Master Trust vs Paytm Money Comparison: 2024
About Master Trust
One of the popular financial services in the country happens to be Master Trust. Its core beliefs are nurtured towards investment, attitude and sound & philosophical investment approach eloping in the investment universe. The company has a considerable track record for over two decades. Ever since its inception, the company has grown strong with 650+ employees and served over 1,50,000+ clients to date.
Master Trust: Overview
Master Trust is a discount brokerage company which is a subsidiary of Master Capital Services Pvt Ltd. Due to the efforts pulled in by Mr Harjeet Singh and Mr R. K. Singhania, the company was founded in 1994. Currently, the company is located at the financial capital of India, Mumbai.
In 1994, the company acquired its membership of NSE. After which it attained its membership in various depository and exchanges services such as NSDL & CSDL. Furthermore, the stockbroker opened gateways to trade with MCX-SX &
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
Master Trust vs Paytm Money Account Opening Charges: 2024
| Charge | Master Trust | Paytm Money |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹100 | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹300 per year | Annual Platform Fees of Rs.300 |
Master Trust vs Paytm Money Brokerage Charges and Plans : 2024
| Charge | Master Trust | Paytm Money |
|---|---|---|
| Plan Name | 20:20 Plan | Basic Plan |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
| Equity Futures | ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
| Equity Options | ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
| Currency Futures | ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
| Currency Options | ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
| Commodity Options | ₹20 per executed order | 0.05% of turnover or ₹10 whichever is lower |
| Mutual Fund | N/A | N/A |
Master Trust vs Paytm Money Margin / Exposure: 2024
| Segment | Master Trust | Paytm Money |
|---|---|---|
| Equity Delivery | 1x for 20:20 brokerage plan; Upto 4.5x for Standard Plan | Upto 4x |
| Equity Intraday | Upto 6x | Upto 20x |
| Equity Future | Upto 4x | Upto 3x |
| Equity Options | Upto 5x | Upto 5x |
| Currency Future | Upto 3x | Upto 2x |
| Currency Options | Upto 3x | Upto 3x |
| Commodity Future | Upto 1x | Upto 3x |
| Commodity Options | Upto 1x | N/A |