Bajaj Securities and Anand Rathi are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Bajaj Securities is listed as a Public Discount Broker , established in 2010 and headquartered in Pune, while Anand Rathi is listed as a Public Discount Broker , established in 1994 and headquartered in Mumbai.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Bajaj Securities or Anand Rathi is a better fit for your investment style, platform preference, and budget.
Bajaj Securities is listed as a Public Discount Broker established in 2010 with headquarters in Pune and founded by Sanjiv Bajaj. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds and insurance through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. It follows a Freedom Plan brokerage structure.
Anand Rathi is listed as a Public Discount Broker established in 1994 with headquarters in Mumbai and founded by Anand Rathi. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. 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.
Bajaj Securities vs Anand Rathi — A Comprehensive Company Overview
| Company Overview | Bajaj Securities | Anand Rathi |
|---|---|---|
| Company Type | Public | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Pune | Mumbai |
| Founder | Sanjiv Bajaj | Anand Rathi |
| Establishment Year | 2010 | 1994 |
| Brokerage Plan | Freedom Plan | Standard Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Bajaj Securities and Anand Rathi.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Bajaj Securities charges Rs.20 per Trade while Anand Rathi charges 0.30% of Transaction Value.
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Bajaj Securities charges Rs.20 per Trade while Anand Rathi charges 0.30% of Transaction Value.
Equity futures: This charge applies to futures contracts on stocks and indices. Bajaj Securities charges Rs.20 per Trade while Anand Rathi charges 0.30% of Transaction Value.
Equity options: This charge applies to equity option contracts. Bajaj Securities charges Rs.20 per Trade while Anand Rathi charges Rs.50 per Lot.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Bajaj Securities charges N/A ; Anand Rathi charges 0.03% of Transaction Value.
Commodity options: This charge applies to option contracts on commodity instruments. Bajaj Securities charges N/A ; Anand Rathi charges Rs.25 per Lot.
Currency futures: This charge allows participation in forex price movements on the exchange. Bajaj Securities charges N/A ; Anand Rathi charges 0.03% of Transaction Value.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Bajaj Securities charges N/A ; Anand Rathi charges Rs.25 per Lot.
Bajaj Securities vs Anand Rathi — Detailed Brokerage Comparison
| Brokerage | Bajaj Securities | Anand Rathi |
|---|---|---|
| Brokerage Plan | Freedom Plan | Standard Plan |
| Subscription Charges | Rs.431 per Year (1st Year Free) | Zero |
| Equity Delivery | Rs.20 per Trade | 0.30% of Transaction Value |
| Equity Intraday | Rs.20 per Trade | 0.30% of Transaction Value |
| Equity Future | Rs.20 per Trade | 0.30% of Transaction Value |
| Equity Option | Rs.20 per Trade | Rs.50 per Lot |
| Commodity Future | NA | 0.03% of Transaction Value |
| Commodity Option | NA | Rs.25 per Lot |
| Currency Future | NA | 0.03% of Transaction Value |
| Currency Option | NA | Rs.25 per Lot |
Bajaj Securities provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. Anand Rathi provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: Bajaj Securities and Anand Rathi both list an Android trading app.
iOS app: Bajaj Securities and Anand Rathi both list an iOS trading app.
Web trading platform: Bajaj Securities and Anand Rathi both list a web trading platform.
Desktop trading terminal: Anand Rathi lists a desktop trading terminal, while Bajaj Securities does not currently mention it.
Algo trading: Anand Rathi lists algo trading support, while Bajaj Securities does not currently mention it.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Bajaj Securities and Anand Rathi 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.
Bajaj Securities vs Anand Rathi — Complete Comparison of Trading Platforms
| Trading Platform | Bajaj Securities | Anand Rathi |
|---|---|---|
| Android App | Bajaj Securities Android App Link | Anand Rathi Android App Link |
| iOS App | Bajaj Securities iOS App Link | Anand Rathi iOS App Link |
| Web Trading Platform | Bajaj Securities Web Trading Link | Anand Rathi Web Trading Link |
| Trading Terminal | NA | Available |
| Algo Trading Platform | NA | Available |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | NA | NA |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | NA |
Bajaj Securities highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts, while Anand Rathi promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. 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 Bajaj Securities and Anand Rathi offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Bajaj Securities and Anand Rathi offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Bajaj Securities and Anand Rathi offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Bajaj Securities and Anand Rathi offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Anand Rathi offers this; Bajaj Securities does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Bajaj Securities and Anand Rathi offer this feature.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Bajaj Securities and Anand Rathi offer this feature.
Live market: Live updates on market movements and trends. Both Bajaj Securities and Anand Rathi offer this feature.
Multi profile management: Manage multiple trading profiles from a single account. Anand Rathi offers this; Bajaj Securities does not currently highlight it.
Secure platform: A secure trading environment with next-generation security controls. Both Bajaj Securities and Anand Rathi offer this feature.
Bajaj Securities vs Anand Rathi — Comprehensive Comparison of Trading Features
| Trading Feature | Bajaj Securities | Anand Rathi |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | No | Yes |
| Global Indices | No | No |
| Customised Recommendations | No | No |
| Stock Tips | Yes | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | No | Yes |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Bajaj Securities and Anand Rathi.
Free account opening: Bajaj Securities and Anand Rathi both list free account opening.
Free AMC: Bajaj Securities and Anand Rathi both list free Demat AMC.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Bajaj Securities and Anand Rathi both list flat brokerage pricing.
Flexible brokerage plans: Bajaj Securities and Anand Rathi both list flexible brokerage plans.
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 lists free research reports, while Bajaj Securities does not currently mention it.
Free trading calls: Anand Rathi lists free trading calls, while Bajaj Securities does not currently mention it.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Bajaj Securities offers Rs.200 per Client while Anand Rathi offers Rs.250 per Client for referrals.
Bajaj Securities vs Anand Rathi — Comparison of Latest Offers
| Offer | Bajaj Securities | Anand Rathi |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | Yes | Yes, Limited |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | Yes | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | No |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | No | Yes |
| Free Trading Calls | No | Yes |
| Referral Offers | Rs.200 per Client | Rs.250 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
Product availability determines whether a broker can support your preferred markets. Bajaj Securities highlights equity delivery, equity intraday, equity futures, equity options, foreign stocks, mutual funds and insurance, while Anand Rathi 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, foreign stocks, mutual funds, insurance, corporate bonds, government bonds, commodity futures, commodity options, currency futures and currency options.
Bajaj Securities vs Anand Rathi — Complete Comparison of Products
| Product | Bajaj Securities | Anand Rathi |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | Yes |
| Commodity Future | No | Yes |
| Currency Option | No | Yes |
| Currency Future | No | Yes |
| Foreign Stocks | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | Yes | Yes |
| Corporate Bonds | Yes | Yes |
| Government Bonds | Yes | Yes |
| Digital Gold | No | No |
Demat services: Bajaj Securities and Anand Rathi both list Demat services.
Trading services: Bajaj Securities and Anand Rathi both list trading services.
Intraday services: Bajaj Securities and Anand Rathi both list intraday trading services.
F&O services: Bajaj Securities and Anand Rathi both list F&O services.
IPO services: Bajaj Securities and Anand Rathi 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 Bajaj Securities does not currently mention it.
Stock recommendations: Anand Rathi lists stock recommendations, while Bajaj Securities does not currently mention it.
Trading education: Bajaj Securities lists trading education, while Anand Rathi does not currently mention it.
Share pledging: Bajaj Securities and Anand Rathi both list share pledging.
PMS or PCG: Anand Rathi lists PMS or PCG support, while Bajaj Securities does not currently mention it.
NRI services: Anand Rathi lists NRI services, while Bajaj Securities does not currently mention it.
Bajaj Securities provides Demat services, trading services, intraday trading, F&O trading, IPO access and trading education, while Anand Rathi offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Bajaj Securities vs Anand Rathi — In-Depth Comparison of Services
| Service | Bajaj Securities | Anand Rathi |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | No | Yes |
| Stock Recommendations | No | Yes |
| Trading Education | Yes, Samadhan | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | Yes |
| NRI Services | No | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Bajaj Securities and Anand Rathi.
Bajaj Securities and Anand Rathi — Detailed Comparison of Advisory Services
| Advisory | Bajaj Securities | Anand Rathi |
|---|---|---|
| Fundamental Reports | No | Yes |
| Research Reports | Yes, chargeable | Yes |
| Company Reports | No | Yes |
| Annual Reports | No | No |
| IPO Reports | Yes | Yes |
| Technical Reports | No | Yes |
| Stock Tips | Yes, chargeable | Yes |
| Daily Top Stock Picks | No | Yes |
| Daily Market Review | No | No |
| Monthly Review | No | No |
| Weekly Review | No | No |
| Relationship Manager | Yes, chargeable | Yes |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Bajaj Securities and Anand Rathi across different segments.
Bajaj Securities and Anand Rathi — Comprehensive Comparison of Trading Exposure
| Exposure | Bajaj Securities | Anand Rathi |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
Bajaj Securities and Anand Rathi both list a sub-broker program. Bajaj Securities and Anand Rathi both list a partner program. Bajaj Securities and Anand Rathi both list a referral program.
