On comparing both Religare and Anand Rathi, the first thing you notice is that both are full service brokers. Religare was established in 1984 as part of Religare Enterprises and has been around longer than Anand Rathi which was established in 1994. Both are emerging brokerage firms. The exchanges BSE, NSE, MCX and NCDEX support both the firms while Anand Rathi is also supported by NSEL.
Religare charges Rs.500 to open a new trading account while Anand Rathi charges Rs.750 for the same. Both firms do not require trading account annual maintenance charges though Religare charges Rs.300 and Anand Rathi Rs.550 as annual maintenance charges of Demat accounts. Anand Rathi also charges Rs.300 as fees for opening a Demat account.
When it comes to brokerage charges, Religare charges slightly higher Equity Delivery, Intraday and Future charges but Anand Rathi charges slightly higher Equity Option Charges, Currency Futures and Currency Options charges. Under transaction charges, Religare requires lower charges on Equity Options and Currency Options at 0.06% per Premium while it is 0.07% per Premium for Anand Rathi.
The currency futures of Religare have a 0.05% turnover as compared to the 0.03% turnover of the currency futures of Anand Rathi.
|Basic Information||Type of Broker||Full Service Broker||Full Service Broker|
|Exchanges||BSE, NSE, MCX & NCDEX||BSE, NSE, MCX, NCDEX and NSEL|
|Fees for Opening Trading Account||Rs. 500||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. 300||Rs. 550|
|Brokerage Charges||Equity Delivery Charges||0.50%||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. 70 per lot||2% to 0.5% on premium or Rs. 75 to Rs. 20|
|Currency Futures Charges||0.05%||0.05% to 0.15%|
|Currency Options Charges||Rs. 30 per lot||2% to 0.5% on premium or Rs. 75 to Rs. 20|
|Commodity Charges||0.05%||0.008% to 0.05%|
|Minimum Brokerage Charges||Re. 0.01 per share||NA|
|Transaction Charges||Equity Delivery||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 Options||0.06% on Premium||0.07% on Premium|
|Acceptance of Orders After Trading Hours||Y||NA|
|Trading Platform||Odin Diet||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|