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

Overview — Anand Rathi vs. HDFC SKY

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.

HDFC SKY is listed as a Private Discount Broker established in 2023 with headquarters in Mumbai and founded by Dhiraj Relli. 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, research reports and global indices tracking. Its brokerage model is structured as Standard.

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. HDFC SKY

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

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 HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Anand Rathi charges 0.30% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).

Equity futures: This charge applies to futures contracts on stocks and indices. Anand Rathi charges 0.30% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).

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

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Anand Rathi charges 0.03% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).

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

Currency futures: This charge allows participation in forex price movements on the exchange. Anand Rathi charges 0.03% of Transaction Value while HDFC SKY charges Rs.20 per Order or 0.01% (whichever is low).

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

Trading platforms comparison — Anand Rathi vs. HDFC SKY

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

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

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

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

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

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

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

• Foreign stocks platform: HDFC SKY lists foreign stocks access, while Anand Rathi does not currently mention it.

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

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

• Bonds platform: HDFC SKY lists a bonds investment platform, while Anand Rathi does not currently mention it.

Anand Rathi vs. HDFC SKY — 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 HDFC SKY promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices 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 HDFC SKY offer this feature.

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

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

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

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Anand Rathi and HDFC SKY offer this feature.

• Global indices: Real-time data on leading global stock market indices. HDFC SKY offers this; Anand Rathi does not currently highlight it.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. HDFC SKY offers this; Anand Rathi does not currently highlight it.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Anand Rathi and HDFC SKY offer this feature.

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

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

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

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

Anand Rathi vs. HDFC SKY — 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 HDFC SKY.

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

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

• Free brokerage: Neither broker currently highlights free brokerage.

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

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

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

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

• 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 and HDFC SKY both list free research reports.

• Free trading calls: Anand Rathi and HDFC SKY both list free trading calls.

• 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 HDFC SKY offers Rs.200 per Client for referrals.

Offered products comparison — HDFC SKY 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 HDFC SKY 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, government bonds, banking services and bonds.

• Demat services: Anand Rathi and HDFC SKY both list Demat services.

• Trading services: Anand Rathi and HDFC SKY both list trading services.

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

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

• IPO services: Anand Rathi and HDFC SKY both list IPO services.

• 3-in-1 account: HDFC SKY lists 3-in-1 account support, while Anand Rathi does not currently mention it.

• Stock research: Anand Rathi and HDFC SKY both list stock research.

• Stock recommendations: Anand Rathi and HDFC SKY both list stock recommendations.

• Trading education: Neither broker currently highlights trading education.

• Share pledging: Anand Rathi and HDFC SKY both list share pledging.

• PMS or PCG: Anand Rathi and HDFC SKY both list PMS or PCG support.

• NRI services: Anand Rathi and HDFC SKY both list NRI services.

Offered services comparison — Anand Rathi vs. HDFC SKY

Anand Rathi provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while HDFC SKY offers Demat services, trading services, intraday trading, F&O trading, IPO access and 3-in-1 account support.

Stock advisory service comparison — Anand Rathi vs. HDFC SKY

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 HDFC SKY.

Exposure comparison — Anand Rathi vs. HDFC SKY

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

Comparison of programs — Anand Rathi vs. HDFC SKY

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

Customer support comparison — Anand Rathi vs. HDFC SKY

Anand Rathi provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. HDFC SKY 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. HDFC SKY

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 HDFC SKY carries an overall rating of 9.10 / 10.

Complaints — Anand Rathi vs. HDFC SKY

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. HDFC SKY

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

Pledge charges comparison — Anand Rathi vs. HDFC SKY

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. HDFC SKY

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 HDFC SKY

Anand Rathi lists account opening charges of Free and Demat AMC of Rs.450 per Year (1st Year Free). HDFC SKY lists account opening charges of Free and Demat AMC of Rs.300 per Year (1st Year Free).

Anand Rathi vs HDFC SKY — 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 HDFC SKY

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.

User experience: buying stocks