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Dhan app review & charges

Dhan app review & charges
Brand: Dhan
Category: Stock brokers

Our Rating

The overall rating is based on review by our experts

9
  • Users Rating 9 / 10
  • Features 9 / 10
  • Brokerage Charges & Fees 9 / 10
  • User Interface 9 / 10
  • Customer Support 9 / 10

Dhan is one of India’s fastest-growing technology- and product-driven stockbroking platforms. It lets users invest and trade instantly. Dhan has an active client base of 3,10,070 as of November 2023. In this blog post, we will review the Dhan app and its charges in detail. You can use Dhan app referral code DETA06 to get a Free Demat account with ₹0 AMC Lifetime.

What is Dhan App?

Dhan app is a trading app for mobile devices that was made by Dhan. People who invest or trade can use this app to buy and sell stocks, currencies, commodities, ETFs, IPOs, futures, and options. Investors can get all the information they need from the app in one place.

Android and iPhone users can download the Dhan app. You can easily use the app, and it looks great too. There are also some unique features and options for customers that make trading more efficient as a whole.

Some of the features of Dhan app are:

Charts from TradingView: On the Dhan app, you can use advanced charting tools and indicators from TradingView. Your charts can also be changed to fit your needs, and you can save them for later use.

    Basket Orders for Strategy: With basket orders, you can make and carry out several orders at the same time. This makes it easier and faster for you to use your trading strategies.

    Options Chain: The Dhan app lets you see the options chain for any stock or index. You can also sort the contracts by type, volume, strike price, and expiration date. From the option chain, you can also place orders right away.

    1-Tap Reverse & Exit: You can reverse or exit your positions with just one tap on the Dhan app. This helps you to manage your risk and lock your profits quickly.

    Real-Time P&L Updates: You can track your profit and loss in real time on the Dhan app. You can also view your portfolio performance across different segments and time frames.

    Superfast Investment Experience: You can invest in stocks, ETFs and IPOs with just a few clicks on the Dhan app. You can also use smart SIPs to invest in stocks and ETFs systematically.

    Trader’s Controls: You can set various controls on the Dhan app to enhance your trading experience. For example, you can set trailing stop loss, iceberg orders, forever orders, after market orders and deep OTM/ITM contracts.

    Margin Trading Facility: You can trade with leverage on the Dhan app. You can avail margin for intraday and delivery trades across different segments.

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    Smart Portfolio: You can view your portfolio summary and holdings on the Dhan app. You can also analyze your portfolio performance with various metrics such as returns, risk, diversification and sector allocation.

    Instant Fund Withdrawals: You can withdraw your funds from your trading account instantly on the Dhan app. You can also transfer funds to your trading account from multiple banks.

    How to Use Dhan App?

    You need to sign up for a Dhan account before you can use the app. It’s easy to make an account online—just fill out a short form and upload your documents. The process of opening an account doesn’t require any paper and is easy.

    You can get the Dhan app from the Google Play Store or the Apple App Store after making an account. You’ll need your user ID and password to get into the app. For a safe login, you can also use biometric authentication.

    You can use the Dhan app’s different features and options after logging in. You can manage your portfolio, view charts, make watchlists, place orders, and more.

    You can also change the settings for your app to suit your needs. You can change things like your theme, language, security settings, notifications, and alerts.

    Dhan app charges

    When it comes to intraday trading, Dhan’s brokerage structure is very competitive. Dhan charges a flat fee of ₹20 per trade or 0.03% of the trade value, whichever is less, for trading stocks during the same business day. Dhan doesn’t charge any fees for delivery trades.

    A flat fee of ₹20 is charged by Dhan for each trade in options. Dhan charges 0.03% of the trade value for each futures trade.

    Dhan does not charge any account opening or maintenance fees. However, it charges ₹50 per call and trade order.

    Dhan charges certain government fees along with brokerage fees. These include GST, STT, SEBI turnover fee, stamp duty, and transaction charges.

    The table below shows the brokerage charges of Dhan for different segments:

    SegmentBrokerage
    Equity DeliveryZero
    Equity Intraday₹20 or 0.03% per trade
    Equity Futures0.03% per trade
    Equity Options₹20 per trade
    Currency Futures0.03% per trade
    Currency Options₹20 per trade
    Commodity Futures0.03% per trade
    Commodity Options₹20 per trade
    Dhan brokerage charges

    The table below shows the margin provided by Dhan for different segments:

    SegmentMargin
    Equity Delivery1.39x
    Equity Intraday5x
    Equity Futures1x
    Equity Options1x
    Currency Futures1x
    Currency Options1x
    Commodity Futures1x
    Commodity Options1x
    Dhan Margin leverage

    Pros and cons of the Dhan app

    The Dhan app has a lot of pros and cons. Here are some of the good and bad things about the Dhan app:

    Pros:

    Supported by multiple platforms like mobile app, web and trading view charting platform.

    No hassle of spam calls, messages and emails.

    24/7 customer care prioritising all customer grievances.

    50% discount on brokerage for women’s participation.

    Cons:

    A comparatively high charge of ₹50 on every call and trade placed.

    Not adept for new or beginner traders and investors.

    No relationship managers for portfolio management services.

    No free research reports, stock tips and weekly recommendations.

    No option to invest in insurance bonds and debt.

    In conclusion

    Traders and investors who want a quick, effective, and easy-to-use mobile trading platform should check out the Dhan app. The Dhan app has a lot of features and options that make trading easier for customers.

    But the Dhan app also has some problems that need to be fixed. One thing that might be bad for new or inexperienced traders is that the Dhan app doesn’t offer any research or advice services.

    In general, the Dhan app is a good mobile trading platform that can meet the needs of different types of investors and traders.

    Dhan app referral code

    Dhan app referral code: DETA06

    Dhan app referral code is ‘DETA06’. By using the code, a user will get a free demat account with ₹0 AMC charges.

    Charges & Features

    Company Overview

    Company name Dhan
    Headquarters Mumbai
    Founder Mr Pravin Jadhav
    Establishment Year 2021

    Account opening & AMC

    Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. ₹0
    Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. ₹0

    Pledge Charges

    Pledge Creation Charges ₹ 12.5 / transaction / ISIN + GST
    Pledge Invocation Charges ₹ 12.5 / transaction / ISIN + GST
    Interest on Margin Trading 0.0438% per day on outstanding MTF and non MTF debit and non maintenance of 50:50 margin
    Margin Re-Pledge ₹ 12.5 / transaction / ISIN + GST

    Brokerage charges & Fees

    Brokerage Plan Standard
    Equity Delivery Charges ₹0
    Equity Intraday Charges ₹20 or 0.03% per executed order whichever is lower
    Equity Futures charges ₹20 or 0.03% per executed order whichever is lower
    Equity Options charges ₹20 per executed order
    Currency Futures charges ₹20 or 0.03% per executed order whichever is lower
    Currency Options charges ₹20 per executed order
    Commodity Futures charges ₹20 or 0.03% per executed order whichever is lower
    Commodity Options charges ₹20 per executed order

    Customer services offered

    Demat Services ✅Yes
    Trading Services ✅Yes
    Intraday Services ✅Yes
    F&O Services ✅Yes
    IPO Services ✅Yes
    Share Pledging ✅Yes
    NRI Services ✅Yes
    Referral Program ✅Yes

    Customer Support

    Call Support +91 9987761000 (9:00 am to 6:00 pm on Market Trading days)
    Email Support help@dhan.co (24x7)
    Whatsapp Support ⛔No
    Website Support ✅Yes, 8 AM to 12 AM (Monday to Friday), 8 AM to 10 PM (Saturday & Sunday)

    Leverage (Margin) Offered

    Equity Delivery Margin Leverage Upto 1.39x depending on the stock (lower leverage for volatile stocks)
    Equity Intraday Margin Leverage Upto 4x depending on the stock (lower leverage for volatile stocks)
    Equity F&O Intraday Margin Leverage No leverage available; requires full margin upfront
    Equity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront
    Currency F&O Margin Leverage No leverage available; requires full margin upfront
    Commodity F&O Intraday Margin Leverage No leverage available; requires full margin upfront
    Commodity F&O Carry Forward Margin Leverage No leverage available; requires full margin upfront

    Unique Offerings

    Free Account Opening ✅Yes
    Free Brokerage ✅Yes, On Equity Delivery, ETFs, IPO & Mutual Funds only
    Free AMC ✅Yes
    Free Equity Delivery ✅Yes
    Free F&O Trading ⛔No
    Free Intraday Trading ⛔No
    Free Trading calls ⛔No
    Happy Trading Hours ⛔No
    Flexible Brokerage Plans ✅Yes
    Referral Offers ✅Yes
    Margin Funding (MTF)/ Pledging ✅Yes
    Brokerage Cashback ⛔No
    Zero Brokerage for Loss Making Trades ⛔No
    Relationship Manager ⛔No

