My Value Trade vs AnandRathi – Point by Point Comparison

The fee for opening a trading account with AnandRathi is Rs 750 where as My Value Trade takes no such fees for the same service. My Value Trade provides for a Discount Broker whereas AnandRathi offers for a Full Service Broker. The brokerage charges such as equity delivery, intraday and future charges are same when it comes for My Value Trade, whereas, AnandRathi’s brokerage charges varies in the form of percentage. My Value Trade does not provide for investment services such IPO, mutual funds, bonds and debt but the same services are provided by AnandRathi. Online live chat and branch support is given by AnandRathi to their customers but no such features are provided by My Value Trade. AnandRathi also prepares a daily market report and quarterly analysis of results which can be very beneficial to the customers; these reports are not provided by My Value Trade.

My Value Trade AnandRathi
Basic Information Type of Broker Discount Broker Full Service Broker
Fees for Opening Trading Account Nil Rs. 750
Annual Maintenance Charges of Trading Account Nil Nil
Fees for Opening Demat Account Rs. 555 Rs. 300
Annual Maintenance Charges of Demat Account Rs. 400 Rs. 550
Brokerage Charges Equity Delivery Charges Rs. 10 0.5% to 0.15%
Equity Intraday Charges Rs. 10 0.05% to 0.15%
Equity Future Charges Rs. 10 0.05% to 0.15%
Equity Options Charges Rs. 10 2% to 0.5% on premium or Rs. 75 to Rs. 20
Currency Futures Charges Rs. 10 0.05% to 0.15%
Currency Options Charges Rs. 10 2% to 0.5% on premium or Rs. 75 to Rs. 20
Commodity Charges Rs. 10 0.008% to 0.05%
Minimum Brokerage Charges Nil NA
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% For BSE: 0.0021% & for NSE: 0.0041%
Equity Options 0.06% on Premium 0.07% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.042% on Premium 0.07% on Premium
Commodity 0.0025% (Non-Agri) 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y NA
SMS Alerts N Y
Online Demo Y Y
Online Portfolio N Y
Trading Platform MVT Trader NA
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) N Y
Mutual Funds N Y
Debt N Y
Bond/ NCD N Y
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support N Y
Reports Daily  Market Report N Y
Quarterly Analysis of Results N Y

Like this Article? Subscribe to Our Feed!

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Out Best Brokerage Deals