Motilal Oswal Financial Services Limited (MOFSL) was started as a broking house in 1987 by Motilal Oswal and Ramdev Agarwal. The company entered investment banking in 2005, followed by private equity funds in 2006. It is a diversified financial service firm based in Mumbai, India. The company provides trading services in Equity, Commodity, Currency and Derivatives. Motilal Oswal also offers other products like Mutual Funds(MF), IPOs, Gold, Insurance and Fixed Income products.
Motilal Oswal has a diverse client base that includes retail clients, mutual funds, foreign institutional investors, financial institutions and corporate clients.
Number of active clients Motilal Oswal
Acording to Statista, In fiscal year 2022, Motilal Oswal Financial Services Limited (MOFSL) had about 897 thousand active clients. This was an increase compared to the previous fiscal year and reflected the constant growth of the company in terms of active clients.
Motilal Oswal brokerage fees include 0.20% on delivery, flat ₹20 per lot for Options trading in Equity & Currency and 0.02% in Intraday & Futures.
Motilal Oswal Brokerage Charges
| Segment | Brokerage |
|---|---|
| Equity Delivery: | 0.20% |
| Equity Intraday: | 0.02% |
| Equity Futures: | 0.02% |
| Equity Options: | Rs 20 Per Lot |
| Commodity Futures: | 0.02% |
| Commodity Options: | Rs 200 Per Lot |
| Currency Futures: | Rs 20 Per Lot |
| Currency Options: | Rs 20 Per Lot |
Benefits of Demat account with Motilal Oswal
If you are looking to invest in shares, bonds or debentures, having a demat account is a must. There are many benefits of having a Demat account with Motilal Oswal. Here is a quick overview of the various benefits.
Ability to open a 2-in-1 account
With Motilal Oswal, you get the option of opening a 2-in-1 account. This means that you get the option of opening a Demat account as well as a trading account. Here both demat and trading accounts can be opened through a single account opening process, which helps you save time.
Zero AMC for lifetime
Generally, when you open a demat account with a share trading company, you need to pay a specific fee to maintain your demat account. This charge is commonly known as Account Maintenance Charges (AMC) and can range from Rs. 500 to Rs. 1,000 per annum.
If you open a demat account with Motilal Oswal, these charges will be waived off and you will enjoy zero AMC for your entire lifetime. This means that your Demat account is completely free!
100% paperless account opening process
Physically visiting branch offices and manually filling out applications to open a Demat account is a thing of the past. The account opening process at Motilal Oswal is 100% paperless and completely online.
Account verification, KYC norms, and application signing are all done through internet and Aadhaar verification. With Motilal Oswal, not only can you open your own account in a matter of minutes, but you can do so from the comfort of your home.
Great customer support
By opening a Demat account with Motilal Oswal, you can be rest assured to experience exceptional service and customer support.
Motilal Oswal Account Opening Charges
| Transaction | Charges |
|---|---|
| Trading Account Opening: | Rs 0 (Free) |
| Trading Account Annual Maintenance (AMC): | Rs 0 (Free) |
| Demat Account Opening: | Rs 0 (Free) |
| Demat Account Annual Maintenance Charge (AMC): | Rs 400 (Free for 1st year) |
Motilal Oswal Demat Account Charges
| Particulars | Charges |
|---|---|
| Account Maintenance Charges (AMC): | Rs 400 (Free for 1st year) |
| Demat Transaction Charges – Within MOFSL (Sell only): | Rs 30 or 0.03% (whichever is higher) |
| Dematerialisation (In all schemes): | Rs 50 per request + Rs 50 per certificate |
| Rematerialisation: | Rs 35 per certificate |
| Pledge, Unpledge, Closure, Invocation: | Rs 35 or 0.02% (whichever is higher) per ISIN request. |
Motilal Oswal Pros and Cons
- 30+ years of experience in trading and investment.
- Offers a wide range of financial products including Mutual Funds, Insurance, IPOs and Fixed Income products.
- Free research advisory services.
- Free trading software.
- High brokerage charges in comparison with other discount brokers.
- Doesn’t offer 3-in-1 account.
Motilal Oswal Margin
For delivery trades in the cash market, there’s no margin requirement. However, for intraday trades in the segment, Motilal Oswal margin for intraday trading has been set at 20% of the trade value (max 5x leverage). F&O intraday trading margin is 1.3x across Equity, Currency and Commodity trading at BSE, NSE, MCX. There is no additional margin offered for F&O carry forward positions and equity delivery trades.
| Segment | Margin & Leverage |
|---|---|
| Equity Delivery: | 100% of trade value, 1x |
| Equity Intraday: | Up to 20% of trade value, 5x |
| F&O (Equity, Currency and Commodities): | 100% of NRML margin (Span + Exposure), 1x |
Motilal Oswal Trading Software
Moti lal Oswal offers a range of online trading software for its customers. Various trading platforms offered by the Motilal Oswal include:
- Desktop Application (Desktop Trading Terminal)
- MO Trader (Online Trading App)
- SmartWatch App
- MO Investor (Financial Fitness Platform)
- Option Writer
- Option dCoder
Why choose Motilal Oswal stock market app?
- Easy online trading app
- Trusted by 4 Million investors.
- Customer Can Invest in Mutual Funds, IPOs & smallcases seamlessly in 1-click.
- Track real-time alerts about stock prices.
- Track real-time market movements.
Motilal Oswal Customer Support
Call on : 022-40548000/022-67490600 or Write E-mail on : [email protected].
FAQ
There are five easy ways for opening a trading account with Motilal Oswal
1 – Call – 022-30896680
2 – SMS – SMS MOSLINFO to 7039005999 and executive will call you back.
3- Branch – Walk-in to any of Motilal Oswal branches.
4 – Email – Send an email with your name and contact number at [email protected] and executive will call you back.
5 – Online Visit www.motilaloswal.com
– Visit www.motilaloswal.com
– Fill up the Online Account Opening form an executives will call you shortly and guide you the process.
– Or Call 022-30896680 in case of any queries or an executives will call you shortly and guide you the process.
– Proof of Identity : (PAN Card)
– Proof of Address : Passport, Rationcard, VotersID, Drivinglicense, Electricitybill, LandlineTelephone Bill (not more than 2 months old), Bank PassBook (Copy of any one of the following with self attested)
– Bank Account Proof : Copy of Bank Pass Book or Personalized Cheque leaf
– 1 Latest Passport Size Photograph
It hardly takes 5 minutes to process.
Demat Account Opening are complately free of cost, however there are are account maintenance charges (AMC). It can cost around Rs. 400 per year.
The Market timing is between 9:15 am to 3:30 pm. The duration of the pre-opening session is between 9:00 am to 9:15 am. (Monday to Friday)
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