HDFC Securities vs Wisdom Capital 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 Wisdom Capital
Start talking of the list of discount brokerages in India, it gets longer every day. And, this list sounds incomplete without adding Wisdom Capital brokerage firm. Since its inception in 2013, Wisdom Capital, an online brand of Ashlar Group of Companies is one of the fast evolving stock brokers in India. Being a discount broker, it offers a low-brokerage model coupled with advanced online trading facilities.
Wisdom Capital: An Overview
A popular online discount broker having an offline presence through 250+ franchises offering services in Equity, Futures & Options, commodities at BSE, NSE, MCX and NCDEX. You can trade in various market segments like NSE Cash, F&O, Commodity and Currency. But, you can't invest in IPO, FPO or Mutual funds through this platform.
Wisdom Capital provides 3 different brokerage plans:
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Freedom Plan
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Pro Plan
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Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)
However, the biggest attraction is its
HDFC Securities vs Wisdom Capital Account Opening Charges: 2024
| Charge | HDFC Securities | Wisdom Capital |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹999 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹750 | ₹999 (Lifetime Account) |
HDFC Securities vs Wisdom Capital Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | Wisdom Capital |
|---|---|---|
| Plan Name | Basic | Ultimate Plan |
| Equity Delivery | 0.50% | 0.007% |
| Equity Intraday | 0.05% | 0.007% |
| Equity Futures | 0.05% | 0.005%\t |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | ₹ 15/Lot |
| Currency Futures | ₹23 per contract | ₹9 per executed order |
| Currency Options | ₹20 per contract | ₹9 per executed order |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | 0.005% |
| Mutual Fund | N/A | N/A |
HDFC Securities vs Wisdom Capital Margin / Exposure: 2024
| Segment | HDFC Securities | Wisdom Capital |
|---|---|---|
| Equity Delivery | 2x | 5x to 40x (as per brokerage plan) |
| Equity Intraday | Upto 20x | 5x to 40x (as per brokerage plan) |
| Equity Future | Nil | 5x to 20x (as per brokerage plan) |
| Equity Options | Nil | 5x to 40x (as per brokerage plan) |
| Currency Future | Nil | 4x to 15x (as per brokerage plan) |
| Currency Options | Nil | 4x to 15x (as per brokerage plan) |
| Commodity Future | Nil | 5x to 20x (as per brokerage plan) |
| Commodity Options | N/A | N/A |