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HDFC Securities is the stock broking arm of India’s largest private-sector lender, HDFC Bank,<ref name="HDFCS Ref1">{{cite news |title=Now, invest in stocks on Nasdaq via HDFC Securities |url=https://www.financialexpress.com/market/now-invest-in-stocks-on-nasdaq-via-hdfc-securities/1717602/ |access-date=15 May 2021 |publisher=The Financial Express |date=26 September 2019}}</ref> and began operations in April 2000. It began as a joint venture between HDFC Bank Limited, [[Housing Development Finance Corporation|HDFC Limited]] and Indocean eSecurities Holdings Limited.<ref>{{cite news |title=Rating Rationale |url=https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/HDFC_Securities_Limited_March_13_2018_RR.html |access-date=22 October 2021 |work=www.crisil.com}}</ref>
HDFC Securities is the stock broking arm of India’s largest private-sector lender, HDFC Bank,<ref name="HDFCS Ref1">{{cite news |title=Now, invest in stocks on Nasdaq via HDFC Securities |url=https://www.financialexpress.com/market/now-invest-in-stocks-on-nasdaq-via-hdfc-securities/1717602/ |access-date=15 May 2021 |publisher=The Financial Express |date=26 September 2019}}</ref> and began operations in April 2000. It began as a joint venture between HDFC Bank Limited, [[Housing Development Finance Corporation|HDFC Limited]] and Indocean eSecurities Holdings Limited.<ref>{{cite news |title=Rating Rationale |url=https://www.crisil.com/mnt/winshare/Ratings/RatingList/RatingDocs/HDFC_Securities_Limited_March_13_2018_RR.html |access-date=22 October 2021 |work=www.crisil.com}}</ref>


Along with its stock broking services, HDFC securities is a distributor of financial products. In 2006, HDFC Bank bought HDFC Ltd's stake and in 2008 acquired another 4% from Indocean eSecurities. Currently HDFC securities is a subsidiary of HDFC Bank.<ref>{{cite web|title=History|url=http://accountopening.hdfcsec.com/history|website=hdfcsec.com|publisher=HDFC securities|access-date=23 January 2015}}</ref><ref>{{cite web|title=HDFC securities Trading Platform, Demat Brokerage, Charges and Reviews|url=http://www.stockamj.com/hdfc-securities/|website=stockamj.com/|access-date=22 January 2015}}</ref>
Along with its stock broking services, HDFC securities is a distributor of financial products. In 2006, HDFC Bank bought HDFC Ltd's stake and in 2008 acquired another 4% from Indocean eSecurities. Currently HDFC securities is a subsidiary of HDFC Bank.<ref>{{cite web|title=History|url=http://accountopening.hdfcsec.com/history|website=hdfcsec.com|publisher=HDFC securities|access-date=23 January 2015}}</ref><ref>{{cite web|title=HDFC securities Trading Platform, Demat Brokerage, Charges and Reviews|url=http://www.stockamj.com/hdfc-securities/|website=stockamj.com/|date=20 June 2014|access-date=22 January 2015}}</ref>


==Management==
==Management==
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'''June 2013:''' Introduced e-filing of Income Tax Return
'''June 2013:''' Introduced e-filing of Income Tax Return


'''June 2013:''' Introduced online mutual fund service that allows customers to invest in mutual fund units through their trading account<ref>{{cite web|title=HDFC securities Trading Platform, Demat Brokerage, Charges and Reviews|url=http://www.stockamj.com/hdfc-securities/|access-date=22 January 2015}}</ref>
'''June 2013:''' Introduced online mutual fund service that allows customers to invest in mutual fund units through their trading account<ref>{{cite web|title=HDFC securities Trading Platform, Demat Brokerage, Charges and Reviews|date=20 June 2014|url=http://www.stockamj.com/hdfc-securities/|access-date=22 January 2015}}</ref>


'''July 2013:''' Took DIYSIP online whereby the investors can invest, track and manage their DIYSIP investments online.
'''July 2013:''' Took DIYSIP online whereby the investors can invest, track and manage their DIYSIP investments online.
Line 83: Line 83:
'''April 2014:''' Launched an exclusive trading app for iPad
'''April 2014:''' Launched an exclusive trading app for iPad


'''June 2014:''' Launched next generation trading app for iPhone which facilitates a holistic investment experience<ref>{{cite news|title=HDFC Securities launches mobile trading apps|url=http://www.digit.in/apps/hdfc-securities-launches-mobile-trading-apps-8387.html|access-date=22 January 2015|work=Digit|issue=05 - Jan - 2012}}</ref>
'''June 2014:''' Launched next generation trading app for iPhone which facilitates a holistic investment experience<ref>{{cite news|title=HDFC Securities launches mobile trading apps|url=http://www.digit.in/apps/hdfc-securities-launches-mobile-trading-apps-8387.html|access-date=22 January 2015|work=Digit|issue=5 - Jan - 2012}}</ref>


'''May 2018:''' Roll out virtual assistant service through voice based IoT devices on Google Home, Google Assistant and Amazon Alexa. One can Open an account, Get Investment Options and invest in stocks and mutual funds with their virtual assistant "Arya" <ref>{{cite news|title=HDFC Securities launches mobile trading apps|url=https://cio.economictimes.indiatimes.com/news/enterprise-services-and-applications/hdfc-securities-to-extend-its-services-on-google-home-google-assistant-and-amazon-alexa/64013395}}</ref>
'''May 2018:''' Roll out virtual assistant service through voice based IoT devices on Google Home, Google Assistant and Amazon Alexa. One can Open an account, Get Investment Options and invest in stocks and mutual funds with their virtual assistant "Arya" <ref>{{cite news|title=HDFC Securities launches mobile trading apps|url=https://cio.economictimes.indiatimes.com/news/enterprise-services-and-applications/hdfc-securities-to-extend-its-services-on-google-home-google-assistant-and-amazon-alexa/64013395}}</ref>
Line 97: Line 97:
'''2014:''' "Best Financial Markets Technology Implementation of the Year" award by The Asian Banker<ref>{{cite web|title=The Asian Banker Financial Markets Awards|url=http://www.asianbankerawards.com/financialmarkets/winners.php|website=asianbankerawards.com/|access-date=22 January 2015}}</ref>
'''2014:''' "Best Financial Markets Technology Implementation of the Year" award by The Asian Banker<ref>{{cite web|title=The Asian Banker Financial Markets Awards|url=http://www.asianbankerawards.com/financialmarkets/winners.php|website=asianbankerawards.com/|access-date=22 January 2015}}</ref>


'''2014:''' Zee Business – India's Best Market Analyst Award 2014 under Equity Banking<ref>{{cite news|title=Zee Business presents ‘India’s Best Market Analyst’ Awards 2014|url=http://zeenews.india.com/business/news/finance/zee-business-presents-india-s-best-market-analyst-awards-2014_114134.html|access-date=22 January 2015|work=Zee News|date=13 December 2014}}</ref>
'''2014:''' Zee Business – India's Best Market Analyst Award 2014 under Equity Banking<ref>{{cite news|title=Zee Business presents 'India's Best Market Analyst' Awards 2014|url=http://zeenews.india.com/business/news/finance/zee-business-presents-india-s-best-market-analyst-awards-2014_114134.html|access-date=22 January 2015|work=Zee News|date=13 December 2014}}</ref>


'''2016:''' Runner up in the "Best e-brokerage House" category by Outlook Money<ref>{{Cite web|url=http://www.outlookindia.com/outlookmoney/invest/the-winners-of-outlook-money-awards-2016-1095|title=The winners of Outlook Money Awards 2016|website=outlookindia.com|language=en|access-date=2017-04-19}}</ref>
'''2016:''' Runner up in the "Best e-brokerage House" category by Outlook Money<ref>{{Cite web|url=http://www.outlookindia.com/outlookmoney/invest/the-winners-of-outlook-money-awards-2016-1095|title=The winners of Outlook Money Awards 2016|website=outlookindia.com|language=en|access-date=2017-04-19}}</ref>

Revision as of 05:18, 20 December 2021

HDFC securities
Company typePrivate
IndustryFinancial services
Stockbrokerage
Mutual funds
Capital markets
Founded2000
Headquarters
Mumbai, Maharashtra
,
India
Area served
Worldwide
Key people
Bharat Shah, Chairman
Dhiraj Relli Managing Director & CEO
ParentHDFC Bank

