Charges at a glance
About Dhan
Dhan is a new-generation discount broker founded in 2021, built primarily for active options and futures traders. It offers demat and trading accounts registered with SEBI and CDSL, with a strong focus on fast order execution, native TradingView charting, and the DhanHQ API suite for algorithmic trading.
The platform serves long-term investors with zero-brokerage equity delivery and direct mutual funds, and active traders with flat ₹20-per-order pricing across F&O, currency and commodity segments, margin trading facility (MTF), and a 50% brokerage discount for women traders.
Platforms
Dhan App
Flagship mobile app for trading, investing, mutual funds, IPOs and portfolio tracking with native TradingView charts.
Dhan Web
Browser-based trading terminal with advanced option chain, charts, baskets and GTT orders.
DhanHQ APIs
Free, well-documented trading APIs for building and running algorithmic trading strategies.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | ₹0 — free | Lower of ₹20 or 0.03%/order | Lower of ₹20 or 0.03%/order | Flat ₹20 per executed order |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium) |
| Transaction charges | NSE 0.00307% / BSE ~0.00375% | NSE 0.00307% / BSE ~0.00375% | NSE 0.00183% / BSE 0% | NSE 0.03553% / BSE 0.005–0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
Currency
| Charge | Currency futures | Currency options |
|---|---|---|
| Brokerage | Lower of ₹20 or 0.03%/order | Flat ₹20 per executed order |
| STT/CTT | No STT | No STT |
| Transaction charges | NSE 0.00035% / BSE 0.00045% | NSE 0.0311% / BSE 0.001% |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.0001% (buy side) | 0.003% (on premium) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | Lower of ₹20 or 0.03%/order | Flat ₹20 per executed order |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NCDEX 0.0058% | MCX 0.0418% |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (on premium) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Mutual funds
- Direct mutual fund investments carry ₹0 commission; regular plans carry the fund's standard trail commission built into the NAV.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account (resident) | free |
| Minor account | free |
| NRI account | free (offline; AMC ₹800/yr + GST applies) |
| HUF, Partnership & Corporate accounts (offline, via onboarding@dhan.co) | free (AMC ₹800/yr + GST applies) |
Demat AMC (Annual Maintenance Charge)
Dhan doesn't tier AMC by holding value — it's a flat, lifetime rate based on account type:
By account type
| Account type | AMC |
|---|---|
| Individual & HUF | free (₹0, lifetime) |
| NRI, Corporate, Partnership, LLP & Trust | ₹800/year + GST |
Individual and HUF accounts pay zero AMC for the life of the account — there's no tiering by portfolio value or trading activity.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- ₹0 brokerage on equity delivery and direct mutual funds
- Zero lifetime AMC for individual and HUF accounts
- Native TradingView charts and free DhanHQ APIs for algo trading
- Low ₹12.50 DP charge and 50% brokerage discount for women traders
What to watch for
- Newer broker (founded 2021) with a shorter track record than legacy players
- Limited in-house research and advisory compared to full-service brokers
- NRI, HUF and corporate account opening is still an offline, email-based process
Read what customers say about Dhan
Overall rating 4.0/5 based on 2 customer reviews — or share your own experience.