Motilal Oswal Brokerage 2026: Charges, Fees & Trading Costs
Full-service stock broker offering research-backed investing, wealth management, and advanced trading platforms.
Motilal Oswal Brokerage is an important consideration for investors and traders when comparing the overall cost of using a trading account. Brokerage can vary depending on the trading segment, transaction type, account plan, and applicable pricing structure. Customers should check the latest Motilal Oswal brokerage schedule before placing trades because charges and plans may change.
For equity transactions, the applicable brokerage can depend on whether the trade is classified as delivery or intraday. Investors should review the current brokerage applicable to their account and transaction type before placing an order. Brokerage is only one part of the total trading cost, as statutory taxes and other charges can also apply.
Motilal Oswal F&O brokerage can differ from equity brokerage because futures and options have separate pricing structures. Traders should check the applicable charges for futures and options and consider the complete cost of each transaction. Options trading may also involve additional statutory and exchange-related charges.
The overall Motilal Oswal trading cost depends on factors such as transaction value, trading frequency, market segment, and applicable charges. Investors who trade frequently should consider how brokerage and other transaction expenses accumulate over time, while long-term investors may focus more on delivery-related and account costs.
Demat charges are separate from brokerage. Customers may incur account maintenance charges, depository participant charges, and transaction-related fees depending on the services used and the applicable pricing structure. Investors should consider these charges when calculating their total cost of maintaining and using a Trading and Demat Account.
Taxes and regulatory charges can increase the final transaction cost. Depending on the transaction, applicable costs may include Securities Transaction Tax, Goods and Services Tax, stamp duty, exchange transaction charges, and other statutory levies. The actual amount depends on the transaction type and prevailing regulations.
Motilal Oswal provides access to different investment products and services, which can have separate charges and conditions. IPOs, mutual funds, ETFs, MTF, and other products may involve different costs. Investors should review the pricing applicable to the specific service rather than assuming the same brokerage applies across all products.
When comparing Motilal Oswal with other brokers, investors should consider the complete pricing structure instead of looking only at the advertised brokerage rate. Account maintenance, Demat charges, transaction fees, taxes, and other costs can affect the total amount paid over time.
Overall, Motilal Oswal Brokerage is one component of the total cost of trading and investing. Investors should consider brokerage together with taxes, exchange charges, Demat fees, and other applicable costs. The latest official pricing information should be checked before opening an account or placing a transaction.
Motilal Oswal account opening & AMC charges
| Transaction | Fee |
|---|---|
| Trading account opening | ₹0 (Online) |
| Trading account AMC | ₹0 |
| Demat account opening | ₹0 |
| Demat account AMC | ₹0 (1st Year), then as per applicable plan |
Motilal Oswal brokerage by segment
| Segment | Charge |
|---|---|
| Equity Delivery | 0.20% |
| Equity Intraday | 0.02% |
| Equity Futures | 0.02% |
| Equity Options | ₹20 per lot |
| Currency F&O | ₹20 per lot |
| Commodity F&O | ₹20 per lot |
| Call & Trade | ₹20 per executed order |
| DP charges (per ISIN, sell) | ₹15.34 + GST per debit transaction (per ISIN per day) |
Motilal Oswal demat account charges
The demat account transactions are charged separately from the trading commission.
| # | Transaction | Charges |
|---|---|---|
| 1 | Demat Account Opening | ₹0 |
| 2 | Annual Maintenance Charges (AMC) | ₹0 for the 1st year (selected plans), thereafter as per applicable tariff |
| 3 | Debit Transaction Charges | ₹15.93 per ISIN per day (including GST) |
| 4 | Pledge / Unpledge Charges | ₹20 + GST per request |
| 5 | Dematerialisation (Demat) | ₹150 per certificate + GST |
| 6 | Rematerialisation (Remat) | ₹150 per certificate + GST |
| 7 | Failed Transactions | Nil |
Motilal Oswal transaction charges (exchange turnover charge)
A combination of exchange turnover charge and trade clearing charge, levied by the exchange and passed through.
| Segment | Transaction Fee |
|---|---|
| Equity Delivery | NSE: ₹2.97 per lakh (0.00297%) • BSE: As per exchange |
| Equity Intraday | NSE: ₹2.97 per lakh (0.00297%) • BSE: As per exchange |
| Equity Futures | NSE: ₹1.73 per lakh (0.00173%) |
| Equity Options | NSE: ₹35.03 per lakh of premium (0.03503%) |
| Currency Futures | NSE: ₹0.35 per lakh (0.00035%) |
| Currency Options | NSE: ₹3.15 per lakh of premium (0.00315%) |
| Commodity Futures | MCX: As per exchange |
| Commodity Options | MCX: As per exchange |
Motilal Oswal trading taxes & regulatory charges
Government taxes and fees in addition to the brokerage — shown in the contract note. Set by the government / regulator and identical across every Indian broker.
| Charge | Rate |
|---|---|
| Securities Transaction Tax (STT) | Equity Delivery: 0.1% (Buy & Sell) • Equity Intraday: 0.025% (Sell) • Equity Futures: 0.02% (Sell) • Equity Options: 0.1% on intrinsic value (Exercise) |
| Exchange Transaction Charges | Refer to the transaction charges table above |
| GST | 18% on (Brokerage + Exchange Transaction Charges + SEBI Charges) |
| SEBI Charges | ₹10 per crore (0.0001%) |
| Stamp Duty (Buy Side Only) | Delivery: 0.015% • Intraday: 0.003% • Equity Futures: 0.002% • Equity Options: 0.003% • Currency Futures: 0.0001% • Commodity Futures: 0.002% • Commodity Options: 0.003% |