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About Motilal Oswal
Incorporated in 1987, Motilal Oswal Securities Ltd. (MOSL) is a Mumbai, India based diversified financial services firm. The company offers trading services in Equity, Commodity, Currency and Derivatives. It also offers other products like Mutual Funds, IPOs, Gold, Insurance and Fixed Income products. MOSL is widely recognized for its MOAMC discretionary Portfolio Management Service (PMS). The PMS has a strong track record and consistently outperformed the benchmark across market cycles since it... 
About Aditya Birla Money
Incorporated in 1994, Aditya Birla Money Ltd (ABML) is a subsidiary of Aditya Birla Capital Limited and is headquartered in Chennai. The company was formerly known as Apollo Sindhoori Capital Investments. It is engaged in stock broking business and is a member of BSE and NSE. It also holds Portfolio Management Services (PMS) license from SEBI and is a Depository Participant with National Securities Depository Limited ('NSDL') and the Central Depository Services (India) Limited ('CDSL'). The comp...
Incorporated in 1987, Motilal Oswal is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 305 branches across India. Incorporated in 1994, Aditya Birla Money is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 800 branches across India.
| Motilal Oswal | Aditya Birla Money | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX |
| Year of Incorporation | 1987 | 1994 |
| Number of Branches | 305 | 800 |
Motilal Oswal trading account opening charges is Rs 0 while Aditya Birla Money account opening changes is Rs 750. Motilal Oswal Demat Account AMC Charges is Free (Rs 400 2nd year onward) and Aditya Birla Money Demat Account AMC Charges is Rs 436.
| Motilal Oswal | Aditya Birla Money | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 | Rs 750 |
| Trading Account AMC Charges | Rs 0 | Nil |
| Demat Account Opening Charges | Rs 0 | Nil |
| Demat Account AMC Charges | Free (Rs 400 2nd year onward) | Rs 436 |
Motilal Oswal brokerage charges for equity is 0.50% and intraday is 0.05% (both side) whereas Aditya Birla Money brokerage charges for equity is 0.30% and intraday is 0.03%.
| Account Type | Motilal Oswal Default Plan | Aditya Birla Money |
|---|---|---|
| Fixed Charges | ||
| Equity Delivery | 0.50% | 0.30% |
| Equity Intraday | 0.05% (both side) | 0.03% |
| Equity Futures | 0.05% (both side) | 0.03% |
| Equity Options | Rs 100 per lot (both side) | Rs 50 per lot |
| Currency Futures | Rs 20 per lot (both side) | 0.03% |
| Currency Options | Rs 20 per lot (both side) | Rs 50 per lot |
| Commodity Futures | 0.05% (both side) | 0.03% |
| Commodity Options | Nil | |
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| Motilal Oswal | Aditya Birla Money | |
|---|---|---|
| Account Type | Value Pack (VP2KLT) | |
| Fixed Charges | Rs 2000 (one time fee) | |
| Equity Delivery | 0.40% | 0.30% |
| Equity Intraday | 0.04% (both side) | 0.03% |
| Equity Futures | 0.04% (both side) | 0.03% |
| Equity Options | Rs 50 per lot (both side) | Rs 50 per lot |
| Currency Futures | Rs 22 per lot (both side) | 0.03% |
| Currency Options | Rs 22 per lot (both side) | Rs 50 per lot |
| Commodity Futures | 0.04% (both side) | 0.03% |
| Commodity Options | Nil | |
| Motilal Oswal | Aditya Birla Money | |
|---|---|---|
| Account Type | Value Pack (VP1LACLT) | |
| Fixed Charges | Rs 1,00,000 (one time fee) | |
| Equity Delivery | 0.10% | 0.30% |
| Equity Intraday | 0.01% (both side) | 0.03% |
| Equity Futures | 0.01% (both side) | 0.03% |
| Equity Options | Rs 20 per lot (both side) | Rs 50 per lot |
| Currency Futures | Rs 10 per lot (both side) | 0.03% |
| Currency Options | Rs 10 per lot (both side) | Rs 50 per lot |
| Commodity Futures | 0.01% (both side) | 0.03% |
| Commodity Options | Nil | |
| Minimum Brokerage | Rs 25 for Delivery and Rs 12 for Intraday | Rs 20 per executed order |
| Other Charges | Minimum balance: Rs 1,000 | |
| Call & Trade Charges | Nil | Nil |
Motilal Oswal transaction charges for options is NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) while Aditya Birla Money exchange transaction charges for options is Rs 5000 per Cr (0.05%) (on premium).
| Motilal Oswal | Aditya Birla Money | |
|---|---|---|
| Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 1000 per Cr (0.01%) (each side) | Rs 325 per Cr (0.00325%) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 200 per Cr (0.002%) (each side) | Rs 325 per Cr (0.00325%) |
| Equity Futures | Rs 200 per Cr (0.002%) | Rs 190 per Cr (0.0019%) |
| Equity Options | NSE Rs 5110 per Cr (0.0511%) | BSE Rs 200 per Cr (0.002%) (on premium) | Rs 5000 per Cr (0.05%) (on premium) |
| Currency Futures | Rs 125 per Cr (0.00125%) | Rs 110 per Cr (0.0011%) |
| Currency Options | Rs 4200 per Cr (0.042%)(on premium) | Rs 4000 per Cr (0.04%) (on premium) |
| Commodity | MCX: Rs 250 per Cr (0.0025%) | MCX - Rs 300 per Cr (0.003%) | NCDEX - Rs 400 per Cr (0.004%) |
Motilal Oswal margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Aditya Birla Money margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Motilal Oswal | Aditya Birla Money | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
The trading platforms offered Motilal Oswal include Orion Lite, MO Trader App. Aditya Birla Money offers Etrade, Advanced web, Mobile invest trading software.
| Motilal Oswal | Aditya Birla Money | |
|---|---|---|
| 3 in 1 Account |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Trading Platform | Orion Lite, MO Trader App | Etrade, Advanced web, Mobile invest |
| Intraday Square-off Time | 3:15 | |
| Trading In SME Shares Allowed? | ||
| Referral Program | |
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| Other Features | Insurance and Pension scheme available | |
Motilal Oswal is rated 2.3 of 5 based on 126 customer reviews whereas Aditya Birla Money is rated 3.0 of 5 based on 25 customer reviews.
| Motilal Oswal | Aditya Birla Money | |
|---|---|---|
126 Customer Reviews  |
25 Customer Reviews |
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| Broker Rating | Motilal Oswal is rated 2.3 of 5 based on 126 customer reviews | Aditya Birla Money is rated 3.0 of 5 based on 25 customer reviews |
| Motilal Oswal Enquire | Aditya Birla Money Enquire | |
|---|---|---|
| Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Motilal Oswal | Aditya Birla Money | |
|---|---|---|
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| Commodity | |
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| IPO | |
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| Bond / NCD | |
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| Other Investment Options | PMS, Fixed Deposits, Insurance, Derivatives | Mutual Funds |
| Motilal Oswal | Aditya Birla Money | |
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| Bracket Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| Good Till Cancelled (GTC) | |
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| Motilal Oswal | Aditya Birla Money | |
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| Daily Market Report | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Motilal Oswal | Aditya Birla Money | |
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| Motilal Oswal | Aditya Birla Money | |
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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