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.
|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|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||NEST||Securities Trading and Securities Processing|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||N||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||N||Y|
|Reports||Daily Market Report||N||Y|
|Quarterly Analysis of Results||N||Y|