Mutual fund investment via HDFC securities

[Zacobite]

Dear folks,
I hold a HDFC speciale gold savings account with HDFC bank. My RM is forcing to open demat account and invest in Mutual funds through HDFC securities to increase relationship value .
He says opening and Annual charges are free.

Currently I invest through Paytm money. Before opening an account with HDFC securities someone please clarify:

1. Can I invest in all companies MF through HDFC Securities?
2. Are there any transaction charges for Purchase / Redemption/ SIP?
3. Are direct mutual funds are available on this platform?
4. Are there any additional/ hidden charges through HDFC securities platform?
5. Any other suggestions please

Thanks in advance

yes.. you will get only growth funds and not direct funds.. so technically you will be paying more... No direct funds available on full scale brokers..

 

[Lobogris]

HDFC securities is expensive.
Look at HDFC sky. No direct MF

I tested this yesterday. I purchased 500 shares of Style Bazaar on Friday from both Groww and HDFC securities. I just started using Groww and mainly use HDFC. HDFC charged me around 457 Rs in brokerage plus the usual fees, making the total cost around 700. Groww charged me around 250. So the transaction on HDFC cost me about 450 more. I am not sure if it is worth changing for this amount. I am more interested in platform features. For example, on HDFC, after the order is executed, the stock doesn’t show up in your holdings till next day while on Groww, it shows instantly. In addition, completed orders disappear from HDFC next day but Groww shows them under ‘all orders’. On the other hand, HDFC shows the final acquisition price per share including fees but Groww only shows the total amount paid.

 

[fradela]

Dear folks,
I hold a HDFC speciale gold savings account with HDFC bank. My RM is forcing to open demat account and invest in Mutual funds through HDFC securities to increase relationship value .
He says opening and Annual charges are free.

Currently I invest through Paytm money. Before opening an account with HDFC securities someone please clarify:

1. Can I invest in all companies MF through HDFC Securities?
2. Are there any transaction charges for Purchase / Redemption/ SIP?
3. Are direct mutual funds are available on this platform?
4. Are there any additional/ hidden charges through HDFC securities platform?
5. Any other suggestions please

Thanks in advance

Don't do this. Go always with direct mutual funds and non demat form.

 

[Cherry]

Don't do this. Go always with direct mutual funds and non demat form.

I completely understood that I should avoid full brokerage companies. I started to invest in Direct MF on COIN by Zerodha. All the MF Units are held in Demat forms. Are there any additional disadvantages with regard to MF Holdings in DEMAT Form?