Anand Rathi vs Groww

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

Anand Rathi
Anand Rathi
Full-Service Broker · since 1994
VS
Groww
Discount Broker · since 2016
Groww

Anand Rathi vs Groww — quick verdict

Choose Anand Rathi if

You want research and offline support

Powered by Trust. Driven by Research.

Choose Groww if

You want low-cost, self-directed trading

Investing Made Simple

Company overview

Anand Rathi is a full-service broker incorporated in 1994; Groww is a discount broker incorporated in 2016.

ParameterAnand RathiGroww
Type of broker Full-Service Broker Discount Broker
Exchange membership NSE · BSE · MCX · NCDEX · MSEI NSE · BSE · MCX
Year of incorporation 1994 older 2016
Number of branches 1,200+ Not Disclosed
Active clients 6 Lakh+ ~1.29 Crore larger

Charges & AMC

Account-opening and maintenance charges for Anand Rathi and Groww compared side by side.

ParameterAnand RathiGroww
Trading a/c opening ₹0 (Online) ₹0 (Free)
Trading a/c AMC ₹0 ₹0 (Free)
Demat a/c opening ₹0 ₹0 (Free)
Demat a/c AMC ₹450 + GST per year ₹0 (Free) lower
DP charges (per ISIN, sell) ₹15.93 per debit transaction (including GST) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) lower

Brokerage charges

How Anand Rathi and Groww price each trading segment, per executed order.

ParameterAnand RathiGroww
Equity Delivery 0.30% ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5)
Equity Intraday 0.03% ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5)
Equity Futures 0.03% ₹20 per executed order
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O 0.03% ₹20 per executed order
Commodity F&O 0.03% ₹20 per executed order
Call & Trade ₹20 per executed order Not Available

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Anand Rathi and Groww, per segment.

ParameterAnand RathiGroww
Equity Delivery NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% | BSE: 0.00375%
Equity Intraday NSE: 0.00297% • BSE: 0.00375% NSE: 0.00297% | BSE: 0.00375%
Equity Futures NSE: 0.00173% NSE: 0.00173% | BSE: 0.00%
Equity Options NSE: 0.03503% (on premium) NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium)
Currency Futures NSE: 0.00035% NSE: 0.00012% | BSE: 0.00005%
Currency Options NSE: 0.03110% (on premium) NSE: 0.0325% (on premium) | BSE: 0.001% (on premium)
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)

Demat & DP charges

Depository (demat) charges for Anand Rathi and Groww — AMC, debit transactions, pledging and remat.

ParameterAnand RathiGroww
Demat Account Opening ₹0 ₹0 (Free)
Annual Maintenance Charges (AMC) ₹450 + GST per year —
Debit Transaction Charges ₹15.93 per debit transaction (including GST) —
Pledge / Unpledge Charges ₹25 + GST per request —
Dematerialisation (Demat) ₹150 per certificate + GST —
Rematerialisation (Remat) ₹150 per certificate + GST —
Failed Transactions Nil —
Transaction Charges (Sell) — Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100)
Transaction Charges Demat Account Opening ₹0 (Free) Transaction Charges (Sell) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) Annual Maintenance Charges (AMC) — ₹0
Pledge / Unpledge — ₹20 per ISIN
Remat — ₹150 per certificate + courier charges
Failed Demat Transaction — ₹50 per ISIN

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Anand Rathi and Groww.

ParameterAnand RathiGroww
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) As per SEBI peak margin rules (Up to 5x*)
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Equity Options (Buy) Premium Value (Not Applicable) —
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) —
Currency Futures & Options SPAN + Exposure Margin (As per available margin) —
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across Anand Rathi and Groww.

ParameterAnand RathiGroww
3-in-1 account ✕ No ✕ No
Automated / API trading ✓ Yes ✓ Yes
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop Groww Web, Groww Mobile App, Groww API
Intraday square-off 3:15 PM 3:20 PM
Other Research Reports, Trading Calls, Advanced Charting, Option Chain, Basket Orders, Price Alerts, eDIS, Margin Trading Facility (MTF), PMS, AIF, Wealth Management Stock SIP, Option Chain, Price Alerts, Advanced Charts, Watchlists, Portfolio Tracking, Margin Trading Facility (MTF), IPO Investment, Direct Mutual Funds.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Anand Rathi and Groww.

ParameterAnand RathiGroww
Trading platforms offered AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop Groww Web, Groww App
Number of platforms 3 more choice 2
Platforms (summary) AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop Groww Web, Groww Mobile App, Groww API
Mobile / desktop apps Web, Mobile, Desktop Web, Mobile

User ratings

User ratings for Anand Rathi and Groww across the key parameters.

