Motilal Oswal vs ShareKhan – Point by Point Comparison

Motilal Oswal and ShareKhan both are full service brokers when compared for online share trading. The fees for opening the trading account with ShareKhan are Rs.750 whereas Motilal Oswal doesn’t charge it. The maintenance charge for the same is Rs.450 for ShareKhan and none for Motilal Oswal.  The maintenance of Demat account is charged at Rs.441 and Rs.400 for Motilal Oswal and ShareKhan respectively. The equity intraday and future charges for Motilal Oswal are at 0.05% against 0.10% of ShareKhan. The minimum brokerage charge for delivery and intraday is Rs.30 and Rs.15 respectively for Motilal Oswal and that for ShareKhan is Rs.0.10 per share. The commodity charge at Motilal Oswal is 0.03% whereas it is 0.10% at ShareKhan. When we compare the trading platform it is seen that the same for Motilal Oswal is Orion Lite and that of ShareKhan is Trade Tiger. The most important part of comparison is the customer support services of the online share trading scheme. ShareKhan doesn’t have the facility of 24/7 Customer support like Motilal Oswal does. But on the other hand it does have the online live chat facility which is not available in Motilal Oswal.

    Motilal Oswal ShareKhan
Basic Information Type of Broker Full Service Broker Full Service Broker
Exchanges BSE, NSE, MCX, MSEI & NCDEX BSE, NSE, MCX, NSEL & NCDEX
Fees for Opening Trading Account Rs. 0 Rs. 750
Annual Maintenance Charges of Trading Account Rs. 0 Rs. 450
Fees for Opening Demat Account Rs. 0 Nil
Annual Maintenance Charges of Demat Account Rs. 441 Rs. 400
Brokerage Charges Equity Delivery Charges 0.50% 0.50%
Equity Intraday Charges 0.05% 0.10%
Equity Future Charges 0.05% 0.10%
Equity Options Charges Rs. 75 per lot Rs. 100 per lot or 2.5% on premium, whichever is higher
Currency Futures Charges Rs. 20 per lot 0.10%
Currency Options Charges Rs. 20 per lot Rs. 100 per lot or 2.5% on premium, whichever is higher
Commodity Charges 0.03% 0.10%
Minimum Brokerage Charges For Delivery: Rs. 30 & For Intraday: Rs. 15 Rs. 0.10 per share
Transaction Charges Equity Delivery For BSE: 0.01% and for NSE: 0.00335% 0.1% from both sides
Equity Intraday For BSE: 0.002% and for NSE: 0.00325% 0.03%
Equity Futures 0.00% 0.17% from selling side
Equity Options For BSE: 0.002% and for NSE: 0.0511% on Premium 0.017% on premium from selling side
Currency Futures 0.00% 0.17% from selling side
Currency Options 0.042% on Premium 0.017% on premium from selling side
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 Y
Trading Platform Orion Lite Trade Tiger
Investment Services Stock/ Equity Y Y
Commodity Y Y
Currency Y Y
IPO (Initial Public Offers) Y Y
Mutual Funds Y Y
Debt Y Y
Bond/ NCD Y Y
Customer Support 24/7 Customer Support Y N
Email Y Y
Phone Y Y
Online Live Chat N Y
Branch Support Y Y
Reports Daily  Market Report Y Y
Quarterly Analysis of Results Y Y

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