Charges at a glance
About Anand Rathi
Anand Rathi — formally Anand Rathi Share and Stock Brokers Limited — is the broking arm of the Anand Rathi Group, a full-service financial services house incorporated in 1994. It is registered with SEBI (Stock Broker Regn. No. INZ000170832) and is a depository participant with both NSDL and CDSL, and is a member of BSE (949), NSE (06769), MCX (56185) and NCDEX (1252) across equity, F&O, currency and commodity segments.
Like other full-service brokers, Anand Rathi charges a percentage-based brokerage: 0.20% on equity delivery, and 0.02% on intraday and futures, with flat per-lot pricing on options. Account opening is free, and the first year's demat AMC is waived; from the second year, AMC is ₹450 + GST, though a one-time lifetime-free AMC scheme is also available. Alongside broking, Anand Rathi offers in-house research and advisory, portfolio management (PMS), wealth management, mutual funds, IPOs and a large branch/franchise network — services typically absent at pure discount brokers.
Platforms
TradeMobi
Mobile trading app with live market data, stock screeners, IPO applications and up to 4x MTF (margin trading facility) for eligible stocks.
Trade X'press+
A web-based trading platform for a fuller desktop experience, with advanced charting, research modules and trading ideas built in.
Research & Advisory
In-house equity research, investment advisory and access to PMS and wealth management (via Anand Rathi Advisors) for investors who want managed options alongside self-directed trading.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | 0.20% | 0.02% per order | 0.02% per order | ₹50 per lot |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium); 0.15% of intrinsic value if exercised |
| Transaction charges | NSE 0.00297% / BSE 0.00375% | NSE 0.00297% / BSE 0.00375% | NSE 0.00183% / BSE 0% | NSE 0.03553% / BSE 0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |||
Currency
| Charge | Currency futures | Currency options |
|---|---|---|
| Brokerage | 0.02% per order | ₹25 per lot |
| Transaction charges | NSE 0.0009% | NSE 0.0009% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.0001% (buy side) | 0.0001% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Commodity
| Charge | Commodity futures | Commodity options |
|---|---|---|
| Brokerage | 0.02% per order | ₹250 per lot |
| STT/CTT | 0.01% on sell side (non-agri) | 0.05% on sell side |
| Transaction charges | MCX 0.0021% / NSE 0.0001% | MCX 0.0418% / NSE 0.001% |
| SEBI charges | Agri ₹1/crore, Non-agri ₹10/crore | ₹10 / crore |
| Stamp duty | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + SEBI charges + transaction charges) | |
Commodity options are charged at a flat ₹250 per lot across contracts, regardless of the underlying (gold, silver, crude, base metals, etc.).
Mutual funds
- Anand Rathi offers both direct and regular mutual fund plans through its ARINVEST app and Anand Rathi Online MF platform. Direct plans carry no separate broker commission; regular plans embed trail commission in the fund's expense ratio, as with any distributor.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account | free |
| HUF account | free |
| NRI account | Varies — confirm current NRI tariff with Anand Rathi |
Demat AMC (Annual Maintenance Charge)
Anand Rathi waives the demat AMC for the first year. From the second year onward, the standard AMC is ₹450 + GST per year, deducted from the account regardless of trading activity. A one-time Lifetime Free AMC scheme is also available for a ₹999 payment plus a refundable deposit of ₹3,000. The trading account itself carries no AMC.
Pros & cons
What users like
- Registered depository participant with both NSDL and CDSL, plus a wide product shelf — PMS, wealth management, IPOs, mutual funds and insurance alongside broking
- Free account opening, and the first year's demat AMC is free, with a one-time Lifetime Free AMC option available
- In-house research reports and advisory calls included, backed by a large branch and franchise network for hand-holding
- Long operating history (since 1994) with full-service infrastructure and up to 4x MTF on eligible stocks
What to watch for
- Percentage-based brokerage (0.20% on delivery) costs more than flat or zero-fee discount brokers on high-value trades
- Demat AMC steps up to ₹450 + GST from the second year unless you opt into the paid Lifetime Free AMC scheme upfront
- Non-POA clients pay a higher DP debit charge (₹25 per ISIN) than POA clients (₹15 per ISIN), and same-day pay-in instructions attract an extra ₹25 per scrip
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Read what customers say about Anand Rathi
Overall rating 3.0/5 based on 1 customer reviews — or share your own experience.