Dhan Charges 2026: Brokerage, AMC, DP & F&O (Review)

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By Ajay Bohra · About the author

Last updated: October 2026

This page lists the Dhan charges Indian investors pay: brokerage by segment, taxes and exchange fees, account and demat charges, and three worked examples that add up the total cost of a trade. Rates were checked against Dhan’s published charges in October 2026. Charges change, so confirm on Dhan before you trade. This is information, not investment advice.

Dhan brokerage charges by segment

“Lower of ₹20 or 0.03%” means 0.03% of the order value when that is below ₹20 (orders under about ₹66,700) and ₹20 for anything larger. Dhan also publishes ₹0 platform charges.

Taxes and exchange charges on Dhan trades

These are charged on top of brokerage by the government and the exchanges. They are the same at every broker, apart from small differences in how brokers round and bill them.

Dhan account, demat and other charges

Dhan charges: three worked examples

Each example adds up every charge on a round trip (buy and sell). The delivery and intraday examples buy and sell ₹1,00,000 of shares once each. The options example buys premium worth ₹50,000 and sells it for ₹60,000. Amounts are rounded to the nearest paisa and leave out tiny exchange investor-protection levies.

Two things stand out. With ₹0 delivery brokerage, STT is by far the largest cost on a delivery trade. On a small options trade the flat ₹20 per order is a large share of the total. Profit or loss on the trade itself is not included, and neither is income tax on gains.

How Dhan charges compare

Brokerage, AMC and DP charges are where brokers differ. Put your own order sizes into the brokerage calculator, or read Dhan vs Upstox, Dhan vs Fyers and Dhan vs Zerodha. Referral details are in the Dhan referral code guide.

Who should read this Dhan review

Investors who mostly buy and hold pay no delivery brokerage or AMC at Dhan. Active traders pay up to ₹20 per order, so compare per-order fees across brokers. This is not personalised investment advice.

Dhan charges: FAQs

Sources

Dhan’s published charges: dhan.co pricing page. STT, stamp duty, SEBI turnover fee and exchange transaction charges follow the rates set by the government, SEBI and the exchanges.

Brokerage, AMC, and statutory charges change. This page is for information and education only, not investment advice.

9.6Expert Score

Best Emerging Discount Broker

Dhan has been awarded Best Broker in APAC 2023.Where Dhan excels is in its simple, clutter-free interface. Users can have real time data on the app and desktop, track their portfolios, and trade on the go. Another additional incentive they have is educational resources, analytical tools and market analysis, which are a great addition, especially for new traders who may need protection while they step up their trading abilities. Dhan account opening process is quick and 100% digital and verification is instant-based and completely done in a few hours which allows users to get started from the convenient of their home.

Features & Services Provided

9

Brokerage Charges & Fees

9.6

Users Rating

9.8

User Interface

9.5

Customer Support

9

PROS

• No Account opening fees
• Offers 'Direct' Mutual Funds
• No AMC
• Trade Directly from TradingView Charts
• Drag & Drop Orders
• Basket Order from Charts
• Seconds Chart Timeframe
• Custom Strategy Builder
• Pre-built Option Strategies
• 4X Margin with MTF

CONS

• Limited to Indian Stock Market
• Doesn't provide investment options such as Insurance, Gold, FDs, Loans
• Relatively New Broker
• comparatively high charge of ₹50 on call and trade
• No relationship managers for portfolio management services
• No free research reports, stock tips and weekly recommendations.