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Sharekhan Vs Motilal Oswal: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Sharekhan ranges between 0.1 to 0.5% while the brokerage of Motilal Oswal ranges between 0.02 to 0.20%. Both the brokers are Full Service brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Motilal Oswal is 8,74,230 where number of active customer for Sharekhan is 6,65,129. Motilal Oswal is serving more customer compare to Sharekhan.

Here we present side-by-side comparison of Sharekhan vs Motilal Oswal share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Sharekhan vs Motilal Oswal's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Sharekhan vs Motilal Oswal share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Sharekhan vs Motilal Oswal's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Sharekhan vs Motilal Oswal on Service

  Sharekhan Compare
Sharekhan
Motilal Oswal Compare
Motilal Oswal
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 6,65,129 8,74,230
Broker Overview Sharekhan is one of the oldest and the most popular full-service broker with the best platforms, powerful Trade Tiger terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated relation... Know more about Sharekhan Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors.
Broker Enquiry Request call back from Sharekhan Request call back from Zerodha
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Account Opening Charges and AMC

Compare Sharekhan vs Motilal Oswal on Trading & Demat Account Opening Charges

Comparison of Sharekhan with Motilal Oswal on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Sharekhan charges Rs 400 PA (Free for 1st year)) AMC for Demat account where Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Sharekhan with Motilal Oswal
Charges Sharekhan Motilal Oswal
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA (Free for 1st year)) Rs 400 per annum [Free for 1st year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Sharekhan vs Motilal Oswal on Plan Options

Plans are the most important feature you look when compare Sharekhan with Motilal Oswal. This section compare on high level about type of plans offered by brokers. Multiple Plans - Sharekhan provide Multiple Plans where Motilal Oswal doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Sharekhan with Motilal Oswal on Plan Options
Plan Types Sharekhan Motilal Oswal
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Sharekhan Zerodha
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs Motilal Oswal on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.

Brokerage Charges - Compare Sharekhan with Motilal Oswal
Brokerage Charges Compare Sharekhan Motilal Oswal
Plan Name Sharkehan Brokerage Plan Default Brokerage Plan
Equity Delivery 0.30% 0.20%
Equity Intraday 0.02% 0.02%
Equity Futures 0.02% 0.02%
Equity Options Rs 20 per lot Rs 20 per lot
Currency Futures 0.02% Rs 20 per lot
Currency Options Rs 5 per lot Rs 20 per lot
Commodity Trading Rs 20 per lot Futures: 0.02%| Options: Rs 200 Per Lot
Minimum Brokerage Rs 20 NIL
Hidden Charges No No
Funding Yes - 18% interest PA Yes - 18% interest PA
Call & Trade Charges Free NA
Auto Square off Charges Free NA
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for Motilal Oswal
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Share Broker's Transaction Charges

Compare Sharekhan vs Motilal Oswal on Transaction Charges

Compare Sharekhan with Motilal Oswal on transaction charges and PCM fee by segment.

Transaction Charges - Compare Sharekhan with Motilal Oswal
Transaction Charges Compare Sharekhan Motilal Oswal
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for sharekhan Complete Brokerage Plans for motilal-oswal
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Account Features

Compare Sharekhan vs Motilal Oswal on Account Features

Compare Sharekhan with Motilal Oswal on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Sharekhan with Motilal Oswal
Account Features Compare Sharekhan Motilal Oswal
3 in 1 Account No Sharekhan have 2-in-1 account. Only Demate and Trading account. No Sharekhan have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes Yes
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Sharekhan vs Motilal Oswal on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan and Motilal Oswal. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Sharekhan with Motilal Oswal
Trading Platform Compare Sharekhan Motilal Oswal
Desktop Trading Platform TradeTiger Orion Lite
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.sharekhan.com/ https://power.motilaloswal.com/MOSL/userMaster/login
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Sharekhan MO Trader
Mobile Trading App Demo Sharekhan Demo MO Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod MO Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sharekhan Download iOS MO Trader Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Sharekhan Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Motilal Oswal
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Motilal Oswal
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for motilal-oswal

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Broker Ratings by Users

Compare Sharekhan vs Motilal Oswal on User Rating

  Sharekhan Motilal Oswal
  184 Customer Reviews    Rate Sharekhan 57 Customer Reviews    Rate Motilal Oswal
Fees Ratings 3.2 3.2
Trading Brokerage Rating 3.1 2.6
Trading Platform Usability 3.9 3.2
Customer Service Ratings 3.5 3.0
Overall Ratings 3.6 3.0
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews
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Investment Offerings

Compare Sharekhan vs Motilal Oswal on Investment Offerings

Compare Sharekhan with Motilal Oswal on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

Investment Offerings - Compare Sharekhan with Motilal Oswal
Investment Offerings Compare Sharekhan Motilal Oswal
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service Yes Yes
Other Investment Options NIL NIL
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Order Types

