Introduction:
Both of these companies are famous for their trading facilities and services. They provide a great customer support to thrie customers. A trader should go through a detailed relative study of SMC Global vs Motilal Oswal to choose one of them.
One of the oldest & trusted brokers of India, SMC Global, has a PAN India presence with millions of customers. It offers various products, trading platforms, charges, etc. to its customer.
On the other hand, full-service broker Motilal Oswal Securities Ltd is a subsidiary of Motilal Oswal Financial Service Ltd. It is also a full-service brokerage house with more than 2200 branches in 500 cities of India.
Highlights:
SMC Global:
- It has the Marginal & NRI trading facility.
- Research & advisory support is available here.
- Insurance options available as other investment.
- Doesn’t have of 3-in-1 account.
- Mobile trading is not available for NSE.
Motilal Oswal:
- Offers a paperless account opening facility with Aadhaar details.
- Open access to numerous market research bulletins.
- All range of wealth management products is available.
- Don’t have a minimum brokerage charge.
- Margin funding facility available.
Comparative Assessment of Service:
Here we have compared SMC Global & Motilal Oswal in light of the reviews made by their customers in public media. Details as per the table below:
| Rating out of 5 | SMC Global | Motilal Oswal |
| Overall Rating | ★★★ | ★★★ |
| Brokerage Charges | ★★★ | ★★★ |
| Trading Platform | ★★★ | ★★★ |
| Investments Offering | ★★★ | ★★★ |
| Customer Service | ★★★ | ★★★ |
| Broker Type | Full-service Broker | Full-service Broker |
| Exchanges Supported | NSE, BSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
Comparative Assessment of AOC & AMC:
SMC Global & Motilal Oswal are hereby compared based on AOC & AMC. Both offer DEMAT Account opening for free and free trading account AMC.
| Charges | SMC Global | Motilal Oswal |
| TRADING AOC | 1000 Rupees | 600 Rupees |
| Trading AMC | Free | Free |
| DEMAT AOC | Free | Free |
| DEMAT AMC | 300 Rupees/annum | 400 Rupees/annum |
| Provide DP Service | AVAILABLE | AVAILABLE |
Comparative Assessment of Brokerage Plan:
SMC Global doesn’t have any brokerage plan for the customer whereas Motilal Oswal only offers Multiple type brokerage plans to investors.
| Plan Types | SMC Global | Motilal Oswal |
| Multiple Plans | 🗶 | ✔ |
| Monthly Plans | 🗶 | 🗶 |
| Yearly Plans | 🗶 | 🗶 |
Comparative Assessment of Brokerage Fee:
Both SMC Global & Motilal Oswal offers percentage-based brokerage plan to their customer. There is no minimum brokerage for Motilal Oswal but SMC Global charges minimum brokerage. Details of comparison based on brokerage fee are mentioned below:
| Particulars | SMC Global | Motilal Oswal |
| Plan Name | Standard Trading Plan (Percentage Based) | Value Trading Plan (Percentage Based) |
| Equity Delivery | 0.3% or 30 paisa | 0.5% or 50 paisa |
| Equity Intraday | 0.03% or 3 paisa | 0.05% or 5 paisa |
| Equity Futures | 0.03% or 3 paisa | 0.05% or 5 paisa |
| Equity Options | INR.70 Per Lot | INR.70 Per Lot |
| Currency Futures | 0.03% or 3 paisa | 0.05% or 5 paisa |
| Currency Options | INR.20 Per Lot | INR.70 Per Lot |
| Commodity Trading | 0.03% or 3 paisa | 0.05% or 5 paisa |
| Minimum Brokerage | INR.25 per trade or 2.5% of the trade value whichever is lower | NIL |
| Hidden Charges | Info Not Available | No |
| Funding | Yes – 18% interest PA | Yes – 18% interest PA |
| Call & Trade Charges | Free | Info Not Available |
Also Read: Motilal Oswal Brokerage Calculator Online
Comparative Assessment of Transaction Fee:
SMC Global & Motilal Oswal both share a similar transaction fee (product wise) structure. The assessment is as per the below table:
| Particulars | SMC Global | Motilal Oswal |
| Equity Delivery | INR.325 Per Cr | INR.325 Per Cr |
| Equity Intraday | INR.325 Per Cr | INR.325 Per Cr |
