ProStocksUpstoxPaytmFyers5PaisaTradeSmartAlice Bluem.StockINDmoneyMonarch NetworthShare.Market (PhonePe)Indiabulls SecuritiesFirstockThe side-by-side comparison of Motilal Oswal and Zerodha NRI Account. Compare Motilal Oswal Vs Zerodha NRI Account brokerage charges, exposure margin, demat account and AMC. Read Zerodha and Motilal Oswal NRI Account reviews.
Find out Motilal Oswal Vs Zerodha which is better NRI Trading Account. See Motilal Oswal Vs Zerodha which is best NRI Demat Account.
Our Motilal Oswal Securities Ltd comparison with Zerodha highlights the major differences between two brokers. Find the best between Motilal Oswal and Zerodha NRI Account.
| Motilal Oswal | Zerodha | |
|---|---|---|
 |  | |
| About the Broker | Motilal Oswal is one of the most trusted and experienced financial services companies in India. With over three decades of experience, the financial services provider offers comprehensive financial solutions to NRIs across the globe. Motilal Oswal of... | Zerodha is a leading stock broker in India. The Bengaluru based stock broker offers online discount broking services to both resident and non-resident Indians (NRIs). Zerodha offers 2-in-1 accounts to NRIs which includes a trading and a demat account... |
| Account Type | NRI Investment Account | NRI Account |
| Special Offer | Special Offer: Flat Brokerage Rs 20/lot + FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes. | Special Offer: Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today. |
| Motilal Oswal | Zerodha | |
|---|---|---|
| NRI Account Opening Fees | Free | ₹500 |
| NRI Account AMC | Rs 999 | ₹0 |
| NRI Demat Account Opening Fees | Rs 0 | Rs 0 |
| NRI Demat Account AMC | Rs 199 (Free for 1st Year) | Rs 300 |
| PIS Account AMC | NA | NA |
| RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
| Open Motilal Oswal Account | Open Zerodha Account |
| Account Type | Motilal Oswal NRI Investment Account | Zerodha NRI Account |
|---|---|---|
| Equity Delivery | 0.50% | ₹100 per trade (non-PIS), ₹200 per trade (PIS) |
| Equity Futures | 0.05% | ₹100 per trade (non-PIS), ₹200 per trade (PIS) |
| Equity Options | Rs 100 | ₹100 per trade (non-PIS), ₹200 per trade (PIS) |
| Open Motilal Oswal Account | Open Zerodha Account |
| Contract Note Reporting Charges | NA | NA |
| Other Brokerage Charges | Demat Account AMC: ₹300 yearly | |
| TDS Charges on Long Term Gain (Holding > 365 Days) | 11.96% | 11.96% |
| TDS Charges on Short Term Gain (Holding <= 365 Days) | 17.94% | 17.94% |
| Motilal Oswal | Zerodha | |
|---|---|---|
| Securities Transaction Tax (STT) |
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| Exchange Transaction Charges | Check Exchange Transaction Fee | |
| SEBI Charges | 0.00005% (₹5/Crore) | 0.00005% (₹5/Crore) |
| Goods and Services Tax (GST) | 18% on (brokerage + transaction charges) | 18% on (brokerage + transaction charges) |
| Stamp Duty | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. | 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. |
| Motilal Oswal Margin | Zerodha Margin | |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Futures | 1x | 1x |
| Equity Options | 1x | 1x |
1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage. | ||
| Motilal Oswal | Zerodha | |
|---|---|---|
| 3-in-1 Account |  | |
| Automated Trading | | |
| Free Research And Tips |  | |
| Other Features | ||
| Open Motilal Oswal Account | Open Zerodha Account |
| Motilal Oswal Review | Zerodha Review | |
|---|---|---|
152 Customer Reviews  | 491 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform |  | |
| Customer Service |  |  |
| Overall Rating |  | |
| Broker Rating | Motilal Oswal is Rated 2.2 / 5 based on 152 customer reviews | Zerodha is Rated 3.6 / 5 based on 491 customer reviews |
| Open Motilal Oswal Account | Open Zerodha Account |
| Motilal Oswal Enquire | Motilal Oswal Enquire | |
|---|---|---|
| Contact Broker | Flat Brokerage Rs 20/lot + FREE Account Opening + FREE Intraday Trades + FREE Personal Advisor & Research + FREE for 1st Year Demat AMC Open your FREE Demat Account in 5 Minutes. | Invest with zero brokerage in Equity Delivery and Direct Mutual Funds. Pay a flat ₹20 per trade for Intraday and F&O. Open an instant account (FREE) with Zerodha and start trading today. |
| Motilal Oswal | Zerodha | |
|---|---|---|
| Stocks | | |
| Initial Public Offers (IPO) | | |
| Mutual Funds | | |
| Other Investment Options | Unlisted Equity (Stocks), ETF, Ready-made Investment Portfolios (IAP), Smallcases, Stock baskets |
| Motilal Oswal | Zerodha | |
|---|---|---|
| Customer Care Number | +91 80 4718 1888 | |
| Customer Care Email | nridesk@zerodha.com | |
| Open Motilal Oswal Account | Open Zerodha Account |
| Motilal Oswal | Zerodha | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Motilal Oswal | Zerodha | |
|---|---|---|
| Pros |
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Conclusion | Motilal Oswal is a popular name in the financial services industry in India. The company offers a range of online trading and investment services to NRIs. NRIs get free access to the trading platform and dedicated research team that provides market insights through published reports on the economy, market trends, and sectors. Higher brokerage makes it expensive for investors/traders who don't need advisory services. | Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs. |
| Promo / Offers | Motilal OswalSpecial OfferFREE Account Opening (for a limited time only)
This is a limited-time offer. Simply Open your FREE Demat Account in 5 Minutes. | ZerodhaSpecial OfferFree Stock Trading and Mutual Funds
Limited-time offer! |
| Open Motilal Oswal Account | Open Zerodha Account |
Zerodha is an online discount broker offering only trading and investment services. Motilal Oswal is a full-service broker that provides a range of add-on services like research, advisory and PMS services along with trading.
Zerodha is suitable for investors who can manage to trade on their own while; Motilal Oswal is suitable for traders who require hand-holding, trading assistance and tips.
Key features of Motilal Oswal:
Key features of Zerodha:
Zerodha and Motilal Oswal are different types of brokers. Zerodha is an online discount broker offering only trading services whereas, Motilal Oswal is a full-service broker offering trading, PMS, research, and advisory services.
|
Factor |
Zerodha |
Motilal Oswal |
|---|---|---|
|
Brokerage |
Rs 0 brokerage for equity delivery and flat Rs 20 per trade for Intraday and F&O trading at BSE, NSE and MCX. |
Customized percentage-based brokerage plans to suit the trading requirement of every investor. |
|
Account Opening Fees |
Rs. 200 |
Free |
|
Demat AMC |
Rs.300 |
Rs 400 |
|
Products |
Equity, F&O, Currency, Commodities, IPO, Mutual Funds |
Equity, F&O, Currency, Commodities, IPO, Mutual Funds, Digital Gold, Corporate FDs, Loans, Insurance and PMS. |
|
Research Services |
No |
Yes |
|
Relationship Manager |
No |
Yes |
|
Offline Branch Support |
No |
Yes |
|
Margin Funding |
No |
Yes |
|
Motilal Oswal |
Zerodha |
|---|---|
|
Full-Service Broker |
Discount Broker |
|
Branches spread all over the country with offices in over 570+ cities |
No branches |
|
Personalized services through relationship manager. |
No personalized services. |
|
Provides research and trading tips. |
No research and recommendations are provided. |
|
Offers free account opening |
Charges Rs. 200 towards account opening. |
|
Option to choose from various brokerage schemes. |
One brokerage scheme across all investors. |
|
Rs 400 as Demat account AMC |
Rs 300 as Demat account AMC |
|
Offers Mutual Funds, Insurance, Corporate FDs Digital gold, Bonds, IPO and Loans apart from trading in Equity, F&O, Currency and Commodity. |
Offer Mutual funds and online IPO apart from trading in Equity, F&O, Currency and Commodity. |
|
Offers margin funding. |
No margin funding. |
|
Undertakes proprietary trading. |
Does not undertake proprietary trading |
Motilal Oswal is a full-service broker that provides a wide range of products and services. Zerodha is India's number 1 online discount broker offering online trading services.
Motilal Oswal and Zerodha belong to different categories of the broker. Thus, their suitability differs based on the customer trading needs. Zerodha is suitable for customers who can trade online independently using its mobile and web apps. Motilal Oswal is apt for customers who need personalised services, trading tips and local support.
Motilal Oswal is better than Zerodha on the following grounds
Zerodha is better than Motilal on the following grounds
Zerodha is the number one stock broker in India by the number of clients. It offers online trading and investment services. Motilal Oswal is a full-service broker that provides tips, research, recommendation, PMS and advisory services.
Zerodha is better than Motilal Oswal on the following grounds
Zerodha and Motilal Oswal belong to different categories of the broker. Thus, their suitability differs based on the trading needs of each investor. Zerodha is for stock market investors/traders who can trade by themselves with minimum or no help from the broker. Motilal Oswal offers in-person services, trading tips and local support, but at a very high brokerage cost.
Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Open Motilal Oswal Account
