Sharekhan Vs Motilal Oswal Share Broker Comparison
The side-by-side comparison of Sharekhan and Motilal Oswal Securities Ltd stock brokers in India. The comparison below highlights the similarities and differences between Sharekhan and Motilal Oswal's brokerage, customer service, maintenance fees, tools and investment options provided to India Stock Market investors. If you are confused in choosing the best broking site, this page is to help you find which is the best broker among Sharekhan and Motilal Oswal.
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Sharekhan |
Motilal Oswal Securities Ltd |
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| About the Broker |
Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & f...  |
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 Fun... |
Type of Broker
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Full Service Broker |
Full Service Broker |
| Supported Exchnage
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BSE, NSE, MSEI, MCX |
BSE, NSE, MCX |
| Account Type
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Classic Account |
Standard Account |
| Broker Enquiry |
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Stock Broker Fees / Charges
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Sharekhan |
Motilal Oswal Securities Ltd |
| Trading Account Opening Fees
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₹0 (Free) |
₹0 |
| Trading Account AMC
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₹0 (Free) |
₹0 |
| Demat Account Opening Fees
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₹0 (Free) |
₹0 |
| Demat Account AMC
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₹400 (Free for 1st year) |
₹299 (1st year free) |
| Demat Account is Mandatory?
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No |
No |
Trading Brokerage Charges
Brokerage Plan 1
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Sharekhan |
Motilal Oswal Securities Ltd |
| Account Type |
Classic Account |
Standard Account |
| Fixed Charges
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| Equity Delivery Brokerage
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0.50% |
0.15% to 0.50% |
| Equity Intraday Brokerage
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0.10% |
0.015% to 0.05% |
| Equity Futures Brokerage
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0.10% |
0.015% to 0.05% |
| Equity Options Brokerage
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₹100 per lot |
₹25 to ₹100 per Lot |
| Currency Futures Trading Brokerage
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0.10% |
₹20 per Lot |
| Currency Options Trading Brokerage
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₹30 per lot |
₹20 per Lot |
| Commodity Futures Trading Brokerage
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0.10% |
0.03% |
| Commodity Options Trading Brokerage
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Brokerage Plan 2
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Sharekhan |
Motilal Oswal Securities Ltd |
| Account Type |
Prepaid - ₹1 Lakh |
Standard Account |
| Fixed Charges
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₹1,00,000 per year |
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| Equity Delivery Brokerage
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0.10% |
0.15% to 0.50% |
| Equity Intraday Brokerage
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0.015% |
0.015% to 0.05% |
| Equity Futures Brokerage
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0.015% |
0.015% to 0.05% |
| Equity Options Brokerage
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0.05% or ₹63 per lot |
₹25 to ₹100 per Lot |
| Currency Futures Trading Brokerage
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₹20 per Lot |
| Currency Options Trading Brokerage
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₹20 per Lot |
| Commodity Futures Trading Brokerage
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0.03% |
| Commodity Options Trading Brokerage
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Brokerage Plan 3
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Sharekhan |
Motilal Oswal Securities Ltd |
| Account Type |
Margin - ₹1 Lakh |
Standard Account |
| Fixed Charges
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₹1,00,000 margin |
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| Equity Delivery Brokerage
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0.25% |
0.15% to 0.50% |
| Equity Intraday Brokerage
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0.05% |
0.015% to 0.05% |
| Equity Futures Brokerage
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0.05% |
0.015% to 0.05% |
| Equity Options Brokerage
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1% or ₹70 per lot |
₹25 to ₹100 per Lot |
| Currency Futures Trading Brokerage
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₹20 per Lot |
| Currency Options Trading Brokerage
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₹20 per Lot |
| Commodity Futures Trading Brokerage
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0.03% |
| Commodity Options Trading Brokerage
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Other Charges
| Minimum Brokerage Charges
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Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future ₹0.001 per share |
₹25 for Delivery and ₹12 for Intraday |
| Other Brokerage Charges
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Minimum balance: ₹1,000 |
| Call & Trade Charges
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Taxes
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Sharekhan |
Motilal Oswal Securities Ltd |
| Securities Transaction Tax (STT)
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- 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)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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- 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)
- Currency Futures: Nil
- Currency Options: Nil
- Commodities: 0.01% on sell side (Non-Agri)
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| Exchange Transaction Charges
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Check table below |
Check table below |
| SEBI Charges
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Rs 15 per Crore |
Rs 15 per Crore |
| Goods and Services Tax (GST)
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18% on (brokerage + transaction charges) |
18% on (brokerage + transaction charges) |
| Stamp Duty
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Charged as per the state of the client's correspondence address. |
Charged as per the state of the client's correspondence address. |
Transaction Charges
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Sharekhan |
Motilal Oswal Securities Ltd |
| Equity Delivery
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NSE ₹325 | BSE ₹275 |
NSE: 0.00335% | BSE: 0.01% |
| Equity Intraday
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NSE ₹325 | BSE ₹275 |
NSE: 0.00325% | BSE: 0.002% |
| Equity Futures
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NSE ₹190 | BSE ₹50 |
0.002% |
| Equity Options
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NSE ₹5000 | BSE ₹50 |
NSE 0.0511% | BSE 0.002% (on premium) |
| Currency Futures
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NSE ₹135 | MCX ₹130 |
0.00125% |
| Currency Options
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NSE ₹4220 | MCX ₹3220 |
0.042% (on premium) |
| Commodity
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MCX (Non-Agri) ₹230 | MCX (Agri) ₹95 |
MCX: 0.0025% |
