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Anand Rathi Vs Alice Blue NRI Account Comparison

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

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

Our Anand Rathi comparison with Alice Blue Financial Services highlights the major differences between two brokers. Find the best between Anand Rathi and Alice Blue NRI Account.

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Anand Rathi Vs Alice Blue

  Anand Rathi Alice Blue
 
  Anand Rathi Logo Alice Blue Financial Services Logo
About the Broker Anand Rathi offers NRI Trading Account that enables NRIs to invest in Stocks, Mutual Funds, ETFs and Debt Funds in India Stock Markets. Anand Rathi is a full-service broker offering a wide range of services to NRIs. This includes online trading/inves... Know more about Anand Rathi Alice Blue does not offer NRI trading and demat account. As per the company representative on 22nd Nov 2019, ' We wish to inform you that currently, we are not offering our services to NRIs, only Resident Indians can open an account with... Know more about Alice Blue Financial Services
Account Type NRI Account NA
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Special Offer: Get equity delivery trading in Rs 20 per executed order or 2.5% whichever is lower and Flat Rs 20 intraday and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.

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Anand Rathi Vs Alice Blue Charges

  Anand Rathi Alice Blue
NRI Account Opening Fees Rs 0 NA
NRI Account AMC Rs 0 NA
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC 450 + GST 18% = 532 (1st year free) Rs 400
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Anand Rathi Vs Alice Blue NRI Account Brokerage Comparison

Account Type Anand Rathi NRI Account Alice Blue NA
Equity Delivery 0.30% NA
Equity Futures 0.03% NA
Equity Options Rs 50 per lot NA
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Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat AMC: Rs 450 per year NA
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 Alice Blue NRI Account Taxes/Fees

  Anand Rathi Alice Blue
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 0.00005% (₹5/Crore) 0.00005% (₹5/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 Alice Blue NRI Account Margin

  Anand Rathi Margin Alice Blue Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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Anand Rathi and Alice Blue NRI Account Features

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

  Anand Rathi Review Alice Blue Review
  17 Customer Reviews    Rate Anand Rathi 40 Customer Reviews    Rate Alice Blue
Fees 3.1 3.7
Brokerage 3.2 3.7
Trading Platform 3.1 3.3
Customer Service 3.3 2.9
Overall Rating Rated 3.1 stars Rated 3.1 stars
Broker Rating Anand Rathi is Rated 3.1 / 5 based on 17 customer reviews Alice Blue is Rated 3.1 / 5 based on 40 customer reviews
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Contact Broker / Request A Call Back

  Anand Rathi Enquire Alice Blue Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Get equity delivery trading in Rs 20 per executed order or 2.5% whichever is lower and Flat Rs 20 intraday and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
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Anand Rathi Vs Alice Blue NRI Investment Options

  Anand Rathi Alice Blue
Stocks Yes No
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options

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Anand Rathi Vs Alice Blue NRI Customer Service

  Anand Rathi Alice Blue
Customer Care Number 0291 666 1001
Customer Care Email nridesk@rathi.com
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Anand Rathi Vs Alice Blue Order Type Offered for NRI Account

  Anand Rathi Alice Blue
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No

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Anand Rathi Vs Alice Blue - NRI Account Advantages and Disadvantages

  Anand Rathi Alice Blue
Pros
  • Advanced online trading platforms.
  • 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.
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.
  • Alice Blue does not offer NRI trading and demat account.
Conclusion

Anand Rathi is a recommended choice for NRI investors. Anand Rathi offers value-added services like excellent online trading software, online mutual fund services and research advisory etc. Anand Rathi 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 a 3rd party before opening the NRI trading and demat account with the broker.

Alice Blue, the Bangalore based financial service provider, doesn't offer services to NRI customer. If you are an NRI and looking for an online discount broker for investing in India, you should consider Zerodha or ProStocks.

If you recently become an NRI and have a resident account with Alice Blue, you have to close it and open a new account with another broker who offers NRI services.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Alice Blue Special Offer

Free Equity Delivery Trade

Trade equity delivery in Rs 20 per executed order or 2.5% whichever is lower. Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue and start trading today.

Open Alice Blue Account

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