• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

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.

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

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 Trade Not Available . Mdirect Brokerage Charges

    Groww Mdirect
    Plan Name Plan Name :

    Basic Plan

    -
    Equity Delivery Equity Delivery :

    Rs.20 per executed order or 0.05% of order value

    -
    Equity Intraday Equity Intraday :

    Rs.20 per executed order or 0.05% of order value

    -
    Equity Future Equity Future :

    Trade Not Available

    -
    Equity Options Equity Options :

    Trade Not Available

    -
    Currency Futures Currency Futures :

    Trade Not Available

    -
    Currency Options Currency Options :

    Trade Not Available

    -
    Monthly Fee Monthly Fee :

    NA

    -
    Margin Trading Margin Trading :

    NA

    -
    Commodity Futures Commodity Futures :

    Trade Not Available

    -
    Commodity Options Commodity Options :

    Trade Not Available

    -

    Groww vs Mdirect Transaction Charges (Per Crore)

    Groww Transaction Charges (Per Crore) Equity Future is NA and Equity Options is NA . Mdirect Transaction Charges (Per Crore) - and - .

    Groww Mdirect
    Equity Delivery Equity Delivery :

    NSE ₹325 per Cr | BSE ₹300 per Cr

    Equity Delivery : -
    Equity Intraday Equity Intraday :

    NSE ₹325 per Cr | BSE ₹300 per Cr

    Equity Intraday : -
    Equity Future * Equity Future :

    NA

    Equity Future : -
    Equity Options * Equity Options :

    NA

    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 324906+ 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 :

    324906+

    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 Charts and Data

    Groww and Mdirect both offer a host of Charts & Data for better decision making to their clients. Their comparative analysis is in the below table:

    Groww Mdirect
    Live data source Live data source : - Live data source : -
    Advanced Charting tools Advanced Charting tools : - Advanced Charting tools : -
    Multi-Chart Setup Multi-Chart Setup : - Multi-Chart Setup : -
    No.of indicators No.of indicators : - No.of indicators : -
    No.of charts can be opened No.of charts can be opened : - No.of charts can be opened : -
    Live Scanners Live Scanners : - Live Scanners : -
    Customizable screeners Customizable screeners : - Customizable screeners : -
    Trading from charts Trading from charts : - Trading from charts : -
    Compare Symbol performance on Chart Compare Symbol performance on Chart : - Compare Symbol performance on Chart : -
    Options charts Options charts : - Options charts : -
    Continuous futures charts Continuous futures charts : - Continuous futures charts : -
    Intraday historical data for charts Intraday historical data for charts : - Intraday historical data for charts : -
    End of Day historical data for charts End of Day historical data for charts : - End of Day historical data for charts : -
    Corporate action adjusted charts Corporate action adjusted charts : - Corporate action adjusted charts : -
    Back Testing Back Testing : - Back Testing : -
    Options Chain Options Chain : - Options Chain : -
    Heat Maps Heat Maps : - Heat Maps : -
    Analytics Analytics : - Analytics : -
    Price Ladder Price Ladder : - Price Ladder : -

    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 : -

    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 : -

    Groww vs Mdirect Company Information

    Company Information

    Groww Mdirect
    Financials * Financials :

    No

    Financials : -
    News * News :

    No

    News : -
    Company Analysis * Company Analysis :

    No

    Company Analysis :

