About the smallcase
Housing Development Finance Corp was founded in 1977 as the first specialized mortgage company in India.
Since then, the HDFC group has grown to become a large and well-respected financial conglomerate with a presence across housing finance, banking, insurance, asset management, student loan, etc.
- The group has brands like HDFC Bank, HDFC Asset Management, and HDFC Life Insurance under its umbrella.
- The group has 6,500 branches and 19,000 ATMs across 3,226 towns or cities across India.
- As of Dec 2022, the outstanding loan portfolio of HDFC was 3.1x the loan portfolio of the next biggest player in the housing finance market.
- HDFC Bank has the largest asset base amongst all private banks and stands 2nd in terms of total assets amongst all banks in India.
- 3 of the 4 listed entities of the group are part of the Nifty 50 index. As of March 2023, the combined market cap of the listed entities of the group exceeds ₹14.95 lakh crores.
This smallcase is suitable for investors seeking exposure to fast-growing, trusted financial companies.
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