According to our research report on top 20 stock brokers in India, Motilal Oswal is a SEBI registered stock broker with an active client base of 850842.
Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai based diversified financial services firm. Motilal Oswal is a full service broker that provides a wide range of trading services in Equity, Commodity, Currency and Derivatives.
Motilal Oswal offers a number of value-added product that includes –
- Mutual Fund/IPOs Investment
- Gold Bonds
- Insurance
- Fixed Income products
- Robo Advisory
- PMS or Portfolio Management Service
- Mid & Smallcap focused strategy
- Smallcases, you may like to read how to find the Smallcase promo code.
Motilal Oswal Demat Account Charges & AMC
Motilal Oswal charges zero for Demat & trading account opening. However, you need to pay annual maintenance charges (AMC) of Rs. 400 for the Demat account, which is waived off for the first year.
| Segments | Account opening & AMC Charges |
| Trading Account Opening Charges | Zero (Free) |
| Demat Account Opening Charges | Zero (Free) |
| Trading AMC Charges | Zero (Free) |
| Demat AMC Charges | Rs 199 Yearly (Free for 1st Year) |
Motilal Oswal Brokerage Charges
Motilal Oswal offers fixed percentage based brokerage charges. You need to pay the brokerage charges for intraday trading is 0.02% per lot and for equity delivery is 0.20%.
| Segments | Motilal Oswal Brokerage Charges |
| Equity Delivery | 0.20% |
| Equity Intraday & Futures | 0.02% per lot |
| Equity Options | Flat Rs 20 per lot |
| Currency Futures | Rs 20 per lot |
| Currency Options | Rs. 20 per lot |
| Commodity Futures | 0.02% per lot |
| Commodity Options | Rs 20 Per Lot |
Motilal Oswal Other Transaction Charges
| Segments | Transaction Charges |
| Demat Transaction Charges – Within MOFSL (Sell only) | Rs 30 or 0.025% (whichever is higher) |
| Dematerialisation (In all schemes) | Rs 50 per request + Rs 50 per certificate |
| Rematerialisation | Rs 35 per certificate |
| Pledge, Unpledge, Closure, Invocation | Rs 35 or 0.02% (whichever is higher) per ISIN request |
Other Charges levied while trading or investing
#1. STT/CTT – The Indian government levies Security Transaction Tax (STT) and Commodities Transaction Tax (CTT) on all transactions made through exchanges. These charges vary from 0.025% to 0.1% based on the trade segment.
#2. Transaction charges – Exchanges such as NSE, BSE, and MCX, levy transaction charges on trades placed, varying with the exchange and trade segment. These charges range from 0.002% to 0.05% depending on the trade segment. You may like to read MCX holiday list 2023.
#3. GST – The Government of India imposes 18% GST on the brokerage generated.
#4. SEBI Charges – SEBI charges amounting to Rs. 10 per crore + GST, are mandatory to regulate the Indian markets.
#5. Stamp Charges – Stamp charges ranging from 0.002% to 0.015% are applicable based on the trade segment. These charges are levied by the Government of India under the Indian Stamp Act of 1899.
Motilal Oswal Margin Exposure
As per SEBI issued a circular on peak margin, SEBI fixed the leverage margin for all stockbrokers in India.
As a result, Motilal Oswal offers margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock.
| Segment | Motilal Oswal |
| Equity Delivery | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) |
| F&O (Equity, Currency & Commodities) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Frequently Asked Questions (FAQs)
Motilal Oswal offers margin exposure up to 20% of the trade value (5x leverage) for intraday trading, based on the stock.
The transaction charges for demat transactions within Motilal Oswal are Rs. 30 or 0.03% (whichever is higher) for selling.
The Motilal Oswal brokerage charge for equity options is a flat Rs. 20 per lot.
The brokerage charges of Motilal Oswal for equity delivery are 0.20%, and for intraday trading is 0.02% per lot.
Yes, there is an annual maintenance charge (AMC) of Rs. 400 for the Motilal Oswal Demat account, waived off for the first year.
Motilal Oswal charges zero for Demat & trading account opening.
The STT charges for Motilal Oswal are –
- Equity Delivery: 0.1% on both Buy and Sell
- Equity Intraday: 0.025% on the Sell Side
- Equity Futures: 0.01% on Sell Side
- Equity Options: 0.05% on Sell Side(on Premium)
- Commodity Futures: 0.01% on sell side (Non-Agri)
- Commodity Options: 0.05% on sell side
- Currency F&O: No STT
- On Exercise transaction: 0.125%
- Right to entitlement: 0.05% on sell side
