Groww₹20 per order on options · delivery ₹20 or 0.1%, whichever is lower (min ₹5)
- Options brokerage
- ₹20 per order
- Account opening
- ₹0
- Demat AMC
- ₹0
Broker comparison
Groww vs.
Motilal Oswal
Which broker fits your needs?
Platforms, products and fees side by side.
Checked on Thu, 5 Nov, 2026
See comparisonGroww
Motilal OswalVS
Summary
Your goal decides
With one lot per order, both charge ₹20 in options brokerage, and statutory charges such as STT are the same at both, so the choice comes down to delivery charges, AMC, platform and tools. Groww: India's largest broker by active clients; a simple app built for first-time investors. Motilal Oswal: Full-service broker that charges options brokerage per lot.
GrowwIndia's largest broker by active clients; a simple app built for first-time investors.
Motilal OswalFull-service broker that charges options brokerage per lot.
At a glance
The key differences
| Criterion | Groww | Motilal Oswal |
|---|---|---|
| Platforms | Groww App, Groww Web | MO Investor app, RIISE app, MO API |
| Product types | Indian Stocks, Mutual Funds, F&O, Digital Gold, Fixed Deposits | Indian Stocks, F&O, Commodities |
| Options trading | Yes: NSE and BSE index and stock options | Yes: NSE and BSE index and stock options |
| Fee model | ₹20 per order on options · delivery ₹20 or 0.1%, whichever is lower (min ₹5) | ₹20 per lot on options · delivery 0.20% |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹0 | ₹0 in year 1 (the later charge is not on the page we checked) |
| Regulation | SEBI INZ000301838 | SEBI INZ000158836 |
| More information | Details | Details |
Platforms
Groww
Groww App, Groww Web
Motilal Oswal
MO Investor app, RIISE app, MO API
Product types
Groww
Indian Stocks, Mutual Funds, F&O, Digital Gold, Fixed Deposits
Motilal Oswal
Indian Stocks, F&O, Commodities
Options trading
Groww
Yes: NSE and BSE index and stock options
Motilal Oswal
Yes: NSE and BSE index and stock options
Fee model
Groww
₹20 per order on options · delivery ₹20 or 0.1%, whichever is lower (min ₹5)
Motilal Oswal
₹20 per lot on options · delivery 0.20%
Account opening
Groww
₹0
Motilal Oswal
₹0
Demat AMC
Groww
₹0
Motilal Oswal
₹0 in year 1 (the later charge is not on the page we checked)
Regulation
Groww
SEBI INZ000301838
Motilal Oswal
SEBI INZ000158836
Product access and costs depend on market, account and permissions.
Detailed comparison
Comparing fees
Compare total costs, not just the order fee.
GrowwMotilal Oswal₹20 per lot on options · delivery 0.20%
- Options brokerage
- ₹20 per lot
- Account opening
- ₹0
- Demat AMC
- ₹0 in year 1 (the later charge is not on the page we checked)
The relevant costs depend on market, currency, order size and trading style.
Real costs
What 20 options trades a month cost
Groww
- Brokerage per order
- ₹20
- All charges, 20 round trips
- ₹1,252
- Per year
- ₹15,027
Motilal Oswal
- Brokerage per lot
- ₹20
- All charges, 20 round trips
- ₹1,252
- Per year
- ₹15,027
Illustrative: one Nifty lot (65) bought and sold at ₹100, 20 times a month, including STT, exchange charges, SEBI fee, stamp duty and GST. Use your own numbers.
Execution quality
Order type, venue and liquidity affect execution.
GrowwCheck the provider’s execution policy and available order types for your account.
Provider informationMotilal OswalCheck the provider’s execution policy and available order types for your account.
Provider informationProduct range
GrowwIndian StocksMutual FundsF&ODigital GoldFixed Deposits
Motilal OswalIndian StocksF&OCommodities
Categories come from broker profiles. Check specific markets and permissions before deciding.
Trading platforms
GrowwGroww App · Groww Web
Customisable option chain with orders placed directly from the chain, and a Greeks view. Basket mode on the option chain for building multi-leg positions such as spreads, straddles and hedges. Stop-loss, GTT and target orders for managing exits. Required margin is shown at the bottom of the order window before an order is placed. Groww Trade API with order placement, GTT/OCO orders and margin calls; live data and option chain APIs sit on a paid plan of ₹499 a month plus GST (or ₹4,999 a year).
Explore platformMotilal OswalMO Investor app, RIISE app, MO API
Full-service broker that charges options brokerage per lot.
Explore platformRegulation does not prevent market losses. The relevant authority depends on the contracting entity.
Your investor profile
Who might it suit?
GrowwIndia's largest broker by active clients; a simple app built for first-time investors.
- No account or AMC charges
- Very simple app
- Payoff view on the option chain
- Delivery trades are not free
- Fewer advanced tools for option sellers
Motilal OswalFull-service broker that charges options brokerage per lot.
- No account opening charge
- Strategy builder and option value calculator on its site
- Options brokerage is per lot, so orders of several lots cost more
- Percentage-based delivery brokerage
Your questions
Frequently asked questions
Is Groww or Motilal Oswal cheaper for options trading?
With one lot per order, both charge ₹20 in options brokerage. STT and other statutory charges are the same at every broker; differences are in delivery charges, AMC and tools.
Are Groww and Motilal Oswal regulated?
Both are SEBI-registered stock brokers and members of NSE and BSE.
Can I have accounts with both Groww and Motilal Oswal?
Yes. You can hold demat and trading accounts with more than one broker; each charges its own AMC.
Does the broker change STT or exchange charges?
No. STT (0.15% of premium on the sell side), exchange charges, the SEBI fee and stamp duty are the same at every broker. Only brokerage and account charges differ.
Your next step
Your next step
GrowwIndia's largest broker by active clients; a simple app built for first-time investors.
Open accountRead reviewMotilal OswalFull-service broker that charges options brokerage per lot.
Open account