HDFC Securities is one of the leading stockbrokers in India, and they offer a variety of brokerage plans to suit the needs of different investors. Whether you’re a beginner or a seasoned pro, HDFC Securities has a brokerage plan for you.
In this blog post, we’ll take a look at the different HDFC Securities brokerage plans available in 2024, and help you choose the right one for your needs. We’ll also compare the different plans and highlight the key features of each one.
So, if you’re looking to open a demat account with HDFC Securities, or if you’re simply curious about the different brokerage plans they offer, read on!
About HDFC Securities
HDFC Securities is a company where you can buy and sell stocks and other financial stuff. They have different prices for different things you do.
For buying and selling stocks on the same day, they charge at least Rs 25. It’s the same for when you buy and keep the stocks for a longer time (like for a few days). If you want to trade in futures, it’s also Rs 25.
But if you trade in options, the cost depends on how many contracts or lots you use.
Now, they also have something called the “Value Brokerage” plan. If you use this plan, they charge you less for some things.
For example, when you buy and keep stocks for a while, they only take 0.10% of your money. For same-day trading, it's just 0.010%. And for futures, it's a flat Rs 20 per trade.
But to use this special plan, you have to pay a fee, which can be between Rs 199 to Rs 5,999. This plan is valid for 360 days.
Let’s discuss HDFC Securities Brokerage Plans in Details:
HDFC Securities Brokerage Plans
HDFC Securities offering a variety of brokerage plans to suit the needs of different investors. Whether you’re a beginner or a seasoned pro, HDFC Securities has a brokerage plan for you.
Here’s the list of HDFC Securities brokerage plans available in 2024:
1.Standard Plan:
This is the default brokerage plan for all HDFC-Securities customers. It offers a tiered brokerage structure based on the trade value.
For example, the brokerage for equity delivery trades is 0.50% of the trade value or Rs 25, whichever is higher.
2.Value Plans:
HDFC-Securities also offers a variety of Value Plans that offer lower brokerage rates than the Standard Plan.
However, Value Plans typically have a subscription fee associated with them.
For example, the HDFC-Securities Lifetime Value Plan offers a brokerage rate of 0.06% on equity delivery trades, but it has a subscription fee of Rs 5,999.
HDFC Securities Standard Plan
The HDFC Securities Standard Plan is the default brokerage plan for all HDFC-Securities customers. It offers a tiered brokerage structure based on the trade value.
HDFC Securities Standard Plan brokerage rates:
| Segment | Brokerage Fee |
|---|---|
| Equity Delivery | 0.50% of trade value or Rs 25, whichever is higher |
| Equity Intraday | 0.05% of trade value or Rs 25, whichever is higher |
| Equity Futures | 0.05% of trade value or Rs 25, whichever is higher |
| Equity Options | Rs 100 per lot or 1% of the premium (whichever is higher) |
| Currency Futures | Rs 23 per contract |
| Currency Options | Rs 20 per contract |
| Commodity Futures | 0.02% for Intraday / 0.025% for positional or Rs 20 whichever is higher |
| Commodity Options | Rs 100 per lot |
Example:
If you place an equity delivery trade for 100 shares of a stock priced at Rs 100 per share, your brokerage fee would be Rs 50 (0.50% of Rs 10,000).
Benefits of the HDFC Securities Standard Plan
- No subscription fee
- Tiered brokerage structure based on the trade value
Drawbacks of the HDFC Securities Standard Plan
- Higher brokerage rates than discount brokers.
Who is the HDFC Securities Standard Plan for?
The HDFC-Securities Standard Plan is for investors who are looking for a brokerage plan with no subscription fee and a tiered brokerage structure based on the trade value.
Is the HDFC Securities Standard Plan worth it?
Whether or not the HDFC-Securities Standard Plan is worth it depends on your individual trading needs and budget. If you are a beginner investor or a casual trader, then the plan may be a good option for you.
However, if you are a frequent trader, you may want to consider a discount broker with lower brokerage rates.
HDFC Securities Lifetime Value Plan
The HDFC Securities Lifetime Value Plan is a brokerage plan that offers a flat brokerage rate of 0.06% on equity delivery trades and Rs 20 per order on derivatives trades. The plan has a lifetime subscription fee according to your plans.
