Anand Rathi is a very reputed broker house in the country. It is well-known in the stock industry for the remarkable services it provides to the traders. The broker house has always prioritized its clients and leaves no stone unturned to help them with all the facilities that will help in trading.
In this Anand Rathi Review, you will get to learn the business strategies and services of the company. All your queries regarding the broker house will be addressed, and some added information is also provided.
This article contains every detail about the brokerage charges, account opening procedure, products, services, offers, trading platforms, customer care services, exposures, customer reviews, advantages, etc. of the company. Read the article thoroughly to learn all the details nicely.
|Anand Rathi Highlights|
|Broker Type||Full Service Broker|
|Demat Account AMC||Rs 299 + s. tax (2nd year Onwards)|
|Margin Required||75% Margin|
|Intraday Brokerage||0.05% -0.015%|
|Delivery Brokerage||0.5% – 0.15%|
What do you know about Anand Rathi?
It is a vital portion of the Anand Rathi Review as it shares all the details about the profile of the company. It is a privately-owned broker house of India. Mr. Anand Rathi and Mr jointly established Anand Rathi.
Pradeep Gupta. It is a full-service broker house having its headquarter in Mumbai, Maharashtra. The company was founded in 1994 and had been serving a massive number of clients since then. Anand Rathi has managed to stay on top for a long time with its excellent business strategies.
|About Anand Rathi|
|Know few details about Anand Rathi|
|Which type of Company is it? – Public / Private||Private|
|Which type of Broker is it? – Full Service / Discount||Full Service Broker|
|Where is the registered office of Company Located?||Mumbai, India|
|Who is the Founder of this Company?||Anand Rathi & Pradeep Gupta|
|When did the company started?||1994|
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What are the various Demat Account Opening Charges levied by Anand Rathi?
An Anand Rathi Demat Account has got a considerable amount of benefits and can be availed for a nominal charge.
The company is a Depository Participant of CDSL and conducts business in a very transparent manner. Anand Rathi Account Opening charge is Rs.750. For annual maintenance of the DEMAT account, the broker house charges Rs.300 yearly.
Their trading account does not have any AMC. A trader needs to maintain 75% Margin with the company as the initial margin amount. The brokerage house does not have the facility of dematerialization for their clients.
|Anand Rathi Demat Account Opening Fees|
|Check out the various fees charged for Opening a Demat Account with it|
|Which is the Depository Participant involved?||CDSL|
|What are the Demat account opening charges?||Rs.550|
|How much is the Demat AMC?||Rs 299 + s. tax (2nd year Onwards)|
|What is the Trading AMC?||Zero|
|What is the initial Margin amount required?||75% Margin|
|Is dematerialization available?||No|
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Does Anand Rathi provide any Offers to their Clients?
Yes, the broker house provides certain offers to the clients that can help them earn some extra profit. Anand Rathi Offers special discounts on its brokerage charges.
The company also offers flexible brokerage plans that support the traders in trading as per their requirements.
|Anand Rathi Offers|
|Here are the various offers provided by it|
|Does the broker provide Free Demat A/C offer?||No|
|Does the broker provide Free Trading A/C offer?||No|
|Is this broker offers Discount on Brokerage?||Yes|
|Does the broker offer Happy hour trading to their clients?||No|
|Is the broking house provides flexible brokerage plan?||Yes|
|Does the broker offer 1 month Free brokerage?||No|
|Is the Holiday offers provided by the broker?||No|
|Are there any referral offers shared by the broker?||No|
|Zero Brokerage for Loss Making Trades||No|
What are the Brokerage Charges levied by Anand Rathi on various Segments?
You should go through the Anand Rathi Brokerage Charges thoroughly before trading with the company. The charge on equity delivery is between 0.5% – 0.15%, and that on equity intraday is 0.05% -0.015%.
A brokerage between 0.008% – 0.05% is applied for trading commodities with the broker house. The charges for equity futures and currency futures are the same, and it is between 0.05% -0.015%.
For trading equity options and currency options, Anand Rathi charges Rs.20 to Rs.75 for each lot. The broker house costs a very minimal amount of brokerage as per the transaction.
|Anand Rathi Brokerage Charges|
|Here you will find details of brokerage levied by Anand Rathi on all segments|
|What are the Equity Delivery Charges?||0.5% – 0.15%|
|What are the Equity Intraday Charges?||0.05% -0.015%|
|How much brokerage charged for Commodity Trading?||0.008% – 0.05%|
|What is the brokerage on Equity Futures?||0.05% -0.015%|
|How much brokerage charged for Equity Options?||Rs 75 to Rs 20|
|What is the brokerage on Currency Futures?||0.05% -0.015%|
|What is the brokerage on Currency Options?||Rs 75 to Rs 20|
|How much is the Minimum Brokerage requires?||As per Transaction|
|What is the Demat AMC?||Rs 299 from second year onward|
|How much is the Trading AMC?||Rs 0|
|What is the Minimum Margin Required?||75% Margin|
Does Anand Rathi levy any other charges apart from Brokerage?
