>GünniX at 07:14, 14 October 2021

2021-10-14T07:14:26Z

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{{Use dmy dates|date=July 2018}}
{{Use Indian English|date=July 2018}}
{{Infobox company
| name = HDFC securities
| type = [[Private company|Private]]
| caption =
| foundation = 2000
| location_city = [[Mumbai]], [[Maharashtra]]
| location_country = [[India]]
| area_served = Worldwide
| key_people = Bharat Shah, Chairman Dhiraj Relli Managing Director & CEO
| industry = [[Financial services]] [[Stockbrokerage]] [[Mutual fund]]s [[Capital market]]s
| subsid =
| parent = [[HDFC Bank]]
| homepage = [http://www.hdfcsec.com/ www.hdfcsec.com]
}}

'''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.<ref>{{cite web|title=Company Overview of HDFC Securities Limited|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=32946678|website=businessweek.com|access-date=22 January 2015}}</ref>

==History==
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 web|url=https://www.fundoodata.com/learning-center/top-10-stock-broker-india/|title=Top 10 Stock Broking Companies in India|date=2019-05-20|website=Learning Center - fundoodata.com|language=en-US|access-date=2019-09-20}}</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>

==Management==

*Bharat Shah - Chairman, HDFC securities Limited <ref>{{cite web|title=Bharat Shah: Executive Profile & Biography|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=7423873&ticker=101677|website=businessweek.com|publisher=Bloomberg Business Week|access-date=22 January 2015}}</ref>
*Dhiraj Relli - Managing Director & CEO, HDFC securities Limited<ref>{{cite news|title=HDFC Securities appoints Dhiraj Relli as MD and CEO|url=http://www.financialexpress.com/article/industry/banking-finance/hdfc-securities-appoints-dhiraj-relli-as-md-and-ceo/84779/|access-date=16 June 2015|publisher=The Financial Express|date=15 June 2015}}</ref>
*CV Ganesh - Chief Operating Officer & Chief Financial Officer<ref>{{cite web|title=C.V. Ganesh Executive Profile & Biography|url=http://investing.businessweek.com/research/stocks/private/person.asp?personId=106847757&privcapId=32946678&previousCapId=32946678&previousTitle=HDFC%20Securities%20Limited|website=investing.businessweek.com/|publisher=Bloomberg Business Week|access-date=22 January 2015}}</ref>

==Business==
HDFC Securities Ltd is a [[stock broker|stock broking]] and distribution arm of the [[Housing Development Finance Corporation|HDFC Group]]. It is a corporate member of both the [[Bombay Stock Exchange|Bombay Stock Exchange (BSE)]] and the [[National Stock Exchange of India|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 [[United States|US]] stocks.<ref name="HDFCS Ref1" />

==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 fund]]s
* Value Added Services - Provides investing and trading ideas, along with financial tools and calculators, tax solutions, will planning and robot advisors.
* MCX - Investment in bullion, metals, energy and agricultural commodities<ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/stocks/news/hdfc-securities-launches-commodity-derivatives-trading-on-mcx/articleshow/67622788.cms|title=HDFC Securities launches commodity derivatives trading on MCX|work=The Economic Times}}</ref>
* smallcases - Investment in a curated basket of stocks based on a theme or market trend.<ref>{{Cite news|url=https://economictimes.indiatimes.com/wealth/invest/what-is-smallcase-should-you-invest-in-stocks-via-these/articleshow/68532189.cms|title=What is Smallcase? Should you invest in stocks via these?|last=Dhanorkar|first=Sanket|date=2019-03-25|work=The Economic Times|access-date=2019-05-06}}</ref><ref>{{Cite web|url=https://www.hdfcsec.com/smallcase|title=HDFC securities smallcases|website=HDFC securities website}}</ref>

In 2021, it introduced a customer tool for chart analysis based on the patterns of various stock movements.<ref name="HDFCS Ref2">{{cite news |title=HDFC securities brings superior charting experience to its customers |url=https://www.expresscomputer.in/industries/bfsi/hdfc-securities-brings-superior-charting-experience-to-its-customers/75444/ |access-date=15 May 2021 |publisher=Express Computer |date=29 April 2021}}</ref> The tool is integrated with the HDFC securities mobile app.<ref name="HDFCS Ref2" />

