Motilal Oswal vs Nirmal Bang 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 Nirmal Bang
Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
Nirmal Bang: Overview
Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.
Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in
Motilal Oswal vs Nirmal Bang Account Opening Charges: 2024
| Charge | Motilal Oswal | Nirmal Bang |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹1000 (One-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹299 | ₹200 per year |
Motilal Oswal vs Nirmal Bang Brokerage Charges and Plans : 2024
| Charge | Motilal Oswal | Nirmal Bang |
|---|---|---|
| Plan Name | Default Plan | N/A |
| Equity Delivery | 0.50% | 0.2% |
| Equity Intraday | 0.05% (both side) | 0.02% |
| Equity Futures | 0.05% (both side) | 0.02% |
| Equity Options | ₹100 per lot (both side) | ₹35 |
| Currency Futures | ₹20 per lot (both side) | 0.02% |
| Currency Options | ₹20 per lot (both side) | ₹20 |
| Commodity Options | 0.05% (both side) | 0.01% |
| Mutual Fund | N/A | N/A |
Motilal Oswal vs Nirmal Bang Margin / Exposure: 2024
| Segment | Motilal Oswal | Nirmal Bang |
|---|---|---|
| Equity Delivery | 4x | Upto 10x |
| Equity Intraday | 20x for Margin+ (Over 140 Stocks), Other stocks: 4x | Upto 4x |
| Equity Future | Upto 3x | Upto 4x |
| Equity Options | Nil | Upto 2x for shorting |
| Currency Future | N/A | Upto 2x for shorting |
| Currency Options | Nil | Upto 3x |
| Commodity Future | Upto 3x | Upto 3x |
| Commodity Options | N/A | N/A |