Full-service brokerBest for Investors who act on published research

Motilal Oswal

0.50% delivery / 0.05% intraday

★ 3.8

Our rating

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Account opening

Free (₹0)

AMC

₹500/yr

Brokerage

0.50% delivery / 0.05% intraday

Delivery

0.50%

Intraday

0.05%

DP Charges

₹20 + GST

SEBI registered broker · Reg. no. INZ000158836 — verified from the NSE/BSE member list and SEBI records.

Why 3.8 out of 5

Our score = 40% cost + 20% charge transparency + 20% support & platform + 20% our own account-opening experience.

Cost (brokerage + hidden charges) (40%)3.6
Charge transparency (20%)3.8
Support & platform (20%)4.1
Our account-opening experience (20%)4.0

Our five-point check

Account opening chargesFree - VerifiedOnline or branch-assisted opening. Source: motilaloswal.com
AMC (annual maintenance)₹500/yr - VerifiedStandard full-service AMC. Verified from tariff.
Equity delivery0.50% - VerifiedPercentage brokerage on delivery.
Intraday & F&O0.05% - VerifiedIntraday priced as percentage of turnover.
Hidden chargesAdvisory packsResearch products bill separately per tariff.

How we reviewed: Charges verified from the broker's official website as on 20 Oct 2026. SEBI registration verified from NSE/SEBI records. We do not copy reviews from other portals.

Features

In-house research deskMO investors clubPortfolio advisory

Pros

+One of strongest independent research desks in India.

Cons

−Percentage brokerage 10x-plus discount broker on delivery.

Charge list

Equity delivery	0.50%
Equity intraday	0.05%
F&O	Per-contract slabs

Markets & segments

Equity · F&O · Currency · Commodity · Mutual funds

Full review

Motilal Oswal research is product; brokerage price of access. Charges from motilaloswal.com/charges. SEBI INZ000158836.

Verification & Data Sources:

Source: https://www.motilaloswal.com/charges

Last Verified: 20 Oct 2026 | Verified from motilaloswal.com/charges. SEBI Reg from NSE.