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HDFC Securities Vs Karvy Online
| | Broker Comparison, Trading | No Comments
HDFC Securities Vs Karvy Online comparison brings direct values each stockbroker brings to its clients and at the same time, talks about the aspects where a particular broker fails against client expectations.
We will talk at length in this detailed review for your reference.
HDFC Securities Vs Karvy Online Comparison
Here is a point by point comparison of HDFC Securities Vs Karvy Online.
Karvy Online is the broking arm of Karvy Group and has a presence across 400 cities of India. It is involved not only in retail broking but also has a prominent name in institutional and corporate investments.
Incorporated in 1985, Karvy today has memberships with BSE, NSE, MCX-SX, MCX and NCDEX and is one of the top 10 stock brokers in India.
HDFC Securities is the equity trading arm of HDFC Bank. It was founded in the year 2000 as a joint venture between HDFC Limited, HDFC Bank Limited and IndOcean E-Securities Holding limited.
Since both the brokers in context here are full-service brokers, choosing between the two depends on your preferences, your risk appetite, your understanding of the stock market etc.
To make things easy for you, we have listed out the comparison between HDFC Securities Vs Karvy Online to help you find which of the two suits your needs better.
The comparison is made on aspects such as:
- Company Overview
- Account Opening Charges
- Brokerage
- Exposure or Leverages
- Research
- Trading Platforms
- Other Features
HDFC Securities Vs Karvy Online Compare
Generally, above-mentioned aspects are good enough to make a decision based on your preferences but feel free to let us know what more areas you would like us to cover.
Most of the content has been vetted by the corresponding stockbroking firms. We hope this article helps you to understand which of the two brokers is better for your needs.
 |  | |
| Karvy Online Review | HDFC Securities Review | |
| OVERVIEW | ||
| Broker Type | Full Service | Full Service Broker |
| Incorporated In the Year | 1985 | 2000 |
| Number of branches across India | 400 | 250 |
| Exchanges | BSE, NSE, MCX-SX, MCX and NCDEX | BSE, NSE |
| ACCOUNT CHARGES | ||
| Trading Account Opening Charges | ₹0 | ₹999 |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Demat Account Opening Charges | ₹420 | ₹0 |
| Demat Account Annual Maintenance Charges | ₹500 (FREE for first year) | ₹750 |
| Transaction Charges | Karvy Online Transaction Charges | HDFC Securities Transaction Charges |
| BROKERAGE | ||
| Equity Delivery | 0.3% | 0.5% or INR 25 whichever is higher |
| Intraday Delivery | 0.03% | 0.1% |
| Equity Futures | 0.03% | 0.05% or INR 25 whichever is higher |
| Equity Options | ₹30 per lot | INR 100 per lot |
| Currency Futures | 0.03% | INR 23 per contract |
| Currency Options | ₹30 per lot | INR 20 per contract |
| Commodity | 0.03% | NA |
| Calculate Brokerage | Karvy Online Brokerage Calculator | HDFC Securities Brokerage Calculator |
| EXPOSURE OR LEVERAGE | ||
| Equity | Intraday upto 20 times, 0 for Delivery | Upto 20 Times for Intraday & 2 Times for Delivery |
| Equity Futures | Upto 4 times for Intraday | NA for Intraday |
| Equity Options | No Leverage for buying, upto 4 times for Shorting Intraday | NA for Intraday |
| Currency Futures | No Leverage | NA for Intraday |
| Currency Options | No Leverage | NA for Intraday |
| Commodities | Upto 4 times for Intraday | NA |
| RESEARCH | ||
| Daily Market Reports |  | |
| Tips/Recommendations | | |
| Quarterly Analysis | | |
| News Alerts | | |
| TRADING SEGMENTS | ||
| Equity | | |
| Mutual Funds | | |
| IPOs | | |
| Currency | | |
| Commodity | |  |
| CUSTOMER SERVICE OPTIONS | ||
| Email Support | | |
| Live Chat | | |
| Phone | | |
| Toll Free Number | | |
| Offline Branches | | |
| FEATURES | ||
| Mobile Trading | | |
| Orders Accepted After Trading Hours | | |
| Charting | | |
| SMS Alerts | | |
| Robo Advisory | | |
| Automated Trading | | |
| Market Tips | | |
| Margin Funding | | |
| Relationship Managers | | |
| 3 in 1 Account | | |
| Trading Platform(s) | NEST, Karvy Web, Trade Mobile App | Blink |
| Total BSE+NSE Complaints %age | 229 | 88 |
| OVERALL RATING |  |  |
*NSE Complaints Percentage: Lower is this number, Better is the broker.
Before we complete this comparison, we think one quick understanding of brokerage charges is important.
Full-service stockbrokers charge brokerage as a percentage of your trading turnover. For instance, if you place a trade of ₹10,000 for Equity delivery and your broker charges 0.4% or 40 paise as brokerage.
This would mean, you will be charged 0.40% of ₹10,000 i.e. ₹40 as the brokerage for that particular trade.
Here is a brokerage calculator for your reference.
Also, check out some of the other stockbroker comparisons you might be interested in.
Have you in the past or are currently trading with any of the above stockbrokers? If yes, would you like to share your experience(s) with HDFC Securities Vs Karvy Online for the benefits of other readers? Please feel free to share in the comments below.
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HDFC Securities Vs Karvy Online
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