Investors Compete for Stake in Discount Broker Dhan Amid Regulatory Changes
- Pravin Jadhav, founder of Dhan, shifted focus from mass investors at Paytm Money to high-frequency traders in futures & options (F&O) with his new venture.
- Dhan acquired Moneylicious for the necessary stockbroking license and offered free access to TradingView, setting it apart from competitors.
- The F&O market in India saw a record turnover of Rs 8,740 lakh crore in March 2024, with Dhan's user base growing over 300% to 560,000 active users.
- New tax proposals and SEBI regulations may challenge the sector, but investor interest in Dhan remains strong as it seeks funding to manage tax implications.
- SEBI's new circular on transaction fees could lead to changes in the brokerage model, impacting platforms like Zerodha and Dhan.
Source: The Arc
- Dhan acquired Moneylicious for the necessary stockbroking license and offered free access to TradingView, setting it apart from competitors.
- The F&O market in India saw a record turnover of Rs 8,740 lakh crore in March 2024, with Dhan's user base growing over 300% to 560,000 active users.
- New tax proposals and SEBI regulations may challenge the sector, but investor interest in Dhan remains strong as it seeks funding to manage tax implications.
- SEBI's new circular on transaction fees could lead to changes in the brokerage model, impacting platforms like Zerodha and Dhan.
Source: The Arc
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