application based for both computer and mobile devices. It also offers call and trade facility to its customers
- Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures
HDFC Securities vs Reliance Securities Account Opening Charges: 2024
| Charge | HDFC Securities | Reliance Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 | ₹950 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹400 p.a. |
HDFC Securities vs Reliance Securities Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | Reliance Securities |
|---|---|---|
| Plan Name | Basic | Fixed Online Plan |
| Equity Delivery | 0.50% | 0.4%\t |
| Equity Intraday | 0.05% | 0.04%\t |
| Equity Futures | 0.05% | 0.04%\t |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | Rs 100/Lot |
| Currency Futures | ₹23 per contract | 0.04%\t |
| Currency Options | ₹20 per contract | Rs 100/Lot |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | N/A |
| Mutual Fund | N/A | N/A |
HDFC Securities vs Reliance Securities Margin / Exposure: 2024
| Segment | HDFC Securities | Reliance Securities |
|---|---|---|
| Equity Delivery | 2x | Upto 3x |
| Equity Intraday | Upto 20x | Upto 10x |
| Equity Future | Nil | Upto 3x |
| Equity Options | Nil | Nil |
| Currency Future | Nil | Nil |
| Currency Options | Nil | Nil |
| Commodity Future | Nil | N/A |
| Commodity Options | N/A | N/A |