Groww vs Mdirect (Compare Groww vs Mdirect)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Groww vs Mdirect, Below comparison of Groww vs Mdirect highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

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One on One comparison of Groww vs Mdirect is given below:

Groww

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Mdirect

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	Groww	Mdirect

About The Brokers	Groww : "Groww is one of India's fastest-growing platforms and undoubtedly the best platform for brokerage-free Direct mutual funds investment. They have a strong customer bas >>> more	Mdirect : >>> more
Find More Information about the Broker :	Groww : OVERVIEW BROKERAGE PRODUCTS & SERVICES	Mdirect : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	Groww : Discount Broker	Mdirect : Full Service Broker
Promo/offers	Groww : Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer	Mdirect : N/A
Advantage	Groww : Free research services No DP charges on buy & low brokerage. Commission Free mutual fund investment Free Demat & Trading account, No charges on account opening Zero Clearing Charges Zero Demat AMC Charges Option to invest online in digital gold.	Mdirect : NA
Disadvantage	Groww : No F&O Trading, Grow does not provide Options & Future Trading. Does not provide a 3in1 account facility. Does not provide commodity Trading Does not provide trading options: Bracket, GTT orders, etc does not provide Margin trading facilityc No Call and Trade services No Margin against shares Does not offer NRI Trading	Mdirect : NA
Why This	Groww : Groww charge Rs.20 per executed order or 0.05% of order value (whichever is lower) for delivery trade. Equity intraday trade at Rs. 20 or 0.05% (whichever is lower) Groww provides mutual funds investment at Zero Fees, No transaction charges, 100% paperless online Demat account opening 128 bit SSL Encryption Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost No DP charges on buy. Highly rated Groww mobile App Facility to invest in US Stocks	Mdirect : NA

Groww vs Mdirect Account Opening & AMC Charges

Groww Trading Account Opening Fee is ₹0 (Free) and - . Groww Demat Account AMC is ₹0 (Free) and - .

	Groww	Mdirect
Trading Account Opening Fee	Trading Account Opening Fee : ₹0 (Free)	Trading Account Opening Fee : -
Demat Account Opening Fee	Demat Account Opening Fee : ₹0 (Free)	Demat Account Opening Fee : -
Demat Account AMC	Demat Account AMC : ₹0 (Free)	Demat Account AMC : -
Trading Account AMC	Trading Account AMC : ₹0 (Free)	Trading Account AMC : -

Groww vs Mdirect Brokerage Charges

Groww Brokerage Charges Equity Delivery is Rs.20 per executed order or 0.05% of order value and Equity Intraday is Rs.20 per executed order or 0.05% of order value and Equity Options is Flat Rs.20 per Trade . Mdirect Brokerage Charges

	Groww		Mdirect
Plan Name	Plan Name : Standard Plan	Plan Name : Basic Plan	-
Equity Delivery	Equity Delivery : Rs.20 per executed order or 0.05% of order value	Equity Delivery : Rs.20 per executed order or 0.05% of order value	-
Equity Intraday	Equity Intraday : -	Equity Intraday : Rs.20 per executed order or 0.05% of order value	-
Equity Future	Equity Future : -	Equity Future : Flat Rs.20 per Trade	-
Equity Options	Equity Options : -	Equity Options : Flat Rs.20 per Trade	-
Currency Futures	Currency Futures : -	Currency Futures : Trade Not Available	-
Currency Options	Currency Options : -	Currency Options : Trade Not Available	-
Monthly Fee	Monthly Fee : -	Monthly Fee : NA	-
Margin Trading	Margin Trading : -	Margin Trading : NA	-
Commodity Futures	Commodity Futures : -	Commodity Futures : Trade Not Available	-
Commodity Options	Commodity Options : -	Commodity Options : Trade Not Available	-

Groww vs Mdirect Transaction Charges (Per Crore)

Groww Transaction Charges (Per Crore) Equity Future is NSE: 0.0019% | BSE 0.003% (each side) and Equity Options is NSE: 0.0019% | BSE 0.003% (each side) . Mdirect Transaction Charges (Per Crore) - and - .

