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The brokerage of Motilal Oswal ranges between 0.02 to 0.20%, the brokerage of Upstox ranges between Rs 20, while the brokerage of Nuvama Wealth ranges between Rs 10. The broker Upstox and Nuvama Wealth are a discount brokers where Motilal Oswal is a full service broker. Overall rating for Motilal Oswal is 4, Upstox is rated 4.5, Nuvama Wealth is rated 3.5 out of 5.
Here we present side-by-side comparison of Motilal Oswal vs Upstox vs Nuvama Wealth 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 Upstox vs Nuvama Wealth 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 Upstox vs Nuvama Wealth in this setion with 360 degree view of broker information.
 Motilal Oswal |
 Upstox |
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| Broker Type | Full Service Broker | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX |
| 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. | Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. | One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i...  |
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In this section we have compared Motilal Oswal vs Upstox vs Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Motilal Oswal and Nuvama Wealth offer Free account opening where Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - Motilal Oswal charges Rs 400 per annum [Free for 1st year] as AMC for Demat account, Upstox charges Free AMC for Demat account, where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.
| Charges | Motilal Oswal | Upstox | Nuvama Wealth |
|---|---|---|---|
| Trading Account Opening Fees | Free | Promotion offer: Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 400 per annum [Free for 1st year] | Free | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] |
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Plans are the most important feature you look when compare Motilal Oswal vs Upstox vs Nuvama Wealth. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth offers Multiple Plans where Motilal Oswal and Upstox doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Motilal Oswal | Upstox | Nuvama Wealth |
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| Zerodha | Upstox | Nuvama Wealth | |
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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.
Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.
Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.
| Brokerage Charges Compare | Motilal Oswal | Upstox | Nuvama Wealth |
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| Plan Name | Default Brokerage Plan | Max Rs 20 Per Order Trading Plan | Nuvama Lite |
| Equity Delivery | 0.20% | 2.5% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Equity Intraday | 0.02% | 0.05% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Equity Futures | 0.02% | 0.05% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Equity Options | Rs 20 per lot | Flat Fee Rs 20 | Flat Rs. 10 per executed order |
| Currency Futures | Rs 20 per lot | 0.05% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Currency Options | Rs 20 per lot | Flat Fee Rs 20 | Flat Rs. 10 per executed order |
| Commodity Trading | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 20 | 0.01% |
| Minimum Brokerage | |||
| Hidden Charges | No | Info Not Available | |
| Funding | Yes - 18% interest PA | Info Not Available | Yes - 24% interest PA |
| Call & Trade Charges | NA | Rs 50 + 18% GST | Rs 20 per call |
| Auto Square off Charges | NA | Rs 50 + 18% GST | Rs 20 |
| Brokerage Calculator | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Upstox | Brokerage Calculator for Nuvama Wealth |
Compare Motilal Oswal vs Upstox vs Nuvama Wealth on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Motilal Oswal | Upstox | Nuvama Wealth |
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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 | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for upstox | Complete Brokerage Plans for nuvama-wealth |
Compare Motilal Oswal vs Upstox vs Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 Account where Motilal Oswal and Nuvama Wealth 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 - Motilal Oswal and Nuvama Wealth offers NRI Trading where Upstox doesn't offers NRI Trading.
| Account Features Compare | Motilal Oswal | Upstox | Nuvama Wealth |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Motilal Oswal vs Upstox vs Nuvama Wealth. 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.
| Trading Platform Compare | Motilal Oswal | Upstox | Nuvama Wealth |
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| Desktop Trading Platform | Orion Lite | Upstox Pro | Xtreme Trader |
| Desktop Demo | Desktop Demo | Info Not Available | Desktop Demo |
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| Web Trading Platform | |
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| Web Trading Detail |
https://power.motilaloswal.com/MOSL/userMaster/login |
https://pro.upstox.com/ |
https://tlounge.edelweiss.in/Login |
| Web Trading Demo | Web Trading Demo | Web Trading Demo | Info Not Available |
| Mobile Site | |
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| Mobile Trading App | MO Trader | Upstox | Nuvama Mobile Trader |
| Mobile Trading App Demo | MO Trader Demo | Upstox Demo | Nuvama Mobile Trader Demo |
| Android Mobile App | |
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| Android App Download | Andriod MO Trader Download | Andriod Upstox Download | Andriod Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS MO Trader Download | iOS Upstox Download | iOS Nuvama Mobile Trader Download |
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| Trading Software Charges | Free | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Motilal Oswal | Equity Intraday and Delivery Brokerage Calculator for Upstox | Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Motilal Oswal | Futures Brokerage Calculator for Upstox | Futures Brokerage Calculator for Nuvama Wealth |
| Options Brokerage Calculator | Options Brokerage Calculator for Motilal Oswal | Options Brokerage Calculator for Upstox | Options Brokerage Calculator for Nuvama Wealth |
| Detail | Detail on Trading Platforms for motilal-oswal | Detail on Trading Platforms for upstox | Detail on Trading Platforms for nuvama-wealth |
| Motilal Oswal | Upstox | Nuvama Wealth | ||
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57 Customer Reviews
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12 Customer Reviews
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4 Customer Reviews
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| Overall Ratings | ||||
| Broker Rating | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | Upstox is Rated 3.7 / 5 based on 12 customer reviews | Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews |
Compare Motilal Oswal vs Upstox vs Nuvama Wealth 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 Nuvama Wealth offers PMS facility where Upstox doesn't offers PMS facility.
