Customer Trading Limit
Payout of Funds
Sale of Securities - EDIS
Credit for Sale
Pledge & Re-Pledge
Delayed Payment Charges
Customers can place orders for Delivery, Intraday trades across segments i.e. Cash and Derivatives (Derivatives include FnO, Currency, Commodity) on Dhan. Dhan also allows Bracket Orders (BO) and Cover Orders (CO) as Intraday products.
In Cash Segment for Delivery or CNC trades, customers are required to have in their ledger balance funds upto the 100% of the gross value of stock at the time of the transaction. Currently no margin is provided for Delivery or CNC trades on Dhan. However, client can avail MTF facility on selected stocks.
In Cash Segment for Intraday trades, Dhan customers are provided a limit which is as per the exchange defined VAR+ELM for the respective scrips and subject to a minimum of 20%. For e.g.: customer A has effective ledger balance of Rs. 50,000 and wishes to buy a scrip X, assuming that the VAR+ ELM for the scrip X is 25%, customer can buy/sell scrip X only upto worth Rs. 2,00,000 for intraday.
In terms of Delivery / Carry forward Based derivative trades, the Dhan customer is provided a margin which is as per exchange defined margin that also is equal to Span + Exposure + Delivery + Special Margin. For Futures and Options traded on NSE/BSE/MCX, the limit provided to the customer is as per margin requirements for the respective contract. For Example, customer wishes to trade in 1 lot of Nifty, assuming the margin required to create position in 1 lot of Nifty is Rs. 1,50,000. The customer needs to have an effective ledger balance of at least Rs. 1,50,000 to initiate the trade.
In terms of derivatives contracts there are specific criteria which define the contracts that can be traded via Dhan for both normal and intraday trades in order to protect the consumers from market volatility and fluctuations.
The criteria for trading the areas are summarized below in Table 1.
Table 1: Derivative contract allowed for trading:
|Sr. No.||Exchange||Segment||Instrument||CNC/ Carryforward||Intraday||BO/CO|
|1.||NSE||FNO||FUTIDX||All contracts||All contracts||Current month|
|2.||NSE||FNO||OPTIDX||All contracts||Current month||Current month|
|3.||NSE||FNO||FUTSTK||All contracts||Current month||Not Allowed|
|4.||NSE||FNO||OPTSTX||All contracts||Current month||Not Allowed|
|5.||COM||MCX||FUTCOM||Current & next month||Current & next month||Not Allowed|
|6.||COM||MCX||OPTFUT||Current month||Current month||Not Allowed|
|7.||NSE||CUR||FUTCUR||First 3 month||Current & next month||Not Allowed|
|8.||NSE||CUR||OPTCUR||First 3 month||Current month||Not Allowed|
|9.||BSE||FNO||FUTIDX||First 2 months||First 2 months||Not Allowed|
|10.||BSE||FNO||OPTIDX||First 2 months||First 2 months||Not Allowed|
|11.||BSE||FNO||FUTIDX||Not Allowed||Not Allowed||Not Allowed|
|12.||BSE||FNO||OPTIDX||Not Allowed||Not Allowed||Not Allowed|
Dhan also allows customers to place Bracket Order ( BO) and Cover Orders ( CO ) which are specific intraday products. BO is a type of order where customers can place three types of order simultaneously namely Initial Order, Stop Loss Order and Target Order. Limit provided for BO will be the Cash or Derivative limit stated above basis the product traded.
Note: In the BO, stop loss order and target price will be prefilled at 10 % for Option contract , the user can change it as per his requirement.
Covered order is a type of order where a customer needs to place stop Loss order compulsorily with initial order. Limit provided for CO will be based on the cash or derivative limit stated above basis the product traded. Note: In CO, stop loss order price will be prefilled at 2.5% , the user can change it as per requirement.
The product wise summary for trading limit that is available via Dhan is summarized below in Table 2.
List of securities with leverage and margin for trading can be found here.
Table 2: Summary of Dhan Product-wise limits:
|Sr. No.||Segment||Intraday||Bracket Order||Cover Order|
|2.||FnO Derivatives||As per exchange||As per exchange||As per exchange|
|3.||Currency||As per exchange||As per exchange||As per exchange|
|4.||Commodity (Metal/Bulluion)||As per exchange||As per exchange||As per exchange|
List of Permissible Intraday Scrips.
Note: *Table 2 above - Maximum limit that can be provided for a scrip. The list of permissible intraday scrips at Dhan, specifies the scrip-wise margins.
The broking entity for the Dhan trading platform is Moneylicious Securities Pvt. Ltd. Moneylicious Securities Private Limited. (referred to from now on as MSPL ) CIN – U74999WB2012PTC184187 Moneylicious Securities is part of Raise Financial Services.
SEBI Stock Broker Registration No: INZ000006031 | Depository Participant (CDSL) ID: IN-DP-289-2016. Exchange Membership No. : NSE: 90133 | BSE: 6593 | MCX: 56320 with Registered Office: Office No. 14D, 4th Floor, Shri Krishna Chambers, 78, Bentick Street, Kolkata – 700001, West Bengal, India. Corporate Office: A-302, The Western Edge I, Off Western Express Highway, Borivali East, Mumbai – 400066, Maharashtra, India. Landline: 022-43116666.
*All securities mentioned on this website are exemplary and not recommendatory.
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