5Paisa VS Anand Rathi: A Relative Study
5PAISA is a discount broker organization listed under NSE, BSE & MCX. It offers flat 10 Rupees brokerage charge for all available segments. It is a registered depository participant of CDSL. Whereas, Anand Rathi Shares & Stock Broking Ltd is a full-service broking organization. It is listed under BSE, NSE, MCX, NCDEX, USE, CDSL & NSDL.
Importance:
5Paisa:
- It provides all the facilities like full-service brokers at a discounted price.
- Famed for lowest brokerage charge in India
- The facility of margin funding available @18% interest per annum.
- Paperless account opening facility enables instant account opening only with an Aadhaar Card
- Charges for Call & trade are higher than other organisations.
Anand Rathi:
- Provides quality research data to their customers
- Anand Rathi offers multiple trading platform options to its investors.
- They have a huge network of branches and sub-brokers all over India.
- They have hidden brokerage charges and minimum brokerage charge
- Lacking Customer support toll-free number, email support & live chat support.
Contrasts: Facilities & Rating:
Assessing 5 Paisa & Anand Rathi based on customer review we get to know the below-mentioned information:
| Particulars | 5paisa (Rating out of 5) | Anand Rathi (Rating out of 5) |
| Organizational Review | 4 | 3 |
| Review on Brokerage | 4 | 3 |
| Review in Trading Platform | 4 | 3 |
| Review in terms of Investment offerings | 4 | 3 |
| Review in terms of Customer satisfaction | 4 | 3 |
| Broker Classification | Discount Broker | All-service Broker |
| Enlisted under | BSE, NSE | NSE, BSE, MCX, NCDEX & NSEL |
Contrasts: Account Opening & Maintenance Charges:
Both 5paisa & Anand Rathi provides Trading & DEMAT A/c. We can summed up the related information as here under:
| Particulars | 5paisa | Anand Rathi |
| Opening Fees for Trading Account | Rs. 650/- (Free Now Promotion Offer) | Rs. 750/- |
| Trading AMC | Free | Free |
| DEMAT Account Opening Fees | Free | Rs. 300/- |
| DEMAT AMC | Rs. 45/- per month if Trade, else Zero | Rs. 550/- p.a. |
| Provide DP Service | YES | YES |
Contrasts: Brokerage Plan:
Here we have compared 5Paisa & Anand Rathi’s brokerage plans as here under:
| Particulars | 5paisa | Anand Rathi |
| Multiple Plans | X | X |
| Monthly Plans | X | X |
| Yearly Plans | X | X |
Contrasts: Brokerage Charges:
5Paisa provides brokerage plan worth a flat fee of INR. 10/order. Whereas, Anand Rathi offers a % based plan to its customers. Both 5Paisa & Anand Rathi don’t have a fixed/ minimum brokerage fee.
| Particulars | 5paisa | Anand Rathi |
| Name of the plan | Fee Rs. 10 Trading Plan | Classic Trading Plan (% Based) |
| Equity of Delivery charges | Rs. 10 | 0.5% or Rs. 0.5 |
| Equity of Intraday charges | Rs. 10 | 0.05% – 0.015% |
| Equity Futures | Rs. 10 | 0.05% or Rs. 0.05 |
| Equity Options facility | Rs. 10 | 0.5% of Premium or Rs. 20 per lot whichever is high |
| Currency Futures charges | Rs. 10 | 0.05% or 5 paisa |
| Currency Options charges | Rs. 10 | 0.5% of Premium or Rs. 20 per lot whichever is high |
| Commodity Trading charges | Rs. 10 | 0.05% or Rs. 0.05 |
| Minimum Brokerage charges | NA | NIL |
| Hidden Charges | No | No information available |
| Funding facility | Available – 18% interest PA | No information available |
| Call & Trade Charges | Rs. 100 per call (No limit of orders) | No information available |
Contrasts: Charges for Transaction:
We have assessed 5Paisa & Anand Rathi based on their Transaction charges:
| Particulars | 5paisa | Anand Rathi |
| Delivery of Equity | 325 Rupees Per Cr | 350 Rupees Per Cr |
| Intraday of Equity | 325 Rupees Per Cr | 350 Rupees Per Cr |
| Futures of Equity | 190 Rupees Per Cr | 200 Rupees Per Cr |
| Options of Equity | 5000 Rupees Per Cr | 6000 Rupees Per Cr |
| Futures of Currency | 110 Rupees Per Cr | 120 Rupees Per Cr |
| Options of Currency | 4000 Rupees Per Cr | 4200 Rupees Per Cr |
| Commodity | Not applicable | Non-Agri: 360 Rupees Per Cr Agri: 275 Rupees Per Cr |
Contrasts: Account Specification:
