Anand Rathi Vs IIFL NRI Account Comparison

The side-by-side comparison of Anand Rathi and IIFL NRI Account. Compare Anand Rathi Vs IIFL NRI Account brokerage charges, exposure margin, demat account and AMC. Read IIFL and Anand Rathi NRI Account reviews.

Find out Anand Rathi Vs IIFL which is better NRI Trading Account. See Anand Rathi Vs IIFL which is best NRI Demat Account.

Our Anand Rathi comparison with IIFL Securities Limited highlights the major differences between two brokers. Find the best between Anand Rathi and IIFL NRI Account.

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Anand Rathi Vs IIFL

  Anand Rathi IIFL
 
Anand Rathi Logo IIFL Securities Limited Logo
About the Broker Anand Rathi provides a wide range of trading and investment services to the resident as well as NRI investors. It offers a 2-in-1 account, combining trading and demat accounts, for NRIs to trade in equity, equity derivatives, mutual funds, and IPOs... Know more about Anand Rathi IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Limited
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with Anand Rathi. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IIFL. Leave your contact info and we will get in touch with you.
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Anand Rathi Vs IIFL Charges

  Anand Rathi IIFL
NRI Account Opening Fees ₹750
NRI Account AMC ₹400 + GST
NRI Demat Account Opening Fees ₹550 ₹555
NRI Demat Account AMC ₹299 from second year onward ₹ 400 (One time)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Anand Rathi Vs IIFL NRI Account Brokerage Comparison

Brokerage Plan

  Anand Rathi IIFL
Account Type NRI Account NRI Account
Equity Delivery 0.50%
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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Anand Rathi Vs IIFL NRI Account Taxes/Fees

  Anand Rathi IIFL
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges ₹15 per Crore ₹15 per Crore
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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Anand Rathi Vs IIFL NRI Account Exposure Margin

  Anand Rathi IIFL
Equity Delivery
Equity Futures
Equity Options
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Anand Rathi and IIFL NRI Account Feature Comparison

  Anand Rathi IIFL
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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Anand Rathi Vs IIFL NRI Account Review

  Anand Rathi IIFL
  12 Customer Reviews    Rate Anand Rathi 108 Customer Reviews    Rate IIFL
Fees 3.2 2.9
Brokerage 3.3 2.6
Trading Platform 3.1 3.3
Customer Service 3.4 2.7
Overall Rating Rated 3.1 stars Rated 2.7 stars
Broker Rating Anand Rathi is Rated 3.1 / 5 based on 12 customer reviews IIFL is Rated 2.7 / 5 based on 108 customer reviews
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Contact Broker / Request A Call Back

  Anand Rathi IIFL
Contact Broker
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Anand Rathi Vs IIFL NRI Investment Options

  Anand Rathi IIFL
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options
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Anand Rathi Vs IIFL NRI Customer Service

  Anand Rathi IIFL
Customer Care Number 0291 666 1001 +91 22 4007 1000
Customer Care Email nridesk@rathi.com cs@indiainfoline.com
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Anand Rathi Vs IIFL Order Type Offered for NRI Account

  Anand Rathi IIFL
Bracket Order No
Cover Order No
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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Anand Rathi Vs IIFL - NRI Account Advantages and Disadvantages

  Anand Rathi IIFL
Pros
  • Wide range of online trading platforms
  • Offers research and recommendation tips.
  • Offers Relationship Manager assistance
  • Offers free call & trade facility for NRIs.
  • Can open PIS account with multiple banks.
  • Online Mutual Fund investment is available.
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
Cons
  • Charges brokerage in percentage which is higher than most of the discount brokers.
  • It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
  • NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
Conclusion

Anand Rathi is a recommended choice for NRI investors who are ready to pay high brokerage for value-added services like good online trading software, online mutual fund services and research advisory etc. It is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with 3rd party before opening the NRI trading and demat account with the broker.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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Anand Rathi Vs IIFL - More Reviews

  Anand Rathi IIFL
NRI Trading Review Anand Rathi NRI Account Review IIFL NRI Account Review
Enquire Anand Rathi Enquire IIFL
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IIFL Vs Kotak Securities
IIFL Vs Motilal Oswal
IIFL Vs Karvy
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IIFL Vs Ventura
IIFL Vs Indiabulls
IIFL Vs Aditya Birla Money
IIFL Vs TradingBells
IIFL Vs IDBI Capital
IIFL Vs Tradeplus
IIFL Vs Tradejini
IIFL Vs Alice Blue
IIFL Vs Wisdom Capital
IIFL Vs Finvasia
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IIFL Vs Just Trade
IIFL Vs Compositedge
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