Anand Rathi vs IIFL Securities 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 IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
Anand Rathi vs IIFL Securities Account Opening Charges: 2024
| Charge | Anand Rathi | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹550 (One time) | ₹0 |
| Trading Acc Opening Charges | ₹750 (One time) | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹299 from second year onward | ₹400 per year |
Anand Rathi vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Anand Rathi | IIFL Securities |
|---|---|---|
| Plan Name | Standard Plan | Flat Plan (FBP) |
| 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 | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | 0.05% -0.015% | 0.05% |
| Currency Options | ₹75 to ₹20 | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | 0.008% - 0.05% | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Anand Rathi vs IIFL Securities Margin / Exposure: 2024
| Segment | Anand Rathi | IIFL Securities |
|---|---|---|
| Equity Delivery | N/A | Upto 3x |
| Equity Intraday | N/A | Upto 20x |
| Equity Future | N/A | Upto 3x |
| Equity Options | N/A | Upto 3x |
| Currency Future | N/A | Upto 2x |
| Currency Options | N/A | Upto 2x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |