Mirae Asset Sharekhan Limited vs Motilal Oswal Financial Services Limited (MOFSL)
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Mirae Asset Sharekhan Limited
VS
Motilal Oswal Financial Services Limited (MOFSL)
Mirae Asset Sharekhan Limited vs Motilal Oswal Financial Services Limited (MOFSL) — quick verdict
Choose Mirae Asset Sharekhan Limited if
You want research and offline support
Get the power of experience on your side.
Choose Motilal Oswal Financial Services Limited (MOFSL) if
You want research and offline support
Full-service stock broker offering research-backed investing, wealth management, and advanced trading platforms.
Company overview
Mirae Asset Sharekhan Limited is a full-service broker incorporated in 2000; Motilal Oswal Financial Services Limited (MOFSL) is a full-service broker incorporated in 1987.
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Type of broker | Full-Service Broker | Full-Service Broker |
| Exchange membership | NSE · BSE · MCX · NCDEX | NSE · BSE · MCX |
| Year of incorporation | 2000 | 1987 older |
| Number of branches | 900+ | 2,500+ wider |
| Active clients | 32 Lakh+ larger | 11,00,000+ |
Charges & AMC
Account-opening and maintenance charges for Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL) compared side by side.
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Trading a/c opening | ₹0 (Online) | ₹0 (Online) |
| Trading a/c AMC | ₹0 | ₹0 |
| Demat a/c opening | ₹0 | ₹0 |
| Demat a/c AMC | ₹0 (1st Year), then ₹400 + GST per year | ₹0 (1st Year), then as per applicable plan lower |
| DP charges (per ISIN, sell) | ₹25 per debit transaction + GST | ₹15.34 + GST per debit transaction (per ISIN per day) lower |
Brokerage charges
How Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL) price each trading segment, per executed order.
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Equity Delivery | 0.30% | 0.20% |
| Equity Intraday | 0.02% | 0.02% |
| Equity Futures | 0.02% | 0.02% |
| Equity Options | ₹20 per executed order | ₹20 per lot |
| Currency F&O | 0.02% | ₹20 per lot |
| Commodity F&O | 0.02% | ₹20 per lot |
| Call & Trade | ₹0 | ₹20 per executed order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL), per segment.
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Equity Delivery | NSE: 0.00297% • BSE: 0.00375% | NSE: ₹2.97 per lakh (0.00297%) • BSE: As per exchange |
| Equity Intraday | NSE: 0.00297% • BSE: 0.00375% | NSE: ₹2.97 per lakh (0.00297%) • BSE: As per exchange |
| Equity Futures | NSE: 0.00173% | NSE: ₹1.73 per lakh (0.00173%) |
| Equity Options | NSE: 0.03503% (on premium) | NSE: ₹35.03 per lakh of premium (0.03503%) |
| Currency Futures | NSE: 0.00035% | NSE: ₹0.35 per lakh (0.00035%) |
| Currency Options | NSE: 0.03110% (on premium) | NSE: ₹3.15 per lakh of premium (0.00315%) |
| Commodity Futures | MCX: 0.00210% | MCX: As per exchange |
| Commodity Options | MCX: 0.04180% (on premium) | MCX: As per exchange |
Demat & DP charges
Depository (demat) charges for Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL) — AMC, debit transactions, pledging and remat.
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹0 (1st Year), then ₹400 + GST per year | ₹0 for the 1st year (selected plans), thereafter as per applicable tariff |
| Debit Transaction Charges | ₹25 per debit transaction + GST | ₹15.93 per ISIN per day (including GST) |
| Pledge / Unpledge Charges | ₹30 + GST per request | ₹20 + GST per request |
| Dematerialisation (Demat) | ₹50 per certificate + GST | ₹150 per certificate + GST |
| Rematerialisation (Remat) | ₹50 per certificate + GST | ₹150 per certificate + GST |
| Failed Transactions | Nil | Nil |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL).
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Equity Delivery | Up to 100% of trade value (1x) | 100% of trade value (1x) |
| Equity Intraday | As per SEBI peak margin rules (Up to 5x (eligible stocks)) | Up to 20% of trade value* (Up to 5x*) |
| Equity Futures | SPAN + Exposure Margin (1x) | SPAN + Exposure Margin (1x) |
| Equity Options | Premium + SPAN (for option writing) (As per exchange norms) | — |
| Currency Derivatives | SPAN + Exposure Margin (As per exchange norms) | — |
| Commodity Derivatives | SPAN + Exposure Margin (As per exchange norms) | — |
Features & account
Account type and feature availability across Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL).
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| 3-in-1 account | ✕ No | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes | ✓ Yes |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger | MO Investor, MO Trader, Desktop EXE |
| Intraday square-off | 3:15 PM | 3:15 PM |
| Other | Advanced research reports, Margin Trading Facility (MTF), Portfolio Health Check, Investment Ideas, IPO investment, Mutual Funds, Algo/API Trading, Smart Investor tools, Relationship Manager support, Educational webinars, TradeTiger desktop terminal, Comprehensive wealth management solutions. | Option Strategy Builder, TradeGuide Signal, Smart Stock Baskets, Research360, Price Alerts, Stock SIP, MTF (Pay Later), Advanced Charting |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL).
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Trading platforms offered | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger | MO Investor, MO Trader, MO Genie |
| Number of platforms | 3 | 3 |
| Platforms (summary) | Sharekhan App, Sharekhan Web Trading Platform, TradeTiger | MO Investor, MO Trader, Desktop EXE |
| Mobile / desktop apps | Mobile, Web, Desktop | Web + Mobile, Desktop + Web |
User ratings
User ratings for Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL) across the key parameters.
| Rated on | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Fees | 4.2 | 4.2 |
| Brokerage | 4.1 | 4.1 |
| Trading platform | 4.7 | 4.8 better |
| Customer service | 4.5 | 4.5 |
| Research | 4.9 | 4.9 |
| Overall | 4.5 | 4.6 better |
Investment options
Which investment products Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL) let you access.
