Anand Rathi Review & Brokerage Charges

Anand Rathi Review 2020

Anand Rathi Review 2020

Based out of Mumbai, Anand Rathi is one of India’s top-rated full-service stock brokers. The stock broker endeavors to meet the diverse financial and investment needs of trades and investors. It offers a wide range of services including wealth management, investment banking, corporate finance & advisory, brokerage & distribution across an extensive range of Equities, Commodities, Structured Products, Mutual Funds, Insurance, Corporate Deposits, Bonds & Loans to Institutions, Corporates, High Net-worth individuals and families.

Established in 1994, the full-service stock broker employs over 2,500 professionals at present.

The foremost objective of the stock broker is to be a leader in investment advisory, provide innovative financial solutions and be the first choice for Clients and Employees.

Being active member of NSE, BSE, MCX, NCDEX and USE, Anand Rathi enables its clients to perform trade across a range of stock categories including:

  • Equity
  • Commodity Trading
  • Currency Trading
  • Derivatives
  • IPO
  • Mutual Funds
  • Insurance
  • Corporate Fixed Deposits
  • NCD/Bonds
  • Portfolio Management Services

Anand Rathi enjoys a fabulous presence international presence with its offices in Dubai and Bangkok. The stock broker boasts of a great network of 350+ branches and 1500+ franchise across the country.

Apart from stock trading, Anand Rathi also offers depository services. It is a member of Central Depository Services Ltd. (CDSL) and National Securities Depository Limited (NSDL).

Investment guidance is one of the best offerings of Anand Rathi. The company has a specialized research division. The research team continuously carries out fundamental and technical analysis of the stocks and markets. This further help customers mitigate risks and create wealth in the long term.

Membership Information

The membership details of Anand Rathi are given below.

 

Entity Membership ID
BSE INB011371557
NSE INB230676935
MSEI INE260676935
NSDL IN-DP-NSDL-149-2000
CDSL IN-DP-CDSL-04-99
PMS INP000000282
MCX MCX/TM/CORP/0525
NCDEX NCDEX/TCM/CORP/0178
Registered Address EXPRESS ZONE, A-WING10TH FLOOR, WESTERN EXPRESS HIGHWAY, GOREGAON (EAST) MUMBAI-400063

Process to Open an account at Anand Rathi

There are numerous ways to open a trading account with Anand Rathi. For example, you can either choose online or offline to kick start stock trading.

  1. Online Account Opening (Insta Account)

Instant account opening enables you to open a trading and demat account in just a few minutes. You need to possess e-KYC and Aadhaar for this procedure

Steps of Open Insta Account:

    • Visit www.rathi.com and click on the ‘INSTA ACCOUNT’ link available on the top menu.
    • Fill in the required details DoB, PAN, and Aadhaar Number.
    • Validate your Aadhar information.
    • Upload scanned copies of your documents (Scanned)
    • Pay account opening fees.
    • Authenticate yourself with Aadhaar OTP verification.

Fill an Online Form

If you don’t have e-KYC and Aadhar, you can still go online and initiate the account opening process. Here’s what you need to do-

    • Visit the company website www.rathi.com
    • Click ‘Open An Account’ link available at the top menu
    • Provide the details and then click Submit
    • A company representative will call you to take forward the account opening process.

Visit Anand Rathi Branch Offices

Anand Rathi has a great presence in over 1200 locations across the country. You can visit a branch near to you and complete the account opening process.

Documents needed for account opening

You need to provide the following documents open a trading and demat account:

  • PAN Card
  • AADHAR Card
  • Proof of Address
  • Latest Bank Statement
  • Cancelled Cheque

The company may ask you to furnish additional documents such as salary slips and ITR forms in case you would like to trade in derivatives.

Account Opening Charges

  • Anand Rathi Account Opening Charges (Trading Acct): Rs 750
  • Anand Rathi AMC Charges (Trading Acct): Rs 0
  • Anand Rathi Account Opening Charges (Demat Acct): Rs 550
  • Anand Rathi AMC Charges (Demat Acct): Rs 299 from second year onward

 

Anand Rathi – Trading Platforms

Keeping an eye of the diverse trading needs and categories of traders and investors, the full-service stock broker has a lot of trading platforms. All these platforms endeavor to help investors choose the one that matches best to their needs.

  1. Anand Rathi Trade X’press+

Trade X’Press+ is basically a browser-based web trading platform offered by the stock broker that can be operated from anywhere without the need for downloading and installation. The client just needs to click on a link, enter valid credentials and select Trade X’Press+ after logging in.