	Groww	Mdirect
Equity Delivery	Equity Delivery : NSE ₹345 per Cr \| BSE ₹345 per Cr	Equity Delivery : -
Equity Intraday	Equity Intraday : NSE ₹345 per Cr \| BSE ₹345 per Cr	Equity Intraday : -
Equity Future *	Equity Future : NSE: 0.0019% \| BSE 0.003% (each side)	Equity Future : -
Equity Options *	Equity Options : NSE: 0.0019% \| BSE 0.003% (each side)	Equity Options : -
Currency Futures *	Currency Futures : NA	Currency Futures : -
Currency Options	Currency Options : NA	Currency Options : -
Commodity	Commodity : NA	Commodity : -

Groww vs Mdirect Other Charges

Groww Minimum Brokerage is ₹20 or 0.05% per executed order and Call & Trade is NA . Mdirect and .

	Groww	Mdirect
Minimum Brokerage	Minimum Brokerage : ₹20 or 0.05% per executed order	Minimum Brokerage : -
Call & Trade	Call & Trade : NA	Call & Trade : -
Stamp Duty *	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%	Stamp Duty : -
DP Charges (on sell side)	DP Charges (on sell side) : ₹8 + ₹5.50 (CDSL Charges) per ISIN	DP Charges (on sell side) : -
Other Miscellaneous Charges	Other Miscellaneous Charges : Physical Contract Note:₹20+Courier; ₹50Auto square	Other Miscellaneous Charges : -

Groww vs Mdirect Features

Groww and Mdirect both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Groww	Mdirect
Trading Platform	Trading Platform : Groww Web , Groww Mobile	Trading Platform : -
Placing orders through charts	Placing orders through charts : No	Placing orders through charts : -
Trading Alerts	Trading Alerts : Yes	Trading Alerts : -
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : -
Detailed Education Initiatives	Detailed Education Initiatives : No	Detailed Education Initiatives : -
Unique features & Offers	Unique features & Offers : Single platform for stocks, MFs, Gold, IPOs, ETFs,	Unique features & Offers : -
Referral Program	Referral Program : No	Referral Program : -
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : No	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : No	Margin Against Shares (Equity F&O) : Yes

Groww vs Mdirect Demat Account Charges

A comparative table of various demat account charges between Groww and Mdirect is below:

	Groww	Mdirect
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : -
Account Opening Fee	Account Opening Fee : ₹0 (Free)	Account Opening Fee : -
Advance Deposit	Advance Deposit : NIL	Advance Deposit : -
AMC	AMC : ₹0 (Free)	AMC : -
Dematerialisation Charges	Dematerialisation Charges : ₹150 per certificate + courier charges	Dematerialisation Charges : -
Rematerialisation Charges	Rematerialisation Charges : ₹150 per certificate + courier charges	Rematerialisation Charges : -
Transaction Charges (Credit)	Transaction Charges (Credit) : NA	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : ₹8 + ₹5.50 (CDSL Charges) per ISIN	Transaction Charges (debit) : -
Pledge Creation Charges	Pledge Creation Charges : ₹20 + ₹12 per request (CDSL Charges))	Pledge Creation Charges : -
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : ₹20 + ₹12 per request (CDSL Charges))	Pledge Creation Confirmation Charges : -
Pledge Invocation Charges	Pledge Invocation Charges : ₹20	Pledge Invocation Charges : -
Failed Instruction Charges	Failed Instruction Charges : ₹50 per ISIN	Failed Instruction Charges : -
Other Charges	Other Charges : KYC Modification Request : ₹50	Other Charges : -

Groww vs Mdirect Basic Details

Groww Year of Incorporation is 2016 and Total Number of Clients is 1784059 and . Mdirect and and .

	Groww	Mdirect
Year of Incorporation	Year of Incorporation : 2016	Year of Incorporation : -
Active Exchange Memberships	Active Exchange Memberships : NSE and BSE	Active Exchange Memberships : -
Demat Services	Demat Services : From CDSL	Demat Services : -
Website	Website : https://groww.in/	Website : -
Contact Details	Contact Details : -	Contact Details : -
Total Number of Clients	Total Number of Clients : 1784059	Total Number of Clients : -
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : -
Products *	Products : GROWW MOBILE APP	Products : -

