For conducting trading transactions, each stockbroker charges a fee. Furthermore, these costs may vary depending on the asset class.
To maximize your return on investment, it’s critical to select the best stock broker for your trading needs.
Summary
| Demat Account | Sharekhan | Motilal Oswal |
| Founded | 2000 | 1987 |
| Demat AMC | Rs 400 | Rs 299 |
| Website | Click Here | Click Here |
A full comparison study for the stockbrokers Sharekhan and Motilal Oswal in many aspects can be seen below.
When brokerage fees, trading platforms, and other factors are evaluated, you can see how these two stack up.
You can also get a full report from the Sharekhan brokerage calculator and Motilal Oswal.
Overview
One of the most popular stockbroking partnership company comparisons in the industry is Sharekhan Franchise vs Motilal Oswal Franchise.
At one end of the scale is Sharekhan, which has revolutionized the stockbroking industry with its trading platforms, research, offline support, financial product range, and much more.
On the other hand, Motilal Oswal, through various business strategies, has an offline presence in 500 cities and towns across the country with 3500 outlets.
In addition, each of these full-service stockbrokers has a wide range of financial products to offer.
| Overview | Motilal Oswal | Sharekhan |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Full-Service | Full-Service |
| Founded In | 1987 | 2000 |
| CEO | Motilal Oswal | Shripal Morakhia |
| Headquarters | Mumbai | Mumbai |
| Sub Broker Activation Duration | 5-6 Business Days | 5-7 Business Days |
| Payout Frequency | 30 Days | 30 Days |
| Network Strength | 2300+ | 3000+ |
| Active Clients | 3 Lakh+ | 4 Lakh+ |
Motilal Oswal vs Sharekhan Features
| Features | Motilal Oswal | Sharekhan |
|---|---|---|
| Trading Platform | MO Trader Mobile App | Trade Tiger Terminal, Sharekhan Website, and Mobile App |
| Placing orders through charts | NA | Yes |
| Trading Alerts | Yes | Yes |
| Research and Advice / Trading Tips | – | Yes |
| Detailed Education Initiatives | Yes | Yes |
| Unique features & offers | Optional strategy charts | Classroom training, Pattern finder |
| Referral Program | One | Yes |
| Margin Against Shares (Equity Cash) | Yes | Yes |
| Margin Against Shares (Equity F&O) | Yes | Yes |
Motilal Oswal vs Sharekhan Account Opening Charges
| Charge | Motilal Oswal | Sharekhan |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹1000 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹299 | ₹400 (Free for 1st year with trading account) |
Motilal Oswal vs Sharekhan Brokerage Charges and Plans
| Charge | Motilal Oswal | Sharekhan |
|---|---|---|
| Plan Name | Value Pack Plan | Classic Account |
| Equity Delivery | From 0.10 percent to 0.40 percent | 0.50 percent |
| Equity Intraday | From 0.01 percent to 0.04 percent (both sides) | 0.1 percent |
| Equity Futures | From 0.01 percent to 0.04 percent (both sides) | 0.10 percent |
| Equity Options | From ₹20 to ₹50 per lot (both sides) | ₹50 per lot |
| Currency Futures | From ₹10 to ₹22 per lot (both sides) | 0.10 percent |
| Currency Options | From ₹10 to ₹22 per lot (both sides) | ₹30 per lot |
| Commodity Options | From 0.01 percent to 0.04 percent (both sides) | 0.03 percent |
| Mutual Fund | NA | NA |
Motilal Oswal vs Sharekhan Other Charges
| Other Brokerage Charges | Sharekhan | Motilal Oswal |
|---|---|---|
| Minimum Brokerage Charges | Rs.20 | 0.05 percent |
| Transaction Brokerage Charges | 0.00275 percent of Total Turnover | 0.00335 percent of Total Turnover |
| SEBI Turnover Charges | 0.0002 percent of Total Turnover | 0.0002 percent of Total Turnover |
| Stamp Duty Charges | As per the state | As per the state |
| GST Charges | 18 percent of (Brokerage + Transaction Charges) | 18 percent of (Brokerage + Transaction Charges) |
| STT Charges | 0.0126 percent of Total Turnover | 0.0126 percent of Total Turnover |
| Call and Trade Charges | Rs 20 | Nil |
Motilal Oswal vs Sharekhan Pros & Cons
Motilal Oswal Pros and Cons
Pros
- It has more than two decades of trading and investment experience.
- It offers investment services in the areas of equity, derivatives, initial public offerings, mutual funds, insurance, and fixed deposits.
- It offers a variety of value pack brokerage schemes with a variety of brokerage alternatives.
- It offers complete operational simplicity with more than 60 banks for fund transfers.
- It offers a variety of research consulting services.
- Customers will be given a variety of free trading software
Cons
- It has a higher brokerage fee when compared to inexpensive brokers such as Zerodha and 5Paisa.
- The brokerage value pack scheme is affordable, but it comes with a one-time fee when you sign up for the plan. After you’ve made your choice, you can’t change or cancel your plans.
- It does not offer a three-in-one account option to its clients.
Sharekhan Pros and Cons
Pros
- It provides its consumers with a variety of trading platforms to suit their demands.
- It offers a variety of brokerage slabs to meet the needs of customers. The more you trade with Sharekhan, the lower your brokerage will be.
- It offers investors online and classroom trading, as well as seminars and workshops.
- The stockbroker does not charge fees for online fund transfers and funds pay-outs to bank accounts.
- There are no fees for DP transactions.
- Fixed deposits can be used as collateral for futures and options trading.
- There are no costs associated with the call and trade facility.
Cons
- It does not provide banking services; hence it does not offer a 3-in-1 account.
- In comparison to flat fee brokers, the brokerage charged is based on a percentage, which is higher.
- It imposes a minimum brokerage fee of 10 paise per stock and won’t let you trade equities worth less than 20 paise.
- Customers with Classic accounts are unable to trade commodities.
Motilal Oswal vs Sharekhan Trading Platform
| Trading Platform | Motilal Oswal | Sharekhan |
| Web Platform | Yes | Yes |
| Android Mobile App | Yes | Yes |
| Desktop Windows | Yes | Yes |
| Desktop Mac | NA | NA |
| I-Pad App | NA | Yes |
| Virtual Trading | Yes | Yes |
| iPhone Mobile App | Yes | Yes |
FAQs
Is Zerodha a good place to start for newcomers?
To accommodate the needs of newbies, Zerodha charges a lower brokerage cost of Rs 20 or 0.03 percent.
Other bargain brokers require a fixed price of Rs 20 or a 0.05 percent minimum brokerage fee. As a result, both rookie and expert traders use Zerodha.
Is it safer to invest in a Motilal Oswal Demat account?
Yes, investing in this account is completely safe. You will swiftly overcome your issues with the assistance of a top financial advisor’s team.
You will also be satisfied as a result of the numerous tempting programs that they offer.
Amit Gupta is the creator of FreeDematAccount.in, a website that specializes in Demat accounts and provides assistance to all its users in navigating through complicated decisions. After completing his high school certification, Amit spent half a decade learning about Demat accounts from brokerages. Before forming FreeDematAccount.in, Amit worked for a Demat account brokerage.