Motilal Oswal is a renowned stock broker but provides broking services at the minimum brokerage. So, is Motilal Oswal a discount broker? Well, let’s get into the detail to check Motilal Oswal delivery charges?
Motilal Oswal Delivery Brokerage Charges
For delivery trading, the brokerage charges of Motilal Oswal is calculated on the basis of the turnover value.
This means it is a full-service broker.
Currently, the broker is charging 0.20% for equity delivery trading.
To understand these charges, let’s take an example.
Suppose Mr. A bought 100 shares of Infosys at ₹1500 each. Here the turnover value of the trade would be:
= 1500 * 100
=₹1,50,000
Now calculate the brokerage, which is 0.20% of the turnover value:
=0.20% *1,50,000
=₹300
Along with this brokerage, the trader needs to pay other taxes like STT, GST, and transaction fees as well, the detail of which is given in the table below:
| Motilal Oswal Delivery Brokerage Charges | |
| Equity Delivery | 0.20% |
| STT | 0.1% (on buy and sell turnover value) |
| Transaction Charges | NSE: 0.00325% |
| BSE: 0.00375% | |
| SEBI Charges | ₹10 / crore |
| Stamp Duty | 0.015% (on sell side) |
| GST | 18% on (brokerage + transaction charges) |
DP Charges in Motilal Oswal
Other than the brokerage fees, the broker charges a DP charges on selling shares.
The detail of DP charges is given in the table below:
| Motilal Oswal DP Charges | |
| DP Charges | 0.04% of the transaction value or ₹41 (whichever is lower) |
Conclusion
Motilal Oswal charges are high in comparison to discount brokers in the industry but the kind of products and services and moreover its reliability make trading worthy with the broker.
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