Groww vs Paytm Money Comparison: 2024

About Groww

Groww is a leading mutual fund investment platform now widening its wings into the stock investing world as well. So, here we'll have an exclusive Groww Review covering its features, types of Demat account, brokerage plans and much more.

Brokerage firms offer various plans and services to make life in trading as seamless as possible. But for those who are willing to avail these have to open a Demat and trading account. For the same, choosing the appropriate stock broker is very essential. Groww is one of the many stock brokerage firms that offer stock trading opportunities. Let’s have a brief overview of the company and the trading and Demat account it provides.

Groww: A Quick Review

Groww initially started as a mutual fund investment platform and was launched in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. The company offers trading or investment opportunities in mutual funds and

About Paytm Money

The best part about Paytm Money is in the fact that it carries the brand name Paytm. Now while that provides a huge advantage from a branding perspective, whether it is enough from a functional perspective, we’ll see.

Paytm Money: An Overview

Paytm Money is a mutual fund trading app, facilitating payments through net banking, UPI, OTM. However, it launched its discount broking wing sometime back and is planning to expand its user base towards the stock investors and traders. Paytm Money’s target market happens to be one of the largest population demographics, i.e the young and middle aged. With Paytm Money, the company joints it’s easy to use interface with quality and service standards set by Paytm.

All this while it ventures into the mutual fund app space and further diversifying into the stock broking services in India. Paytm is an Indian company, funded by Alibaba and backed by Ratan Tata

Groww vs Paytm Money Account Opening Charges: 2024

ChargeGrowwPaytm Money
Demat Account Opening Charges₹0₹0 (Free)
Trading Acc Opening Charges₹200 Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges
Trading Account AMC₹0₹0 (Free)
Demat Account AMC₹300 p.a. (wherein ₹25 charged quarterly)Annual Platform Fees of Rs.300

Groww vs Paytm Money Brokerage Charges and Plans : 2024

ChargeGrowwPaytm Money
Plan NameStandard PlanBasic Plan
Equity Delivery₹0₹0
Equity Intraday₹20 or 0.01% of executed order value0.05% of turnover or ₹10 whichever is lower
Equity FuturesN/A0.05% of turnover or ₹10 whichever is lower
Equity OptionsN/A0.05% of turnover or ₹10 whichever is lower
Currency FuturesN/A0.05% of turnover or ₹10 whichever is lower
Currency OptionsN/A0.05% of turnover or ₹10 whichever is lower
Commodity OptionsN/A0.05% of turnover or ₹10 whichever is lower
Mutual FundN/AN/A

Groww vs Paytm Money Margin / Exposure: 2024

SegmentGrowwPaytm Money
Equity DeliveryN/AUpto 4x
Equity IntradayN/AUpto 20x
Equity FutureN/AUpto 3x
Equity OptionsN/AUpto 5x
Currency FutureN/AUpto 2x
Currency OptionsN/AUpto 3x
Commodity FutureN/AUpto 3x
Commodity OptionsN/AN/A
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