Kotak Securities vs HDFC Securities – Point by Point Comparison

HDFC securities are HDFC Bank’s Equity Trading Company. Kotak Securities Limited is the largest traditional broker in India providing wide range of investment options to its customers including Trading in Equity & Derivatives, Investment in IPO’s. Kotak Securities has an extended network of 1400 branches all over India. While comparing both of these, there are certain points which can come to light. HDFC Securities trading account has a unique 3-in-1 feature which provides an easy way to invest in the stock market and so does Kotak, which has a 3-in-1 account too! Both of them are quite similar.

Kotak is a full service broker, and so is HDFC. Account type for HDFC is online trading, whereas for Kotak it is a fixed brokerage plan.

For HDFC securities, minimum brokerage per order for both Indians and NRIs and for both buy and sell orders is Rs. 25. For Kotak, it is 4 paise for delivery and 3 paise for Futures and Intraday orders.

    Kotak Securities HDFC Securities
Basic Information Type of Broker Full Service Broker 3-in-1 Full Service Broker
Exchanges BSE, NSE, MCX, MCX-SX & NCDEX BSE, NSE
Fees for Opening Trading Account Rs. 750 Rs. 999
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Nil Nil
Annual Maintenance Charges of Demat Account Rs. 600 Rs. 750
Brokerage Charges Equity Delivery Charges 0.49% 0.50%
Equity Intraday Charges 0.05% 0.50%
Equity Future Charges 0.05% 0.05%
Equity Options Charges Rs. 100 Rs. 100
Currency Futures Charges NA Rs. 23 per contract
Currency Options Charges NA Rs. 23 per contract
Commodity Charges 0.07% NA
Minimum Brokerage Charges Rs. 21 per executed order Rs. 25 per trade
Transaction Charges Equity Delivery 0.10% 0.10%
Equity Intraday 0.025% on selling ledger 0.025% on sale transations
Equity Futures 0.01% 0.01% on sale transactions
Equity Options 0.02% 0.017% on Premium
Currency Futures 0.01% 0.01% on sale transactions
Currency Options 0.02% 0.017% on Premium
Commodity 0.00% NA
Features 3-in-1 Account Y Y
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y Y
Online Demo Y Y
Online Portfolio Y Y
Trading Platform NA Securities Trading and Securities Processing
Investment Services Stock/ Equity Y Y
Commodity Y N
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt N Y
Bond/ NCD Y Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat Y Y
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results NA Y

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