The brokerage of Groww Max Rs 20 per trade while the brokerage of Paytm Money Max Rs 10 per trade. Both the brokers are Discount Brokers. Groww is having overall lower rating compare to Paytm Money. Groww is rated only 3 out of 5 where Paytm Money is rated 4 out of 5.
Here we present side-by-side comparison of Groww vs Paytm Money share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Groww vs Paytm Money's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
Here we present side-by-side comparison of Groww vs Paytm Money share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared Groww vs Paytm Money's on
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
|Broker Type||Discount Broker||Discount Broker|
|Exchanges Supported||NSE, BSE||BSE, NSE|
|Broker Overview||Groww app is the best direct mutual fund investment platform at nil brokerage and trade at the maximum chargeable brokerage of Rs. 20 per executed order in stocks and derivatives segment.||Best broker for free direct mutual fund investment, Zero brokerage delivery trading, and Rs. 10 flat brokerages on equity intraday and F&O trading through Paytm Money App and Web.|
Comparison of Groww with Paytm Money on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.
|Trading Account Opening Fees||Free||Free|
|Trading AMC||Free||Rs 300 PA|
|Demat Account Opening Fees||Free||Free|
|Provide DP Service|
Plans are the most important feature you look when compare Groww with Paytm Money. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan. Monthly Plans - Both the brokers don't have Monthly Plans.
|Plan Types||Groww||Paytm Money|
|Account Opening Request|
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas equity delivery trading and mutual fund investment with Paytm Money is absolutely free of cost.
|Brokerage Charges Compare||Groww||Paytm Money|
|Plan Name||Flat Brokerage Plan||Flat Brokerage Plan|
|Equity Intraday||Rs. 20 or 0.05% whichever is lower||Rs. 10 or 0.05% whichever is lower|
|Equity Futures||Not Available||Rs. 10 or 0.02% whichever is lower|
|Equity Options||Not Available||Flat Fee Rs 10|
|Currency Futures||Not Available||Rs. 10 or 0.02% whichever is lower|
|Currency Options||Not Available||Flat Fee Rs 10|
|Commodity Trading||Not Available||NA|
|Hidden Charges||Info Not Available||No|
|Funding||Info Not Available||Info Not Available|
|Call & Trade Charges||Rs 50 Per Executable Order||Rs 300 per executed order|
|Brokerage Calculator||Brokerage Calculator for Groww||Brokerage Calculator for Paytm Money|
Compare Groww with Paytm Money on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Groww||Paytm Money|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||NA||Rs 190 Per Cr|
|Equity Options||NA||Rs 5000 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for groww||Complete Brokerage Plans for paytm-money|
Compare Groww with Paytm Money on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Groww offers a margin funding where Paytm Money doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.
|Account Features Compare||Groww||Paytm Money|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:10 PM||3:10 PM|
With our expert research team, we have compared all the major features of Trading platform b/w Groww and Paytm Money. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.
|Trading Platform Compare||Groww||Paytm Money|
|Desktop Trading Platform||Paytm Money|
|Desktop Demo||Info Not Available||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||Yes||Paytm Money Web|
|Web Trading Demo||Info Not Available||Web Trading Demo|
|Mobile Trading App||Yes||Paytm Money App|
|Mobile Trading App Demo||Info Not Available||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod Yes Download||Andriod Paytm Money App Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Yes Download||iOS Paytm Money App Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Rs. 300/- PA|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for Groww||Equity Intraday and Delivery Brokerage Calculator for Paytm Money|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Groww||Futures Brokerage Calculator for Paytm Money|
|Options Brokerage Calculator||Options Brokerage Calculator for Groww||Options Brokerage Calculator for Paytm Money|
|Detail||Detail on Trading Platforms for groww||Detail on Trading Platforms for paytm-money|
Compare Groww with Paytm Money on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.
|Investment Offerings Compare||Groww||Paytm Money|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NPS and digital gold|
Order Type - Compare Groww with Paytm Money on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Paytm Money provides Cover Orders (CO) where Groww doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Paytm Money provides Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Paytm Money offers After market orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||Groww||Paytm Money|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare Groww with Paytm Money on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
|Customer Service Compare||Groww||Paytm Money|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||Info Not Available||0120-4770-440|
|Account Opening Process||Online||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034||Paytm Money Stock Broking Essae Vaishnavi Summit Ground Floor, Koramangla, 80 Feet Road, Bengaluru - 560034|
Compare Groww with Paytm Money on research reports and tips provided by the broker.
Compare Groww with Paytm Money on Demat Service and Charges. This section covers about demat charges, demat service and other details
|DP ID||No||CDSL: 1208|
|Demat Account Annual Maintenance Charges(AMC)||Nil|
|Transaction Charges on Debit (Per ISIN)||₹10 per ISIN|
|Demat||₹250 per 100 shares|
|Remat||₹250 for 100 shares|
|Pledge Creation||₹32 per ISIN|
|Pledge Creation Confirmation||Nil|
|Pledge Closure||₹32 per ISIN|
|Pledge Closure Confirmation||Nil|
|Pledge Invocation||₹32 per ISIN|
|Failed Instruction Charges||Nil|
Compare Groww with Paytm Money on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
|Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
|Payout Time||Max 24 hrs except bank holidays||Max 24 hrs except bank holidays|
|Bank Supported and Charges||Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.||Paytm Money allows 190+ Banks.|
|Bank Detail||Info Not Available||Info Not Available|
|Special Offers/Promo||Life Time Free Equity Delivery Trades + ₹0 account opening fee + ₹300 of free brokerage + Free Demat Account with Zero AMC|
|Enquiry||Enquire for Groww||Enquire for Paytm Money|
Last Updated on 2021-01-19T03:04:15+00:00
Both the Groww and Paytm Money are relatively new brokers in the discount broking space with the aim to offer simplest, easy to use, easily accessible, and transparent online trading platforms.
|Basis of difference||Groww||Paytm Money|
|Products||Comparatively large product portfolio including equity, IPO, mutual funds, ETF, US Stocks, and digital gold.||Limited products i.e. equity, NPS, IPO, and mutual funds.|
|Account Opening charges||Free Groww Demat and Trading account at zero charges.||Paytm Money charges Rs. 200 trading account opening charges and platform usage charges of Rs. 300.|
|Mutual Fund||Direct mutual fund investment with tie up with 35+ AMCs at zero brokerage charges.||Commission-free direct mutual fund investment with collaboration with 40+ AMCs.|
|Trading Platforms||Groww Web and Groww app to trade on your fingertips. Groww app does not facilitate BO and CO.||Paytm Money App and Paytm Money Web. The mobile app provides advanced features like Bracket order and cover order.|
|Brokerage||Higher brokerage charges of Rs. 20 per order or 0.05% whichever is lower.||Lower flat brokerage of Rs. 10 per order or 0.05% whichever is lower.|
The comparison above clearly shows that mutual fund investors can choose either Groww as the best direct mutual fund investment platform due to free demat and trading account, however, people who only do intraday trading can choose Paytm Money due to low intraday brokerage charges.
Free Delivery for Lifetime
Flat ₹10 Per Trade in F&O
Rs 0 Demat AMC
FREE Account Opening (
Trade at Flat ₹20 per Trade Pay-as-you-go Demat AMC
Flat ₹20 Per Trade
Free Trading Tips & Software