Motilal Oswal Demat Account – Find Opening Process, Charges & moreLast Updated Date: May 02, 2022
Motilal Oswal is a renowned stockbroker in the country, and it is one of the largest and most famous broking houses as well.
A wide range of investment options that comes with the Motilal Oswal Demat Account makes the life of the investors much easier.
The Motilal Oswal Trading Account opens a door of opportunities in the stock market with the variety of services it offers and the facilities that are associated with these accounts.
In this article, we will guide you about the process for opening a Demat and trading account with Motilal Oswal and the features and advantages of the accounts.
Apart from these, you will also read and learn about the various charges on these accounts, like the annual maintenance fees or the account opening charges, and others.
Motilal Oswal Demat Account
Motilal Oswal is the founder of Motilal Oswal Financial Services Limited which is largely known for its Solid Research services.
It was established in the year 1987, which makes it a stock brokerage house with more than a history of three decades.
The traders who trade using Motilal Oswal Demat Account have always been satisfied with the quality of service provided by this stockbroker and often refer it as the Best Demat Account in India.
Here are some of the most important features of the broker’s different Demat accounts –
Multiple Investment Options
The first kind of Demat account offered to the traders is the Default Account, which is suitable for the standard trading process.
This Demat account provides various investment options for the traders, and every trader can find their kind of investment options according to the risk appetite.
This account type is perfect for the traders who are casual about trading and not regular active traders and, most importantly, who are investing in the long term.
The Default Demat account offers investment in equities, currencies, commodities, mutual funds, fixed income instruments, and mutual funds. It also provides portfolio management services.
Motilal Oswal Value Pack Account
The next type of account offered by Motilal Oswal is known as Value Pack.
This type of account is for the active daily traders who trade in bulk and thus need discounts on the brokerage charges to carry on their daily trades and profit from them.
Traders using this account type will be entitled to receive heavy discounts as per the pack they select. They need to subscribe to certain packages where the brokerages will vary accordingly.
Thus it will help them reduce the brokerage compared to standard brokerage charges charged by the broker.
Motilal Oswal Margin Pack Account
The third type of Demat account offered by Motilal Oswal is called Margin Pack. This type of account is also suitable for daily traders.
The difference between this one and the Value pack is, here, the package or the scheme is decided based on the margin money you keep in the trading account for trading.
You can avail of various discounts on brokerage depending on the amount of margin and the package you have chosen.
Looking for a reliable platform which will do all the searching and researching for you, check out the Motilal Oswal Review section.
Open Motilal Oswal Demat Account – Fill up the Form Now!
How to Open a Motilal Oswal Demat Account?
To Open Motilal Oswal Demat Account, you have to –
- Click on the button that you see here – Open Demat account.
- A form will pop up. Fill the state with the details that are asked in the form. Submit it.
- You will get a call from the Motilal Oswal executive; he will share a Motilal Oswal EKYC Link.
- Then you have to upload the documents required for the KYC purpose or verification purpose, as you call it. You will need to upload a scanned copy of PAN, AADHAAR, Cancelled Cheque, and your photo.
- Once these documents are uploaded, you will get a call from the Motilal Oswal executives. Your documents will be verified at their end. You will receive the login credentials in your registered email.
Similar Demat Accounts you may also Like
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Motilal Oswal Demat Account Charges
|Motilal Oswal Demat Charges|
|Trading Charges [One Time]||Rs 0|
|Trading AMC [Yearly]||Rs 0|
|Demat Charges [One Time]||Rs 0|
|Demat AMC [Yearly]||Free (Rs 400 2nd year onward)|
|Margin Money||75% Margin|
The Motilal Oswal Account Opening Charges are not there, so you can open an account with Motilal Oswal with zero Charges.
The Demat account is under the depositories, which are CDSL and NSDL. With the Demat account, you can also dematerialize your existing shares, and these features are not that common with other brokers.
Motilal Oswal AMC or Annual Maintenance Charges
The Motilal Oswal AMC is Rs. 400 for the Demat account at its maximum. It can be free if you get offers, and the brokerage house frequently provides such recommendations.
There are no maintenance charges on the trading account, so your yearly expenses on the accounts are not there with Motilal Oswal.
To know more, also check Motilal Oswal Brokerage Charges.
Motilal Oswal Trading Account
The Motilal Oswal Trading Account offers a wide range of services and facilities –
Advantages of Motilal Oswal Trading Account
- The first advantage that you will get is the huge network and experience of the broker. The broker has been in the industry for more than 30 years and has built a huge network of financial professionals, sub-brokers, traders, and investors.
- Trading platforms offered by the stock brokerage house are highly advanced; they have different types of trading platforms available for mobiles, desktops, laptops.
- There are a variety of financial instruments that you can trade. The stockbrokers allow you to trade fixed deposits instruments and IPOs apart from the traditional financial instruments like equities and commodities.
- There are different types of accounts for different types of traders and investors. As you saw above, there are value packs and margin packs for the traders who trade actively and require discounts on their brokerage.
- There are more than sixty banks linked with the trading account and Demat account of Motilal Oswal, and you can transfer your funds using any of these banks, which makes your trading experience way smoother.
- The stockbroker, a traditional broker and one of the oldest markets, provides high-quality research on stocks and the market. You can avail all these research facilities when you open a Motilal Oswal Demat account.
