Motilal Oswal
Trading Fee
0.20%
Account Opening
Free
AMC
₹500/year
Rating
★ 3.8
Trading Platforms
✓ Pros
- Excellent research and advisory team
- Good for long-term investors
- Strong equity mutual fund offerings
✕ Cons
- High brokerage compared to discount brokers
- Platform feels slower than competitors
- AMC and DP charges add up
Open a Motilal Oswal Account
Free account opening • 0.20% per trade
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Frequently Asked Questions
Is Motilal Oswal safe to use?
Motilal Oswal is registered with SEBI (Securities and Exchange Board of India) and is a member of BSE and NSE. Client funds are kept in segregated accounts as per regulatory requirements. However, like all brokers, it is subject to market and operational risks. Always verify the SEBI registration number before opening an account.
What are Motilal Oswal's charges for delivery and intraday?
Motilal Oswal charges 0.20% per trade. Account opening fee is Free and annual maintenance charge (AMC) is ₹500/year. Additional statutory charges like STT, GST, stamp duty, SEBI turnover fee, and exchange transaction charges apply as per government regulations.
How to open account with Motilal Oswal?
You can open a Motilal Oswal account online in 10-15 minutes. Requirements: PAN card, Aadhaar card (linked to mobile number), bank account details, and a selfie/signature. The process is fully paperless with e-KYC verification through Aadhaar OTP or DigiLocker integration.
Can I trade IPOs on Motilal Oswal?
Yes, you can apply for IPOs through Motilal Oswal using the UPI-based ASBA (Application Supported by Blocked Amount) process. Your funds remain in your bank account until allotment is confirmed. Motilal Oswal provides IPO application facility through their trading app with real-time subscription status updates.
What is Motilal Oswal's customer support like?
Motilal Oswal offers customer support through multiple channels including email, phone, and in-app chat. Response times vary based on query complexity. For urgent trading issues, phone support during market hours is recommended. Check their official website for current support hours and contact details.