Some of the features of this advanced platform are:

  • Instant loading: The application loads quickly to provide you access to investment account without any hassle.
  • Widget Selection: The users can personalize the widget screen to make it suitable as per their convenience.
  • Easy Interface: This web-based platform has an easy to use interface to provide an enhanced user experience.
  • Easy Navigation: The users can easily direct through various options and experience the hassle-free and a seamless trading experience.
  • Customizable dashboard: With a customizable dashboard, it is quite easy to analyze the market depth and create multiple market watch on the stocks.
  • Heat Map: It helps examine the top gainers and losers from the holdings in the portfolio.
  • Advanced charting: It has an advanced evaluation tool to make the charting experience easy and contented.
  • Active Market Watch: The users can actively monitor the price movement in real-time. They can also maintain multiple market watch lists.
  1. Anand Rathi Trade Lite

Trade Lite is another web-based trading application by Anand Rathi which allows investors to perform trading even in case of poor internet bandwidth. Though you may not find all the features of Trade Xpress+, the platform is quite helpful for people who deal with low internet connectivity.

  • Options place two orders either through ‘Quick Order Entry’ or ‘Market Watch’.
  • Place orders, even the market is closed through ‘After Market Order (AMO)’ option.
  • Users can also invest in an IPO through Trade Lite trading platform.
  • Get stock price alert on your mail ID or mobile.
  • Access quotes, gainers/losers, and intraday chart easily.
  1. Anand Rathi Trade X-Pro

Trade X’Pro is a desktop-based trading platform that is primarily meant for high-frequency traders who prefer high speed and comprehensive features. The user needs to download the EXE file and install the trading software on his/her desktop or laptop. Anand Rathi claims Trade X’Pro to be one of the best performing trading platforms in the industry. Some of its features are:

  • Advanced charting at the minute, day, week level with multiple indicators
  • Option strategy available with provision to create your own
  • Users can personalize the display of the application
  • Extremely secure with terminal locking feature
  1. Anand Rathi Trade Mobi

Trade Mobi is a mobile trading application offered by Anand Rathi. It is known to have a smart interface, advanced features, and easy navigation facility to improve user experience. You can trade across Equity, Commodities, Currency and F&O through this mobile app. Some of the key features of Trade Mobi are mentioned below:

  • Trade across NSE, BSE, and MCX
  • Steadfast mobile app ensuring a smooth transaction experience.
  • Fast & easy navigation.
  • Get real-time quotes, access charts and execute different orders.
  • Track market performance and get market updates on the dashboard.
  • Access markets, analytics, watchlist and search scrips easily.
  • Track global markets through bull or bear icon.
  • Get a snap quote window by a swipe only.
  • Real-time information on charts to know the current trends and breakout stocks.
  • Boasts of secured login with 2-factor authentication.
  • Transfer funds feasibly to trading account through multiple bank accounts.
  • Provides trading research tips
  • Offers call to action buttons for trading, adding scrips, and viewing charts & quotes.
  1. Anand Rathi Online MF (Mutual Funds)

Anand Rathi mutual fund app is a one-stop trading solution that allows clients to invest in different MF schemes. You can quickly access, track, and manage the mutual fund investment portfolio at your fingertips from anywhere and anytime. Some of the major features of Anand Rathi online MF are:

  • A simple and convenient platform to invest in different mutual funds online.
  • Stay updated with the real-time status of the orders and portfolio.
  • Transfer funds straight from the registered bank account.
  • Access mutual fund portfolio reports.
  • Invest in MF through SIP, Lump sum, STP and MF Basket and even redeem rapidly.
  • No need of demat and trading account to invest in Mutual Fund at Anand Rathi Online MF.
  • No new KYC is needed if you are already a KYC compliant.

Anand Rathi Review, Customer care & Ratings 

The full-service stock broker features a number of communication channels to its client to deliver customer support:

  • Email
  • Web Chat
  • Toll-Free Phone
  • Phone
  • Offline Branches

Due to the presence of multiple communication channels, it is quite easy and quicker for investors to access the broker’s customer service.

There is no doubt that the stock broker leaves no stone unturned to deliver highest level of satisfaction to its clients, there seems to be a lack of personalization in the way its customer care executives communicates with them.

Maintaining some level of personalization is the need of the hour for the broker in order to become a game changer in the stock broking industry.

Anand Rathi Pricing

The brokerage charges and account opening charges by the Best stock broker are mentioned below.

