FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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7.26% 958,025 Clients
Motilal Oswal Account Opening Enquiry
FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.
With over 35 years of industry experience and a client base which expands to more than 50 lakhs, Motilal Oswal Financial Services Ltd. (MOFSL) has become synonymous with India's investment partner. Incorporated in the year 1987, the financial services firm offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, US Stocks, Gold, Insurance, Fixed Income products and readymade portfolios such as Stock Baskets, Intelligent Advisory Portfolios, etc.
Motilal Oswal's key USP is its deep industry experience and research advisory. The company has won multiple awards for its research services. The research division has published over 80,000 reports covering 100 stocks across 45 sectors. It regularly publishes reports on companies, sectors, thematic investing and market analysis.
Apart from having retail investors as their clients, Motilal Oswal is known for having a diversified client base that includes High-Net worth Individuals, mutual funds, foreign institutional investors, financial institutions and corporate clients.
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.
This is a limited-time offer. Simply Open your FREE Demat Account in 5 Minutes.
Transaction | Charges |
---|---|
Trading Account Opening | Rs 0 (Free) |
Trading Annual Maintenance (AMC) | Rs 0 (Free) |
Demat Account Opening | Rs 0 (Free) |
Demat Account Annual Maintenance (AMC) | Rs 0 (Free) |
Account Administration Charges (AAC) | Rs 199 |
At Motilal Oswal, you are charged a brokerage of 0.20% for Equity Delivery per transaction, 0.02% for Equity Intraday & Futures; and ₹20 per lot for Equity and Currency Options. However, the main advantage of trading with Motilal Oswal is that you can now trade in equity intraday at 0 brokerage for Lifetime. Not only this, but you can also negotiate and reduce your brokerage charges if you trade in larger volumes - something which is not available with discount brokers.
Segment | Brokerage |
---|---|
Equity Delivery | 0.20% |
Equity Intraday | Lifetime Free |
Equity Futures | 0.02% |
Equity Options | Rs 20 per lot |
Commodity Futures | 0.02% |
Commodity Options | Rs 200 Per Lot |
Currency Futures | Rs 20 per lot |
Currency Options | Rs 20 per lot |
Visit Motilal Oswal Brokerage Charges Review for more detail.
Motilal Oswal offers a range of online trading and investing software and mobile apps. Following are a few popular trading software offered by Motilal Oswal Financial Services:
Visit Motilal Oswal Trading Software Review for more detail.
Motilal Oswal Account Opening Enquiry
FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes.
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.
The following are the cons of Motilal Oswal. Check the list of Motilal Oswal drawbacks.
Motilal Oswal margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Motilal Oswal F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Motilal Oswal F&O carry forward positions and equity delivery trades.
Segment | Margin | Leverage |
---|---|---|
Equity Delivery | 100% of trade value for T+5 days | 1x |
Equity Intraday | Up to 20% of trade value | 5x |
F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure + Delivery margin) | 1x |
Overall Rating | 2.2/5 |
Fees | 2.7/5 |
Brokerage | 2.1/5 |
Usability | 2.9/5 |
Customer Service | 2.5/5 |
Research Capabilities | 2.3/5 |
Based on 143 Votes by Motilal Oswal Customers
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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** | % |
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NSE | 2024-25 | 958,025 | 129 | 0.01% |
NSE | 2023-24 | 893,218 | 498 | 0.06% |
BSE | 2023-24 | 485,252 | 99 | 0.02% |
NSE | 2022-23 | 805,125 | 516 | 0.06% |
BSE | 2022-23 | 326,006 | 33 | 0.01% |
NSE | 2021-22 | 896,851 | 445 | 0.05% |
BSE | 2021-22 | 270,382 | 50 | 0.02% |
NSE | 2020-21 | 564,034 | 491 | 0.09% |
BSE | 2020-21 | 108,657 | 12 | 0.01% |
NSE | 2019-20 | 377,123 | 332 | 0.09% |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit Motilal Oswal Complaints at BSE, NSE and MCX for detail report.
