The comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Motilal Oswal is known for its user-friendly trading experience and reliability, while Mirae Asset Sharekhan stands out for offering competitive brokerage rates and an advanced mobile trading platform. Hdfc Securities provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 10.2 Lakhs, 31 lakh, and 15 Lakhs users respectively, reflecting their popularity among investors. Overall, this comparison of Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveals significant differences in their offerings. Motilal Oswal provides 4 for Overall Rating, while Mirae Asset Sharekhan offers 4 and HDFC Securities features 4.
| Services / Features | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Full Service Broker | Full Service Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, MCX | NSE, BSE, MCX |
| Active Clients | 10.2 Lakhs | 31 lakh | 15 Lakhs |
| Broker Overview | Motilal Oswal Review | Mirae Asset Sharekhan Review | HDFC Securities Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveal significant differences in their offerings. Motilal Oswal provides N/A trading and demat account opening, while Mirae Asset Sharekhan offers N/A and HDFC Securities features Rs 999.
| Account Opening Charges and AMC | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| Trading Account Opening | — | — | Rs 999 |
| Trading AMC | — | — | — |
| Demat Account Opening | — | — | Rs 999 |
| Demat AMC | ₹199 per year | ₹400 | Rs 750 |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveals significant differences in their offerings. Motilal Oswal provides - plans, while Mirae Asset Sharekhan offers - and HDFC Securities features -.
| Brokerage Plans | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| Multiple Plans | - | - | - |
| Monthly Plans | - | - | - |
| Yearly Plans | - | - | - |
Brokerage Charges
This comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveals significant differences in their brokerage charges. Motilal Oswal charges 0.20% brokerage on equity delivery and intraday, 0.02% for futures, and ₹20 per lot for options. Mirae Asset Sharekhan charges 0.30% on trade price or minimum 1 paisa per share brokerage on equity delivery and intraday, 0.02% per transaction value (each side) for futures, and ₹39 per lot (each side) for options. HDFC Securities charges N/A brokerage on equity delivery and intraday, N/A for futures, and N/A for options.
| Brokerage Charges | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| Plan Name | - | - | - |
| Equity Delivery | 0.20% | 0.30% on trade price or minimum 1 paisa per share | |
| Equity Intraday | Rs 0 (Free for lifetime) | 0.02% on trade price or minimum 1 paisa per share | |
| Equity Futures | 0.02% | 0.02% per transaction value (each side) | |
| Equity Options | ₹20 per lot | ₹39 per lot (each side) | |
| Currency Futures | ₹20 per lot | 0.02% per transaction value (each side) | |
| Currency Options | ₹20 per lot | ₹5 per lot (each side) | |
| Commodity Futures | 0.02% | 0.10% (one side) | |
| Commodity Options | Rs 200 Per Lot | 1% on premium or ₹150, whichever is higher | |
| Hidden Charges | No | No | No |
| Call & Trade Charges | ₹25 + GST | NA | 0.025% or min Rs 25 or ceiling of 2.5% of transaction value (Both Buy & Sell) |
| Auto Square Off Charges | ₹25 + GST | ₹50 per order | 0.025% or min Rs 25 or ceiling of 2.5% of transaction value (Both Buy & Sell) |
| Brokerage Calculator |
Transactions Charges
This comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveals significant differences in their transactions. Motilal Oswal provides NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) for Transaction Charges Equity Delivery, while Mirae Asset Sharekhan offers NSE: 0.00297% | 0.00375% and HDFC Securities features NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side).
| Transactions Charges | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| Equity Delivery | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% | 0.00375% | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Intraday | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE: 0.00297% | 0.00375% | NSE Rs 297 per Cr (0.00297%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Futures | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 | NSE: 0.00173% | NSE Rs 173 per Cr (0.00173%) | BSE Rs 0 |
| Equity Options | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) | NSE: 0.03503% on Premium | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 325 per Cr (0.00325%) (on premium) |
| Currency Futures | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) | NSE: 0.00035% | NSE Rs 35 per Cr (0.00035%) | BSE Rs 45 per Cr (0.00045%) |
| Currency Options | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) | NSE: 0.0311% | NSE Rs 3110 per Cr (0.0311%) | BSE Rs 100 per Cr (0.001%) (on premium) |
| Commodity | — | 0.0418% | — |
Account Features
These are the notable distinctions in the account features of Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities when compared.
| Account Features | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| 3-in-1 Account | No | No | Yes |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | Yes | Yes | Yes |
| Online Demo | Yes | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | Yes | Yes | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | 3:20 PM |
| NRI Trading | Yes | Yes | Yes |
Trading Platforms
The trading platforms comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveals significant differences in their offerings. Motilal Oswal, Mirae Asset Sharekhan and HDFC Securities provide web trading platforms and mobile trading platforms.
| Trading Platforms | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Motilal Oswal | Sharekhan | HDFC Securities |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Yes | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Download | Sharekhan IOS App | Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Zero | Nil | Nil |
Broker Ratings
The broker ratings comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveals significant differences in their offerings. Motilal Oswal provides 4.3 for Fees Ratings, while Mirae Asset Sharekhan offers 4.3 and HDFC Securities features 4.3.
| Broker Ratings | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| Fees Ratings | 4.3 | 4.3 | 4.3 |
| Trading Brokerage Rating | 4.3 | 4.3 | 3.9 |
| Trading Platform Usability | 4.3 | 4,3 | 4.0 |
| Customer Service Ratings | 4.3 | 4.2 | 4.3 |
| Overall Ratings | 4.3 | 4.3 | 4.2 |
Investment Offerings
This comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveals significant differences in their investment offerings. Motilal Oswal provides investment offerings in Yes, mutual funds and offers trades in currency and commodities, while Mirae Asset Sharekhan provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and HDFC Securities provides investment offerings in Yes, mutual funds and offers trades in currency and commodities.
