HDFC Securities vs Sahi

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

HDFC Securities
HDFC Securities
Full-Service Broker · since 2000
VS
Sahi
Discount Broker · since 2021
Sahi

HDFC Securities vs Sahi — quick verdict

Choose HDFC Securities if

You want research and offline support

Invest Right. Invest Now.

Choose Sahi if

You want low-cost, self-directed trading

Trading Simplified.

Company overview

HDFC Securities is a full-service broker incorporated in 2000; Sahi is a discount broker incorporated in 2021.

ParameterHDFC SecuritiesSahi
Type of broker Full-Service Broker Discount Broker
Exchange membership NSE · BSE · MCX NSE · BSE
Year of incorporation 2000 older 2021
Number of branches 200+ Online Only
Active clients ~14.6 Lakh larger 1 Lakh+

Charges & AMC

Account-opening and maintenance charges for HDFC Securities and Sahi compared side by side.

ParameterHDFC SecuritiesSahi
Trading a/c opening ₹999 + GST ₹0
Trading a/c AMC ₹0 (Free) ₹0
Demat a/c opening ₹0 (Free) ₹0
Demat a/c AMC ₹750 per year* ₹0 lower
DP charges (per ISIN, sell) ₹18.50 + GST per debit transaction ₹13.5 per company (ISIN) on sell transactions lower

Brokerage charges

How HDFC Securities and Sahi price each trading segment, per executed order.

ParameterHDFC SecuritiesSahi
Equity Delivery 0.10% ₹10 or 0.05% per executed order (whichever is lower)
Equity Intraday 0.03% ₹10 or 0.05% per executed order (whichever is lower)
Equity Futures ₹20 per executed order or 0.03% (whichever is lower) ₹10 per executed order
Equity Options ₹20 per executed order ₹10 per executed order
Currency F&O ₹20 per executed order ₹10 per executed order
Commodity F&O ₹20 per executed order ₹10 per executed order
Call & Trade ₹20 per executed order Not Available

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by HDFC Securities and Sahi, per segment.

ParameterHDFC SecuritiesSahi
Equity Delivery NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%) NSE: 0.0030699% • BSE: 0.00375%
Equity Intraday NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%) NSE: 0.0030699% • BSE: 0.00375%
Equity Futures NSE ₹173 per Cr (0.00173%) | BSE ₹173 per Cr (0.00173%) NSE: 0.0018299%
Equity Options NSE ₹3,503 per Cr (0.03503%) | BSE ₹3,250 per Cr (0.0325%) NSE: 0.0355299% (on premium)
Currency Futures NSE ₹35 per Cr (0.00035%) | BSE ₹35 per Cr (0.00035%) NSE: 0.00035%
Currency Options NSE ₹3,100 per Cr (0.0311%) | BSE ₹1,000 per Cr (0.01%) NSE: 0.03110% (on premium)
Commodity Futures MCX ₹260 per Cr (0.00260%) MCX: As per applicable exchange charges
Commodity Options MCX ₹5,000 per Cr (0.05%) MCX: As per applicable exchange charges

Demat & DP charges

Depository (demat) charges for HDFC Securities and Sahi — AMC, debit transactions, pledging and remat.

ParameterHDFC SecuritiesSahi
Demat Account Opening ₹0 (Free) ₹0
Transaction Charges (Sell) ₹18.50 + GST per debit transaction —
Annual Maintenance Charges (AMC) ₹750 per year* ₹0
Pledge Creation / Invocation ₹25 + GST per request —
Remat ₹25 per certificate + applicable charges —
Failed Transactions Nil ₹50 per ISIN
Debit Transaction Charges — ₹13.5 per company (ISIN) on sell transactions
Pledge / Unpledge Charges — ₹15 per transaction/ISIN + GST
Dematerialisation (Demat) — ₹150 per certificate + courier charges
Rematerialisation (Remat) — ₹150 per certificate + courier charges

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by HDFC Securities and Sahi.

ParameterHDFC SecuritiesSahi
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday As per SEBI peak margin norms (Up to 5x) VAR + ELM Margin (Up to 5x*)
F&O (Eq/Curr/Comm) SPAN + Exposure Margin (1x) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) — Premium Value (Not Applicable)
Equity Options (Sell) — SPAN + Exposure Margin (As per available margin)
Currency Futures & Options — Not Available
Commodity Futures & Options — Not Available

Features & account

Account type and feature availability across HDFC Securities and Sahi.

