HDFC Securities vs Zerodha 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 Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
HDFC Securities vs Zerodha Account Opening Charges: 2024
| Charge | HDFC Securities | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹999 | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹750 | ₹300 per year |
HDFC Securities vs Zerodha Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | Zerodha |
|---|---|---|
| Plan Name | Basic | Flat Brokerage Plan |
| Equity Delivery | 0.50% | ₹0 (Free) |
| Equity Intraday | 0.05% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | 0.05% | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | ₹23 per contract | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | ₹20 per contract | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
HDFC Securities vs Zerodha Margin / Exposure: 2024
| Segment | HDFC Securities | Zerodha |
|---|---|---|
| Equity Delivery | 2x | 1x (no margin) |
| Equity Intraday | Upto 20x | Up to 20x (based on the stock) |
| Equity Future | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | Nil | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |