How to Use Motilal Oswal Brokerage Calculator?

As per the Economic Survey 2023-24, there are over 9.5 crore retail investors in the domestic stock market. In fact, they directly own ~10% of the market through investments in 2,500 listed companies.

With the increasing number of investors, more brokers are also entering the stock market.

According to SEBI's March 2022 statistics, there are more than 5,000 stock brokers in India, each offering different brokerage plans and charges. With such a wide range of brokers and their charges, understanding the trading cost can be challenging. This is where a brokerage calculator becomes helpful, as you can accurately calculate and compare the brokerage fees involved.  

And once you are familiar with these costs, making informed decisions for your next trading moves becomes easier. 

Let's get started understanding the exact charge of any transaction with one such brokerage calculator— the Motilal Oswal Brokerage Calculator!

Table of Contents:

1. Motilal Oswal Charges
2. Motilal Oswal Brokerage Charges
3. Motilal Oswal Brokerage Calculator
   1. For Equity Delivery
   2. For Equity Futures
   3. For Equity Options
4. Brokerage Comparison: Motilal Oswal vs Zerodha

Motilal Oswal is a full-service broker which offers account openings at zero fees. With over 9.5 lakh users, it provides extensive support for making informed decisions about its diverse investment options, including:

• Equity
• Mutual Funds
• IPO
• F&O
• Currency
• Commodity
• US Stocks

With its solid research team and availability across all asset classes, Motilal Oswal has been serving investors efficiently.

However, before you pick Motilal Oswal as your broker, understanding what the platform charges as a brokerage and how it is calculated is important. Let's begin with it!

Motilal Oswal Charges

Category	Charges
Account Opening Fee	₹0
Account Maintenance Charges (AMC)	₹199 (free for 1st year)

Motilal Oswal Brokerage Charges

Here's a summary of Motilal Oswal's trading charges for all transactions:

Category	Equity Delivery	Equity Futures	Equity Options
Brokerage	0.20%	0.02%	₹20
Exchange Charges	NSE: 0.00325%  BSE: 0.00375% (of turnover)	NSE: 0.00188% BSE: 0.00%  (of turnover)	NSE: 0.0495%  BSE: 0.0495%  (on options premium)
Security Transaction Tax (STT)	Buy: 0.1% Sell: 0.1% (of turnover)	0.02% (Sell)	0.1% (Sell)
SEBI Charges	0.0001% of turnover	0.0001% of turnover	0.0001% (on options premium)
GST	18% on Brokerage, SEBI and Exchange Charges	18% on Brokerage, SEBI and Exchange Charges	18% on Brokerage, SEBI and Exchange Charges
Contribution to IPFT	NSE: 0.0001% (of turnover)	NSE: 0.0001%	NSE: 0.0005%
Stamp Duty	0.015% (Buy)	0.002% (Buy)	0.003% (Buy)
Brokerage on expired contracts	NA	0.02% or ₹10 (whichever is lower)	₹10 per position

Motilal Oswal Brokerage Calculator

Apart from understanding brokerage charges, it's equally important to know how brokerage calculators work for various trades to accurately estimate the costs which you have to pay. This is what the Motilal Oswal Brokerage Calculator looks like:

Here are some examples to help you figure out the calculator better:

1. For Equity Delivery:

Suppose you are buying 100 shares as per the below details:

• Order Type: Delivery
• Exchange: NSE
• Quantity: 10 shares
• Buy Price: ₹1,000

Category	Charges
Brokerage Charges	₹20
STT	₹10
Transaction Charges	₹0.325
Stamp Duty	₹1.5
SEBI Turnover Fees	₹0.01
GST	₹3.66
Total Taxes & Charges	₹35.495
Net Buy Value	₹10,000
Total Debit	₹10,035.495

Let's understand these in detail:

Turnover	Quantity × Buy Price	10 x ₹1,000 = ₹10,000
Brokerage Charges	0.20% x Turnover	₹20
STT	0.1% x Turnover	₹10
Transaction Charges	0.00325% x Turnover	₹0.325
Stamp Duty	0.015% x Buy value	₹1.5
SEBI Turnover Fees	0.0001% x Turnover	₹0.01
GST	18% x (Brokerage + SEBI + Exchange Charges)	₹3.66
Total Taxes and Charges	The sum of all the above charges	₹35.495
Total Debit	Buy Value + Total Taxes and Charges	₹10,035.495

This is the method used by Motilal Oswal to calculate brokerage fees for equity delivery trades.

