Motilal Oswal vs RKSV – Point by Point Comparison

Motilal Oswal and RKSV are good competent in case of online share trading where the former is a full service broker and the latter is a discount broker. Motilal Oswal does not charge any fee for opening a new trading or demat account whereas RKSV charges Rs.250 and Rs.300 for them respectively.  The maintenance fee of demat account at RKSV is relatively lower at Rs.400 compared to Rs.441 at Motilal Oswal. The equity charges are also low in RKSV compared to Motilal Oswal. The former charges 0.01% or Rs.20 per executed order, whichever is lower for both equity delivery and intraday charges against 0.50% and 0.05% respectively at Motilal Oswal. The equity future charge for the former is 0.01% or Rs. 20 per executed order whichever is lower and that for the latter is Rs.75 per lot. RKSV does not charge any amount for transaction but Motilal Oswal charges 0.01% for BSE and 0.00335% for NSE. There is no minimum brokerage charge at RKSV whereas Motilal Oswal Charges Rs. 30 for delivery and Rs.15 for intraday for the same. The trading platform of Motilal Oswal is Orion Lite that is comparable to NEST of RKSV.

    Motilal Oswal RKSV 
Basic Information Type of Broker Full Service Broker Discount Broker
Fees for Opening Trading Account Rs. 0 Rs. 250
Annual Maintenance Charges of Trading Account Rs. 0 Nil
Fees for Opening Demat Account Rs. 0 Rs. 300
Annual Maintenance Charges of Demat Account Rs. 441 Rs. 400
Brokerage Charges Equity Delivery Charges 0.50% Nil
Equity Intraday Charges 0.05% Rs. 20 per executed order
Equity Future Charges 0.05% Rs. 20 per executed order
Equity Options Charges Rs. 75 per lot Rs. 20 per executed order
Currency Futures Charges Rs. 20 per lot Rs. 20 per executed order
Currency Options Charges Rs. 20 per lot Rs. 20 per executed order
Commodity Charges 0.03% Rs. 20 per executed order
Minimum Brokerage Charges For Delivery: Rs. 30 & For Intraday: Rs. 15 Nil
Transaction Charges Equity Delivery For BSE: 0.01% and for NSE: 0.00335% 0.00%
Equity Intraday For BSE: 0.002% and for NSE: 0.00325% 0.00%
Equity Futures 0.00% 0.00%
Equity Options For BSE: 0.002% and for NSE: 0.0511% on Premium 0.055% on Premium
Currency Futures 0.00% 0.00%
Currency Options 0.042% on Premium 0.06% on Premium
Commodity For MCX: 0.0025% 0.00%
Features 3-in-1 Account N N
Mobile Trading Y Y
Acceptance of Orders After Trading Hours Y Y
SMS Alerts Y Y
Online Demo Y Y
Online Portfolio Y N
Trading Platform Orion Lite NEST
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y N
Mutual Funds Y N
Debt Y N
Bond/ NCD Y N
Customer Support 24/7 Customer Support Y N
Email Y Y
Phone Y Y
Online Live Chat N N
Branch Support Y N
Reports Daily  Market Report Y N
Quarterly Analysis of Results Y N

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