Compare Sharekhan vs Motilal Oswal on Order Types

Order Type - Compare Sharekhan with Motilal Oswal on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Sharekhan with Motilal Oswal
Order Type Compare Sharekhan Motilal Oswal
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Sharekhan vs Motilal Oswal on Customer Service

Compare Sharekhan with Motilal Oswal on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Sharekhan with Motilal Oswal
Customer Service Compare Sharekhan Motilal Oswal
24/7 Customer Service Sharekhan vs Motilal Oswal - 24x7 customer support No No
Email Support Sharekhan vs Motilal Oswal - Email Support Yes Yes
Onine Live Chat Sharekhan vs Motilal Oswal - Onine Live Chat Yes No
Phone Support Sharekhan vs Motilal Oswal - Phone Support Yes Yes
Toll Free Number Sharekhan vs Motilal Oswal - Toll Free Number Yes No
Through Branches Sharekhan vs Motilal Oswal - Through Branches Yes Yes
Customer Care Number Sharekhan vs Motilal Oswal - Customer Care Number 1800227500 022 40548000/022 67490600
Account Opening Process Sharekhan vs Motilal Oswal - Account Opening Process Offline Online/Paperless
Customer Support Email Sharekhan vs Motilal Oswal - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Sharekhan vs Motilal Oswal - Knowledge Center/Education https://www.sharekhan.com/help/hello https://edumo.motilaloswal.com/
Head Office Address Sharekhan vs Motilal Oswal - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Website Sharekhan vs Motilal Oswal - Company Website https://www.sharekhan.com https://www.motilaloswal.com/
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Tips/Research/Reports Published

Compare Sharekhan vs Motilal Oswal on Research Reports, Tips

Compare Sharekhan with Motilal Oswal on research reports and tips provided by the broker.

Research Reports - Compare Sharekhan with Motilal Oswal
  Sharekhan Motilal Oswal
Research Mutual Funds Sharekhan vs Motilal Oswal - Research Mutual Funds Yes Yes
Research Equity Reports Sharekhan vs Motilal Oswal - Research Equity Reports Yes Yes
Research ETF Sharekhan vs Motilal Oswal - Research ETF Yes Yes
Daily Market Report Sharekhan vs Motilal Oswal - Daily Market Report Yes Yes
Free Tips Sharekhan vs Motilal Oswal - Free Tips Yes Yes
Quarterly Result Analysis Sharekhan vs Motilal Oswal - Quarterly Results Yes Yes
News Alerts Sharekhan vs Motilal Oswal - Yes Yes
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Demat Account

Compare Sharekhan vs Motilal Oswal on Demat Account

Compare Sharekhan with Motilal Oswal on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Motilal Oswal is ₹400 pa where for Sharekhan is ₹500 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Sharekhan is 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) where for Motilal Oswal is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges).You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Sharekhan with Motilal Oswal
  Sharekhan Motilal Oswal
DP Source CDSL CDSL
DP ID Sharekhan vs Motilal Oswal - DP ID 36000 10900
Demat Account Annual Maintenance Charges(AMC) ₹500 pa ₹400 pa
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) NIL
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)
Demat ₹5 per certificate (Min 50 per request) ₹50 per certificate + ₹50 courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges
Pledge Creation 0.03% (Min ₹100) ₹35
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil ₹35
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil ₹35
Failed Instruction Charges Nil Nil
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Motilal Oswal on Special Offers and Promotion

Compare Sharekhan with Motilal Oswal on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Sharekhan vs Motilal Oswal on Special Offers and Promotion
  Sharekhan Motilal Oswal
Pay In and Pay Out Options Sharekhan vs Motilal Oswal - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Sharekhan vs Motilal Oswal - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays.
Bank Supported and Charges Sharekhan vs Motilal Oswal - Bank Supported and Charges Info Not Available Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms.
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Info Not Available
Likes
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

Detail Review...

There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;

  • Choice of asset classes i.e., equities, derivatives, commodities, and currencies.
  • Free Demat and trading account opening.
  • Zero maintenance fee for 1st year.
  • Free mobile app for traders (Trader App) and investors (Investor App).
  • Invest in mutual funds and IPOs for free.
  • Free research reports & recommendations.
  • Safe & secure fund transfer with 39+ banks.
  • Access features; StockSIP, IAP (Algorithm advisory), and improve my portfolio (PR).
  • Margin trading and margin against shares
  • Free call & trade service.
  • EDUMO (free learning platform) for beginners, intermediate, and advanced traders.

Detail Review...

Dislikes
  • It doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Does not offer Direct mutual fund.
  • Detail Review...

There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;

  • High brokerage charges
  • Unlike many full-service brokers like Kotak, ICICI, etc., Motilal Oswal does not have any flat discount brokerage plan.
  • You cannot open a 3-in-1 account, Demat + Trading + Bank A/c.
  • It only provides regular mutual fund schemes.

Detail Review...

Special Offers/Promo Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin)
Enquiry Open Sharekhan Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-03-04T07:37:57+00:00