Are you looking for a free Demat account? Well, look no further than Motilal Oswal Free Demat Account. Established in the year 1987, Motilal Oswal Financial Services Ltd ranks amongst the finest of all the full-services brokers.

Their diversified network consists of more than 2200 local branches spread across 500 cities in the country. 

Opening Motilal Oswal Free Demat Account provides the passage to trade in various financial instruments such as shares, securities, commodities, currency, IPOs, among others.

The stockbroker is listed on major securities and commodities stock exchanges of the country.

To name a few – NSE, To open Free Demat Account In Motilal Oswal, visit our website and fill in your name along with your contact number in the registration form. 

Follow the article to learn about Motilal Oswal Free Demat Account in detail.

How To Open Free Demat Account In Motilal Oswal

There are two methods to open your Motilal Oswal free demat account — offline and online, for this. If your contact number is linked to Aadhaar, you can opt for the online method (strongly suggested, as it takes a few minutes to complete the process of Motilal Oswal Demat account online.

You can also opt to visit a Motilal Oswal local branch in your vicinity and carry the required documents with you. The salespersons there will assist you through the process.

Once you have opened a free demat account and a question raises is how the funds will be transferred? No worries, with Motilal Oswal Fund Transfer, you can transfer the funds online from your account to your bank account.

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Documents Required Free Demat Account In Motilal Oswal

The following documents required for demat account:-

PAN Card is mandatory, and without this, the process for opening a free Demat account cannot be initiated. Along with PAN, you will require

• Identity Proof – Aadhaar Card, Driving License, Passport, Voter ID, Ration Card
• Address Proof – Address proof can be the same as the ID proof, but the address should be mentioned, College Id Card with mention of Hostel Address, Electricity Bill, Telephone Bill
• Income Proof – Bank statements or copy of current 1-month salary slip or filed ITR

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Free Demat Account Opening Charges In Motilal Oswal

Here are some of the charges corresponding to Motilal Oswal Free Demat Account

1. Demat Account Opening Charges 
2. Annual Maintenance Charges (AMC)
3. Custodian Fees
4. Transaction Fees
5. Dematerialization Fees
6. Rematerialization Fees

While there are no account opening charges, a yearly sum of Rs 400 is deducted as annual maintenance charges (AMC) from the second year onwards. 

Also, the dp charges in Motilal Oswal are 0.075% or ₹75, whichever is higher. These charges are levied while selling or debiting the shares from the demat account.

AMC is waived off for the first year for opening your free Demat account.

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Benefits of Motilal Oswal Demat Account

Of the many benefits of opening a Motilal Oswal free Demat account, some are mentioned below :

1. Comprehensive Research – Motilal Oswal Financial Services Ltd. is known for its thorough research reports. They have more than 30000 research reports across more than 25 sectors. Investors have benefited from these reports, using them to make out the projections of a certain investment product in a sector.
2. Devoted Advisory Services – Motilal Oswal Demat account services include devoted advisor assistance for your trading requirements. They have earned quite the name for offering reliable advice, tips for meeting all your needs.
3. One Platform For All – Motilal Oswal Free Demat Account is the one-stop platform to carry out trade in various assets and instruments such as a commodity, mutual funds, forex, IPO, equities, futures, options, etc.
4. Customizable Investment Plans – You can tailor investment plans to meet your requirements and invest in a few seconds from any device at your disposal. 
5. Experience – Having 30+ years of experience on their CV, appeals to investors. Their customer base boasts of more than 1 million clients.
   Also, if you are highly interested in equity trading. Then you can refer to Motilal Oswal Equity.

Also, read Motilal Oswal Intraday Margin. If interested in Forex trading then Motilal Oswal Forex Trading is the best option for you.

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Disadvantages of Motilal Oswal Free Demat Account

While we have discussed the benefits that Motilal Oswal Free Demat Account offers, it is just as important to bring forth some of the disadvantages. Some of which are :

1. 3 in 1 Account – They don’t offer a 3 in 1 account. That is, it doesn’t offer its clients to open a savings account with them, along with trading and Demat accounts.
2. Tad Expensive – Costlier brokerage rates in comparison to other prominent broker firms. They charge ₹20 per lot in currency futures and options, while they charge ₹ 100 on equity futures.
3. Charges For Tips – They don’t offer any stock tips without charge. They don’t offer freebies when it comes to offering stock suggestions.
4. Annual Maintenance Charges (AMC) – Opting for a free Demat account in Motilal Oswal has another drawback in the form of AMC charges. They levy ₹400 as annual maintenance charges from the second year onwards. 

Although, they do offer a plan for free lifetime AMC if you pay a certain amount at the onset.

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Conclusion

Motilal Oswal has kept its place as one of the premier full-service brokers in India. They have been active in the market for more than 33 years, so they are as reliable as they come.

Setting up a Demat account using an online method will hardly take any more than 15 minutes. So, we advise opting for the same. 

As for the merits of having a Demat account with Motilal Oswal, their greatest USP is their extensive research reports and offering reliable investment advice.

Demat account can be opened for free, but still, there are costs involved which come in various forms, be it AMC charges, brokerage charges. The latter of which can be lowered by subscribing to their value pack brokerage plans. 

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Willing to open a Demat Account? Please refer to the below form:

 

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