Motilal Oswal Securities Ltd. is a Mumbai based company that was incorporated in 1987. They have a reputed name in the world of financial services providers providing services across Institutional Broking, Private Wealth Management, Retail Broking and Distribution, Investment Banking & more.
Our article today will be primarily focused on evaluating the company with respect to the products they have to offer, services they extend, offers they come up with on a regular basis, brokerage and other relevant charges they levy and most importantly the remote trading platforms they provide access to their respective traders and investors across the nation.
Lets have a detailed Motilal Oswal Review Now –
Motilal Oswal Customer Ratings & Review
|Experience||9.0 / 10|
|Trading Platform||8.4 / 10|
|Product & Services||8.6 / 10|
|Brokerage Charges||8.2 / 10|
|Research||8.8 / 10|
|Overall Rating||8.60 / 10|
ABOUT Motilal Oswal (MOSL)
|Broker Type||Full Service Broker|
|Founder||Motilal Oswal, Raamdeo Agrawal|
Motilal Oswal is a financial services firm with various products and services such as Retail Broking and Distribution, Private Wealth Management, Institutional Broking, Asset Management, Private Equity, Commodity Brokering, Investment Banking, Currency Broking and Home Finance.
The Full Service brokers client includes foreign institutional investors, retail customers, mutual funds, financial and corporate clients.
Motilal Oswal has a network spread over 550 cities and towns comprising 2300 Business locations operated by the company and its Business Partners. The company had 10 lakh registered customers and team of approx. 2200 employees.
Motilal Oswal Securities has a very solid research team. They invest almost 10% of their revenue on equity research. By 2017, company had 30 research analysts researching over 240 companies across 25-divisions. From research perspective, Motilal Oswal’s research reports are very accurate.
Motilal Oswal Brokerage Charges
|Brokerage Charge & Fees|
|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 Transacton|
|Demat AMC Charges||Free or Rs.300 per Annum|
|Trading AMC Charges||Free|
|Margin Money||Minimum Rs.10,000|
|Brokerage Calculator||Motilal Oswal Brokerage Calculator|
The above mentioned table of contents have been deliberately positioned there so as to bring to your concern all the brokerage charges that Motilal Oswal impose up on their respective customers for trading with the firm or for seeking the services they have to offer.
As you can see, they typically charge Rs.70 per lot in terms of brokerage for Equity Options Trading, 0.5 % in terms of brokerage on the overall trade value of Equity Delivery Trading, 0.05% in terms of brokerage on the overall trade value of Equity Intraday.
The broking house charges 0.05% brokerage on the overall trade value of Commodity Options Trading, Equity Futures Trading & Currency Futures Trading. Rs.70 per lot in terms of brokerage for Currency Options Trading.
Apart from these, they also charge a sum of Rs.300 on a yearly basis in terms of AMC for the sake of maintaining a Demat Account and a minimum brokerage with respect to a certain percentage of trading.
The traders as well as investors availing the services of this brokerage house must also maintain a minimum of Rs.10,000 in terms of Margin Money so as to trade without any interference.
If you still feel the need for any further assistance in order to calculate the exact amount of brokerage you will be charged for trading a particular amount of shares across multiple equities and derivative, then you must check out their dedicated brokerage calculating tool.
Motilal Oswal Brokerage Plans
The broking house provides 2 types of Brokerage Plans –
- Value Pack Schemes
- Margin Schemes
Lets have details of the 2 brokerage plans below –
Motilal Oswal Value Pack Schemes
The Value pask schemes of Motilal Oswal is a prepaid scheme where the client has to pay brokerage in advance. The higher the prepaid amount the low the brokerage charge applies.
|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|
Motilal Oswal Margin Schemes
This brokerage plan is dependent on the amount of margin the client provides i.e. higher the margin amount & lower the brokerage charges.
|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|
|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|
Motilal Oswal Other Charges
|Transaction Charges||0.00335% of Total Turnover|
|STT||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)|
Motilal Oswal, as an open conciliator and provider of multiple financial trading related services charges 0.0002 % of the overall turnover value in terms of SEBI Turnover Charges, 18 % on the overall value of the sum of brokerage as well as transaction charges in terms of GST.
