What is Paytm Money? Investment & Trading Platform

Short Answer

Paytm has added its name to the stockbroking industry all through its new platforms “Paytm Money.” The platform was rolled out to customers earlier in September 2020 and had since then exploded amongst traders/investors to see the offerings set up by the company.

Detailed Answer

The Paytm Money platform offers users to undertake all forms of stock brokerage services along with trading in the BSE, NSE and mutual funds as well. Though it was registered with SEBI as a stock brokerage company last year, it provided access to its users to stock brokerage features September 2020. The key highlights of Paytm money are given as follows.

1.100% paperless account opening process with digitalized KYC process, which takes up to 24 hours to open.

2.Customers can receive complete details on the top gainers, lowers either by market value or volumes.

3.The platform also lets you create watchlists and set price alerts of more than 50 stocks.

Opening a Demat account with Paytm money

Opening a Demat account with Paytm money has never been easier. Head to the Paytm money application and then complete the KYC details. Further, upload your documents and submit. It should take at least 24 hours or more to open your Demat account, and you can then start trading.

However, an account opening charge is 200 rupees (for one time digital KYC) along with 300 rupees for account opening charges. Almost all the intraday brokerage fees are capped at 10 rupees or some per cent of the trade (whichever happens to be lower). Also, the depository charges and other fees are capped quite lower in comparison to the competition.

Mutual Funds Investment Opportunities through Paytm Money 

1.Zero fees and commissions.

2.Invest via lump sum or SIP.

3.Safe and secure investments.

4.100% paperless KYC.

5.Across 40 AMC’s to choose form.

6.Easy SIP management.

7.Automatic reinvestments.

8.Mutual fund recommendations.

9.Portfolio statements.

10.One-click top-up.

Paytm Money: Key Highlights of Mutual Funds & Stock Investment Platform

1. Privacy of Data

The platforms comprise of bank-level security and privacy to keep all information safe and secure.

2. Smart Market Search

Use names to find out the relevant stock you are trying to find out—no need to remember other tricky codes or patterns.

3. Stock Performance and Fundamentals

Get all the analysis and critical fundamentals related to the stocks in terms of price and financial data for every company listed.

4. SIP Management

Automate your stock investment strategy by setting monthly/weekly buy orders.

5. Competitive Pricing

With intraday order brokerage fees set as low as 10 rupees per order and zero brokerage charges on delivery trading, it’s a compelling platform to trade upon.

6. Quick Account Opening

Enjoy 100% paper-free digitalized KYC account opening process.

7. One Solution for Different Financial Needs

Research a magnitude of criteria’s such as stock trading, investment for long term programs and much more.

8. Watchlist Customization

Customers have a flexible option of creating multiple watchlists and track real-time fluctuations in the process of over 50 stock in each of the watchlists.

9. Alerts & Notifications

Get notified for up to 50 stocks whenever there are fluctuations in the market.

10. Trading & Investment

All the advanced options such as cover order/bracket orders are available only on intraday orders.

11. Brokerage Calculator

With its in-built calculator, calculate all the transaction charges and other costs to sell stocks at a profit.

Thus, the usage of Paytm money for all forms of stock market endeavours looks promising. They have tried to make all investment opportunities as simple as possible. With so many stock brokerage companies to choose from, the final decision comes to your preference and the final requirements from your investment opportunities.

You can simply download the Paytm money application and start investing in the stock market with a few clicks. However, the platforms are only available via web and android mobile applications. iOS users should get the application in the coming days.

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Discussion (2)

    Paytm Money gets nod from SEBI to start offering stock broking services in India. Do you know that? This means, Paytm can give tough competition to the existing key players like Zerodha, 5paisa etc. in the stock broking world. What do you think about this? Paytm money had already started offering mutual fund direct plans. And, further it's entering the In-app stock broking services. After this big news, what Paytm money can offer you? Paytm Stock Broking Services: Products Offered Simply put, through Paytm Stock broking you will be able to invest and trade in: 1. Equity 2. Derivatives 3. Commodities 4. Currency 5. ETFs etc. Firstly, Paytm Money entered as a mutual fund platform and now as a stock broking platform. There's surely going to be a lot of buzz around. And yes, who will win the title of the best stock broker in India? The one with better products and impeccable services shall of course be the winner. For us, the stock brokers list is growing bigger with each passing day. Of course, this all shall happen over the coming few months. Let's see how it goes! Can Paytm Money become "A full stack wealth management firm" in India? Will it prove to be a real threat to other popular full service as well as discount brokers in India? What are your thoughts about this? Feel free to share.

    Paytm now offers stock market trading services all through its Paytm money platform. Though the application is great, it’s quite new where high-end trading features aren’t yet available offered by competitors. Moreover, the pricing of opening accounts and brokerage charges are cheaper yet similar to other trading platforms. It will take time and effort to make it a better experience of using it.

Related FAQs

Is Paytm Money Safe and reliable Broker for Stock Trading & Investing?

Yes, it is completely safe to invest your money in the stock market using Paytm money App. In fact, PayTm has come up with stock broking services recently and trying to establish itself in the said field. And, to give tough fight to top existing players it has to keep its services up to the mark. Paytm Money made a big name in mutual fund investment industry and now it's time to see its performance in the stock brokers' world.

How to Open a Trading & Demat Account with Paytm Money?

To open a Paytm Demat Account you do not need to make a lot of efforts. You can simply do it online which spares you from standing in a long waiting queue in the branch of the broker house. These days online and offline account opening has become all the more easy.

What are Paytm Money Brokerage Charges? Stock Trading

Paytm Money, an emerging stock broker offers a Demat trading account to investors and traders at a fairly reasonable cost. In reality, nothing comes free of cost, may it be brokerage services or any other for that matter, you'll be charged one way or the other. So, let's see what all charges you have to bear while trading through this stock broker in India.

What are Angel Broking Trading Platforms and Apps?

Angel Broking Limited is a full-service retail broker providing its services in the Indian subcontinent. There are basically five ways you can trade through Angel Broking that have been discussed here.

What are disadvantages of Opening Demat and Trading account with Paytm Money?

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.

What are advantages of Opening Demat and Trading account with Paytm Money?

There are plenty of advantages in choosing Paytm Money to open a Demat account and trading account with the stock broker. Some of the advantages include robust trading applications with web integration, 190+ banks supported for an easy transaction, net banking facilities, a low brokerage fee of 20 rupees, etc.

Is Paytm Money better than Zerodha?

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.

Is Groww App Safe for Mutual fund and Stock Investing?

Yes, Groww app is completely safe for mutual fund, stock investing and trading. As a popular mutual fund investment plaftorm, Groww established itself quite well in the past few years. Now, it has also enetered the stock broking space so it's really good to see new entrants amid existing top discount brokers in India.

Can I Invest in Stocks through Groww App?

Yes, now you can easily invest in stocks through the Groww App. It is a popular discount stock broker firm in India who recently expanded its services to the the stock broking arena. It allows traders to invest online without any subscription fees, transaction charges or any other charges.

Is Wisdom Capital Good, Safe & Reliable Broker for Stock Trading and Investing?

Yes, Wisdom Capital is good, safe, and reliable for all stock trading and investing options. However, weighing in on the lack of trading options and the unjustified charges imposed, it is a cause of worry. But other than this, the broker is reliable enough to execute a trade from the platform.