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Motilal Oswal Charges
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Motilal Oswal is one of the biggest stock broking firms in India that offers you valuable services. To start investing with the broker, here we are with the complete information of Motilal Oswal Charges.
Before jumping to the details, let’s have a quick review of the broker.
Motilal Oswal established in 1987 is headquartered in Mumbai. It is a full-service stockbroker that offers all the brokerage, research, and advisory services. The broker is regulated by SEBI and registered with the major stock exchange including NSE, BSE, MCX, thus allowing trade in different segments including equity, commodity, currency, mutual funds, IPO, etc.
But to get started you have to open an account. From account opening to the trading charges, we are here with complete information on Motilal Oswal Charges.
Motilal Oswal Trading Charges
Every broker comes with its own plan and fee structure. From opening a Demat and trading account to trading in different segments, the trader has to pay certain charges.
Being a full-service stockbroker, Motilal Oswal comes up with different plans and fee structures.
The basic charges that need to be paid by the trader are Demat Account Charges, AMC charges, Brokerage Charges, Transaction Charges, Hidden Charges.
You can view the charges detail in the table below:
Motilal Oswal Demat Account Charges
Starting with the demat account charges, opening a Motilal Oswal demat account opens a gateway for you to get into a trade with the broker. Whatever shares you buy can be stored in an electronic format in your Demat account.
To open an account, the broker comes up with specific fees and charges. However, here you can reap the benefit of a lifetime free demat account, as the broker does not charge any fees for opening a Demat account.
Apart from the account opening, there are other charges associated with the Demat account like custodian charges which is generally ₹0.5-₹1 per ISIN charged monthly but have to pay annually.
Also, there are dematerialization, pledge charges, and many more that you can find in the table below.
| Motilal Oswal Account Opening Charges | |
| Account opening charges | Free |
| Demat AMC Charges | Free, and RT400 from 2nd year |
| Trading AMC charges | Free |
| Demat Transaction Charges -Sell | ₹30 or 0.03% (whichever is higher) |
| Demat Transaction Charges - Buy | ₹40 or 0.04% (whichever is higher) |
| Dematerialization | ₹25 per request + ₹5 per certificate |
| Rematerialization | ₹35 per certificate |
| Pledge Creation, Closure, Invocation | ₹35 per request |
Along with this, there are DP charges and transaction charges discussed ahead in the article.
Open a demat account now by just filling out the form below:
Motilal Oswal AMC Charges
Like different charges, some of which are deferred off, a Demat account holder should pay a yearly maintenance charge (AMC) to the Depository Participant (DP) for the administrations delivered.
The AMC charges are generally imposed to maintain the demat account. As the name suggests, these charges need to be paid yearly. However, the broker offers you relaxation by waiving off the first-year AMC fees.
Thus, you have to pay the sum of ₹400 from the second year onwards to maintain your demat account.
Motilal Oswal DP Charges
Next comes the DP charges that are specifically linked with the debit of shares from your demat account.
In simple terms, every time the shares are being debited from your demat account certain charges are levied upon you irrespective of the number of shares. So here whether you debit 1 share or 100 shares, the charges are the same in both cases.
Motilal Oswal DP charges are quite high compared to other brokers. So every time you make a transaction from your Motilal demat account, you have to pay the fees of ₹35 per transaction.
Motilal Oswal Brokerage
After opening an account with the broker the next important fee to consider is the brokerage charges. Since Motilal Oswal is the full-service stockbroker, so here the charges are calculated on a percentage basis.
Thus, the higher the number of trades, the more will be the brokerage fees. This becomes even more crucial for long-term investments and that is why it makes sense for you to understand Motilal Oswal Delivery Brokerage.
Here is the complete details of the Motilal Oswal Brokerage is tabulated below:
| Motilal Oswal Brokerage | |
| Segment | Brokerage |
| Equity Delivery | 0.50% |
| Equity Intraday | 0.05% |
| Equity Futures | 0.05% |
| Equity Options | ₹100 per lot |
| Currency Futures | ₹20 per lot |
| Currency Options | ₹20 per lot |
| Commodity | 0.05% |
Apart from these, there are some fixed charges like SEBI Turnover Charges. These charges are imposed by SEBI and is 0.0002% of the complete turnover.
Other than this there are STT charges (0.0126% on the total turnover), GST charges (18%).
