Paytm Money vs Marwadi Shares Comparison: 2024
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
About Marwadi Shares
Marwadi Shares and Finance Ltd. is a financial service provider company operating in the financial markets for almost 3 decades. This full-service brokerage company is one of the leading in India that has been ranked amongst the top 10 in the BSE ratings multiple times.
Marwadi Shares: Overview
Marwadi Shares is a Gujarat based broking firm facilitating broking as well as Wealth management services. They are spread across 104 branches nationwide and employ more than 1400 authorized sub-brokers assisting a client base of 4 lakh plus. Founded in 1992 by Pranav M. Shah, Marwadi Shares and Finance Ltd. is affiliated and licensed to trade in NSE, BSE, NCDEX, MCX security exchanges. The company is also a Depository Participant of NCDL and CDSL.
It facilitates trading in a wide segment of securities ranging from equity, derivatives, currency to mutual Funds, and insurance. They cater to the needs of retail as well as an
Paytm Money vs Marwadi Shares Account Opening Charges: 2024
| Charge | Paytm Money | Marwadi Shares |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 |
| Trading Acc Opening Charges | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges | ₹0 |
| Trading Account AMC | ₹0 (Free) | ₹0 |
| Demat Account AMC | Annual Platform Fees of Rs.300 | ₹450 per year or one time fee of ₹2500 |
Paytm Money vs Marwadi Shares Brokerage Charges and Plans : 2024
| Charge | Paytm Money | Marwadi Shares |
|---|---|---|
| Plan Name | Basic Plan | N/A |
| Equity Delivery | ₹0 | 0.30% |
| Equity Intraday | 0.05% of turnover or ₹10 whichever is lower | 0.06% |
| Equity Futures | 0.05% of turnover or ₹10 whichever is lower | 0.02% |
| Equity Options | 0.05% of turnover or ₹10 whichever is lower | ₹100 per lot |
| Currency Futures | 0.05% of turnover or ₹10 whichever is lower | 0.02% |
| Currency Options | 0.05% of turnover or ₹10 whichever is lower | ₹100 per lot |
| Commodity Options | 0.05% of turnover or ₹10 whichever is lower | 0.02% |
| Mutual Fund | N/A | N/A |
Paytm Money vs Marwadi Shares Margin / Exposure: 2024
| Segment | Paytm Money | Marwadi Shares |
|---|---|---|
| Equity Delivery | Upto 4x | N/A |
| Equity Intraday | Upto 20x | N/A |
| Equity Future | Upto 3x | N/A |
| Equity Options | Upto 5x | N/A |
| Currency Future | Upto 2x | N/A |
| Currency Options | Upto 3x | N/A |
| Commodity Future | Upto 3x | N/A |
| Commodity Options | N/A | N/A |