The broing house charges 0.00335 % on the overall value of turnover as Transaction Charges, 0.126 % on the overall value of turnover as Securities Transaction Charges and a variable but minimal amount in terms of Stamp Duty which is applicable with regards to the laws and boundaries of various states.
Motilal Oswal Demat Account Opening Charges
|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|
There is a reason that Motilal Oswal has more than ten lakh active traders and investors doing business with them from across the country.
They simply embrace anyone who hails from within India to become a part of the company’s trading culture by registering themselves without even having to pay a single penny for the procedure.
Furthermore, the registering clients do not even have to pay anything to take care of the annual maintenance with respect to Trading Accounts.
Nevertheless, the company does seek a charge of Rs.300 on a yearly basis with respect to the annual maintenance charge so as to maintain a Demat Account and a minimum balance of Rs.10,000 in terms of Margin Money from their respective traders and investors.
Motilal Oswal Offer
|Free Demat Account||Yes|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||Yes|
|1 Month Brokerage Free||Yes|
|Zero Brokerage for Loss Making Trades||No|
The above mentioned table of contents have been deliberately presented to you so as to give you a proper picture of any and every offer that Motilal Oswal comes up with either on a regular or periodic or occasional basis.
Typically speaking, they have offer in relation to the provision of opening a Free Trading Account, Discount On Brokerage, Flexible Brokerage Plans, Referral Offers, Opening of a Free Demat Account and a month worth of time where the customers can trade without being charged any brokerage.
Nonetheless, you must also understand that they have absolutely no offers in relation to Trading Happy Hours, Holiday Offers or the provision to charge Zero Brokerage for Loss Making Trades.
Only for the 1st month with Rs 500 waived and you can also avail free brokerage for first month, free access to research and advice’s and free use of trading platform. It is only valid for limited period.
How to Open Demat Account with Motilal Oswal?
Motilal Oswal has been serving the traders and investors across the nation ceaselessly for more than thirty years in a row which has also helped them to become one of the most trusted brands within the nation in terms of financial (equity and derivative based trading) service providers.
Looking at all the awards they have been awarded and all the services they provide, it will not be exaggerating to say that they have well earned their position amongst the top players across the nation.
So, if you too are looking forward to join their brigade then simply follow the steps as mentioned underneath:-
- Click on this link ‘Open Demat Account’
- As soon as you click on the button, a new form will pop up on your computer screen.
- Fill up the form providing all the required details without a mistake.
- You will receive a call from Motilal’s executive.
- They will share a online link which can be used for KYC procedure or you can call them for meeting aswell.
- Completing the KYC procedure will require you to have Aadhar Card, PAN Card, and a photograph in order to be able to verify your age, identity and address respectively.
- After you finish up submitting the from and completing the KYC procedure, you may expect a call from one of the authorized personnel on behalf of the company.
- After you conclude all the previously mentioned steps, you may expect to get the access to your new account within a couple of hours.
Why Open Motilal Oswal Trading Account?
The various reasons to open Motilal Oswal Trading Account is mentioned below –
- Available across asset classes
- Available across all devices – Mobile, Tablet, Desktop, & Web
- Varieties of customized actionable plan across investment styles & risk profiles
- Advanced tools & strategies for various requirements
Leading Broker in India
- Best Performing Equity Broker (in India) by CNBC TV18 – Financial Advisor Awards (4-times)
- 30+ years of wealth creation and expertise
- 10 lakh+ customers, 2200+ locations, 550+ cities
- Best Market Analyst for IT and FMCG sector
- Over 30000 research reports across 240 companies and 25 sectors
- Dedicated technical research teams for mid cap and large cap
- Availability of various reports across asset class
- LIVE streaming quotes on the website and technical charts helps taking right decisions
Product & Services
- All kind of trading & investment solutions are available at one stop (right from equities to Insurance)
- You can trade across exchanges like – BSE, NSE, NCDEX and MSEI
- All products are backed by the proper research & advice
- Highly skilled dedicated advisors. Call & Trade desk are also available
- Account opening is very simple and user friendly. Account gets activated within 24 hours
- Dedicated customer care service team
- Dedicated team for Risk Management System
Motilal Oswal Products & Services
The following are the various products & services offered by the stock broker –
Motilal Oswal Products
If you take a careful look into the aforementioned table of content, then you will get a clear picture of all the products Motilal Oswal, as a full service brokerage firm has to offer to their respective traders and investors.
