HDFC Securities Margin/Exposure Limit for Intraday and Futures
HDFC Securities is the most renowned financial service providing company which is a subsidiary of private bank HDFC. It provides the both online trading and the trading on the go i.e. mobile or tab. It facilitates its customers with a unique three in one feature that integrates your HDFC securities trading account with the existing HDFC bank savings account and the existing demat account. This account helps in the smooth movement of funds or shares from the demat or bank account to execute the transactions.
HDFC Securities avails its customers with the Cash-n-Carry on both the NSE and BSE, day trading on both the NSE and BSE, trade on the Futures & Options on the NSE and the online IPO investment.
Features of HDFC Securities
1. Smooth Transactions: It carries the transactions smoothly by integrating the accounts and ensuring that there must be minimal waste of time during the movement of funds and shares.
2. Instant order placement: Since the orders are placed electronically. Thus, they are available instantly.
3. Manipulation: An email confirmation is sent to prevent any mismanagement.
4. Security and Safety: It offers the highest level of security such as 128- bit encryption technology.
HDFC Securities Margin Limit
HDFC Securities provides its customers a broad range of products and services. E-Margin is one of its facility that allows the traders to trade more with the minimal money.
Margin Trading allows the customer to buy more stocks with the limited funds. HDFC securities offers various E-Margin facility. The facility allows the customers to buy their favourite stocks at the same by paying a small amount. An individual can hold the stocks for up to 180 days.
What is E-margin facility?
E-margin is the leverage or the margin trading facility that is offered by the HDFC Securities. This trading facility allows trade in securities simply by paying an amount much less than the trade value. It facilitates its customers to take a position that can be squared-off or the converted to delivery (C2D) till 180 days from the day of the trade. The customer can simply convert the trades to delivery by paying the total value of the trade.
The firm will debit the margin amount and mark to the market loss i.e. the difference between buying and closing price for the cash trades each day. The mark to market loss will only be debited for the trades taken against the collateral.
Interest and Brokerage on the E-Margin Facility
The HDFC Securities will charge the interest at 18% GST on the outstanding debit balance from the pay-in date for E-margin positions. The brokerage charged on the E-Margin Facility are:
Position Squared off
No. of days to be levied
Equity Sq. off
1 day+ no. of holidays
2 days + no. of days
3 days + no. of holidays
4 days + no. of holidays
30 days + no. of holidays
Timings for HDFC E-Margin Trading
The E-margin trades can be placed between 09:00 AM to 03:30 PM. An individual needs to square off all the open positions by 2:45 PM on T + 180 days.
1. The system will automatically square off all the positions on the T + 180 days or as applicable at any time after the 2:45 PM.
2. The settlement holidays are counted as the trading day.
3. The E-Margin is available only in the Equity Segment.
4. An individual will be liable to pay mark to market loss on the open positions.
• NRE/NRO Regular Savings Account with any branch in India.
• NRE/NRO PIS Savings Account with the designated branch.
• NRE/NRO PIS Permission through HDFC Bank.
• NRE/NRO Demat Account with HDFC Bank.
• NRI Trading Account with HSL.
The application is processed at CPU and then it is forwarded to the HDFC Bank for the linking or opening of the bank and depository accounts. Once the savings and DP accounts are opened, the securities trading account is opened and then the details of all the accounts and the TIN, passwords, etc. are sent to you. If the application remains un processed because of any missing details then the customers will be contacted by the representative.
A cut off price is the offer price that is finalised by a company in consultation with the book running lead managers (BRLMs), that could be any price within the price band. It is different from a floor price that is the minimal price at which the bids can be made.
HDFC Bank Demat Account is the easiest, safest and the most convenient way of storing the investments. Now, open the demat account without any charges and then combine a trading account and a savings account to seamlessly bank and invest.
The “Limit Price” shall mean that the price limit must be specified by the client to the HDFC Securities up to which the price the stop loss limit order for the cover order can get executed. The “margin” shall mean that the total amount must be made available by the client to HDFC Securities for taking a Cover Order Position under this facility.
The PIS account are always opened as per the holding pattern of the demat account. Thus, if the demat account exists in the combination of A+B+C, then the PIS permission too would be in combination of A+B+C. However, the Bank account can be solely in the name of A.
Login with HDFC Securities trading website and then click on IPO button on the top navigation bar to see the list of current IPOs/FDs. Click on apply of the IPO that you would like to apply for. On Place order page choose the select investor status (i.e. ASBA Retail), enter the order information and then click on proceed.