Motilal Oswal vs Groww – Compare Charges, Trading Features, Offers & more

In the world of discount broking, two prominent names are Motilal Oswal and Groww. For brokerage-conscious investors, discount brokers are the best resort as they offer reliable stock trading services at reduced brokerage.

Motilal Oswal and Groww, both discount brokers, are registered with SEBI and are quite popular among stock traders and investors. If you don't want to splurge on heavy brokerage, you can choose from these two discount brokers. However, many times traders and investors get confused between Motilal Oswal and Groww. So, here is a post that does a thorough comparison of both the discount brokers and helps you choose the best between them.

 
 

Overview – Motilal Oswal vs. Groww

Motilal Oswal – Started its journey in 1987, Motilal Oswal has come a long way in the discount broking space. It allows traders and investors to invest in stocks, currency, and derivatives (F&O). It is a member of BSE and NSE. The broker was set up by IIFL founders.

Groww – Started in 2016, Groww is a registered discount broker based out of Bangalore. It offers stock and commodity trading services at NSE, BSE, and MCX. It also offers Demat services through its CDSL membership.

Motilal Oswal and Groww, both stockbrokers, rely heavily on the latest technology to offer best-in-class trading services to their clients.

Motilal Oswal vs Groww – A Comprehensive Company Overview and Comparison

Company Overview Motilal Oswal Groww
Company Type Public Private
Broker Type Full Service Discount Broker
Headquarters Mumbai Bangalore
Founder Motilal Oswal, Raamdeo Agrawal Lalit Keshre
Establishment Year 1987 2016

Brokerage Charges Comparison of Motilal Oswal vs. Groww

Brokerage is an intrinsic part of any stock broker and it is the first thing traders and investors look at while investing. Below are the brokerage details of Motilal Oswal and Groww the stockbrokers. The following brokerage comparison would help you look at the both brokers side by side.

Motilal Oswal vs Groww - A Detailed Brokerage Comparison

Brokerage Motilal Oswal Groww
Brokerage Plan Standard Plan Standard Plan
Subscription Charges Zero Zero
Equity Delivery 0.20% of Transaction Value Rs.20 per Order or 0.05% (whichever is low)
Equity Intraday 0.02% of Transaction Value Rs.20 per Order or 0.05% (whichever is low)
Equity Future 0.02% of Transaction Value Rs.20 per Order or 0.05% (whichever is low)
Equity Option Rs.20 per Lot Rs.20 per Order
Commodity Future 0.02% of Transaction Value Rs.20 per Order
Commodity Option Rs.20 per Lot Rs.20 per Order
Currency Future 0.02% of Transaction Value Rs.20 per Order
Currency Option Rs.20 per Lot Rs.20 per Order

Equity

Equity refers to the ownership in a business that one can buy through a broker.

Equity delivery: If you hold your share (equity) for more than two days in your Demat account and sell it after that, a percentage of the gain will go to the broker. While Motilal Oswal charges 0.20% of Transaction Value per Trade based on whichever is of the lower value, Groww charges Rs.20 per Order or 0.05% (whichever is low) per Trade equity delivery.

Equity Intraday: Motilal Oswal charges 0.02% of Transaction Value per trade.

Equity Futures: Groww charges Rs.20 per Order or 0.05% (whichever is low), whereas Motilal Oswal charges 0.02% of Transaction Value per trade.

Equity Options: Groww charges Rs.20 per Order per trade, whereas Motilal Oswal charges Rs.20 per Lot per trade each order.

Currency

Currency Future: Groww charges Rs.20 per Order per trade for currency futures, whereas Motilal Oswal charges 0.02% of Transaction Value per trade, depending on which is the lower value.

Currency Options: Groww charges Rs.20 per Order each trade for currency options, compared to Rs.20 per Lot per trade for Motilal Oswal.

Commodity

Commodity Future: Groww costs Rs.20 per Order per trade for commodity futures, whereas Motilal Oswal charges 0.02% of Transaction Value per trade, depending on which is the lower value.

Commodity Options: Groww charges Rs.20 per Order each trade, whereas Motilal Oswal charges Rs.20 per Lot per trade for commodity options.

Trading Platforms Comparison of Motilal Oswal vs. Groww

A trading platform lets traders and investors trade in stocks easily and effectively. Most stockbrokers offer trading platforms for desktop computers and smartphones. Both Motilal Oswal and Groww offer advanced trading platforms for Android and iOS systems. Also, one can access their account on web browsers through a web trading link.

Motilal Oswal vs Groww - A Complete Comparison of Trading Platforms

Trading Platforms Motilal Oswal Groww
Android App Motilal Oswal Android App Link Groww Android App Link
iOS App Motilal Oswal iOS App Link Groww iOS App Link
Web Trading Platform Motilal Oswal Web Trading Link Groww Web Trading Link
Trading Terminal Available NA
Algo Trading Platform Available NA
Foreign Stocks Trading Platform Available NA
Basket Trading Platform Available NA
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform Available NA
Bonds Investment Platform Available NA

Groww used an advanced technology named ANT, meaning Analysis & Trade. It comes with three basic features that are needed to invest in stocks and commodities. The backend technology behind ANY is Omnesys NEST. Some of the major features of ANT are customized trading strategies, advanced charts, superior speed, historical data, technical indicators, and enhanced accessibility etc. The application's mobile version, ANT Mobi, enables users to analyze and trade different financial instruments at NSE, BSE, and MCX. The app features easy-to-use tools, real-time market information, market analysis, quick order placement, etc.

On the other hand, Motilal Oswal also offers a wide range of trading platforms to its users including desktop application, web portal, and mobile application. The desktop application, Trade Station EXE, has features like quick funds transfer, advanced charting, customized watchlists, order slicing, shortcut keys, etc. It also provides algo trading tool that utilizes advanced technologies to enable automatic trading. Motilal Oswal mobile trading app has various features like robo advisory, advanced charting, mutual funds investment, SIP investments, real-time quote streaming, currency trading, etc.

Motilal Oswal vs. Groww – Comparison of Trading Features

Now, let's look at some of the major trading features offered by Motilal Oswal and Groww.

  • Wishlist: If you wish to monitor a company's stock or a digital commodity, you just need to it to your Wishlist for close monitoring.

  • Real-Time Updates: Get timely updates on market trends, stock prices, and other details with this feature.

  • Portfolio Details A portfolio refers to a detailed snapshot of your investments, including stocks, bonds, commodities, and more, all in one place.

  • Online MF Buy: This facility allows you to buy or sell mutual funds (MF) right from the trading platform or mobile application.

  • Research Reports: The above feature offers you a comprehensive overview of different stocks and sectors in the stock market.

  • Global indices: It provides real-time data on all leading global stock market indices such as Sensex and Nifty.

  • Customized Recommendations: Given your investment objectives, trading behavioral patterns, and other factors, this feature let you get personalized investment suggestions.

  • Stock tips: Get valuable tips on which stocks to buy, hold, or sell centered on market trends to generate profit.

  • Interactive charts: The chart enables you to see the variation in price movements of any individual stock or digital commodity, which helps you better analyze when to buy or sell.

  • Live market: Get live updates on market movements and trends.

  • Multi Profile Management: Manage multiple trading profiles from a single account.

  • Robust & Secure Platform: This feature ensures a secure trading environment with next-gen security features that would not put your money, security, or data at risk.

Motilal Oswal vs Groww - A Comprehensive Comparison of Trading Features

Trading Features Motilal Oswal Groww
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes Yes
Research Reports Yes No
Global indices Yes No
Customised Recommendations Yes No
Stock tips Yes No
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management Yes NO
Robust & Secure Platform Yes Yes

Motilal Oswal vs. Groww – Comparison of offer

A majority of stockbrokers offer several types of discounts and additional offers to both existing and potential clients. Let’s look at them.

Free Account Opening and Maintenance (AMC) - By doing away with the outdated paper method, a Demat (dematerialization account) enables you to retain your shares in digital form. The National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), where depositors (brokers) place the securities, are governed by the Indian government.

They can now hold securities in electronic form, such as stocks, commodities, bonds, and exchange-traded funds (ETFs), thanks to the establishment of depository types like the CDSL and the NSDL. CDSL depository participants (DPs) include the brokers Motilal Oswal and Groww. When opening an account with the brokers, there are no demat fees.

