Hi Dhan Team,
my sincere interest in the addition of a new feature to the existing investment platform, (SIP) that can be executed based on predefined stock conditions. As an investor and a user of your platform, I believe this enhancement would greatly benefit the investment experience and provide added convenience and flexibility.
The proposed feature entails the ability to execute an SIP based on specific conditions, such as a stock’s performance reaching a predefined threshold, such as a 2% decline in value. Currently, investors manually monitor stock prices and execute trades accordingly, but this new functionality would automate the process, allowing for more efficient and timely decision-making.
I kindly request you to evaluate the feasibility of implementing the SIP feature based on predefined stock conditions as described above. I am confident that this enhancement would greatly benefit investors and contribute to the success of your platform.
Hi @Nahmja, yes we keep getting this feature requests and may be they will be beneficial for select users. However, Dhan wants to ensure that we are an execution only platform. The feature you mentioned, is more or less like an algo, and we cannot place orders on behalf of our users. Also execution of such orders cannot be guaranteed, you may also also seen platforms explicitly mention the same on Forever / GTT / Trigger orders - there are lots of factors that matter for execution.
Additionally general wisdom of market is don’t time the market. On SIPs, Dhan allows you to daily, weekly or monthly SIPs., with quick way to manage and edit the same.
Although my question is unrelated to this thread, I would like to put it here as you mentioned about SIPs. Stock SIP is a great feature and I appreciate the team for bringing it. However, it would have been even great if we have the option of auto pay through bank mandates. I have been using such feature in Zerodha to fund my core portfolio.
Last week I thought of moving another long-term portfolio to Dhan, but then realized that we don’t have the auto pay feature available and refrained my decision to transfer portfolio. My requirement is quite simply, automatically add 20K to my Dhan account on 3rd of every month through bank or UPI mandate and invest 4K into 5 different stocks of my portfolio on 5th of every month through stocks SIP by investment amount feature. In Dhan, we have the later feature available, but not the former feature.
Request you to add the auto pay through net banking and UPI mandates feature to our product updates roadmap.