Groww vs Mdirect Leverage

Leverage

	Groww	Mdirect
Equity Delivery	Equity Delivery : 1x (no margin)	Equity Delivery : -
Equity Intraday	Equity Intraday : Up to 8x (based on the stock)	Equity Intraday : -
Equity Futures	Equity Futures : NA	Equity Futures : -
Equity Options	Equity Options : NA	Equity Options : -
Currency Futures	Currency Futures : NA	Currency Futures : -
Currency Options	Currency Options : NA	Currency Options : -
Commodity Futures	Commodity Futures : NA	Commodity Futures : -
Commodity Options	Commodity Options : NA	Commodity Options : -
F&O (Eq, Curr, Comm)	F&O (Eq, Curr, Comm) : -	F&O (Eq, Curr, Comm) : -

Groww vs Mdirect Orders

Orders

	Groww	Mdirect
Cover Orders (CO)	Cover Orders (CO) : NO	Cover Orders (CO) : -
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : NO	Bracket orders / One Cancels Other (BO / OCO) : -
After Market Orders (AMO)	After Market Orders (AMO) : No	After Market Orders (AMO) : -
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : No	Sell Today Buy Tomorrow (STBT) : Yes
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : Yes

Groww vs Mdirect Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Groww	Mdirect
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : -
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : -
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : -
Comparison *	Comparison : No	Comparison : -
Free Tips *	Free Tips : No	Free Tips : -
Daily Market report *	Daily Market report : No	Daily Market report : -
ETF research *	ETF research : No	ETF research : -
Quarterly Results *	Quarterly Results : No	Quarterly Results : -

Groww vs Mdirect Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Groww	Mdirect
Availability for franchisee / AP	Availability for franchisee / AP : NA	Availability for franchisee / AP : -
Investment required for Franchisee / AP	Investment required for Franchisee / AP : NA	Investment required for Franchisee / AP : -

Groww vs Mdirect Product & Services

Groww and Mdirect both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Groww	Mdirect
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : -
Margin Trading *	Margin Trading : NA	Margin Trading : -
Call in Trade *	Call in Trade : NA	Call in Trade : -
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : -
Limit Order *	Limit Order : Yes	Limit Order : -
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : -
NRI Services *	NRI Services : NO	NRI Services : -
SMS Alerts *	SMS Alerts : YES	SMS Alerts : -
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : -
IPO Investment *	IPO Investment : YES	IPO Investment : -
Portfolio Analysis *	Portfolio Analysis : NO	Portfolio Analysis : -
Advanced Charting Features *	Advanced Charting Features : No	Advanced Charting Features : -
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : -
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : -
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : -
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : No	Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading *	Equity Future & Option Trading : No	Equity Future & Option Trading : -
Currency Future & Option Trading *	Currency Future & Option Trading : No	Currency Future & Option Trading : -
Market Trading *	Market Trading : Yes	Market Trading : -
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : -
Aumtomated Trading *	Aumtomated Trading : No	Aumtomated Trading : -

Groww vs Mdirect Customer Services

Groww and Mdirect both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Groww	Mdirect
Toll Free Number *	Toll Free Number : No	Toll Free Number : -
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : -
Email Facility *	Email Facility : Yes	Email Facility : -
Branch Offices *	Branch Offices : No	Branch Offices : -
Customer Care *	Customer Care : No	Customer Care : -
Community Service *	Community Service : No	Community Service : -
Relationship Manager *	Relationship Manager : No	Relationship Manager : -
24/7 Support *	24/7 Support : No	24/7 Support : -

Groww vs Mdirect Other Investement

Groww and Mdirect both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Groww	Mdirect
Commodity Trading *	Commodity Trading : No	Commodity Trading : -
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : -
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : -
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : -
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : -
Insurance Services *	Insurance Services : No	Insurance Services : -
Banking Services *	Banking Services : No	Banking Services : -

Groww vs Mdirect Trading PlatForm

Groww and Mdirect both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Groww	Mdirect
Web Platform *	Web Platform : Yes	Web Platform : -
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : -
Desktop Windows *	Desktop Windows : No	Desktop Windows : -
Desktop Mac *	Desktop Mac : No	Desktop Mac : -
I-Pad App *	I-Pad App : Yes	I-Pad App : -
Virtual Trading *	Virtual Trading : No	Virtual Trading : -
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : -
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