FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Motilal Oswal Vs Groww: Which one is better?

Both the brokers are registered with SEBI. Motilal Oswal offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Motilal Oswal Max 0.02 to 0.20% per trade while the brokerage of Groww ranges between Rs 20. Motilal Oswal is a Full Service Broker where Groww is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Groww is 99,31,232 where number of active customer for Motilal Oswal is 8,93,218. Groww is serving more customer compare to Motilal Oswal.

Here we present side-by-side comparison of Motilal Oswal vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Motilal Oswal vs Groww's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Motilal Oswal vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Motilal Oswal vs Groww's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Motilal Oswal vs Groww on Service

  Motilal Oswal Compare
Motilal Oswal
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 8,93,218 99,31,232
Broker Overview Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare Motilal Oswal vs Groww on Trading & Demat Account Opening Charges

Comparison of Motilal Oswal with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with Groww
Charges Motilal Oswal Groww
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 per annum [Free for 1st year] Free
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare Motilal Oswal vs Groww on Plan Options

Plans are the most important feature you look when compare Motilal Oswal with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Motilal Oswal with Groww on Plan Options
Plan Types Motilal Oswal Groww
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare Motilal Oswal vs Groww on Brokerage Charges

Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare Motilal Oswal with Groww
Brokerage Charges Compare Motilal Oswal Groww
Plan Name Default Brokerage Plan Flat Brokerage Plan
Equity Delivery 0.20% 0.05% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.05% or Rs 20 whichever is lower
Equity Futures 0.02% Flat Fee Rs 20
Equity Options Rs 20 per lot Flat Fee Rs 20
Currency Futures Rs 20 per lot Not Available
Currency Options Rs 20 per lot Not Available
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Not Available
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges NA Rs 50 Per Executable Order
Auto Square off Charges NA Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for Groww
Expand

Share Broker's Transaction Charges

Compare Motilal Oswal vs Groww on Transaction Charges

Compare Motilal Oswal with Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare Motilal Oswal with Groww
Transaction Charges Compare Motilal Oswal Groww
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for motilal-oswal Complete Brokerage Plans for groww
Expand

Account Features

Compare Motilal Oswal vs Groww on Account Features

Compare Motilal Oswal with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Motilal Oswal offers NRI where Groww doesn't offers NRI Trading.

Account Features - Motilal Oswal with Groww
Account Features Compare Motilal Oswal Groww
3 in 1 Account No Motilal Oswal have 2-in-1 account. Only Demate and Trading account. No Motilal Oswal have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
Expand

Trading Platform

Compare Motilal Oswal vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Motilal Oswal with Groww
Trading Platform Compare Motilal Oswal Groww
Desktop Trading Platform Orion Lite Groww App
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://power.motilaloswal.com/MOSL/userMaster/login Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MO Trader Groww App
Mobile Trading App Demo MO Trader Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod Groww App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MO Trader Download iOS Groww App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for groww

Expand

Broker Ratings by Users

Compare Motilal Oswal vs Groww on User Rating

  Motilal Oswal Groww
  57 Customer Reviews    Rate Motilal Oswal 8 Customer Reviews    Rate Groww
Fees Ratings 3.2 4.5
Trading Brokerage Rating 2.6 3.9
Trading Platform Usability 3.2 4.1
Customer Service Ratings 3.0 3.5
Overall Ratings 3.0 4.3
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
Expand

Investment Offerings

Compare Motilal Oswal vs Groww on Investment Offerings

Compare Motilal Oswal with Groww on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Motilal Oswal offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Motilal Oswal provide PMS Service where Groww doesn't offer

Investment Offerings - Compare Motilal Oswal with Groww
Investment Offerings Compare Motilal Oswal Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service Yes No
Other Investment Options NIL NIL
Expand

Order Types

Compare Motilal Oswal vs Groww on Order Types

Order Type - Compare Motilal Oswal with Groww on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Motilal Oswal provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Motilal Oswal provide Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Motilal Oswal offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Motilal Oswal offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Motilal Oswal with Groww
Order Type Compare Motilal Oswal Groww
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
Expand

