How many stock brokers you have and for what purposes?

[Dashanan]

FYI Now Groww offers online Demat account for HUF PAN. Only broker to go paperless for HUF

Nope
Not only Dhan
And not even first.
Dhan started online huf account opening in late May

 

[Wealth is my birth right!]

I know what's a HUF, Any practical use with HUF?
Can you explain with example

In terms of profits from huf it’s good having exemptions but pooling capital is taxable under huf so think twice before executing

 

[Rishabh]

It depends how many of those third party features you gonna use it. Also one more point- SmallCase investment involves charges when you do from Zerodha but same is free for Dhan. 🙂

Doesn't zerodha face tie-ups with many other apps/products. I was considering zerodha because of that

 

[shashankverma]

Nope
Not only Dhan
And not even first.
Dhan started online huf account opening in late May

Dhan is not good for HUF. You can’t purchase MF on Dhan if you have HUF. Other segments like FnO are also deactivated.
That’s why I said Groww is the best and only option.

 

[shashankverma]

Dhan also offers online paperless for HUF. Groww is not the only one

No option to purchase MF for HUF, only stocks and ETF segment is activated.
So not a complete broker.

 

[shashankverma]

Dhan for Equity, ETF, IPO, Small Case
Groww for MF

My above usage and suggestion is for HUF Account.

 

[sourpai]

Dhan is not good for HUF. You can’t purchase MF on Dhan if you have HUF. Other segments like FnO are also deactivated.
That’s why I said Groww is the best and only option.

FnO can be easily activated by sharing 6 months bank statement / stock holdings / Income statement for HUF account. It is quite simple.

I am also able to see MF segment on Dhan HUF account. Not sure what issue you are facing

 

[shashankverma]

FnO can be easily activated by sharing 6 months bank statement / stock holdings / Income statement for HUF account. It is quite simple.

I am also able to see MF segment on Dhan HUF account. Not sure what issue you are facing

If you have HUF Pan linked, you can’t have MF. I agree FnO is possible.

There is no exception to this for MF on Dhan
Similar complaint and response from Dhan can be read here.

Please don't post unverified info.
You can call them and check 99877 61000

 

[shashankverma]

Anyone looking for HUF Demat account should open Groww account if interested in MF. Also Dhan is best for Equity and 0 charges SmallCase, no doubt.
Better to open both Account Online and keep MF and Equity separate.

 

[sourpai]

Yes you are right... It was showing MF section in my case, but never really clicked on it. Dhan as of now does not support HUF MF investments. It is a WIP development