@Lelouche There is a cost of funding / cost of capital that platforms like us have.
1 Like
Hope you will get the answer I also have the same doubt.. if we don’t use or stay profit will we get charged/ intrest added? @PravinJ please help on this question .. thanks in advance!
The whole pledge section is showing wrong info. Info which is different from web and mobile. @shraddha @PravinJ
Hi @specter, As checked on multiple devices we can confirm that Pledge info is in sync on both platforms, we request you to please elaborate with a screenshot or write us at help@dhan.co to assist you better.
Hi @Mohseen_Usmani. Shared the mail with screenshots yesterday already. Please check the mail. There are errors on mobile as well afaik in this section.
Hi, so does that mean that cost is born by Dhan, and not me?
If I use pledged stocks of 10L and cash of 5L, to take a trade of 5+5 = 10L (50% cash req.), can I hold the trade for as long as I want without having to pay interest.
Agar 50000 non cash collateral fund hai and 50000 ka cash collateral fund hai and own fund zero and 60000 ka goldpetal buy kiya delivery future kya interest lagega
Hey @786_Trader ,
No interest will be charged in this case since cash collateral acts as the cash component.
Thanks,
Pranita
If I have 6 Lakhs as non cash collateral which is coming from pledged shared and 20K as cash available in account . So if I buy a silver micro which needs margin of 2 lakh and above on how much amount I will be charged daily interest ? thanks
Hi @Shailendra_Maheshwar, welcome to MadeForTrade!
As per your scenario, you need to maintain 50% of the total SPAN + Exposure margin in cash and the remaining 50% through non-cash collateral.
Since you already have sufficient non-cash collateral and only ₹20,000 in cash, interest will be charged on the remaining shortfall of ₹80,000. The daily interest will be calculated at 0.0438% per day on this amount.
Hope this clarifies your query.
Hi @Mohseen_Usmani same case if cleared off intraday ? ( Will be charged for 1 day ??)
No, as you don’t have any EOD obligation, no Interest will be charged. @pavz
1 Like
Hi,
I have a query here.
If I pledge Nifty bees and get 3 lakh as margin and I already have 7 lakh cash in my Dhan account. Can I use this 10 lakh to create cash position for short term trading?
If yes, will it attract any interest? As per my understanding, there shouldn’t be any interest since my cash margin is more than mandatory requirement of 50%.
Further, will there be any brokerage on such trades?
No brokerage on delivery order, on next day you will see a 3 lakh negative on your ledger as cash is required for settlement which you have to clear in T+5 days to avoid liquidation of portfolio holding also delayed payment charges will be debited for this period on the negative balance.
3 Likes
Cash market segment need real cash
FnO market segment can utilise available margin - free cash+ cash equivalents + non cash collateral.
1 Like
Thanks @Goal_Archiver @t7support.
Got it. So, there is not point in pledging my holdings for cash trading.
Though as per the link shared, the condition for 50% margin in cash is being met in my case, so not sure why interest will be charged or why holdings will be sold? And moreover, why such conditions apply for delivery trades and not for FnO?
Brokers allow collateral to be used for order placements like intraday cash and FnO and for option selling and future carry forward trade as it’s blocks span exposure Margin, but in cash market as you buy shares you have to give money to the counter party in cash broker facilitates this using collateral and gave 5 working days time to repay by charging DPC
1 Like