Thanks for clarifying.
Could you also tell how would the income tax department know about this? Would the demat account (CDSL) will have separate info on MTF transactions?
Thanks for clarifying.
Could you also tell how would the income tax department know about this? Would the demat account (CDSL) will have separate info on MTF transactions?
ETF holdings are pretty bad. Most do not show up anything. Also, interface can improve in mobile to check expense ratios, etc. Kuvera and Groww do a good job for example.
Generally, this shouldn’t happen we would like to review it, please drop us an email at help@dhan.co so we can check and assist you accordingly.
@encore Just to let you know, ITD doesn’t want to know anything apart from the rule of FIFO. If you are trading on your holding stocks, it would be considered sold first and tax would arise solely on the basis of FIFO.
Leverages are brokerage specific products and the ITD doesn’t consider those micro details.
Thanks for replying. So, for the hypothetical question above, the profit would be 10 rupees per share?
I wonder why @Pranita replied otherwise.
I don’t know what would be the profit per share. I never answered profit per share question, I just conveyed the methodology as to how ITD calculates profit or loss.
What is the current limit on MTF positions? Important News: MTF Limit per client now increased to 50L - Feature Requests - MadeForTrade indicates 50L but I guess that has been revised now.
I couldn’t find a good thread to ask an MCX physical settlement related question. What would the settlement look like for Gold/Silver if there is no buyer/seller in case of Futures? The help article just says it will be cash settled a day before, what happens during illiquidity?
@Divyesh You can check under markets → ETFs, so many of them are blank in holdings section. Ex. Gold ETF, how much gold percent vs cash vs treps etc. is shown on other platforms. Maybe a product improvement? I check other brokers on this info and end up buying on Dhan, would be great if Dhan can cater. Example screenshot -
Hi
I want to ask you when you will resume MTF with 4x Facility.
Let me review this with our team, we will update you shortly.
Hi @Nitin082021
We request you to kindly refer this
There are some stocks in Nifty50 that has been enabled with 4x. Interestingly, some mid-caps stocks also have 4x now. Across the industry, things are normal now. AngelOne has resumed 5x, ICICIdirect is back to normal, HDFC never trimmed the margins, Kotak never trimmed the leverage, Zerodha is launching MTF this month, Fyers has launched MTF in beta.
Hope you now have a holistic view of both leverage at Dhan and also of the brokerage industry. @Nitin082021
@Divyesh Can you tell me what will be the pledge charges if I make transactions like this -
Bought 10 shares of TCS using MTF on Friday at 10 am.
Then I again bought 10 more shares of TCS using MTF at 2 pm (same day).
Both delivery trades.
How much will be the pledge charges? 12.5 rupees or 25 rupees (since 2 transactions).
And what is meant by invocation? Is it different from pledging and charged Rs. 12.5 again?
@aaridrakamanu Currently details on this is not available. For details on this, we would need to refer to every SIDs. Also IMO this would be an information overdose. ETFs are heavily regulated products, so the only information matric an investor might look for could be the tracking error other than the expense ratio. Expense ratio we already have and we are working to get tracking error.
@Divyesh - list grows, not all G-secs from BSE ISINs, Mirae G-sec ETF, etc. It’s hard to find a liquid cash collateral investment. None of the G-secs, SGBs, are liquid, only ones I can find are couple of liquid ETFs.
Hmm. Someone would want to clone or play with weightages and invest directly on those stocks. Info would be useful I believe, many other apps show this.
@Pranita I am trying to sell options on stocks I own and it asks me for margin. Do I need to establish margins for covered calls? How does this work in Dhan? In Zerodha no margin is considered as holdings are present in Demat
Hey @aaridrakamanu ,
Would it be possible for you to show the difference in margins for a sample trade that you are trying to take on Dhan & Zerodha so we can evaluate further ?
Thanks,
Pranita
Product @ Dhan