And of course, if you wish to call your stockbroker for trading, then you can opt for Motilal Oswal Call and trade facility using which you can trade without using any of the trading apps. Of course, there are separate charges for those.
Motilal Oswal Transaction Charges
The transaction fees is charged for both buying and selling by the stock exchanges. However, the fees vary and depend on the trading segment and the stock exchange from which you carry out the trade.
Here is the complete detail of the Motilal Oswal Transaction charges in the table below:
| Transaction Charges | |
| Equity Delivery | NSE- 0.00335% & for BSE- 0.01% |
| Equity Intraday | NSE- 0.00325% & for BSE-0.002% |
| Equity Futures | 0.00200% |
| Equity Options | NSE- 0.0511% and for BSE- 0.002% Premium only |
| Currency Futures | 0.00125% |
| Currency Options | 0.042% Premium only |
| Commodity | MC:- 0.0025% |
Motilal Oswal transaction charges for equity delivery are NSE 0.00335% and for equity, Intraday are BSE 0.01%.
0.00200% are For Equity futures transaction charges, 0.0511% Equity options charges for NSE and for BSE 0.002% on premium. Check this detailed review on Motilal Oswal Options Brokerage for further details.
The transaction charges 0.00125% are for currency fates, for currency options 0.042% and MCX 0.0025% for commodity. We would suggest you check out this detailed review on Motilal Oswal Commodity Brokerage as well, while you plan to learn about this format of investing.
Motilal Oswal PMS Charges
Motilal Oswal is known for its PMS services as well. Known for offering the most renowned PMS services, here are some of the PMS charges you should be aware of in case you plan to use its services.
Management Fees:– This is reported by the commission pattern fixed between the customer and the PMS team.
Upfront Fees – these charges are also imposed by the Motilal Oswal PMS group. The charge is between 1% – 2% of the investment sum.
Custodian charges – The expenses charged by the PMS house for the authority of your portfolio. The charge is between 0.3% – 0.4% of Asset Value.
Exit Load charges- The charges are levied on the amount withdrawn from the portfolio. By chance, the withdrawal happens within 1 year of portfolio creation the expenses are 1.5% – 2% of the withdrawal sum. In case the withdrawal is made after 1 year, for that case, the withdrawal amount is 0.05%.
Below is the table summarizing all the charges details.
| PMS Charges | |
| Management Fees | As per the commission model |
| Upfront Fees | 1% – 2% of Asset Value |
| Custodian Charges | 0.3% – 0.4% of Asset Value |
| Depository Charges | 0.15% – 0.2% of Asset Value |
| Exit Load – within 12 months | 1.5% – 2% of Withdrawal Value |
| Exit Load – post 12 months | Free or 0.05% of Withdrawal Value |
Motilal Oswal Charges for Mutual Fund
Like any other segment, Motilal Oswal has a brokerage or fee structure for the mutual fund investment as well.
The various costs to be considered before getting into the mutual fund investment with Motilal Oswal are:
Entry Load or Upfront Fees: Earlier these charges were in the range of 2%-2.25% but as per the new regulations by SEBI there are some fixed charges that need to pay on the basis of transactions.
So for the investment up to ₹10,000, no fee is charged, while for the investment of more than ₹10,000 the one-time fees of ₹150 is being charged on new investors while the existing investors are limited for the payment of ₹100.
Also, for the SIP of ₹10,000, the nominal fee is ₹100.
Exit Load on Equity Fund: If the investor exit early before 12 months, then the equity funds impose an exit load that ranges between 1% to 3%.
STT: On redemption of the mutual funds, the STT is being deducted from the redeemed amount and the remaining balance is being credited to the bank account of the investor.
Here is detailed information on the mutual fund charges imposed by the broker.
| Motilal Oswal Mutual Fund Charges | |
| Entry Load or Upfront Fees | Investment upto ₹10,000: No charges |
| Investment Above ₹10000: ₹150 | |
| Exit Load on Equity Fund | 1% to 3% |
Conclusion
The Motilal Oswal Demat Account however desires free as there are no account opening charges, the services it provides and the quality is equally extremely essential.
The component referenced above genuinely makes it an extraordinary financier firm and the charges are sensible to make it progressively gainful for the speculators.
As we have seen above, the Motilal Oswal Charges are quite normal in comparison with the market. So make a wise investment decision, by considering various other aspects of this full-service stockbroker.
Hope this article has helped you to clear your doubts regarding Motilal Oswal Charges.
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