Abstract Multilevel inverters and various modulation techniques have been proven to be the best solutions to overcome all the limitations of conventional two- or three-level voltage source inverters. In recent years, among all topologies, modular multilevel converter (MMC) has advantages like low total harmonic distortion (THD), reduced filter requirement, fault-tolerant operation, scalability, modularity, transformerless operation, etc. The main application of MMC is found in high-voltage DC transmission (HVDC). This study describes and analyses the performance of two distinct MMC submodule (SM) topologies: the Half Bridge submodule (HBSM) and the Full Bridge submodule (FBSM). Switching pattern is simpler in HBSM topology but it has the disadvantage that it does not have DC fault current blocking capability. Whereas FBSM not only inherently can block the DC fault current but also has advantages like reduced volume of MMC and better performance. Further, having the capability to produce three voltage levels, it can be operated in boost mode. Also, by using a proper switching pattern, MMC can be designed to generate a various number of output levels by using the same five-level submodule block. Out of which 17 level MMC gives the best output. The MATLAB-Simulink model is used to simulate the circuit, and the findings are confirmed for a 17-level output voltage.