Discount broking is the future: HDFC Sec CEO
The New Indian Express Mysuru|December 30, 2024
Investors are now choosing only discount platforms; full-service brokerages might only cater to HNIs in future
BENN KOCHUVEEDAN @Mumbai

HDFC Securities, which entered the discount-broking space a little over a year ago, expects its low-cost broking arm HDFC Sky to turn profitable in the next fiscal.

This is on the back of the runaway success it notched up in the past 13 months in terms of customer acquisition (over 1.1 million as of December) and the rising trading volume on the platform. The company is not planning any share sale, citing strong financial performance.

This story is from the December 30, 2024 edition of The New Indian Express Mysuru.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 30, 2024 edition of The New Indian Express Mysuru.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM THE NEW INDIAN EXPRESS MYSURUView All
The New Indian Express Mysuru

To the Viktor Go the Spoils

World No 5 thrilled to return to winning ways after capturing men's singles crown on Sunday

time-read
3 mins  |
January 20, 2025
The New Indian Express Mysuru

Fire in Maha Kumbh after cylinder blast guts 40 tents

A major fire broke out on Sunday in the Mahakumbh area of Prayagraj on Sunday, police said, adding that there was no report of any casualty.

time-read
1 min  |
January 20, 2025
The New Indian Express Mysuru

Thermal cameras, canines aid BSF at Bangla border

Amid the ongoing political turmoil in Bangladesh, the Border Security Force (BSF) is not only ensuring 24x7 forward patrolling; it has also been using the latest technology like handheld thermal imaging systems and trained dogs to prevent any infiltration from the neighboring country, officials said on Sunday.

time-read
2 mins  |
January 20, 2025
The New Indian Express Mysuru

Minister Calls Youth Pillars of Change

FOREST and Environment Minister Eshwar Khandre highlighted the role of youth in driving societal transformation during the valedictory of the Veerashaiva-Lingayat Global Business Conclave-2025, organised by the International Lingayat Youth Forum (ILYF) here on Sunday.

time-read
1 min  |
January 20, 2025
The New Indian Express Mysuru

Mother-son duo held for forcing minor into marriage

Loan Dispute

time-read
1 min  |
January 20, 2025
The New Indian Express Mysuru

After mishap, Assam launches drive to seal illegal rat-hole mines

ASSAM government has launched a drive to seal all rat-hole coal mines.

time-read
1 min  |
January 20, 2025
The New Indian Express Mysuru

HCM Directs Officials To Provide All Basic Facilities To Devotees

Event to begin on Feb 10 at Triveni Sangam

time-read
1 min  |
January 20, 2025
The New Indian Express Mysuru

Garcetti at final meet with PM: 'India-US ties at peak'

Says what was unthinkable a generation ago will be indispensable soon

time-read
1 min  |
January 20, 2025
The New Indian Express Mysuru

Need ₹500 crore to fence forest, says Min Khandre

FOREST Minister Eshwar B Kandre said there is a need for ₹500 crore to put up a 350-km-long rail fence to stop wild elephants from entering villages.

time-read
1 min  |
January 20, 2025
The New Indian Express Mysuru

World No 1 An Se-Young lives up to billing at India Open

PORNPAWEE Chochuwong stood bemused in the middle of the court.

time-read
1 min  |
January 20, 2025