Quick post on Pledge & Un-pledge Experience on Dhan
I recently did a small post on how we have built and enhanced Iceberg Orders based on feedback & usage from our users. It’s weekend, and I have some time today so thought let me write one in detail about Pledge & Margin Benefits on Dhan.
We introduced Pledge Shares for Margin Benefit a few months back in February end. We started Dhan Meet & Greet events to interact with traders across India, till date we have met over 3000+ traders - and one feature that many traders were overwhelmed by was our capabilities and feature benefits of - Pledge Shares for Margin Benefits on Dhan.
Many large traders find these super-useful and I should have done this post a long time back, but never too late. So here it goes:
Let me first share about Usage of Margin Benefit from Pledge Shares on Dhan:
- Margin Benefit on Dhan is available for Options Buying (yes, on buying too) as well as Options Selling
- Margin Benefit is available across all exchanges: BSE, NSE & MCX
- Margin Benefit is available across all segments: Options, Futures, Cash, Currency & Commodities
- Margin Benefit is available across all order types: Market, Limit, Trigger, Bracket, Cover, Iceberg, etc
- Margin Benefit is available on both order legs: Buy or Sell
Now, about Pledge & Un-plegde features & coverage
- Dhan provides Margin Benefit on Pledge Shares across 1450+ Stocks. We have been told this is very extensive coverage.
- It’s Instant. Pledge on Dhan is instant, easy and fast. In just 15 minutes, you get the Margin Benefit that is promised.
- Unpledge is instant, but we process the requests over the weekend to ensure you are able to take advantage of pledge benefits if a trading opportunity comes up.
- Pledge Stocks, when sold are unpledged instantly and in the sell flow. There is no need to first unpledge, and then sell them.
User Experience for Traders:
- Only on Dhan, as a trader you can view the expected Pledge Benefit on the entire portfolio in Real-time. When we say real-time, we encourage you to see it yourself real-time when markets are live.
- Your pledge stocks always stay in your Portfolio Holdings. Unlike many platforms, we do not reduce pledge stocks from your portfolio - they appear at all times in your portfolio so that you know the real value of your portfolio holdings at all times.
- Exactly the same for unpledge, many platforms you have to unpledge stocks and then later they appear in the portfolio after a day or two. Not on Dhan, your stocks are always in your portfolio.
- You can instantly pledge your entire portfolio, no need to select each one and then pledge them individually.
- Same for unpledge, you can unpledge entire holdings together in a single request.
- On every scrip page where Margin Benefit against pledge is available, as a trader you can see the margin benefit provided (in real-time) on the Margins view of the Scrips / Stocks.
Hope this is helpful. Dhan is built as trading / investing experience - so there are many small and nifty features that are available for Pledge & Unpledge as well but we would like you to experience it first hand.
Thank you & Enjoy your weekend,
pj