RKSV vs HDFC Securities – Point by Point Comparison

When RKSV is weighed against HDFC Securities for online share trading, the first notable difference is that the former is a discount broker whereas the latter is a 3 in 1 full service broker. Another point of different is that RKSV deals in companies listed in BSE, NSE and MCX, as against HDFC Securities that deals in companies listed in BSE and NSE only. If you desire to open a trading account with HDFC Securities, it would cost you Rs. 999 when RKSV provides the same service at a much lower price i.e. Rs. 250 only.

Moreover, all kinds of brokerage charges, ranging from Equity Delivery to Commodity stand at 0.01% or Rs. 20 per executed order (whichever is lower) for RKSV. HDFC Securities charges 0.50% for both Equity Delivery and Equity Intraday and the charges for all other categories under brokerage differ by some or the other degree. Both companies offer excellent features in terms of mobile trading, SMS alerts, online demo and acceptance of orders after trading hours. A 3-in-1 account and an online portfolio are the only two features that RKSV lacks.

A quick glance at the investment services offered by both companies tells us that RKSV gets a thumbs-down when it comes to services like IPO (Initial Public Offers) and mutual funds. HDFC Securities upsets its customers because of lack of services regarding commodity.

The customers of both the companies enjoy wonderful support and are looked after through Email and phone.

    RKSV HDFC Securities
Basic Information Type of Broker Discount Broker 3-in-1 Full Service Broker
Exchanges BSE, NSE, MCX BSE, NSE
Fees for Opening Trading Account Rs. 250 Rs. 999
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 300 Nil
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 750
Brokerage Charges Equity Delivery Charges Nil 0.50%
Equity Intraday Charges Rs. 20 per executed order 0.50%
Equity Future Charges Rs. 20 per executed order 0.05%
Equity Options Charges Rs. 20 per executed order Rs. 100
Currency Futures Charges Rs. 20 per executed order Rs. 23 per contract
Currency Options Charges Rs. 20 per executed order Rs. 23 per contract
Commodity Charges Rs. 20 per executed order NA
Minimum Brokerage Charges Nil Rs. 25 per trade
Transaction Charges Equity Delivery 0.00% 0.10%
Equity Intraday 0.00% 0.025% on sale transations
Equity Futures 0.00% 0.01% on sale transactions
Equity Options 0.055% on Premium 0.017% on Premium
Currency Futures 0.00% 0.01% on sale transactions
Currency Options 0.06% on Premium 0.017% on Premium
Commodity 0.00% NA
Features 3-in-1 Account N Y
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y Y
Online Demo Y Y
Online Portfolio N Y
Trading Platform NEST Securities Trading and Securities Processing
Investment Services Stock/ Equity Y Y
Commodity Y N
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N Y
Bond/ NCD N Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

Like this Article? Subscribe to Our Feed!

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Out Best Brokerage Deals