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Both the brokers are registered with SEBI. Groww offers investmenet in Equity, F&O and Currency only, where Motilal Oswal offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Groww Max Rs 20 per trade while the brokerage of Motilal Oswal ranges between 0.02 to 0.20%. Groww is a Discount Broker where Motilal Oswal is a Full Service Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Motilal Oswal is 53,73,705 where number of active customer for Groww is 8,05,125. Motilal Oswal is serving more customer compare to Groww.
Here we present side-by-side comparison of Groww 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 Groww 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 Groww 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 Groww vs Motilal Oswal's on
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.
 Groww |
 Motilal Oswal |
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| Overall Rating |
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| Brokerage Charges |
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| Trading Platform |
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| Investments Offering |
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| Customer Service |
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Broker Type
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Discount Broker | Full Service Broker |
| Exchanges Supported
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NSE, BSE | BSE, NSE, MCX, NCDEX |
| Active Clients | 8,05,125 | 53,73,705 |
| Broker Overview | Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok...  |
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 |
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Comparison of Groww 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 - Groww offer Free AMC for Demat account where Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account.
| Charges | Groww | Motilal Oswal |
|---|---|---|
| Trading Account Opening Fees | Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Free | Rs 400 per annum [Free for 1st year] |
| Provide DP Service |  |
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Plans are the most important feature you look when compare Groww with Motilal Oswal. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.
| Plan Types | Groww | Motilal Oswal |
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| Multiple Plans |  |
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| Monthly Plans | |
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| Yearly Plans | |
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| Zerodha | Zerodha | |
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| Account Opening Request |
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
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 | Groww | Motilal Oswal |
|---|---|---|
| Plan Name | Flat Brokerage Plan | Default Brokerage Plan |
| Equity Delivery | 0.05% or Rs 20 whichever is lower | 0.20% |
| Equity Intraday | 0.05% or Rs 20 whichever is lower | 0.02% |
| Equity Futures | Flat Fee Rs 20 | 0.02% |
| Equity Options | Flat Fee Rs 20 | Rs 20 per lot |
| Currency Futures | Not Available | Rs 20 per lot |
| Currency Options | Not Available | Rs 20 per lot |
| Commodity Trading | Not Available | Futures: 0.02%| Options: Rs 200 Per Lot |
| Minimum Brokerage | NIL | NIL |
| Hidden Charges | Info Not Available | No |
| Funding | Info Not Available | Yes - 18% interest PA |
| Call & Trade Charges | Rs 50 Per Executable Order | NA |
| Auto Square off Charges | Rs 50 Per Executable Order | NA |
| Brokerage Calculator | Brokerage Calculator for Groww | Brokerage Calculator for Motilal Oswal |
Compare Groww with Motilal Oswal on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Groww | Motilal Oswal |
|---|---|---|
| Equity Delivery | Rs 335 Per Cr | Rs 335 Per Cr |
| Equity Intraday | Rs 335 Per Cr | Rs 335 Per Cr |
| Equity Futures | Rs 200 Per Cr | Rs 200 Per Cr |
| Equity Options | Rs 5050 Per Cr | Rs 5050 Per Cr |
| Currency Futures | Rs 90 Per Cr | Rs 90 Per Cr |
| Currency Options | Rs 3500 Per Cr | Rs 3500 Per Cr |
| Commodity | NA | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for groww | Complete Brokerage Plans for motilal-oswal |
Compare Groww 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 - Motilal Oswal offers NRI where Groww doesn't offers NRI Trading.
