Paytm Money vs SAMCO 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 SAMCO
SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.
Samco Overview
Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.
It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat
Paytm Money vs SAMCO Account Opening Charges: 2024
| Charge | Paytm Money | SAMCO |
|---|---|---|
| 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 | ₹400 |
Paytm Money vs SAMCO Brokerage Charges and Plans : 2024
| Charge | Paytm Money | SAMCO |
|---|---|---|
| Plan Name | Basic Plan | Standard |
| Equity Delivery | ₹0 | ₹20 per executed order |
| Equity Intraday | 0.05% of turnover or ₹10 whichever is lower | ₹20 per executed order |
| Equity Futures | 0.05% of turnover or ₹10 whichever is lower | ₹20 per executed order |
| Equity Options | 0.05% of turnover or ₹10 whichever is lower | ₹20 per executed order |
| Currency Futures | 0.05% of turnover or ₹10 whichever is lower | ₹20 per executed order |
| Currency Options | 0.05% of turnover or ₹10 whichever is lower | ₹20 per executed order |
| Commodity Options | 0.05% of turnover or ₹10 whichever is lower | ₹20 per executed order |
| Mutual Fund | N/A | N/A |
Paytm Money vs SAMCO Margin / Exposure: 2024
| Segment | Paytm Money | SAMCO |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 4x |
| Equity Intraday | Upto 20x | Upto 15x |
| Equity Future | Upto 3x | Upto 4x |
| Equity Options | Upto 5x | Upto 8x |
| Currency Future | Upto 2x | Upto 3x |
| Currency Options | Upto 3x | Upto 5x |
| Commodity Future | Upto 3x | Upto 5x |
| Commodity Options | N/A | Upto 5x |