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

  1. Competitive Brokerage: Provides different competitive brokerage plans suited for different categories of investors and traders
  2. 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
  3. 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

ChargeReliance SecuritiesPaytm 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

ChargeReliance SecuritiesPaytm Money
Plan NameFixed Online PlanBasic Plan
Equity Delivery0.4%\t₹0
Equity Intraday 0.04%\t0.05% of turnover or ₹10 whichever is lower
Equity Futures 0.04%\t0.05% of turnover or ₹10 whichever is lower
Equity OptionsRs 100/Lot0.05% of turnover or ₹10 whichever is lower
Currency Futures 0.04%\t0.05% of turnover or ₹10 whichever is lower
Currency OptionsRs 100/Lot0.05% of turnover or ₹10 whichever is lower
Commodity OptionsN/A0.05% of turnover or ₹10 whichever is lower
Mutual FundN/AN/A

Reliance Securities vs Paytm Money Margin / Exposure: 2024

SegmentReliance SecuritiesPaytm Money
Equity DeliveryUpto 3x Upto 4x
Equity IntradayUpto 10xUpto 20x
Equity FutureUpto 3x Upto 3x
Equity OptionsNilUpto 5x
Currency FutureNilUpto 2x
Currency OptionsNilUpto 3x
Commodity FutureN/AUpto 3x
Commodity OptionsN/AN/A

Reliance Securities vs Paytm Money Currency Charges and Plans: 2024

Reliance Securities charge 0.04%\t for Currency Futures and Rs 100/Lot for Currency Options whereas Paytm Money Charges 0.05% of turnover or ₹10 whichever is lower for Currency futures and 0.05% of turnover or ₹10 whichever is lower for Currency options.
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