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 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
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 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
Charge | Groww | Paytm 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 |
Charge | Groww | Paytm Money |
---|---|---|
Plan Name | Standard Plan | Basic Plan |
Equity Delivery | ₹0 | ₹0 |
Equity Intraday | ₹20 or 0.01% of executed order value | 0.05% of turnover or ₹10 whichever is lower |
Equity Futures | N/A | 0.05% of turnover or ₹10 whichever is lower |
Equity Options | N/A | 0.05% of turnover or ₹10 whichever is lower |
Currency Futures | N/A | 0.05% of turnover or ₹10 whichever is lower |
Currency Options | N/A | 0.05% of turnover or ₹10 whichever is lower |
Commodity Options | N/A | 0.05% of turnover or ₹10 whichever is lower |
Mutual Fund | N/A | N/A |
Segment | Groww | Paytm Money |
---|---|---|
Equity Delivery | N/A | Upto 4x |
Equity Intraday | N/A | Upto 20x |
Equity Future | N/A | Upto 3x |
Equity Options | N/A | Upto 5x |
Currency Future | N/A | Upto 2x |
Currency Options | N/A | Upto 3x |
Commodity Future | N/A | Upto 3x |
Commodity Options | N/A | N/A |