| Equity Futures | INR.190 Per Cr | INR.190 Per Cr |
| Equity Options | INR.5000 Per Cr | INR.5000 Per Cr |
| Currency Futures | INR.110 Per Cr | INR.110 Per Cr |
| Currency Options | INR.4000 Per Cr | INR.4000 Per Cr |
| Commodity | Non-Agri: INR.260 Per Cr Agri: INR.175 Per Cr | Non-Agri: INR.260 Per Cr Agri: INR.175 Per Cr |
Comparative Assessment of Account Feature:
Assessing SMC Global & Motilal Oswal based on account feature we get the below-mentioned details:
| Particulars | SMC Global | Motilal Oswal |
| 3 in 1 Account | 🗶 | 🗶 |
| Charting | ✔ | ✔ |
| Algo Trading | ✔ | 🗶 |
| SMS Alerts | ✔ | ✔ |
| Online Demo | ✔ | ✔ |
| Online Portfolio | ✔ | ✔ |
| Margin Trading Funding Available | ✔ | ✔ |
| Combined Ledger for Equity and Commodity | ✔ | ✔ |
| Intraday Square-off Time | 3:15 PM | 3:15 PM |
| NRI Trading | ✔ | ✔ |
| Other Features | NIL | NIL |
Comparative Assessment of Trading Terminal:
In this age of digitization, brokers offer online & offline trading terminal to ease the trading experience. Here we assessed SMC Global & Motilal Oswal based on their respective trading terminal offering:
| Particulars | SMC Global | Motilal Oswal |
| Desktop Trading Platform | ODIN Diet | Orion Lite |
| Desktop Platform (Windows) | ✔ | ✔ |
| Desktop Platform (Mac) | 🗶 | 🗶 |
| Web Trading Platform | ✔ | ✔ |
| Web Trading Detail | trade.smcindiaonline.com/easytrade | power.motilaloswal.com/MOSL/userMaster/login |
| Mobile Site | ✔ | ✔ |
| Mobile Trading | ✔ | ✔ |
| Mobile Trading App | SMCEasyTrade | MO Trader |
| Android Mobile App | ✔ | ✔ |
| iPhone Mobile App (IOS) | ✔ | ✔ |
| Android Tablet App | ✔ | ✔ |
| iPad App (IOS) | ✔ | ✔ |
| Trading Software Charges | Free | Free |
Comparative Assessment of Investment Offering:
Assessing SMC Global & Motilal Oswal based on the products offering we can get the below-mentioned details:
| Particulars | SMC Global | Motilal Oswal |
| Equity Cash and F&O | ✔ | ✔ |
| Currency Derivatives | ✔ | ✔ |
| Commodity | ✔ | ✔ |
| Online IPO Application | 🗶 | 🗶 |
| Mutual Funds | ✔ | ✔ |
| Bond / NCD | ✔ | ✔ |
| ETF | ✔ | ✔ |
| Banking | 🗶 | 🗶 |
| Insurance | ✔ | ✔ |
| Forex | 🗶 | 🗶 |
| MF SIP Investment | ✔ | ✔ |
| Equity SIP Investment | 🗶 | 🗶 |
| PMS Service | ✔ | ✔ |
| Other Investment Options | Insurance | NIL |
Comparative Assessment of Leverage:
Considering the Leverage we can compare SMC Global & Motilal Oswal as below:
| Particulars | SMC Global | Motilal Oswal |
| Equity Delivery Margin | Maximum 3x leverage for equity delivery – through Margin Funding system. | Maximum 4x leverage for equity delivery – through Margin Funding method. |
| Equity Intraday Margin | Maximum 10x or 10% subject to Variable and ELM. | Maximum 10x or 10% subject to Variable and ELM. |
| Futures Margin | 1x or the particular SPAN + Leverage. | 1x or the particular SPAN + Leverage. |
| Options Margin | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
| Equity CO Margin | Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order. | Maximum 10x or 10% subject to Variable and ELM, no further leverage charges are included for Cover Order. |
| Futures CO Margin | 1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. | 1x or the particular SPAN + Exposure margin, No further leverage charges are included for Futures Cover Order. |
| Options CO Margin | 1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order. | 1x or the particular SPAN + Exposure margin (Selling a share) or Premium Margin (Buying a share), No further leverage charges are included for Options Cover Order. |
| Commodity Margin | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. | 1x or the particular SPAN + Exposure in Selling a share and Premium Margin in Buying a share. |
Also Read: Motilal Oswal Margin Calculator Online
Comparative Assessment of Customer Support:
Here we have compared SMC Global & Motilal Oswal in terms of their customer supportiveness.
