Dhan MF Pledge Updates

Markets Discussions
1

Hello @PravinJ ! I wish Dhan introduces MF PLEDGE sooner because I have allocated 100% of my portfolio to MF and it will remain the same in the near future.

I am now having to deal with the sub-standard platform that Zerodha is offering and I am valuing every trade I have had placed with Dhan and contemplating my life choices. Kindly provide an estimated timeline, if possible, as to when MF pledge is likely to be live, say Q2, Q3 or Q4, that will more than suffice.

In Zerodha, you can’t TFC, no-single click order placement, can’t rapid scroll and load charts, can’t see position and chart at a single screen, no MTF and what not. :smiling_face_with_tear:

However, the order placement at Dhan is really commendable in recent times, as the slippage is more or less aligned with the LTP. However, even in Zerodha, I have noticed when you hit the exit button at market on a hypothetical profit of Rs 6000, the booked P&L is somewhere Rs 5200, but on Dhan if you hit the market exit button on a hypothetical profit of Rs 6000, you can expect Rs 5800, such is the execution speed. Sounds weird, but that is what I have observed.

I can say this with confidence, Dhan, AngelOne, ICICIdirect, these 3 brokerages will more than suffice for all your investment and trading needs.

I probably will have to sit duck on trading until Dhan goes live with MF pledge. :sob: :smiling_face_with_tear: Would appreciate if Dhan does pick this up for development next.

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2

why not use sgb or liquid etf bro, so nice can use same margin for commodity

3

Hey @thisisbanerjee ,

Thank you for your kind words. Our teams have been working tirelessly to give you the kind of experience that you are getting on Dhan and we take our users feedback extremely seriously. Please be assured that we have already picked MF pledge and while we cannot commit to timelines before completing the evaluation and testing, we hope to be able to deliver it by the next Q2 or so.

Thanks,
Pranita
Product @ Dhan

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4

Is the pledged margin amount will charge any interest?

5

My goodness @Pranita I seriously didn’t know that the world outside Dhan and ICICIdirect is that bad. Please do introduce it soon. :smiling_face_with_tear: Please also consider the Quant MF house for pledge. They have been performing impressively.

My full portfolio needs to be in MFs right now because I am not comfortable with the valuations yet I need the equity exposure. Such a dilemma that I’m in.

Once Dhan introduces MF pledge, I’ll seriously close all the other accounts except for ICICIdirect and post the eCAS screenshot here.

Trust me, I’m saying this from my firsthand experience, the world outside Dhan is just scary.

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