Brokerage Charges In Motilal Oswal
Are you wondering how to navigate the financial world with Motilal Oswal? One of the most critical variables investors look out for is brokerage charges. Just like uncovering hidden costs within your favorite savings app, knowing brokerage fees at Motilal Oswal can help you make enlightened investment decisions.
Every percentage point and per-lot charge from equity delivery to options trading may affect your financial plan. Therefore, let us see the numbers and how Motilal Oswal fairs in this industry regarding brokerage.
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About Motilal Oswal
Motilal Oswal Financial Services is one of the leading Indian financial services companies that are traded on the Bombay Stock Exchange (BSE) as well as National Stock Exchange of India (NSE).
The firm, famous for its award-winning research and advisory services also offers various investment opportunities, including but not limited to equity trading with free life time intraday trading, commodity trading and unlisted stock investment through PMS. With more than 80 thousand research papers, Motilal Oswal has been known for its extensive market insight and professional advice it gives.
Direct Charges
|
Transaction |
Fee |
|
Trading Account Opening Charges (One Time) |
Rs 0 (Free) |
|
Trading Annual Maintenance Charges AMC (Yearly Fee) |
Rs 0 |
|
Demat Account Opening Charges (One Time) |
Rs 0 |
|
Demat Account Annual Maintenance Charges AMC (Yearly Fee) |
Rs 199 (Free for 1st Year) |
Brokerage Charges
|
Segment |
Brokerage Charges |
|
Equity Delivery |
0.20% |
|
Equity Intraday |
0.02% |
|
Equity Futures |
0.02% |
|
Equity Options |
Rs 20 per lot |
|
Currency Options |
Rs 20 per lot |
|
Currency Futures |
Rs 20 per lot |
|
Currency Options |
Rs 20 per lot |
|
Commodity Futures |
0.02% |
|
Commodity Options |
Rs 200 Per Lot |
For example,
- When trading Equity Futures, such as Tata Motors contracts worth Rs 1,00,000 each, brokerage fees are 0.02% on both the buy and sell sides, totalling Rs 40.
- For equity options, such as trading 10 lots of Reliance Industries options at Rs 1,000 each, brokerage costs Rs 20 per lot for both purchasing and selling. Thus, trading 10 lot will be brokerage of 200 on buy side and 200 on sell side making 400 in total.
- Currency Futures transactions, such as 5 lots of INR futures at Rs 10,000 each, incurs a brokerage fee of Rs 20 per lot on both sides. With 5 lots traded, the total brokerage is Rs 100.
- Currency options trading, such as 5 lots of INR options at Rs 10,000 each, incurs a brokerage fee of Rs 20 per lot on both sides. With 5 lots traded, the total brokerage is Rs 100. Total brokerage is 100 on buy side and 100 on sell side making 200 total.
- Brokerage fees for commodity futures transactions, such as trading crude oil futures worth Rs 1,50,000, are computed at 0.02% of the transaction value on both the buy and sell sides. For a transaction of this magnitude, the total brokerage fee is Rs 60 (Rs 30 each for buying and selling).
- Trading commodity options, such as gold options, results in a brokerage fee dependent on the number of lots traded. For example, if trading one lot incurs a brokerage cost of Rs 200 on both the buy and sell sides, trading five lots results in a brokerage fee of Rs 1,000 on the buy and Rs 1,000 on the sell side. Therefore, the total brokerage charge for trading five lots would be Rs 2,000.
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Other charges
While dealing with Motilal Oswal you will have some expenses that are inevitable. The transaction costs vary depending on the exchange and trade segment, NSE charging 0.00335% for equity delivery and BSE charging 0.01% for equity intraday transactions.
And also, Indian government imposes Security Transaction Tax (STT) or Commodities Transaction Tax (CTT) ranging from 0.025% to 0.1% depending on the type of trade.
Additional charges may include maintenance fees, stamp duty (from 0.002% to 0.015%), taxes such as GST at brokerage rate (18%). Luckily, opening an account with Motilal Oswal is essentially free and the first year does not attract any annual maintenance charges.
Conclusion
Lastly, Motilal Oswal has one of the lowest brokerage rates in the financial sector and can serve different types of investors’ needs. Be they equities delivery or options trading, their price structure which is honest coupled with convenience of zero account openings appeals.
Motilal Oswal, a history of incisive research and innovative investment solutions remains a market leader in delivering powerful tools to investors along with expert guidance on how to use them effectively. For decades trusted knowledge combined with quality has made it possible for Motilal Oswal to help you navigate the markets confidently even today.
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