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Motilal Oswal vs Upstox or RKSV – Compare Brokerage Charges, Demat Account & more

Last Updated Date - Aug 29, 2023

Here is a detailed comparison of Motilal Oswal vs Upstox. This comparison includes all metrics required to give a detailed idea about both the stock brokers. In this comparison we will cover the similarities between Motilal Oswal vs Upstox along with differences.

Motilal Oswal vs Upstox

In this comparison, we are going to touch upon more than 100 metrics. Here are the list top view metrics we are using for comparison:

  • Overview
  • Customer Ratings
  • Demat Account
  • Research & Advisory
  • Brokerage Charges & Fees
  • Other Charges
  • Services
  • Products
  • Exposure/Leverage
  • Trading Platform
  • Offers
  • Customer Support
  • Complaints

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This Motilal Oswal vs Upstox or RKSV comparison will give a very detailed overview of which stock broker is suitable for you.


Now let’s Compare Motilal Oswal vs Upstox:

Overview of Motilal Oswal & Upstox

Overview Motilal Oswal Upstox
Company Type Public Private
Broker Type Full Service Broker Discount Broker
Headquarters Mumbai, India Mumbai, India
Founder Motilal Oswal, Raamdeo Agrawal Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath
Established Year 1987 2011

Motilal Oswal vs Upstox Customer Ratings Comparison

Customer Ratings Motilal Oswal Upstox
Experience 9.0 / 10 8.1 / 10
Products & Services 8.4 / 10 8.0 / 10
Brokerage Charges & Fees 8.6 / 10 7.9 / 10
Stock Research & Advisory 8.2 / 10 9.0 / 10
Trading Platforms 8.8 / 10 5.0 / 10
Overall Ratings 8.60 / 10 7.90 / 10
Star Ratings ★★★★★ ★★★☆☆
Total Client Reviews 2907 2147

Motilal Oswal vs Upstox Demat Account Comparison

Demat Services Motilal Oswal Upstox
Depository Source NSDL & CDSL CDSL
Account Opening Charges Zero Rs 0 (Free)
Demat AMC Charges Free (Rs 550 2nd year onward) Rs 249
Trading AMC Charges Free Free
Margin Money 75% Margin 75% Margin
Offline to Online R S

Upstox vs Motilal Oswal Brokerage Charges Comparison

Brokerage Charge & Fees Motilal Oswal Upstox
Equity Delivery Trading 0.20% Zero
Equity Intraday Trading Rs 0 (Free for Lifetime) Rs.20 per executed order or 0.05% (whichever is lower)
Commodity Trading Futures: 0.02% | Options: Rs 200 Per Lot Rs.20 per executed order or 0.05% (whichever is lower)
Equity Futures Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) Rs.20 per executed order or 0.05% (whichever is lower)
Equity Options Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) Flat Rs.20 per executed order
Currency Futures Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) Rs.20 per executed order or 0.05% (whichever is lower)
Currency Options Trading Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) Flat Rs.20 per executed order
Minimum Brokerage Percentage of Transaction Rs.20
Demat AMC Charges Free or Rs.550 per Annum (From 2nd year) Rs.249
Trading AMC Charges Free Rs. 354
Margin Money 75% Margin 75% Margin
Brokerage Calculator Motilal Oswal Brokerage Calculator Upstox Brokerage Calculator

Upstox & Motilal Oswal Other Charges Comparison

Other Charges Motilal Oswal Upstox
Transaction Charges 0.00335% of Total Turnover 0.00275% of Total Turnover
STT 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
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
SEBI Turnover Charges 0.00005% (Rs. 5/Crore) 0.00005% (Rs. 5/Crore)
Stamp Duty (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX) (On buy side only)Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%. Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
GST 18% on (Brokerage + Transaction Charge + SEBI Fee) 18% on (Brokerage + Transaction Charge + SEBI Fee)

Compare Upstox & Motilal Oswal Offers

Offers Motilal Oswal Upstox
Free Demat Account R S
Free Trading Account R R
Discount on Brokerage R R
Trading Happy Hours S S
Flexible Brokerage Plans R S
1 Month Brokerage Free R S
Holiday Offers S S
Referral Offers R S
Zero Brokerage for Loss Making Trades S S

Compare Services of Motilal Oswal vs Upstox

Services Motilal Oswal Upstox
Demat Services R R
Trading Services R R
3 in 1 Account S S
Intraday Services R R
IPO Services R R
Stock Recommendations R S
Robo Advisory S R
PMS R S
Trading Institution S S
Trading Exposure Upto 5x Upto 5x

Compare Upstox & Motilal Oswal Research & Advisory

Research & Advisory Motilal Oswal Upstox
Fundamental Reports R S
Research Reports R S
Company Reports R S
Annual Reports R S
Company Stock Review R S
Free Stock Tips S S
IPO Reports R S
Top Picks R S
Daily Market Review R S
Monthly Reports R S
Weekly Reports R S
Offline Advisory R S
Relationship Manager R S

Motilal Oswal vs Upstox Exposure/Leverage

Exposure / Leverage Motilal Oswal Upstox
Equity Delivery 1x 1x
Equity Intraday Upto 5x Upto 5x
Equity Futures 1x 1x
Equity Options 1x 1x
Currency Futures 1x 1x
Currency Options 1x 1x
Commodities 1x 1x
Margin Calculator Motilal Oswal Margin Calculator Upstox Margin Calculator

Motilal Oswal vs Upstox Product Comparison

Products Motilal Oswal Upstox
Equity Trading R R
Commodity Trading R S
Currency Trading R R
Options R R
Futures R R
Mutual Funds R S
Forex R S
Banking S S
SIP R S
Insurance S S

Motilal Oswal vs Upstox Trading Platform Comparison

Trading Platforms Motilal Oswal Upstox
Desktop Platform – Windows R R
Desktop Platform – Mac R R
Desktop Browser Platform R R
Mobile Site Platform R R
Android App Platform R R
iOS App Platform R R
Windows App Platform S S
Other Mobile OS Platform S S
Real time Updates R R
Portfolio Details R R
Online MF Buy R R
News Flash R R
Research Reports R R
Easy Installation R R
Global Indices R R
Stock Tips R R
Personalized Advisory R R
Interactive Charts R R
Live Markets R R
SMS Alerts R R
Email Alerts R R
Multi Account Management R R

Motilal Oswal vs Upstox Customer Support

Customer Support Motilal Oswal Upstox
Dedicated Dealer R S
Offline Trading R S
Online Trading R R
24*7 Support R S
Email Support R R
Chat Support S S
Toll Free Number 1800 200 6626 S
Branches 85 Zero

Motilal Oswal vs Upstox Customer Complaints

Complaints (Current Year) Motilal Oswal Upstox
Lodged in BSE 178 185
Resolved in BSE 165 126
Lodged in NSE 145 175
Resolved in NSE 130 139

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