Anand Rathi Review 2026: Brokerage Charges & Features
Anand Rathi is one of India’s longest-standing full-service brokerage houses, offering retail and institutional investors a comprehensive ecosystem of market products, advisory desks, and digital trading utilities. In this detailed review, we analyze Anand Rathi’s statutory standing, segment brokerage costs, platform reliability, demat fee structure, and account management. Readers will discover whether its full-service advisory model aligns with their financial goals or if lower-cost alternative brokers offer a better fit.
Anand Rathi Overview
- Broker Type: Full-service Indian stockbroker
- Founding Year: 1994
- Depository Participant: CDSL & NSDL (Reg. No. IN-DP-437-2019)
- Active Client Base: ~1,53,235 active exchange clients (NSE verified data)
- Official Website: Anand Rathi
Note: This link leads to the platform’s specifications page only. This website does not offer account opening or direct financial transaction services. Investing carries significant risk — please verify the legal status in your own country before use.
Disclaimer: This website’s content is provided for informational and educational purposes only. Anand Rathi is a business duly licensed and registered with the Securities and Exchange Board of India (SEBI), SEBI Reg. No. INZ000170832. Investing in securities and derivatives is regulated by SEBI, but investing carries risk from market volatility, and investors may lose their entire capital. Please read the prospectus and assess your risk before investing.
Pros and Cons of Anand Rathi
Pros
- Established institutional legacy with full-service branch presence across India.
- Free Demat account opening and zero AMC during the first year of onboarding.
- Wide range of products including Equity, Derivatives, IPOs, Bonds, and dedicated Anand Rathi PMS review portfolios.
- In-house research desk providing regular equity calls, sector outlooks, and model baskets.
Cons
- Percentage-based delivery brokerage of 0.15% is higher than flat-discount broker standards.
- Annual maintenance charges apply after the first year at ₹450 + GST annually unless a lifetime subscription is paid.
- User interface across mobile trading apps exhibits occasional freezes during peak volatility spikes.
- Separate login portals required for mutual funds and core equity trading create slight digital friction.
Anand Rathi Review Score
| Category | Score | Notes |
|---|---|---|
| Safety and Regulation | 4.2/5.0 | Duly registered with SEBI under INZ000170832; clean regulatory record. |
| Pricing and Fees | 3.2/5.0 | Charges 0.15% on delivery and 0.015% on intraday; higher than discount alternatives. |
| Deposits and Withdrawals | 4.0/5.0 | Seamless UPI and Net Banking deposits; T+1 payout processing. |
| Range of Tradable Assets | 4.4/5.0 | Equities, Derivatives, Mutual Funds, IPOs, and Fixed Income supported. |
| Platform Quality | 3.8/5.0 | Trade Mobi and Trade Xpress desktop provide necessary technical tools. |
| User Experience and Interface | 4.2/5.0 | Clear navigation though mobile app store ratings average ~3.7/5.0. |
| Account Types & Min Deposit | 3.8/5.0 | Regular 2-in-1, BSDA, and NRI options supported; no strict minimum balance. |
| Learning Resources | 4.0/5.0 | AR Finshala portal features extensive educational articles and guides. |
| Service and Support | 4.0/5.0 | Regional branch access and centralized desk (Monday–Friday 9:30 AM–6:30 PM IST). |
| Overall Score | 3.9/5.0 | Independent deduction assessment; no Safety Cap applied. |
The ratings on this Anand Rathi review reflect our independent assessment at the time of publication and do not constitute financial, investment, or trading advice. Broker offerings, fees, and regulatory status may change — please verify directly with the broker before deciding. Monetyra is not a SEBI-registered investment adviser; Indian users should consult a SEBI-registered adviser before making any investment decision.