HDFC Securities Limited is a financial services intermediary and a subsidiary of HDFC Bank, a private sector bank in India. HDFC securities was founded in the year 2000 and is headquartered in Mumbai with branches across major cities and towns in India.[1]

History

HDFC Securities is the stock broking arm of India’s largest private-sector lender, HDFC Bank,[2] and began operations in April 2000. It began as a joint venture between HDFC Bank Limited, HDFC Limited and Indocean eSecurities Holdings Limited.[3]

Along with its stock broking services, HDFC securities is a distributor of financial products. In 2006, HDFC Bank bought HDFC Ltd's stake and in 2008 acquired another 4% from Indocean eSecurities. Currently HDFC securities is a subsidiary of HDFC Bank.[4][5]

Management

  • Bharat Shah - Chairman, HDFC securities Limited [6]
  • Dhiraj Relli - Managing Director & CEO, HDFC securities Limited[7]
  • CV Ganesh - Chief Operating Officer & Chief Financial Officer[8]

Business

HDFC Securities Ltd is a stock broking and distribution arm of the HDFC Group. It is a corporate member of both the Bombay Stock Exchange (BSE) and the National Stock exchange (NSE). In 2019, it entered into a partnership with Stockal, a US-based financial platform and launched GlobalInvesting.in, which allows its customers to directly invest in Nasdaq listed US stocks.[2]

Products and services

  • Equities – Investment in stocks of listed companies
  • Mutual Funds – Investment in mutual funds including equity, hybrid, tax saving or debt schemes from asset management companies
  • SIPs – Systematic investment plan that allows automated investments
  • IPOs - Investment in initial public offerings (IPO)
  • Derivatives – Hedge or speculate on the price movement of stocks or index through its derivative products viz. Futures and Options
  • Bonds, NCDs & Corporate FDs – Investment in fixed income instruments such as bonds, NCDs and Corporate FDs
  • ETFs - Investment in exchange-traded funds
  • Value Added Services - Provides investing and trading ideas, along with financial tools and calculators, tax solutions[buzzword], will planning and robot advisors.
  • MCX - Investment in bullion, metals, energy and agricultural commodities[9]
  • smallcases - Investment in a curated basket of stocks based on a theme or market trend.[10][11]

In 2021, it introduced a customer tool for chart analysis based on the patterns of various stock movements.[12] The tool is integrated with the HDFC securities mobile app.[12]

Milestones

April 2000: Inception of HDFC securities. It was a joint venture among HDFC Bank Limited, HDFC Limited and Indocean eSecurities Holdings Limited.[13] April 2000: Inauguration of the first branch in Mumbai

May 2000: HDFC securities launched its own website

June 2000: Launched stock trading on Bombay Stock Exchange

August 2000: Launched stock trading on National Stock Exchange

November 2000: Introduction of online trading

August 2003: Rolled out online trading in Futures & Options

January 2006: Introduced online IPO/FD system that allowed investors to invest in IPOs and Corporate Fixed Deposits online

March 2008: Pioneered the concept of SIP in equities by launching Do-It-Yourself (DIYSIP) in equities and ETFs[14]

February 2011: One of the first brokerage houses to launch mobile trading app for equity trading[15]

June 2011: Rolled out Futures & Options on mobile trading platform

December 2011: Launched an exclusive mobile trading app for Android phones and Blackberry[16]

March 2012: Launched an exclusive mobile trading app for iPhone[15]

June 2012: Started offering National Pension System[17]

June 2013: Introduced e-filing of Income Tax Return

June 2013: Introduced online mutual fund service that allows customers to invest in mutual fund units through their trading account[18]

July 2013: Took DIYSIP online whereby the investors can invest, track and manage their DIYSIP investments online.

