I want to open account of all my family members (5) as all only will do equity delivery buy & sell and will use gtt.
But due to only missing feature being forever sell order in delivery without DDPI i m thinking to open in other broker.
But i can see that Dhan is emerging broker and actively working on feature requests so Dhan is my preference.
Also don’t ignore delivery investors or traders bcz u still earn with DP charges Rs.7 (5.5 of cdsl). I know this feature requires us to verify holdings daily which is ok and better than verifying daily and ALSO placing normal sell orders daily , try to implement as other broker r doing, if not verified and order triggered it will be rejected before placing it in exchange. This does not require lot of brainstorming just a simple if statement according to me.
We will verify holdings on the days when the chances of trigger price hitting r higher so mostly verifying will not be daily.
I don’t y u people r forcing DDPI for GTT sell.
Moreover old age members r never going to agree for DDPI or POA. Kindly understand this point.
Tell me the feasibility of this being implemented, will u people do it or not ? If yes, till when ? If no, is there any other solution to this problem for people who don’t want to give DDPI or POA ?
Hi @harshn Welcome to Dhan community and also thanks for your kind words.
Want to just assure you that DDPI is a fully safe and secure process to provide authorisation to your sell orders. If I am correct, PoA are not completely stopped by the regulators as it was prone to misuse. We have had multiple requests to enable simple sell and we over a time have introduced Forever Orders on Equity, enabled simple sell by being the first broker with DDPI and now it is being used by hundreds of orders everyday. And also, in our case its not about charges - we offer DDPI at cost itself. We further have enabled Forever Orders on MTF as well, and will be making more introductions to enable Sell / Target on Order placement itself to make it convenient.
I would request you to consider DDPI for its experience, and we are making Dhan more investor friendly with more things to come soon.
Doesn’t matter if you choose any other broker for equity delivery trades for gtt. Every broker will ask you to submit the ddpi application same as dhan for enabling the gtt sell without otp.
Pls @PravinJ sir kindly enable Forever sell order without DDPI as implemented by all other brokers that we have to verify holdings daily. If not verified and trigger price hit order rejected at dhan only before even going to NSE.
It is similar to Forever buy, if trigger price hit and not sufficient funds order rejected before even going to NSE.
I opened 1 account of family member today itself and have to open 7-8 more accounts but all have exact same requirement of Forever sell without compulsion of DDPI.
I m not asking without OTP or without verifying, I m asking for Forever sell without compulsion of DDPI just like implemented in ZERODHA, UPSTOX, ANGEL , GROWW , even Fyers
It’s simple just don’t enable DDPI and try to place a GTT sell order it will get placed without any hassles. I have been doing this in Groww, Upstox since years.
On the other hand in dhan, Foreever Sell order can’t be even placed if DDPI is not activated which is very bad
@PravinJ sir
When stocks portfolio value is in lakhs and crores then it is not good idea to provide DDPI which is similar to POA but digital. Whatever be the reason some people r not comfortable in providing DDPI and no other broker is forcing DDPI for GTT sell order, then y dhan is forcing.
@Lumiaman88 I think ur stocks portfolio would be in thousands, that is y u can’t understand what i m trying to say.
@harshn Well it’s crore+, but well, whatever floats your boat, if you are not comfortable with it, totally up to you. I just find DDPI to be the best thing to have happened and feel that your fears can be easily allayed.
