SBIcap Securities vs Paytm Money Comparison: 2024
About SBIcap Securities
SBI cap securities is the broking arm of the decades old and one of the top financial bodies SBI Capital Market ltd. Having the leverage of such an influential bank as a parent body, SBI Securities Ltd. or SSL is one of the leading stock brokers in India. They deal with a variety of depository participant (DP) services as well as equity, derivatives, broking and E-broking services to cater to both national and NRI clientele. SSL has been assigned the title of 'BQ1' (The Highest grade) by CRISIL for its operational qualities and services.
SBI Cap Securities: Overview
Founded in 2006 by Arun Mehta, SSL is a Mumbai-based Full service broker which offers trading in Equity delivery, Equity intraday, Commodity options, Equity futures, Equity options, Currency options and Currency futures. The minimum broking charge is Rs.10 per transaction.
It offers a 3-in-1 account feature, like other financial broking firms for direct
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
SBIcap Securities vs Paytm Money Account Opening Charges: 2024
| Charge | SBIcap Securities | Paytm Money |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹850 | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹350 | Annual Platform Fees of Rs.300 |
SBIcap Securities vs Paytm Money Brokerage Charges and Plans : 2024
| Charge | SBIcap Securities | Paytm Money |
|---|---|---|
| Plan Name | eZ-trade Plan | Basic Plan |
| Equity Delivery | 0.50% | ₹0 |
| Equity Intraday | 0.05% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Futures | 0.05% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Options | ₹100 per lot | 0.05% of turnover or ₹10 whichever is lower |
| Currency Futures | 0.03% | 0.05% of turnover or ₹10 whichever is lower |
| Currency Options | ₹30 per lot | 0.05% of turnover or ₹10 whichever is lower |
| Commodity Options | NA | 0.05% of turnover or ₹10 whichever is lower |
| Mutual Fund | N/A | N/A |
SBIcap Securities vs Paytm Money Margin / Exposure: 2024
| Segment | SBIcap Securities | Paytm Money |
|---|---|---|
| Equity Delivery | 2x | Upto 4x |
| Equity Intraday | Upto 5x | Upto 20x |
| Equity Future | Nil | 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 |