Paytm Money vs Sharekhan 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 Sharekhan
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan: Overview
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis
Paytm Money vs Sharekhan Account Opening Charges: 2024
| Charge | Paytm Money | Sharekhan |
|---|---|---|
| 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 (Free for 1st year with trading account) |
Paytm Money vs Sharekhan Brokerage Charges and Plans : 2024
| Charge | Paytm Money | Sharekhan |
|---|---|---|
| Plan Name | Basic Plan | Classic Account |
| Equity Delivery | ₹0 | 0.50% |
| Equity Intraday | 0.05% of turnover or ₹10 whichever is lower | 0.10% |
| Equity Futures | 0.05% of turnover or ₹10 whichever is lower | 0.10% |
| Equity Options | 0.05% of turnover or ₹10 whichever is lower | ₹50 per lot |
| Currency Futures | 0.05% of turnover or ₹10 whichever is lower | 0.10% |
| Currency Options | 0.05% of turnover or ₹10 whichever is lower | ₹30 per lot |
| Commodity Options | 0.05% of turnover or ₹10 whichever is lower | 0.03% |
| Mutual Fund | N/A | N/A |
Paytm Money vs Sharekhan Margin / Exposure: 2024
| Segment | Paytm Money | Sharekhan |
|---|---|---|
| Equity Delivery | Upto 4x | Upto 5x |
| Equity Intraday | Upto 20x | Upto 10x |
| Equity Future | Upto 3x | 2x |
| Equity Options | Upto 5x | Nil |
| Currency Future | Upto 2x | Nil |
| Currency Options | Upto 3x | Nil |
| Commodity Future | Upto 3x | Upto 2x |
| Commodity Options | N/A | N/A |