| Account Features Compare | Groww | Motilal Oswal |
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| 3 in 1 Account | |
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| Charting | |
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| Algo 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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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:10 PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Groww 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 | Groww | Motilal Oswal |
|---|---|---|
| Desktop Trading Platform | Orion Lite | |
| Desktop Demo | Info Not Available | Desktop Demo |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | Yes | https://power.motilaloswal.com/MOSL/userMaster/login |
| Web Trading Demo | Info Not Available | Web Trading Demo |
| Mobile Site | |
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| Mobile Trading | |
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| Mobile Trading App | Yes | MO Trader |
| Mobile Trading App Demo | Info Not Available | MO Trader Demo |
| Android Mobile App | |
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| Android App Download | Andriod Yes Download | Andriod MO Trader Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS Yes Download | iOS MO Trader Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Groww | Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Groww | Futures Brokerage Calculator for Motilal Oswal |
| Options Brokerage Calculator | Options Brokerage Calculator for Groww | Options Brokerage Calculator for Motilal Oswal |
| Detail | Detail on Trading Platforms for groww | Detail on Trading Platforms for motilal-oswal |
| Groww | Motilal Oswal | |
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6 Customer Reviews
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56 Customer Reviews
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| 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 | Groww is Rated 4.5 / 5 based on 6 customer reviews | Motilal Oswal is Rated 3.0 / 5 based on 56 customer reviews |
Compare Groww 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 - Motilal Oswal offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Motilal Oswal provides PMS Service where Groww doesn't offer
| Investment Offerings Compare | Groww | Motilal Oswal |
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| Equity Cash and F&O | |
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| Currency Deravitives | |
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| Commodity | |
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| Online IPO Application | |
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| Bond / NCD | |
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| ETF | |
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| Banking | |
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| Insurance | |
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| Forex | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare Groww 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) - Motilal Oswal provides Cover Orders (CO) where Groww doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Motilal Oswal provides Bracket Orders (BO) where Groww doesn't offer.With the name its cleare 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 higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Motilal Oswal offers After market orders where Groww doesn't offers AMO. GTC Orders- Motilal Oswal offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.
| Order Type Compare | Groww | Motilal Oswal |
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| CNC order | |
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| MIS order | |
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| NRML order | |
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| Cover order | |
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| Bracket order | |
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| AMO-After Market Orders | |
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| GTC-Good Till Cancelled | |
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Compare Groww 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 Service Compare | Groww | Motilal Oswal |
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| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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| Through Branches
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9108800604 | 022 40548000/022 67490600 |
| Account Opening Process
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Online | Online/Paperless |
| Customer Support Email
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[email protected] | [email protected] |
| Knowledge Center/Education
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https://groww.in/academy | https://edumo.motilaloswal.com/ |
| Head Office Address
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Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
| Website
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https://groww.in/ | https://www.motilaloswal.com/ |
Compare Groww with Motilal Oswal on research reports and tips provided by the broker.
| Groww | Motilal Oswal | |
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| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| 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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Compare Groww 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 Groww is Zero.
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 Groww is ₹8 + ₹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
| Groww | Motilal Oswal | |
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| DP Source | CDSL | CDSL |
| DP ID
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No | 10900 |
| Demat Account Annual Maintenance Charges(AMC) | Zero | ₹400 pa |
| Advance Deposit | Nil | NIL |
| Statutory charges | Legal Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | ₹8 + ₹5.50 CDSL charges | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) |
| Demat | ₹150 per certificate + courier charges | ₹50 per certificate + ₹50 courier charges |
| Remat | ₹150 per certificate + courier charges | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges |
| Pledge Creation | ₹20 + Rs. 12 per request (CDSL Charges) | ₹35 |
| Pledge Creation Confirmation | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
| Pledge Closure | ₹20 + Rs. 12 per request (CDSL Charges) | ₹35 |
| Pledge Closure Confirmation | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
| Pledge Invocation | ₹20 + Rs. 12 per request (CDSL Charges) | ₹35 |
| Failed Instruction Charges | ₹50 | Nil |
| Other Charges | Nil | Nil |
Compare Groww with Motilal Oswal on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| Groww | Motilal Oswal | |
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| Pay In and Pay Out Options
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pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww 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
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Max 24 hrs except bank holidays | Max 24 hrs except bank holidays. |
| Bank Supported and Charges
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Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. | Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. |
| Bank Detail | Info Not Available | Info Not Available |
| Likes |
Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
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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;
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| Dislikes |
Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
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There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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| 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 Zerodha Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2023-04-19T06:08:36+00:00
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