Yes, a trader needs to pay a very less amount of Anand Rathi Charges apart from their brokerage fees. 0.0025% of the total turnover is charged on each transaction.
The STT charge of the company is 0.0126%, and the SEVI turnover fee is only 0.0002%. Anand Rathi levies a nominal amount of Stamp Duty which entirely depends on the state where the transaction is taking place. The GST charged on brokerage and transaction charges is 18%.
|Anand Rathi Charges|
|Get deep understanding of all other charges levied by it|
|How much is the Transaction Charges levied?||0.0025% of Total Turnover|
|What are the STT charges?||Equity Delivery: 0.1% on both Buy and Sell
Equity Intraday: 0.025% on the Sell Side
Equity Futures: 0.01% on Sell Side
Equity Options: 0.05% on Sell Side(on Premium)
Commodity Futures: 0.01% on sell side (Non-Agri)
Commodity Options: 0.05% on sell side
Currency F&O: No STT
On Exercise transaction: 0.125%
Right to entitlement: 0.05% on sell side
|What are the SEBI Turnover charges?||0.00005% (Rs.5/Crore)|
|How much is the Stamp Duty levied?||(On buy side only) Delivery: 0.015%, Intraday: 0.002%, Equity Futures: 0.002%, Equity Options: 0.002%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.002% (MCX)|
|How are the GST charged?||18% on (Brokerage + Transaction Charge + SEBI Fee)|
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What is the Limit or Exposure offered by Anand Rathi?
Anand Rathi Exposure on various services is beyond your imagination as they are higher than almost all other broker houses. Limit on equity delivery is up to 1 times. Leverage offered by the company on equity intraday is as high as up to 5 times.
The company provides a margin of up to 1 times on equity futures. Limit provided for equity options are up to 1 times. Anand Rathi Margin on currency futures is up to 1 times, and that on currency options is up to 1 times. The broker house on commodity trading provides a whooping exposure of up to 1 times.
|Anand Rathi Exposure or Leverage|
|Here you will find the exposure or limit provided by it|
|How much is the limit on Equity Delivery?||1x|
|What is the limit on Equity Intraday?||Upto 5x|
|How much is the limit on Equity Futures?||1x|
|What is the limit on Equity Options?||1x|
|What is the exposure on Currency Futures?||1x|
|How much is the leverage on Currency Options?||1x|
|What is the limit on Commodity Trading?||1x|
How to Open Anand Rathi Demat & Trading Account?
To Open Anand Rathi Demat Account and Trading Account you will have to follow some very clear and simple steps.
You can open a DEMAT or trading account with the broker house online from your own Smartphone, tablet, or computer.
There is no need for visiting any branch of the company and standing in a queue for opening an account. The steps for opening a DEMAT account are given below:
- You will have to click on the button that says “Open Demat Account” below on the screen.
- After you click on the button, you will be redirected to the official account opening page of Anand Rathi
- There you will find the account opening form which you will have to fill up with all the accurate details
- After submitting the form you will be asked for your original documents for KYC verification
- You will have to scan the original copies of Voter ID card, PAN card, AADHAAR card, address proof, bank account statement, etc. and upload them
- Once your KYC verification is completed, the company will guide you through the rest of the process
- It will hardly take a few hours for your DEMAT account to get activated after the whole procedure is completed
- If you want to Open Anand Rathi Trading Account then follow the same steps as given above
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What are the various Trading Platforms provided by Anand Rathi?
The broker house provides three different trading platforms that we will discuss below. All the Anand Rathi Trading Platforms are incredibly uncomplicated and are technically very sound.
They are fast and can be relied upon for any type of service.
The trading platforms are:
Anand Rathi Trading Terminal – Anand Rathi Trade X’Pro
Anand Rathi Trade X’Pro is available for both Mac and Windows systems. It is very advanced software that has got multiple useful features in it. Traders can access it on their own from a laptop or desktop having an active internet connection
Anand Rathi Web Trading Platform – Anand Rathi Trade X’Press+
The web-based trading platform of Anand Rathi can be operated from a computer and a Smartphone. All the popular web browsers give access to this platform. This platform is known as Trade XPress+.
