Dhan App Brokerage Charges | Dhan App Delivery, Intraday, Future & Options And DP Charge,

Demat Manish

6 Jan 202404:23

Summary

TLDRThis video script provides an in-depth look at the charges associated with the 'Dhan' app, which has a rating of 3.6 stars and over 10 lakh downloads. It covers various aspects such as no account opening charges, free maintenance charges, zero brokerage for delivery trades, and intraday charges at a rate of ₹ plus 0.03 per trade. The script also discusses charges for futures and options trading, and a special offer for female account holders, providing a 50% discount on brokerage charges. The video promises to reveal all charges in detail, encouraging viewers to watch to the end for a comprehensive understanding.

Takeaways

📊 The 'Dhan' app has a user rating of 3.6 stars and has been downloaded over 10 lakh times, indicating its popularity among users.
💡 There is no charge for opening an account on the 'Dhan' app; it can be done for free.
🔄 Maintenance charges are also free on the 'Dhan' app, meaning no recurring costs for holding or using the service over time.
📉 The 'Dhan' app does not charge any brokerage fees for delivery trades, making it an attractive option for long-term investments.
💰 For intraday trading, the 'Dhan' app charges a fee based on a combination of a fixed amount and a per-transaction charge of 0.03 paisa.
📈 The charges for trading in futures and options are separate, with futures being charged on a similar basis to intraday trades, and options incurring a flat fee of ₹10 per order.
📌 The 'Dhan' app charges a per-lot fee for futures and options trades, which is calculated based on the number of lots traded.
💳 The 'Dhan' app has a special offer for female investors, providing a 50% discount on brokerage fees when opening an account under a female's name.
📋 The 'Dhan' app's depositary charges (DP charges) are calculated at 12.5% plus 18% GST per ISIN, which is a standard practice in the industry.
🚀 The 'Dhan' app offers a discount for female investors, which is a unique and beneficial offer for those looking to reduce trading costs.
📝 The script suggests that there are many more charges not covered in the video, indicating the complexity of trading costs and the importance of understanding all fees involved.

Q & A

What is the topic of the video?
-The video discusses the charges and features of the 'Dhan' app related to trading and investing.
What is the star rating of the 'Dhan' app according to the video?
-The 'Dhan' app has a star rating of 3.6.
How many downloads does the 'Dhan' app have as mentioned in the video?
-The 'Dhan' app has more than 10 lakh downloads.
Is there any charge for opening an account on the 'Dhan' app?
-No, there is no charge for opening an account on the 'Dhan' app; it is free.
What about maintenance charges on the 'Dhan' app, are there any?
-There are no maintenance charges on the 'Dhan' app.
How does the 'Dhan' app charge for delivery trading?
-The 'Dhan' app does not charge any brokerage for delivery trading; it is free.
What are the charges for intraday trading on the 'Dhan' app?
-For intraday trading, the 'Dhan' app charges a fee based on ₹ and 0.03 per trade.
What are the charges for trading in futures and options on the 'Dhan' app?
-For futures trading, the charges are ₹ and 0.03 per trade, and for options trading, a flat charge of ₹10 per order is applied.
What is the charge for DP charges or depository charges on the 'Dhan' app?
-The 'Dhan' app charges DP charges at 12.5% plus GST per ISIN.
What special offer does the 'Dhan' app provide for female account holders?
-The 'Dhan' app offers a 50% discount on brokerage charges for accounts opened in the name of a female.
Are there any other charges not covered in the video that might be applicable on the 'Dhan' app?
-Yes, there are other charges that might apply, but they are not covered in the video.

Outlines

00:00

📈 Introduction to Money App's Charges and Features

This paragraph introduces the Money App, highlighting its 3.6-star rating and over 10 million downloads, indicating its popularity. The speaker promises to explain the charges associated with trading and investing through the app in this video. The audience is encouraged to watch the entire video for a detailed understanding of the charges, including account opening, maintenance, and brokerage charges.

Mindmap

Keywords

💡Dhan

Dhan is an Indian financial services app that offers trading and investment services. In the context of the video, it is the main subject being discussed, with the focus on its charges and features. The script mentions Dhan's ratings and downloads, indicating its popularity and user base.

💡Brokerage Charges

Brokerage charges refer to the fees charged by a broker for executing trades on behalf of an investor. The video script discusses various types of brokerage charges applicable in Dhan, such as intraday and delivery charges, which are crucial for users to understand the costs associated with trading through the app.

💡Intraday

Intraday trading is a type of trading where positions are opened and closed within the same trading day. The script mentions that Dhan charges a specific amount and a per paisa rate for intraday trades, which is an important aspect for traders to consider when using the app for short-term trading.

💡Delivery

Delivery trading refers to buying or selling of securities for settlement on the next trading day. The script clarifies that Dhan does not charge any brokerage for delivery trades, which can be an attractive feature for investors looking to hold positions for a longer period without incurring trading costs.

💡Futures and Options

Futures and options are financial derivatives that allow investors to speculate on the future price of an underlying asset. The video script explains the different charges for trading in futures and options within Dhan, which is essential information for users interested in these types of advanced trading strategies.

💡Account Opening

The process of creating an account with a financial service provider is referred to as account opening. The script states that there is no charge for opening an account with Dhan, which is a positive aspect for potential users looking to start investing without upfront costs.

💡Maintenance Charges

Maintenance charges are fees that investors may have to pay for holding positions in their accounts over a certain period. However, the script specifies that Dhan does not impose any maintenance charges, which can be beneficial for long-term investors.

💡GST

Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The script mentions that Dhan charges GST on its services, which is a standard practice in the financial industry and an additional cost factor for users.

💡ISIN

ISIN stands for International Securities Identification Number, a unique identifier for securities. The script refers to ISIN in the context of depositary charges, which are fees associated with the trading of securities. Understanding ISIN is important for investors as it helps in identifying the securities they are trading.

💡Depositary Charges

Depositary charges are fees associated with the custody of securities in a trading account. The script explains that Dhan charges a percentage of the trade value plus GST as depositary charges, which is a cost consideration for investors when trading securities.

💡Special Offer

A special offer refers to a promotional deal or discount provided by a service provider. The script mentions a special discount for female account holders in Dhan, which is a marketing strategy to attract more users and provide them with a cost advantage.

💡Female Account

A female account is a trading account opened under the name of a female investor. The video script highlights a discount offer for female accounts in Dhan, which is a unique selling point for the app, encouraging more women to participate in the stock market.

Highlights

Dhan Dhan app has a user rating of 3.6 stars and over 10 lakh downloads.

No brokerage charges for opening an account on the Dhan Dhan app; it's free.

There are no maintenance charges for holding or using the app over a long period.

Delivery transactions on the Dhan Dhan app are free of brokerage charges.

Intraday trading charges on the Dhan Dhan app are ₹20 plus 0.03 per trade.

Futures and options trading charges are separate and vary.

Futures trading charges are ₹20 plus 0.03 per trade on the Dhan Dhan app.

Options trading charges are a flat ₹10 per order on the Dhan Dhan app.

A charge of ₹4 per lot is applied for buy and sell orders in options trading.

Depository charges on the Dhan Dhan app are 12.5% plus 18% GST.

Depository charges are applied per sell transaction, not per day.

Special offer for female account holders: a 50% discount on brokerage charges.

The discount applies to all female accounts, regardless of the number of accounts held.

The video promises a detailed chart in the end, which might be extensive.

The video encourages viewers to watch until the end for complete understanding.

The video mentions that there are many more charges not covered in the video.

The video suggests subscribing to the channel and liking the video for more content.