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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Kotak Securities ranges between Rs. 20 per order, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. All 3 brokers are full service brokers. Overall rating for Motilal Oswal is 4, Kotak Securities is rated 4, AxisDirect is rated 3.5 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs Kotak Securities vs AxisDirect stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Motilal Oswal vs Kotak Securities vs AxisDirect on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Motilal Oswal vs Kotak Securities vs AxisDirect in this setion with 360 degree view of broker information.
 Motilal Oswal |
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| Broker Type | Full Service Broker | Full Service Broker | Full Service Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | NSE, BSE |
| 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. | Kotak Securities is one of the leading stock brokers in India. From a comprehensive suite of trading and investing products to free intraday trading, multiple brokerage plans, a new-gen Neo web and app platform, cutting-edge trading tools, and expert... |
Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... |
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In this section we have compared Motilal Oswal vs Kotak Securities vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and Kotak Securities offer Free account opening where AxisDirect charges Rs 999 for account opeing. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, Kotak Securities charges Rs 600 PA AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.
| Charges | Motilal Oswal | Kotak Securities | AxisDirect |
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| Trading Account Opening Fees | Free | Free | Rs 999 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 400 per annum [Free for 1st year] | Rs 600 PA | Rs 750 PA (Free for 1st year) |
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Plans are the most important feature you look when compare Motilal Oswal vs Kotak Securities vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Kotak Securities and AxisDirect offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Motilal Oswal | Kotak Securities | AxisDirect |
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| Zerodha | Kotak Securities | Zerodha | |
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Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.
AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.
| Brokerage Charges Compare | Motilal Oswal | Kotak Securities | AxisDirect |
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| Plan Name | Default Brokerage Plan | Kotak Securities Trade Free Plan | Fixed Brokerage Trading Plan (Percentage Based) |
| Equity Delivery | 0.20% | 0.25% | 0.50% (Each leg) |
| Equity Intraday | 0.02% | Free | 0.05% (Each leg) |
| Equity Futures | 0.02% | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | 0.05% (Each leg) |
| Equity Options | Rs 20 per lot | Delivery: Flat fee Rs. 20 per order| Intraday: Free | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | Rs 20 per lot | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | 0.05% (Each Leg) |
| Currency Options | Rs 20 per lot | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | Delivery: Flat fee Rs. 20 per order| Intraday: Fre | Futures: 0.03% (Each leg)| Options: Rs. 50 per lot |
| Minimum Brokerage | Rs 21 per executed order | ||
| Hidden Charges | No | No | |
| Funding | Yes - 18% interest PA | 12.49% interest PA | Yes - 18% interest PA |
| Call & Trade Charges | NA | 20 calls free and after that Rs 20 per call | Free 20 calls per month, and after Rs. 20 per order |
| Auto Square off Charges | NA | 20 calls free and after that Rs 20 per call | 20 calls Free and after that Rs 20 per call |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Kotak Securities | Brokerage Calculator for AxisDirect |
Compare Motilal Oswal vs Kotak Securities vs AxisDirect on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | Kotak Securities | AxisDirect |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | 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 | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | 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 | 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 | 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 | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for kotak-securities | Complete Brokerage Plans for axisdirect |
Compare Motilal Oswal vs Kotak Securities vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Kotak Securities and AxisDirect offers 3-in-1 Account where Motilal Oswal offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Motilal Oswal | Kotak Securities | AxisDirect |
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| 3 in 1 Account | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 2:45 PM |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal vs Kotak Securities vs AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| Motilal Oswal | Kotak Securities | AxisDirect | ||
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57 Customer Reviews
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82 Customer Reviews
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6 Customer Reviews
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| Broker Rating | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews | AxisDirect is Rated 2.3 / 5 based on 6 customer reviews |
Compare Motilal Oswal vs Kotak Securities vs AxisDirect 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Motilal Oswal and Kotak Securities offers PMS facility where AxisDirect doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | Kotak Securities | AxisDirect |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Motilal Oswal vs Kotak Securities vs AxisDirect on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. 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 and Kotak Securities provides Bracket Orders (BO) facility where AxisDirect doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - All 3 brokers offers Good Till Cancelled (GTC) orders, which means you place buy or sell equity limit order and your order remains in system until it executed or reaches the specified numbers of days.
| Order Type Compare | Motilal Oswal | Kotak Securities | AxisDirect |
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Compare Motilal Oswal vs Kotak Securities vs AxisDirect on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | Motilal Oswal | Kotak Securities | AxisDirect |
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| Customer Care Number | 022 40548000/022 67490600 | 1800 209 9191 | 022-61480808 |
| Account Opening Process | Online/Paperless | Online | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank | https://simplehai.axisdirect.in/learn/overview |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051 |
Unit No. 2, Phoenix Market City, 15, LBS Road, Near Kamani Junction, Kurla (West), Mumbai- 400 070. |
| Website | https://www.motilaloswal.com/ | https://www.kotaksecurities.com | https://simplehai.axisdirect.in |
Compare Motilal Oswal vs Kotak Securities vs AxisDirect on research reports and tips provided by broker.
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Compare Motilal Oswal vs Kotak Securities vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | Kotak Securities | AxisDirect | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | 49200 | 49200 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹780 pa | ₹500 pa |
| Advance Deposit | NIL | NA | Nil |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.04% (Min ₹27) + CDSL charges | ₹10 |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹3 per certificate + ₹50 courier charges | ₹3 per certificate |
| Remat | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹10 for every hundred securities (Min ₹15) | ₹10 for every hundred securities (Min ₹10) |
| Pledge Creation | ₹35 | 0.05% of transaction value (Min ₹30) | ₹25 |
| Pledge Creation Confirmation | Nil | 0.05% of transaction value (Min ₹30) | ₹25 |
| Pledge Closure | ₹35 | 0.05% of transaction value (Min ₹30) | ₹25 |
| Pledge Closure Confirmation | Nil | 0.05% of transaction value (Min ₹30) | ₹25 |
| Pledge Invocation | ₹35 | 0.05% of transaction value (Min ₹30) | Nil |
| Failed Instruction Charges | Nil | Nil | Nil |
| Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs Kotak Securities vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | Kotak Securities | AxisDirect | |
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| 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 Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank). Pay-out/Fund Withdrawal - Bank Transfer only. |
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
| Payout Time | Max 24 hrs except bank holidays. | Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. | Instant to Axis Bank. |
| Bank Supported and Charges | Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. | (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank | NA |
| Bank Detail | Info Not Available | Direct from your Kotak Mahindra bank account. | Direct from your Axis bank account. |
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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;
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There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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| 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) | Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | |
| Enquire for Motilal Oswal | Enquire for Kotak Securities | Enquire for AxisDirect |
Last Updated on 2023-09-14T05:03:12+00:00