Safety and Regulation
Anand Rathi Share and Stock Brokers Limited operates as a fully regulated market intermediary in India, maintaining legal compliance across primary exchanges and statutory bodies:
- Legal Entity: Anand Rathi Share and Stock Brokers Limited
- SEBI Registration Number: INZ000170832
- Depository Participant Registration: CDSL & NSDL: IN-DP-437-2019
- Exchange Member IDs: BSE: 949 | NSE: 06769 | MSEI: 1014 | MCX: 56185 | NCDEX: 1252
- Regulatory Compliance: Duly governed under statutory SEBI Regulations, ensuring strict ring-fencing of client collateral and orderly dispute resolution.
Holding an active SEBI registration guarantees that Indian traders trade through an authorized framework where client funds remain segregated from corporate operational capital. In the event of broker default or trade disputes, domestic retail investors retain access to the National Stock Exchange (NSE) and BSE Investor Protection Funds (IPF), alongside the official SEBI SCORES grievance redressal mechanism.
Range of Tradable Assets
Anand Rathi offers a comprehensive selection of domestic market instruments, allowing clients to build diversified portfolios across asset classes:
- Equity Shares (Cash Delivery and Intraday)
- Equity Derivatives (Stock & Index Futures and Options)
- Currency Derivatives
- Commodity Futures & Options
- Initial Public Offerings (IPO)
- Mutual Funds (Equity, Debt, and Hybrid)
- Fixed Income Securities and Corporate Bonds
Before deploying capital, completing proper KYC for Demat Account verification is mandatory under Indian securities guidelines.
Deposits and Withdrawals
Funding and managing capital with Anand Rathi is conducted through authorized banking channels adhering to Indian financial compliance standards:
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Window |
|---|---|---|---|
| UPI | ₹0 | ₹0 | Instant / Real-time |
| Net Banking | ₹0 | ₹0 | Real-time to 30 Minutes |
| NEFT / RTGS | ₹0 | ₹0 | 2 to 4 Hours (Banking hours) |
| Online Payout Request | ₹0 | ₹0 | T+1 settlement cycle credit |
Source: https://anandrathi.com/ar-finshala/demat-account/transfer-money-demat-account-to-bank-account — Verified as of 10/26/2026
Note for Indian Investors: In line with SEBI financial directives, fund transfers are strictly permitted only from the client’s verified, registered primary bank account. Third-party transfers or non-linked account credits are rejected by automated clearing gateways.
Pricing and Fees
Anand Rathi operates transparent schedule charges structured across market segments:
| Segment | Digital Plan Brokerage | Suitable For |
|---|---|---|
| Equity Delivery | 0.15% | Long-term investors preferring full-service guidance |
| Equity Intraday | 0.015% | Active traders |
| Equity Futures | 0.015% | Derivatives traders managing directional positions |
| Equity Options | ₹50 per lot | Index and stock options traders |
| Currency Futures | 0.015% | Hedgers and forex derivatives traders |
| Currency Options | ₹50 per lot | Currency volatility hedgers |
| Commodity Futures | 0.015% | Raw material and bullion traders |
| Commodity Options | ₹50 per lot | Commodity market options specialists |
Source: https://anandrathi.com/plan — verified af of 10/26/2026
Additional Depository Fee: The Depository Participant (DP) debit charge is ₹15 per ISIN for POA clients (₹25 per ISIN for non-POA accounts) + 18% GST applied only when equity delivery shares are sold. Government levies, including Securities Transaction Tax (STT), Exchange Turnover Fees, Stamp Duty, and SEBI charges apply separately per standard rates.
Account Types & Min Deposit
| Account Category | Opening Fee | AMC Schedule | Minimum Funding |
|---|---|---|---|
| Regular Trading & Demat Account | ₹0 | Free 1st year; ₹37.50 + GST/month (₹450 + GST/year) from 2nd year | ₹0 |
| Lifetime AMC Plan | ₹0 | Nil AMC with ₹3,000 one-time refundable subscription | ₹0 |
| Basic Services Demat Account (BSDA) | ₹0 | ₹0 AMC up to ₹4,00,000 holding; ₹100 + GST for ₹4,00,001–₹10,00,000 | ₹0 |
| NRI Demat Account | ₹0 | Standard institutional AMC applies | ₹0 |
Source: https://anandrathi.com/terms-and-condition — verified af of 10/26/2026
Investors evaluating total lifetime maintenance costs can read our detailed breakdown on Demat Account Opening Charges to understand regulatory BSDA thresholds.
