Dhani Stocks Charges
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What if you are able to trade unlimited without worrying about the brokerage fees? Isn’t it amazing! Dhani Stocks comes up with such plans that allow you to trade limitless. So, in order to trade with the broker, know about the Dhani Stocks charges.
Similar to other stockbrokers, Dhani Stocks too imposes different kinds of charges that include account opening fees, transaction charges, brokerage, DP charges, etc.
In this article, you will be able to avail yourself of the complete information on different fees you need to pay to the broker.
Dhani Stocks Demat Charges
Dhani Stocks is a discount broker and it has recently launched a ‘Freedom From Brokerage’ plan with a pack loaded with benefits.
Under this plan, you can get into a trade without paying any fees for opening a Dhani Stocks demat account.
Here is the complete detail of the demat charges in Dhani Stocks:
Dhani Stocks Demat Charges | |
Demat account opening charges | Nil |
Dhani Stocks AMC
Apart from the demat account opening charges, you have to pay Dhani Stocks AMC Charges or Annual Maintenance Charges.
These charges are levied by the stockbrokers to maintain your demat account and ensure its proper functioning. Dhani stocks has come up with a great plan for its users. Now you don’t have to pay any AMC and you can enjoy the services absolutely free of cost.
However, no AMC charges are levied on your trading account. Here is the complete detail:
Dhani Stocks AMC | |
Demat Account AMC Charges | Nil |
Trading Account AMC Charges | Nil |
Dhani Stocks Brokerage Charges
Now comes the brokerage charges information. So, when it comes to brokerage, the broker offers unlimited benefits to its trader.
By opening an account with the broker, you can actually trade limitless by opting for the valuable subscription plan.
According to the, ‘Freedom from Brokerage’ plan, the users don’t have to pay any brokerage to the broker, no matter which sector you trade in.
So, now no more worry about the trade volume of the flat brokerage fees of different segments.
Just activate the plan and trade in any of the trading segments at absolutely no cost.
Dhani Stocks Monthly Subscription @₹500/ | |
Equity Delivery | ₹0 |
Equity Intraday | ₹0 |
Futures | ₹0 |
Options | ₹0 |
Currency | ₹0 |
Dhani Stock DP Charges
Another transaction charge applicable on trade is DP charges. Dhani stocks impose the DP charges of ₹13.5+18% GST on the debit per scrip from the demat account.
Dhani Stocks DP Charges | |
DP Charges | ₹13.5 + 18% GST |
Here, it is important to note few important points:
- DP charges are levied only on the selling
- It is imposed on per scrip debited from demat account per day.
So, whether you sell one share of a particular scrip or 10 shares the charges remain the same i.e. ₹13.5 +18% GST.
Dhani Stocks Transaction Charges
Though discount stockbrokers charge very high transaction charges, Dhani Stocks keep their brokerage less.
This stockbroker charges high transaction charges in Futures and Options and commodities.
Below are the Dhani Stocks transaction charges mentioned:
Dhani Stocks DP Charges | |
Equity Delivery | NSE: 0.00325% | BSE 0.00300% (both buy and sell side) |
Equity Intraday | NSE: 0.00325% | BSE 0.00300% (both buy and sell side) |
Equity Futures | 0.00190% |
Equity Options | 0.050% (on premium) |
Currency Futures | 0.00090% + Investor Protection Fund (0.037%) |
Currency options | 0.0350% + Investor Protection Fund (0.037%) |
Commodity | 0.0026% |
Dhani Stocks Hidden Charges
Apart from brokerage, account opening, and transaction fees, there are certain taxes imposed by the state and central government. Traders usually forget to consider these charges.
It includes SEBI charges, STT, GST, Stamp Duty, etc.
Here is the detail of Dhani Stocks hidden charges:
Dhani Stocks Hidden Charges | |
STT Charges | Equity Delivery: 0.1% (on buy and sell side) |
Equity Intraday: 0.025% (on sell side) | |
Equity Futures: 0.01% (on sell side) | |
Equity Options: 0.05% (on sell side) | |
Commodity Futures: 0.01% (on sell side of Non-Agri commodities) | |
Commodity Options: 0.05% (on sell side) | |
Currency F&O: 0.01% | |
GST | 18% (Brokerage +Transaction + SEBI) |
SEBI Charges | 0.00005% |
Stamp Duty | Varies state to state |
Dhani Stocks Charges Calculator
In general, the brokerage charges are calculated by using a simple formula:
Brokerage= [(Total number of shares) * (Unit of shares)] * Brokerage Percentage.
But since Dhani stocks offer you the subscription plan at ₹500 per month, under this you need not pay any fees to trade in any of the segments.
Apart from this, as discussed above there are some charges like transaction cost, hidden fees, and other taxes that the trader has to pay to execute the trade.
So, although there is ₹0 brokerage, still you have to pay certain fees that you can calculate using the brokerage calculator.
Conclusion
Dhani Stocks, earlier known by the name Indiabulls Securities has re-entered the share market with better plans and charges for potential traders. So, get into the trade by paying the zero account opening fees and trade across segments at the zero brokerage.
If in case, you would like to discuss more about the charges, just fill in a few basic details in the form below and we will call you right away: