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Dhan Brokerage Calculator

Among zero-delivery brokers, the tiebreaker is usually the depository fee on the way out — and Dhan's twelve-rupees-fifty instruction charge is currently the lightest among major platforms. Combine that with zero brokerage on delivery and zero lifetime maintenance for individuals, and the total cost of a Dhan round trip reduces almost entirely to statutory levies everyone pays anyway. Enter your turnover to see those unavoidable rupees itemised precisely.

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How to use this calculator

  1. Enter buy-side turnover from your delivery purchase order.
  2. Add sell-side turnover at exit — the ₹12.50 DP instruction applies per scrip per day there.
  3. Review both legs; with brokerage at zero, nearly every line is statutory pass-through.
  4. Check GST: eighteen percent on exchange and SEBI items only, since no brokerage exists to tax.
  5. Compare totals across brokers using identical turnovers to isolate the true differences.

The formula behind it

Delivery brokerage reads simply zero. Everything else follows the universal script: STT rounds up from 0.1% on each leg; NSE levies ₹2.97 per lakh per side in transaction charges plus one paisa per lakh for IPFT; SEBI takes ten rupees per crore; stamp duty claims 0.015% of purchases; and eighteen percent GST attaches to the exchange-plus-SEBI subtotal. The distinguishing line arrives on selling — twelve rupees fifty paise per instruction per ISIN plus GST, charged once per scrip per day irrespective of quantity sold.

Worked example

A long-term investor rebalances annually: selling ₹1,00,000 of an overweight holding and redeploying into an underweight name the same week. She has used Dhan since opening and wants confirmation that her annual housekeeping really costs what she remembers.

Inputs used in this worked example
Buy turnover₹1,00,000
Sell turnover₹1,00,000

Step by step

  1. Sell side: STT ₹100 + txn ₹2.97 + IPFT ₹0.10 + SEBI ₹0.10 + DP ₹12.50 + GST ₹0.55
  2. Sell total ≈ ₹116.22
  3. Buy side: STT ₹100 + txn ₹2.97 + IPFT ₹0.10 + SEBI ₹0.10 + stamp ₹15 + GST ₹0.55
  4. Buy total ≈ ₹118.72

Her annual rebalance costs roughly ₹235 end to end — 0.117% of turnover — with Dhan's own earnings limited to the single ₹12.50 instruction. The rest is statute, collected identically everywhere.

Frequently asked questions

What makes Dhan cheaper than Zerodha if both are zero-brokerage?

Only the depository line: ₹12.50 per instruction versus a GST-inclusive ₹15.34. On a single-scrip sale that saves about ₹2.84; across many scrips or frequent rebalances the gap widens proportionally. Everything else is statutory and identical.

Are there any hidden recurring charges?

Individuals and HUFs pay zero annual maintenance under current pricing, and account opening is free. Non-individual categories carry different terms, so corporate readers should confirm directly rather than assume this page's individual rates.

Does the zero apply to ETFs and mutual funds too?

Yes — delivery in ETFs along with IPO and direct mutual fund investments carry no brokerage, consistent with the equity delivery treatment modelled here.

When does the DP charge trigger?

On every delivery sell instruction per ISIN per day, quantity notwithstanding. Selling three stocks means three instructions; selling one stock twice in a day can mean two depending on settlement handling — batch where you can.

Why DP charges became the real differentiator

Once the majors converged on zero delivery brokerage, competition migrated to the exit toll. Depository charges range from three-and-a-half rupees at one platform to over twenty at another, and unlike brokerage they cannot be marketed away with asterisks because depositories set part of the fee. For buy-and-hold investors who sell rarely, the difference is trivia; for systematic rebalancers harvesting winners twice a year across a dozen holdings, choosing the lighter instruction fee returns the price of a nice dinner annually.

The structural insight generalises: at zero brokerage, your true cost curve equals statutory floor plus exit mechanics, so optimisation shifts entirely to behaviours — batching sales per day, consolidating scrips, timing exits inside the same instruction window. This calculator exposes that floor precisely, rupee by rupee, so such behavioural savings become visible line items rather than remaining theoretical talking points in a forum thread.

Zero-maintenance accounts and long-horizon math

Annual maintenance charges punish exactly the behaviour long-term investing requires: doing nothing. An untouched five-year position at a platform billing three hundred rupees yearly spends fifteen hundred rupees while generating zero events — often exceeding every trading cost it ever incurred. Lifetime-zero-AMC structures invert that, aligning the platform's revenue with activity rather than existence.

For dormancy-heavy portfolios, then, compare platforms on the product of (annual charge × years held) against the handful of DP instructions you will actually execute. Most buy-and-hold households discover the maintenance line dwarfs everything else on their statement — which is why this page's per-trade focus deliberately pairs with a standing reminder: check the annual line too before drawing conclusions from any single tool.

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Data sources & verification dates

stockcalculator.in Research Desk — Editorial team; verifies every figure against official sources before publishing

Reviewed by stockcalculator.in Research Desk — Schedule cross-checked against dhan.co/pricing

Last updated . Figures are re-verified against official sources on every revision — see our methodology.

Disclaimer

Brokerage schedules, statutory levies, and DP charges are set by each broker and the exchanges, and they are revised without notice. Figures shown are estimates for education and planning only. We are not SEBI-registered investment advisers and nothing on this site is investment advice. Always cross-check the broker's latest pricing page before relying on a cost estimate here.