Motilal Oswal Brokerage Plan Review: Motilal Oswal Securities Ltd. was founded in 1987 and is headquartered in Mumbai. The firm provides equity, commodity, currency, and derivatives trading services. Other goods include Mutual Funds, Initial Public Offerings (IPOs), Gold, Insurance, and Fixed Income.
MOSL’s MOAMC discretionary Portfolio Management Service is well-known (PMS). Since its introduction in 2003, the PMS has consistently exceeded the benchmark during all market cycles.
In this article, we will review the Motilal Oswal Brokerage Plan and will see the different plans, the charges, the steps to get it, and the benefits of the plan. Let’s get started.
About Motilal Oswal (MOSL)- Motilal Oswal Brokerage Plan Review 2021
Retail Broking and Distribution, Private Wealth Management, Institutional Broking, Asset Management, Private Equity, Commodity Brokering, Investment Banking, Currency Broking, and Home Finance are some of the goods and services offered by Motilal Oswal.
Foreign institutional investors, individual consumers, mutual funds, financial, and corporate clients are among the Full-Service Brokers’ clientele.
Motilal Oswal has a network of 2300 business sites distributed throughout 550 cities and towns, maintained by the firm and its Business Partners. The firm has around 2200 workers and 10 lakh registered clients.
The research department of Motilal Oswal Securities is quite strong. They devote about 10% of their income to stock research. By 2017, the organization had 30 research analysts working across 25 departments, investigating over 240 firms. Motilal Oswal’s study papers are quite accurate in terms of research.
Experience | 9.0 / 10 |
Trading Platform | 8.5 / 10 |
Product & Services | 8.7 / 10 |
Brokerage Charges | 8.3 / 10 |
Research | 8.9 / 10 |
Overall Rating | 8.7 / 10 |
Motilal Oswal Brokerage Charges
Brokerage charges and fees offered by Motilal Oswal are as follows:
Equity Delivery Trading | 0.50% |
Equity Intraday Trading | 0.05% |
Commodity Options Trading | 0.05% |
Equity Futures Trading | 0.05% |
Equity Options Trading | Rs.70 per Lot |
Currency Futures Trading | 0.05% |
Currency Options Trading | Rs.70 per Lot |
Minimum Brokerage | Percentage of Transaction |
Demat AMC Charges | Free or Rs.300 per Annum |
Trading AMC Charges | Free |
Margin Money | Minimum Rs.10,000 |
- They normally charge Rs.70 per lot for equity options trading, 0.5 percent on the entire transaction value for equity delivery trading, and 0.05 percent on the entire transaction value for equity intraday trading in terms of brokerage.
- On the whole trade value of Commodity Options Trading, Equity Futures Trading, and Currency Futures Trading, the broking company charges a 0.05 percent fee. In terms of brokerage, Currency Options Trading costs Rs.70 per lot.
- Aside from this, they charge a yearly AMC of Rs.300 for keeping a Demat Account and a minimum brokerage for a specified amount of trading.
- Traders and investors who utilize this brokerage house’s services must additionally keep a minimum of Rs. 10,000 in Margin Money in order to trade without interruption.
Brokerage Plans- Motilal Oswal Brokerage Plan Review 2021
The broking house provides 3 types of Brokerage Plans –
- Default Schemes
- Value Pack Schemes
- Margin Schemes
- Default Scheme
Casual stock market investors should use the default strategy. This is a fundamental strategy. The bulk of services are included, including access to research and consulting services as well as free online trading software. This plan has the highest brokerage fees.
Segment | Brokerage |
Equity Delivery | 0.50% |
Intraday Cash or Future – Equity and Commodity | 0.05% (both side) |
Options – Equity | Rs 100 per lot (both-side) |
Currency F&O | Rs 20 per lot (both-side) |
- Value Pack Scheme
Motilal Oswal’s Value Pack schemes are prepaid plans that require the consumer to pay brokerage in advance. The lower the brokerage price, the bigger the prepaid amount. This strategy is designed for active traders.
