HDFC Securities vs Paytm Money Comparison: 2024
About HDFC Securities
HDFC Securities Ltd, a subsidiary of HDFC Bank. It basically means that you can get a 3-in-1 account service that combines HDFC Securities Trading Account with the HDFC Securities Demat Account, and HDFC Bank account resulting in an amazing trading experience, and above that it also provides a free mutual fund account. It is one of the largest full-service brokers in India with more than 20 lakh customers, including both retail and institutional clients.
HDFC Securities : Overview
HDFC Securites, due to its large customer base, happens to be one of the leading depository participants with both CDSL and NSDL; more than 2.03 million demat accounts with a comprehensive network that has more than 3500 service branches. They have more than 270 branches across 185, catering investment needs of a gigantic diversified customer base including both retail and institutional investors.
HDFC Securities is a registered member of BSE, NSE, IRDA, PFRDA, AMFI,
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
HDFC Securities vs Paytm Money Account Opening Charges: 2024
| Charge | HDFC Securities | Paytm Money |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹999 | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹750 | Annual Platform Fees of Rs.300 |
HDFC Securities vs Paytm Money Brokerage Charges and Plans : 2024
| Charge | HDFC Securities | Paytm Money |
|---|---|---|
| Plan Name | Basic | Basic Plan |
| Equity Delivery | 0.50% | ₹0 |
| Equity Intraday | 0.05% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Futures | 0.05% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Options | ₹100 per lot or 1% of the premium (whichever is higher) | 0.05% of turnover or ₹10 whichever is lower |
| Currency Futures | ₹23 per contract | 0.05% of turnover or ₹10 whichever is lower |
| Currency Options | ₹20 per contract | 0.05% of turnover or ₹10 whichever is lower |
| Commodity Options | 0.02% for Intraday / 0.025% for positional | 0.05% of turnover or ₹10 whichever is lower |
| Mutual Fund | N/A | N/A |
HDFC Securities vs Paytm Money Margin / Exposure: 2024
| Segment | HDFC Securities | Paytm Money |
|---|---|---|
| Equity Delivery | 2x | Upto 4x |
| Equity Intraday | Upto 20x | Upto 20x |
| Equity Future | Nil | Upto 3x |
| Equity Options | Nil | Upto 5x |
| Currency Future | Nil | Upto 2x |
| Currency Options | Nil | Upto 3x |
| Commodity Future | Nil | Upto 3x |
| Commodity Options | N/A | N/A |