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Zerodha Vs Anand Rathi – Which one is better? Side-by-side Comparison

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Zerodha Vs Anand Rathi – Comparison:

Assessing Zerodha vs Anand Rathi in terms of all product-wise details which are essential for every investor we get the detailed study.  In this comparative assessment, we focused on the advantages and disadvantages of both the broker for the knowledge of investors.

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.

Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices. 

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.

Notable Features: 

Zerodha: 

  1. Offers direct mutual fund investment using their portal for free. 
  2. In association with IDFC, it provides 3-in-1 account facilities. 
  3. The trading terminal is best among all the other market competitors.
  4. It provides the best quality of customer support.
  5. Facilitate free fund transfer using UPI.
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Anand Rathi: 

  1. Provides quality research data to their customers
  2. Anand Rathi offers multiple trading platform options to its investors. 
  3. They have a huge network of branches and sub-brokers all over India. 
  4. They have hidden brokerage charges and minimum brokerage charge
  5. Lacking Customer support toll-free number, email support & live chat support. 
Zerodha Vs Anand Rathi
Zerodha Vs Anand Rathi

Zerodha Vs Anand Rathi Overall Company Details

Comparing Zerodha vs Anand Rathi based on overall customer service we derived the below-mentioned details.

Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.

OverviewZerodhaAnand Rathi
Organization TypePrivatePrivate
Broker CategoryDiscount BrokerFull-Service Broker
Head OfficeBangalore, IndiaMumbai, India
Founded ByNithin KamathAnand Rathi &
Pradeep Gupta
Commencement Year20101994

Comparison on Customer Ratings:

Comparing Zerodha vs Anand Rathi based on Customer Ratings we get this information.

Here we can see that regarding experience & research work, Anand Rathi is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.

Customer RatingsZerodhaAnand Rathi
On Experience5.7 out of 106.8 out of 10
On Products & Services8.5 out of 106.3 out of 10
On Brokerage Charges & Fees9.5 out of 107.1 out of 10
On Stock Research & Advisory4.0 out of 107.2 out of 10
On Trading Platforms9.0 out of 106.5 out of 10
On Overall Ratings7.4 out of 106.8 out of 10
On Star Ratings★★★★★★★★☆☆

Zerodha and Anand Rathi AOC & AMC: 

Here we have compared Zerodha vs Anand Rathi based on account opening charge & account maintenance charge. Here we can see from the below contrast that Zerodha offers free AMC on the trading account.

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Also, Zerodha provides zero margin money criteria which are chargeable in the case of Anand Rathi. Anand Rathi has zero account opening fees and free trading AMC. 

Demat ServicesZerodhaAnand Rathi
Depository ParticipantCDSLCDSL
Charges for Account Opening Rs.300Rs.750
AMC of DematRs.300 per AnnumRs.300 per Annum
AMC of TradingFreeFree
Marginal MoneyZeroRs.25,000
Offline to OnlineNoNo

Zerodha Vs Anand Rathi Brokerage Charge:

Contrasting Zerodha vs Anand Rathi based on Brokerage Charge we get the below details. Here we can see that Anand Rathi offers a percentage based brokerage charge structure.

While Zerodha has a very economical flat fee-based brokerage charge. Anand Rathi charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha. 

Brokerage Charge & FeesZerodha BrokerageAnand Rathi Brokerage
Equity Delivery TradingZero0.15% – 0.50%
Equity Intraday TradingRs.200.015% – 0.050%
Commodity Options TradingRs.200.008% – 0.050%
Equity Futures TradingRs.200.015% – 0.050%
Equity Options TradingRs.20 per LotRs.20 – Rs.75 per lot
Currency Futures TradingRs.200.015% – 0.050%
Currency Options TradingRs.20 per LotRs.20 – Rs.75 per lot
Minimum BrokerageZeroAs per Transaction
Demat AMC ChargesRs.300 per AnnumRs.300 per annum
Trading AMC ChargesFreeFree
Margin MoneyZeroRs.25,000

Comparison on Administrative Charge: 

In terms of Administrative transactional charge, we here compared Zerodha vs Anand Rathi as below. We can see that both the broker share a similar charge structure. 

