We are thrilled to offer you a unique opportunity to join a highly exclusive Invite-Only Super Trader Meetup for a select few members of the Dhan community in Chennai. As a chosen invitee, youâll be part of an intimate gathering designed for passionate traders to share insights and experiences.
Itâs raining heavily here in chennai, couldnât make it. Below is the statement and question which wanted to say and ask in person :
First of all congratulations to the Dhanâs Management & itâs team for implementing most of the usersâ feature requests in our app. Itâs remarkable how many of these features have been industry firsts, setting trends that competitors have later adopted.
As a long-term investor, my investment might not contribute significantly to our companyâs top or bottom line.
I hope everyone has noticed a recent trend in the industry where discount broker that initially offered zero-brokerage services have now started introducing charges such as AMC fees, and brokerage fees ranging from âš5 to âš20, some even for delivery trade, due to the recent shift in exchange volume rebate pricing restructure.
So my Questions are as follows :
AMC & Delivery Trade Charges
Will Dhan remain AMC-free and delivery trade-free forever?
How sustainable is this model in the long term?
Focus on Long-term Investors
I see dhan is focusing many features and initiatives, including this meeting, catered primarily to super traders. Are there plans to include or create exclusive features for long-term investors like introducing Bonds, Fixed Income Products ?
Gifting of Shares
Can we expect an easy and user-friendly process for industry first gifting of shares, similar to fund transfers even to outside Dhan environment ?
Minor / NRI Demat Accounts :
Are there plans for Dhan to enable minors / NRI to open demat accounts ?
Final question, When Raise Holding will start itâs Insurance and other products such as Payment and Financing ?
Hi @Vardhan094 Good to see you on community after a while, we had an interesting Traderâs Meet in Chennai and many of these were also discussed during the conversations.
Yes, Stock Broking industry has seen many changes that werenât expected and as a result many industry players had to make changes to their strategy, particularly in terms of pricing. So whatever I say now, is in current context and things may change going ahead.
For now, we have no plans to introduce Delivery Trading brokerage. At this moment we do not have an AMC as well. On Dhan, as many already know we do not compete on pricing, our thought process has been to provide much higher value to our users at industry standard prices.
We still are very small compared to our peers and large platforms, and donât think we have a pricing power. If prices are changed by large platforms upwards, only then we may change. Else all remains same as long as there are competitive dynamics in place.
Trading volumes are drying, and are expected to go down further with current regulatory changes. If that means the industry increases the prices, we may be forced to follow to stay in business.
Many investor focussed features are planned, and we are seeing the number of investors on Dhan growing much much faster. Lately we see many users transferring their stocks / portfolios to Dhan.
Gifitng of shares is something we have on our todo list. Presently we are building and executing our current roadmap, maybe post those we will publish what we intend to bring to you.
We are keen for both, Minor and NRI, are hopeful of more relaxed guidelines that help us open these account types digitally.
On other products, we are still early in our journey of Investing & Trading products. We will spend some more time building and scaling these products before we get to others.
Amidst cyclones and floods, we are truly grateful to everyone who braved the weather to attend our event. It was an absolute pleasure hosting you all and sharing this wonderful experience.
âFor those who requested a reschedule, rest assuredâweâll be back in Chennai soon with another opportunity to connect and learn.
âWe had an incredible time engaging with you and are more committed than ever to empowering you with deeper insights and actionable knowledge about the stock markets.
Exclusive Meetup hosted by the Dhan team
Network with seasoned traders and share your trading journey
Engage in insightful discussions about market trends, strategies, and trading best practices
Learn from real experiencesâdiscuss challenges and successes with fellow traders
Discover new tools and strategies to elevate your trading game