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Mdirect Account Opening & AMC Charges

Mdirect charges for the opening of a trading account with them and is the one-time fee charged while initiating your account opening process. are annual maintenance charges for a demat account and would get deducted from your account even if you have not traded for a year by Mdirect to maintain your account.

Name Details
Trading Account Opening Fee -
Demat Account Opening Fee -
Demat Account AMC -
Trading Account AMC -
Mdirect Brokerage Charges

Please find below Mdirect Brokerage charges in their basic Plan.

Plan Name
Equity Delivery
Equity Intraday
Equity Future
Equity Options
Currency Futures
Currency Options
Monthly Fee
Margin Trading
Commodity Futures
Commodity Options
Mdirect Transaction Charges (Per Crore)

The Brokers in India charges Transaction / Turnover charges along with Brokerage on every order executed through the stock exchange. These charges differ by the stock exchange in which you trade and type of trades like delivery, intraday or F&O, etc. Mdirect Transaction charges are as per the below table:

Name Details
Equity Delivery -
Equity Intraday -
Equity Future * -
Equity Options * -
Currency Futures * -
Currency Options -
Commodity -
Mdirect Other Charges

A lot of other Charges are getting levied other than brokerage by Mdirect like minimum brokerage, call & Trade charges, Stamp duty, DP Charges, etc. A list of the same is in the below table.

Name Details
Minimum Brokerage -
Call & Trade -
Stamp Duty * -
DP Charges (on sell side) -
Other Miscellaneous Charges -
Mdirect Demat Account Charges

The charges on Demat account transactions are charged separately and over and above trading Brokerage. Find Mdirect demat account charges 2020.

Name Details
Depository Service Provider -
Account Opening Fee -
Advance Deposit -
Dematerialisation Charges -
Rematerialisation Charges -
Transaction Charges (Credit) -
Transaction Charges (debit) -
Pledge Creation Charges -
Pledge Creation Confirmation Charges -
Pledge Invocation Charges -
Failed Instruction Charges -
Other Charges -

Mdirect User Reviews

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