CosmicTaco

Investors Compete for Stake in Discount Broker Dhan Amid Regulatory Changes

CosmicTaco · 2024-08-02T15:03:03.044133+05:30

- 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

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