MDirect Brokerage, AMC, Demat Charges-2018


Last Updated - 2018-05-16

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MDirect Brokerage Charges, AMC and Trading Charges and overview - MDirect, a Discount Broker providing customers trading across all segments augmented with research reports, daily newsletters through email or SMS at simple and inexpensive price.

Special Offer: First 5 orders Free, First year DP AMC Free, Free research

MDirect Trading account opening charges/AMC charges

Trading Account opening is onetime fee that MDirect charge while initiate your account opening process.Trading AMC(Annual maintenance Charges) is an annual fee charges by MDirect to maintain your account, this is annual charges and deduct from your account even if you haven't trade for a year.

MDirect Trading account opening & AMC charges
TransactionDurationFee
1.Trading Account Opening ChargesOne TimeRs 500
2.Trading Annual Maintenance Charges(AMC)Yearly FeeFree

MDirect Brokerage Charges

MDirect's Rs 18 Per Trader Plan - Flat Rs 18 Per Trader Plan.

MDirect Brokerage Charges - Rs 18 Per Trader Plan
TypeValueTypeValue
Brokerage PlanRs 18 Per Trader PlanFlat FeeNA
Equity DeliveryFlat Fee Rs 18Equity Intraday0.01% or Rs 18 whichever is lower
Equity Futures0.01% or Rs 18 whichever is lowerEquity OptionsFlat Fee Rs 18
Currency Futures0.01% or Rs 18 whichever is lowerCurrency OptionsFlat Fee Rs 18
CommodityFlat Fee Rs 18
Please refer unique and accurate MDirect Brokerage Calculator

MDirect Equity Trading Charges

MDirect Equity Trading Charges is the total trading cost that a client has to bear for trading in equity. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Transaction charges, STT or Securities transaction Charges, GST, Stamp Duty and SEBI Charges.There is differance in Equity Delivery,Equity Intraday,Equity Futures & Equity Options trading cost,please refer the details below:

MDirect Equity Trading Charges
TypeEquity DeliveryEquity Intraday
BrokerageBy PlanBy Plan
Transaction ChargesRs 325 Per CrRs 325 Per Cr
GST18 % on Brokerage and Transaction charges18 % on Brokerage and Transaction charges
SEBI Turnover Charges15 Rs/Crore15 Rs/Crore
STT0.01% on Both Side(Buy and Sell)0.025% on Sell
Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State

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MDirect Equity F&O Trading Charges

MDirect
TypeEquity FuturesEquity Options
BrokerageBy PlanBy Plan
Transaction ChargesRs 350 Per CrRs 8000 Per Cr
GST18 % on Brokerage and Transaction charges18 % on Brokerage and Transaction charges
SEBI Turnover Charges15 Rs/Crore15 Rs/Crore
STT0.01% on Sell0.017% on Sell
Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State

MDirect Currency Trading Charges

MDirect Currency Trading Charges is the total trading cost that a client has to bear for trading in Currency. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Transaction charges, STT or Securities transaction Charges, GST, Stamp Duty and SEBI Charges.There is differance in Currency Futures & Currency Options trading cost with MDirect,please refer the details below:

MDirect Currency Trading Charges
TypeCurrency FuturesCurrency Options
BrokerageBy PlanBy Plan
Transaction ChargesRs 215 Per CrRs 7000 Per Cr
GST18 % on Brokerage and Transaction charges18 % on Brokerage and Transaction charges
SEBI Turnover Charges15 Rs/Crore15 Rs/Crore
STTNo STTNo STT
Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State0.01% subject to a maximum of Rs 50 - Varies by State

MDirect Commodity Trading Charges

MDirect Commodity Trading Charges is the total trading cost that a client has to bear for trading in Commodity. It is calculated by sum up all the taxes and charges that is levied on top of your brokerage. The charges and taxes are Transaction charges, CTT or Securities transaction Charges, GST, Stamp Duty and SEBI Charges.