    Services Provided

    Equity Delivery ✅Yes
    Equity Intraday ✅Yes
    Equity Futures ✅Yes
    Equity Options ✅Yes
    Currency Futures ✅Yes
    Currency Options ✅Yes
    Commodity Futures ✅Yes
    Commodity Options ✅Yes
    Foreign Stocks ⛔No
    Mutual Funds ✅Yes
    Banking ⛔No
    Insurance ⛔No
    Corporate Bonds ⛔No
    Govt. Bonds ⛔No
    Digital Gold ⛔No

    Order Types

    Market Order ✅Yes
    Limit Order ✅Yes
    Bracket Order ✅Yes
    Cover Order ✅Yes
    After Market Order (AMO) ✅Yes
    Good Till Cancelled (GTC) ✅Yes
    Buy Today Sell Tomorrow (BTST) ✅Yes
    Sell Today Buy Tomorrow (STBT) ⛔No

    Research & Reports

    Annual Reports ✅Yes
    Company Reports ✅Yes
    Research Reports ⛔No
    Fundamental Reports ⛔No
    IPO Reports ✅Yes
    Technical Reports ✅Yes
    Stock tips ⛔No
    Daily Market Review ⛔No
    Monthly Review ✅Yes
    Weekly Review ⛔No
    Robo Advisory ⛔No

    STT & CTT Charges

    Equity Delivery STT & CTT 0.1% on buy & sell
    Equity Intraday STT & CTT 0.025% on sell transactions
    Equity Futures STT & CTT 0.0125% on sell side
    Equity Options STT & CTT 0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value)
    Currency Futures STT & CTT No STT
    Currency Options STT & CTT No STT
    Commodity Futures STT & CTT 0.01% on sell side
    Commodity Options STT & CTT 0.05% on sell side

    Trading Features

    Watchlist ✅Yes
    Real Time Updates ✅Yes
    Portfolio Details ✅Yes
    Price Alert ✅Yes
    Online Mutual Fund Buy ✅Yes
    Global indices ⛔No
    Customized Recommendations ⛔No
    Advanced charting ✅Yes
    Live market ✅Yes
    Multiple Profile Management ⛔No
    Secure Platform ✅Yes

    Trading Platforms

    Android App ✅Yes
    iOS App ✅Yes
    Web Trading Platform ✅Yes
    Trading Terminal ✅Yes
    Algo Trading Platform ✅Yes
    Foreign Stocks Trading Platform ⛔No
    Basket Trading Platform ✅Yes
    Mutual Fund Investment Platform ✅Yes
    Digital Gold Investment Platform ⛔No
    Bonds Investment Platform ⛔No

    Transaction Charges

    Equity Delivery Transaction Charges BSE: 0.00375%, NSE: 0.00325%
    Equity Intraday Transaction Charges BSE: 0.00375%, NSE: 0.00325%
    Equity Futures Transaction Charges NSE: 0.0019%, BSE: 0 (Zero)
    Equity Options Transaction Charges NSE: 0.05% (on premium), BSE: 0.005% (on premium)
    Currency Futures Transaction Charges NSE: 0.0009%, BSE: 0.0009%, Interest Rate Derivatives: 0.00015%
    Currency Options Transaction Charges NSE: 0.035%, BSE: 0.001%
    Commodity Futures Transaction Charges Group A, B : 0.0026%
    Commodity Options Transaction Charges 0.05%

    Stamp Duty charges

    Equity Delivery Stamp Duty 0.015% on turnover of buy orders
    Equity Intraday Stamp Duty 0.003% on turnover of buy orders
    Equity Futures Stamp Duty 0.0125% on sell side
    Equity Options Stamp Duty 0.0625% on sell side (on premium), 0.125% on exercised options (on intrinsic value)
    Currency Futures Stamp Duty 0.0001% on turnover of buy orders
    Currency Options Stamp Duty 0.0001% on turnover of buy orders
    Commodity Futures Stamp Duty 0.002% on turnover of buy orders
    Commodity Options Stamp Duty 0.003% on turnover of buy orders

    Other Charges

    SEBI Turnover Charges ₹10/Crore (For all segments)
    DP Charges ₹ 12.50 / instruction / ISIN + GST.
    GST charges 18% of (brokerage + transaction charges + Demat)
    Account Closure Charges Free
    Reactivation Charges Free
    Dematerialization Charges ₹150 per certificate + ₹100 courier charges
    Call and Trade charges ₹ 50 / order + GST

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