Motilal Oswal Review 2021: Brokerage, Demat Account, Margin & more

Detail review of Motilal Oswal Stockbroker including Brokerage Charges, Products & Services Offered, Pros & Cons.

From sub-brokers to the pioneering entrepreneurs of a business in the financial services, Mr Motilal Oswal and Mr Ramdeo Agrawal are the two big names in the Indian stock market who have focused on providing high-quality research based stock recommendations to the clients and today they are big players in the stock market and are one of the largest stock-broking firms in this industry.

They just not stuck into the broking business but also entered many new avenues eventually such as private equity, investment banking, mutual funds, portfolio management service, wealth management and all of that a typical financial service company would provide.

Motilal Oswal Securities Limited is a subsidiary firm of Motilal Oswal Financial Service Limited. Today, this diversified financial service firm holds diversity in the clients too as they have retail customers, foreign institutional investors, High Net Worth Individuals, financial institutions and small and large corporates. 

In this Motilal Oswal review article, we will highlight exclusively to our readers that will serve as their complete guide and will allow you to study the Motilal Oswal Securities from scratch including how did they start, the brokerage and other charges they charge for trading and investment with them.

We will also see what are the advantages and disadvantages of investing and trading with this stock-broking firm, what range of other products and services they offer apart from the stockbroking service and so on.  

The History of How Motilal Oswal and Ramdeo Agrawal Started

The two classmates studying Chartered Accountancy course in the bygone era, turn out to be the successful business partners and the co-founders of the leading financial service providing firm in India. 

While studying CA, Motilal Oswal found the genius in Ramdeo Agrawal and according to him, Mr Ramdeo would always be into reading balance sheets thoroughly and was quite intelligent in his studies.

After working as the auditors with an auditing firm in Mumbai post completion of their CA course, both of them thought of starting a sub-broking firm. To their greatest surprise, the Gujarati stock-brokers were literally rocking the market and the brokers’ market was predominantly held by them.

They somehow managed to get registered as sub-brokers and started from scratch. Their focus was on a thorough study of the market and companies and then to provide recommendations and tips to clients which worked quite well and are called an important asset of this firm on which clients can rely. 

Ramdeo is called the ‘Warren Buffet of India’ due to his in-depth research and analytical skills. He comes from a village and has indeed made money from zero to more than $1 billion. He is indeed called a value miner and he holds skill-sets to dig the future multi-bagger stocks of the companies with his insightful research-related skills.   

Established in 1987, Motilal Oswal – the name is not new to anyone investing and trading into the stock market. With an experience of over 30 years into the stock-broking industry, they now provide a varied range of products and services in more than 2300 locations with their presence in over 550 cities.

With a customer base of around 1 million users, Motilal Oswal had also seen many ups and down initially just like any other startup company. However, the dedicated efforts and client-driven working method had helped them not only sustain but also make their own brand which is now a substitute for the well-researched and qualitative stock recommendations. 

Motilal Oswal provides trading and investing activities in equities, commodities, currencies and derivatives across multiple the stock exchanges namely BSE, NSE, NCDEX, MCX and MSEI.

It is a Depository Participant in both NSDL and CDSL. In addition to this, they also offer a platform to buy and sell gold through their Gold Accumulation Plan (GAP).

Their unique selling price lies in more than 30,000 solid research reports of over 260 companies and powerful stock tips by their dedicated team of experts. These reports have won the Best Market Analyst award in all over India in Information Technology (IT) and Fast-Moving Consumer Goods (FMCG) sector by Zee Business.

The important aspect of their research is that they emphasize on Return on Equity while evaluating any company on their financial performance. They insist on the QGLP formula which stands for Quality, Growth, Longevity and Price while evaluating a company.  Investors of this firm get the best stock tips with thorough study reports and quality research papers. 

