Geojit was incorporated in the year 1987, and is one of the major stock brokers based in India. It is a cash equity and derivatives broker and deals with portfolio management services. Apart from this it offers mutual funds and life insurance.
Anandrathi was incorporated in the year 1994 and offers the services that include wealth management, investment banking, corporate advisory and brokerage.
Both of them are full service brokers.
While Geojit trades in BSE, NSE and MCX-SX, Anandrathi trades in NSE, BSE, MCX and NCDEX.
The charges for creating a trading account are Rs. 800 in Geojit and Rs. 750 in Anandrathi. Both of them do not charge anything for trading account AMC. The demat account opening is free in the case of Geojit while Anandrathi charges Rs. 300 for Anandrathi.
The equity delivery brokerage is 0.30% in Geojit, which is 0.5%-0.15% in the case of Anandrathi. And the equity intraday brokerage is 0.03% for Geojit while for Anandrathi it is 0.05% – 0.015%. Considering the investments options, it can be seen that commodity is available only with Anandrathi and not with Geojit. The customer’s services offered by them are almost similar except for the online live chat which is available only with Anandrathi and not BNP.
|Geojit BNP Paribas||AnandRathi|
|Basic Information||Type of Broker||Full Service Broker||Full Service Broker|
|Exchanges||BSE, NSE, MCX-SX||BSE, NSE, MCX, NCDEX and NSEL|
|Fees for Opening Trading Account||Rs. 800||Rs. 750|
|Annual Maintenance Charges of Trading Account||Nil||Nil|
|Fees for Opening Demat Account||Nil||Rs. 300|
|Annual Maintenance Charges of Demat Account||Rs. 350||Rs. 550|
|Brokerage Charges||Equity Delivery Charges||0.30%||0.5% to 0.15%|
|Equity Intraday Charges||0.03%||0.05% to 0.15%|
|Equity Future Charges||0.03%||0.05% to 0.15%|
|Equity Options Charges||Rs. 75 per lot||2% to 0.5% on premium or Rs. 75 to Rs. 20|
|Currency Futures Charges||Rs. 10 to Rs. 15 (vary as per contract)||0.05% to 0.15%|
|Currency Options Charges||Rs. 10 to Rs. 15 (vary as per contract)||2% to 0.5% on premium or Rs. 75 to Rs. 20|
|Commodity Charges||NA||0.008% to 0.05%|
|Minimum Brokerage Charges||Re. 0.01 per share or Rs. 20 per contract, whichever is higher||NA|
|Transaction Charges||Equity Delivery||0.00%||0.00%|
|Equity Futures||0.00%||For BSE: 0.0021% & for NSE: 0.0041%|
|Equity Options||0.055% on Premium||0.07% on Premium|
|Currency Options||0.0473% on Premium||0.07% on Premium|
|Acceptance of Orders After Trading Hours||Y||NA|
|Trading Platform||Flip Platinum||NA|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||Y||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||N||Y|
|Reports||Daily Market Report||Y||Y|
|Quarterly Analysis of Results||Y||Y|