However, once your demat account is opened, additional fees are assessed, including stamp duty, government fees, broker fees for each trade, and AMC (account maintenance fees), among others. Thankfully, there are no fees associated with the AMC. For the other brokerage fees, see 'Compare the Brokerage of Motilal Oswal with Groww'.

  • Free Brokerage: You can make a few trades using the aforementioned option without paying brokerage fees. This option is available through both Motilal Oswal and Groww brokerages, however it is restricted to particular trades.

  • Flat Brokerage: In contrast to the free brokerage charge, the flat brokerage charge levies a set fee irrespective of the volume of trades. This option is available through both brokerage firms, Motilal Oswal and Groww.

  • Flexible Brokerage Plans: Each broker provides a variety of brokerage plans, each with unique advantages. Depending on your unique trading requirements, you can select one. Groww offers this option, while Motilal Oswal does not.

  • Happy Trading Hours: Happy Trading Hours is where you can trade at reduced or zero trading fees at particular hours during the day. Both brokerage companies, Motilal Oswal and Groww, do not offer this option.

  • Free Delivery Trading: The above option lets you buy and hold your security without paying brokerage charges. While Motilal Oswal does provide this option, Groww does not.

  • Free Intraday Trading: Buying and selling your security during the same business day, generally from 9:15 a.m. to 3:30 p.m., is considered an intraday trade. Both brokerage companies, Motilal Oswal and Groww, do not offer this option.

  • Free F&O Trading: The above option allows you to participate in future and option trades without paying brokerage charges. However, neither the brokerage company Motilal Oswal nor Groww offers this option.

  • Free Research Reports: The above option offers you a detailed analysis of various stocks and sectors in the financial markets at no additional cost. However, neither the brokerage company Motilal Oswal nor Groww provides this option.

  • Free Trading Calls: It offers you trading signals or suggestions at no additional cost. However, neither the brokerage company Motilal Oswal nor Groww provides this option.

  • Referral Offers: Going by its name, referring your friend or family to the platform would benefit you. While Motilal Oswal gives Upto Rs.500 per Client, Groww gives Rs.300 per Client.

Motilal Oswal vs Groww - A Comparison of Latest Offers

Offers Motilal Oswal Groww
Free Account Opening Yes Yes
Free AMC 1st Year Free Yes
Free Brokerage No No
Flat Brokerage No Yes
Flexible Brokerage Plans Yes No
Happy Trading Hours No No
Free Delivery Trading No No
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports Yes No
Free Trading calls Yes No
Referral Offers Upto Rs.500 per Client Rs.300 per Client
Margin Funding / Pledging Yes Yes
Brokerage Cashback Yes No
Zero Brokerage for Loss Making Trades No No

Offered Products Comparison of Groww vs. Motilal Oswal

When it comes to choosing a discount broker, it is necessary to look at different types of products offered by the Motilal Oswal and Groww.

Below is a table that highlights the products offered by the stockbrokers.

Motilal Oswal vs Groww – A Complete Comparison of Products

Products Provided Motilal Oswal Groww
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option Yes No
Commodity Future Yes No
Currency Option Yes No
Currency Future Yes No
Foreign Stocks Yes No
Mutual Funds Yes Yes
Banking No No
Insurance No No
Corporate Bonds Yes No
Govt. Bonds Yes No
Digital Gold Yes No
  • Equity Delivery: When the stock is allotted to your Demat account and it resides there for months or years before you choose to sell, it is called a delivery trade.

  • Equity Intraday: If you buy and sell your share (equity) within same business day, typically between 9:15 a.m. and 3:30 p.m. Then, it is called an intraday trade. Both discount brokers offer this product.

  • Equity Option: It refers to buying or selling a particular no. of shares (equity) at a particular date at pre-set price, it is called the strike price.

  • Equity Future: Purchasing or disposing of stock at a predetermined time, price, and quantity.

  • Commodity Option: Commodity options, which include raw materials or primary agricultural goods like gold, silver, or oil, entail the purchase or sale of a predetermined quantity of units on a predetermined date at a predetermined price, known as the strike price, within a predetermined time frame.

