What is the Whizz Value Plan?

A growing number of women are looking at achieving financial independence. From owning gold to investing in fixed deposits, derivatives, and shares, women have now ventured into different types of investment. Everybody needs a well-balanced investment portfolio that could combine these options to grow. HDFC Bank has just the right tool to empower women financially. Here’s a special product, “Whizz Plan — A plan created for the Women of Today!”

Let’s break down the different investment options to understand Whizz Plan's benefits better.

1. Equity Shares

Investors can buy units of equity shares to own a part of the company's ownership. You can get returns in the form of profits, stock price appreciation or dividends. You can trade in shares in intraday and interday (also called delivery-based trading). Intraday trading is when you buy and sell the shares during the same day itself, but interday trading is when you buy shares with the intention of long-term investment. You can invest in shares either directly or through mutual funds.

2. Derivatives

Derivative security derives its value from another asset, such as bonds, market indices, stocks, commodities, currencies, or interest rates. Derivatives are traded in various forms, including futures, forwards, options, and swaps. Futures and forwards are contracts to buy or sell an asset at a set price on a future date, with futures being regulated and traded on exchanges.

In contrast, forwards are unregulated and negotiated directly between parties. An 'option' provides the right, but not the obligation, to buy or sell an asset at a specified price on a certain date, and a swap involves exchanging financial instruments between two parties.

3. Fixed Deposit investments

A Fixed Deposit requires you to invest a large sum of money for a set period at a predetermined interest rate. You will be paid a lump sum plus interest at the end of the term. Banks and non-banking financial companies (NBFC) offer this service at various applicable interest rates.

4. Bonds

A bond is a loan from the bondholder to the issuer, which pays regular interest and returns the principal at maturity. You can invest in bonds directly from the issuer or through mutual funds. While fixed deposits (FDs) might offer higher interest rates, bonds often come with greater tax benefits.

Combining various investment tools is key to building a well-rounded portfolio. With HDFC Securities' Whizz Investment Plan, designed specifically for resident women, you can access a range of investment options and enjoy numerous benefits, including:

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• Zero brokerage applied on equity intraday transactions for 3 months
• Zero brokerage for 3 months or ₹5 lakh delivery volume, whichever is earlier
• Zero interest on the payment of derivatives margin (against collateral)
• Zero tension about research support required for making informed decisions
• Zero cost on same-day payout of up to ₹5 lakh
  

While enjoying the scheme's benefits, consider a few crucial details. If you use the free volume or zero brokerage offer on ETFs, a minimal brokerage fee of ₹0.01 per order or trade will apply. A discounted brokerage rate will take effect once the free volume is exhausted or the validity period ends. After the scheme expires, the standard brokerage rate will apply to all transactions.

As a woman, you can "whizz" away your financial worries by taking up the Whizz Value Plan, which will ensure financial freedom with no paperwork, no account opening charges, and zero stress, simply with a Demat Account. Visit the HDFC Bank website and take your first step towards empowering your investment goals!

Click here to open your Demat Account now!

Read more here about the Flashh Scheme for the Youth of India.

*Terms and conditions apply. This is an information communication from HDFC Bank and should not be considered as a suggestion for investment. Investments in the securities market are subject to market risks; read all the related documents carefully before investing.