Anand Rathi vs Paytm Money Comparison: 2024
About Anand Rathi
Named after the Founder himself, Anand Rathi is one of the pioneers of stockbrokers in India. It has managed to outrank several competitors over the years and maintain its position as one of the top and most-sought-after stockbrokers. The company is a complete financial solution including services ranging from asset management to insurance and stock trading. Anand Rathi's PAN-India and tech-savvy operations makes them stand out of crowd. They have bagged several awards for the same in the past decades.
Anand Rathi: An Overview
The Anand Rathi is a full-service brokerage firm offering insightful research and advice to the traders and investors. Based in Mumbai, the company is a public sector company i.e. listed on the stock exchange. It is spread through a network of 350 branches and more than 1500 franchises in India and some parts of Dubai and Bangkok. They soon aim to expand their global position.
Founded in 1994
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
Anand Rathi vs Paytm Money Account Opening Charges: 2024
| Charge | Anand Rathi | Paytm Money |
|---|---|---|
| Demat Account Opening Charges | ₹550 (One time) | ₹0 (Free) |
| Trading Acc Opening Charges | ₹750 (One time) | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹299 from second year onward | Annual Platform Fees of Rs.300 |
Anand Rathi vs Paytm Money Brokerage Charges and Plans : 2024
| Charge | Anand Rathi | Paytm Money |
|---|---|---|
| Plan Name | Standard Plan | Basic Plan |
| Equity Delivery | 0.5% - 0.15% | ₹0 |
| Equity Intraday | 0.05% -0.015% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Futures | 0.05% -0.015% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Options | ₹75 to ₹20 | 0.05% of turnover or ₹10 whichever is lower |
| Currency Futures | 0.05% -0.015% | 0.05% of turnover or ₹10 whichever is lower |
| Currency Options | ₹75 to ₹20 | 0.05% of turnover or ₹10 whichever is lower |
| Commodity Options | 0.008% - 0.05% | 0.05% of turnover or ₹10 whichever is lower |
| Mutual Fund | N/A | N/A |
Anand Rathi vs Paytm Money Margin / Exposure: 2024
| Segment | Anand Rathi | 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 |