Aiming at achieving fine and directionally-solidified microstructure of Nb–Si based alloy, Nb, Si and Ti powder particles were utilized as the raw materials, and laser melting deposition (LMD) experiments were conducted with 1500 W and 2000 W laser power, respectively. The microstructure characteristic, micro-hardness, and indentation fracture toughness were examined by scanning electron microscope (SEM), X-ray energy dispersive spectrometer (XEDS) and X-ray diffraction (XRD). The results showed that the two kinds of as-deposited Nb–17Si–23Ti alloy samples were mainly composed of NbSS, (Nb, Ti)3Si and Ti-rich NbSS, and the microstructure presents rapid directionally-solidified characteristic, in which the <100> crystallographic direction of NbSS and <110> crystallographic direction of (Nb, Ti)3Si tend to be parallel to the LMD building direction. With the laser power increasing from 1500 W to 2000 W, the microstructure became more oriented and homogeneous. For the sample at 2000 W, the dendrite spacing was only about 1–2 μm, and NbSS and (Nb, Ti)3Si couples grow alternately and they are parallel to the building direction strictly. In the meantime the micro-hardness and indentation fracture toughness reached 1075 HV and 20.3 MPa·m1/2, respectively, indicating significant improvement by the directional growth of fine NbSS and (Nb, Ti)3Si phases, and the dimple fracture mode of the NbSS dendrites.