Upstox vs Anand Rathi – Comparison
Comparing Upstox vs Anand Rathi in terms of all product-wise details is required for every investor who wants to invest through this organization. In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.
Discount brokerage firm Upstox has been established in 2009 at Mumbai. Formerly it was known as RKSV Securities. This organization is known for its range of trading platform offerings and a wide range of products and services.
Whereas, Anand Rathi Shares & Stock Broking Ltd is a full-service brokering organization. It is listed under BSE, NSE, MCX, NCDEX, USE, and CDSL & NSDL.
- Zero brokerage fee on equity delivery trading
- Flat fee-based brokerage fee structure.
- Trading Account AMC is free of cost.
- Don’t trade in the commodity, mutual funds, forex, SIP & insurance.
- Margin Money not required.
- 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.
Upstox Vs Anand Rathi Overview:
In terms of organizational overview, we here have compared Upstox vs Anand Rathi based on company type, broker category, establishment year, founder, etc.
|Broker Category||Discount Broker||Full-Service Broker|
|Head Office||Mumbai, India||Mumbai, India|
|Founded By||Raghu Kumar, |
Ravi Kumar &
|Anand Rathi & |
Upstox Vs Anand Rathi Customer Ratings:
Considering the customer ratings we have compared Upstox and Anand Rathi as here below. We can derive from the below table that Upstox is backward in terms of experience and research reporting.
Whereas in remaining fields like products-services and charges Anand Rathi is lacking the points.
|Customer Ratings||Upstox||Anand Rathi|
|Products & Services||6.5/10||6.3/10|
|Brokerage Charges & Fees||9.5/10||7.1/10|
|Stock Research & Advisory||3.0/10||7.2/10|
Comparison on AOC & AMC:
Comparing Upstox and Anand Rathi based on AOC & AMC we get the below details. Here we can see that trading AMC is free at both Upstox & Anand Rathi. Whereas, the remaining like account opening charge, DEMAT AMC is chargeable.
|DEMAT Services||Upstox||Anand Rathi|
|Account Opening Charges||Rs.150||Rs.750|
|DEMAT AMC Charges||Rs.150 per Annum||Rs.300 per Annum|
|Trading AMC Charges||Free||Free|
|Offline to Online||No||No|
Upstox Vs Anand Rathi Brokerage Charges:
Upstox & Anand Rathi are hereby compared based on their brokerage fee structure. Anand Rathi offers a percentage-based brokerage charge structure & minimum brokerage charge to their customer.
Whereas, Upstox charges a flat fee-based brokerage fee & minimum brokerage charge.
|Brokerage Charge & Fees||Upstox Brokerage||Anand Rathi Brokerage|
|Equity Delivery Trading||Zero||0.15% – 0.50%|
|Equity Intraday Trading||Rs.20||0.015% – 0.050%|
|Commodity Options Trading||Rs.20||0.008% – 0.050%|
|Equity Futures Trading||Rs.20||0.015% – 0.050%|
|Equity Options Trading||Rs.20 per lot||Rs.20 – Rs.75 per lot|
|Currency Futures Trading||Rs.20||0.015% – 0.050%|
|Currency Options Trading||Rs.20 per lot||Rs.20 – Rs.75 per lot|
|Minimum Brokerage||Rs.20||As per Transaction|
|DEMAT AMC Charges||Rs.150 per annum||Rs.300 per annum|
|Trading AMC Charges||Free||Free|
Comparison of Other Charges:
Comparing Upstox vs Anand Rathi based on other charges we get this below-mentioned information.
Here we can see that charges of Upstox & Anand Rathi are similar except transaction charge criteria. In terms of transaction charges, Upstox charges lesser charges than Anand Rathi.
|Other Charges||Upstox||Anand Rathi|
|Transaction Charges||0.00275% of Total Turnover||0.00350% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)||18% of (Brokerage + Transaction Charges)|
Comparison of Offers & Discount:
Considering the offers and discount we have compared Upstox and Anand Rathi as below:
|Free DEMAT Account||✖||✖|
|Free Trading Account||✔||✖|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✖||✔|
|1 Month Brokerage Free||✖||✖|
|Zero Brokerage for|
Loss Making Trades
Comparison on Services Offered:
Based on service offering we can compare Upstox vs Anand Rathi as below. The service offering of Anand Rathi is more than Upstox.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 20x||Maximum 21x|
Upstox Vs Anand Rathi Research & Advisory:
We here have compared Upstox vs Anand Rathi based on the research and advisory support. It is clear from the below table that Upstox doesn’t offer such support whereas Anand Rathi offers enough reports to their customer.
|Research & Advisory||Upstox||Anand Rathi|
|Company Stock Review||✖||✔|
|Free Stock Tips||✖||✖|
|Daily Market Review||✖||✔|
Upstox Vs Anand Rathi Margin/ Exposure/ Leverage
Considering Upstox & Anand Rathi based on leverages we received the below-mentioned information. These rates also can influence your trading revenue and all-over trading experience.
|Exposure / Leverage||Upstox Margin||Anand Rathi Margin|
|Equity Delivery||Maximum 5x||Maximum 14x|
|Equity Intraday||Maximum 20x||Maximum 21x|
|Equity Futures||Maximum 7x||Maximum 12x|
|Equity Options||Maximum 8x||Maximum 15x|
|Currency Futures||Maximum 5x||Maximum 5x|
|Currency Options||Maximum 6x||Maximum 8x|
|Commodities||Maximum 7x||Maximum 14x|
Comparison on Products Offering:
In light of product offering, we get this below information comparing Upstox vs Anand Rathi. We can see in the below table that the product offering of Anand Rathi is higher than the offering of Upstox.
Upstox Vs Anand Rathi Trading Platform:
The trading platform is a very noteworthy point for investors to consider. In this age of digitization, investors used to invest online as per their convenient time and appliance.
Upstox & Anand Rathi both facilitate different trading terminals to attract the customer. Here we have compared the above both brokers.
|Trading Platforms||Upstox||Anand Rathi|
|Desktop Platform – Windows||✔||✔|
|Desktop Platform – Mac||✔||✔|
|Desktop Browser Platform||✔||✔|
|Mobile Site Platform||✔||✔|
|Android App Platform||✔||✔|
|iOS App Platform||✔||✔|
|Windows App Platform||✖||✖|
|Other Mobile OS Platform||✖||✖|
|Online MF Buy||✔||✔|
Upstox Vs Anand Rathi Customer Support:
Comparing Upstox vs Anand Rathi based on customer support we derived this below information.
Here we can see that personal dealer, online trading, email support & offline trading is available in Anand Rathi but Upstox only offers online trading & email support.
|Customer Support||Upstox||Anand Rathi|
|Support Number||022 – 6130 9999||1800 200 1002|
|Toll-Free Number||✖||1800 200 1002|
Comparison of Grievances Handled:
Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Upstox vs Anand Rathi based on their customer complaint handling in the below table.
|Complaints (Current Year)||Upstox||Anand Rathi|
|Lodged in BSE||185||152|
|Resolved in BSE||126||124|
|Lodged in NSE||175||112|
|Resolved in NSE||139||86|
Finally, we can conclude that both Upstox and Anand Rathi are famous in the stockbroking market but both have their benefit as well as limitations.
Hence it is uncontrollable to consider one good and other one bad. The trader should select the broker keeping in mind his personal preference and requirements.