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Motilal Oswal Stock Trading, Demat, Brokerage and Reviews 2021


Motilal Oswal Logo

32.29% 746,173 Clients

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 its inception in 2003

Motilal Oswal has diversified client base that includes retail customers (including High Net worth Individuals), mutual funds, foreign institutional investors, financial institutions and corporate clients.

As of March 2018, Motilal Oswal had a network spread over 500+ cities and towns comprising 2,200+ Business Locations operated by the company and its Business Partners. The company has over 10,00,000 registered customers with over Rs 69,500 Crores in depository assets.

Solid research is considered as the foundation of Motilal Oswal Securities. Almost 10% of revenue is invested in equity research. The company has dedicated teams for large-cap, mid-cap and technical research. It has published more than 30,000 research reports on over 260 companies spread across 21 sectors. From a fundamental, technical and derivatives research perspective, Motilal Oswal's research reports have received wide coverage in the media. It was awarded India 's Best Market Analyst Award for IT & FMCG sector by Zee Business.

Motilal Oswal Special 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.


Account Types

  1. Default Account

    The standard trading and demat account offers a wide range of investment options customized to suit your time horizon & risk appetite. This account offers trading in investment in Equity, Derivatives, Commodity, Currency, Mutual Funds, IPO, PMS, Insurance and Fixed Income Products. The default account type is for casual traders and long term stock market investors.

  2. Value Pack

    Value Pack Account is the upfront subscription scheme, which gives significant discounts in brokerage rates. With the wide range of value packs available, customer can choose and enjoy the benefits of placing trades at reduced charges. The brokerage charges in value pack are explained below. Value packs are for frequent traders who actively trade on a daily basis.

  3. Margin Pack

    Margin Pack Account is the upfront committed margin account, which gives significant brokerage discounts. With the wide range of margin packs available, customer can choose and enjoy the benefits of placing trades at reduced charges. Margin Scheme is for frequent traders who actively trade on a daily basis.


Motilal Oswal Charges 2021

Motilal Oswal Account Opening Charges

TransactionCharges
Trading Account OpeningRs 1000 (One Time)
Trading Annual Maintenance (AMC)Rs 0
Demat Account OpeningRs 0
Demat Account Annual Maintenance (AMC)Rs 299

Trading Brokerage

Motilal broking services offer 3 unique trading plans. Customers could choose one of these as per their requirement.

1. Default Brokerage Plan

The default plan is for casual investors in the stock market. This plan is a basic plan. It includes the majority of services including access to research and advisory and free online trading software. The brokerage charges in this plan are highest.

Motilal Oswal Default Brokerage Plan
SegmentBrokerage
Equity Delivery0.50%
Intraday Cash or Future - Equity and Commodity0.05% (both side)
Options - EquityRs 100 per lot (both side)
Currency F&ORs 20 per lot (both side)

2. Value Pack Plan

The Value Pack is a prepaid brokerage plan which offers cheaper brokerage when you pay an upfront fee. This plan is for active traders. There are 7 options available in value pack starting from the upfront fee of Rs 2500 to Rs 1 Lakh.

Motilal Oswal Value Pack Scheme Brokerage

SegmentBrokerage
Equity Deliveryfrom 0.10% to 0.40%
Intraday Cash or Future - Equity and Commodityfrom 0.01% to 0.04% (both side)
Options - Equityfrom Rs 20 to Rs 50 per lot (both side)
Currency F&Ofrom Rs 10 to Rs 22 per lot (both side)