Motilal Oswal offers a variety of investment products such as Intelligent Advisory Portfolios, ready-made expert-curated baskets of stocks, smallcases, insurance, bonds, etc. Below are some of the investment products offered by Motilal Oswal:
IAPs are a broad range of pre-packaged equity portfolios advised by registered investment advisors (RIAs) that are suitable for both active and passive investors. These portfolios are curated & monitored by RIAs and follow strict rules and parameters to manage the risk/return ratio of your investment.
To invest in Intelligent Advisory Portfolios by Motilal Oswal, please follow the steps below:
Smart baskets are portfolios of stocks that are expertly curated to cater to the specific needs of investors. These baskets are meticulously designed by the MO research team, taking into account various factors such as sector, performance and long-term value generation. Each basket of stocks focuses on a specific theme, sector or investment strategy, providing investors with diversified exposure to stocks that align with their investment objectives. To invest in Smart Baskets with Motilal Oswal, follow the steps below:
By opening an account with Motilal Oswal, investors can now invest in "smallcases", a curated portfolio of stocks that are intelligently designed and pooled based on a specific investment theme, strategy or sector. Motilal Oswal Smallcases are carefully constructed by in-house professionals who conduct in-depth research and analysis to select the stocks or ETFs they contain. Expert curated smallcases are built around a unique investment thesis, such as sector-based smallcases, thematic smallcases, or model-based smallcases. To invest in Smallcases with Motilal Oswal, follow the steps below:
Motilal Oswal account cannot be closed online.
Steps for closing your Motilal Oswal account offline are as follows:
Points to note before initiating the account closure:
Motilal Oswal is a trusted brand in India. The company operates in the Indian stock market and is considered as one of the best stock brokers.
Motilal Oswal offers a wide range of financial services to its clients, from various types of demat accounts to investments and trading in almost all securities available in the Indian market. Some of the key aspects related to Motilal Oswal are:
Motilal Oswal is a full service stock brokerage firm operating in the Indian market since 1987.
Discount brokers mainly provide buying and selling of financial assets at a cheaper price than full service brokers. However, discount brokers do not offer facilities such as personalised advice and research.
Motilal Oswal offers research, recommendations, personal advice, scheme analysis, etc. in addition to buying and selling securities.
Yes, Motilal Oswal is a full-service brokerage firm. The company is headquartered in Mumbai and its operations are spread across the country.
Motilal Oswal is a financial services company founded in 1987. The company is headquartered in Mumbai and offers its services nationwide through its branches in various states.
Motilal Oswal offers a wide range of financial services such as asset management, brokerage and distribution, commodity trading, portfolio management, institutional equity, private equity and investment banking.
The company offers various products and services and paves numerous opportunities for investors and traders.
The company allows you to open demat and trading accounts, various trading platforms such as MO Investor App, MO Trater App and various calculators such as Brokerage Calculator, SIP calculator, etc.
Financial services offered by Motilal Oswal include - Dedicated Advisory, SIP via Whatsapp, Portfolio Restructuring, 24*7 Chat Services, ICICI Bank Loan Services, etc.
Motilal Oswal offers online desktop platforms and mobile applications for trading and investment. Customers can trade and invest in a variety of products such as Mutual Funds, PMS, Shares, Fixed Deposits, Bonds, NCDs, Insurance Products, IPOs, etc. and keep track of all their investments and related funds through these online platforms. The company also allows its customers to open a 2-in-1 account (Demat and Trading).
Motilal Oswal has established offices in various states and cities from where the company's business is operated and managed. This is also beneficial for the customers as they can easily contact them if they have any queries.
Motilal Oswal is a well-known stock brokerage firm that offers financial products and services. Some of the features of Motilal Oswal are:
Are you a Zerodha Customer?
Rs 0 Account Opening Fee
Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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