Motilal Oswal Vs Karvy NRI Account Comparison

The side-by-side comparison of Motilal Oswal and Karvy NRI Account. Compare Motilal Oswal Vs Karvy NRI Account brokerage charges, exposure margin, demat account and AMC. Read Karvy and Motilal Oswal NRI Account reviews.

Find out Motilal Oswal Vs Karvy which is better NRI Trading Account. See Motilal Oswal Vs Karvy which is best NRI Demat Account.

Our Motilal Oswal Securities Ltd comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best between Motilal Oswal and Karvy NRI Account.

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Motilal Oswal Vs Karvy

  Motilal Oswal Karvy
 
Motilal Oswal Securities Ltd Logo Karvy Stock Broking Ltd Logo
About the Broker Motilal Oswal Financial Services Ltd (MOFSL) is a diversified financial service firm offering trading and investment services to NRIs. The company offers online trading services through a 2-in-1 account in Equity and Equity Derivatives to Non-Residen... Know more about Motilal Oswal Securities Ltd Karvy has nearly two decades of experience in providing trading and investment services to NRIs. Non-resident Indians can invest in Equity, Equity SIP, Mutual Funds, NPS, NCD, Bonds, Structured Debenture Products and many more. Karvy is among the top... Know more about Karvy Stock Broking Ltd
Account Type NRI Investment Account NRI E-invest
Broker Enquiry Open an Online Trading Account with Motilal Oswal. Leave your contact info and we will get in touch with you.
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Motilal Oswal Vs Karvy Charges

  Motilal Oswal Karvy
NRI Account Opening Fees ₹2500
NRI Account AMC ₹0
NRI Demat Account Opening Fees ₹0 ₹0
NRI Demat Account AMC Free (₹400 2nd year onward) ₹420
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Motilal Oswal Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  Motilal Oswal Karvy
Account Type NRI Investment Account NRI E-invest
Equity Delivery 0.50% 0.75%
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Minimum Brokerage: ₹75
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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Motilal Oswal Vs Karvy NRI Account Taxes/Fees

  Motilal Oswal Karvy
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.
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Motilal Oswal Vs Karvy NRI Account Exposure Margin

  Motilal Oswal Karvy
Equity Delivery
Equity Futures
Equity Options
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Motilal Oswal and Karvy NRI Account Feature Comparison

  Motilal Oswal Karvy
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features ESOP Trading, PAN Card
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Motilal Oswal Vs Karvy NRI Account Review

  Motilal Oswal Karvy
  99 Customer Reviews    Rate Motilal Oswal 24 Customer Reviews    Rate Karvy
Fees 2.8 2.6
Brokerage 2.4 2.4
Trading Platform 2.9 2.7
Customer Service 2.7 2.2
Overall Rating Rated 2.4 stars Rated 2.0 stars
Broker Rating Motilal Oswal is Rated 2.4 / 5 based on 99 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Karvy
Contact Broker
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Motilal Oswal Vs Karvy NRI Investment Options

  Motilal Oswal Karvy
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Bonds, Government securities or treasury bills
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Motilal Oswal Vs Karvy NRI Customer Service

  Motilal Oswal Karvy
Customer Care Number +91 40 3321 7148
Customer Care Email nridesk@karvy.com
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Motilal Oswal Vs Karvy Order Type Offered for NRI Account

  Motilal Oswal Karvy
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No
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Motilal Oswal Vs Karvy - NRI Account Advantages and Disadvantages

  Motilal Oswal Karvy
Pros
  1. Full-service broker with a range of trading & investment services.
  2. A strong research team that provides investment advice and trade recommendations.
  3. Presence across 2,200 locations in over 500 cities in India.
  • Over 2 decades of experience offering NRI services.
  • Provides ESOP Trading facility.
  • A dedicated and specialized research team.
  • One-stop solution for trading and investing.
  • A team of relationship managers to provide an assisted trading facility.
Cons
  1. MOSFL doesn't offer 3-in-1 account services. So, NRIs have to first transfer money from PIS account to trading account before placing an order.
  2. It doesn't have offices in any foreign locations.
  3. Brokerage is higher in comparison with discount stock brokers like Zerodha and Prostocks.
  • It doesn't offer a 3-in-1 account. And, NRIs have to open a separate savings bank account and complete the paperwork.
  • Karvy charges turnover based brokerage at 0.75%. The brokerage charges are higher when compared with fixed-fee brokerage charged by discount brokers like Zerodha and Prostocks. The brokerage charged by Prostocks is ₹100 per order.
Conclusion

Motilal Oswal is a popular name in the financial services industry in India. The company offers a range of online trading and investment services to NRIs. NRIs get free access to the trading platform and dedicated research team that provides market insights through published reports on the economy, market trends, and sectors. Higher brokerage makes it expensive for investors/traders who don't need advisory services.

Karvy is a full-service broker that provides stock, derivatives and mutual fund investment. It has a dedicated research team that provides stock recommendations. The Karvy desktop trading platform facilitates a 3D analysis of the stocks to help the investors in making the right investment decision. Karvy also provides relationship manager (RM) assistance to help the NRIs build a strong investment portfolio as per their risk appetite and financial goals.

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Motilal Oswal Vs Karvy - More Reviews

  Motilal Oswal Karvy
NRI Trading Review Motilal Oswal NRI Account Review Karvy NRI Account Review
Enquire Motilal Oswal
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