| Investment Offerings Compare | Motilal Oswal | Upstox | Nuvama Wealth |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Motilal Oswal vs Upstox vs Nuvama Wealth 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 Upstox provides Bracket Orders (BO) facility where Nuvama Wealth 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 - Motilal Oswal and Upstox offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.
| Order Type Compare | Motilal Oswal | Upstox | Nuvama Wealth |
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Compare Motilal Oswal vs Upstox vs Nuvama Wealth 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 | Upstox | Nuvama Wealth |
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| 24/7 Customer Service | |
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| Customer Care Number | 022 40548000/022 67490600 | +91 22 6130 9999 | 1800 102 3335 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://edumo.motilaloswal.com/ | https://upstox.com/help-center/ | https://www.nuvamawealth.com/investology |
| Head Office Address | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013 |
Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
| Website | https://www.motilaloswal.com/ | https://upstox.com/ | https://www.nuvamawealth.com/ |
Compare Motilal Oswal vs Upstox vs Nuvama Wealth on research reports and tips provided by broker.
| Motilal Oswal | Upstox | Nuvama Wealth | |
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| Research Mutual Funds | |
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| Research ETF | |
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Compare Motilal Oswal vs Upstox vs Nuvama Wealth on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Motilal Oswal | Upstox | Nuvama Wealth | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 10900 | 81800 | 19100 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹300 PA | Free (₹1500 one time charges) |
| Advance Deposit | NIL | NIL | NIL |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹13 + ₹5.50 CDSL charges | 0.02% of transaction value or ₹20 per transaction whichever is higher |
| Demat | ₹50 per certificate + ₹50 courier charges | ₹20 + ₹50 courier charges | ₹2 per certificate + ₹30 courier charges |
| Remat | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges |
| Pledge Creation | ₹35 | 0.02% of the transaction value (Min ₹50) + CDSL charges | 0.02% of transaction value (Min ₹50) |
| Pledge Creation Confirmation | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges | Nil |
| Pledge Closure | ₹35 | 0.02% of the transaction value (Min ₹50) + CDSL charges | 0.02% of transaction value (Min ₹50) |
| Pledge Closure Confirmation | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges | Nil |
| Pledge Invocation | ₹35 | 0.05% of the transaction value (Min ₹50) | 0.02% of transaction value (Min ₹50) |
| Failed Instruction Charges | Nil | ₹50 | Nil |
| Other Charges | Nil | Nil | Nil |
Compare Motilal Oswal vs Upstox vs Nuvama Wealth on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Motilal Oswal | Upstox | Nuvama Wealth | |
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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 funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro Pau-out/Fund Withdrawal - Bank Transfer only |
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader. Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time | Max 24 hrs except bank holidays. | Max 24 hrs except bank holidays | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Around 47 banks allow instant credit facility (Payment Gateway) with charges of ~Rs 7 from Motilal Oswal trading platforms. | Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. | NA |
| Bank Detail | Info Not Available | HDFC Bank Account Name - RKSV SECURITIES INDIA PVT.LTD. Account Number -00600340067574 Account Type - Current Account IFSC Code- HDFC0000060 |
Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
| 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;
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Before you open an Upstox account, check out the advantages on why to trade with Upstox.
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| 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;
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There are some setbacks or disadvantages also while trading with Upstox;
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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) | Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs | |
| Enquire for Motilal Oswal | Enquire for Upstox | Enquire for Nuvama Wealth |
Last Updated on 2023-09-14T05:03:12+00:00