They typically have products with relation to Systematic Investment Plans, Mutual Funds, Equity Trading, Currency Trading, Options Trading, Commodities Trading, Futures Trading and Forex Trading.
Nonetheless, you must also acknowledge the fact that they do not have any products related to Banking or Insurances.
Services offered by Motilal Oswal
|3 in 1 Acount||No|
|Trading Exposure||Upto 30x|
Upon looking carefully into the chart of contents that has been deliberately presented to you above, you will get to understand about all the services that Motiala Oswal extends to their respective traders and investors across the country.
Statistically speaking, they have exclusive offers in terms of Trading Services, Intraday Services, Demat Services, Stock Recommendation, Intraday Services and Portfolio Management Services with up to thirty times the exposure on trading.
Having said that, you must also bring into consideration that fact that they do not have any offers related to Robo Advisory, Trading Institution or 3 in 1 Accounts.
Motilal Oswal Research & Advisory
|Research & Advisory|
|Company Stock Review||Yes|
|Free Stock Tips||No|
|Daily Market Review||Yes|
Motilal Oswal are literally very proud of their team’s skills in providing some of the best Research and Advisory Based services to their respective traders and investors.
And, quite frankly, they are rightful about their choice of action, considering the fact that they provide research and advisory related services with regards to Initial Public Offering Reports, Monthly Reports, Company Stock Overview, Top Picks & more.
The only service with regards to financial Research and Advisory they do not provide is Free Stock Tips.
Motilal Oswal Exposure / Leverage / Margin / Limit
|Exposure / Leverage|
|Equity Delivery||Upto 15x|
|Equity Intraday||Upto 30x|
|Equity Futures||Upto 15x|
|Equity Options||Upto 5x|
|Currency Futures||Upto 15x|
|Currency Options||Upto 12x|
|Margin Calculator||Motilal Oswal Margin Calculator|
The table of contents as mentioned above has been presented in a way so as to give you proper hints about the kind of leverage Motilal Oswal has to offer to their registered traders and investors across all the major asset classes including Equity Intraday, Equity Delivery etc.
As must be clear to you by now, they typically offer a leverage of upto 15x on trading Currency Futures, a leverage of up to 12x on trading Currency Options, a leverage of up to 15x on trading Equity Delivery, a leverage of up to 15x on trading Commodities, a leverage of up to 5x on trading Equity Options, a leverage of up to 15x on trading Equity Futures and a leverage of up to 30x on trading Equity Intraday.
If you are still looking forward to get further assistance with regards to calculating the exact leverage you will be getting for trading in a particular set of shares from different asset classes altogether, then you should rather take the help of Motilal Oswal’s dedicated Margin calculator.
Motilal Oswal Trading Platforms
The Full Service broker has multiple trading platforms for different types of Investors –
|Desktop Platform – Windows||Yes|
|Desktop Platform – Mac||Yes|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||Yes|
Motilal Oswal, although one of the oldest firms in India serving across the financial wealth trading industry, has been consistent about their evolution in terms of new age trading platforms and approach.
As a matter of fact, they rely a lot over technology so as to keep their respective customers happy and satisfied. These are the platforms they bring into use to enable their respective traders and investors trade remotely:-
Motilal Oswal Trading Terminal
As a progressive full service brokerage firm, they have developed a compact software capable of enabling the users to trade through their respective computer systems called the Orion Lite.