Bajaj Securities vs Anand Rathi — Comparative Analysis of Programs
| Program | Bajaj Securities | Anand Rathi |
|---|---|---|
| Sub-Broker Program | Yes, Limited | Yes |
| Partner Program | Yes | Yes |
| Referral Program | Yes | Yes |
Bajaj Securities provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Anand Rathi provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Bajaj Securities operates Available branches. Anand Rathi operates Available branches.
Bajaj Securities and Anand Rathi — Comprehensive Comparison of Customer Support
| Support Channel | Bajaj Securities | Anand Rathi |
|---|---|---|
| Trading Support | Available, Chargeable | Available, Free |
| Dedicated Dealer | Available, Chargeable | Available, Free |
| Call Support | 1800-833-8888 | 0291-6661001 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | Telegram Support Link |
| Branches / Offices | Available | Available |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Bajaj Securities carries an overall rating of 7.75 / 10, while Anand Rathi carries an overall rating of 7.90 / 10.
Bajaj Securities vs Anand Rathi — Ratings Comparison
| Rating Parameter | Bajaj Securities | Anand Rathi |
|---|---|---|
| Overall Rating | 7.75 / 10 | 7.90 / 10 |
| Customer Support | 7.72 / 10 | 7.87 / 10 |
| Technology | 7.84 / 10 | 7.99 / 10 |
| Charges | 7.78 / 10 | 7.93 / 10 |
| Products & Services | 7.71 / 10 | 7.85 / 10 |
| Experience | 7.69 / 10 | 7.84 / 10 |
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.
Bajaj Securities & Anand Rathi — Comparison of Customer Complaints
| Complaint Metric | Bajaj Securities | Anand Rathi |
|---|---|---|
| Total Complaints Lodged | 21 | 35 |
| Total Complaints Resolved | 14 | 30 |
| % of Resolved Complaints | 66.67% | 85.71% |
| Non-Actionable Complaints | 4 | 3 |
| % of Non-Actionable Complaints | 19.05% | 8.57% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Bajaj Securities and Anand Rathi.
Bajaj Securities vs Anand Rathi — Detailed Comparison of Transaction Charges
| Transaction Charges | Bajaj Securities | Anand Rathi |
|---|---|---|
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) | |
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | |
| Equity Future | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | |
| Equity Option | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | |
| Commodity Future | ||
| Commodity Option | ||
| Currency Future | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | |
| Currency Option | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) |
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.
Bajaj Securities & Anand Rathi — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Bajaj Securities | Anand Rathi |
|---|---|---|
| Pledge Creation Charges | - | |
| Pledge Invocation Charges | - | |
| Margin Trading Interest | - |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Bajaj Securities and Anand Rathi — Detailed Comparison of Hidden / Other Charges
| Charge | Bajaj Securities | Anand Rathi |
|---|---|---|
| SEBI Turnover Charges | 0.0001% (₹10/Crore) of the turnover | |
| DP Charges | - | |
| GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) | |
| Account Closure Charges | - | |
| Reactivation Charges | - | |
| Dematerialisation Charges | - | |
| Call & Trade Charges | - |
Bajaj Securities lists account opening charges of Free and Demat AMC of Free. Anand Rathi lists account opening charges of Free and Demat AMC of Rs.450 per Year (1st Year Free).
Bajaj Securities vs Anand Rathi — Detailed Comparison of Demat Charges
| Demat Charges | Bajaj Securities | Anand Rathi |
|---|---|---|
| Account Opening Charges | Free | Free |
| Annual Maintenance Charges (AMC) | Free | Rs.450 per Year (1st Year Free) |
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.
Bajaj Securities vs Anand Rathi — Comparative Analysis of STT and CTT Charges
| STT & CTT | Bajaj Securities | Anand Rathi |
|---|---|---|
| Equity Delivery | 0.1% on both Buy & Sell sides | |
| Equity Intraday | 0.025% on the Sell side only | |
| Equity Future | 0.0125% on the Sell side | |
| Equity Option | 0.0625% on premium value | |
| Commodity Future | 0.01% on sell side (Non-Agri) | |
| Commodity Option | 0.05% on sell side | |
| Currency Future | NA | |
| Currency Option | NA |
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.
Bajaj Securities and Anand Rathi — Comparison of Stamp Duty Charges
| Stamp Duty | Bajaj Securities | Anand Rathi |
|---|---|---|
| Equity Delivery | 0.015% | |
| Equity Intraday | 0.003% | |
| Equity Future | 0.002% | |
| Equity Option | 0.003% | |
| Commodity Future | 0.002% | |
| Commodity Option | 0.003% | |
| Currency Future | 0.0001% | |
| Currency Option | 0.0001% |