Yes Securities vs Paytm Money Comparison: 2024
About Yes Securities
It is a wholly owned subsidiary of Yes Bank.With Inherited knowledge from its parent company of over 50 years of experience in banking, wealth management, and advisory, Yes Bank securities aimed to become a wealth manager and advisor for its banking clients all over India. They facilitate an in-house team of multi-asset specialists and advisors to direct the client while trading or investing.
Yes Bank Securities: An Overview
Yes Bank had lengthened its arms to offer a complete range of financial products and services catering to the needs of an individual, corporate, and MSMEs. Being a full-service commercial bank it has a pan-India presence overall 28 states and 9 Union territories.
Yes Securities is a SEBI licensed investment advisor and a member of BSE, NSE, MCX, and NCDEX exchanges. Incorporated in 2013, with the claim of 'making investments as easy as booking a cab', Yes Securities provides interactive graphic stock health scores,
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
Yes Securities vs Paytm Money Account Opening Charges: 2024
| Charge | Yes Securities | Paytm Money |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹999 | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹500 | Annual Platform Fees of Rs.300 |
Yes Securities vs Paytm Money Brokerage Charges and Plans : 2024
| Charge | Yes Securities | Paytm Money |
|---|---|---|
| Plan Name | Invest Value Plan | Basic Plan |
| Equity Delivery | 0.45% | ₹0 |
| Equity Intraday | 0.05% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Futures | 0.05%, Intraday - 0.02% | 0.05% of turnover or ₹10 whichever is lower |
| Equity Options | ₹75 per lot, Intraday - ₹25 per lot | 0.05% of turnover or ₹10 whichever is lower |
| Currency Futures | 0.05%, Intraday - 0.02% | 0.05% of turnover or ₹10 whichever is lower |
| Currency Options | ₹75 per lot, Intraday - ₹25 per 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 |
Yes Securities vs Paytm Money Margin / Exposure: 2024
| Segment | Yes Securities | Paytm Money |
|---|---|---|
| Equity Delivery | N/A | Upto 4x |
| Equity Intraday | N/A | Upto 20x |
| Equity Future | N/A | Upto 3x |
| Equity Options | N/A | Upto 5x |
| Currency Future | N/A | Upto 2x |
| Currency Options | N/A | Upto 3x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |