HDFC Ltd – is a leading public limited company engaged in the business of providing long term finance for for purchase or construction of residential houses in India.
HDFC have Eleven wholly owned subsidiaries and eight other subsidiaries..Well known HDFC subsidiaries include:
- HDFC holding Ltd – Carries business of investments in stocks, shares,debentures and other securities.
- HDFC Trustee Company – Trustee of HDFC Mutual Funds.
- HDFC Sales Ltd – Distributor of Home loans & other financial products.
- HDFC Life Insurance.
- HDFC-Ergo General Insurance.
- HDFC Credila – Educational Loans.
- HDFC Pension Management Company – Pension Fund Managers.
Credit Rating : “AAA” by CRISIL & ICRA since more than 18 years.
Apart from HDFC platinum Deposits and other General Deposit plans HDFC has come up with new deposits Viz. HDFC Double Money and Money Multiplier plan.
HDFC Deposits – Double_Money Plan:
Interest rates as in Dec 2013.
|
Investor |
Regular | Sr.Citizen |
|
Period |
95 Months |
93 Months |
|
Interest Rates – compounded Per Annum |
9.15% | 9.35% |
|
Maturity Value Of Rs.1Lakh |
Rs.2,00,000* |
Rs.2,00,000* |
HDFC Deposits – Money Multiplier Plan:
|
Investor |
Regular | Sr.Citizen | Regular | Sr.Citizen |
|
Period – Months |
55 | 54 | 76 |
74 |
|
Interest Rates – compounded Per Annum |
9.23% | 9.41% | 9.23% |
9.49% |
| Maturity Value* Of Rs. 1Lakh | 1,50,000 | 1,50,000 | 1,75,000 |
1,75,000 |
*Maturity s.t Tax Deducted at source.TDS will applicable if interest accrued or paid exceed limit of Rs. 5000 in financial year.Depositor can submit 15G or 15H form to avoid tax deduction at source.
HDFC Net Profits – After Tax- Last three years:
Net profit of HDFC for last three years are as follows:
| Financial Year Ended | Profit Before Tax | Profit After Tax | Equity Dividend Per share |
| March 31,2013 | 6572.84 Crores | 4848.34 Crores | 12.50 |
| March 31, 2012 | 5665.62 Crores | 4122.62 Crores | 11.00 |
| March 31, 2011 | 4866.96 Crores | 3534.96 Crores | 9.00 |
Interest rates of HDFC deposits are AAA rated since long and need to be compared with those offered by banks which are currently in the range of 9 – 9.25%.One can think for HDFC deposits if looking for some other option for diversification.
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