Kotak security limited is a full services broker and is the part of the well known firm Kotak Mahindra bank. It is one of the largest traditional brokers and provides a plethora of investment options to its customers. Anandrathi was incorporated in 1994 and it offers advisory services that is inclusive of wealth management, brokerage, investment banking.
Both of them are full service brokers. While the first one has supported exchange in BSE, NSE, MCX-SX, MCX, NCDEX, the second one has the same in BSE, NSE, MCX, NCDEX and NSEL.
The two also differ in the account type, i.e., the prior has a fixed brokerage plan and the latter has a standard plan.
Anandrathi offers low bandwidth website thus making it feasible for the users having slow internet connection and also makes it possible for them to work on androids.
The equity delivery brokerage is 0.49% in Kotak’s case which is substantially higher than that of anandrathi which lies in the range of 0.5% – 0.15%.
Kotak securities have the facility of 3 in 1 account which is not there in Anandrathi. However, in the case of Kotak there is no facility of automated trading which is available in Anandrathi.
|Basic Information||Type of Broker||Full Service Broker||Full Service Broker|
|Exchanges||BSE, NSE, MCX, MCX-SX & NCDEX||BSE, NSE, MCX, NCDEX and NSEL|
|Fees for Opening Trading Account||Rs. 750||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. 600||Rs. 550|
|Brokerage Charges||Equity Delivery Charges||0.49%||0.5% to 0.15%|
|Equity Intraday Charges||0.05%||0.05% to 0.15%|
|Equity Future Charges||0.05%||0.05% to 0.15%|
|Equity Options Charges||Rs. 100||2% to 0.5% on premium or Rs. 75 to Rs. 20|
|Currency Futures Charges||NA||0.05% to 0.15%|
|Currency Options Charges||NA||2% to 0.5% on premium or Rs. 75 to Rs. 20|
|Commodity Charges||0.07%||0.008% to 0.05%|
|Minimum Brokerage Charges||Rs. 21 per executed order||NA|
|Transaction Charges||Equity Delivery||0.10%||0.00%|
|Equity Intraday||0.025% on selling ledger||0.00%|
|Equity Futures||0.01%||For BSE: 0.0021% & for NSE: 0.0041%|
|Equity Options||0.02%||0.07% on Premium|
|Currency Options||0.02%||0.07% on Premium|
|Acceptance of Orders After Trading Hours||Y||NA|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||Y||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||Y||Y|
|Reports||Daily Market Report||Y||Y|
|Quarterly Analysis of Results||NA||Y|