HDFC SECURITIES REVIEW HDFC Securities is a leading Indian stock broking company, having headquartered in Mumbai, India, it is the subsidiary of HDFC Bank, a private limited Indian bank also headquartered in Mumbai. Have completed 18 years of business, HDFC Securities is one of the largest stock broker company. In 18 years the company served a variety of retail investors and institutional investors. HDFC Securities is also one of the oldest one in Indian stock broking business, provides services mainly in stock broking and other financial products distribution. HDFC Securities is a listed company in stock exchange of Mumbai and also NSE. HDFC Securities is very renowned among the trading community of India for its virtual trading portal services.
HISTORY: HDFC Securities was formed in the year 2000. In the start, it was a joint operation ofIndocean Securities Holdings Limited, HDFC Limited,and HDFC Bank Limited. Its first branch inaugurated in Mumbai in April 2000. Now HDFC Securities Limited has as much as 250 branches and has a presence in 185 cities of India. In June 2000, it has started stock trading in the stock exchange of Mumbai and in August of 2000 in National Stock Exchange.
PRODUCTS AND SERVICES: HDFC Securities offers a variety of financial products and services such as stock broking, mutual funds, insurance, anonline platform for trading in equities. The detailed information and features of these products are mentioned below.
EQUITY TRADING: HDFC securities, by acting as a subsidiary, provides a simple and consistent internet trading platform. The Company offers a variety of items vizweb-based trading, call and trade, mobile application and that’s only the tip of the iceberg, to suit your comfort and necessity, for trading in equity.Its online trading platform is quite user-friendly.
FEATURES OF EQUITY TRADING: Some of the features they offer in equity trading are these: ·The company provided the facility of encashed order, you are in urgent need of funds, you can get the sale proceeds in advance credited to your bank. ·You can buy and retain stocks as long as you want. ·Intra-day trading. ·You can buy stocks on credit when you have not enough money, by paying some price. ·Facility of cover-order. ·E-Margin facility.
MUTUAL FUNDS: Mutual funds are another product of HDFC Securities. A Mutual Fund is a pool of cash gathered from various investors. Putting resources into Mutual Funds is simpler and less hazardous when compared with stocks. This is on the grounds that the assets are put resources into an expanded resource class and oversaw by experts.
SOME FEATURES OF MUTUAL FUND: ·Company provided online MF return calculator. ·Funds invested in various and different stocks and other instruments. ·Can buy and sell mutual funds like stocks in a stock exchange and very easily.
LOAN ON SECURITIES: Because HDFC Securities is subsidiary of HDFC Bank, so they offer loan against your securities. You can get a loan against your securities for the purpose of investing or for fulfilling any personal need.
HOME LOAN: HDFC Securities offers loan against your property. If you are planning to buy a house but you are short on funds, you can get a loan against your property from HDFC Securities.
AUTO LOAN: You are trying to buy your dream car or any used car, but lacking in funds. Doesn’t worry HDFC Securities can help you in getting a loan for buying a car.
PERSONAL LOAN: Arranging funds in a crisis, satisfying your fantasies like that of going on a vacation, startling medical costs, marriage in the family or some other individual needs.HDFC Securities can help satisfy any of your needs viably.
EDUCATION LOAN: HDFC Securities also provides the facility of getting loans for the purpose of education. You want to get a university education but you lack in money, you can get a loan from HDFC Securities for that purpose and avail your dream
DERIVATIVES: HDFC Securities offers the trading derivative in India, whether you are a temporary or permanent investor. Derivatives trading are also not much costly. There are two types of derivative products in HDFC Securities, named as Currency and Equity. The company is offering three types of derivatives. ·Equity derivatives ·Currency derivatives ·NRI derivatives.
TRADING PLATFORMS: HDFC Securities provides online trading platforms, such as Blink, Pro terminal, mobile trading application and voice-enabled investing.
FIXED DEPOSIT: Fixed deposit means investing or depositing money in HDFC Securities for a specified period at a specified interest rate.
NON-CONVERTIBLE DEBENTURES: Debentures are financial instruments, which are not for short term. Non- convertible debentures can’t be converted into equities or shares.
HDFC SECURITIES BONDS: HDFC Securities also issues bonds, which are basically debt instruments. 54EC BONDS: HDFC Securities also issues 54EC bonds; these are the best source for saving capital gain tax.
LIFE INSURANCE: Insurance is a money related cover taken by people or companies to shield themselves from unexpected liabilities. Life insuranceensures money to a person’s family in case of the disastrous downfall of the policyholder during the term.
GENERAL INSURANCE: General insurance is a money related cover for unexpected liabilities for a non-life purpose such as health. OTHER PRODUCTS: HDFC Securities offers some other minor products also such as instaSMS which costs Rs. 4 per day, or e-tax, reality or e-will etc.
PROS AND CONS OF HDFC SECURITIES:
ADVANTAGES: ·HSDC Securities offers 3 in 1 accounts for the great trading experience. ·Service named ENCASH, because of which you can get proceeds same day. ·Training and learning. ·Online market latest information. ·Tracking account. ·Great facility of NRI account. ·Offers loans for the individuals and companies ·Loans for securities are a great facility provided by the company.
DISADVANTAGES: ·You can’t trade by commodity. ·They want that you must have a saving account in their company. That’s a big limitation for clients. ·Their desktop trading software called link’ is not free and you have to pay for that.
WHY YOU SHOULD CHOOSE HDFC SECURITIES OVER OTHER COMPANIES: At Outlook Money, HDFC Securities was the winner in the category of retail broking in 2017. Also, Outlook Money announced at runners-up in best e-brokerage house category in 2016. Incorporated 3 in 1 accounts represent secure and helpful and easy trading. Cutting edge Trading and Investments Platform for better, speedier and less difficult trading knowledge.
BLINK,a terminal platform for putting in stock requests at extremely quick speed. Office to trade in Equities, derivatives, mutual funds, and Currency. Extra administrations like relationship supervisor, tips,and recommendations,technical research, preparing and training. Call and Trade free service. Provides great loan options.
CONCLUSION: HDFC Securities is outstanding with proficient brokers for its exhaustive web-based exchanging entryway contributions. On the off chance that you are searching for a broker that can give you consistently distributed stock research reports and purchase/offer proposals, quality client benefit then HDFC Securities would be the correct fit for you. Be that as it may, in the event that you are a trader searching for cheap brokerage,then you may consider moving to other brokers for trading.