HDFC as a brand is synonymous with quality. Be it banking, or be it stockbroking facilities. With all the perks that are available, there are certain charges as well. Today, we will be looking at HDFC Securities AMC charges associated with the demat account.
Traders consider various all sorts of things when looking at various stockbrokers to open an HDFC Securities Demat account. Among all of them, AMC or annual maintenance charges are an important aspect in this regard.
For this amount will be charged to them every year, regardless of the fact whether they transact or not, or how much the trader uses his/her demat account.
HDFC Securities is one of the most recognized brands in the stockbroking industry in the country. The bank-based full-service broker is known to provide excellent trading services.
Any quality service is bound to cost you all kinds of HDFC Demat Account charges as well, similarly, traders have to pay HDFC Securities AMC charges to rap the benefits of the account.
AMC Charges of HDFC Securities
HDFC Securities account holders will have to pay AMC charges for the demat account which is generally the case in the industry.
The broker offers a vast range of investment products, and even the AMC charges are decent as per the industry standards. Nothing is available for free. If it is, there must be some catch to it.
Here are the HDFC Securities AMC charges in full:
HDFC Securities AMC Charges
Demat Account Opening Charges
Trading Account Opening Charges
Annual Maintenance Charges
₹ 750 (From 2nd year onwards)
As can be seen from the above table, traders don’t have to pay AMC charges for the 1st year. However, the charges of ₹750 are applicable from the 2nd year onwards.
By the way, AMC charges are paid yearly, however brokerage is something you pay for every placed trade. That is why, it is way more important for you to understand HDFC Securities Brokerage charges.
HDFC Securities are one of the most recognized names in the stockbroking space in India. The broker has been in operations since 2000 and has made a special mark for itself in the industry.
The bank-based full-service broker offers a much cherished 3 in 1 account to its clients which offers an extra bit of ease in trading. This has attracted a huge number of clients to the broker.
Further, the prospect of an HDFC Securities demat account is made sweeter with all the investment options such as equity, derivatives, currency, mutual funds, etc.
To top things off, traders who opt to open a demat account have been exempted from paying HDFC Securities AMC charges for the first year.
However, the AMC charges of ₹750 are to be paid from the second year onwards.
Wish to open a Demat Account? Refer to the form below