HDFC Securities vs ICICI Direct

Complete charge comparison — every fee, calculated. ₹50,000 delivery trade baseline.

Full-Service
HDFC Securities
₹721.51
Total cost on ₹50K delivery trade
VS
Full-Service
ICICI Direct CHEAPER
₹430.11
Total cost on ₹50K delivery trade
VERDICT — ₹50,000 DELIVERY TRADE
ICICI Direct costs ₹291.40 less on a ₹50,000 delivery trade. ICICI Direct charges lower brokerage on delivery. On an annual basis, ICICI Direct saves ₹17630 for a long-term investor making 5 delivery trades per month.

Side-by-Side Charge Comparison

ChargeHDFC SecuritiesICICI DirectDifference
Delivery Brokerage 0.5% min ₹25 0.25% Differs
Intraday Brokerage0.05% min ₹250.05%Differs
F&O OptionsPlan-basedDiffers
DP Charge 0.04% min ₹30 ₹23.60/scrip ₹291.4 gap
AMC / year ₹885/yr ₹826 incl. GST Differs
MTF Interest12.0% p.a.17.99% p.a.Differs
API AccessFreeFree
Call & TradeFree₹50
Networth₹2,700 Cr₹4,500 CrFinancial strength
Total (₹50K delivery) ₹721.51 ₹430.11 ₹291.40 gap

Annual Cost — Long-Term Investor

HDFC SecuritiesICICI Direct
Annual cost₹43696/yr₹26066/yr
Cheaper byICICI Direct saves ₹17630/year
Choose HDFC Securities if you...
  • HDFC Bank customers who need bundled banking
Choose ICICI Direct if you...
  • ICICI Bank customers

Charges sourced from official broker websites and NSE filings. Regulatory charges (STT, exchange fee, SEBI fee, stamp duty = ₹111.24 on ₹50K delivery) are identical at every broker. Budget 2026: futures STT raised to 0.05%, options STT to 0.15%, effective April 1 2026. Always verify current charges before trading. Not investment advice.