Motilal Oswal is one of the oldest stockbrokers that provides a wide range of financial services and investment products to its clients at competitive brokerage rates but is Motilal Oswal a discount broker?

For this let’s look at the kind of products and services that the broker provides:

Motilal Oswal Product and Services

To know the category of the broker it is important to find answers to a few questions:

Getting answers to these questions gives an idea of the nature and category of the broker.

Motilal Oswal currently offers the following services to its clients:

  • Financial services
  • Equity and derivatives trading
  • Commodities trading
  • Currency trading
  • Mutual funds
  • Research and Advisory
  • Wealth management
  • Investment banking
  • Offline support

Now let’s look at the brokerage too which helps in determining whether Motilal Oswal is a discount or full-service broker. 

Brokerage Charges in Motilal Oswal

Looking at the brokerage, the broker charges minimal brokerage across segments, and Motilal Oswal intraday charges is zero.

Here is the complete detail of the fees charged by the broker.

Since the broker charges the commission on the basis of turnover value, it clearly depicts that it is a full-service broker.


Motilal Oswal’s emphasis on research, advisory services, and a broader range of investment options sets it apart from discount brokers. They cater to investors who may require assistance in making informed investment decisions, portfolio management, and financial planning.

The definition of a discount broker can vary, and some may consider Motilal Oswal a relatively low-cost option compared to traditional full-service brokers.

However, in the context of the Indian brokerage industry, Motilal Oswal is generally classified as a full-service brokerage firm rather than a discount broker.

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