Dhan is ₹52.45 cheaper on a ₹50K delivery trade
| Trade type | Dhan | Angel One | Gap |
|---|---|---|---|
| Delivery ₹50K round-trip | ₹126.26 | ₹178.71 | ₹52.45 |
| Intraday ₹1L round-trip | ₹83.23 | ₹83.23 | — |
| Futures ₹1L round-trip | ₹70.69 | ₹70.69 | — |
| Options ₹1L round-trip | ₹276.30 | ₹276.30 | — |
Dhan saves ₹1,478.80/yr
Dhan saves ₹5,066.20/yr
Dhan saves ₹283.00/yr
| Charge | Dhan | Angel One |
|---|---|---|
| Delivery Brokerage | ₹0 | 0.1% or ₹20, lower (min ₹2) |
| Intraday Brokerage | 0.03% or ₹20, lower | 0.03% or ₹20, lower |
| F&O Futures Brokerage | 0.03% or ₹20, lower | Flat ₹20/order |
| F&O Options Brokerage | Flat ₹20/order | Flat ₹20/order |
| CDS Futures | 0.03% or ₹20, lower | Flat ₹20/order |
| CDS Options | Flat ₹20/order | Flat ₹20/order |
| Commodity Futures | 0.03% or ₹20, lower | Flat ₹20/order |
| Commodity Options | Flat ₹20/order | Flat ₹20/order |
| Charge | Dhan | Angel One |
|---|---|---|
| DP Charge | ₹12.50 + 18% GST = ₹14.75 | ₹20/scrip/day on sell |
| AMC | Free | ₹240 + 18% GST = ₹283.20/year |
| MF DP Charges | ₹12.50 + 18% GST = ₹14.75/ISIN | ₹20 plus GST |
| Dematerialisation | ₹150 + GST/certificate | ₹200 + GST/certificate |
| Rematerialisation | ₹150 + GST/certificate | ₹200 + GST/certificate |
| Failed Demat Transaction | ₹50 + GST per failed instruction | ₹50 + GST per failed instruction |
| Charge | Dhan | Angel One |
|---|---|---|
| MTF Interest Rate | 12.49% p.a. (~0.034%/day, tiered) | 14.99% p.a. (~0.041%/day) |
| MTF Brokerage | 0.03% or ₹20, lower | 0.1% or ₹20, lower (min ₹2) |
| MTF Conversion | Free | Free |
| MTF Pledging | ₹15 + GST = ₹17.70/ISIN | ₹20 + GST = ₹23.60/ISIN |
| Charge | Dhan | Angel One |
|---|---|---|
| Physical Settlement | 0.1% on contract value | ₹20/order |
| Physical Settlement (Netted) | 0.1% on netted settlement value | ₹20/order |
| Clearing Charges | Included in brokerage | Included in brokerage |
| Interest on Margin Shortfall | 0.05%/day on margin shortfall | 0.05%/day on margin shortfall |
| Pledge / Unpledge | Pledge: ₹15 + GST/ISIN (₹17.70); Unpledge: ₹15 + GST/ISIN (₹17.70) | ₹20 + GST/ISIN = ₹23.60 (pledge & unpledge) |
| Delayed Payment Interest | 0.0438%/day or 16.99% p.a. | 14.99% p.a. (~0.041%/day) |
| Off-Market Transfer | ₹12.50 + 18% GST = ₹14.75/scrip | ₹20 + GST = ₹23.60/scrip |
| Charge | Dhan | Angel One |
|---|---|---|
| Call & Trade | ₹50 + GST/order | ₹20/order |
| Auto Square-off | ₹20 + GST/order | ₹20/order |
| Payment Gateway | Free | Free |
| Instant Withdrawal | Free via UPI | Free via UPI |
| Corporate Action | Free | Free |
| API Access | Free (Dhan HQ API) | Free (SmartAPI) |
| API Brokerage | Same as regular trades | Same as regular trades |
| Charge | Dhan | Angel One |
|---|---|---|
| Account Opening | Free | Free |
| DDPI | ₹100 + 18% GST = ₹118 | ₹100 + 18% GST = ₹118 |
| Account Reactivation | ₹50 + GST = ₹59 | ₹100 + GST = ₹118 |
| NPS | Not offered | Not offered |
| Charge | Dhan | Angel One |
|---|---|---|
| DIS Slip | ₹100 + GST/booklet | ₹100 + GST/booklet |
| Physical CMR | ₹50 + GST | ₹50 + GST |
| P&L / Ledger (Digital) | Free (downloadable) | Free (downloadable) |
| P&L / Ledger (Physical) | Not available | Not available |
| Contract Note (Physical) | Not available | Not available |
| Charge | Dhan | Angel One |
|---|---|---|
| G-Sec / T-Bills | Not offered | Not offered |
| SLB | Not offered | Not offered |
| LAS | Not offered | Not offered |
| Charge | Dhan | Angel One |
|---|---|---|
| Name Change | Free 5–7 working days | Free |
| Mobile & Email Change | Free Up to 48 working hours | Free Up to 72 working hours |
| Address Change | Free | Free |
| Nominee Change | Adding: Free; Modification: ₹25 + GST (₹29.50) Up to 2 working days | ₹25 + 18% GST (₹29.50) 4–6 working days |
| DOB Change | Free | Free |
| Bank Account Change | ₹25 + GST (₹29.50) Up to 48 working hours | Free 2–3 working days |
| KYC Modification | Re-KYC: Free | Free |
| Cheque Bounce | ₹500 + 18% GST = ₹590 | ₹350 |
Dhan launched in 2021 and is backed by Mirae Asset. It competes directly with Zerodha on pricing but differentiates with a slick mobile-first app and strong options analytics. Zero AMC gives it a slight cost edge over Zerodha for buy-and-hold investors who don't make frequent trades.
Full profile →Angel One (formerly Angel Broking) was founded in 1996 as a full-service broker and transitioned to discount brokerage in 2019. It has the widest physical network among discount brokers — useful if you need in-person support. Research and advisory services are available. Brokerage is competitive but not the lowest: minimum ₹2 on delivery.
Full profile →Set your trade frequency, value, and segment to see who stays cheapest for your style.