Monthly | Quarterly | Quarterly | Half Yearly | Yearly | |
Upfront Fees (in INR) | 2,500 | 2,500 | 5,000 | 25,000 | 50,000 |
Validity (in days) | 30 | 90 | 90 | 180 | 365 |
Account Opening Fee (INR) | 0 | 0 | 0 | 0 | 0 |
DP – AMC (for 1st Year) | Free | Free | Free | Free | Free |
Equity Delivery | 0.25% | 0.30% | 0.25% | 0.20% | 0.18% |
Equity Intraday | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% |
Equity Futures | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% |
Equity Options | 60 | 70 | 60 | 40 | 50 |
Currency Futures | 0.03% | 0.03% | 0.03% | 0.02% | 0.02% |
Currency Options | 20 | 20 | 20 | 20 | 20 |
- Margin Pack Scheme
This brokerage plan is based on the amount of margin provided by the client; the bigger the margin, the cheaper the brokerage fees. The Motilal Oswal Margin Scheme is for those who trade frequently.
Margin 1000 | Margin 10000 | Margin 25000 | Margin 50000 | |
Upfront Margin (in INR) | 1,000 | 10,000 | 25,000 | 50,000 |
Account Opening Fee (Rs) | Free type | Free type | Free type | Free type |
DP – AMC (1st Year) | Free | Free | Free | Free |
Equity Delivery | 0.30% | 0.30% | 0.25% | 0.25% |
Equity Intraday | 0.03% | 0.03% | 0.03% | 0.03% |
Equity Futures | 0.03% | 0.03% | 0.03% | 0.03% |
Equity Options | 100 | 75 | 75 | 50 |
Trading Platform | Executive | Executive | Executive | Executive |
Mobile Access | Possible | Possible | Possible | Possible |
Free SMS Alerts (buy & sell) | Yes | Yes | Yes | Yes |
Free SMS Alerts (for advices) | NA | NA | NA | Yes |
Call N Trade | Yes | Yes | Yes | Yes |
Advisory services | NA | NA | NA | Yes |
Research Reports | Yes | Yes | Yes | Yes |
DEMAT Account Charges
Motilal Oswal Brokerage Plan Review 2021– Motilal Demat Account Charges
Particulars | Charges |
Scheme name | AMC Scheme |
Account Maintenance Charges (AMC) | Rs 550 |
Account Administration Charges (AAC) | Rs 199 |
Advance | Rs 0 |
Demat Transaction Charges – Within MOFSL (Sell only) | Rs 30 or 0.03% (whichever is higher) |
Demat Transaction Charges – Outside MOFSL (Sell only) | Rs 40 or 0.04% (whichever is higher) |
Dematerialization (In all schemes) | Rs 50 per request + Rs 50 per certificate |
Rematerialization | Rs 35 per certificate |
Pledge, Unpledged, Closure, Invocation | Rs 35 or 0.02% (whichever is higher) per ISIN request |
How to Open a Demat and Trading Account?
There are two approaches to this.
- Create a paperless online account
- Visit www.motilaloswal.com
- Select ‘Open an Account’
- If your mobile number is linked to your Aadhaar, choose the online application.
- Continue filling out the form by clicking submit.
- Get a physical account
- Visit www.motilaloswal.com
- Select ‘Open an Account’
- If your cell phone number is not connected to Aadhaar, use the online form with a physical signature option.
- Continue filling out the form by clicking submit.
- Sign the hard copy and return it to them.
Depository Source | NSDL & CDSL |
Account Opening Charges | Zero |
Demat AMC Charges | Free or Rs.300 per Annum |
Trading AMC Charges | Free |
Margin Money | Minimum Rs.10,000 |
Offline to Online | Yes |
Benefits
The following are Motilal Oswal’s benefits. Before you register an account with Motilal Oswal, you should know the benefits.
- Trading and investing experience spanning over 20 years.
- A wide range of investment options are available, including equity, derivatives, initial public offerings (IPOs), mutual funds, insurance, and fixed deposits.
- Low-cost brokerage solutions are available through Value Pack Brokerage Schemes.
- Complete Operational Ease with Over 60 Banks for Fund Transfer.
- Free research consultations are available.
- Trading software that is available for free.
Closing Thoughts
Motilal Oswal is without a doubt one of the top brokerage firms India has ever had in the history of wealth trading, and their continuing efforts to develop new techniques, products, and services to assist their respective customers will ensure that they remain that way for the foreseeable future.