  • Commodity Future: Buying or disposing of digital commodities (such as agricultural goods or raw materials like gold, silver, or oil) at a predetermined time, price, and quantity in the future.

  • Currency Option: As the name implies, this option entails purchasing or disposing of currency (foreign exchange) at a given time, price, and quantity in the future.

  • Currency Future: Currency options (foreign exchange) entail the purchase or sale of multiple units on a given date at a predetermined price, known as the strike price, within a given time frame.

  • Foreign Stocks: Trading international equities while seated in India. To trade equities like Apple, Google, and others in India, for example, you could trade stocks from the USA.

  • Mutual Funds: Mutual funds (MF) combine your money with that of a number of other investors who share your interests in order to buy stocks, bonds, and other securities. The mutual fund aims to lower risk and diversify your investments.

Offered Services Comparison of Motilal Oswal vs. Groww

Now, let’s look at some of the major services offered by Motilal Oswal and Groww.

Motilal Oswal vs Groww – An In-Depth Comparison of Services Offered

Services Provided Motilal Oswal Groww
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes Yes
3 in 1 Account No No
Stock Research Yes No
Stock Recommendations Yes No
Trading Institution No No
Share Pledging Yes Yes
PMS or PCG Yes No
NRI Services Yes No
  • Demat Services: A Demat account is used to buy, hold and sell securities. Both brokerage companies, Motilal Oswal and Groww, offer Demat services.

  • Trading Services: Both brokerage companies, Motilal Oswal and Groww, provide this service.

  • Intraday Services: Both discount brokers, Motilal Oswal and Motilal Oswal, offer intraday trading services.

  • F&O Services: This option is available from both Motilal Oswal and Groww brokerages.

  • IPO Services: This option is available from both Motilal Oswal and Groww brokerages.

  • 3-in-1 account: This type of account is inclusive of a banking, demat, and trading account. Both Motilal Oswal and Motilal Oswal don't have this service.

  • Stock Research: Motilal Oswal and Groww do not provide this service.

  • Stock Recommendations: Both, Motilal Oswal and Groww do not offer this option.

  • Trading Institution: This option is available from both Motilal Oswal and Groww brokerage companies.

  • Share Pledging: You can pledge your previously purchased shares to purchase the new shares if you wish to purchase shares but do not want to make an additional financial commitment. This option is available from both Groww and Motilal Oswal brokerages.

  • PMS or PCG: Portfolio Management Services (PMS) or Private Client Group (PCG) provide tailored investment recommendations according to your requirements.

  • NRI Services: Non-Resident Indians (NRIs) can trade in the Indian market with the assistance of certain brokers. Nevertheless, Motilal Oswal and Groww do not offer this choice.

Stock Advisory Service Comparison of Motilal Oswal vs. Groww

Stock advisory is one of the prominent services offered by different stockbrokers. One major objective behind offering these services to help traders and investors in selecting the most appropriate stocks for trading or investment.

In the world of investing, stock advisory is provided by offering several other elements related to different stocks. These include company reports, research reports, fundamental reports, stock tips, IPO reports, annual reports, technical reports, daily top stock picks, daily market review, monthly review, weekly review. You can refer to the following table to determine what advisory product is provided by Motilal Oswal and Groww.

Motilal Oswal and Groww - A Detailed Comparison of Advisory Services

Advisory Motilal Oswal Groww
Fundamental Reports Yes No
Research Reports Yes No
Company Reports Yes No
Annual Reports Yes No
IPO Reports Yes No
Technical Reports Yes No
Stock Tips Yes No
Daily Top Stock Picks Yes No
Daily Market Review Yes No
Monthly Review Yes No
Weekly Review Yes No
Relationship Manager Yes No
Robo Advisory No No

Exposure Comparison of Motilal Oswal vs. Motilal Oswal

Exposure can be stated as a proportion of an investment portfolio or in monetary terms. Regular exposure monitoring is crucial.

Let's find out the exposure provided by Motilal Oswal and Groww below.