Both 5Paisa & Anand Rathi offers multiple account features to their customers. Below we have compared them:
| Particulars | 5paisa | Anand Rathi |
| 3 in 1 Account facility | X | X |
| Charting service | √ | √ |
| Algo Trading facility | √ | √ |
| SMS Alerts service | √ | √ |
| Online Demo facility | √ | √ |
| Online Portfolio facility | X | √ |
| Margin Trading Funding Available | √ | √ |
| Combined Ledger for Equity and Commodity | √ | √ |
| Intraday Square-off Time | 3:15 PM | 3:15PM |
| NRI Trading | X | √ |
Contrasts: Platform for Trading:
Both 5Paisa & Anand Rathi provides trading platforms both online & offline. Below we have mentioned the details:
| Particulars | 5paisa | Anand Rathi |
| Desktop Trading Platform | 5paisaTradeStation | OMNESYS NEST – Trade X Pro |
| Desktop Platform (Windows) | √ | √ |
| Desktop Platform (Mac) | X | X |
| Web Trading Platform | √ | √ |
| Web Trading Detail | https://www.5paisa.com/online-trading | https://www.anandrathi.com/Otn/Login/indexauth.jsp |
| Mobile Site | √ | √ |
| Mobile Trading | √ | √ |
| Mobile Trading App | 5paisa Mobile App | Trade Mobi |
| Android Mobile App | √ | √ |
| iPhone Mobile App (IOS) | √ | √ |
| Android Tablet App | √ | √ |
| iPad App (IOS) | √ | √ |
| Trading Software Charges | Free | Info Not Available |
Contrasts: Offers for Investment:
Investment offerings facilities can be compared as below:
| Particulars | 5paisa | Anand Rathi |
| Equity Cash and F&O | √ | √ |
| Currency Derivatives | √ | √ |
| Commodity | √ | √ |
| Online IPO Application | X | X |
| Mutual Funds | √ | √ |
| Bond / NCD | √ | √ |
| ETF | √ | √ |
| Banking | X | X |
| Insurance | √ | √ |
| FOREX | X | X |
| MF SIP Investment | √ | √ |
| Equity SIP Investment | X | X |
| PMS Service | X | X |
Contrasts: DEMAT A/c:
DEMAT A/c features can be classified as below:
| Particulars | 5paisa | Anand Rathi |
| DP Source | CDSL | CDSL |
| DP ID | 82500 | No |
| DEMAT Account Annual Maintenance Charges(AMC) | Monthly Plan – INR. 45 (In case of any transaction in a month) | INR. 450 pa (Second year onwards) |
| Advance Deposit | NIL | NIL |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.025% or INR. 25 whichever is higher + CDSL charges | INR.15 + INR. 5.50 CDSL charges |
| DEMAT | INR. 15 per certificate | INR. 3 per certificate + INR. 35 courier charges |
| REMAT | INR. 15 for every hundred securities or INR. 15 per certificate whichever is higher | INR. 15 for every hundred securities or INR. 15 per certificate (whichever is higher) |
| Pledge Creation | INR. 50 | 0.01% of the value (Min INR. 50) + CDSL charges |
| Pledge Creation Confirmation | NIL | Nil |
| Pledge Closure | NIL | 0.01% of the value (Min INR. 50) + CDSL charges |
| Pledge Closure Confirmation | NIL | 0.01% of the value (Min INR. 50) + CDSL charges |
| Pledge Invocation | NIL | 0.01% of the value (Min INR. 50) + CDSL charges |
| Failed Instruction Charges | Nil | INR. 25 |
| Other Charges | Nil | Nil |
Contrasts: Customer Support:
Here are the assessment & details of 5Paisa vs. Anand Rathi regarding customer assistance:
| Particulars | 5paisa | Anand Rathi |
| 24/7 Customer Service | X | X |
| Email Support | √ | √ |
| Online Live Chat | X | √ |
| Phone Support | √ | √ |
| Toll-Free Number | X | √ |
| Through Branches | X | √ |
| Customer Care Number | “+91 89766-89766” | Info Not Available |
| Account Opening Process | Online/Paperless | Info Not Available |
| Customer Support Email | [email protected] | Info Not Available |
| Knowledge Center/Education | www.5paisa.com/knowledge-centre | Info Not Available |
| Head Office Address | 5paisa headquaters Sun Infotech Park, Road No. 16V, Plot No.B-23 Thane Industrial Area, Wagle Estate, Thane – 400604 | Info Not Available |
| Website | www.5paisa.com | Info Not Available |
End-Note:
In this above article, we have drawn a comparative picture of 5Paisa & Anand Rathi. Both the organization are quite similar in terms of their offering, facilities, and network. But for an individual investor, it is suggested that to go through every small detail of the broker where you are interested to invest.
