Detailed Broker Comparison
HDFC Securities vs SBI Securities
SBI Securities wins with zero AMC and lower brokerage while offering similar features.
H
HDFC Securities
4.1 rating
Full-Service Broker
Recommended
SBI
SBI Securities
4.4 rating
Full-Service Broker backed by SBI
Detailed Feature Comparison
Feature
HDFC Securities
SBI Securities
Founded
2000
2006
Broker Type
full-service
full-service
Parent Company
HDFC Bank
SBI Capital Markets Ltd
Account Opening
₹0
₹850
Demat AMC
₹750/year
₹750/year (1st year free)
Equity Delivery
0.50%
0.50%
Equity Intraday
0.05%
₹20 flat per order
Futures
0.05%
0.05% (0.03%+0.03% intraday)
Options
Rs 100 per lot
₹100 per lot (₹50+₹50 intraday)
Margin Funding
Up to 4x
Up to 4x (0% for 23 days, then 0.04%/day)
Research Reports
Advisory Services
NRI Services
3-in-1 Account
App Rating
4.1★
4.4★
Pros & Cons
HHDFC Securities
Pros
- 3-in-1 account with HDFC Bank
- Quality research
- Strong brand
- NRI services
Cons
- High brokerage
- AMC charges
- Outdated platform
SBI SecuritiesRecommended
Pros
- Backed by SBI - India's most trusted bank
- 23 days 0% interest on E-Margin/MTF
- 3-in-1 account with seamless banking
- Dedicated Relationship Manager
- 1500+ MTF eligible stocks
- Research & advisory support
Cons
- Higher delivery brokerage than discount brokers
- Account opening fee ₹850 (may be waived)
- Demat AMC ₹750/year (1st year free)
Why Choose SBI Securities?
While HDFC Securities offers good services, here's what sets SBI Securities apart
SBI's Trust
100% subsidiary of SBI Capital Markets. Your money is safe with India's largest bank group.
23 Days 0% MTF
Trade on margin interest-free for 23 trading days. No other broker offers this.
3-in-1 Account
Seamless integration of Demat, Trading, and Bank account for instant transfers.
Research & Advisory
Get expert stock recommendations and daily market reports.
NRI Services
Complete NRI trading services with dedicated support desk.
Dedicated RM
Get personalized support from your dedicated Relationship Manager.