Reliance Securities vs Paytm Money Comparison: 2024
About Reliance Securities
Reliance securities also called Reliance Smart Money is a full-service online trading and investment platform and is the broking arm of Reliance Capital. So, let's have a look at Reliance Securities Features, reviews, trading account opening and Brokerage Charges. Reliance Securities started its operation in 2005. It has a strong presence across the country with 1000+ offices serving 8 Lakh customers.
Reliance Securities offers services in:
- Equities
- NCDs/Bonds
- Sovereign Gold Bond
- IPOs
- Mutual Funds
- Derivatives
- Currency
- Corporate FDs
- Insurance Products
- Securities Lending & Borrowing
- Auction Market Participation
Features of Reliance Securities
- Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
- Smart Trading Platforms: Offers a wide range of user-friendly trading platforms from browser-based platform to application based for both computer and mobile devices. It also offers call and trade facility to its customers
- Research: It offers it customers with specialized research report ranging from investment summaries, pre-market reports, futures
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
Reliance Securities vs Paytm Money Account Opening Charges: 2024
| Charge | Reliance Securities | Paytm Money |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹950 (One-time) | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹400 p.a. | Annual Platform Fees of Rs.300 |
Reliance Securities vs Paytm Money Brokerage Charges and Plans : 2024
| Charge | Reliance Securities | Paytm Money |
|---|---|---|
| Plan Name | Fixed Online Plan | Basic Plan |
| Equity Delivery | 0.4%\t | ₹0 |
| Equity Intraday | 0.04%\t | 0.05% of turnover or ₹10 whichever is lower |
| Equity Futures | 0.04%\t | 0.05% of turnover or ₹10 whichever is lower |
| Equity Options | Rs 100/Lot | 0.05% of turnover or ₹10 whichever is lower |
| Currency Futures | 0.04%\t | 0.05% of turnover or ₹10 whichever is lower |
| Currency Options | Rs 100/Lot | 0.05% of turnover or ₹10 whichever is lower |
| Commodity Options | N/A | 0.05% of turnover or ₹10 whichever is lower |
| Mutual Fund | N/A | N/A |
Reliance Securities vs Paytm Money Margin / Exposure: 2024
| Segment | Reliance Securities | Paytm Money |
|---|---|---|
| Equity Delivery | Upto 3x | Upto 4x |
| Equity Intraday | Upto 10x | Upto 20x |
| Equity Future | Upto 3x | Upto 3x |
| Equity Options | Nil | Upto 5x |
| Currency Future | Nil | Upto 2x |
| Currency Options | Nil | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |