SBICAP Securities (often called “SBI Securities”) and HDFC Securities are two of India’s prominent full-service stock brokers backed by major banking institutions and registered with SEBI. Both offer a comprehensive product suite, 3-in-1 account integration (bank + trading + demat), research support, and advanced trading platforms.
In this article, we compare SBICAP Securities Vs HDFC Securities, comparing their account charges, brokerage plans, platform innovations, and support, so you can decide which one matches your financial goals and trading style.
Table of Contents
SBICAP Securities Vs HDFC Securities: Company Background
SBICAP Securities: A subsidiary of the State Bank of India (SBI) group, SBICAP Securities provides full-service broking across equity, derivatives, mutual funds, and more. The broker leverages the SBI brand strength and wide branch/distribution network. SBICAP Securities offers online trading plus traditional branch support.
HDFC Securities: A subsidiary of HDFC Bank, is one of India’s leading full-service stock brokers. With 15 lakh clients and over 270 branches across India, HDFC Securities offers more than 30 investment products via multiple online and offline platforms, ensuring a seamless experience. Its 3-in-1 account integrates savings, trading, and Demat accounts for convenience.
| Particular | SBICAP Securities | HDFC Securities |
|---|---|---|
| Broker Type | Full Service | Full Service |
| Parent Bank | State Bank of India | HDFC Bank |
| Founded | 2001 | 2000 |
| Branches | 117+ | 270+ |
| Active Clients | 1,047,604 | 1,574,443 |
| Exchange Membership | BSE, NSE | BSE, NSE |
Product Range and Investment Options
SBICAP Securities: Offers equities (delivery & intraday), equity futures & options, currency, mutual funds, IPOs, bonds, and other investment vehicles. For example, under its “ProZero” plan, it mentions zero brokerage for F&O intraday and a flat charge of INR 20 for carry-forward trades.
HDFC Securities: Its customers to trade and invest in shares, bonds, futures, options, buybacks, mutual funds, IPOs, currency derivatives, commodities, stock portfolios, etc.
SBICAP Securities Vs HDFC Securities Charges
- SBICAP Securities Vs HDFC Securities Account Opening & AMC Charges
Both brokers allow free demat account opening, but HDFC Securities’ DP Charge is higher.
| Charge Type | SBICAP Securities | HDFC Securities |
|---|---|---|
| Trading Account | Zero | INR 199 |
| Demat Account | Zero | Zero |
| Demat AMC Charges | INR 750 Per Year | INR 750 Per Year |
| DP Charges (Sell) | INR 21 Per Scrip | INR 25 Per Scrip |
- SBICAP Securities Vs HDFC Securities Brokerage Charges Plan 1
| Particulars | SBICAP Securities (Suvidha) | HDFC Securities (Lite 199) |
| Equity Delivery | 0.50% | 0.32% |
| Equity Intraday | INR 20 per order | 0.032% |
| Equity Futures | 0.05% | INR 20 per order |
| Equity Options | INR 50 per order | INR 20 per order |
| Currency | INR 100 per order | INR 25 per order |
| Commodity | NA | 0.025% |
| Call & Trade Charge | First 30 calls free, later INR 10+ per call | Zero |
| Minimum Brokerage | INR 10 per order | INR 25 per order |
| P&L/CMR Charges | 0.01% | Zero |
Also Read: Top Stock Brokers in India 2024
- SBICAP Securities Vs HDFC Securities Brokerage Charges Plan 2
| Particulars | SBICAP Securities (PRO 749) | HDFC Securities (Alpha 1,999) |
| Equity Delivery | 0.35% | 0.18% |
| Equity Intraday | INR 20 per order | 0.018% |
| Equity Futures | 0.02% | INR 20 per order |
| Equity Options | INR 20 per order | INR 20 per order |
| Currency | INR 20 per order | INR 25 per order |
| Commodity | NA | 0.025% |
- HDFC Securities Vs HDFC Securities Brokerage Charges Plan 3
| Particulars | SBICAP Securities (OIOP- 3K) | HDFC Securities (Alpha 4,999) |
| Equity Delivery | 0.20% | 0.10% |
| Equity Intraday | INR 20 per order | 0.010% |
| Equity Futures | INR 20 per order | INR 20 per order |
| Equity Options | INR 20 per order | INR 20 per order |
- SBICAP Securities Vs HDFC Securities – Transaction Charges
| Particulars | SBICAP Securities | HDFC Securities |
| Equity Delivery | NSE: 0.00297%, BSE: 0.00375% (Both Buy & Sell) | NSE: 0.00297%, BSE: 0.00375% (Both Buy & Sell) |
| Equity Intraday | NSE: 0.00297%, BSE: 0.00375% (Both Buy & Sell) | NSE: 0.00297%, BSE: 0.00375% (Both Buy & Sell) |
| Equity Futures | NSE: 0.00173%, BSE: Zero (Both Buy & Sell) | NSE: 0.00173% l BSE: Zero |
| Equity Options | NSE: 0.03503% | BSE: 0.0325% (on premium) | NSE: 0.03503% | BSE: 0.0325% (on premium) |
| Currency Futures | NSE: 0.00035%| BSE: 0.00045% | NSE: 0.00035%| BSE: 0.00045% |
| Currency Options | NSE: 0.0311%| BSE: 0.001% | NSE: 0.0311%| BSE: 0.001% |
| SEBI Turnover Charges | INR 10/crore | INR 10/crore |
| Pledging Charges | INR 25 per scrip | INR 25 per scrip |
| Auto Square off Charges | INR 40 + GST per order | INR 50 + GST per order |
| API Subscription Charges | Zero | As per the plan |
Read Also: SBICAP Securities Vs Kotak Securities: Full Service Broker Comparison
- SBICAP Securities Vs HDFC Securities Leverage (Margin)
HDFC Securities’ margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock, whereas the SBICAP Securities margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
HDFC Securities Vs SBICAP Securities: Trading Platforms & Features
| Feature/Platform | HDFC Securities | SBICAP Securities |
|---|---|---|
| 3-in-1 Account | Yes | Yes |
| Mobile App | Yes | Yes |
| Desktop Terminal | Yes, (ProTerminal, Blink, HDFC Sec App) | Yes, (SBISmart Xpress) |
| Web Trading | Yes | Yes |
| Algo Trading | No | Yes |
| Global Investing | Yes | Yes |
| Basket Trading | Yes | No |
| Research & Reports | Yes | Yes |
SBICAP Securities Vs HDFC Securities – Pros and Cons
| HDFC Securities | SBICAP Securities | |
| Pros | 1. Seamless 3-in-1 account integration with HDFC Bank. 2. Strong research reports and fundamental analysis. 3. Large branch and offline support network. 4. Advanced trading platforms and mobile apps. 5. Multiple investment products under one roof. | 1. Offer a 3-in-1 account for seamless transactions.. 2. Full-service broker offering services online as well as through branches. 3. Wide range of investment options. 4. Free research reports are available. |
| Cons | 1. Higher brokerage and demat AMC charges. 2. Minimum balance required in the bank account. 3. Classic tech feels outdated compared to discount brokers. 4. Delivery brokerage can be costly for casual investors. | 1. Installable Trading Terminal (exe) is not available for frequent traders. 2. Good Till Cancelled (GTC) orders are not available. 3. Very high brokerage. 4. Commodity (MCX) trading is not available. |
Conclusion
Both SBICAP Securities and HDFC Securities are reliable full-service brokers backed by strong banking groups, offering a 3-in-1 account, extensive investment products, and research support. However, the better choice depends on your trading needs. HDFC Securities stands out for its wider branch network, advanced trading platforms, and stronger research ecosystem, making it ideal for active investors seeking premium tools and insights.
In contrast, SBICAP Securities appeals to those who prefer SBI’s trusted network, simple pricing, and easy banking integration. If you prioritize innovation and platform efficiency, choose HDFC Securities; if you prefer simplicity and SBI-backed reliability, go with SBICAP Securities.
SBICAP Securities Vs HDFC Securities FAQs
Which broker is better — HDFC Securities or SBICAP Securities?
If you want advanced tools and strong research, go with HDFC Securities. If you prefer SBI-backed reliability and simpler pricing, pick SBICAP Securities.
Which broker offers lower brokerage charges?
HDFC Securities offers lower brokerage charges than SBICAP Securities, making it more cost-effective for both delivery and intraday trading.
What is the HDFC Securities AMC charge?
HDFC Securities AMC charges stand at INR 750 Per Year (Free for the First Year) + GST (18%).
What is the SBICAP Securities market share?
SBICAP Securities has a market share of 2.22%
What is the HDFC Securities market share?
HDFC Securities has a market share of 3.34%