MOTILAL OSWAL

3.5 Overall

Motilal Oswal Financial Services Limited also was known as Motilal Oswal group is a Mumbai based full-service broker who offers to trade in currency, commodity and equity. It was established in the year 1987 by Motilal Oswal and Raamdeo Agarwal. They are remembered for their grandeur but they are not as good as their competitors. They are ranked average in tips and recommendations.

Brokerage Charges1.0
Platforms & Tools 4.5
Customer Service 4.5
Cons
  • Data delay reported several times
  • Average customer support
  • Expensive brokerage structure

Motilal Oswal Overview

Motilal Oswal has about 900000 + customers all over the country and has branches in about 500 cities and 2200 outlets. Motilal Oswal is a full-service broker with a wide range of Financial Services and investment options. The company has been tied up with State Bank of India and Punjab National Bank in the year 2006 and 2007.

Motilal Oswal has a membership NSE and BSE. It has branches all over the country does a Depository Participant of NSDL and CDSL. MOFSL has been featured in Forbes super 50 companies 2017.


Motilal Oswal Brokerage Charges

Motilal Oswal has two brokerage plans. one of them will be basic brokerage plan known as margin account and the other will be prepaid brokerage plan also known as value pac account.

In a margin account, the customer has no need to pay for any subscription. So the brokerage charges will be high. But in the case of value pac account, the customer should pay for the subscription plan to reduce their brokerage the subscription plan validity will be from one month to 1 year.

Margin account brokerage structure:

Delivery Based Trades         0.30% to 0.25%

Intra-day Trades                  0.03% to 0.025%

Futures Trades                     0.03% to 0.025%

Options Trades                      Rs 100 to Rs 50

                                                    per contract

Value pac account broker structure:


Monthly VP

Quarterly VP

Half Yearly VP

Yearly VP

Scheme name

VP2.5K

VP2.5K

VP5K

VP25K

VP50K

Upfront Fees (INR)

2,500

2,500

5,000

25,000

50,000

Validity (days)

30

90

90

180

365

Account Opening Fee (INR)

0

0

0

0

0

DP – AMC

1st Year Free

1st Year Free

1st Year Free

1st Year Free

1st Year Free

Delivery Brokerage

Max

0.25%

0.30%

0.25%

0.20%

0.18%

Min (paise)

3

3

2

2

2

Intraday Cash

1st leg Max

0.03%

0.03%

0.025%

0.02%

0.015%

Cash Min 1st leg (paise)

3

3

2

2

2

2nd leg Max

0.03%

0.03%

0.025%

0.02%

0.015%

Cash Min 2nd leg (paise)

3

3

2

2

2

Futures (Intraday Trading)

1st leg & 2nd leg each if carry forward

0.03%

0.03%

0.025%

0.03%

0.025%

FUT MIN 1st leg (paise)

3

3

2

3

2

2nd Leg if same day square off

0.03%

0.03%

0.025%

0.01%

0.01%

FUT MIN 2nd leg (paise)

3

3

2

1

1

Options Trading

1st Leg and 2nd Leg (INR)

60

70

60

40

50

Currency Trading

Futures 1st Leg and 2nd Leg (INR)

20

20

20

20

20

Options

20

20

20

20

20

 

Motilal Oswal has the most adaptable brokerage structure but the only drawback if you have to pay upfront subscription charges as per the usability. When compared with online discount brokers Motilal Oswal brokerage will be high when calculated along with subscription plan's price.


Motilal Oswal Other Charges

The trading account opening charges will be 0 even maintenance charges will be zero. In the case of a Demat account, the account opening charges will be nil and annual maintenance charges will be Rs.441

The DP charges and other charges are given in the table below

Trx Charges Within MODES (Sell) (Charges whichever is higher will be charged)

Rs 20 or 0.020% of transaction

Outside MODES (Sell)

Rs 30 or 0.03% of transaction value

Dematerialisation (In all schemes)

Rs 25 per request + Rs 5 per certificate

Rematerialisation

Rs 35 per certificate

Pledge Creation/ Closure/Invocation

Rs 35 per request each


Motilal Oswal Platforms & Tools

They provide web trading platform, desktop-based trading platform and a mobile trading platform. All three of them work so well. Every client who is signed up with them will have the access to their platforms and tools for free. The technology with they adapted is said to be the best in the industry.

Motilaloswal.com is their web-based trading platform is a safe and secure portal with all the adventure features which enables faster order execution, access to the market summary, multiple watch-lists and recommendations.

The desktop trading platform and web-based trading platform are alike in usability, features and reliability.

You can access the trading platform and your account from any system connected to the internet without installing any software.