HDFC Securities Value Plans and Brokerage Charges:
| Plan | Rs 199 | Rs 299 | Rs 999 | Rs 1,999 | Rs 2,999 | Rs 3,999 | Rs 4,999 | Rs 5,999 |
|---|---|---|---|---|---|---|---|---|
| Equity Delivery (%) | 0.32% | 0.27% | 0.22% | 0.18% | 0.15% | 0.15% | 0.10% | 0.10% |
| Equity Intraday (%) | 0.032% | 0.027% | 0.022% | 0.018% | 0.015% | 0.015% | 0.010% | 0.010% |
| Options (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Futures (per order) | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Zero Brokerage on ETF | No | No | No | No | Yes | No | No | Yes |
Key features of the HDFC Securities Lifetime Value Plan
- Subscription charges range from Rs 199 to Rs 5,999.
- Brokerage rates for equity delivery and equity intraday trades range from 0.32% to 0.10% and 0.032% to 0.010%, respectively.
- Brokerage rates for options and futures trades are Rs 20 per order.
- Only the Value 3999 and Value 5999 plans offer zero brokerage on ETFs.
Benefits of the HDFC Securities Lifetime Value Plan
- Lower brokerage rates than the Standard Plan, especially for frequent traders
- Convenience of a lifetime subscription
- Free equity delivery volume for 360 days
Drawbacks of the HDFC Securities Lifetime Value Plan
- High subscription fee
- Requires derivatives privilege to avail benefits
Who is the HDFC Securities Lifetime Value Plan for?
The HDFC Securities Lifetime Value Plan is for frequent traders who are looking for a brokerage plan with low brokerage rates and the convenience of a lifetime subscription.
Is the HDFC Securities Lifetime Value Plan worth it?
Whether or not the HDFC Securities Lifetime Value Plan is worth it depends on your individual trading needs and budget. If you are a frequent trader who trades large volumes, then the plan could save you a significant amount of money in brokerage fees over the lifetime of your subscription.
However, if you are a beginner investor or a casual trader, then the high subscription fee may not be worth it.
Here is a simple calculation to help you decide if the HDFC Securities Lifetime Value Plan is right for you:
Assume that you trade 100 equity delivery trades per month with an average trade value of Rs 10,000.
On the Standard Plan, your brokerage fees would be Rs 500 per month (0.50% of Rs 10,000 * 100 trades).
On the Lifetime Value Plan, your brokerage fees would be Rs 600 per month (Rs 20 per order * 100 trades).
Your annual brokerage savings would be Rs 600 (Rs 600 per month * 12 months).
If your annual brokerage savings exceed the Rs 5,999 subscription fee, then the Lifetime Value Plan is worth it for you. Otherwise, you should consider a different brokerage plan.
Why I need to choose HDFC Securities Value Plan?
- Your trading frequency: How often do you trade? If you trade frequently, you may want to choose a plan with lower brokerage rates.
- Your trade value: How large are your trades? If you trade large volumes, you may want to choose a plan with tiered brokerage rates based on the trade value.
- Your budget: How much are you willing to pay in subscription fees?
- Your trading needs: Do you need access to research services or other features?
Comparison of HDFC Securities Standard Plan and Value Plans:
| Plan | Subscription Fee | Equity Delivery Brokerage | Equity Intraday Brokerage | Options Brokerage | Futures Brokerage |
|---|---|---|---|---|---|
| Standard | None | 0.50% or Rs 25, whichever is higher | 0.05% or Rs 25, whichever is higher | Rs 100 per lot or 1% of the premium (whichever is higher) | Rs 23 per contract |
| Value 199 | Rs 199 | 0.32% | 0.032% | Rs 20 | Rs 20 |
| Value 299 | Rs 299 | 0.27% | 0.027% | Rs 20 | Rs 20 |
| Value 999 | Rs 999 | 0.22% | 0.022% | Rs 20 | Rs 20 |
| Value 1999 | Rs 1999 | 0.18% | 0.018% | Rs 20 | Rs 20 |
| Value 2999 | Rs 2999 | 0.15% | 0.015% | Rs 20 | Rs 20 |
| Value 3999 | Rs 3999 | 0.15% | 0.015% | Rs 20 | Rs 20 |
| Value 4999 | Rs 4999 | 0.10% | 0.010% | Rs 20 | Rs 20 |
| Value 5999 | Rs 5999 | 0.10% | 0.010% | Rs 20 | Rs 20 |
Which HDFC Securities brokerage plan is right for you?
If you are a beginner investor, you may want to start with the HDFC Securities Standard Plan. This plan does not have any subscription fee, and it offers a tiered brokerage structure based on the trade value.
If you are a frequent trader, you may want to consider a Value Plan. Value Plans have a subscription fee, but they offer lower brokerage rates than the Standard Plan.
The best HDFC Securities brokerage plan for you will depend on your individual trading needs and budget.
FAQs
How can I reduce my HDFC Securities brokerage fees?
You need to subscribe any value pack according to your strength, to reducing your HDFC Securities Brokerage Fees.
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