Master Trust vs IDBI Direct Comparison: 2024
About Master Trust
One of the popular financial services in the country happens to be Master Trust. Its core beliefs are nurtured towards investment, attitude and sound & philosophical investment approach eloping in the investment universe. The company has a considerable track record for over two decades. Ever since its inception, the company has grown strong with 650+ employees and served over 1,50,000+ clients to date.
Master Trust: Overview
Master Trust is a discount brokerage company which is a subsidiary of Master Capital Services Pvt Ltd. Due to the efforts pulled in by Mr Harjeet Singh and Mr R. K. Singhania, the company was founded in 1994. Currently, the company is located at the financial capital of India, Mumbai.
In 1994, the company acquired its membership of NSE. After which it attained its membership in various depository and exchanges services such as NSDL & CSDL. Furthermore, the stockbroker opened gateways to trade with MCX-SX &
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
Master Trust vs IDBI Direct Account Opening Charges: 2024
| Charge | Master Trust | IDBI Direct |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹100 | ₹500 (one-time) |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 per year | ₹450 p.a. |
Master Trust vs IDBI Direct Brokerage Charges and Plans : 2024
| Charge | Master Trust | IDBI Direct |
|---|---|---|
| Plan Name | 20:20 Plan | Standard Plan |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | ₹20 per executed order | 0.05% |
| Equity Futures | ₹20 per executed order | 0.05% |
| Equity Options | ₹20 per executed order | ₹100 per lot |
| Currency Futures | ₹20 per executed order | N/A |
| Currency Options | ₹20 per executed order | N/A |
| Commodity Options | ₹20 per executed order | N/A |
| Mutual Fund | N/A | N/A |
Master Trust vs IDBI Direct Margin / Exposure: 2024
| Segment | Master Trust | IDBI Direct |
|---|---|---|
| Equity Delivery | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan | Nil |
| Equity Intraday | Upto 6x | Upto 4x |
| Equity Future | Upto 4x | Nil |
| Equity Options | Upto 5x | Nil |
| Currency Future | Upto 3x | N/A |
| Currency Options | Upto 3x | N/A |
| Commodity Future | Upto 1x | N/A |
| Commodity Options | Upto 1x | N/A |