Some of the key features are

  • Single sign into trade across all asset classes.
  • Fast and simple order execution.
  • Real-time charts I news all around the world.
  • Advanced charting tool with tick by tick action watch
  • Accurate Tips and recommendations along with the signal guide.
  • You will have a get code page where you can search for any company's information.
  • Trade guide signal and option writer and option decoding are the products available with algo functionality
  • You can identify the current trending stocks.

Motilal Oswal desktop trading application:

Motilal Oswal desktop trading application is high-speed trading application which has a refresh rate it 1 second where you can trade on multi-assets and the application is accessible at low bandwidth and slow internet connections.

The home screen has all the required features to hazzle free trading.

These are the features to consider their trading platform

  • Customized watchlist
  • Advanced charting tools with tick by tick action watch
  • solid research-based recommendations along with trade guide signal to auto-generate buy or sell ideas.
  • Tips and Advice on all asset classes
  • integrated portfolio health check and review tools
  • trade guide signal which is the new generation trend to autogenerate buy or sell signals based on predefined technical rules.
  • Get a quote for derivative prices also get access to the desired contract option chain.
  • Quantitative products like option writing are possible where you can choose the exposure to write option against DP, holding, futures and long options.

MO trader:

MO trader is their mobile trading platform which is free for every client of Motilal Oswal. This is a high-speed application with great prospects and a boon for heavy traders. it is available for iOS and Android devices. You can make your trading transactions on the go at low bandwidth.

The key features to consider are:

  • You can spot that trending stocks with the help of market screeners.
  • Real-time charts with historical data.
  • Set and manage alerts on the stock through my alerts features.
  • Trade guide signal, option writer, option decoding are the algo based products available.
  • You can search for any company information on the get code page.
  • My wallet provides a snapshot of your orders positions and limits.
  • Bulk order functionality to execute multiple orders.
  • You can identify the current trending stocks.
  • You can view multiple asset watchlists in a single tap.
  • Tips and recommendations give great advisory about the products you want to invest in.
  • Get the latest news about the stock and what is happening around the world.

MO investor: MO investor is their mutual Funds investment application we can plan invest and track all your financial growth through target investment plan. The app is available for both i OS and Android  devices.

It has a feature-rich mutual fund page where can check your ongoing SIP's and measuring SIP's and more.

Key features:

  • You will have a chat bot in the application called MO genie which you can access 24x7.
  • Robo wealth creation Technology is a great initiation which helps the investor to make wise decisions.
  • You will get recommendations for mutual funds and you can access them with a single click.
  • Comprehensive portfolio snapshot and analysis
  • get quote page for information about the company stock performance and industry.
  • Assist you through hundreds of mutual funds where you can find the best with the help of recommendations.
  • ACE advice and the combination of equities.
  • Allows you to place bulk orders with a single click.

Motilal Oswal Education & Research

They has an online knowledge portal about the stock market called knowledge centre. Where you can get knowledge about the stock market from "difference between" to "few simple steps." You can also walk into any of the branches found all across the country to rectify your doubts and get great knowledge about the stock market.

They have good research team most of the tips and recommendations are accurate. But only about 70%. They are still liable to make improvements to the research team, as their tips and recommendations are just not as accurate as their competitors. That doesn't make them a bad broker. Even though they have great accuracy but they are not up to the Mark.


Motilal Oswal Customer Service

They have the best customer service in the industry. They have different numbers for different services so you can just call or mail them or even chat on their website window. Apart from the toll-free number they got every possible way to serve their customers and give clarifications on the queries.

Account opening and related queries

91-22-62126600

info@motilaloswal.com

Support related queries

91-22-39982515 / 67490600

query@motilaloswal.com

Call and trade

91-22-39982600

As per the reviews all over the internet, Their customer service executives are not greatly ranked in clarifying customer queries. Some of the customers even complained about the knowledge status of the customer care executive.

But as per some sources, they are very much inclined to offer customer delight

Maybe the clients may get confused about the different numbers for different queries. So you don't need to be worried about the customer service.


Motilal Oswal Closing Thoughts

Motilal Oswal is also like many other brokers in the industry with the same features and recommendations where the broker will be more profited than the client himself. Nowadays discount brokers are growing day by day with almost same features but at 90% discounted prices when compared with these full service brokers.

 Motilal Oswal has been good before but now they are losing customer respect from all sorts of things. Customer service to brokerage plans are not up to the mark. They have different subscription plans which will lead to confusion. Even Motilal is a great broker but you can get better features and options at very less prices than them in themarket. Babe tips and recommendations also not accurate as their competitors like ICICI, HDFC securities and Share Khan. If you don't bother much about tips and recommendations you can better start trading with the discount brokers like zerodha.

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