Motilal Value Pack Scheme Detail

Scheme name VP2KLT (Online) VP3KLT(Online) VP5KLT VP10KLT VP30KLT VP50KLT VPILACLT
Upfront Fees (one time) Rs 2,500 Rs 3,000 Rs 5,000 Rs 10,000 Rs 30,000 Rs 50,000 Rs 1,00,000
Validity Lifetime Lifetime Lifetime Lifetime Lifetime Lifetime Lifetime
Account Opening Fee Rs 0 Rs 0 Rs 0 Rs 0 Rs 0 Rs 0 Rs 0
Demat Account AMC (1st Year Free) Rs 299 Rs 299 Rs 550 Rs 550 Rs 550 Rs 550 Rs 550
Delivery Brokerage 0.40% (min 2 paise) 0.35% (min 2 paise) 0.30% (min 2 paise) 0.25% (min 1 paise) 0.20% (min 1 paise) 0.15% (min 1 paise) 0.10% (min 1 paise)
Intraday Cash (Equity) (both side) 0.040% (min 1 paise) 0.035% (min 1 paise) 0.030% (min 1 paise) 0.025% (min 1 paise) 0.020% (min 1 paise) 0.015% (min 1 paise) 0.010% (min 1 paise)
Intraday Futures (Equity & Commodities) (both side) 0.040% (min 1 paise) 0.035% (min 1 paise) 0.030% (min 1 paise) 0.025% (min 1 paise) 0.020% (min 1 paise) 0.015% (min 1 paise) 0.010% (min 1 paise)
Options (Equity) (both side) Rs 50 per lot Rs 45 per lot Rs 40 per lot Rs 30 per lot Rs 25 per lot Rs 25 per lot Rs 20 per lot
Options (Currency) (both side) Rs 22 per lot Rs 20 per lot Rs 18 per lot Rs 15 per lot Rs 12 per lot Rs 12 per lot Rs 10 per lot

3. Margin Scheme

Motilal Oswal Margin Scheme is for frequent traders. The brokerage charges in this plan keep reducing when you commit higher margin money in your trading account.

Motilal Oswal Margin Scheme Brokerage

SegmentBrokerage
Equity Deliveryfrom 0.15% to 0.50%
Intraday Cash or Future - Equity and Commodityfrom 0.015% to 0.05% (both side)
Options - Equityfrom Rs 25 to Rs 100 per lot (both side)
Currency F&ORs 20 per lot (both side)

Motilal Oswal - Margin Scheme Charges

Scheme Margin Rs 0 to Rs 24999 Margin Rs 25000 to Rs 49999 Margin Rs 50000 to Rs 99999 Margin Rs 100000 to Rs 299999 Margin Rs 300000 to Rs 499999 Margin Rs 500000
Trading Account AMC Rs 800 per year Rs 299 per year Rs 299 per year Rs 299 per year Rs 299 per year Rs 299 per year
Admin Charges Rs 199 per year Rs 199 per year Rs 199 per year Rs 199 per year Rs 199 per year Rs 199 per year

Motilal Oswal - Margin Scheme Brokerage

Scheme Margin Rs 0 to Rs 24999 Margin Rs 25000 to Rs 49999 Margin Rs 50000 to Rs 99999 Margin Rs 100000 to Rs 299999 Margin Rs 300000 to Rs 499999 Margin Rs 500000
Equity Delivery Brokerage 0.50% (Min 5 Paise) 0.40% (Min 3 Paise) 0.30% (Min 3 Paise) 0.25% (Min 3 Paise) 0.20% (Min 2 Paise) 0.15% (Min 1 Paise)
Equity Intraday Cash & Future (Both side) 0.05% ( Min 5 Paise ) 0.04% (Min 4 Paise) 0.03% (Min 3 Paise) 0.025% (Min 2 Paise) 0.02% (Min 2 Paise) 0.015% (Min 1 Paise)
Options Rs 100 per lot Rs 75 per lot Rs 70 per lot Rs 50 per lot Rs 40 per lot Rs 25 per lot
Currency Futures & Options Rs 20 per lot Rs 20 per lot Rs 20 per lot Rs 20 per lot Rs 20 per lot Rs 20 per lot

Motilal Demat Charges

Motilal Demat Account Charges

Particulars Charges
Scheme name AMC Scheme
Account Maintenance Charges (AMC) Rs 550
Account Administration Charges (AAC) Rs 199
Advance Rs 0
Demat Transaction Charges - Within MOFSL (Sell only) Rs 30 or 0.03% (whichever is higher)
Demat Transaction Charges - Outside MOFSL (Sell only) Rs 40 or 0.04% (whichever is higher)
Dematerialisation (In all schemes) Rs 50 per request + Rs 50 per certificate
Rematerialisation Rs 35 per certificate
Pledge, Unpledge, Closure, Invocation Rs 35 or 0.02% (whichever is higher) per ISIN request

Note: Few other demat account scheme's are available.

