HDFC Securities, a subsidiary of leading private sector HDFC Bank was incorporated in 2000. It is a Mumbai based full-service stock broking company. As a registered member of NSE, BSE, MCX, PFRDA, AMFI, and RDA, the broker has a vast product basket including equity, derivatives, bonds, fixed deposits, IPOs, currency derivatives, mutual funds, ETFs, NCDs, NPS, insurance, etc. HDFC Securities is also a leading depository participant with NSDL and CDSL. It has a customer base of over 2 million Demat accounts with a widespread network of over 270 branches in 185 cities across India.
This HDFC Securities Review 2020 discusses the various options to trade and invest across different products through several trading platforms like web, telephonic, mobile app, and offline through branches. HDFC Securities also provides several loans like personal loans, education loans, home loans, loans against security, and auto loans.
As HDFC Securities is a full-service broker, it has a research team providing extensive unbiased research to its customers to assist them in making informed investment decisions.
Why Open Account with HDFC Securities?
HDFC Securities offers several benefits to its customers with a widespread network of 270+ branches throughout the country. It offers a 3-in-1 account service that integrates HDFC Bank account, HDFC Securities Trading Account, and HDFC Demat Account offering a seamless trading and investment experience to the customers.
Features of Trading with HDFC Securities
Safety and Security
HDFC Securities offer 128-bit encryption technology to provide the highest level of securities.
Seamless Transactions
By integrating your accounts, HDFC Securities ensure that the customers don’t have to worry about the movement of funds for trading and investment
Speed
The orders in HDFC Securities are places electronically, to provides instant transactions
No manipulation
For each executed order, customers receive instant email confirmation preventing mismanagement
Transparency
It allows customers to track their portfolio on their own, helping them make the right investment decisions. With an advanced portfolio tracking system, customers can monitor the portfolio consisting of various asset segments.
Robust Trading Platform
HDFC Securities offers a real-time trading platform that you can use to trade and invest through web trading terminals or mobile apps.
Technology and Trading Platforms
HDFC Securities provide trading applications for mobile and desktop. The major technology and trading platforms offered by HDFC Securities are:
Pro Terminal
It is a browser-based application that one can easily access from any place with a better internet connection. The main features of the application are:
- Personalized watchlist
- Interactive and advanced charts for the technological analysis
- The highly customizable trading interface
- Market tips and research reports are available within the browser.
HDFC Securities BLINK
You can install the application on your Desktop/Laptop. The execution speed of this application is high and most suited for the day investors. Its features include:
- Shortcuts for Order Book, Sell, buy, etc.
- Transaction monitoring with trade book, order book, and net position
- A single user interface to place orders in equity and derivative segment
Web based Trading Platform
HDFC Securities facilitates web based trading platform, a online application “Trade.HDFCSec”. This is a browser-based appliction and can be accessed from anywhere from electronic devices like desktop, laptop or mobile which are connected to the Internet.
SALIENT FEATURES
- Highly customizable
- Advanced technical analysis
- Research reports, market tips, and news are within the application
- Personalized watch list
HDFC Securities Mobile App
The mobile app is available for iOS, Android, and Windows platforms. Salient features of the application are:
- Easy access to market tips, research reports, and investment ideas
- Trade-in equity and F&O in a single click
- Real-time and interactive charts for intraday
SMALL CASE
A small case is a basket of exchange traded securities (like stocks & ETFs) in a specified weighting scheme to reflect a certain objective (ideas, themes, strategies). A small case has a limit of minimum of 2 securities and a maximum of 50 securities.
SALIENT FEATURES
- Hand picked stocks for new investors
- Recession proof way of building wealth
- Basket of mid-cap and small-cap handpicked
VOICE ENABLED INVESTING
HDFC securities introduced India’s first virtual assistant (‘Arya’) which offers services through voice IoT devices in the broking space. Arya will help you with your investment needs through simple voice commands over Google Assistant, Google Home and Amazon Alexa powered devices.
SALIENT FEATURES
- Gives latest stock recommendations
- Arya will help you to invest in the mutual funds of your choice
DIGIFY
Digify, a unique platform that gives you quick and hassle-free Mutual Fund investments online. Apart from ease of investing, this online mutual fund platform also ensures that you can access your portfolio, manage and track your investments and withdraw them anywhere, anytime.
SALIENT FEATURES
- Advanced portfolio tracker allows seamless tracking
- Assistance with ELSS mutual funds
- Zero account opening charges
- Access track and manage your portfolio 24/7.
HDFC Securities Research and Advisory
The leading stock broking company helps its traders to create an investment portfolio and gain huge profits. For satisfaction and convenience, HDFC Securities offer research reports, annual reports, fundamental reports, company reports, monthly and weekly reports, and IPO reports.
HDFC Securities also provide impressive advisory and stock review to make the process of trading better and easier. Furthermore, the company allocates a relationship manager who assists you at each step of trading.
How to Open Demat Account with HDFC Securities?
Opening a Demat account with HDFC Securities is easy and simple. Follow simple steps to open your 3-in-1 account with HDFC Securities:
- Click here to fill the form
- Once you have entered all the details correctly, click submit
- When you have submitted the form, companies executives will call you for verification
- You will be asked to upload your KYC documents like address proof, PAN card, photograph, Aadhaar card, and age proof.
