SBIcap Securities vs HDFC Securities Comparison: 2024
About SBIcap Securities
SBI cap securities is the broking arm of the decades old and one of the top financial bodies SBI Capital Market ltd. Having the leverage of such an influential bank as a parent body, SBI Securities Ltd. or SSL is one of the leading stock brokers in India. They deal with a variety of depository participant (DP) services as well as equity, derivatives, broking and E-broking services to cater to both national and NRI clientele. SSL has been assigned the title of 'BQ1' (The Highest grade) by CRISIL for its operational qualities and services.
SBI Cap Securities: Overview
Founded in 2006 by Arun Mehta, SSL is a Mumbai-based Full service broker which offers trading in Equity delivery, Equity intraday, Commodity options, Equity futures, Equity options, Currency options and Currency futures. The minimum broking charge is Rs.10 per transaction.
It offers a 3-in-1 account feature, like other financial broking firms for direct
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,
SBIcap Securities vs HDFC Securities Account Opening Charges: 2024
| Charge | SBIcap Securities | HDFC Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹850 | ₹999 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹350 | ₹750 |
SBIcap Securities vs HDFC Securities Brokerage Charges and Plans : 2024
| Charge | SBIcap Securities | HDFC Securities |
|---|---|---|
| Plan Name | eZ-trade Plan | Basic |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% | 0.05% |
| Equity Futures | 0.05% | 0.05% |
| Equity Options | ₹100 per lot | ₹100 per lot or 1% of the premium (whichever is higher) |
| Currency Futures | 0.03% | ₹23 per contract |
| Currency Options | ₹30 per lot | ₹20 per contract |
| Commodity Options | NA | 0.02% for Intraday / 0.025% for positional |
| Mutual Fund | N/A | N/A |
SBIcap Securities vs HDFC Securities Margin / Exposure: 2024
| Segment | SBIcap Securities | HDFC Securities |
|---|---|---|
| Equity Delivery | 2x | 2x |
| Equity Intraday | Upto 5x | Upto 20x |
| Equity Future | Nil | Nil |
| Equity Options | Nil | Nil |
| Currency Future | Nil | Nil |
| Currency Options | Nil | Nil |
| Commodity Future | N/A | Nil |
| Commodity Options | N/A | N/A |