| Particulars | SMC Global | Motilal Oswal |
| 24/7 Customer Service | 🗶 | 🗶 |
| Email Support | ✔ | ✔ |
| Online Live Chat | 🗶 | 🗶 |
| Phone Support | ✔ | ✔ |
| Toll-Free Number | ✔ | 🗶 |
| Through Branches | ✔ | ✔ |
| Customer Care Number | 91-11-66075200 | 91-22-39982515 / 67490600 |
| Account Opening Process | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] |
| Knowledge Centre/Education | smctradeonline.com/research/new-letters | motilaloswal.com/faq.aspx |
| Head Office Address | SMC Global Securities Ltd 11/6B, Shanti Chamber Pusa Road, New Delhi – 110005 | Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
| Website | www.smctradeonline.com | www.motilaloswal.com |
Comparative Assessment of DEMAT Account Feature:
Contrasting SMC Global & Motilal Oswal bases in DEMAT account feature offering we get this below-mentioned details:
| Particulars | SMC Global | Motilal Oswal |
| DP Source | CDSL | CDSL |
| DP ID | 19100 | 10900 |
| DEMAT AMC | INR.250 pa | YR081/YR082 /11UP front- Nil, YR083 — 700/-, YR084 –850/-, YR085 — 300/- YR086 — 450/-, Ebroking – 400, BSDA- Nil up to holding 50000/- or INR. 100/- up to holding 200000/-. |
| Advance Deposit | AMC will be charged in advance. | NIL |
| Statutory charges | Stamp Paper Charges | NIL |
| Transaction Charges on Debit (Per ISIN) | INR.12 | Within MOSL- YR081/82- 0.025 % or INR.30, YR083/84- 0.025 % or INR.20( MOSL PI is Free), YR085/86- 0.020 % OR INR.20, Eb- 0.020% or INR.20, 11Upfront- 0.015 % or INR.15, YR081/82- 0.04 % or INR.30, YR083/84/85/86-0.03 % or INR.30,Eb-0.03% or INR.30, 11Upfront-0.04% or INR.30, BSDA INR. 70/- or .07% which-ever is higher. |
| DEMAT | INR.3 per certificate + courier charges | INR.50/- per certificate + INR. 50/- per request in all the schemes. |
| REMAT | INR.20 for every hundred securities + courier charges | INR.35/- per certificate or 100 shares and part thereof whichever is higher + INR.25 courier charges and INR.25/- per REMAT of SOA/Redemption |
| Pledge Creation | INR.50 per instruction | INR. 35/- per request in all scheme |
| Pledge Creation Confirmation | INR.50 per instruction | Nil |
| Pledge Closure | INR.25 per instruction | INR. 35/- per request in all scheme |
| Pledge Closure Confirmation | INR.25 per instruction | Nil |
| Pledge Invocation | INR.25 per instruction | INR. 35/- per request in all scheme |
| Failed Instruction Charges | INR.20 | Nil |
| Other Charges | Nil | DEMAT Rejection INR. 50/- per req./- |
Also Read: SMC Global Margin Calculator Online
Conclusion:
Both SMC Global & Motilal Oswal are globally known names in the full-service broking industry. Based on the study, in terms of the trading platform, products, and customer supportiveness, SMC Global & Motilal Oswal are nearly similar in structure.
But there are some differences also, in terms of brokerage plan, minimum brokerage, etc. So, a particular investor must study all the offerings carefully before investing.