April 2014: Launched an exclusive trading app for iPad

June 2014: Launched next generation trading app for iPhone which facilitates a holistic investment experience[19]

May 2018: Roll out virtual assistant service through voice based IoT devices on Google Home, Google Assistant and Amazon Alexa. One can Open an account, Get Investment Options and invest in stocks and mutual funds with their virtual assistant "Arya" [20]

Awards or recognitions

2010: Runner up in the "Best e-brokerage House" category by Outlook Money[21]

2011: "Largest e-brokerage house" by BSE-Dun & Bradstreet[21]

2013: Runner up in the "Best e-brokerage House" category by Outlook Money[22]

2014: "Best Financial Markets Technology Implementation of the Year" award by The Asian Banker[23]

2014: Zee Business – India's Best Market Analyst Award 2014 under Equity Banking[24]

2016: Runner up in the "Best e-brokerage House" category by Outlook Money[25]

2017: Winner in "Retail Broking" category by Outlook Money[26]

References

  1. ^ "Company Overview of HDFC Securities Limited". businessweek.com. Retrieved 22 January 2015.
  2. ^ a b "Now, invest in stocks on Nasdaq via HDFC Securities". The Financial Express. 26 September 2019. Retrieved 15 May 2021.
  3. ^ "Rating Rationale". www.crisil.com. Retrieved 22 October 2021.
  4. ^ "History". hdfcsec.com. HDFC securities. Retrieved 23 January 2015.
  5. ^ "HDFC securities Trading Platform, Demat Brokerage, Charges and Reviews". stockamj.com/. 20 June 2014. Retrieved 22 January 2015.
  6. ^ "Bharat Shah: Executive Profile & Biography". businessweek.com. Bloomberg Business Week. Retrieved 22 January 2015.
  7. ^ "HDFC Securities appoints Dhiraj Relli as MD and CEO". The Financial Express. 15 June 2015. Retrieved 16 June 2015.
  8. ^ "C.V. Ganesh Executive Profile & Biography". investing.businessweek.com/. Bloomberg Business Week. Retrieved 22 January 2015.
  9. ^ "HDFC Securities launches commodity derivatives trading on MCX". The Economic Times.
  10. ^ Dhanorkar, Sanket (25 March 2019). "What is Smallcase? Should you invest in stocks via these?". The Economic Times. Retrieved 6 May 2019.
  11. ^ "HDFC securities smallcases". HDFC securities website.
  12. ^ a b "HDFC securities brings superior charting experience to its customers". Express Computer. 29 April 2021. Retrieved 15 May 2021.
  13. ^ "HDFC Securities Limited" (PDF). icra.in. ICRA. Retrieved 22 January 2015.
  14. ^ "Now you can buy stocks through SIPs". The Economic Times. 24 January 2011. Retrieved 22 January 2015.
  15. ^ a b "HDFC Securities has announced mobile phone apps for trading". The Economic Times. 5 January 2012. Retrieved 22 January 2015.
  16. ^ "HDFC Securities launches Mobile Trading Apps". India Infoline. 4 January 2012. Retrieved 22 January 2015.
  17. ^ "HDFC Securities appointed official distributor for National Pension System by PFRDA". The Economic Times. 2 October 2012. Retrieved 22 January 2015.
  18. ^ "HDFC securities Trading Platform, Demat Brokerage, Charges and Reviews". 20 June 2014. Retrieved 22 January 2015.
  19. ^ "HDFC Securities launches mobile trading apps". Digit. No. 5 - Jan - 2012. Retrieved 22 January 2015.
  20. ^ "HDFC Securities launches mobile trading apps".
  21. ^ a b "HDFC Securities". marketcalls.in/. Retrieved 22 January 2015.
  22. ^ "HDFC Securities is recognized for its trading platform that runs on Securities Trading and Securities Processing Solutions from TCS BaNCS". tcs.com/. Retrieved 22 January 2015.
  23. ^ "The Asian Banker Financial Markets Awards". asianbankerawards.com/. Retrieved 22 January 2015.
  24. ^ "Zee Business presents 'India's Best Market Analyst' Awards 2014". Zee News. 13 December 2014. Retrieved 22 January 2015.
  25. ^ "The winners of Outlook Money Awards 2016". outlookindia.com. Retrieved 19 April 2017.
  26. ^ "16th edition of Outlook Money Awards". OutlookMoney.com. 13 March 2018. Retrieved 24 July 2018.
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