Anand Rathi vs Mirae Asset Sharekhan

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
Mirae Asset Sharekhan
Full-Service Broker · since 2000
Mirae Asset Sharekhan

Anand Rathi vs Mirae Asset Sharekhan — quick verdict

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Company overview

Anand Rathi is a full-service broker incorporated in 1994; Mirae Asset Sharekhan is a full-service broker incorporated in 2000.

ParameterAnand RathiMirae Asset Sharekhan
Type of broker Full-Service Broker Full-Service Broker
Exchange membership NSE · BSE · MCX · NCDEX · MSEI NSE · BSE · MCX · NCDEX
Year of incorporation 1994 older 2000
Number of branches 1,200+ wider 900+
Active clients 6 Lakh+ 32 Lakh+ larger

Charges & AMC

Account-opening and maintenance charges for Anand Rathi and Mirae Asset Sharekhan compared side by side.

ParameterAnand RathiMirae Asset Sharekhan
Trading a/c opening ₹0 (Online) ₹0 (Online)
Trading a/c AMC ₹0 ₹0
Demat a/c opening ₹0 ₹0
Demat a/c AMC ₹450 + GST per year lower ₹0 (1st Year), then ₹400 + GST per year
DP charges (per ISIN, sell) ₹15.93 per debit transaction (including GST) lower ₹25 per debit transaction + GST

Brokerage charges

How Anand Rathi and Mirae Asset Sharekhan price each trading segment, per executed order.

ParameterAnand RathiMirae Asset Sharekhan
Equity Delivery 0.30% 0.30%
Equity Intraday 0.03% 0.02%
Equity Futures 0.03% 0.02%
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O 0.03% 0.02%
Commodity F&O 0.03% 0.02%
Call & Trade ₹20 per executed order ₹0

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Anand Rathi and Mirae Asset Sharekhan, per segment.

ParameterAnand RathiMirae Asset Sharekhan
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%
Equity Options NSE: 0.03503% (on premium) NSE: 0.03503% (on premium)
Currency Futures NSE: 0.00035% NSE: 0.00035%
Currency Options NSE: 0.03110% (on premium) NSE: 0.03110% (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 Mirae Asset Sharekhan — AMC, debit transactions, pledging and remat.

ParameterAnand RathiMirae Asset Sharekhan
Demat Account Opening ₹0 ₹0
Annual Maintenance Charges (AMC) ₹450 + GST per year ₹0 (1st Year), then ₹400 + GST per year
Debit Transaction Charges ₹15.93 per debit transaction (including GST) ₹25 per debit transaction + GST
Pledge / Unpledge Charges ₹25 + GST per request ₹30 + GST per request
Dematerialisation (Demat) ₹150 per certificate + GST ₹50 per certificate + GST
Rematerialisation (Remat) ₹150 per certificate + GST ₹50 per certificate + GST
Failed Transactions Nil Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Anand Rathi and Mirae Asset Sharekhan.

ParameterAnand RathiMirae Asset Sharekhan
Equity Delivery 100% of trade value (1x) Up to 100% of trade value (1x)
Equity Intraday VAR + ELM Margin (Up to 5x*) As per SEBI peak margin rules (Up to 5x (eligible stocks))
Equity Futures SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (1x)
Equity Options (Buy) Premium Value (Not Applicable) Premium + SPAN (for option writing) (As per exchange norms)
Equity Options (Sell) SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per exchange norms)
Currency Futures & Options SPAN + Exposure Margin (As per available margin) SPAN + Exposure Margin (As per exchange norms)
Commodity Futures & Options SPAN + Exposure Margin (As per available margin) —

Features & account

Account type and feature availability across Anand Rathi and Mirae Asset Sharekhan.

