t7support:
For girl Dhan expenses Rs.10 per order. Zerodha expenses Rs.20 per order for everybody.
Dhan has zero account opening and nil annual upkeep charge. Zerodha expenses Rs.200 for account opening and Rs.300 as account upkeep charge. GST is additional.
Dhan has zero expenses for fund switch by way of web banking. Zerodha expenses Rs.9 + GST for a similar.
Dhan expenses Rs.0 for Api and zerodha expenses Rs.4000 per 30 days for Api.
That is how costwise dhan is best.
Additionally Dhan makes use of in home OMS because the founding father of Rupeeseed OMS is now their CTO.
As for Finvasia I might say zero price + descent tech and good buyer help. After I final talked to them they’re additionally engaged on a contemporary again workplace which is one in every of their weak factors in the meanwhile.
Belief normally takes time to construct. As soon as that occurs am positive development up shall be quicker.
Discover how the main financial institution primarily based brokers have been pushed down the listing – in a span of two years.
ICICI, HDFC, Kotak have been 2, 3, 4 on dec31 2019
Right here is the listing as on thirty first Dec 2019. Jan 2020 knowledge needs to be printed quickly.
Rank by lively shoppers
Buying and selling member
December thirty first numbers1
ZERODHA BROKING LIMITED
11592842
ICICI SECURITIES LIMITED
9587053
HDFC SECURITIES LTD.
6583704
KOTAK SECURITIES LTD.
5005355
SHAREKHAN LTD.
4967976
ANGEL BROKING LIMITED
4716177
RKSV SECURITIES INDIA PRIVATE LIMITED
4461978
MOTILAL OSWAL FINANCIAL SERVICES LIMITED
3392879
5PAISA CAPITAL LIMITED
3248…
Lot of disruption occurred after 2020, esp with covid. The best blessing got here from CDSL after they allowed simple authentication – perhaps thats why upstox, groww and angel1 surpassed them.
Now the bank-based brokers are preventing arduous to carry again their misplaced prospects.
t7support:
Additionally Dhan makes use of in home OMS because the founding father of Rupeeseed OMS is now their CTO.
Zerodha can be arising with its in home OMS by early subsequent yr.
Order administration system. Nearly all brokers in India use a 3rd celebration OMS to my data. However Dhan has its personal OMS. Zerodha from what I’ve learn is constructing one for themselves.
Is a few rules change coming.what are benefits of inhouse OMS