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

Find a Comparison of Zerodha vs Motilal Oswal here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Zerodha and Motilal Oswal.

Background

Year of Incorporation 2010 1987
Website https://zerodha.com https://www.motilaloswal.com/
Phone 080-4718-1888 022-40548085
Exchanges enabled NSE, BSE, MCX-SX & MCX NSE, BSE, MCX-SX, MCX & NCDEX
Demat (NSDL/CDSL) CDSL NSDL/CDSL
Brokerage

Equity Rs 0 on Delivery & Rs 20 on Intraday 0.02% for Intraday
Equity Futures Rs 20 or 0.03% (whichever is lower) per executed order 0.02% or Rs 20 per executed order
Equity Options Rs 20 per order Rs 20 per lot
Currency Futures Rs 20 or 0.03% (whichever is lower) per executed order Rs 20 per lot
Currency Options Rs 20 per order Rs 20 per lot
Commodity Rs 20 per order Rs 200 per lot
Account Opening Costs

Trading only Free Free
Trading & Demat Free Rs 0
Commodity Free Rs 0
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% on Turnover 0.00325% of Turnover
Futures 0.0021% on Contract Turnover 0.00200% of Turnover
Options 0.053% on Premium Turnover 0.051% of Premium Turnover
Commodities 0.0031% on Contract turnover 0.0025% of Turnover
AMC charge Rs 300/year Rs 199 (Free for 1st Year)
DP Transaction Charge Rs 13 per debit instruction Rs 30 or 0.025%
Offline order placing Charge Rs 20 per executed order Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 365 days on Zerodha Pi 3 Months - Pay Extra for Falcon
End of Day 10 years on Zerodha Pi 10 years - Pay Extra for Falcon
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 20x intraday Upto 10x
Equity Futures Upto 7x intraday leverage Upto 2x for Intraday
Equity Options Buying no leverage, Shorting upto 7x leverage intrdaday Upto 1x
Currency Futures 2x intraday leverage Upto 2x Intraday
Currency Options Buying no leverage, Shorting upto 2x intraday leverage Upto 1x
Commodity 2.5x intraday leverage Upto 2x Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 2.4 Crores Rs 87.3 Crores
Profit after Tax FY12/13 Rs 5.8 Crores Rs 89.0 Crores
Profit after Tax FY13/14 Rs 10.27 Crores Rs 98.4 Crores
Profit after Tax FY 14/15 Rs 10.58 Crores Rs 105.53 Crores
Profit after Tax FY 15/16 Rs 10.99 Crores Rs 128.58 Crores
Profit after Tax FY 16/17 Rs 11.02 Crores Rs 133.73 Crores
Profit after Tax FY 17/18 Rs 11.36 Crores Rs 141.01 Crores
Profit after Tax FY 18/19 Rs 11.75 Crores Rs 147.91 Crores
Profit after Tax FY 19/20 Rs 11.98 Crores Rs 156.42 Crores
Profit after Tax FY 20/21 Rs 12.13 Crores Rs 160.36 Crores
Profit after Tax FY 21/22 Rs 12.38 Crores Rs 163.10 Crores
Profit after Tax FY 22/23 Rs 12.87 Crores Rs 175.54 Crores
Debt FY11/12 0 Rs 26.9 Crores
Debt FY12/13 0 Rs 32.9 Crores
Debt FY13/14 0 Rs 36.08 Crores
Debt FY14/15 Rs 4.45 Crores Rs 41.01 Crores
Debt FY15/16 Rs 4.88 Crores Rs 49.56 Crores
Debt FY16/17 Rs 5.22 Crores Rs 50.46 Crores
Debt FY17/18 Rs 5.68 Crores Rs 58.41 Crores
Debt FY18/19 Rs 6.25 Crores Rs 62.54 Crores
Debt FY19/20 Rs 5.87 Crores Rs 79.69 Crores
Debt FY20/21 Rs 6.11 Crores Rs 84.16 Crores
Debt FY21/22 Rs 6.47 Crores Rs 87.40 Crores
Debt FY22/23 Rs 6.98 Crores Rs 92.93 Crores
Profit to Equity(%) FY11/12 19% 15.88%
Profit to Equity(%) FY12/13 24% 13.28%
Profit to Equity(%) FY13/14 21% 15.72%
Profit to Equity(%) FY14/15 21% 13.04%
Profit to Equity(%) FY15/16 23% 18.27%
Profit to Equity(%) FY16/17 26% 16.61%
Profit to Equity(%) FY17/18 28% 15.84%
Profit to Equity(%) FY18/19 29% 17.07%
Profit to Equity(%) FY19/20 33% 18.99%
Profit to Equity(%) FY20/21 36% 19.15%
Profit to Equity(%) FY21/22 38% 20.64%
Profit to Equity(%) FY22/23 39% 25.51%
Balance Sheet Size FY11/12 Rs 25.4 Crores Rs 997 Crores
Balance Sheet Size FY12/13 Rs 64.5 Crores Rs 1277 Crores
Balance Sheet Size FY13/14 Rs 111.1 Crores Rs 1353 Crores
Balance Sheet Size FY14/15 Rs 112.18 Crores Rs 1524.18 Crores
Balance Sheet Size FY15/16 Rs 112.98 Crores Rs 1778.76 Crores
Balance Sheet Size FY16/17 Rs 113.44 Crores Rs 1884.24 Crores
Balance Sheet Size FY17/18 Rs 114.87 Crores Rs 2122.23 Crores
Balance Sheet Size FY18/19 Rs 116.55 Crores Rs 2235.65 Crores
Balance Sheet Size FY19/20 Rs 119.22 Crores Rs 2346.16 Crores
Balance Sheet Size FY20/21 Rs 120.63 Crores Rs 2393.71 Crores
Balance Sheet Size FY21/22 Rs 121.16 Crores Rs 2641.88 Crores
Balance Sheet Size FY22/23 Rs 122.10 Crores Rs 2679.30 Crores

Comparison Link:

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Frequently Asked Questions

Is Zerodha better than Motilal Oswal ?

Zerodha and Motilal Oswal are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Motilal Oswal better than Zerodha ?

Zerodha and Motilal Oswal are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Zerodha cheaper than Motilal Oswal ?

Zerodha and Motilal Oswal are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Motilal Oswal cheaper than Zerodha ?

Zerodha and Motilal Oswal are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Zerodha vs. Motilal Oswal ?

To find out the better of the two stockbrokers Zerodha and Motilal Oswal, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.