==Milestones==
'''April 2000:''' Inception of HDFC securities. It was a joint venture among HDFC Bank Limited, HDFC Limited and Indocean eSecurities Holdings Limited.<ref>{{cite web|url=http://www.icra.in/Files/Reports/Rationale/HDFC%20Securities_r_08102013.pdf|website=icra.in|title=HDFC Securities Limited|publisher=ICRA|access-date=22 January 2015}}</ref>
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 [[Systematic Investment Plan|SIP]] in equities by launching Do-It-Yourself (DIYSIP) in equities and ETFs<ref>{{cite news|title=Now you can buy stocks through SIPs|url=http://articles.economictimes.indiatimes.com/2011-01-24/news/28425535_1_sips-brokerages-market-price|access-date=22 January 2015|publisher=The Economic Times|date=24 January 2011}}</ref>

'''December 2009:''' Launched BLINK: a trading engine that lets traders place stock orders at lightning fast speed,

'''November 2010:''' Launched state of the art website with several advanced features such as unified search option, single sign on, search engine friendly architecture, portfolio tracker and a robust research radar

'''February 2011:''' One of the first brokerage houses to launch mobile trading app for equity trading<ref name="The Economic Times">{{cite news|title=HDFC Securities has announced mobile phone apps for trading|url=http://articles.economictimes.indiatimes.com/2012-01-05/news/30593082_1_apps-hdfc-securities-android|access-date=22 January 2015|work=The Economic Times|date=5 January 2012}}</ref>

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

'''December 2011:''' Launched an exclusive mobile trading app for Android phones and Blackberry<ref>{{cite news|title=HDFC Securities launches Mobile Trading Apps|url=http://www.indiainfoline.com/article/news/hdfc-securities-launches-mobile-trading-apps-5325479621_1.html|access-date=22 January 2015|work=India Infoline|date=4 January 2012}}</ref>

'''March 2012:''' Launched an exclusive mobile trading app for iPhone<ref name="The Economic Times"/>

'''June 2012:''' Started offering National Pension System<ref>{{cite news|title=HDFC Securities appointed official distributor for National Pension System by PFRDA|url=http://articles.economictimes.indiatimes.com/2012-10-02/news/34218176_1_hdfc-securities-pfrda-aseem-dhru|access-date=22 January 2015|work=The Economic Times|date=2 October 2012}}</ref>

'''August 2012:''' Launched Deep ORS, a sophisticated portfolio tracker that allows investors to trade from their portfolio itself.

'''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>

'''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<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>

'''September 2014:''' Launched next generation trading app for Android Phone which facilitates a holistic investment experience

'''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>

==Awards or recognitions==

'''2017:'''Winner in "Retail Broking" category by Outlook Money<ref>{{Cite web|url=https://www.outlookindia.com/outlookmoney/personal-finance-news/16th-edition-of-outlook-money-awards-2644 | title=16th edition of Outlook Money Awards | date=13 March 2018 | publisher=OutlookMoney.com | access-date=24 July 2018}}</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>

'''2015:''' Runner up in the "Best e-brokerage House" category by Outlook Money

'''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:''' "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>

'''2013:''' Runner up in the "Best e-brokerage House" category by Outlook Money<ref>{{cite web|title=HDFC Securities is recognized for its trading platform that runs on Securities Trading and Securities Processing Solutions from TCS BaNCS|url=http://www.tcs.com/offerings/bancs/resources/Pages/HDFC-Securities-trading-platform-Securities-Trading-Securities-Processing-TCS-BaNCS.aspx|website=tcs.com/|access-date=22 January 2015}}</ref>

'''2012:''' Runner up in the "Best e-brokerage House" category by Outlook Money

'''2011:''' "Largest e-brokerage house" by BSE-Dun & Bradstreet<ref name="HDFC Securities">{{cite web|title=HDFC Securities|url=http://www.marketcalls.in/comparebroker/listings/hdfc-securities/|website=marketcalls.in/|access-date=22 January 2015}}</ref>

'''2010:''' Runner up in the "Best e-brokerage House" category by Outlook Money<ref name="HDFC Securities"/>

==References==
{{reflist}} demat account

==External links==
* Official Website [http://www.hdfcsec.com]

{{HDFC Group}}
{{Financial services in India}}
{{Online brokerages}}

[[Category:Financial services companies based in Mumbai]]
[[Category:HDFC Group]]
[[Category:Brokerage firms]]
[[Category:Indian companies established in 2000]]
[[Category:2000 establishments in Maharashtra]]
[[Category:Financial services companies established in 2000]]

HDFC securities - Revision history

>GünniX at 07:14, 14 October 2021