Frankly speaking, Orion is one of the best terminal based trading platforms available in India. It comes with the following features:-
Orion – High Speed Trading Platform
Trading is but a pure game of Timing and Motilal Oswal, as one of the best brokerage firms in India acknowledges this fact rather well.
That is why they have made Orion a high speed trading platform to be used for trading innovative products across all asset classes ranging from Derivatives, Equities, Currencies, Mutual Funds, Commodities, Bonds & Initial Public Offerings.
The software is loaded with features like customizable shortcut keys to execute faster trades, 1 second rate refresh to show real time market fluctuations in feeds and instant fund transfer facility over 60 banks across the nation.
The software comes embedded with a variety of charting options providing over forty technical indicators in a single scrip.
The respective users are also granted access to numerous customizable indicators such as Bollinger Band, Moving Averages and Triple Exponential Moving Average to further help them with critical technical analyses.
Auto Alerts & Real Time Calculators
The software has been programmed in such a way that it alerts the respective users whenever a scrip or a group of scrips gets available for sale at lower than the spot rate therefore, helping the respective users to take swift decisions.
The software can also be customized by the respective users in order to help them keep track of a certain stocks through real-time spread calculations.
The software also has the capability to enable the respective users to keep track of their favorite stocks by creating various watch lists, each with the ability to showcase quotes related to Equity, Commodity, Derivatives, & Currency in real time.
The software grants the respective users complete access to the brokerage firm’s award winning and in-depth research reports across more than two hundred and sixty companies in more than twenty one different sectors in a matter of a single click.
The users can opt out to read the reports that are published on a daily, weekly or monthly basis or the featured reports. They can also search for and access any reports based upon various companies or sectors.
Advisory & Trading Calls
The software has been developed in a way that it grants the respective uses with a wide range of advice across multiple segments and time horizons, thus making investment and trading related decisions seem easier for the users based on their particular risk profile and investment styles.
The software comes loaded with integrated portfolio restructuring report in order to help the users to review and restructure their respective portfolios instantly.
It is also capable of displaying a single-pager view of all the user’s holdings across Equity & Mutual Funds alongside integrated research views on every single stock.
Trade Guide Signal
The software has been integrated with a feature called the ‘Trade guide Signal’, which is basically a innovative trend guiding tool that has the ability to auto-generate buy/sell suggestions based on a set of predefined complex technical rules.
This feature can also push SMS’s in real time whenever an Entry or Exit signal is generated to ensure that the respective users never miss an opportunity to trade in or out profitably.
Derivatives & Contracts
Get quotes for derivative prices, listing for F&O strike prices along with premiums for a given expiry. Also get access to the desired Contract Option chains easy and more specific to your needs at a single click!
Mobile Based Platform
Pertaining to the fact that Motilal Oswal have come up with two distinct mobile based platform dedicated for investors and traders respectively, it can be concluded why the traders as well as investors who are registered with the well-known firm stay extremely satisfied with them.
MO Investor Mobile Trading App – Motilal Oswal Investor App
The dedicated app for investors can be found in Google’s Play Store by the name MO Investor.
MO Investor app has more than five lakh downloads, a total of twenty four thousand one hundred and eight reviews with an average rating of 4.1. the app comes equipped with the following features:-
The app is capable of suggesting the right asset allocation mix in accordance to the respective user’s risk profile.
This app is capable of providing customizable restructuring recommendations in accordance to the respective user’s preferences.
Single Click Execution
The app enables the respective users to execute all the recommendations with a single click.
This app grants operations in multiple languages like English, Hindi, Gujarati & Tamil.
ACE – Algo Trading
MO Investor app has been integrated with a feature called ACE Cash which is basically an algorithm based portfolio identifier and creator that primarily aims to deliver higher returns by typically investing in numerous growth oriented stocks.
The app has been integrated with a feature called ACE Derivatives which is also an algorithm based portfolio identifier and creator that caters to the investors looking to gain higher exposure and generate favorable returns through their respective investments within a timeframe of 1-3 years.
ME Gold Feature
This app has been integrated with a feature called Me-Gold that enables the respective users to get ownership of gold assets completely online without any paperwork whatsoever.
