Product Details
Brokerage and Fees
The trading account offers free account opening and call & trade services.
Account maintenance charges of ₹199 are applicable. In terms of brokerage charges, equity delivery trades have a brokerage fee of 0.20% while equity intraday trades have a brokerage fee of 0.02%.
For equity futures, equity options, currency futures, currency options, and commodity futures, the brokerage fee is ₹20.
The brokerage fee for commodity options is ₹200. The margins provided for all types of trades, including equity delivery, intraday, futures, options, currency futures, currency options, commodity futures, and commodity options, is 4x.
These charges and margins make the trading account suitable for traders looking for competitive rates and margin facilities.
STT/CTT: Security Transaction tax/Commodities Transaction Tax are levied by the Indian government on all the transactions made through the exchanges. These charges range between 0.025% to 0.1% depending on the segment in which a trade is placed.
Transaction charges: Transaction charges are levied by the exchanges (NSE/BSE/MCX etc.) on which a person places a trade and vary with the exchanges and the segment in which a trade is placed. These charges range between 0.002% to 0.05% depending on the segment in which a trade is placed.
GST: GST is charged at 18% on the brokerage generated and is collected by the Government of India SEBI Charges: Mandatory charges of Rs. 10/crore + GST are payable towards SEBI charges for regulating the Indian markets.
Stamp Charges:Stamp charges range from 0.002% to 0.015% depending on the segment in which a trade is placed. This tax is charged by Government of India as per Indian Stamp Act of 1899.
Account Opening Fees
No fees
Eligibility
Annual Fees
Rs. 199 is charged p.a. towards account maintainence
Motilal Oswal
Special Features
Motilal Oswal offers several advantages to its users.
These include free trading calls, research reports, SMS alerts, margin funding, and the option to avail margin against shares.
These features provide valuable insights, assistance, and increased trading capacity for users, making Motilal Oswal a comprehensive platform for traders and investors.
Features
Cons
No Flat or Discount Brokerage Plans: Motilal Oswal does not offer flat brokerage or discount brokerage plans, which may be a disadvantage for traders seeking lower brokerage fees based on their trading volumes.
Limited Mutual Fund Offerings: The platform only provides regular plans for mutual funds, which may not be suitable for investors looking for direct plans that typically offer lower expense ratios.
Cumbersome Offline Account Opening: The process of opening an account with Motilal Oswal offline can be cumbersome and time-consuming, which may be inconvenient for individuals seeking a more streamlined and efficient account opening experience.
Relatively Higher Charges: Motilal Oswal's brokerage charges and depository participant service charges may be comparatively higher than those of other brokerage firms, potentially impacting the overall cost-effectiveness for traders and investors.
Pros
Free In-depth Analysis and Stock Recommendations: Users can access free in-depth analysis and stock recommendations, enabling them to make informed investment decisions based on thorough research and expert insights.
Dedicated Customer Support: Motilal Oswal provides proper customer support through emails and calls, ensuring that users' queries and concerns are addressed promptly and effectively.
Comprehensive Research Reports and Analysis: The platform offers comprehensive research reports and analysis, including market and sector analysis, helping users stay updated with the latest market trends and make efficient investment choices. S
trategy Builder: Motilal Oswal provides a strategy builder feature that allows users to create and implement multi-leg option strategies, empowering them to engage in smart trading and optimize their investment strategies.
All-in-One Investment Platform: With Motilal Oswal, users can invest across multiple asset classes such as equity, derivatives, mutual funds, and more, all through a single platform. This convenience enables users to diversify their investment portfolio and access various investment options easily.
Pros and Cons
How to Apply?
Documents Required
Account Opening and Procedures
Motilal Oswal
Motilal Oswal charges brokerage at 0.20% for Equity Delivery, 0.02% for Intraday Futures, and Rs 20 per lot for Equity and Currency Options. The commodity brokerage charges are 0.02% for Futures and Rs 200 per lot for Options. Out of all its brokerage plans - Motilal Oswal has now introduced Free Equity Intraday Trading for Lifetime, making it the first-of-a-kind stock broker in India to offer free intraday trading to its customers. However, these rates are subject to negotiations and investors can get a pretty decent discount on the card rates if they are a serious trader or investor which is what makes Motilal Oswal a preferred choice of 50+ Lakhs and more investors including big traders and investors.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai