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This article gives you the details regarding Motilal Oswal Charges. Motilal Oswal is one of the largest stockbroking firms that allows traders to trade in all asset classes.

Here, we will cover Motilal Oswal brokerage charges, their account opening charges, transaction changes & more. So, let’s take a review.Motilal Oswal


Motilal Oswal Brokerage Charges

Find below the details of Motilal Oswal brokerage charges:

Brokerage Charges
Equity Delivery0.50%
Equity Intraday0.05% (both side)
Equity Futures0.05% (both side)
Equity OptionsRs 100 per lot (both side)
Currency FuturesRs 20 per lot (both side)
Currency OptionsRs 20 per lot (both side)
Commodity0.05% (both side)

Motilal Oswal charges an average brokerage charge compared to its peers. While the brokerage charges are not very cheap they are not exorbitant as well.

The thing that as a trader or investor you need to consider is that they offer multiple services against the fee they charge. For equity delivery, the charge is 0.5% while for intraday it is 0.05% on both sides and the same goes for equity futures.

For equity options, you need to pay Rs. 100 per lot for both sides. For currency futures and options, the brokerage is nominal which is Rs. 20 per lot for each side. For trading commodities, the brokerage charge is 0.05% on both sides.

Comprehend with us all the features of this stock broking company in our Motilal Oswal Review.


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    Motilal Oswal Account Opening Charges

    Get detailed of Motilal Oswal account opening charges:

    Account Opening Charges
    Trading Charges [One Time]Rs 0
    Trading AMC [Yearly]Rs 0
    Demat Charges [One Time]Rs 0
    Demat AMC [Yearly]Free (Rs 550 2nd year onward)
    Margin MoneyNot required

    There is only one charge related to accounts which is the annual maintenance charge (AMC) for the Demat account which you need to pay from the second year onwards as long as you maintain the account.

    Motilal Oswal charges around Rs. 550 per year as AMC for Demat account.

    Compute your brokerage charges and fees with our Motilal Oswal Brokerage calculator in detail.


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    Motilal Oswal Transaction Charges

    Get detailed table of Motilal Oswal transaction charges:

    Transaction Charges
    Equity DeliveryNSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side)
    Equity IntradayNSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side)
    Equity FuturesRs 200 per Cr (0.002%)
    Equity OptionsNSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium)
    Currency FuturesRs 125 per Cr (0.00125%)
    Currency OptionsRs 4200 per Cr (0.042%)(on premium)
    CommodityMCX: Rs 250 per Cr (0.0025%)

    For equity delivery, the transaction charges are Rs. 335 per crore on NSE and Rs. 1000 per crore on BSE. So, trading on BSE and taking delivery of shares is highly expensive with Motilal Oswal.

    However, for all other segments like equity intraday, and equity options, at BSE it is cheaper as you can compare from the table given above.

    For instance, equity options’ transaction charges at BSE are Rs. 200 per crore or 0.002% while at NSE it is Rs. 5110 per crore or 0.0511% which is way too high.

    The transaction charges are given for all the segments of trading, you can find out the relevant transaction charges as per your trading segment from the table above.


    Motilal Oswal Securities Other Charges

    Find below the information regarding various other charges levied by the Motilal Oswal.

    SegmentsCharges
    Reactivation ChargesRs 150 per instruction
    Account Closure ChargesRs 60 per instruction
    Dematerialisation ChargesRs 50 per request + Rs 50 per certificate
    Pledge CreationRs 35 or 0.02% (whichever is higher) per ISIN request
    Pledge InvocationRs 35 or 0.02% (whichever is higher) per ISIN request
    Margin Pledge/Unpledge/ Pledge closureRs 35 or 0.02% (whichever is higher) per ISIN request
    Margin RepledgeRs. 15.5 + Rs. 15.5 (Rs. 31 per scrip)
    Account Administration Charges (AAC)Rs 199
    AdvanceRs 0
    Demat Transaction Charges – Within MOFSL (Sell only)Rs 30 or 0.03% (whichever is higher)
    Demat Transaction Charges – Outside MOFSL (Sell only)Rs 40 or 0.04% (whichever is higher)
    RematerialisationRs 35 per certificate

    Apart from brokerage and transaction charges, there are certain additional charges which increase the cost of investments and trading and thus reduce the overall return.