- You can trade by keeping only Rs. 10000 as the margin money, which is comparatively lower than another brokerage house of this scale.
- You get a free trading account, and there is also no annual maintenance charge on it.
Motilal Oswal Demat Account Conclusion
The Motilal Oswal Demat Account comes for free as there are no opening account charges, the services it provides, and the quality is noteworthy.
Being one of the best stock brokerage houses in the country, it has all kinds of financial instruments for trading and various trading platforms, and different types of Demat accounts suitable for investors.
Motilal Oswal Demat Account FAQs
Here is the list of FAQs related to the Motilal Oswal Demat Account:
How can I open Motilal Oswal Demat Account?
Search for the “Open Demat Account” button, which is situated at the bottom of this page. You will see a pop-up when you click on the button. Fill in your contact or any other details as asked in the form and submit it. You will now receive a call from the broker for the further KYC process.
Is Motilal Oswal Demat Free?
Yes, we can say that this stock broking house is free. This is because, on the one hand, the stockbroking house has levied off the account opening charge, and on the other, you can also get your AMC waived off on certain conditions, as the charge is Free or Rs.400 per Annum.
What are Motilal Oswal Demat Charges?
Let us begin with the Demat account opening charges, which in this case is waived off, i.e.; there is no associated account opening fee. As for the AMC or the account opening charge, it is Free or Rs.400 per Annum, i.e., the broking house can even waive it off.
Is AMC levied on Motilal Oswal Demat?
This is partially true, as firstly, you need to pay the charge of Rs.400 per Annum, while you can also get the AMC Free. This solely depends on the terms and conditions of the stockbroking house, and you need to discuss it with them.
Is Motilal Oswal’s Demat Account best?
Yes, this stock broking house has been in the market for a while, and you get the services of one of the stalest stock broking houses if you go for the Motilal Oswal Demat Account. They provide ample facilities and also they are in their best stature.
Does Motilal Oswal provide Demat a/c?
Yes, there is a provision of the Demat account from Motilal Oswal’s end. You can seamlessly avail of this account from this page and the Demat account-related products and services that the stockbroking house provides.
What Documents are required for Motilal Oswal’s Demat?
The list of documents required for account opening is Aadhaar card, PAN card, passport size photograph, and canceled Cheque. This is subject to further addition as per the demand of the stockbroking house Motilal Oswal.
Is Aadhaar Compulsory to Open Motilal Oswal Demat?
Yes, an Aadhaar card is a necessary document that is required for the process of opening a Demat account. In the way of two, you get first to prove your identity, and then you will also be able to sign the end declaration of KYC form digitally.
Is PAN required for Opening Motilal Oswal Account?
Yes, PAN is essential since you have to link all the three accounts required for trading, i.e., the trading account, Demat account, and the saving bank account. The PAN card provides you with the facilitation of linking them all.
Do they Charge the Demat Account opening Fee?
No, the stockbroking company has put the charge at Zero and has kept their Demat account open for anyone who wishes to invest in the capital market. There is a manner in which the stockbroking house works, and it has the structure where the opening charge is free.
Who is the owner of Motilal Oswal?
The parent company of Motilal Oswal Financial Services Limited is Passionate Investment Management Private Limited.
Is Motilal Oswal a full-service broker?
Motilal Oswal is a financial and investment service provider rendering requisite trading services to its customers. Motilal Oswal has widespread in India and serves its customers from over 2300 locations and sublets.
Is Motilal Oswal registered in SEBI?
Motilal Oswal is registered with SEBI in the capacity of a Portfolio Manager under SEBI (Portfolio Managers) regulations 1993. The registration for the same is INP000000670.
How accurate is Motilal Oswal?
Motilal Oswal is a credible research and recommendation entity. Its customers rest high degree of trust in it for making investment decisions. Individuals and entities utilize the suggestions proposed by the entity to invest their hard-earned money.
Is Motilal Oswal an Indian company?
Yes, Motilal Oswal is an Indian firm. It is listed on NSE and BSE. It was founded 35 years ago and has successfully maintained its reputation in the capital market. Also,it is one of the top stockbrokers, currently operating in India.
How can I use the Motilal Oswal Demat account online?
To have a flourishing investment future, it is an elemental process to have a Demat account through which you can hold shares digitally.
Pick the most suitable Depository Participant and open your Demat account with it. Demat accounts open easily online and are also managed online. It helps you manage investments without spending more time on physical movement.
How to make money Transfers between Demat Account to Bank Account?
All you have to do is log in to your account through the online platform; it can be through the website or the application accessible via mobile phone.
After logging in, from the ‘Funds’ section, you can conveniently add money or withdraw money.
Is Motilal Oswal a good company?
What makes a company-worthy is its approach to looking at the world and its customers. Motilal Oswal aspires to serve its customers in the best of their interest. Whether it is work proficiency or having a healthy environment for the employees, Motilal Oswal ensures it all.
Is Motilal Oswal an NBFC?
Yes, Motilal Oswal Financial Services Limited is a non-banking financial company. It registers under the Reserve Bank of India Act 1934 as an NBFC.
What are the operations of Motilal Oswal?
Motilal Oswal undertakes the operations as a financial service provider. It offers varied services: portfolio management services, wealth management, private equity, broking, and distribution.