Anand Rathi Mobile App – Anand Rathi Trade Mobi App
The company operates Anand Rathi Trade Mobi App for both Android and iOS Smartphones. The app can be easily downloaded from the app store, of the device and has been loaded with an array of useful features
|Anand Rathi Trading Platforms|
|Here you will find all the important trading platforms available with it|
|Do they have Trading Terminals for Windows?||Yes|
|Do they have Trading Terminals for Mac?||Yes|
|Are they providing Web Trading Platform?||Yes|
|Do they have Mobile Web Platform?||Yes|
|Does this broker provide Mobile Trading App for Android?||Yes|
|Does this broker provide Mobile Trading App for iOS?||Yes|
|Are they having Mobile App for Windows OS?||No|
|Do they have Mobile Trading App for Other OS?||No|
What are the features available in Anand Rathi Trading Applications?
The trading applications operated by Anand Rathi are extremely beneficial or the traders. They have numerous innovative features that we shall discuss below:
Anand Rathi Trading Terminal – Anand Rathi Trade X’Pro Features
- The latest market updates regarding stocks can be easily viewed
- Clients can view their portfolios from the Anand Rathi Trading Terminal
- There is provision for buying mutual funds online through the trading terminal
- The company provides useful tips to the traders that can help them in buying stocks
- Clients can easily install the software on their computers and operate it without any glitches
- The trading terminal maintained by Anand Rathi provides alerts through SMS and email
- Traders can manage multiple accounts through a single trading terminal of the broker house
- Anand Rathi also offers personalized advice to the customers if they ask for through this software
Anand Rathi Web Trading Platform – Anand Rathi Trade X’Press+ Features
- It is very flexible and can be relied upon entirely for trading
- Current updates of the stock market are available in the trading terminal
- The Anand Rathi Web Trading Platform allows users to manage more than one account that they have with the company
- Traders can get the facilities of interactive charting through the terminal
- The company provides Research reports through this platform
- SMS alerts and email alerts can be activated using the trading terminal of Anand Rathi
Anand Rathi Mobile App – Anand Rathi Trade Mobi App Features
- The app can be downloaded from the app store and installed on the mobile phone without any difficulty
- It has a very advanced feature of interactive charting
- The Anand Rathi trading App helps the traders in viewing the details of their portfolio
- It enables the users to buy and sell mutual funds online
- Traders get essential notifications on their phone through this app
|Anand Rathi Trading Application Features|
|Here you will find various features available in Trading Platforms provided by it|
|Are these platforms capable of Real time Updates?||Yes|
|Do these Applications provide Portfolio Details?||Yes|
|Are this software’s providing Online MF Buy?||Yes|
|Do these platforms have News Flash?||No|
|Are these platforms providing Research Reports?||Yes|
|Are these platforms Easy to Install & use?||Yes|
|Do these Apps have Global Indices?||No|
|Are these platforms having Stock Tips?||Yes|
|Do this software’s provide Personalized Advisory?||Yes|
|Are these platforms capable of Interactive Chartings?||Yes|
|Do these Apps provide Live Markets data?||Yes|
|Do they provide SMS Alerts?||Yes|
|Are they providing Email Alerts?||Yes|
|Do these platforms has Multi Account Management solution?||Yes|
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What are the various Products provided by Anand Rathi?
The Anand Rathi Products list is quite long and contains all the useful products in it. This broking company allows its clients to trade in equity, commodity, currency, options, and futures amongst the popular ones. Traders can buy mutual funds from the company and also avail the facility of SIP.
|Anand Rathi Products|
|Here are the various products provided by Anand Rathi|
|Does the broker allow Equity Trading?||Yes|
|Does the broker allow Commodity Trading?||Yes|
|Do they have Currency Trading product available?||Yes|
|Do they provide Options trading?||Yes|
|Are the clients allowed to trade in Futures?||Yes|
|Do they have Mutual Funds as product?||Yes|
|Does the broker allow Forex trading?||No|
|Does the broker have Banking products?||No|
|Is SIP allowed by the broker?||Yes|
|Do they have Insurance as a Product?||No|
What are the various Services offered by Anand Rathi?
Anand Rathi Services comprises of a wide variety of services that are extremely useful for trading. The broker house offers useful facilities for trading both online and offline.
They have intraday service for trading equity. its offers IPO services to its clients. The company provides valuable recommendations on buying and selling stocks to clients.
