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Motilal Oswal Vs HDFC Sky: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Motilal Oswal Max 0.02 to 0.20% per trade while the brokerage of HDFC Sky ranges between Rs 20. Motilal Oswal is a Full Service Broker where HDFC Sky is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for HDFC Sky is 10,62,264 where number of active customer for Motilal Oswal is 1. HDFC Sky is serving more customer compare to Motilal Oswal.

Here we present side-by-side comparison of Motilal Oswal vs HDFC Sky 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 HDFC Sky'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 HDFC Sky 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 HDFC Sky'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 HDFC Sky on Service

  Motilal Oswal Compare
Motilal Oswal
HDFC Sky Compare
HDFC Sky
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, MCX
Active Clients 1 10,62,264
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. HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi...Know more about HDFC Sky
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Motilal Oswal vs HDFC Sky on Trading & Demat Account Opening Charges

Comparison of Motilal Oswal with HDFC Sky on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account where HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Motilal Oswal with HDFC Sky
Charges Motilal Oswal HDFC Sky
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] Rs 240 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Motilal Oswal vs HDFC Sky on Plan Options

Plans are the most important feature you look when compare Motilal Oswal with HDFC Sky. 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 HDFC Sky on Plan Options
Plan Types Motilal Oswal HDFC Sky
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Motilal Oswal vs HDFC Sky 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.

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

Brokerage Charges - Compare Motilal Oswal with HDFC Sky
Brokerage Charges Compare Motilal Oswal HDFC Sky
Plan Name Default Brokerage Plan Fixed pricing model
Equity Delivery 0.20% 0.1% or Rs 20 whichever is lower
Equity Intraday 0.02% 0.1% or Rs 20 whichever is lower
Equity Futures 0.02% 0.1% or Rs 20 whichever is lower
Equity Options Rs 20 per lot Flat Fee Rs 20
Currency Futures Rs 20 per lot 0.1% or Rs 20 whichever is lower
Currency Options Rs 20 per lot Flat Fee Rs 20
Commodity Trading Futures: 0.02%| Options: Rs 200 Per Lot Flat Fee Rs 20
Minimum Brokerage NIL NIL
Hidden Charges No No
Funding Yes - 18% interest PA Yes - 12% interest PA
Call & Trade Charges NA Rs 20 per call
Auto Square off Charges NA 0.1% or Rs 20 whichever is lower
Brokerage Calculator Brokerage Calculator for Motilal Oswal Brokerage Calculator for HDFC Sky
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Share Broker's Transaction Charges

Compare Motilal Oswal vs HDFC Sky on Transaction Charges

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

Transaction Charges - Compare Motilal Oswal with HDFC Sky
Transaction Charges Compare Motilal Oswal HDFC Sky
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 hdfc-sky
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Account Features

Compare Motilal Oswal vs HDFC Sky on Account Features

Compare Motilal Oswal with HDFC Sky on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky offers 3-in-1 account where Motilal Oswal offers only 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 - Both broker provides NRI Trading facility.

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

Compare Motilal Oswal vs HDFC Sky on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal and HDFC Sky. 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 HDFC Sky
Trading Platform Compare Motilal Oswal HDFC Sky
Desktop Trading Platform Orion Lite HDFC Sky
Desktop Demo Desktop Demo Desktop Demo
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 https://hdfcsky.com/
Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App MO Trader HDFC Sky App
Mobile Trading App Demo MO Trader Demo HDFC Sky App Demo
Android Mobile App Yes Yes
Android App Download Andriod MO Trader Download Andriod HDFC Sky App Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS MO Trader Download iOS HDFC Sky 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 HDFC Sky
Futures Brokerage Calculator Futures Brokerage Calculator for Motilal Oswal Futures Brokerage Calculator for HDFC Sky
Options Brokerage Calculator Options Brokerage Calculator for Motilal Oswal Options Brokerage Calculator for HDFC Sky
Detail Detail on Trading Platforms for motilal-oswal Detail on Trading Platforms for hdfc-sky

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Broker Ratings by Users

Compare Motilal Oswal vs HDFC Sky on User Rating

  Motilal Oswal HDFC Sky
  57 Customer Reviews    Rate Motilal Oswal 97 Customer Reviews    Rate HDFC Sky
Fees Ratings 3.2 2.4
Trading Brokerage Rating 2.6 2.1
Trading Platform Usability 3.2 2.9
Customer Service Ratings 3.0 2.8
Overall Ratings 3.0 2.4
Broker Rating Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews
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Investment Offerings

Compare Motilal Oswal vs HDFC Sky on Investment Offerings

Compare Motilal Oswal with HDFC Sky 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 - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Motilal Oswal provide PMS Service where HDFC Sky doesn't offer

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

Compare Motilal Oswal vs HDFC Sky on Order Types

Order Type - Compare Motilal Oswal with HDFC Sky 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) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both brokers provides Bracket Orders (BO). You can trade in equity and index derivatives using bracket Orders. With the name, it's clear 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 a higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Motilal Oswal offers After Market Orders where HDFC Sky doesn't offers AMO. GTC Orders- Both offers Good Till Cancelled (GTC) orders. GTC means you place a buy or sell equity limit order and your order remains in the system until it executed or reaches the specified number of days.

