Background: Anaemia and dyslipidemia are widely prevalent public health problems in the Indian population, irrespective of their socioeconomic status. Some link has been suggested between the two potentially morbid conditions but a sufficient Indian study could not found in this regard. So the objective is to study the lipid profile in anaemic patients and to compare them with age and sex matched controls. Method: An observational study was conducted on total of 100 patients out of which 50 patients with anaemia were included in one group and 2nd group contains 50 normal (non-anaemic) individuals.Their complete haemogram, lipid profile and other investigations were performed to find out if any.Data was analysed by means of correlation and regression analysis to find out the association of lipid levels in both the groups under study. Results: Dimorphic anaemia is most common type of anaemia. Microcytic anaemia is second most common type. Younger individuals are more likely to have severe anaemia. Majority of the cases were middle aged(30-60years) and the youngest case was of 18 years old and older was of 60 years old.in case of sex matched controls,24 males and 26 females were present.Sex was not associated with haemoglobin levels. Conclusion: This study reveals that anaemia is associated with hypocholesterolemiawith lowering in all lipid subfractions and decrease is more strongly associated with total cholesterol and HDL levels compared to other subfractions. The extent of hypocholesterolemia is proportional to severity of anaemia.The type of anaemia has no effect on the hypocholesterolemia.