Motilal Oswal Securities Ltd. is one of the largest stock broking companies in India. It is a subsidiary company of Motilal Oswal Financial Services and it is a Depository Participant of NSDL (National Securities Depository Participant) and CDSIL (Central depository Services Limited). It was founded as small sub-broking unit in the year 1987. But today, the company has come out to be a well-diversified financial services firm with wide variety of financial products and services falling in its gamut. MotilalOswal Securities offers products and services like wealth management, commodity broking, broking and distribution, portfolio management services private equity, investment banking services and principal strategies. BSE, NSE, MCX, MSEI and NCDEX are the four stock exchanges in which MotilalOswal trades in. MotilalOswal Securities is a full service broker. A customer registered with this company has an option to trade in equity, commodity, currency, initial public offer (IPO), mutual funds, debt and bond/ NCD.
Trading Platforms of MotilalOswal Securities
Orion Lite is the trading platform of MotilalOswal Securities
Trading through MotilalOswal is done through four platforms:
- Web Platform – Web platform is best suited for those investors who are the first time investors and want to have a clear and simple communication interface. If an investor has a PC, internet connection and has an account with MotilalOswal, then he can place his orders and can get quick and instant confirmations on the same.
- Desktop Platform –Desktop platform is best suited for those investors and traders who have an interest and a requirement of watching live market and need faster execution of orders.
- Mobile Platform – This platform is best suited for those who want to transact on the go. This platform works on most of the GPRS enabled mobile phones. Investors have the facility of transacting (buying/ selling) directly from the market watch. The mobile platform allows the investors/ traders to make modifications or cancellations of their pending orders.
- Call N Trade – Call N Trade is recommended for those investors who do not have online access on the site of trading. The service is available to the customers of this company at no additional cost.
Brokerage Charges and Plans of MotilalOswal Securities Ltd
MotilalOswal offers negotiated pricing and one can get better rates along with margin or turnover comittment. The standard pricing stands at 0.5% at most of its locations. The two different types of accounts to its customers:
Value Pac – This type of account offers significant discount schemes in brokerage charges for certain specified number of days to avail the benefits of the scheme. This is an upfront subscription scheme. The scheme offers the customers to enjoy the benefit of reduced charges which are based on the volume of trade and also on the validity period.
Margin Account – Those customers, who do not want to go with the upfront subscription, can opt for margin account. In this account, investors are required to pay defined upfront margin amount at the time when they are opening the account with MotilalOswal Securities Ltd.
The charges for opening trading account with this company is zero. However, the annual maintenance charges of demat account is Rs. 441. The chart displaying the brokerage charges and transaction charges of MotilalOswal are as follows:
|Brokerage Charges||Transaction Charges|
|Equity Delivery Charges||0.50%||For BSE: 0.01% and for NSE: 0.00335%|
|Equity Intraday Charges||0.05%||For BSE: 0.002% and for NSE: 0.00325%|
|Equity Future Charges||0.05%||0.02%|
|Equity Options Charges||Rs. 75 per lot||For BSE: 0.002% and for NSE: 0.0511% on Premium|
|Currency Future Charges||Rs. 20 per lot||0.00125%|
|Currency Option Charges||Rs. 20 per lot||0.042% on Premium|
|Commodity Charges||0.03%||For MCX: 0.0025%|
|Minimum Brokerage Charge||Rs. 30 for delivery and Rs. 15 for intraday|
Unique Selling Proposition of MotilalOswal Securities Ltd
MotilalOswal Securities Ltd offers a wide range of investment choices to its customers. The discounted brokerage schemes offered by the company is one of the major advantages for its customers offering a good value for their money. The customers of MotilalOswal enjoys complete ease of operation as there are more than 39 banks which are tied-up with the company for fund transfer. The company has PAN India coverage with more than 1900 branches in over 500 cities. Customers of MotilalOswal enjoy the beneficial feature of robust advices by the representatives of the company which is the result of their extensive research on the market and associated aspects. The operational efficiency of the company strengthens it further.
Motilal Oswal has its complete focus on the research and maintains its reputation with “Solid Research”. They offers research reports on daily, weekly and Monthly basis along with intraday calls.