Here is a detailed comparison of Zerodha vs Motilal Oswal. Zerodha is a discount broker which provides flat Rs.20 per trade brokerage rate while Motilal Oswal has positioned themselves as elite stock broker based out of Mumbai. This comparison is very unique were two opposite poles will collide.
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 Zerodha & Motilal Oswal comparison will give a very detailed overview of which stock broker is suitable for you.
Now let’s Compare Motilal Oswal & Zerodha
Overview of Zerodha & Motilal Oswal |
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| Overview | Zerodha | Motilal Oswal |
| Company Type | Private | Public |
| Broker Type | Discount Broker | Full Service Broker |
| Headquarters | Bangalore, India | Mumbai, India |
| Founder | Nithin Kamath, Nikhil Kamath, Dr.Kailash Nadh | Motilal Oswal, Raamdeo Agrawal |
| Established Year | 2010 | 1987 |
Zerodha vs Motilal Oswal Customer Ratings Comparison |
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| Customer Ratings | Zerodha | Motilal Oswal |
| Experience | 8.7 / 10 | 9.0 / 10 |
| Products & Services | 9.4 / 10 | 8.4 / 10 |
| Brokerage Charges & Fees | 9.5 / 10 | 8.6 / 10 |
| Stock Research & Advisory | 9.6 / 10 | 8.2 / 10 |
| Trading Platforms | 8.5 / 10 | 8.8 / 10 |
| Overall Ratings | 9.14 / 10 | 8.60 / 10 |
| Star Ratings | ★★★★★ | ★★★★★ |
| Total Client Reviews | 5893 | 2907 |
Zerodha vs Motilal Oswal Demat Account Comparison |
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| Demat Services | Zerodha | Motilal Oswal |
| Depository Source | CDSL | NSDL & CDSL |
| Account Opening Charges | Rs.200 | Zero |
| Demat AMC Charges | Rs.300 per Annum | Free (Rs 550 2nd year onward) |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Offline to Online | S | R |
Motilal Oswal vs Zerodha Brokerage Charges Comparison |
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| Brokerage Charge & Fees | Zerodha | Motilal Oswal |
| Equity Delivery Trading | Rs 0 (Free) | 0.20% |
| Equity Intraday Trading | Flat Rs 20 or 0.03% (whichever is lower) per executed order | Rs 0 (Free for Lifetime) |
| Commodity Trading | Flat Rs 20 or 0.03% (whichever is lower) per executed order | Futures: 0.02% | Options: Rs 200 Per Lot |
| Equity Futures Trading | Flat Rs 20 or 0.03% (whichever is lower) per executed order | Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) |
| Equity Options Trading | Flat Rs 20 per executed order (on Turnover) | Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) |
| Currency Futures Trading | Flat Rs 20 or 0.03% (whichever is lower) per executed order | Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) |
| Currency Options Trading | Flat Rs 20 or 0.03% (whichever is lower) per executed order | Rs 0 (For 1st Month up to Rs. 1000 on FNO* Trading) |
| Minimum Brokerage | Zero | Percentage of Transaction |
| Demat AMC Charges | Rs.300 per Annum | Free or Rs.550 per Annum (From 2nd year) |
| Trading AMC Charges | Free | Free |
| Margin Money | 75% Margin | 75% Margin |
| Brokerage Calculator | Zerodha Brokerage Calculator | Motilal Oswal Brokerage Calculator |
Motilal Oswal & Zerodha Other Charges Comparison |
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| Other Charges | Zerodha | Motilal Oswal |
| Transaction Charges | 0.00325% of Total Turnover | 0.00335% 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 | Rs 10 / 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 Motilal Oswal & Zerodha Offers |
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| Offers | Zerodha | Motilal Oswal |
| Free Demat Account | S | R |
| Free Trading Account | S | R |
| Discount on Brokerage | R | R |
| Trading Happy Hours | S | S |
| Flexible Brokerage Plans | S | R |
| 1 Month Brokerage Free | S | R |
| Holiday Offers | S | S |
| Referral Offers | R | R |
| Zero Brokerage for Loss Making Trades | S | S |
Compare Services of Zerodha vs Motilal Oswal |
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| Services | Zerodha | Motilal Oswal |
| Demat Services | R | R |
| Trading Services | R | R |
| 3 in 1 Acount | S | S |
| Intraday Services | R | R |
| IPO Services | R | R |
| Stock Recommendations | S | R |
| Robo Advisory | S | S |
| PMS | R | R |
| Trading Institution | S | S |
| Trading Exposure | Upto 5x | Upto 5x |
Compare Motilal Oswal & Zerodha Research & Advisory |
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| Research & Advisory | Zerodha | Motilal Oswal |
| Fundamental Reports | S | R |
| Research Reports | S | R |
| Company Reports | S | R |
| Annual Reports | S | R |
| Company Stock Review | S | R |
| Free Stock Tips | S | S |
| IPO Reports | S | R |
| Top Picks | S | R |
| Daily Market Review | S | R |
| Monthly Reports | S | R |
| Weekly Reports | S | R |
| Offline Advisory | S | R |
| Relationship Manager | S | R |
Zerodha vs Motilal Oswal Exposure/Leverage |
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| Exposure / Leverage | Zerodha | Motilal Oswal |
| 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 | Zerodha Margin Calculator | Motilal Oswal Margin Calculator |
Zerodha vs Motilal Oswal Product Comparison |
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| Products | Zerodha | Motilal Oswal |
| Equity Trading | R | R |
| Commodity Trading | R | R |
| Currency Trading | R | R |
| Options | R | R |
| Futures | R | R |
| Mutual Funds | R | R |
| Forex | S | R |
| Banking | S | S |
| SIP | R | R |
| Insurance | S | S |
Zerodha vs Motilal Oswal Trading Platform Comparison |
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| Trading Platforms | Zerodha | Motilal Oswal |
| 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 |
Zerodha vs Motilal Oswal Customer Support |
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| Customer Support | Zerodha | Motilal Oswal |
| Dedicated Dealer | S | R |
| Offline Trading | S | R |
| Online Trading | R | R |
| 24*7 Support | R | R |
| Email Support | R | R |
| Chat Support | R | S |
| Toll Free Number | S | 1800 200 6626 |
| Branches | Zero | 85 |
Zerodha vs Motilal Oswal Customer Complaints |
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| Complaints (Current Year) | Zerodha | Motilal Oswal |
| Lodged in BSE | 220 | 178 |
| Resolved in BSE | 217 | 165 |
| Lodged in NSE | 189 | 145 |
| Resolved in NSE | 185 | 130 |
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