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.
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
In terms of Delivery / Carryforward 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
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
Note: In the BO, stop loss order and target price will be prefilled at 2.5% , 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.
Table 2: Summary of Dhan Product-wise limits
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.