Like any other stock broker, there is some annual maintenance cost on the Motilal Oswal Demat account too. So, if you want to get into the trade with one of the renowned stockbrokers of India, then here is the complete detail of Motilal Oswal AMC charges.
Let’s dive in to know what plans of benefit the broker offers on the AMC charges.
Motilal Oswal Demat Account AMC Charges
AMC or Annual Maintenance charges are generally referred to as the folio maintenance fees that are generally charged by the broker in advance. Being a full-service stockbroker, Motilal Oswal charges comparatively high AMC fees of ₹999 per year.
However, the broker comes up with certain offers as well, where you can reduce the charges. Opening an account with the margin of ₹10,000-₹25000, the first year AMC is waived off while it is ₹299/- plus taxes from the second year onwards.
Other than this, the margin deposit of ₹25,000 or above relaxes you from paying the AMC charges in Motilal Oswal. The same scheme goes for the Value Pack users. Opting for the plan of ₹3,000 or more gives you the benefit of afree demat account with no annual charges.
Mr. X opens a Motilal Oswal Demat account with ₹5000 margins in the trading account. Mr. Y on the other hand opens the account with ₹15,000 in the trading account and Mr. Z opts for the ₹₹10,000 Value Pack in Motilal Oswal.
Mr. X= ₹999 from the first year onwards Mr. Y= ₹299 from second-year onwards Mr. Z= No AMC
Here Mr. X had to pay the advance AMC of ₹999 every year, while Mr. Y AMC was waived off for the first year while for the next year, the AMC fees of ₹299 were charged. Mr. Z, since opt for the Value Pack is benefitted from the lifetime free Demat account services of the broker.
Conclusion
Paying the AMC charges bothers investors a lot, and here comes a benefits of Motilal Oswal demat account where the broker introduces various options where you can reduce this fee accordingly. So, opt for the right plan and trade smartly across segments by maintaining the right margin and reaping the benefit of minimum annual maintenance charges.
So, do you still think the broker charges high AMC? Well! that depends upon your trading cost and margin. So, get started now and reap the multiple benefits of research tips and advisory along with the flexibility in the AMC fees.
In case, you are looking for any assistance, then fill the form below and open your Demat account for FREE.