Visit Motilal Oswal Brokerage Charges Review for more detail.

Special Offer: Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer

Motilal Oswal Online Account Opening

  1. The fastest way to open an account with Motilal Oswal is by leaving your contact information below. Once you leave your contact information, you will get a callback in few minutes explaining you the plans and helping you with account opening process.

Motilal Oswal Trading Software (Motilal Oswal Trading Platforms)

Motilal Oswal offers a range of online trading software. Following are few popular trading softwares offered by Motilal:

  1. MO Investor (Trading Website and Mobile App)
  2. MO Trader
  3. Desktop Application (Installable Trading Terminal)
  4. Smart Watch (App for Android and Apple Watch)

 

Visit Motilal Oswal Trading Software Review for more detail.

Contact Motilal Oswal / Request Call Back

Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer

Motilal Oswal Pros and Cons


Motilal Oswal Pros (Advantages)

The following are the advantages of Motilal Oswal. You must read Motilal Oswal advantages and disadvantages before opening an account with Motilal Oswal. Motilal Oswal pros and cons help you find if it suits your investment needs.

  1. 20+ years of experience in trading and investment.
  2. Wide Range of Investment Choices - Equity, Derivatives, IPO, Mutual Funds, Insurance and Fixed Deposit.
  3. Value Pack Brokerage Schemes offers low brokerage options.
  4. Complete Ease of Operation with more than 60 banks for Fund Transfer.
  5. Free research advisory services.
  6. Free trading software.

Motilal Oswal Cons (Disadvantages)

The following are the cons of Motilal Oswal. Check the list of Motilal Oswal drawbacks.

  1. Very high brokerage charges in comparison with the discount brokers like Zerodha and 5paisa.
  2. The brokerage in value pack scheme is competitive but it requires upfront fees at the time of opting for the plan. The value pack plans cannot be update or cancelled once selected.
  3. Doesn't offer 3-in-1 account.

Motilal Oswal Enquiry Form

Motilal Oswal Margin Exposure

Motilal Oswal margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Motilal Oswal F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Motilal Oswal F&O carry forward positions and equity delivery trades.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

Motilal Oswal Ratings

Overall Rating Rated 2.4 stars 2.4/5
Fees Rated 2.8 stars 2.8/5
Brokerage Rated 2.3 stars 2.3/5
Usability Rated 3.0 stars 3.0/5
Customer Service Rated 2.6 stars 2.6/5
Research Capabilities Rated 2.5 stars 2.5/5

Based on 120 Votes by Motilal Oswal Customers

Do you trade with Motilal Oswal? Rate Motilal Oswal


Motilal Oswal Complaint

The number of Motilal Oswal customer complaint received by the exchanges. The Motilal Oswal consumer complaint report helps understanding the Motilal Oswal Securities Ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2021-22 746,173 275 0.04%
BSE 2021-22 270,382 39 0.01%
NSE 2020-21 564,034 491 0.09%
BSE 2020-21 108,657 12 0.01%
NSE 2019-20 377,123 332 0.09%
BSE 2019-20 107,202 60 0.06%
NSE 2018-19 322,121 187 0.06%
BSE 2018-19 93,959 30 0.03%
NSE 2017-18 307,647 160 0.05%
BSE 2017-18 137,652 50 0.04%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Motilal Oswal Complaints at BSE, NSE and MCX for detail report.