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Other ChargesZerodhaAnand Rathi
Transaction Charges0.00325% of Total Turnover0.00350% of Total Turnover
STT0.0126% of Total Turnover0.0126% of Total Turnover
SEBI Turnover Charges0.0002% of Total Turnover0.0002% of Total Turnover
Stamp DutyDepends on State (very minimal)Depends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)18% of (Brokerage + Transaction Charges)

Zerodha and Anand Rathi Offers: 

Contrasting Zerodha and Anand Rathi we get the below comparison on offers. We here can see that in terms of offers Anand Rathi is a step ahead of Zerodha for offering more offers.

OffersZerodhaAnand Rathi
Free Demat Account
Free Trading Account
Discount on Brokerage
Trading Happy Hours
Flexible Brokerage Plans
1 Month Brokerage Free
Holiday Offers
Referral Offers
Zero Brokerage for Loss Making Trades

Comparison on Services Offered: 

Comparing Zerodha vs Anand Rathi based on their service offering we derived the below comparison:

ServicesZerodhaAnand Rathi
Demat Services
Trading Services
3 in 1 Account
Intraday Services
IPO Services
Stock Recommendations
Robo Advisory
PMS
Trading Institution
Trading ExposureMaximum 28xMaximum 21x

Zerodha Vs Anand Rathi Research & Advisory: 

Contrasting Zerodha vs Anand Rathi based on their research & advisory offering we received the below comparison.

Here we can see in the below table that Anand Rathi offers all kinds of advisory supports, where Zerodha doesn’t provide any.

Research & AdvisoryZerodhaAnand Rathi
Fundamental Reports
Research Reports
Company Reports
Annual Reports
Company Stock Review
Free Stock Tips
IPO Reports
Top Picks
Daily Market Review
Monthly Reports
Weekly Reports
Offline Advisory
Relationship Manager

Zerodha Vs Anand Rathi Margin/ Exposure/ Leverage 

Considering Zerodha vs Anand Rathi based on product-wise leverage we get the below details. 

Exposure / LeverageZerodha MarginAnand Rathi Margin
Equity DeliveryMaximum 20xMaximum 14x
Equity IntradayMaximum 28xMaximum 21x
Equity FuturesMaximum 15xMaximum 12x
Equity OptionsMaximum 8xMaximum 15x
Currency FuturesMaximum 12xMaximum 5x
Currency OptionsMaximum 8xMaximum 8x
CommoditiesMaximum 17xMaximum 14x

Comparison of Products: 

Assessing Zerodha vs Anand Rathi based on their product offering we derived the below comparison. We can see in this below comparison that Anand Rathi offered to trade in Mutual funds & SIP which Zerodha doesn’t. 

ProductsZerodhaAnand Rathi
Equity Trading
Commodity Trading
Currency Trading
Options
Futures
Mutual Funds
Forex
Banking
SIP
Insurance

Zerodha Vs Anand Rathi Trading Platforms: 

Because of the trading terminal offering of Zerodha vs Anand Rathi, we compared them as below:

Trading PlatformsZerodha Trading
Platforms
Anand Rathi
Trading Platforms
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
Real time Updates
Portfolio Details
Online MF Buy
News Flash
Research Reports
Easy Installation
Global Indices
Stock Tips
Personalized Advisory
Interactive Charts
Live Markets
SMS Alerts
Email Alerts
Multi Account Management

Zerodha or Anand Rathi Customer Support: 

Comparing customer assistance, we here have compared Zerodha or Anand Rathi as below. We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker).

While Anand Rathi doesn’t facilitate offline trading & chat support. 

Customer SupportZerodhaAnand Rathi
Dedicated Dealer
Offline Trading
Online Trading
24*7 Support
Support Number080-404020201800 200 1002
Email Support
Chat Support
Toll Free Number1800 200 1002
BranchesZero120
Anand Rathi Demat Account
Zerodha Vs Anand Rathi – Anand Rathi Demat Account

Comparison of Grievances: 

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 Zerodha vs Anand Rathi based on their customer complaint handling in the below table.

Complaints (Current Year)ZerodhaAnand Rathi
Lodged in BSE120152
Resolvd in BSE117124
Lodged in NSE89112
Resolved in NSE8586

Zerodha Call Back Request

Conclusion:

Finally, we can conclude that Anand Rathi (full-service broker) has a huge offering for its customers just like its market reputation. But Zerodha (discount broker) offers lower charges to its customers.

Still, it should be kept in mind that individual investors should opt the broker between Zerodha and Anand Rathi as per his need only.

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