Motilal Oswal vs IDBI Direct Comparison: 2024
About Motilal Oswal
A Mumbai based entity, Motilal Oswal is one of the oldest brokerage firms providing various financial services. It has been operating for more than 30 years in this field, established in 1987. Motilal Oswal is a full service broker offering services ranging from trading to portfolio management. It has one of the largest client base in India, harbouring clients from all ends from retail investors to high-net-worth individuals, including but not limited to foreign institutional investors, mutual funds and financial institutions.
Motilal Oswal: Overview
A subsidiary of Motilal Oswal Financial Service Limited, Motilal Oswal Securities Limited is a brokerage firm provides a wide range of trading options, including trading in equity, debt, derivatives and currencies across various stock exchanges like BSE, NSE, NCDEX, MCX. The firm also provides research based reports, in fact it invests about 10% of its revenue in such research practices, and it has published more than 30000
About IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
Motilal Oswal vs IDBI Direct Account Opening Charges: 2024
| Charge | Motilal Oswal | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹1000 (One-time) | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹299 | ₹450 p.a. |
Motilal Oswal vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | Motilal Oswal | IDBI Direct |
|---|---|---|
| Plan Name | Default Plan | Standard Plan |
| Equity Delivery | 0.50% | 0.50% |
| Equity Intraday | 0.05% (both side) | 0.05% |
| Equity Futures | 0.05% (both side) | 0.05% |
| Equity Options | ₹100 per lot (both side) | ₹100 per lot |
| Currency Futures | ₹20 per lot (both side) | N/A |
| Currency Options | ₹20 per lot (both side) | N/A |
| Commodity Options | 0.05% (both side) | N/A |
| Mutual Fund | N/A | N/A |
Motilal Oswal vs IDBI Direct Margin / Exposure: 2024
| Segment | Motilal Oswal | IDBI Direct |
|---|---|---|
| Equity Delivery | 4x | Nil |
| Equity Intraday | 20x for Margin+ (Over 140 Stocks), Other stocks: 4x | Upto 4x |
| Equity Future | Upto 3x | Nil |
| Equity Options | Nil | Nil |
| Currency Future | N/A | N/A |
| Currency Options | Nil | N/A |
| Commodity Future | Upto 3x | N/A |
| Commodity Options | N/A | N/A |