Motilal Oswal Brokerage Charges — Complete Breakdown
All charges as of 2025. Data sourced from Motilal Oswal's official documentation.
| Segment | Brokerage | STT | Txn Charges | Stamp Duty | GST |
|---|---|---|---|---|---|
| Equity Delivery | 0.5% (buy + sell) | 0.1% (buy + sell) | NSE: 0.00297% | BSE: 0.00375% | 0.015% (buy only) | 18% on brokerage + txn |
| Equity Intraday | 0.05% (buy + sell) | 0.025% (sell only) | NSE: 0.00297% | BSE: 0.00375% | 0.003% (buy only) | 18% on brokerage + txn |
| F&O — Futures | 0.05% of trade value | 0.02% (sell only) | NSE: 0.000188% | BSE: 0.000188% | 0.002% (buy only) | 18% on brokerage + txn |
| F&O — Options | ₹50 per executed order | 0.1% on premium (sell) | NSE: 0.0495% on premium | 0.003% (buy only) | 18% on brokerage + txn |
Motilal Oswal Account Charges & Fees
Account Opening
Free
Demat AMC (Annual)
₹400/year
Think2Invest Rating
3.7 / 5.0
Broker Type
Full-Service Broker
Motilal Oswal — Pros & Cons
✅ What Motilal Oswal does well
- Award-winning equity research — 30+ analysts
- Dedicated wealth advisor / RM for HNI
- PMS (Portfolio Management Service) from ₹50L
- AIF (Alternative Investment Fund) access
- MOSt Shares — their own branded ETFs
- Mutual fund distribution with advisory
- Free account opening
❌ Limitations to know
- High percentage brokerage for active traders
- ₹400/year Demat AMC
- Not cost-effective for frequent traders
- App less intuitive than Kite or Dhan
Motilal Oswal Trading Platforms
01
MO Investor App (long-term)
02
MO Trader App (active trading)
03
MO Web
04
MO TWS (advanced terminal)
Motilal Oswal Brokerage — Frequently Asked Questions
Motilal Oswal charges 0.5% of trade value for equity delivery trades.
Motilal Oswal charges 0.05% of trade value for intraday trades.
Yes. In addition to brokerage, every trade attracts: STT (Securities Transaction Tax) levied by the government, exchange transaction charges from NSE/BSE, 18% GST on brokerage + exchange charges, SEBI turnover charges (₹10/crore), and stamp duty on the buy side.
Motilal Oswal charges ₹400 per year as Demat Account Maintenance Charges (AMC).
Motilal Oswal is a full-service broker. It charges a percentage of trade value but provides research reports, dedicated relationship managers, and investment advisory.