Order Types - Compare Motilal Oswal with HDFC Sky
Order Type Compare Motilal Oswal HDFC Sky
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes Yes
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes Yes
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Customer Service Offered

Compare Motilal Oswal vs HDFC Sky on Customer Service

Compare Motilal Oswal with HDFC Sky 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 HDFC Sky
Customer Service Compare Motilal Oswal HDFC Sky
24/7 Customer Service Motilal Oswal vs HDFC Sky - 24x7 customer support No No
Email Support Motilal Oswal vs HDFC Sky - Email Support Yes Yes
Onine Live Chat Motilal Oswal vs HDFC Sky - Onine Live Chat No No
Phone Support Motilal Oswal vs HDFC Sky - Phone Support Yes Yes
Toll Free Number Motilal Oswal vs HDFC Sky - Toll Free Number No No
Through Branches Motilal Oswal vs HDFC Sky - Through Branches Yes Yes
Customer Care Number Motilal Oswal vs HDFC Sky - Customer Care Number 022 40548000/022 67490600 1800 121 2109
Account Opening Process Motilal Oswal vs HDFC Sky - Account Opening Process Online/Paperless Online
Customer Support Email Motilal Oswal vs HDFC Sky - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Motilal Oswal vs HDFC Sky - Knowledge Center/Education https://edumo.motilaloswal.com/ https://hdfcsky.com/learn
Head Office Address Motilal Oswal vs HDFC Sky - Head Office Address/Corporate Address Motilal Oswal Tower,
Rahimtullah Sayani Road,
Opposite Parel ST Depot,
Prabhadevi, Mumbai-400025
LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Website Motilal Oswal vs HDFC Sky - Company Website https://www.motilaloswal.com/ https://hdfcsky.com/
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Tips/Research/Reports Published

Compare Motilal Oswal vs HDFC Sky on Research Reports, Tips

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

Research Reports - Compare Motilal Oswal with HDFC Sky
  Motilal Oswal HDFC Sky
Research Mutual Funds Motilal Oswal vs HDFC Sky - Research Mutual Funds Yes Yes
Research Equity Reports Motilal Oswal vs HDFC Sky - Research Equity Reports Yes Yes
Research ETF Motilal Oswal vs HDFC Sky - Research ETF Yes Yes
Daily Market Report Motilal Oswal vs HDFC Sky - Daily Market Report Yes Yes
Free Tips Motilal Oswal vs HDFC Sky - Free Tips Yes Yes
Quarterly Result Analysis Motilal Oswal vs HDFC Sky - Quarterly Results Yes Yes
News Alerts Motilal Oswal vs HDFC Sky - Yes Yes
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Demat Account

Compare Motilal Oswal vs HDFC Sky on Demat Account

Compare Motilal Oswal with HDFC Sky 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 HDFC Sky is ₹750 pa 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 HDFC Sky is 0.04% (Min ₹20) + 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 HDFC Sky
  Motilal Oswal HDFC Sky
DP Source CDSL CDSL
DP ID Motilal Oswal vs HDFC Sky - DP ID 10900 CDSL: 1209
Demat Account Annual Maintenance Charges(AMC) ₹400 pa ₹750 pa
Advance Deposit NIL Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.04% (Min ₹20) + CDSL charges
Demat ₹50 per certificate + ₹50 courier charges ₹5 per certificate + ₹35 request charges
Remat ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges ₹30
Pledge Creation ₹35 Nil
Pledge Creation Confirmation Nil 0.04% of transaction value (Min ₹40)
Pledge Closure ₹35 Nil
Pledge Closure Confirmation Nil 0.04% of transaction value (Min ₹40)
Pledge Invocation ₹35 0.04% of transaction value (Min ₹40)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Motilal Oswal vs HDFC Sky on Special Offers and Promotion

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

Compare Motilal Oswal vs HDFC Sky on Special Offers and Promotion
  Motilal Oswal HDFC Sky
Pay In and Pay Out Options Motilal Oswal vs HDFC Sky - 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, Online Bank Transfer from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Motilal Oswal vs HDFC Sky - Payout Time Max 24 hrs except bank holidays. Instant to HDFC Bank.
Bank Supported and Charges Motilal Oswal vs HDFC Sky - Bank Supported and Charges Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. Info Not Available
Bank Detail Info Not Available Direct from your HDFC bank account.
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...

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

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...

  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

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