Motilal Oswal and Groww - A Comprehensive Comparison of Trading Exposure

Exposure Motilal Oswal Groww
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Comparison of Programs by Motilal Oswal vs. Groww

There are more opportunities to profit from discussing and promoting Motilal Oswal & Groww, just like we did when we compared the Referral scheme in the first sections of this article. For example:

  • Sub-broker Program: You or your business may register as an agent of the broker, in this case Motilal Oswal or Groww, and conduct business (helping clients trade) under their supervision and registration.

  • Partner Program: By becoming a partner, you can earn commissions for generating leads and helping with marketing.

  • Referral Program: As the name implies, you would gain from introducing your loved ones to the website.

Motilal Oswal vs Groww - A Comparative Analysis of Programs

Programs Motilal Oswal Groww
Sub Broker Program Yes Yes, Limited
Partner Program Yes Yes
Referral Program Yes Yes

Customer Support Comparison of Motilal Oswal vs. Groww

Customer service is the foundation of any company. Any customer can become a devoted, long-term client thanks to it.

Below is a table highlighting the customer services offered by Motilal Oswal and Groww.

Motilal Oswal and Groww - A Comprehensive Comparison of Customer Support Services

Customer Support Motilal Oswal Groww
Trading Support Available, Free NA
Dedicated Dealer Available, Free NA
Call Support 022-40548000, 022-67490600 9108800604
Email Support query@motilaloswal.com support@groww.in
Whatsapp Support 8657075050 NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link Telegram Support Link
Branches / Offices Available NA

Ratings – Motilal Oswal vs. Groww

Examine and contrast all of the factors in detail, including the goods and services provided by Motilal Oswal & Groww and other brokers.

Here is how we have evaluated them:

Motilal Oswal vs Groww – Ratings Comparison and Insights

Ratings Motilal Oswal Groww
Overall Rating 9.17 / 10 9.75 / 10
Customer Support 9.13 / 10 9.71 / 10
Technology 9.28 / 10 9.87 / 10
Charges 9.21 / 10 9.79 / 10
Products & Service 9.12 / 10 9.69 / 10
Experience 9.10 / 10 9.67 / 10

Complaints – Motilal Oswal vs. Groww

The Securities and Exchange Board of India (SEBI), BSE, and NSE, in their capacity as regulators, constantly guarantee the security of investors by examining the operations of all brokers. Brokers that commit misconduct or ignore client’s risk having their licenses revoked. This is a summary of every complaint that has been filed and settled.

Motilal Oswal & Groww - A Comparison of Customer Complaints

Complaints Motilal Oswal Groww
Total Complaints Lodged 348 181
Total Complaints Resolved 298 163
% of Resolved Complaints 85.63% 90.06%
Non Actionable Complaints 6 9
% of Non Actionable Complaints 1.72% 4.97%

Transaction Charges Comparison of Motilal Oswal vs. Groww

As its name implies, transaction charges are levied by the stockbroker for carrying out each transaction.

The following table highlights the transaction charges levied by Motilal Oswal and Groww.

Motilal Oswal vs Groww – A Detailed Comparison of Transaction Charges

Transaction Charges Motilal Oswal Groww
Equity Delivery 0.00340% (NSE) & As per Stock (BSE) 0.00325% (NSE) & 0.00375% (BSE)
Equity Intraday 0.00340% (NSE) & As per Stock (BSE) 0.00325% (NSE) & 0.00375% (BSE)
Equity Future 0.002% (NSE & BSE) 0.0019% (NSE & BSE)
Equity Option 0.053% (on premium) 0.05% (on premium)
Commodity Future 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) NA
Commodity Option 0.05% (Non Agri) NA
Currency Future 0.0009% (NSE) & 0.00022% (BSE) NA
Currency Option 0.035% (NSE) & 0.001% (BSE) NA

Pledge Charges Comparison of Motilal Oswal vs. Groww

  • Pledge Creation Fees: The broker charges pledge creation charges when a trader borrows money to trade bigger volumes and pledge your stocks as security.

  • Pledge Invocation Fees: If the borrower does not supply further securities within a certain time frame, the broker will charge pledge invocation fees when pledge shared are sold.

  • Interest on Margin Trading: Interest on the loan or the margin amount is owed while trading on margin.

