Motilal Oswal Stock Trading, Demat, Brokerage and Reviews 2020



Motilal Oswal Stock Trading, Demat, Brokerage and Reviews 2020


Motilal Oswal Account Opening Enquiry/Get a call Back

Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, Gold, Insurance and Fixed Income products. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since its inception in 2003

Motilal Oswal has diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients.

As of March 2018, Motilal Oswal had a network spread over 500+ cities and towns comprising 2,200+ Business Locations operated by the company and its Business Partners. The company has over 10,00,000 registered customers with over Rs 69,500 Crores in depository assets.

Solid research is considered as the foundation of Motilal Oswal Securities. Almost 10% of revenue is invested in equity research. The company has dedicated teams for large-cap, mid-cap and technical research. It has published more than 30,000 research reports on over 260 companies spread across 21 sectors. From a fundamental, technical and derivatives research perspective, Motilal Oswal's research reports have received wide coverage in the media. It was awarded India 's Best Market Analyst Award for IT & FMCG sector by Zee Business.


Account Types

  1. Default Account

    The standard trading and demat account offers a wide range of investment options customized to suit your time horizon & risk appetite. This account offers trading in investment in Equity, Derivatives, Commodity, Currency, Mutual Funds, IPO, PMS, Insurance and Fixed Income Products. The default account type is for casual traders and long term stock market investors.

  2. Value Pack

    Value Pack Account is the upfront subscription scheme, which gives significant discounts in brokerage rates. With the wide range of value packs available, customer can choose and enjoy the benefits of placing trades at reduced charges. The brokerage charges in value pack are explained below. Value packs are for frequent traders who actively trade on a daily basis.

  3. Margin Pack

    Margin Pack Account is the upfront committed margin account, which gives significant brokerage discounts. With the wide range of margin packs available, customer can choose and enjoy the benefits of placing trades at reduced charges. Margin Scheme is for frequent traders who actively trade on a daily basis.


Motilal Oswal Charges 2020

Motilal Oswal Account Opening Charges

Transaction Charges
Trading Account Opening ₹1000 (One Time)
Trading Annual Maintenance (AMC) ₹0
Demat Account Opening ₹0
Demat Account Annual Maintenance (AMC) ₹299

Trading Brokerage

Motilal broking services offer 3 unique trading plans. Customers could choose one of these as per their requirement.

1. Default Brokerage Plan

The default plan is for casual investors in the stock market. This plan is a basic plan. It includes the majority of services including access to research and advisory and free online trading software. The brokerage charges in this plan are highest.

Motilal Oswal Default Brokerage Plan
SegmentBrokerage
Equity Delivery0.50%
Intraday Cash or Future - Equity and Commodity0.05% (both side)
Options - Equity₹100 per lot (both side)
Currency F&O₹20 per lot (both side)

2. Value Pack Plan

The Value Pack is a prepaid brokerage plan which offers cheaper brokerage when you pay an upfront fee. This plan is for active traders. There are 7 options available in value pack starting from the upfront fee of Rs 2500 to Rs 1 Lakh.

Motilal Oswal Value Pack Scheme Brokerage

Segment Brokerage
Equity Delivery from 0.10% to 0.40%
Intraday Cash or Future - Equity and Commodity from 0.01% to 0.04% (both side)
Options - Equity from ₹20 to ₹50 per lot (both side)
Currency F&O from ₹10 to ₹22 per lot (both side)

Motilal Value Pack Scheme Detail

Scheme name VP2KLT (Online) VP3KLT(Online) VP5KLT VP10KLT VP30KLT VP50KLT VPILACLT
Upfront Fees (one time) ₹2,500 ₹3,000 ₹5,000 ₹10,000 ₹30,000 ₹50,000 ₹1,00,000
Validity Lifetime Lifetime Lifetime Lifetime Lifetime Lifetime Lifetime
Account Opening Fee ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Demat Account AMC (1st Year Free) ₹299 ₹299 ₹550 ₹550 ₹550 ₹550 ₹550
Delivery Brokerage 0.40% (min 2 paise) 0.35% (min 2 paise) 0.30% (min 2 paise) 0.25% (min 1 paise) 0.20% (min 1 paise) 0.15% (min 1 paise) 0.10% (min 1 paise)
Intraday Cash (Equity) (both side) 0.040% (min 1 paise) 0.035% (min 1 paise) 0.030% (min 1 paise) 0.025% (min 1 paise) 0.020% (min 1 paise) 0.015% (min 1 paise) 0.010% (min 1 paise)
Intraday Futures (Equity & Commodities) (both side) 0.040% (min 1 paise) 0.035% (min 1 paise) 0.030% (min 1 paise) 0.025% (min 1 paise) 0.020% (min 1 paise) 0.015% (min 1 paise) 0.010% (min 1 paise)
Options (Equity) (both side) ₹50 per lot ₹45 per lot ₹40 per lot ₹30 per lot ₹25 per lot ₹25 per lot ₹20 per lot
Options (Currency) (both side) ₹22 per lot ₹20 per lot ₹18 per lot ₹15 per lot ₹12 per lot ₹12 per lot ₹10 per lot

3. Margin Scheme

Motilal Oswal Margin Scheme is for frequent traders. The brokerage charges in this plan keep reducing when you commit higher margin money in your trading account.

Motilal Oswal Margin Scheme Brokerage

Segment Brokerage
Equity Delivery from 0.15% to 0.50%
Intraday Cash or Future - Equity and Commodity from 0.015% to 0.05% (both side)
Options - Equity from ₹25 to ₹100 per lot (both side)
Currency F&O ₹20 per lot (both side)

Motilal Oswal - Margin Scheme Charges

Scheme Margin ₹0 to ₹24999 Margin ₹25000 to ₹49999 Margin ₹50000 to ₹99999 Margin ₹100000 to ₹299999 Margin ₹300000 to ₹499999 Margin ₹500000
Trading Account AMC ₹800 per year ₹299 per year ₹299 per year ₹299 per year ₹299 per year ₹299 per year
Admin Charges ₹199 per year ₹199 per year ₹199 per year ₹199 per year ₹199 per year ₹199 per year

Motilal Oswal - Margin Scheme Brokerage

Scheme Margin ₹0 to ₹24999 Margin ₹25000 to ₹49999 Margin ₹50000 to ₹99999 Margin ₹100000 to ₹299999 Margin ₹300000 to ₹499999 Margin ₹500000
Equity Delivery Brokerage 0.50% (Min 5 Paise) 0.40% (Min 3 Paise) 0.30% (Min 3 Paise) 0.25% (Min 3 Paise) 0.20% (Min 2 Paise) 0.15% (Min 1 Paise)
Equity Intraday Cash & Future (Both side) 0.05% ( Min 5 Paise ) 0.04% (Min 4 Paise) 0.03% (Min 3 Paise) 0.025% (Min 2 Paise) 0.02% (Min 2 Paise) 0.015% (Min 1 Paise)
Options ₹100 per lot ₹75 per lot ₹70 per lot ₹50 per lot ₹40 per lot ₹25 per lot
Currency Futures & Options ₹20 per lot ₹20 per lot ₹20 per lot ₹20 per lot ₹20 per lot ₹20 per lot

Motilal Demat Charges

Motilal Demat Account Charges

Particulars Charges
Scheme name AMC Scheme
Account Maintenance Charges (AMC) ₹550
Account Administration Charges (AAC) ₹199
Advance ₹0
Demat Transaction Charges - Within MOFSL (Sell only) ₹30 or 0.03% (whichever is higher)
Demat Transaction Charges - Outside MOFSL (Sell only) ₹40 or 0.04% (whichever is higher)
Dematerialisation (In all schemes) ₹50 per request + ₹50 per certificate
Rematerialisation ₹35 per certificate
Pledge, Unpledge, Closure, Invocation ₹35 or 0.02% (whichever is higher) per ISIN request

Motilal Oswal Trading Software

Motilal Oswal offers a range of online trading software. Following are few popular trading softwares offered by Motilal:

  1. MO Investor (Trading Website and Mobile App)
  2. MO Trader
  3. Desktop Application (Installable Trading Terminal)
  4. Smart Watch (App for Android and Apple Watch)

Motilal Oswal Pros (Advantages)

The following are the advantages of Motilal Oswal. You must read Motilal Oswal advantages and disadvantages before opening an account with Motilal Oswal. Motilal Oswal pros and cons help you find if it suits your investment needs.

  1. 20+ years of experience in trading and investment.
  2. Wide Range of Investment Choices - Equity, Derivatives, IPO, Mutual Funds, Insurance and Fixed Deposit.
  3. Value Pack Brokerage Schemes offers low brokerage options.
  4. Complete Ease of Operation with more than 60 banks for Fund Transfer.
  5. Free research advisory services.
  6. Free trading software.

Motilal Oswal Cons (Disadvantages)

The following are the cons of Motilal Oswal. Check the list of Motilal Oswal drawbacks.

  1. Very high brokerage charges in comparison with the discount brokers like Zerodha and 5paisa.
  2. The brokerage in value pack scheme is competitive but it requires upfront fees at the time of opting for the plan. The value pack plans cannot be update or cancelled once selected.
  3. Doesn't offer 3-in-1 account.

Motilal Oswal Margin / Exposure

Motilal Oswal leverage for intraday, delivery, options, currency and commodities.

Segment Margin
Equity Delivery 4x
Equity Intraday 20x for Margin+ (Over 140 Stocks), 4x for other stocks
Equity Future Upto 3x for Intraday
Equity Options No exposure
Currency Future NA
Currency Options No exposure
Commodity Future Upto 3x for Intraday
Commodity Options No exposure

Motilal Oswal Ratings

Overall Rating Rated 2.5 stars 2.5/5
Fees Rated 2.8 stars 2.8/5
Brokerage Rated 2.4 stars 2.4/5
Usability Rated 2.9 stars 2.9/5
Customer Service Rated 2.7 stars 2.7/5
Research Capabilities Rated 2.1 stars 2.1/5

Based on 95 Votes by Motilal Oswal Customers


Motilal Oswal Complaint

The number of Motilal Oswal customer complaint received by the exchanges. The Motilal Oswal consumer complaint report helps understanding the Motilal Oswal Securities Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints**
NSE 2020-21 396,575 63
NSE 2019-20 377,123 332
BSE 2019-20 107,202 60
NSE 2018-19 322,121 187
BSE 2018-19 93,959 30
NSE 2017-18 307,647 160
BSE 2017-18 137,652 50
NSE 2016-17 207,194 119
BSE 2016-17 83,617 23
NSE 2015-16 165,844 116

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.


Motilal Oswal Margin Exposure

Segment Exposure
Equity Delivery margin 4 times of the available margin
Equity Intraday margin 20 times of the margin available
Futures Margin 3 times of the available margin but only for Intraday position and not for carry forward position
Options Margin No exposure as its already a leveraged product
Equity CO Margin No exposure
Futures CO margin 3 times of the available margin but only for Intraday position and not for carry forward position
Options CO margin No exposure as its already a leveraged product
Commodity margin 3 times of the available margin but only for Intraday position and not for carry forward position & 5 Times on margin in value +

6 Reasons to Open Account with Motilal Oswal

  1. Leading Broker in India

    • 4-time winner of Best Performing Equity Broker (National) by CNBC TV18 Financial Advisor Awards
    • 30 years of experience in wealth creation
    • A Million+ customers, 2,200+ locations, 500+ cities
  2. Research Servies

    • Awarded by Zee Business as India's Best Market Analyst Award for IT & FMCG sector
    • Published 30,000+ research reports across 225+ companies and 25+ sectors
    • Dedicated teams for large-cap, mid-cap & technical research
    • Daily, weekly, monthly, quarterly & yearly reports across asset class
  3. Advisory Services

    • Available across asset classes
    • Available across devices - Mobile, Tablet, Desktop, & Web
    • Customized actionable plan across investment styles & risk profiles
    • Advanced tools & strategies for various time
  4. Technology

    • Powerful trading platforms across Desktop, Web, mobile or Tablet
    • Trade, Invest, Track, Review through a single login
    • LIVE streaming quotes and technical charts to help you make the right decision
  5. Product & Services

    • All trading & investment solutions ranging from Equities to Insurance under one roof
    • Trade across exchanges - BSE, NSE, NCDEX, MSEI
    • All products backed by the customized solid research & advice
    • Robust trading platforms, highly skilled dedicated advisors and Call & Trade desk
    • Services available through branches or business partners and online
  6. Operational Efficiency

    • Apply for an account in just 15 minutes & 6 simple steps
    • 1-day account activation
    • Dedicated customer service team with a 6-hour query resolution TAT
    • Customer centric Risk Management System
    • Real-time payouts to customers
    • Standard plus value added customer reports