| Basic Details | - •Broker Type: Full-service broker
- •Founded: 1987
| - •Broker Type: Discount broker
- •Founded: 2010
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| Charges & AMC | - •Account opening and first-year concessions are frequently offered in campaigns.
- •Account administration charge may apply (listed in source as Rs 199).
| - •Trading and Demat Account Opening: Rs 0
- •Trading AMC: Rs 0
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| Brokerage | - •Equity Delivery: 0.20%
- •Equity Intraday: Lifetime free highlighted in plan communication
| - •Equity Delivery: Rs 0
- •Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)
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| Other Charges | - •Statutory and exchange charges apply separately.
- •Negotiated brokerage may be available for higher volume clients.
| - •Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty.
- •DP and depository-side transactional charges apply for applicable sell-side delivery flows.
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| Leverage (Margin) | - •Equity intraday margin up to around 5x referenced.
- •F&O margins generally around exchange-required levels.
| - •Intraday leverage can go up to around 20x in selected contexts.
- •Margin remains subject to segment-wise risk and exchange rules.
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| Features | - •35+ years legacy and strong research franchise.
- •Personal advisory and curated portfolios.
| - •Market-leading client base and volume share.
- •Transparent flat-fee pricing model.
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| Trading Platforms | - •MO Investor App
- •MO Trader App
| - •Zerodha Kite (web and mobile)
- •Coin (mutual funds)
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| Reviews & Ratings | - •Rating snapshot in source includes low-to-moderate category scores (overall shown near 2.2/5).
| - •Widely regarded as one of the top discount brokers in India.
- •In this extract, no single combined numeric rating table is displayed.
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| Investment Options | - •Equity, derivatives, commodity, currency
- •Mutual funds, IPO, insurance, fixed income
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| Order Types Offered | - •Standard delivery/intraday/F&O order flows
- •Platform support for investor and trader-specific execution styles
| - •Standard market, limit, and intraday order flows
- •Derivatives execution and strategy-linked tools via ecosystem partners
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| Suitable For (Investor Type) | - •Investors who value research and advisory depth.
- •Users seeking broad product coverage including curated baskets.
| - •Investors seeking transparent low brokerage and direct MF investing.
- •Active traders preferring robust charting/tool ecosystem.
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| Pros and Cons | - •Pros:
- •Deep research-led ecosystem and long market presence.
| - •Pros:
- •Zero delivery brokerage and low flat intraday/F&O fees.
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