Anand Rathi vs IDBI Direct Comparison: 2024
About Anand Rathi
Named after the Founder himself, Anand Rathi is one of the pioneers of stockbrokers in India. It has managed to outrank several competitors over the years and maintain its position as one of the top and most-sought-after stockbrokers. The company is a complete financial solution including services ranging from asset management to insurance and stock trading. Anand Rathi's PAN-India and tech-savvy operations makes them stand out of crowd. They have bagged several awards for the same in the past decades.
Anand Rathi: An Overview
The Anand Rathi is a full-service brokerage firm offering insightful research and advice to the traders and investors. Based in Mumbai, the company is a public sector company i.e. listed on the stock exchange. It is spread through a network of 350 branches and more than 1500 franchises in India and some parts of Dubai and Bangkok. They soon aim to expand their global position.
Founded in 1994
About IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
Anand Rathi vs IDBI Direct Account Opening Charges: 2024
| Charge | Anand Rathi | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹550 (One time) | ₹0 |
| Trading Acc Opening Charges | ₹750 (One time) | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹299 from second year onward | ₹450 p.a. |
Anand Rathi vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | Anand Rathi | IDBI Direct |
|---|---|---|
| Plan Name | Standard Plan | Standard Plan |
| Equity Delivery | 0.5% - 0.15% | 0.50% |
| Equity Intraday | 0.05% -0.015% | 0.05% |
| Equity Futures | 0.05% -0.015% | 0.05% |
| Equity Options | ₹75 to ₹20 | ₹100 per lot |
| Currency Futures | 0.05% -0.015% | N/A |
| Currency Options | ₹75 to ₹20 | N/A |
| Commodity Options | 0.008% - 0.05% | N/A |
| Mutual Fund | N/A | N/A |
Anand Rathi vs IDBI Direct Margin / Exposure: 2024
| Segment | Anand Rathi | IDBI Direct |
|---|---|---|
| Equity Delivery | N/A | Nil |
| Equity Intraday | N/A | Upto 4x |
| Equity Future | N/A | Nil |
| Equity Options | N/A | Nil |
| Currency Future | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |