Upstox Vs Motilal Oswal – Comparison:
Page Contents Table
The following comparative tables below are shown to compare Upstox vs Motilal Oswal. A systematic approach with data and analysis along with pros and cons are discussed for a thorough and better understanding for the investors to take the right decision whether to choose Upstox or Motilal Oswal.
Upstox is a stock broking company which provides different services in the financial sector and are popular for trading at a very low cost and at nominal charges along with the concept of a whole lot of features like paperless account opening,
free equity investment, unlimited plans to trade on a fixed price and much more.
A journey which was started by Motilal Oswal in the year 1987, as a Full-Service Broker came up with a whole lot of products and services in the financial industry and gained its popularity along with 6 times achiever of Financial Advisor Awards for Equity Broking.
The company is also engaged in a solid Research & Advisory system and Technology which helps its customers for smooth and easy trading.
Upstox Vs Motilal Oswal Overview:
Motilal Oswal as a Full-Service Broking firm was established by Motilal Oswal and Raamdeo Agarwal with its headquarter in Mumbai, India in the year 1987.
Upstox, on the other hand, is a Discount Broker that started in the year 2009, which was founded by Raghu Kumar, Ravi Kumar, and Shrinivas Vishvanath.
With a concept of an easy and cheaper way of trading along with paperless account opening, free equity investment, unlimited plans to trade on fixed price, etc.
Helped upstox to gain its popularity soon within a short period with a turnover of 4000 Cr. by early February 2016. Another factor of their speedy success was due to their strong backend support from notable and renowned stock traders like Ratan Tata, GVK Davis, and Capital Kalaari.
|Broker Category||Full-Service Broker||Discount Broker|
|Head office||Mumbai, India||Mumbai, India|
|Founded By||Ramdeo Agarwal||Raghu Kumar, |
Ravi Kumar &
Comparison on Customer Ratings:
In terms of customer ratings, Motilal Oswal exceeds scores of overall ratings then Upstox. It is also noticed that overall star ratings for Motilal Oswal are 4, and his 3 for Upstox.
|Customer Ratings||Motilal Oswal||Upstox|
|Experience||9.0 out of 10||5.3 out of 10|
|Products & Services||6.7 out of 10||6.5 out of 10|
|Brokerage Charges & Fees||6.4 out of 10||9.5 out of 10|
|Stock Research & Advisory||5.8 out of 10||3.0 out of 10|
|Trading Platforms||6.7 out of 10||6.5 out of 10|
|Overall Ratings||6.9 out of 10||6.2 out of 10|
Comparison on AMC & AOC:
When looking into the figures of AMC and AOC, we find that in most of the cases Motilal Oswal charges more as compared to Upstox. One noticeable point is, the margin money charged by Motilal Oswal is Rs.10,000 wherein, Upstox doesn’t charge any amount as Margin Money.
|Demat Services||Motilal Oswal||Upstox|
|Depository Participant||NSDL & CDSL||CDSL|
|Charges on Account Opening||Zero||Rs.150|
|AMC on Demat||Free or Rs.300 per Annum||Rs.150 per Annum|
|AMC on Trading||Free||Free|
|Marginal Money||Minimum Rs.10,000||Zero|
|Offline to Online||Yes||No|
Upstox Vs Motilal Oswal Brokerage Fee:
In the case of the brokerage fee, the interesting point to notice is, Upstox charges a nominal amount of Rs. 20 whereas, Motilal Oswal charges based on percentage.
|Brokerage Charge & Fees||Motilal Oswal Brokerage||Upstox Brokerage|
|Equity Delivery Trading||0.50%||Zero|
|Equity Intraday Trading||0.05%||Rs.20|
|Commodity Options Trading||0.05%||Rs.20|
|Equity Futures Trading||0.05%||Rs.20|
|Equity Options Trading||Rs.70 per Lot||Rs.20 per lot|
|Currency Futures Trading||0.05%||Rs.20|
|Currency Options Trading||Rs.70 per Lot||Rs.20 per lot|
|Minimum Brokerage||Percentage of Transaction||Rs.20|
|Demat AMC Charges||Free or Rs.300 per Annum||Rs.150 per annum|
|Trading AMC Charges||Free||Free|
|Margin Money||Minimum Rs.10,000||Zero|
Comparison on Administrative Charge:
In case of administrative charges, Motilal Oswal charges higher than that of Upstox.
|Other Charges||Motilal Oswal||Upstox|
|Transaction Charges||0.00335% of Total Turnover||0.00275% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)||18% of (Brokerage + Transaction Charges)|
Comparison of Offers & Discount:
Upstox doesn’t provide too many offers and discounts to its customers, while Motilal Oswal has more offers and discounts which day provide to its customers as compared to Upstox.
|Free Demat Account Services||✔||✖|
|Free Trading Account Services||✔||✔|
|Discount on Brokerage Services||✔||✔|
|Trading Happy Hours Services||✖||✖|
|Flexible Brokerage Plans Services||✔||✖|
|1 Month Brokerage Free Services||✔||✖|
|Holiday Offers Services||✖||✖|
|Referral Offers Services||✔||✖|
|Zero Brokerage for Loss Making Trades Services||✖||✖|
Comparison on Services Offered:
Well, services again are a feature of Motilal Oswal. Motilal Oswal offers more services to its customers than provided by Upstox.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 30x||Maximum 20x|
Upstox Vs Motilal Oswal Research & Advisory:
Looking at the below table it is surprising to see that Upstox is not at all involved in any kind of research and advisory prices for their clients.
While on the other hand, Motilal Oswal provides all possible types of research and advisory tips to its customers except Free Stock Tips.
|Research & Advisory||Motilal Oswal||Upstox|
|Fundamental Reports Services||✔||✖|
|Research Reports Services||✔||✖|
|Company Reports Services||✔||✖|
|Annual Reports Services||✔||✖|
|Company Stock Review Services||✔||✖|
|Free Stock Tips Services||✖||✖|
|IPO Reports Services||✔||✖|
|Top Picks Services Services||✔||✖|
|Daily Market Review Services||✔||✖|
|Monthly Reports Services||✔||✖|
|Weekly Reports Services||✔||✖|
|Offline Advisory Services||✔||✖|
|Relationship Manager Services||✔||✖|
Upstox Vs Motilal Oswal Margin/Leverage
Increase of Leverage both Upstox and Motilal Oswal are engaged in the process. However, we see that the maximum level for Motilal Oswal is higher in most cases except Equity Options.
|Exposure / Leverage||Motilal Oswal Margin||Upstox Margin|
|Equity Delivery||Maximum 15x||Maximum 5x|
|Equity Intraday||Maximum 30x||Maximum 20x|
|Equity Futures||Maximum 15x||Maximum 7x|
|Equity Options||Maximum 5x||Maximum 8x|
|Currency Futures||Maximum 15x||Maximum 5x|
|Currency Options||Maximum 12x||Maximum 6x|
|Commodities||Maximum 15x||Maximum 7x|
Comparison on Products Offering:
Undoubtedly, the product range and offerings of Motilal Oswal are much more than that of Upstox.
Upstox Vs Motilal Oswal Trading Platform:
Technological when we talk about trading platform both Upstox and Motilal Oswal are equal. The common thing that we find is that none of them provides the Windows app and other mobile OS platforms.
|Trading Platforms||Motilal Oswal||Upstox|
|Desktop Platform – Windows||✔||✔|
|Desktop Platform – Mac||✔||✔|
|Desktop Browser Platform||✔||✔|
|Mobile Site Platform||✔||✔|
|Android App Platform||✔||✔|
|iOS App Platform||✔||✔|
|Windows App Platform||✖||✖|
|Other Mobile OS Platform||✖||✖|
|Online MF Buy||✔||✔|
Comparison on Customer Support:
Another way to measure customer satisfaction is the rate at which grievances are handled. The below table gives a clear picture that the resolution rate of grievances handled in both BSE and NSE is higher of Motilal Oswal than that of Upstox.
|Customer Support||Motilal Oswal||Upstox|
|Support Number||1800 200 6626||022 – 6130 9999|
|Toll-Free Number||1800 200 6626||✖|
Comparison of Grievances Handled:
After looking at the entire picture so far, it can be very well concluded that choosing a broker depends on the investor’s actual need and the product they want to trade. The pros and cons are part of every business. It is only a proper study of the above facts and figures which will help to decide whether to choose Upstox or Motilal Oswal.
|Complaints (Current Year)||Motilal Oswal||Upstox|
|Lodged in BSE||178||185|
|Resolved in BSE||165||126|
|Lodged in NSE||145||175|
|Resolved in NSE||130||139|
It is clear from the above data and their analysis that, choosing the right service provider only depends on the product and services, an investor wants to trade with. Both Upstox and Motilal Oswal have the expertise, pros and cons and challenges of their own.
At the same time, each of them has happy and satisfied customers. It is only the investor, who has to decide whether they want to go with Upstox or Motilal Oswal after a thorough study.
Stockquantum was founded by Dharmendra Mukati in 2018. I am a Trader and Investor in the last 10 years.
I am writing here about stock broker review, broker comparison, IPO investment, Crypto currencies, technical analysis, fundamental analysis, sub brokership, mutual fund, personal finance, and our experiences.