Anand Rathi vs Dhan – Compare Charges, Trading Features, Offers & More

Overview — Anand Rathi vs. Dhan

Anand Rathi is listed as a Public Discount Broker established in 1994 with headquarters in Mumbai and founded by Anand Rathi. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. It follows a Standard Plan brokerage structure.

Dhan is listed as a Private Discount Broker established in 2018 with headquarters in Mumbai and founded by Pravin Jadhav. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access and web trading and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. Its brokerage model is structured as Standard Plan.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — Anand Rathi vs. Dhan

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Anand Rathi and Dhan.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Anand Rathi charges 0.30% of Transaction Value while Dhan charges Free.

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Anand Rathi charges 0.30% of Transaction Value while Dhan charges Rs.20 per Trade or 0.03% (Whichever is Low).

Equity futures: This charge applies to futures contracts on stocks and indices. Anand Rathi charges 0.30% of Transaction Value while Dhan charges Rs.20 per Trade or 0.03% (Whichever is Low).

Equity options: This charge applies to equity option contracts. Anand Rathi charges Rs.50 per Lot while Dhan charges Rs.20 per Trade.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Anand Rathi charges 0.03% of Transaction Value while Dhan charges Rs.20 per Trade or 0.03% (Whichever is Low).

Commodity options: This charge applies to option contracts on commodity instruments. Anand Rathi charges Rs.25 per Lot while Dhan charges Rs.20 per Trade.

Currency futures: This charge allows participation in forex price movements on the exchange. Anand Rathi charges 0.03% of Transaction Value while Dhan charges Rs.20 per Trade or 0.03% (Whichever is Low).

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Anand Rathi charges Rs.25 per Lot while Dhan charges Rs.20 per Trade.

Trading platforms comparison — Anand Rathi vs. Dhan

Anand Rathi provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. Dhan provides mobile app access and web trading for its users.

• Android app: Anand Rathi and Dhan both list an Android trading app.

• iOS app: Anand Rathi and Dhan both list an iOS trading app.

• Web trading platform: Anand Rathi and Dhan both list a web trading platform.

• Desktop trading terminal: Anand Rathi lists a desktop trading terminal, while Dhan does not currently mention it.

• Algo trading: Anand Rathi lists algo trading support, while Dhan does not currently mention it.

• Basket trading: Dhan lists basket trading, while Anand Rathi does not currently mention it.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: Anand Rathi and Dhan both list a mutual fund investment platform.

• Digital gold platform: Neither broker currently highlights digital gold investing.

• Bonds platform: Neither broker currently highlights a bonds investment platform.

Anand Rathi vs. Dhan — Comparison of trading features

Anand Rathi highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips, while Dhan promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Anand Rathi and Dhan offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Anand Rathi and Dhan offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Anand Rathi and Dhan offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Anand Rathi and Dhan offer this feature.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Anand Rathi offers this; Dhan does not currently highlight it.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Anand Rathi offers this; Dhan does not currently highlight it.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Anand Rathi and Dhan offer this feature.

• Live market: Live updates on market movements and trends. Both Anand Rathi and Dhan offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Anand Rathi offers this; Dhan does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both Anand Rathi and Dhan offer this feature.

Anand Rathi vs. Dhan — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Anand Rathi and Dhan.

• Free account opening: Anand Rathi and Dhan both list free account opening.

• Free AMC: Anand Rathi and Dhan both list free Demat AMC.

• Free brokerage: Dhan lists free brokerage, while Anand Rathi does not currently mention it.

• Flat brokerage: Anand Rathi and Dhan both list flat brokerage pricing.

• Flexible brokerage plans: Anand Rathi lists flexible brokerage plans, while Dhan does not currently mention it.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Dhan lists free delivery trading, while Anand Rathi does not currently mention it.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: Anand Rathi lists free research reports, while Dhan does not currently mention it.

• Free trading calls: Anand Rathi lists free trading calls, while Dhan does not currently mention it.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: Anand Rathi offers Rs.250 per Client while Dhan offers 20% of Revenue for referrals.

Offered products comparison — Dhan vs. Anand Rathi

Product availability determines whether a broker can support your preferred markets. Anand Rathi highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Dhan highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, foreign stocks, mutual funds, insurance, corporate bonds and government bonds.

• Demat services: Anand Rathi and Dhan both list Demat services.

• Trading services: Anand Rathi and Dhan both list trading services.

• Intraday services: Anand Rathi and Dhan both list intraday trading services.

• F&O services: Anand Rathi and Dhan both list F&O services.

• IPO services: Anand Rathi and Dhan both list IPO services.

• 3-in-1 account: Neither broker currently highlights 3-in-1 account support.

• Stock research: Anand Rathi lists stock research, while Dhan does not currently mention it.

• Stock recommendations: Anand Rathi lists stock recommendations, while Dhan does not currently mention it.

• Trading education: Neither broker currently highlights trading education.

• Share pledging: Anand Rathi lists share pledging, while Dhan does not currently mention it.

• PMS or PCG: Anand Rathi lists PMS or PCG support, while Dhan does not currently mention it.

• NRI services: Anand Rathi lists NRI services, while Dhan does not currently mention it.

Offered services comparison — Anand Rathi vs. Dhan

Anand Rathi provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Dhan offers Demat services, trading services, intraday trading, F&O trading and IPO access.

Stock advisory service comparison — Anand Rathi vs. Dhan

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Anand Rathi and Dhan.

Exposure comparison — Anand Rathi vs. Dhan

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Anand Rathi and Dhan across different segments.

Comparison of programs — Anand Rathi vs. Dhan

Anand Rathi and Dhan both list a sub-broker program. Anand Rathi and Dhan both list a partner program. Anand Rathi and Dhan both list a referral program.

Customer support comparison — Anand Rathi vs. Dhan

Anand Rathi provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Dhan provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Anand Rathi operates Available branches.

Ratings — Anand Rathi vs. Dhan

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Anand Rathi carries an overall rating of 7.90 / 10, while Dhan carries an overall rating of 7.26 / 10.

Complaints — Anand Rathi vs. Dhan

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — Anand Rathi vs. Dhan

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Anand Rathi and Dhan.

Pledge charges comparison — Anand Rathi vs. Dhan

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — Anand Rathi vs. Dhan

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Anand Rathi vs Dhan

Anand Rathi lists account opening charges of Free and Demat AMC of Rs.450 per Year (1st Year Free). Dhan lists account opening charges of Free and Demat AMC of Free.

Anand Rathi vs Dhan — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — Anand Rathi and Dhan

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

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