Zerodha Vs Motilal Oswal comparison – Which is better?

Zerodha Vs Motilal Oswal – Comparison

Both Zerodha and Motilal Oswal offer various facilities and trading products to their traders. When an individual trader is going to choose one of them, then he needs to understand & analyze them relatively.

It will lead him to a better decision making ability. Here we have compared Zerodha vs Motilal Oswal to highlight the areas where the investor needs to know & analyze more. 

Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.

Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices. 

Motilal Oswal Securities Limited (MOSL), on the other hand, is a full-service broker & a subsidiary of Motilal Oswal Financial Service Ltd.

It is a renowned brokerage house with more than 2200 branches in 500 cities in India. They facilitate investment in gold in the plan namely Me-Gold, which is a digital gold investment platform.

Notable Points: 

Zerodha: 

1. Offers direct mutual fund investment using their portal for free. 
2. In association with IDFC, it provides 3-in-1 account facilities. 
3. The trading terminal is best among all the other market competitors.
4. It provides the best quality of customer support.
5. Facilitate free fund transfer using UPI.

Motilal Oswal:

1. Offers a paperless account opening facility with Aadhaar details.
2. Open access to numerous market research bulletins.
3. All range of wealth management products is available.
4. Don’t have a minimum brokerage charge. 
5. Margin funding facility available.

Comparison of Overall Company Details: 

Comparing Zerodha vs Motilal Oswal based on overall customer service we derived the below-mentioned details. Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.

Comparison on Customer Ratings:

Comparing Zerodha vs Motilal Oswal based on Customer Ratings we get this information.

Here we can see that regarding experience & research work, Motilal Oswal is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.

Zerodha Vs Motilal Oswal AOC & AMC: 

Here we have compared Zerodha vs Motilal Oswal based on account opening charge & account maintenance charge.

Here we can see from the below contrast that Motilal Oswal provides free AMC on trading accounts and zero cost account opening. Whereas, Zerodha provides free trading AMC and zero margin money criteria.

Zerodha Vs Motilal Oswal Brokerage Charge:

Comparing Zerodha vs Motilal Oswal based on Brokerage Charge we get the below details. Here we can see that Motilal Oswal offers a percentage based brokerage charge structure.

While Zerodha has a very economical flat fee-based brokerage charge. Motilal Oswal charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha.

Comparison on Administrative Charge: 

In terms of Administrative transactional charge, we here compared Zerodha vs Motilal Oswal as below.

We can see that both the broker share a similar charge structure except for the transaction charge segment. Zerodha has a lesser transaction charge than Motilal Oswal.

Comparison on Offers: 

Contrasting Zerodha & Motilal Oswal we get the below comparison on offers. We here can see that in terms of offers Motilal Oswal is a step ahead of Zerodha for offering more offers.

Comparison on Services Offered: 

Comparing Zerodha vs Motilal Oswal based on their service offering we derived the below comparison. So many different trading services are offered by these two broking organizations.

Comparison of Research & Advisory: 

Comparing Zerodha vs Motilal Oswal based on their research & advisory offering we received the below comparison. Here we can see in the below table that Motilal Oswal offers a lot more advisory support, where Zerodha doesn’t provide any.

Zerodha Vs Motilal Oswal Margin: 

Considering Zerodha vs Motilal Oswal based on product-wise leverage we get the below details. Almost all the margin charges are different in these trading companies.

Compare Products: 

Comparing Zerodha vs Motilal Oswal based on their product offering we derived the below comparison.

We can see in this below comparison that Motilal Oswal offered to trade in Mutual funds, SIP, & forex which Zerodha doesn’t. 

Zerodha Vs Motilal Oswal Trading Platforms: 

Because of the trading terminal offering of Zerodha vs  Motilal Oswal, we compared them as below. These different platforms can help the traders to access their trading account from different places.

Comparison on Customer Support: 

Comparing customer assistance, we here have compared Zerodha vs Motilal Oswal as below.

We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker). While Motilal Oswal doesn’t facilitate chat support.

Comparison of Grievances: 

Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Zerodha vs Motilal Oswal based on their customer complaint handling in the below table. 

Conclusion:

Finally, we can conclude that Motilal Oswal (full-service broker) has a huge offering for its customers. But Zerodha (discount broker) offers lower charges to its customers. Still, it should be kept in mind that individual investors should opt the broker between Zerodha and Motilal Oswal as per his need only.