Wisdom Capital vs Motilal Oswal Comparison: 2024
About Wisdom Capital
Start talking of the list of discount brokerages in India, it gets longer every day. And, this list sounds incomplete without adding Wisdom Capital brokerage firm. Since its inception in 2013, Wisdom Capital, an online brand of Ashlar Group of Companies is one of the fast evolving stock brokers in India. Being a discount broker, it offers a low-brokerage model coupled with advanced online trading facilities.
Wisdom Capital: An Overview
A popular online discount broker having an offline presence through 250+ franchises offering services in Equity, Futures & Options, commodities at BSE, NSE, MCX and NCDEX. You can trade in various market segments like NSE Cash, F&O, Commodity and Currency. But, you can't invest in IPO, FPO or Mutual funds through this platform.
Wisdom Capital provides 3 different brokerage plans:
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Freedom Plan
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Pro Plan
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Ultimate Plan (Designed specifically for HNI i.e.high-net worth individuals and offers high leverage)
However, the biggest attraction is its
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
Wisdom Capital vs Motilal Oswal Account Opening Charges: 2024
| Charge | Wisdom Capital | Motilal Oswal |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹0 | ₹1000 (One-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹999 (Lifetime Account) | ₹299 |
Wisdom Capital vs Motilal Oswal Brokerage Charges and Plans : 2024
| Charge | Wisdom Capital | Motilal Oswal |
|---|---|---|
| Plan Name | Ultimate Plan | Default Plan |
| Equity Delivery | 0.007% | 0.50% |
| Equity Intraday | 0.007% | 0.05% (both side) |
| Equity Futures | 0.005%\t | 0.05% (both side) |
| Equity Options | ₹ 15/Lot | ₹100 per lot (both side) |
| Currency Futures | ₹9 per executed order | ₹20 per lot (both side) |
| Currency Options | ₹9 per executed order | ₹20 per lot (both side) |
| Commodity Options | 0.005% | 0.05% (both side) |
| Mutual Fund | N/A | N/A |
Wisdom Capital vs Motilal Oswal Margin / Exposure: 2024
| Segment | Wisdom Capital | Motilal Oswal |
|---|---|---|
| Equity Delivery | 5x to 40x (as per brokerage plan) | 4x |
| Equity Intraday | 5x to 40x (as per brokerage plan) | 20x for Margin+ (Over 140 Stocks), Other stocks: 4x |
| Equity Future | 5x to 20x (as per brokerage plan) | Upto 3x |
| Equity Options | 5x to 40x (as per brokerage plan) | Nil |
| Currency Future | 4x to 15x (as per brokerage plan) | N/A |
| Currency Options | 4x to 15x (as per brokerage plan) | Nil |
| Commodity Future | 5x to 20x (as per brokerage plan) | Upto 3x |
| Commodity Options | N/A | N/A |