    Some of the charges at Motilal Oswal that you need to be aware of are Margin Pledge charges which are Rs. 15.5+Rs. 15.5 or Rs. 31 per scrip. Then there are Account administration charges or AAC which is Rs. 199.

    For Demat transaction charges within MOFSL for sell only is Rs. 30 or 0.03% whichever is higher and for outside MOFSL it is Rs. 40 or 0.04% – higher of the two.

    For the Rematerialization of shares, you need to pay Rs. 35 for each certificate. If you want to close the account you need to pay Rs. 60 while for reactivation you need to pay Rs. 150 for each instruction.


    Motilal Oswal Regulatory & Government Charges

    SegmentsCharges
    SEBI Turnover Charges0.0001% (₹10/Crore)
    STTEquity 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
    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)
    GST18% on (Brokerage + Transaction Charge + SEBI Fee)

    Like every DP, Motilal Oswal also charges the statutory charges from the customers which it has to pay to the government. The charges include SEBI charges, STT, Stamp duty, and GST.

    The SEBI charge is Rs. 10 per crore of transacted value. The STT and stamp duty varies as per the trading segment.

    And the GST is the same across the country for all segments for all DPs which is 18% on brokerage plus transaction charges and SEBI fee.

    You can find the details of the STT and Stamp duty charges in details in the table given above.


    Motilal Oswal Brokerage Charges – Conclusion

    Motilal Oswal may charge a little higher brokerage charges, but it provides unlimited facilities to its customers. From high-end technology in their trading platforms to high-quality research and reports and a lot more.

    They offer PMS, financial advisors, and many other facilities that most brokers don’t.


    Motilal Oswal Brokerage Charges FAQs

    Here is the list of FAQs related to the Motilal Oswal brokerage charges:

    Does Motilal Oswal Charge Brokerage?

    Yes, Motilal Oswal charges brokerage for providing trading and Demat services to the customers. It has different brokerage plans and accordingly, the brokerage charges are decided.

    What are Motilal Oswal Brokerage Charges?

    The brokerage charges of Motilal Oswal are as follows –

    • For Equity Delivery, the brokerage is 0.50%
    • For Equity Intraday, it is 0.05% (both sides)
    • Equity Futures 05% (both side)
    • Equity Options are charged at Rs 100 per lot (both sides)
    • Currency Futures are charged Rs 20 per lot (both sides)
    • Currency Options are also charged at Rs 20 per lot (both sides)
    • On Commodity, the brokerage charge is 0.05% (both sides)

    What is the Intraday Brokerage of Motilal Oswal?

    For intraday trading at Motilal Oswal, the brokerage charge is 0.05% on both sides. So, if you trade worth Rs. 10000 then the brokerage charge will be Rs. 5 on each side and the total brokerage will be Rs. 10 is Rs. 5 plus Rs. 5.

    What Other Charges were levied by Motilal Oswal?

    There are a set of other charges levied by the stockbroker and they are levied on each transaction just like brokerage is. The list goes on like SEBI Turnover Charges, STT, Stamp Duty, GST, Transaction charges, and Margin Funding Charges.

    Is Motilal Oswal a discount broker?

    No, this stockbroker is rather from the arena of full-service stockbrokers who have a strong offline presence and have a specially deployed team for research and advisory service. They have a high charge of brokerage but are fair following the services they provide.

    Does Motilal Oswal have Free Delivery?

    No, the free delivery advantage is not among the list of perks which is provided by this stockbroker. There is a fixed rate of brokerage attached to this segment, and you need to provide the same rate of brokerage to the stockbroker.

    How much does Motilal Oswal Charge for Options?

    Motilal Oswal charges Rs. 100 per lot for equity options while for currency options it is Rs. 20 per lot. However, the brokerage is levied on both sides so it cumulates to Rs. 200 for equity options and Rs. 40 for currency options on each trade.

    What is Motilal Oswal Transaction Charges?

