Dhan has great features, but in some cases, it charges smartly to drain small amounts.
Here is one example: Pledge and Unpledge charges are broken to do so. I am requesting Dhan If it is possible to change this, then please do.
In this example, I compared it with Zerodha.
Based on the official pricing of both brokers, here is the breakdown of the pledge and unpledge charges for your specific scenario (pledging 200 shares once, and selling them in 4 parts of 50 shares each):
1. Zerodha
Zerodha charges for the initial pledging request but does not charge any fee for unpledging. When you sell pledged shares on Zerodha, the system automatically unpledges them to fulfill the delivery without any extra unpledge cost.
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Pledge Charge (1 request): ₹30 + 18% GST = ₹35.40
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Unpledge/Auto-unpledge Charge (4 sell transactions): ₹0
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Total Pledge & Unpledge Charges: ₹35.40
2. Dhan
Dhan has a lower initial pledge charge, but their pricing model applies this fee to all margin-related requests per ISIN, which explicitly includes pledging, manual unpledging, and invocation/auto-unpledging. Because you are selling the shares in 4 separate parts, the system has to unpledge/invoke the sold quantity 4 separate times.
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Pledge Charge (1 request): ₹15 + 18% GST = ₹17.70
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Unpledge/Invocation Charge (4 sell transactions): (₹15 + 18% GST) × 4 = ₹17.70 × 4 = ₹70.80
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Total Pledge & Unpledge Charges: ₹88.50
dhanhq_partner #dhanteam