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✓ Yes | ✓ Yes |
| IPO | ✓ Yes | ✓ Yes |
| Mutual Funds | ✓ Yes | ✓ Yes |
| Bonds / NCD | ✓ Yes | ✓ Yes |
Order types offered
Advanced order types supported by Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL).
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Bracket Order | ✕ No | ✕ No |
| Cover Order | ✕ No | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✓ Yes | ✓ Yes |
Safety & credibility
SEBI registration, financial strength and complaint record for Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL).
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| SEBI registration | INZ000174330 | INZ000158836 |
| NSE member code | 10313 | 10225 |
| Year of incorporation | 2000 | 1987 longer track record |
| Net worth | ₹8,615+ Cr* stronger | ₹8,000+ Crore* |
| Exchange memberships | NSE · BSE · MCX · NCDEX | NSE · BSE · MCX |
| Latest complaint ratio | 0.033% | 0.0001% fewer complaints |
Complaints record
Exchange complaint data for Mirae Asset Sharekhan Limited and Motilal Oswal Financial Services Limited (MOFSL) — the ratio matters more than the raw count.
| Parameter | Mirae Asset Sharekhan Limited | Motilal Oswal Financial Services Limited (MOFSL) |
|---|---|---|
| Latest financial year | 2025–26 | 2025–26 |
| Exchange | NSE | NSE |
| Active clients | 31,20,000+ larger base | 8,98,736 |
| Complaints filed | 1,020 | 1 |
| Complaint ratio | 0.033% | 0.0001% fewer complaints |
Pros & cons
The main advantages and drawbacks of each broker.
Mirae Asset Sharekhan Limited
▲ Pros
- ✓ Backed by the globally recognized Mirae Asset Financial Group.
- ✓ Comprehensive research reports and investment recommendations.
- ✓ Supports investment in stocks, derivatives, commodities, currencies, mutual funds, IPOs, bonds, and ETFs.
- ✓ Advanced trading platforms for web, desktop, and mobile users.
- ✓ Large nationwide network of branches and relationship managers.
- ✓ Margin Trading Facility (MTF) available for eligible stocks.
- ✓ Strong educational resources, webinars, and investor learning programs.
- ✓ Reliable customer support through branches, phone, email, and chat.
- ✓ Suitable for both beginners and long-term investors.
- ✓ Offers integrated wealth management and portfolio advisory services.
▼ Cons
- ✕ Brokerage charges are higher than most discount brokers.
- ✕ Annual Maintenance Charges (AMC) apply for Demat accounts.
- ✕ Account opening process may take longer than fully digital discount brokers.
- ✕ Premium research and advisory services may involve additional charges.
- ✕ Advanced trading tools are more beneficial for experienced traders than casual investors.
- ✕ Intraday brokerage can be comparatively expensive for high-frequency traders.
- ✕ Fewer free investment tools compared to some newer fintech brokers.
- ✕ Some premium features are available only under higher-value plans or subscriptions.
Motilal Oswal Financial Services Limited (MOFSL)
▲ Pros
- ✓ Strong in-house equity research and investment advisory.
- ✓ Wide range of investment products under one platform.
- ✓ Advanced trading platforms including MO Investor App and MO Trader.
- ✓ Margin Trading Facility (MTF) and Portfolio Management Services (PMS) available.
- ✓ Large branch and relationship manager network across India.
- ✓ Established financial services brand with decades of market experience.
▼ Cons
- ✕ Brokerage charges are generally higher than discount brokers.
- ✕ Different brokerage plans may be confusing for new investors.
- ✕ Some advanced research and premium services are available under selected plans.
- ✕ Call & Trade charges are applicable.
- ✕ Account maintenance and service charges may vary based on the selected plan.
- ✕ Budget-conscious traders may find discount brokers more economical.
Open Mirae Asset Sharekhan Limited Account
Open Motilal Oswal Financial Services Limited (MOFSL) Account
Explore more comparisons
Compare Mirae Asset Sharekhan Limited with
Mirae Asset Sharekhan Limited vs Zerodha Mirae Asset Sharekhan Limited vs Angel One Mirae Asset Sharekhan Limited vs Upstox Mirae Asset Sharekhan Limited vs Groww Mirae Asset Sharekhan Limited vs ICICIdirect Mirae Asset Sharekhan Limited vs Kotak Neo Mirae Asset Sharekhan Limited vs HDFC Securities Mirae Asset Sharekhan Limited vs SBI Securities Mirae Asset Sharekhan Limited vs Paytm Money LimitedCompare Motilal Oswal Financial Services Limited (MOFSL) with
Motilal Oswal Financial Services Limited (MOFSL) vs Zerodha Motilal Oswal Financial Services Limited (MOFSL) vs Angel One Motilal Oswal Financial Services Limited (MOFSL) vs Upstox Motilal Oswal Financial Services Limited (MOFSL) vs Groww Motilal Oswal Financial Services Limited (MOFSL) vs ICICIdirect Motilal Oswal Financial Services Limited (MOFSL) vs Kotak Neo Motilal Oswal Financial Services Limited (MOFSL) vs HDFC Securities Motilal Oswal Financial Services Limited (MOFSL) vs SBI Securities Motilal Oswal Financial Services Limited (MOFSL) vs Paytm Money LimitedDisclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.