Anand Rathi also offers a very useful function of managing portfolios that is PMS. A magnificent exposure of up to 5 times is provided by the broker house on trading various products.
|Anand Rathi Services|
|Check out the various services provided by Anand Rathi|
|Does the broking house provide Demat Services?||Yes|
|Does the broking house provide Trading Services?||Yes|
|Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C?||No|
|Do they provide Intraday Services?||Yes|
|Are they offering IPO Services to the client?||Yes|
|Do they have Stock Recommendations available?||Yes|
|Are they providing tools for Robo Advisory?||No|
|Does the broker provide PMS?||Yes|
|Do they have Trading Institution available?||No|
|What is the Trading Exposure this broker provides?||Upto 5x|
Does Anand Rathi provide Research & Advisory to their clients?
Yes, the list for Anand Rathi Research services is very long. They share fundamental and research reports with clients along with reports of the company. Anand Rathi evaluates the annual reports of companies and shares it with its clients.
They share useful reviews on trading stocks with traders. And it is helpful for them in trading. its Tips on stocks are not available for free to the clients. They evaluate and share IPO reports with the traders and also provide top picks.
Clients get the facilities of daily market review from the broker house. They have the provisions for weekly and monthly reports. The traders can avail its Advisory without being online, and they can also get the help of Relationship Manager.
|Anand Rathi Research, Advisory & Stock Tips|
|Here are the various research activities done by it|
|Does the broker shares Fundamental Reports?||Yes|
|Does the broker shares Research Reports?||Yes|
|Do they provide Company Reports to their clients?||Yes|
|Are they analysing Annual Reports of Companies?||Yes|
|Do they share Company Stock Review?||Yes|
|Are they sharing Free Stock Tips to their clients?||No|
|Do they analyze & share IPO Reports?||Yes|
|Does the broking company provide Top Picks?||Yes|
|Are they sharing Daily Market Review?||Yes|
|Do they have Monthly Reports?||Yes|
|Does the broker provide Weekly Reports?||Yes|
|Are they having Offline Advisory?||Yes|
|Do they provide Relationship Manager to clients?||Yes|
What are the Customer Care details of Anand Rathi?
Anand Rathi Customer Care is available round the clock over their chat support number 18002001002. They help the clients by providing dedicated dealers along with the facilities of trading online and offline. it maintains 120 branches across the country.
|Anand Rathi Customer Support|
|Let’s have a better understanding of Customer Care Service of Anand Rathi|
|Are they providing Dedicated Dealer to their clients?||Yes|
|Do they allow Offline Trading?||Yes|
|Do they have facilities for Online Trading?||Yes|
|Are they providing 24*7 Support?||Yes|
|Does this broker provide Email Support?||No|
|Is this broker having Chat Support?||1800 200 1002|
|How many Branches the stock broker has?||120|
Are there any Complaints filed against Anand Rathi by their clients?
The total number of Anand Rathi Complaints filed in BSE is 152, and with NSE it is 112. This broker house has managed to resolve 124 complaints lodged in BSE and 86 claims in NSE.
|Anand Rathi Complaints|
|Here you will know about the Complaints lodged against it|
|What is the total number of Complaints Lodged in BSE?||152|
|How many of these complaints have been Resolved in BSE?||124|
|What is the total number of Complaints Lodged in NSE?||112|
|How many of these complaints have been Resolved in NSE?||86|
What are the Advantages / Benefits of Anand Rathi Trading Account?
- Anand Rathi Trading Account can be opened very quickly with a small amount of charge
- They levy less brokerage on various segments
- The exposure offered by the company is very high
- They maintain three advanced trading platforms
- its offers leverage of up to 5 times on trading
- They provide firm support to the traders
What are the Anand Rathi Review & Ratings as per their Customer?
Anand Rathi Ratings on brokerage is 6.3 points. Traders have given 6.8 points to the broking advisory provided by the company. The products of the company have fetched 7.1 points, and the trading platforms have received 7.2 points.
The broker house has received 6.5 points for its experience. it has achieved an average rating of 6.8 points along with three stars. To complete this Firm Review, 628 customers have shared their opinions.
|Anand Rathi Ratings & Reviews|
|We are looking at Companies Ratings on various parameters|
|Stock Market Research & Broking Advisory||6.8/10|
|Brokerage & other Charges like – Turnover, Transaction Charges etc.||6.3/10|
|Types of Products & Services the Brand provides||7.1/10|
|Performance Mobile App, Trading Terminal & Web Trading Platform||7.2/10|
|Experience in the Broking Business||6.5/10|
|Total Avg. Rating of Broking House||6.8/10|
|Star Rating of given to Stock Broker||★★★☆☆|
|Number of People Contributed to these Ratings||628|
Anand Rathi Conclusion
After going through this whole Anand Rathi Review, you must have learned all the useful details about the broking house. It has been a pioneer in the stock industry since its inceptions and clients are highly satisfied with its services.
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