    Yes

    Contact Now Enquire Now Enquire Now

    User Reviews

    Post New Message
    0  Comments
    - - -   Compare More Brokers   - - -
    GrowwMdirect
     Compare Groww vs Zerodha
     Compare Groww vs ICICI Direct
     Compare Groww vs Upstox
     Compare Groww vs HDFC Securities
     Compare Groww vs Sharekhan
     Compare Groww vs MyValueTrade
     Compare Groww vs Axis Direct
     Compare Groww vs SAMCO
     Compare Groww vs Kotak Securities
     Compare Groww vs Trade Smart
     Compare Groww vs SAS Online
     Compare Groww vs Angel Broking
     Compare Groww vs Motilal Oswal
     Compare Groww vs 5paisa
     Compare Groww vs ProStocks
     Compare Groww vs Geojit BNP Paribas
     Compare Groww vs Marwadi Group
     Compare Groww vs Master Capital/mastertrust
     Compare Groww vs Mangal Keshav
     Compare Groww vs Mdirect
     Compare Groww vs LSE Securities
     Compare Groww vs Karvy
     Compare Groww vs Networth Direct
     Compare Groww vs Nirmal Bang
     Compare Groww vs Alice Blue
     Compare Groww vs Reliance Securities
     Compare Groww vs Religare Broking
     Compare Groww vs SBICAP Securities
     Compare Groww vs SMC Global
     Compare Groww vs Sushil Finance
     Compare Groww vs TradingBell
     Compare Groww vs Ventura
     Compare Groww vs Anand Rathi
     Compare Groww vs Achiievers
     Compare Groww vs Tradejini
     Compare Groww vs Wisdom Capital
     Compare Groww vs TradePlus
     Compare Groww vs Compositedge
     Compare Groww vs RKGlobal
     Compare Groww vs Fyers
     Compare Groww vs Aditya Birla Money
     Compare Groww vs Just Trade
     Compare Groww vs Arihant Capital
     Compare Groww vs Bonanza Portfolio
     Compare Groww vs Edelweiss
     Compare Groww vs GCL Securities
     Compare Groww vs GEPL Capital
     Compare Groww vs IDBI Capital
     Compare Groww vs IIFL
     Compare Groww vs Indiabulls Ventures
     Compare Mdirect vs Zerodha
     Compare Mdirect vs ICICI Direct
     Compare Mdirect vs Upstox
     Compare Mdirect vs HDFC Securities
     Compare Mdirect vs Sharekhan
     Compare Mdirect vs MyValueTrade
     Compare Mdirect vs Axis Direct
     Compare Mdirect vs SAMCO
     Compare Mdirect vs Kotak Securities
     Compare Mdirect vs Trade Smart
     Compare Mdirect vs SAS Online
     Compare Mdirect vs Angel Broking
     Compare Mdirect vs Motilal Oswal
     Compare Mdirect vs 5paisa
     Compare Mdirect vs ProStocks
     Compare Mdirect vs Geojit BNP Paribas
     Compare Mdirect vs Marwadi Group
     Compare Mdirect vs Master Capital/mastertrust
     Compare Mdirect vs Mangal Keshav
     Compare Mdirect vs LSE Securities
     Compare Mdirect vs Karvy
     Compare Mdirect vs Networth Direct
     Compare Mdirect vs Nirmal Bang
     Compare Mdirect vs Alice Blue
     Compare Mdirect vs Reliance Securities
     Compare Mdirect vs Religare Broking
     Compare Mdirect vs SBICAP Securities
     Compare Mdirect vs SMC Global
     Compare Mdirect vs Sushil Finance
     Compare Mdirect vs TradingBell
     Compare Mdirect vs Ventura
     Compare Mdirect vs Anand Rathi
     Compare Mdirect vs Achiievers
     Compare Mdirect vs Tradejini
     Compare Mdirect vs Groww
     Compare Mdirect vs Wisdom Capital
     Compare Mdirect vs TradePlus
     Compare Mdirect vs Compositedge
     Compare Mdirect vs RKGlobal
     Compare Mdirect vs Fyers
     Compare Mdirect vs Aditya Birla Money
     Compare Mdirect vs Just Trade
     Compare Mdirect vs Arihant Capital
     Compare Mdirect vs Bonanza Portfolio
     Compare Mdirect vs Edelweiss
     Compare Mdirect vs GCL Securities
     Compare Mdirect vs GEPL Capital
     Compare Mdirect vs IDBI Capital
     Compare Mdirect vs IIFL
     Compare Mdirect vs Indiabulls Ventures