Platform Quality
Anand Rathi delivers its trading ecosystem through multiple dedicated front-end platforms catering to desktop professionals and mobile investors.
Trade Mobi App
The primary smartphone application provides real-time streaming quotes, charting interfaces integrated with technical indicators, fund transfers, and fast order execution. The interface allows users to monitor their comprehensive portfolio holdings across equities and mutual funds in one dashboard.
Trade Xpress Web
The browser-based web trading terminal is engineered for active market participants. It offers customizable multi-asset watchlists, depth charts, integrated fundamental stock reports, and rapid keyboard-shortcut-enabled order placement without requiring third-party software downloads.
User Experience and Interface
Navigating Anand Rathi’s web and mobile interfaces is generally intuitive for conventional stock investors. The layout cleanly categorizes portfolio positions, available margin, and order status books. However, high-volume day traders may notice occasional latency spikes during volatile market open sessions, and managing mutual fund transactions through separate application extensions slightly divides the user workflow.
Learning Resources
Educational backing is a core pillar of Anand Rathi’s service suite. Through its proprietary AR Finshala portal, the firm publishes in-depth modules on equity valuation, fundamental analysis, options strategies, and taxation basics. Clients also gain access to daily market morning reports, institutional research papers, and technical momentum calls produced by its research analyst division.
Service and Support
- Phone Support: 1800 420 1004 / 1800 121 1003
- Email Support: [email protected]
- Branch Desks: Pan-India branch and sub-broker franchise presence across major cities
- Working Hours: Monday to Friday, 9:30 AM to 6:30 PM IST (excluding declared exchange holidays)
Final Thoughts on Anand Rathi Review
Anand Rathi delivers a dependable, research-driven full-service brokerage infrastructure suitable for investors who value dedicated branch access, personalized advisory guidance, and wealth management support. Investors looking for institutional management frequently evaluate an Anand Rathi review when planning multi-asset allocation. While active intraday traders might find percentage-based brokerage costs higher than flat discount broker rates, Anand Rathi remains a solid, time-tested institution for wealth-building in the Indian stock market.
FAQs
In this Anand Rathi review, the standard Digital Plan brokerage charges 0.15% for Equity Delivery trades, 0.015% for Equity Intraday trades, and ₹50 per lot for Equity Options. Additional DP fees and statutory exchange levies apply to executed sell transactions.
Our anand rathi ipo review indicates that clients can apply for newly listed public offerings seamlessly through UPI via both the Trade Mobi application and web portals. The platform provides research reports outlining company valuations and subscription recommendations for retail investors.
In an Anand Rathi PMS review, the firm’s Portfolio Management Services cater to high-net-worth investors with discretionary investment mandates. These services are structured around proprietary investment strategies managed by experienced portfolio managers.
Yes, Anand Rathi provides zero AMC for the first year across regular demat accounts. Investors can also opt for a Basic Services Demat Account (BSDA) with zero AMC for holding values up to ₹4,00,000, or select a lifetime zero AMC plan with a refundable security deposit of ₹3,000.
Customer support operates from Monday to Friday, 9:30 AM to 6:30 PM IST via toll-free phone desks and centralized email support.
Full Disclaimer: This website’s content is provided for informational and educational purposes only. Anand Rathi is a business duly licensed and registered with the Securities and Exchange Board of India (SEBI), SEBI Reg. No. INZ000170832. Investing in securities and derivatives is regulated by SEBI, but investing carries risk from market volatility, and investors may lose their entire capital. Please read the prospectus and assess your risk before investing.
This article was created with AI assistance and reviewed by our editorial team.