Motilal Oswal Margin Exposure

SegmentExposure
Equity Delivery margin4 times of the available margin
Equity Intraday margin20 times of the margin available
Futures Margin3 times of the available margin but only for Intraday position and not for carry forward position
Options MarginNo exposure as its already a leveraged product
Equity CO MarginNo exposure
Futures CO margin3 times of the available margin but only for Intraday position and not for carry forward position
Options CO marginNo exposure as its already a leveraged product
Commodity margin3 times of the available margin but only for Intraday position and not for carry forward position & 5 Times on margin in value +

6 Reasons to Open Account with Motilal Oswal

  1. Leading Broker in India

    • 4-time winner of Best Performing Equity Broker (National) by CNBC TV18 Financial Advisor Awards
    • 30 years of experience in wealth creation
    • A Million+ customers, 2,200+ locations, 500+ cities
  2. Research Servies

    • Awarded by Zee Business as India's Best Market Analyst Award for IT & FMCG sector
    • Published 30,000+ research reports across 225+ companies and 25+ sectors
    • Dedicated teams for large-cap, mid-cap & technical research
    • Daily, weekly, monthly, quarterly & yearly reports across asset class
  3. Advisory Services

    • Available across asset classes
    • Available across devices - Mobile, Tablet, Desktop, & Web
    • Customized actionable plan across investment styles & risk profiles
    • Advanced tools & strategies for various time
  4. Technology

    • Powerful trading platforms across Desktop, Web, mobile or Tablet
    • Trade, Invest, Track, Review through a single login
    • LIVE streaming quotes and technical charts to help you make the right decision
  5. Product & Services

    • All trading & investment solutions ranging from Equities to Insurance under one roof
    • Trade across exchanges - BSE, NSE, NCDEX, MSEI
    • All products backed by the customized solid research & advice
    • Robust trading platforms, highly skilled dedicated advisors and Call & Trade desk
    • Services available through branches or business partners and online
  6. Operational Efficiency

    • Apply for an account in just 15 minutes & 6 simple steps
    • 1-day account activation
    • Dedicated customer service team with a 6-hour query resolution TAT
    • Customer centric Risk Management System
    • Real-time payouts to customers
    • Standard plus value added customer reports

Frequently Asked Questions

  1. 1. How to close Motilal Oswal account online?

    Motilal Oswal account cannot be closed online.

    Steps for closing your Motilal Oswal account offline are as follows:

    1. Download the account closure form.
    2. Fill the closure form with the required information and sign it.
    3. Send the form to their head office or physically submit it to the nearest branch.

    Points to note before initiating the account closure:

    • There should be no shares left in your account.
    • Clear outstanding dues, if any.
    • Square off F&O open positions, if any.

     


436 Comments

436. MANOJ BABTIWALE  Nov 24, 2021 11:02:54 AM I Like It. | Report Abuse Reply
MUZE CALL KAR BOLA TUMARE BOKREJ 50 PAISE SE 30PAISE KARGE , MUJSE OTP MANGE AUR MERE DP AC RS3540- DR HO GAYA,MUZE LOSS ME SHEAR BECHNA PADA , AUR PAISE DENE PADE
435. Ashok jain  Nov 18, 2021 10:52:44 AM I Like It. | Report Abuse Reply
very bed experience with motilal oswal. my account was suspended without any reasons and without any intimation. in spite of account suspended they charges their AMC. I have many time mailed to them for resolve the problem and also talked on customer care but no response. As per me zero rating.
434. Saptarshi Duari  Nov 15, 2021 6:36:38 PM I Like It. | Report Abuse Reply
High brokerage