Exposure
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Sharekhan |
Motilal Oswal Securities Ltd |
| Equity Delivery
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6.67x for A group stock | 5x to 2.5x for B group stock |
4 times |
| Equity Intraday
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10x for A & B group stock |
20 time for Margin+ (Over 140 Stocks), 4 times for other stocks |
| Equity Futures
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66.67x for Indices futures | 40x to 22.5x for stock futures |
Intraday: 3 times | Carry forward position: no exposure |
| Equity Options
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0x |
No exposure |
| Currency Futures
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NA |
| Currency Options
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NA |
| Commodity
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Intraday: 3 times | Carry forward position: no exposure |
Share Broker Features
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Sharekhan |
Motilal Oswal Securities Ltd |
| 3 in 1 Account
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| Charting
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| Automated Trading
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| SMS Alerts
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| Online Demo
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| Online Portfolio
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| Margin Trading Funding Available
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| Margin Against Shares (Equity Cash)
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| Margin Against Shares (Equity F&O)
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| Trading Platform
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TradeTiger |
Orion Lite |
| Intraday Square-off Time
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3:30 PM |
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| Other Features
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Broker Ratings (Average User Rating)
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Sharekhan |
Motilal Oswal Securities Ltd |
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276 Customer Reviews  |
79 Customer Reviews |
| Fees Ratings |
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| Trading Brokerage Rating |
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| Trading Platform Usability |
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| Customer Service Ratings |
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| Overall Ratings |
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| Broker Rating |
Sharekhan is Rated 3.3 / 5 based on 276 customer reviews |
Motilal Oswal is Rated 2.7 / 5 based on 79 customer reviews |
Contact Broker / Request A Call Back
Investment Options Available
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Sharekhan |
Motilal Oswal Securities Ltd |
| Stock / Equity
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| Commodity
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| Currency
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| Initial Public Offers (IPO)
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| Mutual Funds
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| Bond / NCD
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| Debt
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| Other Investment Options
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Loans, NRI Trading |
PMS, Fixed Deposits, Insurance, Derivatives |
Customer Service Offered
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Sharekhan |
Motilal Oswal Securities Ltd |
| 24/7 Customer Service
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| Onine Live Chat
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| Through Branches
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Order Type
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Sharekhan |
Motilal Oswal Securities Ltd |
| Bracket Order
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| Cover Order
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| Buy Today Sell Tomorrow (BTST)
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| Sell Today Buy Tomorrow (STBT)
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| After Market Order(AMO)
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| Good Till Cancelled (GTC)
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Research / Tips / Reports Published
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Sharekhan |
Motilal Oswal Securities Ltd |
| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Suitable for Investor Category
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Sharekhan |
Motilal Oswal Securities Ltd |
| Casual Investor
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| Active Investor
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| Trader
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Pros, Cons and Other Review Comments
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Sharekhan |
Motilal Oswal Securities Ltd |
| Pros
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- It has a strong network of over 1950 branches across India.
- The fund transfer from and to the trading account is free.
- The share transfer from and to the DP account is free when trading from Sharekhan trading account.
- The 'TradeTiger' is the most popular trading terminal in India.
- Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
- Stock SIP is available.
- Loan against shares, margin funding, ipo financing and ESOP funding is available.
More Advantages... |
- Over 8.5 Lakh customers. One of the largest stock broker in India with PAN India coverage across 1,900+ locations in over 500 cities.
- Provides daily, weekly, monthly, quarterly & yearly reports across asset class. Advice across Equity, Derivatives, Commodity, Currency and Mutual Funds.
- Motilal Oswal offers customized brokerage schemes suited to your trading requirements. The cost depends on the scheme that you choose while opening your trading account.
More Advantages... |
| Cons
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- Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
- Sharekhan brokerage is high in comparison to the discount brokers.
- Sharekhan charges ₹400 as AMC for trading account in addition to ₹400 for demat account.
More Disadvantages... |
- Margin Deposit Rs 10,000+ is required
- In order to use our Online Trading Platform, you will be required to have a demat account with Motilal Oswal. You cannot use your existing demat account.
More Disadvantages... |
| Reviews
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| Promo / Offers
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Free Trading & Demat Account (for limited time only)
Sharekhan offers FREE Trading + Demat Account (₹1150 waived). You can also avail of attractive trading plans that suit your needs by just paying the AMC charges that are fully adjustable against brokerage. Thereby saving up to 70% on brokerage.
This is a limited time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.
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Free (Trading & Demat Account) + Free Brokerage for 1st Month
Motilal Oswal offers FREE Trading + Demat Account (₹500 waived). You can also avail free brokerage for first month, 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. |
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Enquire about Sharekhan
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Enquire about Motilal Oswal
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Zerodha
Zero Account Opening Fee