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Tracking Dhan’s Unicorn Journey
Just last week, stock broking platform Dhan entered the unicorn club. However, the timing couldn’t have been more counterintuitive – SEBI has been cracking down on F&O trading, investor participation is down, and rivals are seeing revenues plummet. So, what has been Dhan’s secret sauce?
The Secret Weapon: While competitors built their empires on F&O volumes, Dhan
doubled down on margin trading, which brought in recurring interest income and created a…
