Motilal Oswal Securities Ltd. (MOSL) is a complete-service broker. It provides customers with entire hand-holdings related to trading tips, financial planning, research, and regular trend analysis according to the requirements and portfolios of customers. Incorporated in 1987, it is a Mumbai, India-based diverse financial service provider with a team of expert researchers.
Motilal Oswal Demat account is one of the best options that you must consider while going for a Demat/ Trading Account and its services. Below, you will find all the details related to the Motilal Demat account, their opening charges, and required documents.
There are three different types of accounts which can be opened with MOSL. Here is a description of their functionalities:
The regular trading and Demat account provide various investment alternatives that can be tailored to your time horizon and risk tolerance. This account allows you to trade in stocks, derivatives, commodities, currencies, Mutual Funds, IPOs, PMS, insurance, and fixed Income products. Casual traders and long-term stock Market participants can use the Default account type. This is a fundamental strategy. The bulk of services are present, including access to research and consulting services and free online trading software. This plan has the highest brokerage fees, as follows:
|Delivery of Equity||0.50%|
|Future or Intraday Cash - Equity and Commodity||0.05% (both side)|
|Equity Options||Rs. 100 per lot (both side)|
|Currency F&O||Rs. 20 per lot (both side)|
The Value Pack Account is an upfront membership plan that offers significant brokerage rate cuts. Customers can choose from various value packs and take advantage of the benefits of placing trades at a lower cost. Value packs are best for regular traders dealing on a daily Basis. This Value pack is a brokerage plan which is prepaid and allows you to save money on brokerage by paying a one-time cost. There are seven options, ranging in price from Rs 2500 to Rs 1 lakh in the value pack. Here are the brokerage fees for it:
|Delivery of Equity||0.10% to 0.40%|
|Future or Intraday Cash - Equity and Commodity||0.01% to 0.04% (both side)|
|Equity Options||Rs. 20 to Rs. 50 per lot (both side)|
|Currency F&O||Rs. 10 to Rs. 22 per lot (both side)|
Talk to our investment specialist
The Margin Pack Account is a committed Margin Account that offers large brokerage reductions upfront. Customers can choose from a variety of margin packs and reap the benefits of trading at a lower cost. The Margin Scheme is designed for regular traders who deal on a daily basis. When you commit more margin money to your trading account, the brokerage rates in this plan decrease. Here are its brokerage fees:
|Delivery of Equity||0.15% to 0.50%|
|Future or Intraday Cash - Equity and Commodity||0.015% to 0.05% (both side)|
|Equity Options||Rs. 25 to Rs. 100 per lot (both side)|
|Currency F&O||Rs. 20 per lot (both side)|
As every coin has both positive and negative aspects, so does the motilal oswal demat account. Here are some of the pros:
Here are some of the disadvantages associated with MOSL:
Here is a table showing the Motilal Oswal Demat charges that you would have to pay for availing the services:
|Opening Trading Account||Rs. 1000 (One Time)|
|Maintenance of Trading Annual (AMC)||Rs. 0|
|Opening Demat Account||Rs. 0|
|Motilal Oswal Annual Maintenance Charges of Demat Account (AMC)||Rs. 299|
Motilal Oswal has a variety of online trading software available. It offers the following popular ones:
To complete the application form for a Motilal Oswal account, provide the following papers to ensure a smooth process. Here is a list of all the essential documents that you need to provide:
It's simple to open a Motilal Oswal Demat account. The whole procedure is painless and stress-free. To open this account, follow these steps:
All of this can be done from the comfort of your own home. However, if you wish to start an account in the physical form, you must sign the physical copy and mail it to the registered office closest to your location. After the procedure is completed, you can immediately begin trading.
Let's have a look at how a Motilal Oswal Demat account works:
To close the account, you must follow the given steps:
When you return the completed form to the nearest branch, the person in charge will take the necessary steps to cancel your account. The account will be closed in 7-10 business days. There will be no fees associated with cancelling your account.
Here are some key points that you must remember while closing MOSL the Demat account:
As Motilal Oswal offers customer-oriented services, you have various options to reach out to their customer support executives. Here are a few ways to connect with customer assistance:
91 22 399825151/ 67490600
MOSL is one of the best complete broking services providers. It is highly reliable and is a trusted advisory service, and none, other ones in the entire industry, manage to beat it in those aspects. They also offer the best trading platforms, making them a great investment opportunity. It is highly recommended to avail of the broker services from MOSL for an amazing trading experience.
A. If you are a resident of India, you are allowed to open a bank account. A Demat account or trading account with Motilal Oswal can also be opened by an NRI, a partnership firm, or a corporate.
A. Your account will be promptly activated after the in-person verification process is completed, and then you can begin trading.
A. Yes, it is available. So, if you have a Demat account, you can freeze it for a particular amount of time if necessary.
A. In the following situations, you can transfer shares from one Demat account to another:
A. If you are not yet a registered user, go to the account section and sign up for a free trading account, which you can use to start trading and investing online right away. You have to enter your login credentials and answer a few security questions to log in to the Motilal Oswal trading/ Demat account.
A. Yes, investing in this account is entirely safe. You will rapidly get over the difficult times with the assistance of the top financial advisor's team. Additionally, you will be highly satisfied, thanks to various attractive schemes that they offer.
A. A co-applicant function is currently unavailable.
A. Without a doubt! You can include information about the nominee in the Demat account. Take a printout of the nominee page, select a photograph, and upload it in the place where you were asked, and the candidate will be added.