List of Charges: Brokerage and Transaction Charges, Account Opening Charges, and Other Related Charges

Motilal Oswal Brokerage Charges

Value Pack Scheme Detail

Margin Scheme Charges

Motilal Oswal Margin Scheme Brokerage

Moltila Oswal Demat Account Charges

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Motilal Oswal Review: Exclusive Features of Trading and Investing

• Their in-depth research skills and unique formula to study company stocks lands them a huge number of investors who are not only retail clients and corporates but also foreign institutional investors and high net worth individuals too.  
• The high-speed trading platform enables their investors to trade and invest comfortably from anywhere and everywhere.
• The platform is quite easy to access in a way that there is no specific training required for any new investor. Everybody using the service will be able to self-learn all the features and investing and trading are made very convenient for everyone.
• The stock advisory experts serve their clients with valuable recommendations and tips on which clients can rely completely and it has hardly disappointed any investor. 
• The Portfolio Management Services of this firm has invariably exceeded the benchmark since its beginning. 
• Their various brokerage plans offer varieties as per the needs of the investors such as for a regular investor they offer Default Brokerage Plan, for an active trader they have Value Pack Brokerage Plan while for frequent traders they have Motilal Oswal Margin Scheme Brokerage Plan. 

Products, Services, Softwares and Features

This diversified financial services providing firm offers an amazing range of products and services that will fulfil every need of an investor. 

Products: The range of products Motilal Oswal Securities Limited offers includes trading in Equity, Commodity, Currency, Options, Futures, Mutual Funds and Forex. They do not offer any banking or insurance-related products.

Services: The services offered by the full-service broker contain Demat account, Trading, Intraday, IPO, Stock Advisory, and Portfolio Management Services. 

Research and Advisory: The main foundation of this firm is to provide best-level research and advisory services to its investors. With their detailed analysis about the company stocks, they provide IPO research reports, top picks and monthly study reports. Its Robo Advisory products include Trade Guide Signal, Option Writer and Option dCoder that provides prepare the best trading strategies, advice on whether to write an option or not and so on.

Orion: Through this high-speed trading platform, Motilal Oswal although being over 30 years old firm, keeps its firm up to date with the latest technologies and innovations. This trading platform enables investors and its users to trade online into stocks, commodities, mutual funds, Initial Public Offers, Bonds and Currencies. The real-time updates are available all the time and they also include online fund transfer from all the major banks.

This software also provides research and advisory on the go, charting tools, automatic news alerts and real-time Motilal Oswal brokerage calculator, restructuring service for their portfolio, trade guide signal, and quotes for the derivatives and contracts.

MO Investor App: The mobile trading app has a unique feature called ACE – Algo Trading apart from the other facilities such as portfolio and stock tips, personalized suggestions, single-click execution, snapshots, multiple-access tools, stock scanner, automated calls, MO Genie – an online chatbot and multiple languages. The ACE Cash feature specifically identifies growth-oriented stocks from the set algorithms that focuses to provide huge returns and a similar feature is available for derivatives as well for investments within 1-3 years.

This app exclusively provides their investors with ME Gold feature that allows them to invest and own the gold assets without any paperwork and users can select to keep them in a vault which is insured and it is provided free of costs. 

MO Trader App: This app – exclusively for traders, provides traders with the facility to trade with special features such as multiple market scanners, integrated features that allows traders to save the orders and place in just one go, customizable alerts and many more.

Motilal Oswal Review: Benefits and Drawbacks

When it comes to the Pros and Cons, Motilal Oswal stands stronger on the benefits side as a full-service broker. However, it has its own drawbacks too.

Pros: 

• The well-researched reports are their invaluable assets and their recommendations have benefitted millions of customers.
• The use of innovations and technologies have made trading and investment with Motilal Oswal easy and quick.  
• Various brokerage plans are specifically designed considering different types of traders and investors and the discounts are also provided accordingly.
• Their quick transfer facility allows the transfer of funds over 60 registered banks. 
• Their PMS service is ranked the best in the country among all others.

Cons:

• They do not offer 3-in-1, trading, Demat, and bank account service
• The customer service is not as efficient as other top full-service brokers.
• The mutual fund app does not offer direct investment.
• Motilal Oswal’s brokerage charges are quite high compared to other stock brokers.

Closing Thoughts

Motilal Oswal has a diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients. In this article, we have covered all the important details of Motilal Oswal Securities – review, brokerage charges, Demat account, margin, benefits and more. Check reviews of other top brokers on Nifty Brokers.