IDBI Direct vs Marwadi Shares Comparison: 2024
About IDBI Direct
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
About Marwadi Shares
Marwadi Shares and Finance Ltd. is a financial service provider company operating in the financial markets for almost 3 decades. This full-service brokerage company is one of the leading in India that has been ranked amongst the top 10 in the BSE ratings multiple times.
Marwadi Shares: Overview
Marwadi Shares is a Gujarat based broking firm facilitating broking as well as Wealth management services. They are spread across 104 branches nationwide and employ more than 1400 authorized sub-brokers assisting a client base of 4 lakh plus. Founded in 1992 by Pranav M. Shah, Marwadi Shares and Finance Ltd. is affiliated and licensed to trade in NSE, BSE, NCDEX, MCX security exchanges. The company is also a Depository Participant of NCDL and CDSL.
It facilitates trading in a wide segment of securities ranging from equity, derivatives, currency to mutual Funds, and insurance. They cater to the needs of retail as well as an
IDBI Direct vs Marwadi Shares Account Opening Charges: 2024
| Charge | IDBI Direct | Marwadi Shares |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹500 (one-time) | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹450 p.a. | ₹450 per year or one time fee of ₹2500 |
IDBI Direct vs Marwadi Shares Brokerage Charges and Plans : 2024
| Charge | IDBI Direct | Marwadi Shares |
|---|---|---|
| Plan Name | Standard Plan | N/A |
| Equity Delivery | 0.50% | 0.30% |
| Equity Intraday | 0.05% | 0.06% |
| Equity Futures | 0.05% | 0.02% |
| Equity Options | ₹100 per lot | ₹100 per lot |
| Currency Futures | N/A | 0.02% |
| Currency Options | N/A | ₹100 per lot |
| Commodity Options | N/A | 0.02% |
| Mutual Fund | N/A | N/A |
IDBI Direct vs Marwadi Shares Margin / Exposure: 2024
| Segment | IDBI Direct | Marwadi Shares |
|---|---|---|
| Equity Delivery | Nil | N/A |
| Equity Intraday | Upto 4x | N/A |
| Equity Future | Nil | N/A |
| Equity Options | Nil | N/A |
| Currency Future | N/A | N/A |
| Currency Options | N/A | N/A |
| Commodity Future | N/A | N/A |
| Commodity Options | N/A | N/A |