Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.
Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.
Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides
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 | Finvasia | Paytm Money |
---|---|---|
Demat Account Opening Charges | ₹0 (Free) | ₹0 (Free) |
Trading Acc Opening Charges | ₹0 | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
Trading Account AMC | ₹0 | ₹0 (Free) |
Demat Account AMC | ₹0 (Free) | Annual Platform Fees of Rs.300 |
Charge | Finvasia | Paytm Money |
---|---|---|
Plan Name | Standard | Basic Plan |
Equity Delivery | ₹0 | ₹0 |
Equity Intraday | ₹0 | 0.05% of turnover or ₹10 whichever is lower |
Equity Futures | ₹0 | 0.05% of turnover or ₹10 whichever is lower |
Equity Options | ₹0 | 0.05% of turnover or ₹10 whichever is lower |
Currency Futures | ₹0 | 0.05% of turnover or ₹10 whichever is lower |
Currency Options | ₹0 | 0.05% of turnover or ₹10 whichever is lower |
Commodity Options | ₹0 | 0.05% of turnover or ₹10 whichever is lower |
Mutual Fund | N/A | N/A |
Segment | Finvasia | Paytm Money |
---|---|---|
Equity Delivery | 1x | Upto 4x |
Equity Intraday | Upto 10x | Upto 20x |
Equity Future | 2x | Upto 3x |
Equity Options | 1x | Upto 5x |
Currency Future | 1x | Upto 2x |
Currency Options | 1x | Upto 3x |
Commodity Future | 2x | Upto 3x |
Commodity Options | 1x | N/A |