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Motilal Oswal Vs Religare NRI Account Comparison

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

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

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

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Motilal Oswal Vs Religare

  Motilal Oswal Religare
 
  Motilal Oswal Securities Ltd Logo Religare 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 Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds. Religareo... Know more about Religare
Account Type NRI Investment Account NRI Account
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Motilal Oswal Vs Religare Charges

  Motilal Oswal Religare
NRI Account Opening Fees
NRI Account AMC
NRI Demat Account Opening Fees Rs 0 Nil
NRI Demat Account AMC Free (Rs 400 2nd year onward) Rs 400 from second year onward
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire Motilal OswalEnquire Religare

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Motilal Oswal Vs Religare NRI Account Brokerage Comparison

Account Type Motilal Oswal NRI Investment Account Religare NRI Account
Equity Delivery 0.50%
Equity Futures
Equity Options
Enquire Motilal OswalEnquire Religare

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges ODIN Diet: ₹999 per year
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 Religare NRI Account Taxes/Fees

  Motilal Oswal Religare
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 Religare NRI Account Margin

  Motilal Oswal Margin Religare Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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Motilal Oswal and Religare NRI Account Features

  Motilal Oswal Religare
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
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Motilal Oswal Vs Religare NRI Account Review

  Motilal Oswal Review Religare Review
  118 Customer Reviews    Rate Motilal Oswal 77 Customer Reviews    Rate Religare
Fees 2.8 3.2
Brokerage 2.3 3.1
Trading Platform 2.9 3.0
Customer Service 2.6 2.9
Overall Rating Rated 2.4 stars Rated 2.9 stars
Broker Rating Motilal Oswal is Rated 2.4 / 5 based on 118 customer reviews Religare is Rated 2.9 / 5 based on 77 customer reviews
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Contact Broker / Request A Call Back

  Motilal Oswal Enquire Religare Enquire
Contact Broker Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer
Get Free Trading + Demat Account for limited time. Get the offer
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Motilal Oswal Vs Religare NRI Investment Options

  Motilal Oswal Religare
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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Motilal Oswal Vs Religare NRI Customer Service

  Motilal Oswal Religare
Customer Care Number 0120 6130300
Customer Care Email wecare@religareonline.com
Enquire Motilal OswalEnquire Religare

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Motilal Oswal Vs Religare Order Type Offered for NRI Account

  Motilal Oswal Religare
Bracket Order
Cover Order
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No

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Motilal Oswal Vs Religare - NRI Account Advantages and Disadvantages

  Motilal Oswal Religare
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.
  • Dedicated NRI Invest team and relationship managers to all NRIs.
  • Free research, recommendation and trading tips to NRIs.
  • NRIs can hedge the portfolio risk using futures and options trading facility.
  • Offers Mutual Fund services to NRIs
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.
  • Brokerage charges are higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
  • Religare doesn't offer automated trading to the investors.
  • Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank account before trading.
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.

Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.

Promo / Offers

Get Zero AMC for Lifetime

Motilal Oswal offers Zero AMC for Lifetime Demat Account (Rs 400 waived) with Rs 25k margin or Rs 3k prepaid value pack. Also avail Rs 3k woth of discount vouchers, Rs 1000 worth of Me-Gold, free access to research & advice and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

Free Trading + Demat Account

Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year.

This is a limited time offer. Simply leave your contact information with us and Religare representatives will contact you.

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