Which is better Paytm Money vs. SBI Cap Securities?
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- Updated On:17-Mar-2021
- Replies:1
Short Answer
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.
Detailed Answer
About Paytm Money
Paytm Money is part of Paytm, where is started offering trading and investment services back in 2017. The company is based out of Bangalore and an RBI-approved payment merchant. The stockbroker is registered with SEBI and a DP of the CSDL. Earlier, the stockbroker offered easy ways to invest in mutual funds that expanded to equity, P&O, Equity, digital gold, and several other platforms.
As a discount broker, Paytm Money does charge 200 rupees to open a trading account with no charges associated with AMC charges for a trading account and Demat account and AMC for demat account. Moving ahead with the brokerage charge, then that is capped at 10 rupees per order for equity intraday delivery, equity futures, and equity options. Equity delivery brokerage is free while the currency and commodity charges are absent as they don’t provide trading in that segment of the stock market.
Paytm Money does provide charting features, online demo, online portfolio, and a magnitude of trading platforms via the website and mobile application.
About SBI Cap Securities
SBI Cap Securities is a full-service stockbroker part of the state bank group. The stockbroker provides explicit investment opportunities in equity, retail equity, depository services, and derivatives. Through their SBI Smart application, users can easily invest in the stock market in equity, ETF’s, IPO, derivatives, mutual funds, and several other segments. Moreover, it’s a DP with the NSDL and CSDL.
The stockbroker provides trading facilities with the NSE and the BSE with over 117 branches for smooth and reliable customer services and efficiency in its operations. The charges associated with the stockbroker are comparatively higher, provided that the opening charges for a trading account are 850 rupees and the AMC for the Demat account is 350 rupees. Moreover, the AMC charges for a trading account and opening a Demat account are free of charge.
The brokerage charges imposed by SBI Securities are 0.50% for equity delivery, 0.05% charge for equity intraday and equity futures. Equity options have a 100 rupees per lot charge, while currency futures has a 0.03% charge. Also, currency options trading is 30 rupees per lot. SBI Securities features are a 3-in-1 account, SMS alerts, online portfolio, online demo, multiple trading platforms, and more.
Paytm Money vs. SBI cap Securities
Choosing either one of them will satisfy your trading venture. However, if you want the most of the buck, then do your research and see what you require and which stockbroker is offering that in the best possible manner. The one that suits you the best should be your optimal preference.
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Discussion (0)
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.
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.
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.
You can download the account closure form the given link - Demat Account Closure Form and post it to the address mentioned in the form.
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.
For significant returns, one can look forward towards stock funds, real estate investments, dividend stocks, target-date funds and so on. Each one of these investments does offer something better to investors based on their capital of investments made.
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.