MDirect Commdity Trading Charges
TypeCommdity
BrokerageBy Plan
Transaction ChargesNon-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
GST18 % on Brokerage and Transaction charges
SEBI Turnover Charges15 Rs/Crore
STT/CTT0.01% on Sell
Stamp Duty*0.01% subject to a maximum of Rs 50 - Varies by State

MDirect Demat Charges

Demat Account opening is onetime fee that MDirect charge while initiate your demat account opening process. If you already have demat account, in that case you don't have to open again, instance you can link your trading account with your old demat account. Please check more details with MDirect's representative. Demat AMC (Annual maintenance Charges) is an annual fee charges by MDirect to maintain your demat account.

MDirect Demat Detail Charges
TypeDetails
1.DP Source
2.Demat Account Opening ChargesRs 200
3.Demat Account Annual Maintenance Charges(AMC)
4.Statutory Charges (Stamp Charges payable upfront)
5.Advance Deposit
6.Transaction Charges per ISIN (Market Trades)
Buy (Receive)Rs 0
Sell (Debit)
7.Demat & Remat Charges
Demat
Remat
8.Pledge Charges
Pledge Creation per ISIN
Pledge Creation Confirmation per ISIN
Pledge Closure per ISIN
Pledge Closure Confirmation per ISIN
Pledge Invocation per ISIN
9.Failed Instruction Charges
10.Other Charges Demat

Find information for MDirect demat account, MDirect demat account opening charges, MDirect demat charges, MDirect demat account opening, MDirect demat account charges, MDirect demat, MDirect demat account review and MDirect AMC charges.

Frequently Asked Questions about MDirect Trading plans and Account opening

MDirect Broker QnA (Frequently Asked Questions) - Get answer of all basic question on trading plan, account opening process, fees, charges, trading tool, performance and customer care.

FAQs

    Discount Broker - Fixed Brokerage Per transaction

    MDirect support trading at - BSE,NSE,MCX,NCDEX,MSEI.

    Equity (Delivery,Intraday,Future and Option),Commodity,Currency.

    MDirect charges Rs 500 to open account.

    Free

    Rs 200

    Rs 400 PA (Waived for 1st year)

    No,MDirect don't have monthly plans.

    No,MDirect don't have yearly plans.

    No, The company don't have minimum brokerage charges.

    Equity Delivery - Flat Fee Rs 18
    Equity Intraday - 0.01% or Rs 18 whichever is lower
    Equity Future - 0.01% or Rs 18 whichever is lower
    Equity Option - Flat Fee Rs 18
    Commodity - Flat Fee Rs 18
    Currency Derivatives (Future) - 0.01% or Rs 18 whichever is lower
    Currency Derivatives (Option) - Flat Fee Rs 18

Please refer unique and accurate MDirect Brokerage Calculator

    Equity Delivery - Rs 325 Per Cr
    Equity Intraday - Rs 325 Per Cr
    Equity Future - Rs 350 Per Cr
    Equity Option - Rs 8000 Per Cr
    Commodity - Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr
    Currency Derivatives (Future) - Rs 215 Per Cr
    Currency Derivatives (Option) - Rs 7000 Per Cr

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    No, Online IPO investment in not possible with MDirect. You need to use ASBA.

    No; you can't invest in Mutual Fund's with MDirect.

    No; you cannot trade in bonds and NCD's with MDirect.

One on One Comparison of MDirect with popular brokers in India

Comparison of All Brokers

    No; 3 in 1 accounts is not available with MDirect.

    Yes; MDirect offer automated trading to its retail trading customers.

    Yes; you can place 'After Trading Hours' Order with MDirect. The After Hour Sessions enable you to place orders even when the market is closed. The timings of the After Hour Order varies by broker to broker. Most brokers allows to place the AMO orders between 3:30 PM to 9:00 AM on trading day and 24 hrs on non trading day (weekends or trading holidays).

    Note: After hour facility for order placement may not be available certain segments. Please check with the broker for more detail about this service.

    No; Margin funding is not available when trading with MDirect.

    No; combined ledger for Equity and Commodity is not available when trading with MDirect.

    3:15 pm

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