- Once you complete your KYC documents, the company’s executive will call you for the confirmation
- Now, you can use your Demat account
HDFC Securities Account Opening Charges
| Transaction | Fee |
| Trading Account Opening Charges | INR 999 (one time) |
| Trading Account Annual Maintenance Charges | INR 0 |
| Demat Account Opening Charges | INR 0 |
| Demat Account Annual Maintenance Charges | INR 750 (Yearly) |
When you open a 3-in-1 account with HDFC Securities, Demat Account Annual Maintenance Charges are waived off for the first year.
HDFC Securities Brokerage Charges
Customers are charged brokerage fees when trading through HDFC Securities. Here is a complete breakage of brokerage charges levied by HDFC Securities:
Delivery Based Trades
| Segment | Fee |
| Equity Delivery (Buy and Sell) | 0.50% or min INR 25 or ceiling of 2.5% of the transaction value |
| Brokerage for Scrips less than INR 10 per share | INR 0.05 per unit |
| GST | 18% on Brokerage |
| Securities Transaction Tax (STT) (Buy and Sell) | 0.1% of transaction value |
| Stamp Duty | 0.01% of Turnover |
| SEBI Turnover Tax | 0.00015% on turnover + 18% GST |
Square off Trade: Cash and Carry
| Segment | Fee |
| Equity Delivery (Buy and Sell) | 0.10% or min INR 25 or ceiling of 2.5% of the transaction value |
| Brokerage for Scrips less than INR 10 per share | INR 0.05 per unit |
| GST | 18% on Brokerage |
| Securities Transaction Tax (STT) (Buy and Sell) | 0.025% of transaction value |
| Stamp Duty | 0.002% of Turnover |
| SEBI Turnover Tax | 0.00015% on turnover + 18% GST |
Square off Trades: Margin Scrips
| Segment | Fee |
| Equity Delivery (Buy and Sell) | 0.50% or min INR 25 or ceiling of 2.5% of the transaction value |
| Brokerage for Scrips less than INR 10 per share | INR 0.05 per unit |
| GST | 18% on Brokerage |
| Securities Transaction Tax (STT) (Buy and Sell) | 0.025% of transaction value |
| Stamp Duty | 0.002% of Turnover |
| SEBI Turnover Tax | 0.00015% on turnover + 18% GST |
Derivatives
Non-Square off Trades
| Segment | Fee |
| Brokerage (Buy and Sell) | 0.50% or min INR 25 or ceiling of 2.5% of the transaction value |
| GST | 18% on Brokerage |
| Securities Transaction Tax (STT) (Buy and Sell) | 0.1% of transaction value |
| Stamp Duty | 0.002% of Turnover |
| SEBI Turnover Tax | 0.00015% on turnover + 18% GST |
Square off Trades
| Segment | Fee |
| Brokerage (Buy and Sell) | 0.025% or min INR 25 or ceiling of 2.5% of the transaction value |
| GST | 18% on Brokerage |
| Securities Transaction Tax (STT) (Buy and Sell) | 0.01% of transaction value |
| Stamp Duty | 0.002% of Turnover |
| SEBI Turnover Tax | 0.00015% on turnover + 18% GST |
Options
| Segment | Fee |
| Brokerage (Buy and Sell) | 1% of the premium amount or INR 100 per lot |
| GST | 18% on Brokerage |
| Securities Transaction Tax (STT) | Sell: 0.05% of Premium value0.125% of intrinsic value on exercise |
| Stamp Duty | 0.002% of Turnover |
| SEBI Turnover Tax | 0.00015% on turnover + 18% GST |
Currency Derivatives
| Segment | Fee |
| Currency Futures | Brokerage of INR 23 per contract on carry forward tradesINR 12 on square up of trades each side |
| Currency Options | INR 20 per contract on carry forwardINT 10 on square up of trades each side |
| GST | 18% on Brokerage |
| Stamp Duty | 0.002% of Turnover |
| SEBI Turnover Tax | 0.00015% on turnover + 18% GST |
HDFC Securities Leverage
| Equity Delivery | Up to 8x |
| Equity Intraday | Up to 14x |
| Equity Futures | Up to 7x |
| Equity Options | Up to 8x |
| Currency Futures | Up to 7x |
| Currency Options | Up to 5x |
| Commodities | Up to 6x |
HDFC Securities Consumer Complaints Report
| Exchange | Financial Year | Number of Clients | Complaints |
| NSE | 2020-21 | 729,868 | 49 |
| NSE | 2019-20 | 720,150 | 104 |
| BSE | 2019-20 | 233,681 | 13 |
| NSE | 2018-19 | 668,312 | 87 |
| BSE | 2018-19 | 175,213 | 9 |
| NSE | 2017-18 | 602,493 | 102 |
| BSE | 2017-18 | 331,578 | 33 |
| NSE | 2016-17 | 483,244 | 95 |
| BSE | 2016-17 | 175,243 | 20 |
| NSE | 2015-16 | 408,059 | 75 |
Conclusion
HDFC Securities offers quality financial services to its customers. It also offers qualitative investment products and provides satisfactory services to customers. HDFC Securities aims to give a clear vision regarding investment decisions to the clients.