Furthermore, the users can opt to vault their respective golds in a facility completely insured by MMTC PAMP without having to pay any making charges.
Nonetheless, the users are required to pay in case they require the gold to be delivered to them.
MO Investor enables the users to get a snapshot of their respective holdings, ongoing Systematic Investment Plans and maturing Systematic Investment Plans.
Multiple Access Tools
This app comes incorporated with access tools like fund scanners and fund comparison in order to help the respective users with their investment decisions.
MO Investor comes loaded with a stock scanner tool to help the users identify the suitable stocks in accordance to their respective strategies and assist them in making investment decisions.
MO Investor app is also capable of providing the users with the top rated scrips based on a set of pre-defined criteria such as top performers, highest yielding stocks and top revenue companies.
The app has an integrated chat bot called MO genie which can be referred to 24 X 7 in terms of all the financial & trading related queries.
MO Trader Mobile Trading App – Motilal Oswal Trader App
The dedicated app for traders can also be found in Google’s Play Store by the name MO Trader.
This app has more than one lakh downloads, a total of one thousand six hundred and fifty reviews with an average rating of 4.0. The app comes equipped with the following features:-
Multiple Market Screeners
MO Trader app comes integrated with up to twenty different market screeners that can be brought to use in order to identify the stocks that suit the strategy of a particular user.
Furthermore, the users can also buy, sell or add stocks in their respective watch lists from the screener itself.
The app has an integrated feature that enables the respective users to save numerous order drafts within a basket list and place all the orders in one go.
Furthermore, this feature also enables the users to edit the quantity and price of any or all of the saved orders and also remove any unwanted orders from the list with the help of a simplistic page with all the relevant information on available limits, depth, RSI, MTM as well as the acceptable price range for a particular scrip.
Detailed Company Info
This app lets the respective users to access a particular page that can provide accurate and relevant information about any company that the respective user searches for along with a detailed historical chart, FnO quotes, Recent News, Put- Call ratio, Market Depth and recommendations.
Create Multiple Views
MO Trader enables the users to create and view up to four distinct multi asset watch lists with the capability to add up to fifty scrips in a single watch list.
The respective users are also allowed to switch the watch lists with a single tap and directly place their respective orders by swiping on the desired scrip names.
This particular app also has other features like the ability to push customizable alerts, transfer funds from the respective user’s bank account to trading account with over sixty affiliated banks, customize the indices to be monitored and more.
Motilal Oswal Customer Care
|Toll Free Number||1800 200 6626|
As you can see from the above mentioned list of contents, Motilal Oswal extend their customer care support of a dedicated dealer, offline and online support, email support and 24 * 7 support through a network of eighty five branches located throughout the country, a toll free number that is 1800 200 6626.
Motilal Oswal Complaints
|Complaints (Current Year)|
|Lodged in BSE||178|
|Resolvd in BSE||165|
|Lodged in NSE||145|
|Resolved in NSE||130|
Motilal Oswal received one hundred and seventy eight complaints against them in the BSE and one hundred and forty five complaints the NSE.
However, a total of one hundred and sixty five and one hundred and thirty complaints against them were resolved within the BSE and the NSE respectively last year.
Motilal Oswal Advantages
The various advantages of the broking house are –
- Varieties of Investment Choices – Derivatives, IPOs, Equity or Mutual Funds.
- Many Discounted Brokerage Schemes offers true value for money.
- Ease of Operation with 39 plus banks for Fund Transfers.
Motilal Oswal Disadvantages
Looking for flaws on Motilal Oswal as a full service brokerage firm is like looking for a needle in a hay stack. Nevertheless, they still have a few things that can be rectified:-
- They do not provide any kind of chat support for their respective traders and investors.
- They do not provide any Free Stock Tips whatsoever.
Motilal Oswal Conclusion
Motilal Oswal, is undoubtedly one of the best brokerage firms India has ever had in the history of wealth trading and their continued efforts at developing new techniques, products and services to help their respective customers is sure to keep them that way even in the near future.