There is something special about Dhan Brokerage charges for females. In this post, I will walk you through Dhan's Brokerage charges for females. Besides, I will explain some advanced features of the trading and investment platform.
What is Dhan?
Dhan is a popular SEBI-registered online broker launched in 2021 by Pravin Jadav. Dhan has been exceptionally innovative ever since its inception with many advanced features like free APIs, Webhooks, Trader's Diary, Tradingview Integration, and Dedicated Options Trading app.
Interestingly, Dhan doesn't charge you any fee for account opening, and the platform doesn't even have any AMC. As far as brokerage charges go, Dhan keeps its brokerage fees very nominal.
Dhan Brokerage Charges for Females Explained
Dhan follows a discount broking model and has low brokerage charges. The brokerage charges in Dhan are as follows:
- Zero charges on Equity Delivery, ETFs, and IPOs.
- ₹20 or 0.03% of trade value per executed order, whichever is lower on Equity Intraday and all segments Futures.
- ₹20 per executed order for all segments Options.
While this is the regular brokerage model in Dhan, it gets even better for female users. According to a recent study conducted by Dhan, only 21% of females participate in the Share Market through Dhan. Dhan has taken the initiative to bridge the gap and eliminate the disparity by offering females 50% off on brokerage charges. For example, if males pay a brokerage of ₹20 per executed order for all segments Options, it is just ₹10 per executed order for females.
The Dhan team firmly believes this initiative will encourage more females to start investing and trading through Dhan. The offer will continue until the disparity vanishes.
Why should females use Dhan over other Trading Platforms?
As already explained, females have the advantage of a 50% discount on brokerage charges with Dhan. Currently, there is no other platform with such an offer. Besides, Dhan is one of India's most advanced and reliable trading platforms, with a growing customer base.
To mention some of the advanced features, Dhan comes with advanced charting tools and a dedicated Options trading application with advanced tools. The platform also allows you to connect your Dhan account to an external Tradingview application to buy and sell from the Tradingview chart itself. Further, you can make use of Dhan's Free API for Algo trading.
Most importantly, Dhan has a clean and intuitive interface. Even a beginner should get the hang of it in just a few minutes. Dhan comes with a dedicated customer support team, and users can find assistance through live chat, email, and phone.
How to open an account with Dhan
Opening a Dhan account is ridiculously easy, and here are the steps you need to follow:
- To begin, get to Dhan's official website.
- Start the signup process and complete your mobile OTP verification.
- Next, provide the platform with all the essential details like name, email, address, and trading experience.
- After that, you will need to complete the KYC process through DigiLocker.
- The KYC will need your PAN and Aadhaar card.
- Besides, you will need to provide your photo and link your bank account.
- In the final step, you will need to get to the NSDL website and eSign your application through Aadhar card OTP verification.
How to access Dhan for investing and trading
Once you create an account with Dhan and receive your Dhan account credentials, you are good to go with investing and trading on Dhan.
To invest or trade, you can use the Dhan web application or its mobile application. Dhan has applications for Android and iOS. Besides, Dhan applications come with integrated charting tools for your technical analysis. Further, the platform has excellent technical and fundamental data for your reference.
Before trading and investing, you will need to fund your Dhan account, which is straightforward. To fund your Dhan account, you need to get to Dhan's fund section and click on Add Funds. You can add funds using your registered bank account. Withdrawing funds is equally simple, and after you make a withdrawal request, the amount will be sent to your registered bank account (the ban account that you linked with Dhan).
Conclusion
In this post, I have provided you with much clarity on Dhan Brokerage charges for females. Dhan's initiative to encourage more females to participate in the share market is commendable, and females interested in trading and investing can capitalize a lot from it. However, it's strongly recommended that you put enough time and effort in learning the basics of trading before starting to trade. Besides, Dhan is one of the best trading platforms for beginners and has a lot of room for learning.
