Is Zerodha better than Paytm Money?
- Asked By
- Updated On:29-Dec-2020
- Replies:3
Short Answer
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.
Detailed Answer
Overview on Zerodha
Zerodha is quite the stockbroker that leads the ranks in terms of users, customer retention, and tools offered. It's the largest stockbroker in the country with the cheapest brokerage options. The brokerage charge on trading with commodities is flat 20 rupees regardless of the order size. There is no brokerage charged on equity delivery and mutual funds investment.
Overview of Paytm Money
Paytm Money is a separate entity from Paytm and aims to provide stock brokering services to traders and investors. The platform came into existence in 2017 and had amassed excellent audience response even before its launch. Moreover, the platform is great if you are looking to invest in mutual funds as the options are plenty, and direct investment can be made easily and quickly.
Is Zerodha better than Paytm Money?
Zerodha is a discount stock broker that provides full-fledged stock brokering services. It’s the real deal offering dedicated trading tools, calculators, investment advice, zero charges on equity delivery, minimum brokerage fees on trades carried out on MCX, BSE, and NSE, and more.
However, when you look into Paytm money, as of now they do have a massive following. No doubt Paytm has created a dominance in how Money is being used. But then traders and investors want useful and beneficial tools are helping them trade. Paytm Money (a separate application and different from Paytm Money) is directed towards investing in mutual funds (for now) and doesn't provide a platform where effective trading can be executed. Moreover, investing in mutual funds can only be carried out through the mobile application. There is no desktop application or website.
No doubt, the number of users might be more significant than Zerodha, but the stockbroker is the one who kick-started the stock brokering business leading others to follow. Zerodha is one of the safest platforms you can make your investments through. It offers unique trading tools to make suitable investments available on mobile, desktop, and web applications, all thanks to "KITE."
Zerodha vs Paytm Money
No, Paytm Money isn't bigger or better than Zerodha. The stockbroker has been in the business for over a decade and has created its dominance by offering a sweet spot for trading endeavors in every possible angle. No doubt Paytm Money has its quirks in its operation, but then the onboarding process, the user retention rates have to be monitored tediously. Paytm Money faces the issue of getting people on board with the right verification process.
It would take considerable effort and dedication into innovating newer ways of making investments and the features to be offered of Paytm Money to become better than Zerodha. While Zerodha might be not all perfect, yet it overshadows Paytm Money in every possible way.
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Discussion (2)
Well said! I am also excited to see how all this goes. I mean how the new but very well known entrant like Paytm Money proves itself in the stock broking services. Indeed, a masterstroke that might have let the other stock brokers to rethink their business strategy for once. Paytm is all set to introduce stock broking on its platform. It has also received the broker membership of BSE and NSE. From business point of view: As per recent data, Zerodha emerged as the biggest discount broker in India based on active number of clients. And, Paytm Money is getting ready to compete with Zerodha. Hence, some cautious moves need to be taken by Zerodha and other stock brokers to maintain their existing position amidst newer players. From an investor point of view: The customers surely gain in all this. Since, companies need to focus on better product and service quality to sustain in the competitive market. So, ultimately, there's definitely some benefit for the end user in it.
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.
Zerodha and Groww are both good players in the Discount Broking space but both have some differences. Zerodha has the largest client base and is the most trusted Broker in India whereas Groww is one of the fastest-growing Discount brokers. Both offer different features to their clients which is discussed in detail below.
You can download the account closure form the given link - Demat Account Closure Form and post it to the address mentioned in the form.
Interactive Brokers & Zeodha are two Brokers from the Discount Broking community but both are quite different from one another in terms of Features and Working. One is an Indian discount Stock Broker whereas the other is a U.S based Discount broker that has its branches in many countries. Let's look at them in depth below.
There are a number of stock brokers in India. Here we highlight two of the leading stock broking companies: Angel Broking vs Zerodha, a comparison to read.
With every stock broker, including the likes of Paytm Money, some disadvantages might be a trade-off in choosing them. These include the unavailability of trading with currency and commodities, trading in futures is still not available, the trading platform isn't robust, etc.
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.
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.
Harshil Patel
Zerodha has been at the forefront of offering plenty of features and services on the investment avenue. It is pretty known in the stock market as one of the best brokers that offers its services at a competitive price. However, with Paytm money, its primary hands were on mutual funds, and then it slowly crept into the equity and commodity sector. However, Paytm money is broadly known for its payments platforms and is still miles behind what Zerodha currently has to offer.