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Sharekhan Vs Motilal Oswal - Broker Comparison

Account Opening & AMC Charges

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Sharekhan Motilal Oswal Securities Ltd
Classic Account Standard Plan
Trading Account Opening Fee ₹750 ₹1000
Trading Account AMC ₹0 ₹0
Demat Account Opening Fee ₹0 ₹0
Demat Account AMC * ₹400 ₹400

Brokerage Charges

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Sharekhan Motilal Oswal Securities Ltd
Classic Account Standard Plan
Monthly Fee NA NA
Equity Delivery 0.50% 0.50%
Equity Intraday 0.10% 0.05%
Equity Future 0.10% 0.05%
Equity Options ₹100 per lot ₹75 per Lot
Currency Futures 0.10% ₹20 per Lot
Currency Options ₹30 per lot ₹20 per Lot
Commodity 0.10% 0.03%

Transaction Charges (Per Crore)

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Sharekhan Motilal Oswal Securities Ltd
Classic Account Standard Plan
Equity Delivery NSE ₹325 | BSE ₹275 NSE ₹335 | BSE ₹1000
Equity Intraday NSE ₹325 | BSE ₹275 NSE ₹325 | BSE ₹200
Equity Future * NSE ₹190 | BSE ₹50 ₹200
Equity Options * NSE ₹5000 | BSE ₹50 NSE ₹5110 | BSE ₹200
Currency Futures * NSE ₹135 | MCX ₹130 ₹125
Currency Options NSE ₹4220 | MCX ₹3220 ₹4200

Other Charges

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Sharekhan Motilal Oswal Securities Ltd
Classic Account Standard Plan
Minimum Brokerage ₹16 per script ₹30 for Delivery and ₹15 for Intraday
Call & Trade Rs 0 -
DP Charges (on sell side) Rs 0 ₹20 or 0.025% of transaction value whichever is higher
Other Miscellaneous Charges - -

Demat Account Charges

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Sharekhan Motilal Oswal Securities Ltd
Classic Account Standard Plan
Depository Service Provider CDSL CDSL
Account Opening Fee

Actual Stamp Paper Charges

Nil
Advance Deposite

₹500 Advance which will be adjusted against billing (Optional)

Tariff D - Deposit ₹2999 (refund of deposit ₹2000 on closure)

Nil
AMC

Scheme A: ₹400,
Scheme B: ₹500,
Scheme C: ₹350,
Scheme D: Nil,
Scheme E: ₹100,
Scheme F: ₹500,
Scheme H: ₹1000,
Scheme G: Nil(holding Value <= ₹50000) or 100(holding Value from ₹50001 to ₹200000)or 400(holding Value >₹200000)

Scheme A, C, E & H: Free for the 1st Year.

₹700 p.a.
Dematerialisation Charges

₹5 per certificate (Min ₹50 per request for Tariff A,B,C,D,E,F & H) (Min ₹100 per request for Tariff G )

₹50 per certificate + ₹50 per request
Rematerialisation Charges

₹50 per certificate or ₹50 for every hundred securities

₹35 per certificate or per 100 shares and part thereof which ever is higher + 25 courier charges
Transaction Charges (Credit) - -
Transaction Charges (debit)

Scheme A & B: Sales through Sharekhan: ₹0 Else 0.03% of value of tran(min ₹30),

Scheme C & D: Sales through Sharekhan ₹6 Per tran Else 0.03% of value of tran(min ₹30),

Scheme E & H: Sales through Sharekhan 0.03% of value of tran (E:min ₹29, H:min ₹30) Else 0.03% of value of tran(min ₹49),

Scheme F: 0.03% of value of tran(min ₹30),

Scheme G: 0.03% of value of tran(min ₹49)

0.025% or ₹30

Pledge Creation Charges

0.03 % of the value of the Transaction (Min ₹100 per transaction)

₹35 per request
Pledge Creation Confirmation Charges

Nil

Nil
Pledge Invocation Charges

Nil

₹35 per request
Failed Instruction Charges

Nil

Nil
Other Charges
  1. Freeze /De-freeze - ₹25 per request
  2. Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
  3. Client Master changes ₹30 per request for Tariff G

Demat Rejection: ₹50 per request

Features

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Sharekhan Motilal Oswal Securities Ltd
Classic Account Standard Plan
Trading Platform TradeTiger Orion Lite

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FAQs

Do I need to maintain any minimum balance in my ProStocks Trading Account?

No, there is no minimum balance / margin requirement while opening trading account with ProStocks. You only need to pay Rs 1000 as refundable deposit for demat account.  Later on, you can transfer funds as per your trading requirements.

How much stamp duty I have to pay as a Maharashtra or a Rajasthan client?

We are charging .01% or Max Rs 50 per day as stamp duty except clients with Maharashtra and Rajasthan address. Maharashtra and Rajasthan clients pay .01% for Delivery and .002% for Intraday, Equity F&O and Currency Derivatives.

Stamp Duty regulation has changed from 1st July 2020

Read more for RECENT STAMP DUTY RELATED CHANGES