Motilal Oswal Brokerage Plans have recently been reshuffled under the Motilal Oswal Value Pack. This pack can be subscribed by you at any given point in time through Motilal Oswal Orion Lite Software as well.
So if you are a demat account holder with Motilal Oswal or thinking of opening the same then you can update your brokerage plan easily using the software provided to you by the broker.
This Motilal Oswal Value pack has been designed for serious traders and investors who are:
Either looking for a high trade turnover amount
Or looking to regularly invest or trade in the stock market even with low turnover per trade
This Motilal Oswal pack is NOT suitable for:
Investors looking to invest once in a few months and stay invested in those stocks for a long duration
Basically, the Motilal Oswal Brokerage plans under this value pack require you to provide an upfront payment to the broker. There are multiple subscription options to choose from. Higher the initial payment you pay, lower is the brokerage levied on your trades across segments.
The idea is whatever brokerage is generated from your trades gets deducted from the initial payment you have paid.
It is like recharging your prepaid mobile connection where you pay the telecom company a specific amount and the call charges are deducted automatically.
The validity, in this case, is for a lifetime and stays with your account till you plan to change it yourself or close the account with Motilal Oswal.
If you choose not to opt for any plan or value pack, then the following are the brokerage charges you will be levied on your trades.
For instance, for Equity Delivery trades valued at ₹50,000 – then you will be paying a brokerage of ₹250 for that particular trade.
You may choose to use the Motilal Oswal Brokerage Calculator to understand the brokerage charges, other taxes and payments and your final profits from the trade. As far as the default brokerage values are concerned, here are the details:
Equity Options (Both Sides)
₹100 Per Lot
₹20 Per Lot
Motilal Oswal Equity Brokerage
For Equity trading at the Delivery level, these brokerage charges will be levied on your trades. For instance, if you have paid ₹10,000 upfront, then your delivery brokerage is reduced to half at 0.25%.
Intraday trading runs in high frequency in terms of the number of trades placed. Here choosing a larger subscription plan makes sense simply for the reason that your brokerage can be halved to even reduced to one-fourth of what you would have paid for the default brokerage plan.
Here is how the Motilal Oswal Brokerage plans are scattered in this segment:
As in the case of Intraday trading, Motilal Oswal trading charges go through the same reduction in the case of futures trading for Motilal Oswal.
Here are the details:
MOSL Value Pack
Upfront Fees (₹)
1st Leg MAX
2nd Leg Max
Minimum First Leg (Paise)
Minimum Second Leg (Paise)
Motilal Oswal Brokerage Plans Considerations
Finally, here are some of the aspects that you need to take care of while opting for any of these Motilal Oswal brokerage plans under the Value pack:
Depending on the upfront payment paid by you, the corresponding brokerage charges will be levied on your trades. It is suggested that you keep a close eye on the final amount deducted from your trades.
In order to activate the value pack, you need to may the payment either at the time of account opening or in case you are an existing client, then at the time of scheme activation. Once payment is confirmed, your account will be aligned to that particular brokerage plans.
You cannot change the plan until the brokerage amount paid is realized completely.
The renewal of the plan happens automatically in the background. Once the upfront paid amount is consumed completely, your account will be charged with the same amount from your trading account balance.
You can choose to change the plan once your amount is consumed completely by notifying Motilal Oswal Customer care or your account executive 7 days prior to the expiry of the plan.
You may choose to discontinue the plan by notifying the broker 7 days prior to the expiry of the plan. In case your amount is exhausted then there are no settlements to be done. The brokerage plan will then be shifted towards the default brokerage
If you choose to close the demat account with Motilal Oswal, then any unutilized brokerage amount will be reversed to your account. The broker, although, charges ₹500 as foreclosure charges from the client.
In case you are looking to get started with stock market trading or investments in general, let us assist you in taking the next steps forward:
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