Paisa Vaisa with Anupam Gupta How Brokerages Are Changing the Way India Invests | Ft. Dhiraj Relli
Apr 21, 2025
Dhiraj Relli, MD & CEO of HDFC Securities, shares his extensive experience in the Indian financial market. He discusses the evolution of India's brokerage landscape as HDFC Securities celebrates 25 years. Dhiraj highlights the impact of regulatory changes, the rise of full-service and discount brokerages, and the importance of informed investing. He offers actionable advice for new investors, emphasizing a long-term view and the benefits of mutual funds while exploring the challenges brought on by gamification and market volatility.
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HDFC Securities' 25-Year Journey
- Dhiraj Relli shared the 25-year journey and growth of HDFC Securities, from its founding to current operations.
- He described the evolution from traditional brokerage to tech-driven services and diversification into financial products.
Full-Service vs Discount Brokerage
- Full-service brokers offer relationship managers and research guidance, unlike discount brokers focused mostly on execution.
- Investors seeking help in choosing and optimizing portfolios benefit from full-service brokerage advice.
Value of Full-Service Brokerage
- Long-term investors gain more from advisory services than just cheap execution costs.
- Using three-in-one accounts helps earn interest on idle funds, unlike separate accounts in discount brokerages.
