Dhan Brokerage Calculator

Calculate Dhan's brokerage, STT, GST, exchange charges, and DP charges for your trade — instantly, with no signup.

Trade typeBuy price (₹ per share)Sell price (₹ per share)QuantityExchange

No state selector: since a 2020 amendment to the Indian Stamp Act, stamp duty on securities transactions is a single nationwide rate — it no longer varies by the trader’s state. Only how the revenue is distributed between states differs, not the rate you pay.

Total charges

₹242.38

Net P&L

₹4,757.62

Breakeven price

₹1,002.42

Brokerage: ₹0.00
STT: ₹205.00
Exchange charges: ₹6.29
SEBI fees: ₹0.21
Stamp duty: ₹15.00
GST: ₹1.13
DP charges: ₹14.75
Gross P&L: ₹5,000.00

Dhan bills its DP charge per sell instruction rather than once per scrip per day. For the single round-trip trade modeled here this is the same one-time charge, but a real trader splitting a sell into multiple orders on the same day would be charged this fee multiple times on Dhan specifically — unlike most other brokers on this list.
Re-confirmed directly against dhan.co/pricing/ on 2026-07-22 (fetched successfully, unlike some other brokers researched for this project) — delivery ₹0, intraday ₹20-or-0.03%-whichever-lower, futures/options flat ₹20/order, DP ₹12.50+GST (=₹14.75) all match this page's own stated figures.
Referral program (20% of the referred user's brokerage, lifetime, no time limit) confirmed directly from Dhan's own support page and referral-terms-and-conditions page on 2026-07-22 — this is a real, currently-live program, not third-party speculation. Re-confirmed still current by the site owner on manual check the same day. `referralUrl` is still a placeholder pending the actual referral link/code to use.

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About Dhan

Founded: 2021
Broker type: discount
Parent company: Raise Securities Private Limited

Dhan is a technology-led discount broking platform founded in 2021 by Pravin Jadhav (former CEO of Paytm Money) and Alok Pandey, per business press coverage — Dhan's own site confirms the legal entity but doesn't state founders or a founding date directly. It's operated by Raise Securities Private Limited (formerly Moneylicious Securities Private Limited), part of Raise Financial Services, headquartered in Mumbai, and is a SEBI-registered broker with NSE, BSE, and MCX memberships and CDSL depository participant status.

Dhan positions itself specifically toward active traders — what it calls 'Super Traders' — rather than casual investors, with a heavier emphasis on options strategy builders, margin tools, and charting (including TradingView integration) than most discount brokers on this list.

Dhan's charge structure

This calculator models Dhan's confirmed rate card: ₹0 on equity delivery, ₹20 or 0.03% of trade value (whichever is lower) on intraday, and a flat ₹20 per order on futures and options — all fetched directly from dhan.co/pricing/ and matching independently-sourced figures used in earlier research for this project. DP charge is ₹12.50 + 18% GST (₹14.75) per instruction per ISIN. Note: Dhan bills this DP charge per sell instruction, not once per scrip per day — a trader who splits a delivery sell into multiple orders on the same day is charged this fee multiple times, unlike most other brokers compared on this site. Account opening and AMC are both ₹0 for individuals/HUFs (₹800+GST AMC applies for NRIs, corporates, partnerships, and trusts, not modeled here).

Trade type	Brokerage
Equity delivery	₹0 (zero brokerage)
Equity intraday	0.03% or ₹20.00 per order, whichever is lower
F&O futures	Flat ₹20.00 per order
F&O options	Flat ₹20.00 per order
DP charge (delivery sell only)	₹14.75 per scrip

Dhan: pros & cons

Pros

Dhan's referral program pays the referrer 20% of the brokerage generated by every trade a referred friend makes, for the friend's entire time as a Dhan customer — not capped to a promotional window like some competitors' referral schemes. Confirmed directly from Dhan's own referral-terms page.
₹0 brokerage on equity delivery, with a capped ₹20-or-0.03%-whichever-lower rate on intraday and a flat ₹20 on futures/options — competitive against other discount brokers on this list.
Strong focus on active-trader and options tools: strategy builders, margin/MTF features, and built-in TradingView charting, ahead of most discount brokers compared here.
₹0 account opening and ₹0 AMC for individual and HUF accounts, confirmed directly from Dhan's own pricing page.

Cons

DP charges apply per sell instruction rather than once per scrip per day — traders who split delivery sells into multiple orders on the same day pay this fee multiple times on Dhan, unlike most other brokers on this list.
As a platform founded in 2021, Dhan has a shorter operating track record than long-established full-service brokers like Sharekhan.
Options and futures brokerage is a flat ₹20 per order regardless of trade size — smaller trades pay proportionally more than on brokers with a percentage-based or lower flat fee.
The referral program pays out as brokerage credit into the referrer's own trading relationship with Dhan, not necessarily as direct cash — check current withdrawal/payout mechanics before relying on it as a cash-income source.

How to open a Dhan account

1Keep your PAN card, a proof of identity/address (Aadhaar, voter ID, driving licence, or passport), and a cancelled cheque or bank statement ready.
2Complete Dhan's online account-opening form and verify your identity via Aadhaar-based e-KYC.
3Upload a photograph and complete eSign (Aadhaar OTP) to digitally sign the account-opening agreement — the process is fully online.
4If you plan to trade F&O, you'll additionally need income/net-worth proof (a recent ITR acknowledgment, Form 16, 6-month bank statement, or a CA-certified net-worth certificate).
5Once verified, your trading and demat account is activated at no account-opening charge — confirmed ₹0 for individuals and HUFs on Dhan's own pricing page.

Ready to open an account with Dhan?

Refer a friend and earn 20% of their brokerage, for as long as they trade on Dhan — no time limit, confirmed directly from Dhan's own referral terms.

Open a Dhan account

Frequently asked questions

What is Dhan's brokerage on delivery trades?

Dhan charges ₹0 (zero) brokerage on equity delivery, confirmed directly from dhan.co/pricing/. Intraday is ₹20 or 0.03% of trade value (whichever is lower) per order, and futures/options are a flat ₹20 per order.

Does Dhan have a referral program?

Yes — confirmed directly from Dhan's own referral-scheme and referral-terms-and-conditions pages. The referrer earns 20% of the brokerage generated by every trade a referred friend makes, for as long as that friend keeps trading, with no stated time limit or expiry. The referred person must actually trade (not just open an account) for the referrer to start earning, and earnings are subject to a ₹100 minimum withdrawal and applicable TDS.

Is Dhan good for options and F&O trading?

Dhan is built with active options and F&O traders specifically in mind, offering strategy builders, margin/MTF tools, and TradingView-integrated charting alongside its flat ₹20-per-order options and futures brokerage — a heavier feature focus on derivatives trading than most discount brokers on this list.

What are Dhan's DP charges?

₹12.50 + 18% GST (₹14.75) per instruction per ISIN, confirmed directly from Dhan's own pricing page. Unlike most brokers on this list, Dhan bills this per sell instruction rather than once per scrip per day, so splitting a delivery sell into multiple orders on the same day incurs the charge multiple times.

Who owns Dhan?

Dhan is operated by Raise Securities Private Limited (formerly Moneylicious Securities Private Limited), part of Raise Financial Services, headquartered in Mumbai. Business press reports it was founded in 2021 by Pravin Jadhav, former CEO of Paytm Money, and Alok Pandey.

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