Rated onAnand RathiGroww
Fees 4.1 4.7 better
Brokerage 4.2 4.6 better
Trading platform 4.5 4.8 better
Customer service 4.6 better 4.3
Research 4.8 better 4.1
Overall 4.4 4.6 better

Investment options

Which investment products Anand Rathi and Groww let you access.

ParameterAnand RathiGroww
Stocks / Equity ✓ Yes ✓ Yes
Commodity ✓ Yes ✓ Yes
IPO ✓ Yes ✓ Yes
Mutual Funds ✓ Yes ✓ Yes
Bonds / NCD ✓ Yes ✓ Yes

Order types offered

Advanced order types supported by Anand Rathi and Groww.

ParameterAnand RathiGroww
Bracket Order ✓ Yes better ✕ No
Cover Order ✓ Yes better ✕ No
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✕ No ✓ Yes better

Safety & credibility

SEBI registration, financial strength and complaint record for Anand Rathi and Groww.

ParameterAnand RathiGroww
SEBI registration INZ000170832 INZ000301838
NSE member code 09280 90187
Year of incorporation 1994 longer track record 2016
Net worth ₹2,300+ Cr Not Publicly Disclosed
Exchange memberships NSE · BSE · MCX · NCDEX · MSEI NSE · BSE · MCX
Latest complaint ratio 0.003% fewer complaints 0.009%

Complaints record

Exchange complaint data for Anand Rathi and Groww — the ratio matters more than the raw count.

ParameterAnand RathiGroww
Latest financial year 2025–26 2023–24
Exchange NSE NSE
Active clients 6,48,217 95,38,609 larger base
Complaints filed 22 834
Complaint ratio 0.003% fewer complaints 0.009%

Pros & cons

The main advantages and drawbacks of each broker.

Anand Rathi

▲ Pros

  • ✓ Strong equity and commodity research with expert advisory.
  • ✓ Comprehensive wealth management and investment solutions.
  • ✓ Supports stocks, F&O, commodities, currencies, IPOs, mutual funds, bonds, PMS, AIFs, and insurance.
  • ✓ Large nationwide branch and relationship manager network.
  • ✓ Advanced web, mobile, and desktop trading platforms.
  • ✓ Personalized investment recommendations for retail and HNI clients.

▼ Cons

  • ✕ Brokerage charges are generally higher than discount brokers.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Advanced wealth management services are primarily targeted at premium clients.
  • ✕ Call & Trade charges may apply.
  • ✕ Frequent traders may find discount brokers more economical.
Groww

▲ Pros

  • ✓ Simple and beginner-friendly trading platform.
  • ✓ Fully digital and paperless account opening process.
  • ✓ Supports investment in stocks, mutual funds, ETFs, IPOs and F&O.
  • ✓ Available on both web and mobile platforms.
  • ✓ Transparent brokerage structure.
  • ✓ Easy portfolio tracking and fund management.
  • ✓ Supports multiple exchanges including NSE, BSE and MCX.
  • ✓ Secure online investment platform with modern trading tools.

▼ Cons

  • ✕ Limited physical branch network.
  • ✕ Research and advisory services are comparatively limited.
  • ✕ Call & Trade facility is not available.
  • ✕ Advanced trading features may be fewer than some full-service brokers.
  • ✕ Customer support response time may vary during peak market hours.
  • ✕ Margin funding and premium research offerings are limited compared to some competitors.
Open Anand Rathi Account Open Groww Account

Explore more comparisons

Compare Anand Rathi with

Anand Rathi vs Zerodha Anand Rathi vs Angel One Anand Rathi vs Upstox Anand Rathi vs ICICI Direct Anand Rathi vs Kotak Neo Anand Rathi vs HDFC Securities Anand Rathi vs SBI Securities Anand Rathi vs Motilal Oswal Anand Rathi vs Paytm Money Anand Rathi vs Mirae Asset Sharekhan Anand Rathi vs Axis Direct Anand Rathi vs 5paisa Anand Rathi vs Choice Broking Anand Rathi vs m.Stock Anand Rathi vs Sahi Anand Rathi vs FYERS Securities Anand Rathi vs SMC Global Anand Rathi vs Jainam Broking Limited

Compare Groww with

Groww vs Zerodha Groww vs Angel One Groww vs Upstox Groww vs ICICI Direct Groww vs Kotak Neo Groww vs HDFC Securities Groww vs SBI Securities Groww vs Motilal Oswal Groww vs Paytm Money Groww vs Mirae Asset Sharekhan Groww vs Axis Direct Groww vs 5paisa Groww vs Choice Broking Groww vs m.Stock Groww vs Sahi Groww vs FYERS Securities Groww vs SMC Global Groww vs Jainam Broking Limited
Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.