ParameterHDFC SecuritiesSahi
3-in-1 account ✓ Yes better ✕ No
Automated / API trading ✕ No ✕ No
Margin Trading (MTF) ✓ Yes better ✕ No
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight Sahi Web, Sahi Mobile App
Intraday square-off 3:15 PM 3:15 PM
Other 3-in-1 account, MTF, research reports, IPO investment, basket orders, option chain, mutual funds, ETFs and bonds. Advanced Charts, Option Chain, Watchlists, Price Alerts, Digital KYC, Real-time Market Data, Portfolio Tracking

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by HDFC Securities and Sahi.

ParameterHDFC SecuritiesSahi
Trading platforms offered HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight Sahi Web, Sahi Mobile App
Number of platforms 4 more choice 2
Platforms (summary) HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight Sahi Web, Sahi Mobile App
Mobile / desktop apps Web + Mobile, Mobile, Desktop, Web Web, Mobile

User ratings

User ratings for HDFC Securities and Sahi across the key parameters.

Rated onHDFC SecuritiesSahi
Fees 4.3 4.8 better
Brokerage 4.4 4.8 better
Trading platform 4.7 better 4.5
Customer service 4.3 better 4.2
Research 4.5 better 3.8
Overall 4.4 4.4

Investment options

Which investment products HDFC Securities and Sahi let you access.

ParameterHDFC SecuritiesSahi
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes better ✕ No
IPO ✓ Yes better ✕ No
Mutual Funds ✓ Yes better ✕ No
Bonds / NCD ✓ Yes better ✕ No

Order types offered

Advanced order types supported by HDFC Securities and Sahi.

ParameterHDFC SecuritiesSahi
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes better ✕ No

Safety & credibility

SEBI registration, financial strength and complaint record for HDFC Securities and Sahi.

ParameterHDFC SecuritiesSahi
SEBI registration INZ000186937 INZ000314836
NSE member code 06586 90392
Year of incorporation 2000 longer track record 2021
Net worth ₹3,300+ Crore stronger ₹25+ Cr
Exchange memberships NSE · BSE · MCX NSE · BSE
Latest complaint ratio 0.175% N.A.

Complaints record

Exchange complaint data for HDFC Securities and Sahi — the ratio matters more than the raw count.

ParameterHDFC SecuritiesSahi
Latest financial year 2025-26 2025–26
Exchange NSE NSE
Active clients 15,39,103 Latest Available
Complaints filed 2,690 N.A.
Complaint ratio 0.175% N.A.

Pros & cons

The main advantages and drawbacks of each broker.

HDFC Securities

▲ Pros

  • ✓ Integrated 3-in-1 account with HDFC Bank.
  • ✓ Comprehensive research reports and expert recommendations.
  • ✓ Advanced web, mobile and desktop trading platforms.
  • ✓ Investment in Stocks, F&O, IPOs, Mutual Funds, ETFs and Bonds.
  • ✓ Margin Trading Facility (MTF) available.
  • ✓ Strong brand reputation with nationwide presence.
  • ✓ Dedicated relationship manager for eligible customers.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Annual Maintenance Charges apply for demat accounts.
  • ✕ Call & Trade service is chargeable.
  • ✕ Some advanced trading tools are available only to eligible customers.
  • ✕ Margin benefits depend on the applicable product and segment.
Sahi

▲ Pros

  • ✓ Simple and transparent brokerage structure.
  • ✓ ₹0 account opening and ₹0 annual Demat AMC.
  • ✓ Fully digital and paperless account opening.
  • ✓ User-friendly web and mobile trading platforms.
  • ✓ Advanced charting, watchlists, and option chain.
  • ✓ Suitable for beginners as well as active traders.

▼ Cons

  • ✕ Limited research and advisory services.
  • ✕ Investment products are fewer than large full-service brokers.
  • ✕ No physical branch network.
  • ✕ Call & Trade facility is limited or unavailable.
  • ✕ Does not offer as many premium investment services as traditional brokers.
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Explore more comparisons

Compare HDFC Securities with

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Compare Sahi with

Sahi vs Zerodha Sahi vs Angel One Sahi vs Upstox Sahi vs Groww Sahi vs ICICI Direct Sahi vs Kotak Neo Sahi vs SBI Securities Sahi vs Motilal Oswal Sahi vs Paytm Money Sahi vs Mirae Asset Sharekhan Sahi vs Axis Direct Sahi vs 5paisa Sahi vs Choice Broking Sahi vs m.Stock Sahi vs FYERS Securities Sahi vs SMC Global Sahi vs Anand Rathi Sahi vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.