ParameterAnand RathiMirae Asset Sharekhan
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 Sharekhan App, Sharekhan Web Trading Platform, TradeTiger
Intraday square-off 3:15 PM 3:15 PM
Other Research Reports, Trading Calls, Advanced Charting, Option Chain, Basket Orders, Price Alerts, eDIS, Margin Trading Facility (MTF), PMS, AIF, Wealth Management Advanced research reports, Margin Trading Facility (MTF), Portfolio Health Check, Investment Ideas, IPO investment, Mutual Funds, Algo/API Trading, Smart Investor tools, Relationship Manager support, Educational webinars, TradeTiger desktop terminal, Comprehensive wealth management solutions.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Anand Rathi and Mirae Asset Sharekhan.

ParameterAnand RathiMirae Asset Sharekhan
Trading platforms offered AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop Sharekhan App, Sharekhan Web Trading Platform, TradeTiger
Number of platforms 3 3
Platforms (summary) AR Invest Web, AR Invest Mobile App, Anand Rathi Trade Mobi / Desktop Sharekhan App, Sharekhan Web Trading Platform, TradeTiger
Mobile / desktop apps Web, Mobile, Desktop Mobile, Web, Desktop

User ratings

User ratings for Anand Rathi and Mirae Asset Sharekhan across the key parameters.

Rated onAnand RathiMirae Asset Sharekhan
Fees 4.1 4.2 better
Brokerage 4.2 better 4.1
Trading platform 4.5 4.7 better
Customer service 4.6 better 4.5
Research 4.8 4.9 better
Overall 4.4 4.5 better

Investment options

Which investment products Anand Rathi and Mirae Asset Sharekhan let you access.

ParameterAnand RathiMirae Asset Sharekhan
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 Mirae Asset Sharekhan.

ParameterAnand RathiMirae Asset Sharekhan
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 Mirae Asset Sharekhan.

ParameterAnand RathiMirae Asset Sharekhan
SEBI registration INZ000170832 INZ000174330
NSE member code 09280 10313
Year of incorporation 1994 longer track record 2000
Net worth ₹2,300+ Cr ₹8,615+ Cr* stronger
Exchange memberships NSE · BSE · MCX · NCDEX · MSEI NSE · BSE · MCX · NCDEX
Latest complaint ratio 0.003% fewer complaints 0.033%

Complaints record

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

ParameterAnand RathiMirae Asset Sharekhan
Latest financial year 2025–26 2025–26
Exchange NSE NSE
Active clients 6,48,217 31,20,000+ larger base
Complaints filed 22 1,020
Complaint ratio 0.003% fewer complaints 0.033%

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.
Mirae Asset Sharekhan

▲ Pros

  • ✓ Backed by the globally recognized Mirae Asset Financial Group.
  • ✓ Comprehensive research reports and investment recommendations.
  • ✓ Supports investment in stocks, derivatives, commodities, currencies, mutual funds, IPOs, bonds, and ETFs.
  • ✓ Advanced trading platforms for web, desktop, and mobile users.
  • ✓ Large nationwide network of branches and relationship managers.
  • ✓ Margin Trading Facility (MTF) available for eligible stocks.
  • ✓ Strong educational resources, webinars, and investor learning programs.
  • ✓ Reliable customer support through branches, phone, email, and chat.
  • ✓ Suitable for both beginners and long-term investors.
  • ✓ Offers integrated wealth management and portfolio advisory services.

▼ Cons

  • ✕ Brokerage charges are higher than most discount brokers.
  • ✕ Annual Maintenance Charges (AMC) apply for Demat accounts.
  • ✕ Account opening process may take longer than fully digital discount brokers.
  • ✕ Premium research and advisory services may involve additional charges.
  • ✕ Advanced trading tools are more beneficial for experienced traders than casual investors.
  • ✕ Intraday brokerage can be comparatively expensive for high-frequency traders.
  • ✕ Fewer free investment tools compared to some newer fintech brokers.
  • ✕ Some premium features are available only under higher-value plans or subscriptions.
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Compare Mirae Asset Sharekhan with

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