HDFC Group Stocks

The HDFC (Housing Development Finance Corporation) Group was founded by Hasmukhbhai Parekh in 1977. The HDFC Group stands as a symbol of trust and reliability in the Indian financial world. HDFC was founded in the housing finance industry in response to the demand for additional home loan options in India. The group established its inaugural office in Mumbai in 1978. During the same year, it approved its maiden housing loan, leading the way for many more in the years to come. In 1982, the group rolled out its fixed deposits for everyday Indian investors, providing them with a fresh savings option.

In 1995, the group commenced its journey as a Scheduled Commercial Bank, highlighting its commitment to delivering unparalleled banking solutions to its customers. In 2008, HDFC acquired the Centurion Bank of Punjab in order to further expand its business. In 2010, the group’s subsidiary HDFC Life rolled out HDFC Pension to oversee pension fund operations under India’s National Pension System. In 2023, the merger of HDFC Bank and HDFC Limited resulted in a major restructuring. Because of this, the bank was able to restructure its organisational structure and move up the global banking hierarchy in terms of market capitalisation.

The HDFC Group has a major presence in diversified financial services, including:

• Banking: The group has evolved into a banking giant and operates all its businesses through HDFC Bank.

• Insurance (Life and General): HDFC Ergo Life and HDFC Life Insurance Company Limited has helped the group and strengthened its presence within the sector. 

• Asset Management: HDFC Asset Management Company Limited has been at the forefront of the group in developing the presence within the asset management business

• Real Estate Venture Capital: Through HDFC Capital Advisors Ltd, the group acts as a Real Estate Private Equity Investment Manager that aims to sustainably address the issue of affordable housing.

 

• Hasmukh Thakordas Parekh, Founder

Mr Hasmukh Thakordas Parekh was born on March 10, 1911, into a banking family in Surat. He was an iconic figure in the Indian housing and finance industries and was fondly called “Hasmukhbhai.” He grew up in the Gandhian era, and this had a deep impact on his values and philosophy. He was an economics graduate from Mumbai and also pursued a B.Sc. degree in Banking & Finance from the London School of Economics.

• Mr Deepak Parekh, Chairman – HDFC Ltd.

Mr Deepak Parekh is the Chairman of HDFC Ltd. Under his leadership, HDFC Ltd., India’s leading housing financing organisation, has made homeownership a reality for millions of people around the nation. HDFC is now the market leader in mortgages thanks to Mr Parekh’s clever business sense and vision, which has also elevated the company to prominence in other financial services areas such as banking, asset management, life and general insurance, real estate venture funds, education loans, and education. The majority of HDFC Group Companies are led by Mr Parekh as its Chairman.

To invest in HDFC Group stocks via Angel One, follow these steps:

• Log in to your Angel One account.
• Click on the search icon and look for your desired HDFC Group stock.
• Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type. 
• To complete your transaction, click on the ‘Buy’ button.

You can track the status of the purchase from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio.’