Account Opening Charges

  • Anand Rathi Account Opening Charges (Trading Acct): Rs 750
  • Anand Rathi AMC Charges (Trading Acct): Rs 0
  • Anand Rathi Account Opening Charges (Demat Acct): Rs 550
  • Anand Rathi AMC Charges (Demat Acct): Rs 299 from second year onward

Brokerage Charges

Anand Rathi Brokerage Plan – Standard Plan
Segment Brokerage Fee
Monthly Fee (Fixed) NA
Equity Delivery 0.5% – 0.15%
Equity Intraday 0.05% -0.015%
Equity Futures 0.05% – 0.015%
Equity Options Rs 75 to Rs 20
Currency Futures 0.05% – 0.015%
Currency Options Rs 75 to Rs 20
Commodity Futures 0.008% – 0.05%
Commodity Options

 

Demat Account Charges

The demat account transactions are levied separately from trading charges. Here are Anand Rathi demat account charges 2019.

Sr Plan 1 – 1st Year Free Charges
1 Account Opening Charges Nil
2 Account Closing Charges Nil
3 Annual Maintenance Charges (AMC) Rs. 299/- + s. tax (2nd year Onwards)
4 Purchases through AR Nil
5 Sales through AR Rs. 12/- per Scrip (ISIN)
6 Sales not through AR/Off-Mkt Transfer Minimum Rs. 20/- and Maximum Rs. 50/- or 0.50% of the market value whichever is lower
7 Custodial Charges Nil
8 Demat Charges Rs. 3/- per certificate + Rs. 20/- per request In case of bulk, above 100 certificate Rs. 5/- & Actual Courier Charge
9 Remat Charges 0.05% of value + plus Rs. 20/- postage
10 Pledge Creation/Closure Rs. 25/- per transaction
11 Documentation Charges Nil
12 Transaction Statement FREE monthly
13 Internet Facility Complimentary
14 Bounce cheque Charges Rs 250/-
15 Additional statement Rs 15/-

 

Transaction Charges

Segment Transaction Fee
Equity Delivery ₹350
Equity Intraday ₹350
Equity Futures NSE ₹410 | BSE ₹210
Equity Options ₹7000
Currency Futures ₹350
Currency Options ₹7000
Commodity ₹350

 

Anand Rathi Margins

Trading Segment Margin Anand Rathi
Equity Delivery upto 4x
Equity Intraday Upto 10x
Equity Future Upto 2x
Equity Options Upto 2x for shorting
Currency Future Upto 2x
Currency Options Upto 2x for shorting
Commodity Future Upto 2x
Commodity Options

 

Anand Rathi Research

The research of Anand Rathi is perceived to be one of the most remarkable ones in the industry, at both fundamental as well as technical levels. As a client, you are given access to:

  • Regular Technical Outlook
  • Trading Calls
  • Investment Ideas
  • Strategic Calls

Reliant on what type of investments or trading you are looking to use in the stock market, you may opt to go with these tips and recommendations. In regard to the accuracy of the results, the broker is known to provide better than industry average research tips and therefore, can be trusted to an extent.

Trade Flexi

Trade Flexi is primarily meant to be used for intra-day trading in equity Cash & Future segment. This platform enables the investors to create intra-day position in the equity segment on leveraged margin along with securing the same position with a risk cover by placing a concurrent stop loss market/limit order. It helps the investors to reduce the risk through system generated stop loss market/limit order.

Trade On Move

This platform lends the required suppleness to investors to access account from anywhere. This is best suitable for those investors who are always on the move. Those can access trained dealers without suffering any STD cost. They have dedicated phone numbers so you can place your orders, get order confirmation and your account updates through directly access their Trade On move facility. Investor can also place After Market Orders through Trade On Move facility.

The Conclusion

Being into the industry for quite long, the full-service stock broker has earned a name in the field of stock trading. The broker is primarily known for providing insightful stock research tips to traders that help them gain more value in the long run.

Anand Rathi stock broker is best suited for users who perceive trading a concept as the broker leaves no stone unturned to deliver unmatched value to them.

However, there are some pain points that need to be dealt with on an immediate basis. Some of them are performance of its trading platforms, optimal usage of customer service channels, comparatively high brokerage, account opening and transaction charges etc.

If the broker can manage them smartly, it can sure to deliver the best-in-class trading experience to its clients.

 

 

One thought on “Anand Rathi Review & Brokerage Charges

  • September 14, 2020 at 2:36 am
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    I enjoyed this and found value in it.

    Reply

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