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Below Average
Overall Experience - Below Average
433. Ashwani sengar  Oct 16, 2021 11:41:21 AM I Like It. | Report Abuse Reply
Motilal oswal was my worst nightmare. These finanical advisor which is assigned to are thick skin money sucking parasite. They are liars and dont believe a single word of them. They are not financial advisor they are sales parasite. These parasites are only interested in generating brokerage for their bosses and they dont give a about customer. I lost around 23000 rs in my first year. My bad experience turn nightmare one day where i made losses of rs 22000 plus 10000 rs brokerage. I lost 32000 rupee on that one day. They are big time liars, stay away from them Period. If you really wants to throw your hard earned money, throw away on street, it will help poor people rather than trusting your money with motilal oswal. Period. I learnt it in hardway. Hope my experience will save few investor. You cant trust them with your money.
433.1. Ayush  Nov 10, 2021 12:19:17 PM I Like It. | Report Abuse
Should I open account with Motilal Oswal for advisory & research services???
Btw I have another account in Zerodha & Angel One for trade purposes.
432. shripal shah  Nov 8, 2021 5:16:58 PM I Like It. | Report Abuse Reply
Motilal oswal is chitter broker. This broker is not give proper answer. Broker behaviour is very poor for client. Ye broker ki scheme aa ja fsa ja. Wali hai. Please do not open your account in motilal oswal. Jo aapka account hai to urgent close karva do nahi to bad me pastaoge.
431. Anand  Nov 3, 2021 10:17:06 AM I Like It. | Report Abuse Reply
Very 3rd class level service and MO app for trading.. seriously don't think to open Demat account with MO. Their advisors are non educated. Very very bad experience. You can't do trading you need follow-up them.
430. Sai Shrikant Darawade  Oct 31, 2021 10:11:52 PM I Like It. | Report Abuse Reply
Web use is superb

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Average
Website Usability - Excellent
Research Capabilities - Above Average
Customer Service - Excellent
Overall Experience - Above Average
429. jayesh yawalkar  Oct 23, 2021 11:49:09 AM I Like It. | Report Abuse Reply
i recommend to don't open account in Motilal ,

Very high charges , financial advice conntiusally call you to trade in FNO & Option to make commision.



i loss 2lk by motilal oswal ...

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
428. Bhawna  Oct 19, 2021 2:10:52 PM I Like It. | Report Abuse Reply
Very very bad service. Staff is unexpirienced they cant give right answers to ur queries not even tell about their company's rule. Brokerage rate is high,they increase price of per share very high if u hold any share as delivery. All commitments are fake which they commits at the ye of openning the account. U can never talk to their staff when u needed they always say that ur advisor will call u back nd then they never call again. Advisor will talk u only in starting days when u ll open ur account nd trying to make u invest in their mutual funds nd if u will not interested then u ll not get any calls from them after some days. Their app is good to use otherwise rest of all the things are very pathetic. I am facing loss daily due to these reasons I am giving this feedback after using their service from 3-4 months.Never open any aacount please their are many other good options

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
427. Ashwani sengar  Oct 16, 2021 1:37:26 PM I Like It. | Report Abuse Reply
They are big time liars and fool customer by manipulative technique by their so called financial advisor.

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
426. vasanthakumar  Oct 14, 2021 2:13:30 AM I Like It. | Report Abuse Reply
Very Poor customer service


Ratings:

Brokerage - Below Average
Account Maintenance Fees - Below Average
Website Usability - Above Average
Research Capabilities - Excellent
Customer Service - Very Poor
Overall Experience - Very Poor
425. S Anand  Oct 5, 2021 2:16:29 AM I Like It. | Report Abuse Reply
My experience with Motilal Oswal was that of being cheated and deception. Before you open dmat account they pick up your phone and speak like professionals, but once you have opened the account nobody will take your calls. There is no service. No customer care to hear you. The calls you will receive from landline no of Oswal are tagged as spam and fraud by trucaller. I regret opening a dmat account in Motilal.
I warn anybody planning to open, do so at your own risk. Motilal Oswal is a bogus company.
424. Naresh kumar  Sep 7, 2021 2:29:53 PM I Like It. | Report Abuse Reply
brokrage high

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Excellent
Overall Experience - Average
423. Sireesha Pratha  Jun 18, 2021 7:23:59 PM I Like It. | Report Abuse Reply
Nice