    The transaction charges of Motilal Oswal vary as per the segment you are trading. Here it goes –

    • For Equity Delivery, it is Rs 335 per Cr (0.00335%) on NSE, and on BSE, it is Rs 1000 per Cr (0.01%) (each side)
    • For Equity Intraday, the charges are Rs 325 per Cr (0.00325%) at NSE and on BSE Rs 200 per Cr (0.002%) (each side)
    • Equity Futures- Rs 200 per Cr (0.002%)
    • Equity Options – NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium)
    • Currency Futures – Rs 125 per Cr (0.00125%)
    • Currency Options – Rs 4200 per Cr (0.042%)(on premium)
    • Commodity – MCX: Rs 250 per Cr (0.0025%)

    What is the Demat AMC in Motilal Oswal?

    The Demat account annual maintenance charge is Rs. 550 from the second year onwards. There is no annual maintenance fee for the trading account and also no AMC for the first year of the Demat account.

    Is Motilal Oswal Brokerage Free?

    No, there is no specific segment in which the brokerage is waived off, and hence this stockbroker is not brokerage free. There is a levied rate of brokerage for all the domains of investment, i.e. the different asset classes that Motilal Oswal provides for investment.

    What are the charges of the Motilal Oswal Demat account?

    The charges of the Demat account are as follows –

    • Demat opening charges – Nil
    • Demat AMC – Rs. 550 from the second year onwards

    What is margin plus in Motilal Oswal?

    Margin Plus is a feature in the Motilal Oswal Trading application where you can select the type of product you want to trade under Margin Plus and then enter the number of shares that you want to buy against your margin. You can then select the place order option and confirm button to place the order. This is a margin trading feature offered by Motilal Oswal where you can trade easily using your margin. 

    What is the margin amount in Motilal Oswal?

    You can keep a margin of your choice that is from Rs. 0 to Rs. 24999 and there is another scheme when the margin could be Rs. 5 lakhs as well and you can trade against the margin as per margin trading norms of the brokerage house.

    What are custodian charges?

    The custodian fees at Motilal Oswal vary from Rs. 0.5 to Rs. 1 for each of the ISIN. Custodian charges are the charges which are paid to the brokerage house that is managing your investments and account.

    How long does it take to open an account with MOSL?

    You can open your Motilal Oswal account within 15 minutes by opting for an online account opening. You have to just visit the MO website and click on the ‘open an account tab. Then fill out the application given there and click on submit. Then you will have to upload documents, and you will receive your password and user id within the blink of an eye once your application gets approved. 

    What are the different modes available for trading in MOSL?

    You can trade on the Motilal Oswal platform using –

    • Motilal Oswal desktop Trading Application (EXE)
    • Website trading Platform
    • Application for Trading on mobile phones or smartphones. 

    What is AMC for Motilal Oswal?

    The annual maintenance charge of Motilal Oswal is Rs. 550 for the Demat account while there is no AMC for the trading account. 

    How much does Motilal Oswal charge for delivery?

    The brokerage fee for equity delivery trades is 0.5% of the transacted amount. This means if you take delivery of shares worth Rs. 1000, you have to pay Rs. 5 as the delivery brokerage fee. 

    How much does Motilal Oswal charge for intraday?

    The intraday brokerage charges at Motilal Oswal is 0.05% which means day trading worth Rs. 10000, you will be paying Rs. 5 as the brokerage amount. 

    How much does Motilal Oswal charge for futures and options?

    For equity futures, you will be paying 0.05% of the amount of trade while for currency futures, the brokerage charge is Rs. 20 per order. For equity options, the brokerage MO levies are Rs. 100 per lot and Rs. 20 per lot for currency options on both sides of the trade.

    Does Motilal Oswal offer IPO?

    Yes, you can apply for IPO using the MO app. Motilal Oswal notifies all the investors about the upcoming IPOs well in advance, and applying for IPO is hassle-free with Motilal Oswal.

    Does Motilal Oswal provide tips?

    Yes, Motilal Oswal has a prudent team that performs research and analysis about the market all the time to provide the best tips and market opportunities to the customers.


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