{"id":11253,"date":"2023-01-06T14:29:35","date_gmt":"2023-01-06T08:59:35","guid":{"rendered":"https:\/\/aayushbhaskar.com\/?p=11253"},"modified":"2023-01-09T19:48:57","modified_gmt":"2023-01-09T14:18:57","slug":"shoonya-vs-dhan","status":"publish","type":"post","link":"https:\/\/aayushbhaskar.com\/shoonya-vs-dhan\/","title":{"rendered":"Shoonya vs Dhan – Which One’s Better?","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

A thorough examination is necessary before settling on a broker for your investing requirements.<\/p>\n

Making sense of the vast amount of information available is challenging.<\/p>\n

We understand the importance of choosing the right broker. So, we have created a complete overview covering every aspect of trading and investing at Shoonya & Dhan.<\/p>\n

A brief overview of the companies<\/strong><\/h2>\n

Shoonya<\/a>\u00a0<\/strong><\/h3>\n

The Finvasa group was founded in 2009. It started offering trading services in August 2016. Later, the group allocated a separate domain and app to make its platform more user-friendly.<\/p>\n

Recently, the company decided to separate its trading platform. It launched “Shoonya” on 9th December 2022. The unique selling proposition of this trading platform is that it is commission free.<\/p>\n

Dhan<\/strong><\/a><\/h3>\n

Dhan was launched by Pravin Jadhav’s Raise Financial Services. It has taken over the industry with its lauded lightning-fast speed. The app was launched in 2019; it has now amassed over 1 million registered users.<\/p>\n

It has appreciable popularity among its target population. It is registered with SEBI (SEBI Stock Broker Registration No: INZ000006031). It provides trading services across all significant exchanges and segments in India.<\/p>\n

Comparing Margins: Shoonya Vs Dhan<\/strong><\/h2>\n

You’ve probably heard the adage,<\/p>\n

“Cut your coat according to your cloth.”<\/em><\/p>\n

A margin can assist you in overcoming the implications of precisely that. It refers to the security you retain with your broker to secure a loan to purchase new stocks. In the event of a default, the margin serves as collateral. Margin trading enables you to purchase shares by paying a portion of the full share value.<\/p>\n

If you are a pro-investor, you should be up-to-date with the impact of SEBI’s latest circular dated 10th May. To ensure the novices don’t have a fear of missing out, let me quickly give an overview.<\/p>\n

As per the circular, traders dealing in intraday trading, as well as futures and options (F&O), must maintain a 100% margin in their bank account.<\/p>\n

This is because the only method to evaluate brokers is to take into account their trading platforms and their savings on brokerage and other fees.<\/p>\n

Comparing Brokerage – Zerodha Vs Dhan<\/strong><\/h3>\n

Brokerage is the sum you give a broker as a commission for serving as your agent in executing your trade. Imagine it as a fraction of your gift from Santa, as bittersweet as that may seem!<\/p>\n

No one enjoys sharing their presents with others. Thus, you must carefully analyze the brokerage structures of your potential brokers.<\/p>\n

Shoonya Brokerage Structure<\/strong><\/p>\n

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Since its debut, Shoonya has had a positive record as a zero-brokerage trading platform. It has lived up to its name. In addition to its zero brokerage across all segments, it has attracted a lot of traffic in the investment community. This is because of its top-notch services.<\/p>\n

Yes, you read that correctly. Shoonya levies shoonya<\/em> brokerage, whatever the segment!<\/p>\n

If I were you, I’d already be giving it some brownie points for that.<\/p>\n

Dhan Brokerage Structure<\/strong><\/p>\n

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Dhan competes for the neck to neck with Shoonya. It also charges a zero commission for taking the delivery of your trades.<\/p>\n

However, a fee of INR 20 or 0.03% per executed order, whichever is lesser, applies to all intraday and futures contracts. Additionally, brokerage for all options trades<\/a> remains affordable at INR 20 for each executed order across all market categories, including stock, commodities, and currencies.<\/p>\n

There should be no bonus for predicting who the winner is here \u2013 Hail the zero brokerage provider – Shoonya.<\/p>\n

Shoonya VS Dhan other charges comparison<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Shoonya<\/span><\/strong><\/td>\nDhan<\/span><\/strong><\/td>\n<\/tr>\n
Account Opening Charges<\/strong><\/td>\n<\/tr>\n
\n

Shoonya charges zero as charges for account opening across segments, including demat.<\/p>\n<\/td>\n

\n

Customers can open free accounts with Dhan without paying an opening fee.<\/p>\n<\/td>\n<\/tr>\n

Annual Maintenance Charges<\/strong><\/td>\n<\/tr>\n
\n

Shoonya, as the name suggests, does not charge any annual account maintenance charge.<\/p>\n<\/td>\n

\n

No annual maintenance charges are imposed by Dhan on its customers.<\/p>\n<\/td>\n<\/tr>\n

Payment Gateway Charges<\/strong><\/td>\n<\/tr>\n
\n

Shoonya imposes a minimal charge of INR 7\/ transaction done via a payment gateway.<\/p>\n<\/td>\n

\n

Dhan levies no charge for processing payments through its UPI and Netbanking gateways.<\/p>\n<\/td>\n<\/tr>\n

Pledge Charges<\/strong><\/td>\n<\/tr>\n
\n

Shoonya levies a pledge charge of INR 20\/instruction + GST.<\/p>\n<\/td>\n

\n

Pledge charges at Dhan are INR 12.5\/instruction + GST.<\/p>\n<\/td>\n<\/tr>\n

DP Charges<\/strong><\/td>\n<\/tr>\n
\n

Shoonya debits your trading account with a DP charge of INR 9 per script when stocks are sold.<\/p>\n<\/td>\n

\n

A DP charge of INR 12.5\/script is levied to your account for every delivery sell order.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

It is important to note that besides the above-listed charges, there are a few other charges levied on your trade by every broker:\u00a0<\/strong><\/p>\n