Motilal Oswal Charges 2026: Brokerage & F&O (Review)
Motilal Oswal demat account review: opening fee ₹0, AMC ₹199/year after first year, and brokerage charges updated May 2026. Informational only—not investment advice.
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Motilal Oswal charges ₹0 to open an account and ₹0 AMC and admin charges in the first year. Brokerage is 0.20% on equity delivery, 0.02% on futures and ₹20 per lot on options. New accounts get ₹0 brokerage up to ₹1,000 for the first 30 days.
By Ajay Bohra · About the author
Last updated: October 2026
This page lists the Motilal Oswal charges Indian investors pay: brokerage by segment, taxes and exchange fees, account and demat charges, and three worked examples that add up the total cost of a trade. Rates were checked against Motilal Oswal’s published charges in October 2026. Charges change, so confirm on Motilal Oswal before you trade. This is information, not investment advice.
Motilal Oswal brokerage charges by segment
| Segment | Brokerage per executed order |
|---|---|
| Equity delivery | 0.20% |
| Futures (equity and commodity) | 0.02% |
| Options (equity and index) | ₹20 per lot |
These are the headline rates Motilal Oswal publishes on its demat account page. New accounts get ₹0 brokerage up to ₹1,000 for 30 days. Intraday brokerage, AMC after the first year, DP charges, pledge and margin trading rates are in Motilal Oswal’s schedule of charges and are not listed here. The options example assumes one lot per order at ₹20.
Taxes and exchange charges on Motilal Oswal trades
These are charged on top of brokerage by the government and the exchanges. They are the same at every broker, apart from small differences in how brokers round and bill them.
| Charge | Equity delivery | Equity intraday | Futures | Options |
|---|---|---|---|---|
| STT | 0.1% on buy and sell | 0.025% on sell | 0.05% on sell | 0.15% on sell premium |
| Exchange transaction charge (NSE) | 0.00307% | 0.00307% | 0.00183% | 0.03553% of premium |
| Stamp duty (buy side) | 0.015% | 0.003% | 0.002% | 0.003% |
| SEBI turnover fee | ₹10 per crore | ₹10 per crore | ₹10 per crore | ₹10 per crore |
| GST | 18% on brokerage, exchange and SEBI charges | 18% | 18% | 18% |
Motilal Oswal account, demat and other charges
| Charge | Amount |
|---|---|
| Account opening | ₹0 |
| AMC and admin charges | ₹0 for the first year. Check Motilal Oswal for the charge from the second year |
| Brokerage offer for new accounts | ₹0 brokerage up to ₹1,000 for the first 30 days |
| Margin trading (Pay Later) | Up to 4x leverage. Check Motilal Oswal for the interest rate |
Motilal Oswal charges: three worked examples
Each example adds up every charge on a round trip (buy and sell). The delivery example buys and sells ₹1,00,000 of shares once each. The options example buys premium worth ₹50,000 and sells it for ₹60,000. Amounts are rounded to the nearest paisa and leave out tiny exchange investor-protection levies.
| Charge | Delivery (₹1,00,000 buy and sell) | Options (₹50,000 buy, ₹60,000 sell) |
|---|---|---|
| Brokerage | ₹400.00 | ₹40.00 |
| STT | ₹200.00 | ₹90.00 |
| Exchange transaction charges | ₹6.14 | ₹39.08 |
| SEBI turnover fee | ₹0.20 | ₹0.11 |
| Stamp duty | ₹15.00 | ₹1.50 |
| GST | ₹73.14 | ₹14.25 |
| Total charges | ₹694.48 | ₹184.95 |
| Total as % of turnover | 0.694% | 0.168% |
Two things stand out. Delivery brokerage of 0.20% costs ₹400 on a ₹1,00,000 buy and sell, well above flat-fee brokers, so this account suits investors who value research and advisory support. Intraday and DP charges are not included because Motilal Oswal does not show them on its demat account page. Profit or loss on the trade itself is not included, and neither is income tax on gains.
How Motilal Oswal charges compare
Brokerage, AMC and DP charges are where brokers differ. Put your own order sizes into the brokerage calculator or see the broker comparisons hub.
Who should read this Motilal Oswal review
Investors who want a full-service broker with research and personal advisors often look at Motilal Oswal. Get the current schedule of charges from Motilal Oswal for intraday, AMC after year one and DP charges before you open. This is not personalised investment advice.
Motilal Oswal charges: FAQs
What are Motilal Oswal brokerage charges?
0.20% on equity delivery, 0.02% on futures (equity and commodity) and ₹20 per lot on options (equity and index).
Is Motilal Oswal delivery free?
No. Delivery brokerage is 0.20%. New accounts get ₹0 brokerage up to ₹1,000 for the first 30 days.
What is the Motilal Oswal account opening fee?
₹0.
What is the Motilal Oswal AMC?
AMC and admin charges are ₹0 for the first year. The charge from the second year is in Motilal Oswal’s schedule of charges.
Does Motilal Oswal offer margin trading?
Yes. Its Pay Later facility offers up to 4x leverage. Check Motilal Oswal for the current interest rate.
How much STT do I pay on Motilal Oswal?
STT is set by the government: 0.1% on buy and sell for delivery, 0.025% on the sell side for intraday, 0.05% on the sell side for futures and 0.15% on the sell premium for options.
Sources
Motilal Oswal’s published charges: Motilal Oswal demat account page. STT, stamp duty, SEBI turnover fee and exchange transaction charges follow the rates set by the government, SEBI and the exchanges.
Brokerage, AMC, and statutory charges change. This page is for information and education only, not investment advice.
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