The differences between the two stockbrokers might be plenty, but the better one between them comes down to the differences they sport. Let’s learn a bit more about them and understand what each one has to offer before making a final decision.
HDFC Securities is part of HDFC bank, where they offered both online and offline trading services. With the stockbroker availing 3-in-1 trading accounts is quite feasible. Trading with the NSE and BSE in options, futures, and online IPO investment is all possible. The stockbroker is a public company and is a full-service stockbroker.
Adding to this, the stockbroker is a DP of the NSDL and CSDL. The margin money is around the 25,000 rupees range with the charges of opening an account is 500 rupees, whereas the AMC for a trading and Demat account is 500 rupees for each. Though it might be expensive, the brokerage charge for equity delivery trading is 0.50%, whereas 0.05% brokerage for equity intraday trading, equity futures trading, and currency futures trading. The minimum brokerage charged by the stockbroker is 25 rupees.
If you wish, you can calculate the overall brokerage through the provided brokerage calculator. They do some interacting features such as happy hours trading, zero brokerage charge for loss-making trades, flexible brokerage plans, research reports, and much more.
Paytm money is a discount stockbroker who is headquartered in Bangalore. It’s not part of the Paytm app but an entirely different platform that Paytm owns. Being an RBI-approved commerce merchant, the stockbroker is a DP for the CSDL & NSDL and offers trades in the NSE and BSE. With its roots planted deep with mutual funds, it slowly branched out towards different stock market sections such as F&O, equity, IPO investment, digital gold, and other segments.
The account opening charges are at 300 rupees where that the Demat AMC charges are capped at 250 rupees per annum. The trading account AMC is free of cost. The minimum brokerage fee that the stockbroker charges is 10 rupees per lot. Twenty rupees per lot is charged for equity intraday trading, commodity options trading, equity futures trading, equity options trading, currency futures trading, currency options trading, and more. Equity delivery trading is free of charge.
There is a brokerage calculator that one can use to calculate the total brokerage fee of an order. They do provide a free trading account with a discount on brokerage and flexible brokerage plans. There are referral offers along with tip offerings, relationship managers, offline advisory, and more.
Both the stockbrokers are more than capable of providing you with the best features and services to trade in the stock market. However, if you were to go with HDFC Securities, then the high brokerage fee might be a let-down. With Paytm money, most of the common services are absent, and it might be a let-down. With that being said, do use both and see which one suits your preference to make the final call.
You wish to know if Paytm Money is better that Zerodha or it's the other way round. Zerodha being a leading discount broker in India has been there for overe a decade now. While Paytm Money already established in mutual fund investment arena, but a fairly new entrant in stock broking industry. So, let's compare the features and discuss few details on each of them.
Yes, Zerodha is much better than Paytm money, thanks to the discrete offerings that Zerodha brings to the table. Zerodha has been in the stock brokering business for a decade whereas Paytm money was founded in 2017. The experience, knowledge, tools, and trading options provided by Zerodha are quite prominent and useful when compared to Paytm money.
Fixed Deposit (FD) are saving tools offered by banks to deposit lump sum amount for a fixed period of time on a higher interest rate than saving accounts. Mutual funds are investment products which pool money from numerous small investors to create a fund.
Liquid funds, a type of mutual funds which invest in different money market instruments. The withdrawals from these funds are processed within 24 hours and that's why these are regarded as liquid assets. The fund manager gets flexibility to meet immediate redemption requests.
Angel Broking and Paytm Money both these platforms are popular among traders. But if you are a beginner or if you want to switch to a new trading platform and you are considering choosing one of these two, and then you came to the right place.
You can download the account closure form the given link - Demat Account Closure Form and post it to the address mentioned in the form.
If you're looking for a straightforward and comprehensive take on options trading, then Sensibull should do the job perfectly. However, if you're and expert and want more complex trading tools, then Opstra is the one to choose.
ICICI Direct and Paytm Money are both stockbrokers with a high customer base and offer different tools and platforms for executing trades. But then ICICI Direct comes on top given its decades of experience as a full stockbroker and its reliability through its trading tools and investing tips. Paytm Money has the recognition but still has to strive harder to make a mark in the stockbrokers' world in terms of services and trading tools.
Paytm Money and SBI Cap Securities have many differences when it comes to the brokerage, segments of investment offered, and other such parameters. We have illustrated everything in detail below to know what these differences are and which one you might want to choose.
Equity and mutual funds are perfect if you want to invest in companies while seeing your money grow in a short period. Moreover, the chances of compounding your investments are higher. But the risk associated is equally greater considering the growth of companies and their performance in offering returns. But then keeping money in the bank is the safest way to keep your earnings. But then, due to inflation and low returns on interest, that value of the money kept might be cut down drastically.