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
423.1. Surajit Singharoy  Jul 30, 2021 4:39:50 PM I Like It. | Report Abuse
Fake review
422. Pulugu Rohit kumar  Jun 22, 2021 4:00:59 PM I Like It. | Report Abuse Reply
Excellent

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
422.1. Surajit Singharoy  Jul 30, 2021 4:39:23 PM I Like It. | Report Abuse
Fake review
421. Surajit Singharoy  Jul 28, 2021 11:49:59 AM I Like It. | Report Abuse Reply
Motilaloswal , Very horrible , how come they have got such a marking. All their advices are below average! They advise to buy when Market is up and sell when down! I have already lost 15K. I think with my limited knowledge I can trade better. Do not let them give you advises. I have written emails to them but hardly anyone replies.
421.1. Surajit Singharoy  Jul 30, 2021 4:34:07 PM I Like It. | Report Abuse
Even , I have written to their Supreme Authority to act but no response. Today , I let them do the last trade and again they have brought loss !! One month , I wanted to see their efficiency and found below average. So transferred rest of the balance to my bank. Do not make account to Motilal Oswal Securities . Even , you want to do the daily trading then do buy yourself. I have given this opinion after trading one month with them.
420. BVV  Jul 20, 2021 5:32:37 PM I Like It. | Report Abuse Reply
Actually Motilal Oswal (MO) has too much of superiority complex. Their each staff feels they are the Chairmen of the Company. I was sad after opening the PMS account with MO about 3-4 years back, but that time their MD was a decent professional guy (who now resigned) and he helped me. During my recent one incidence of their webinar I attended and then the MOSL team were messing up with NRI investment process etc., I once again had to go to their MD as their team including senior mgmts were passing bug to one another. Shockingly this new MD did not even bothered to revert of help or directed my case to someone within MOSL. He is useless. In MOSL, once you have a RM (in my case my broker) they simply say that I can not contact MOSL directly. I had PMS through a broker who is MO's agent, so now no matter whichever new investments I want to do thru MO, I have to use that same agent. I must contact MO through same agent / broker. Is this sensible? May be some one has problem with broker too! Believe me they are Ok to lose the business, but not ready to support customer. So finally I had to drop that investment plan. All big talks in webinars, but when time comes to give services they are fuuuuuuuusssssss.
419. Gagan d  Jul 8, 2021 3:38:59 PM I Like It. | Report Abuse Reply
I have opened a new demat account in motilal oswal and within one month I have to compain SEBI for two times for not giving me Free M100 ETF and not able to transfer funds from my saving account to my DEMAT ACCOUNT. I have written to their MD and at query and grievance cell , but got no response. Their commodity research is 70% correct but currency research is 10% correct. I have lost 50% of my money within one month. Their intraday trading and swing trading calls are 20% correct. There commodity calls are 80% correct, currency derivative calls are 1% correct. I did complain to SEBI 12 times but no improvement. After 4 months I have last 80% money. If you like to lost your money at fast pace then do join MOFSL demat account. They have earned a lot from me in 4 months but on quality service part 99% false.
418. BVV  Jul 20, 2021 5:22:07 PM I Like It. | Report Abuse Reply
Actually Motilal Oswal (MOSL) has too much of superiarity compelx. Their each staff feels they are the Chairmen of the Company. I had almost exactly similar experince like you, but that time their MD was a decent professional guy (who now resigned) and he helped me. During my recent one incidence of their webinar I attended and then the MOSL team were messing up with NRI investment process etc., I also had to go to their MD and he did not even bothered to revert of help or directed my case to someone within MOSL. He is useless. In MOSL, once you have a RM (in my case my broker) they simply say that I can not contact MOSL directly. I must come through broker. Is this sensible? May be some one has problem with broker too! Believe me they are Ok to lose the business, but finally I had to drop that investment plan.
417. Karthikram Nabarathi  Jun 21, 2021 4:49:27 PM I Like It. | Report Abuse Reply
Excellent

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent

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