Religare vs India Infoline – Point by Point Comparison

While comparing Religare with IIFL for your online share trading, first point to be noted is that Religare is a full service broker with presence across India through branches and franchisee while IIFL is an Online Discount broker. Religare offers value-add services like Fundamental and Technical Research reports along with RM assistance which you should not expect with IIFL. However, IIFL offers SIP (n Equity Systematic Investment Plan) that allows the customers to place ordered buying for a pre-determined quantity or a pre- determined amount or a script at the regular interval of time. The pricing is a big differentiation as against 0.01% to 0.05% brokerage from Religare, IIFL charges 0.05% or Rs. 0.05 per share which is by far lower rates. This difference can also be noted in the rates for opening trading account as for Religare it is Rs.500 whereas for IIFL is Rs.750 .Religare offers acceptance of order after trading hours whereas such is not the case with IIFL. The currency options for Religare are 0.06% on premium but for IIFL it is 0.051% on premium

Religare India Infoline
Basic Information Type of Broker Full Service Broker Full Service Broker
Fees for Opening Trading Account Rs. 500 Rs. 750
Annual Maintenance Charges of Trading Account Nil NA
Fees for Opening Demat Account Nil Rs. 555
Annual Maintenance Charges of Demat Account Rs. 300 Rs. 300
Brokerage Charges Equity Delivery Charges 0.50% 0.50%
Equity Intraday Charges 0.05% 0.05%
Equity Future Charges 0.05% 0.05%
Equity Options Charges Rs. 70 per lot Rs. 100 per lot or 1% on premium, whichever is higher
Currency Futures Charges 0.05% 0.05%
Currency Options Charges Rs. 30 per lot Rs. 100 per lot or 1% on premium, whichever is higher
Commodity Charges 0.05% 0.05%
Minimum Brokerage Charges Re. 0.01 per share Rs. 0.05 per share
Transaction Charges Equity Delivery 0.00% 0.00%
Equity Intraday 0.00% 0.00%
Equity Futures 0.00% 0.00%
Equity Options 0.06% on Premium 0.051% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.06% on Premium 0.051% on Premium
Commodity 0.00% 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y NA
SMS Alerts Y Y
Online Demo Y Y
Online Portfolio Y Y
Trading Platform Odin Diet Trader Terminal
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
Bond/ NCD Y NA
Customer Support 24/7 Customer Support N N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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