Customer Service Offered

Compare Motilal Oswal vs Groww on Customer Service

Compare Motilal Oswal with Groww on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Motilal Oswal with Groww
Customer Service Compare Motilal Oswal Groww
24/7 Customer Service Motilal Oswal vs Groww - 24x7 customer support No No
Email Support Motilal Oswal vs Groww - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs Groww - Onine Live Chat No Yes
Phone Support Motilal Oswal vs Groww - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs Groww - Toll Free Number No No
Through Branches Motilal Oswal vs Groww - Through Branches Yes No
Customer Care Number Motilal Oswal vs Groww - Customer Care Number 022 40548000/022 67490600 9108800604
Account Opening Process Motilal Oswal vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email Motilal Oswal vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Motilal Oswal vs Groww - Knowledge Center/Education https://edumo.motilaloswal.com/ https://groww.in/academy
Head Office Address Motilal Oswal vs Groww - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website Motilal Oswal vs Groww - Company Website https://www.motilaloswal.com/ https://groww.in/
Expand

Tips/Research/Reports Published

Compare Motilal Oswal vs Groww on Research Reports, Tips

Compare Motilal Oswal with Groww on research reports and tips provided by the broker.

Research Reports - Compare Motilal Oswal with Groww
  Motilal Oswal Groww
Research Mutual Funds Motilal Oswal vs Groww - Research Mutual Funds Yes No
Research Equity Reports Motilal Oswal vs Groww - Research Equity Reports Yes No
Research ETF Motilal Oswal vs Groww - Research ETF Yes No
Daily Market Report Motilal Oswal vs Groww - Daily Market Report Yes No
Free Tips Motilal Oswal vs Groww - Free Tips Yes No
Quarterly Result Analysis Motilal Oswal vs Groww - Quarterly Results Yes No
News Alerts Motilal Oswal vs Groww - Yes No
Expand

Demat Account

Compare Motilal Oswal vs Groww on Demat Account

Compare Motilal Oswal with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Groww is Zero where for Motilal Oswal is ₹400 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Motilal Oswal is 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Motilal Oswal with Groww
  Motilal Oswal Groww
DP Source CDSL CDSL
DP ID Motilal Oswal vs Groww - DP ID 10900 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Zero
Advance Deposit NIL Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) ₹8 + ₹5.50 CDSL charges
Demat ₹50 per certificate + ₹50 courier charges ₹150 per certificate + courier charges
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹150 per certificate + courier charges
Pledge Creation ₹35 ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure ₹35 ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹35 ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs Groww on Special Offers and Promotion

Compare Motilal Oswal with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Motilal Oswal vs Groww on Special Offers and Promotion
  Motilal Oswal Groww
Pay In and Pay Out Options Motilal Oswal vs Groww - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from MO Desktop or MO Trader or MO Investor Mobile App.
Pay-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Motilal Oswal vs Groww - Payout Time Max 24 hrs except bank holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Motilal Oswal vs Groww - Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Info Not Available Info Not Available
Likes

There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;

  • Choice of asset classes i.e., equities, derivatives, commodities, and currencies.
  • Free Demat and trading account opening.
  • Zero maintenance fee for 1st year.
  • Free mobile app for traders (Trader App) and investors (Investor App).
  • Invest in mutual funds and IPOs for free.
  • Free research reports & recommendations.
  • Safe & secure fund transfer with 39+ banks.
  • Access features; StockSIP, IAP (Algorithm advisory), and improve my portfolio (PR).
  • Margin trading and margin against shares
  • Free call & trade service.
  • EDUMO (free learning platform) for beginners, intermediate, and advanced traders.

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

Dislikes

There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;

  • High brokerage charges
  • Unlike many full-service brokers like Kotak, ICICI, etc., Motilal Oswal does not have any flat discount brokerage plan.
  • You cannot open a 3-in-1 account, Demat + Trading + Bank A/c.
  • It only provides regular mutual fund schemes.

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

Special Offers/Promo Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin)
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T05:03:12+00:00