2. For Equity Futures:

Assuming that you are buying 20 shares. Other details are:

• Order Type: Futures
• Exchange: NSE
• Quantity: 20 shares
• Buy Price: ₹2,000

Category	Charges
Brokerage Charges	₹8
STT	NA (since it’s a buy transaction)
Transaction Charges	₹0.752
Stamp Duty	₹0.8
SEBI Turnover Fees	₹0.04
GST	₹1.58
Total Taxes & Charges	₹11.172
Net Buy Value	₹40,000
Total Debit	₹40,011.172

The charges are explained below in detail:

Turnover	Quantity × Buy Price	20 x ₹2,000 = ₹40,000
Brokerage Charges	0.02% x Turnover	₹8
Transaction Charges	0.00188% x Turnover	₹0.752
Stamp Duty	0.002% x Buy value	₹0.8
SEBI Turnover Fees	0.0001% x Turnover	₹0.04
GST	18% x (Brokerage + SEBI + Exchange Charges)	₹1.58
Total Taxes and Charges	The sum of all the above charges	₹11.172
Total Debit	Buy Value + Total Taxes and Charges	₹40,011.172

This is how Motilal Oswal calculates equity futures brokerage.

3. For Equity Options:

Now, let's consider that you're buying 30 shares. The other specifics are:

• Order Type: Options
• Exchange: NSE
• Quantity: 30 shares
• Buy Price: ₹3,000

Category	Charges
Brokerage Charges	₹20
STT	NA (since it’s a buy transaction)
Transaction Charges	₹44.55
Stamp Duty	₹2.7
SEBI Turnover Fees	₹0.09
GST	₹11.63
Total Taxes & Charges	₹78.97
Net Buy Value	₹40,000
Total Debit	₹90,078.97

A detailed breakdown of the charges is provided below:

Turnover	Quantity × Buy Price	30 x ₹3,000 = ₹90,000
Brokerage Charges	Fixed	₹20
Transaction Charges	0.0495%  x Turnover	₹44.55
Stamp Duty	0.003% x Buy value	₹2.7
SEBI Turnover Fees	0.0001% x Turnover	₹0.09
GST	18% x (Brokerage + SEBI + Exchange Charges)	₹11.63
Total Taxes and Charges	The sum of all the above charges	₹78.97
Total Debit	Buy Value + Total Taxes and Charges	₹90,078.97

That’s how Motilal Oswal determines brokerage for equity options transactions.

Brokerage Comparison: Motilal Oswal vs Zerodha

If you switch from one broker to another, your brokerage charges will change accordingly. To get a clear idea of these differences, imagine trading 10 shares in the equity delivery segment on both Motilal Oswal and Zerodha.

Assume you are buying these 10 shares at the buy price = ₹2,000 on the NSE exchange.

Total Turnover = Total Buy Value = ₹20,000 

Category	Motilal Oswal	Zerodha
Brokerage Charges	₹40	₹0
STT	0.1% on buy value = ₹20	0.1% x turnover = ₹20
Transaction Charges	0.00325% x turnover = ₹0.65	0.00297% of turnover = ₹0.594
Stamp Duty	0.015% on buy value = ₹3	0.015% on buy value = ₹3
SEBI Turnover Fees	0.0001% of turnover = ₹0.02	0.0001% of turnover = ₹0.02
GST	18% on brokerage + SEBI + transaction charges = ₹7.32	18% on brokerage + SEBI + transaction charges = ₹0.11
Total Charges	₹70.99	₹23.724

Motilal Oswal's brokerage charges are higher than Zerodha for the same transaction, which might make the latter the better option. 

However, brokerage fees are only one aspect of choosing a broker. It's important to evaluate all features and services, such as the trading platform, customer support, research tools, overall user experience, etc., before making a final decision.

Conclusion

Motilal Oswal is an all-in-one platform for investing across multiple asset classes, such as equity, derivatives, mutual funds, etc. The broker provides advanced tools and features that enable users to place orders with ease, analyse market trends, and receive timely stock price alerts. 

Additionally, Motilal Oswal's research team offers comprehensive support to traders to make informed decisions. The combination of advanced technology and personalised assistance makes it ideal for understanding the complexities of the stock market.

And now you have got a clear breakdown of how its brokerage calculator can help you know the costs before executing your trade.

Still curious about the fees Motilal Oswal will charge for your next trade? 
Visit the Motilal Oswal Brokerage Calculator on Finology Select! 

Knowing your trade details in depth, will ensure you confidently plan your next move in the investment path.

Read more on:

• How to Use Zerodha Brokerage Calculator?
• Motilal Oswal Review