If you are planning to start investing or trading in the Indian stock market, choosing the right stock broker is an important decision. One of the first steps for a new investor is opening a Demat and trading account. The Dhan Broker Referral Code "ASAR14" is promoted for new users who want to open a Dhan account with free account opening.
Dhan currently advertises ₹0 account-opening charges, along with zero AMC and platform fees for eligible individual and HUF accounts. This can make Dhan an attractive option for investors and traders who want to begin their journey without paying an upfront account-opening fee.
However, users should understand that free account opening does not mean every trading service is free. Brokerage, transaction charges, taxes, DP charges and other applicable costs may still apply.
What Is Dhan Broker Referral Code "ASAR14"?
The Dhan Broker Referral Code "ASAR14" is a referral code promoted for users who are opening a new Dhan account.
Dhan officially supports referral links and referral codes. Its support documentation states that a new user can open an account using a referral link or by entering the referral code during registration.
If you are planning to open a Dhan account for the first time, you can enter ASAR14 during the applicable onboarding process and check whether the referral offer is available to you.
Dhan's referral terms also specify that the referral program is for eligible Indian residents and that referral attribution is captured during onboarding.
Dhan Referral Code "ASAR14" Benefits
1. Free Account Opening
The primary advertised benefit is free account opening. Dhan's current pricing page lists ₹0 account-opening charges for Individuals and HUFs.
For new investors, avoiding an account-opening fee can reduce the initial cost of getting started.
2. Zero AMC for Eligible Accounts
Dhan currently lists ₹0 Annual Maintenance Charges (AMC) for Individuals and HUFs.
This can be useful for investors who want to maintain their Demat account without a recurring annual maintenance charge, subject to the applicable account type and current terms.
3. Zero Platform Fees
Dhan's current pricing information also lists ₹0 platform charges.
This means eligible customers do not have to pay a separate platform fee simply for maintaining the account.
4. Online Account Opening
Dhan offers a digital Demat account-opening process. Its official website states that users can verify their mobile number and email, submit required documents digitally and complete e-signing.
This makes the onboarding process convenient for users who prefer opening an account online.
How To Use Dhan Broker Referral Code "ASAR14"
If you want to use the referral code, follow these general steps:
Step 1: Open the Dhan App or Website
Download the official Dhan application or visit the Dhan website and select the account-opening option.
Step 2: Start Registration
Enter your mobile number and email address and begin the account-opening process.
Step 3: Enter Referral Code
When the referral-code option appears, enter:
ASAR14
Make sure that the code is entered correctly before continuing.
Dhan confirms that a referral can be successful when the new user enters the referral code during registration.
Step 4: Complete KYC
Submit the required KYC information and documents. Dhan's online account-opening process is designed to be completed digitally.
Step 5: Complete E-Sign
Complete the required e-sign process to finish the digital account-opening application.
Step 6: Activate Your Account
After successful verification and approval, your Dhan account can be activated and you can access the available investment and trading services.
Is Dhan Account Opening Really Free?
Yes. Dhan currently advertises ₹0 account-opening charges for Individuals and HUFs. It also lists ₹0 AMC and ₹0 platform fees for these eligible account categories.
However, investors should distinguish between free account opening and free trading.
Other charges can apply when you use different products or services. For example, Dhan currently lists:
₹0 brokerage for Equity Delivery
₹0 brokerage for ETFs, IPOs and Mutual Funds
₹20 or 0.03% of trade value per executed order, whichever is lower, for Equity and ETF Intraday and MTF
₹20 per executed order for equity and commodity Futures & Options
DP transaction charges of ₹12.50 per instruction/ISIN plus GST
Statutory charges such as STT, GST, stamp duty and exchange transaction charges can also apply.
Dhan Brokerage Charges
Free account opening is useful, but brokerage is another important factor to consider before trading.
Dhan's current pricing page shows zero brokerage for equity delivery, while intraday and MTF charges are listed at ₹20 or 0.03% of trade value per executed order, whichever is lower. For equity and commodity Futures & Options, Dhan lists ₹20 per executed order.
The actual total cost of a trade can be higher than the brokerage alone because regulatory and transaction-related charges may apply.
Investors should therefore review Dhan's latest pricing schedule before placing orders.
Why Use Dhan Broker Referral Code "ASAR14"?
Using a referral code can be useful when opening a new Dhan account because the code connects the new user with the applicable referral program.
Dhan states that users can share their referral link or code and that the new user needs to use the referral link or enter the referral code during registration for the referral to be successful.
It is therefore better to enter ASAR14 during the initial onboarding process rather than waiting until after the account has been opened.
Dhan also provides a process for users who accidentally miss entering a referral code. Its support page says they can contact Dhan within seven days of account opening with the relevant UCC and referral code for review.
Who Should Consider Dhan Referral Code "ASAR14"?
The referral code may be worth checking if you are:
A new investor in India
Planning to open a Demat account
Looking for free account opening
Interested in zero AMC
Looking for a digital stock broker
Interested in stocks and ETFs
Planning to invest in IPOs or mutual funds
Interested in futures and options trading
Dhan's platform provides access to multiple market segments, including stocks, options, futures, commodities, ETFs, IPOs and mutual funds.
Is Dhan Broker Referral Code "ASAR14" Worth Using?
If you are already planning to open a new Dhan account, checking ASAR14 during registration can be worthwhile. Dhan currently advertises ₹0 account-opening charges, zero AMC and zero platform fees for eligible Individuals and HUFs.
The code should be entered correctly during onboarding so that the referral attribution can be recorded.
However, a referral code should not be the only reason for choosing a broker. Investors should also compare brokerage charges, investment products, trading tools, platform features, customer support and other applicable costs.
Frequently Asked Questions
What is the Dhan Broker Referral Code?
The referral code featured in this article is "ASAR14." It is promoted for users who are opening a new Dhan account.
What benefit does ASAR14 offer?
The advertised benefit is free account opening. Dhan currently lists ₹0 account-opening charges for eligible Individuals and HUFs.
Is Dhan account opening free?
Dhan currently advertises ₹0 account-opening charges for Individuals and HUFs.
Does Dhan charge AMC?
Dhan currently lists ₹0 AMC for Individuals and HUFs.
Where do I enter ASAR14?
Enter ASAR14 during the Dhan account-registration process when the referral-code option is available.
Can existing Dhan users use ASAR14?
Referral benefits are subject to Dhan's eligibility rules. Dhan's referral terms state that referral attribution is captured during onboarding.
Does free account opening mean there are no trading charges?
No. While account opening, AMC and platform fees may be ₹0 for eligible accounts, brokerage, DP charges, statutory taxes and other transaction-related charges can still apply.
Conclusion
The Dhan Broker Referral Code "ASAR14" is promoted for users who want to open a Dhan account for free. Dhan currently advertises ₹0 account-opening charges, zero AMC and zero platform fees for eligible Individuals and HUFs.
If you are planning to open a new Dhan account, enter ASAR14 during registration when the referral-code option is available and verify that the referral information has been applied correctly.
Before trading or investing, review Dhan's latest brokerage rates, DP charges, taxes, transaction costs and other applicable fees.
Stock-market investments involve risk, and returns are not guaranteed. Always understand the products and associated risks before investing.