How to Invest in Share Market through HDFC Demat Account
How to Invest in Share Market through HDFC Demat Account
Investing in the share market through HDFC Demat Account is a simple process. Here are the steps to follow:
1. Open a Demat Account: To start investing in the share market, you need to open a Demat account with HDFC Securities. This account acts as a repository for all your shares and securities. You can open an account either online or by visiting an HDFC Securities branch.
2. Complete the KYC formalities: Once you have opened a Demat account, you need to complete the Know Your Customer (KYC) formalities. This involves submitting proof of identity, address, and income.
3. Fund your trading account: You need to fund your trading account before you can start buying shares. You can do this online by transferring funds from your bank account.
4. Place an order: To buy shares, you need to place an order through the HDFC Securities trading platform. You can either place a market order or a limit order. A market order is executed at the best available price, while a limit order allows you to specify the maximum price you are willing to pay for a stock.
5. Monitor your investments: Once you have placed your order, you can monitor your investments through the HDFC Securities trading platform. You can also track the performance of your portfolio and make changes as required.
HDFC Account Opening Charges
Transaction | Charges |
Trading Account Opening Charges | ₹0 |
Trading Account AMC charges | ₹0 |
Demat Account Opening Charges | ₹0 |
Demat AMC (Yearly) | Preferred: - ₹300/- Classic: - ₹250/- Prime: - ₹700/- Standard: - ₹750/- |
HDFC Brokerage Charges
Segment | Brokerage Charged |
Monthly Fee (Fixed) | NA |
Equity Delivery | 0.50% |
Equity Intraday | 0.05% |
Equity Futures | 0.05% |
Equity Options | ₹100 per lot or 1% of the premium (whichever is high) |
Currency Futures | ₹23 per contract |
Currency Options | ₹20 per contract |
Commodity Futures | 0.02% for Intraday/ 0.025% for Positional |
Commodity Options | ₹100 per lot |
Investing with an HDFC Demat account is a good option depending on various factors such as an individual's financial goals, risk tolerance, and investment timeline. HDFC Securities is a well-established player in the Indian securities market and offers a range of products and services to its clients, including Demat and trading services. The platform is user-friendly and provides access to a wide range of securities, including stocks, bonds, and mutual funds.
Also Read- Different Type of Mutual Funds
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