Motilal Oswal & Groww - A Comprehensive Comparison of Pledge Charges

Pledge Charges Motilal Oswal Groww
Pledge Creation Charges Rs.35 per Request or 0.02% of Value (whichever is higher) Free
Pledge Invocation Charges Rs.35 per Request or 0.02% of Value (whichever is higher) Rs.20 per Request
Interest on Margin Trading 0.05% per day 0.045% per day

Hidden Charges Comparison of Motilal Oswal vs. Groww

Apart from the regular charges, different types of hidden charges may be levied by stockbrokers. They are:

  • SEBI Turnover Charges: All charges levied on the purchase or sale of stocks made through a stock exchange (BSE or NSE).

  • DP Charges: It refers to charges against the maintenance, administration and management of securities in your Demat account.

  • GST:The stockbroker transactions levy a Goods and Services Tax (GST) of 18%.

  • Account Closure Charges: The fees charged for closing any account, such as the checking, savings, or investment accounts.

  • Reactivation Charges: The standard fees and charges schedule highlights the fees for reinstating your services.

  • Dematerialization Charges: This amount is charged for transforming your physical shares and securities into digital or electronic versions.

  • Call & Trade Charges: The amount is charged for making transactions done on the client's behalf over the phone.

Motilal Oswal and Groww – A Detailed Comparison of Hidden Charges

Hidden Charge Motilal Oswal Groww
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.25 per Scrip only on Sell Rs.13.5 per Scrip only on Sell
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Rs.100 Free
Reactivation Charges Rs.50 Free
Dematerialisation Charges Rs.50 per Certificate Not Available
Call & Trade Charges Free Not Available

Compare Demat Charges of Motilal Oswal vs Groww

When finalizing a broker, the key is to compare their Demat charges. Here is a breakdown of the competitive rate charged by Motilal Oswal and Groww:

Motilal Oswal vs Groww - A Detailed Comparison of Demat Charges

Demat Charges Motilal Oswal Groww
Account Opening Charges Free Free
Annual Maintenance Charges (AMC) Rs.300 per Year (1st Year Free) Free

Motilal Oswal vs Groww – Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are transaction fees charged by the government of India irrespective of the broker. Hence, the cost is the same for all brokers in India, and the government sets it.

Motilal Oswal vs Groww – A Comparative Analysis of STT and CTT Charges

STT & CTT Motilal Oswal Groww
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future 0.01% on sell (Non-Agri) NA
Commodity Option 0.05% on sell NA
Currency Future Nil NA
Currency Option Nil NA

Compare Stamp Duty of Motilal Oswal and Groww

Stamp duty is a form of government tax in India. You incur a stamp duty when the broker issues, sells, or transfers security (like stocks, currency derivatives, and commodities). The government collects stamp duty on all securities at the end of the day.

Motilal Oswal and Groww - A Comparison of Stamp Duty Charges

Stamp Duty Motilal Oswal Groww
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future 0.002% on buy NA
Commodity Option 0.003% on buy NA
Currency Future 0.0001% on buy NA
Currency Option 0.0001% on buy NA

Frequently Asked Questions


Is Motilal Oswal better than Groww?
Like shoes, the same size does not fit all. Even if we consider brokerage charges, account opening fees, trading platforms, and more, your trading needs are your own, and you are the best person to decide on the best platform for you.

Is Groww better than Motilal Oswal?
Like shoes, the same size does not fit all. Even if we consider brokerage charges, account opening fees, trading platforms, and more, your trading needs are your own, and you are the best person to decide on the best platform for you.

Is Motilal Oswal cheaper than Groww?
As the name suggests, discount brokers already do charge the fees on the lower side. Go to the specific security you want to trade in the list above, and you will know the cheapest between the brokers, Motilal Oswal and Groww

Is Groww cheaper than Motilal Oswal?
As the name suggests, discount brokers already do charge the fees on the lower side. Go to the specific security you want to trade in the list above, and you will know the cheapest between the brokers, Motilal Oswal and Groww.

Which is better, Groww vs. Motilal Oswal?
Compare the brokers Motilal Oswal and Groww based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, and other parameters to find the best broker.

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