| Investment Offerings | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | Yes | Yes | Yes |
| Commodity | Yes | Yes | Yes |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | No | Yes |
| Insurance | No | No | Yes |
| Forex | Yes | Yes | Yes |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | Yes | Yes | Yes |
| Other Investment Options | Yes | Yes | Yes |
Customer Support
The comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveals significant differences in their Customer Support. Motilal Oswal provides Yes, while Mirae Asset Sharekhan offers Yes and HDFC Securities features Yes.
| Customer Support | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| 24/7 Customer Service | Yes | Yes | Yes |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | Yes | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | 022 40548383 | - | Yes |
| Through Branches | — | Yes | Yes |
| Customer Care Number | +91 9769972825 | 02241683500 | 022-6246 5555 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Offline |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | https://www.motilaloswal.com/news | https://www.sharekhan.com/learn-and-grow | — |
| Head Office Address |
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai – 400025 |
Sharekhan Limited, 1st Floor, Tower No. 3, Equinox Business Park, LBS Marg, Off BKC, Kurla (West), Mumbai 400 070, Maharashtra, India. |
HDFC Securities Limited, |
| Website | https://www.motilaloswal.com/ | https://www.sharekhan.com/ | https://www.hdfcsec.com/ |
Research and Reports
The research and reports comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveals significant differences in their offerings.
| Research and Reports | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | Yes | Yes | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | No | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between Motilal Oswal, Mirae Asset Sharekhan, and HDFC Securities reveals significant differences in their demat account charges. Motilal Oswal provides CDSL & NSDL for DP Source, while Mirae Asset Sharekhan offers NSDL & CDSL and HDFC Securities features CDSL & NSDL.
| Demat Account Charges | Motilal Oswal | Mirae Asset Sharekhan | HDFC Securities |
|---|---|---|---|
| DP Source | CDSL & NSDL | NSDL & CDSL | CDSL & NSDL |
| DP ID | 16-2015 | NSDL - 300513 | CDSL - 12036000 | CDSL DP ID: 12086700 | NSDL DP ID: IN304279 |
| Demat Account Annual Maintenance Charges (AMC) | Rs 199 | ₹ 400 | Rs 750 |
| Advance Deposit | No | No | No |
| Transaction Charges on Debit (Per ISIN) | 0.025% or Rs 30 | - | — |
| Demat | Rs 100 per certificate + Rs 50 per certificate | ₹ 5 per share certificate (minimum ₹ 50 per request) | Rs 5 per certificate + Rs 35 per Dematerialisation request submitted |
| Remat | Rs 35 per certificate + 25 courier charges | ₹ 50 per certificate or ₹ 50 for every hundred securities | Rs 30 per request + CDSL actuals |
| Pledge Creation | Rs 35 or 0.02% | ₹ 20 per transaction | Nil |
| Pledge Creation Confirmation | Nil | NA | — |
| Pledge Closure | Rs 35 or 0.02% | ₹ 20 per transaction | — |
| Pledge Closure Confirmation | Nil | NA | — |
| Pledge Invocation | Rs 35 or 0.02% | ₹ 20 per transaction | — |
| Failed Instruction Charges | Nil | - | Nil |
| Other Charges | Demat Rejection: Rs 50 per request | - | — |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Motilal Oswal |
|
|
| Mirae Asset Sharekhan |
|
|
| HDFC Securities |
|
|
User Experience: Buying Stocks
Motilal Oswal – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is Rs 0 (Free for lifetime), and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.3/5.
Market Presence: Around 10.2 Lakhs active clients use this broker.
Mirae Asset Sharekhan – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is 0.02% on trade price or minimum 1 paisa per share, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.2/5.
Market Presence: Around 31 lakh active clients use this broker.
HDFC Securities – User Trading Experience
Account Opening Experience: Users benefit from a 3-in-1 integrated banking setup, making fund transfers seamless.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is competitive, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.3/5.
Market Presence: Around 15 Lakhs active clients use this broker.
Frequently Asked Questions
The account opening charges vary significantly: Motilal Oswal charges Not specified, Mirae Asset Sharekhan charges Not specified, and HDFC Securities charges Rs 999. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: Motilal Oswal offers Rs 0 (Free for lifetime) for equity intraday, Mirae Asset Sharekhan provides 0.02% on trade price or minimum 1 paisa per share, and HDFC Securities charges Not specified. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: Motilal Oswal offers 4, Mirae Asset Sharekhan provides 4, and HDFC Securities features 4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: Motilal Oswal has 4 support, Mirae Asset Sharekhan offers 4, and HDFC Securities provides 4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: Motilal Oswal with 4.3, Mirae Asset Sharekhan with 4,3, and HDFC Securities with 4.0. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: Motilal Oswal (Yes), Mirae Asset Sharekhan (Yes), and HDFC Securities (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: Motilal Oswal offers user-friendly platforms with educational resources, Mirae Asset Sharekhan provides competitive pricing with intuitive interfaces, and HDFC Securities combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: Motilal Oswal focuses on intuitive design and quick execution, Mirae Asset Sharekhan emphasizes advanced charting and analysis tools, while HDFC Securities balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
Stock Broker Review
Motilal Oswal
Mirae Asset Sharekhan
