Paytm Money vs Zerodha 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 Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
Paytm Money vs Zerodha Account Opening Charges: 2024
| Charge | Paytm Money | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 (Free) | ₹0 (Free) |
| Trading Acc Opening Charges | Rs. 200 (One time Digital KYC) + Rs. 300 Account Opening Charges | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | Annual Platform Fees of Rs.300 | ₹300 per year |
Paytm Money vs Zerodha Brokerage Charges and Plans : 2024
| Charge | Paytm Money | Zerodha |
|---|---|---|
| Plan Name | Basic Plan | Flat Brokerage Plan |
| Equity Delivery | ₹0 | ₹0 (Free) |
| Equity Intraday | 0.05% of turnover or ₹10 whichever is lower | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | 0.05% of turnover or ₹10 whichever is lower | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | 0.05% of turnover or ₹10 whichever is lower | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | 0.05% of turnover or ₹10 whichever is lower | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | 0.05% of turnover or ₹10 whichever is lower | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | 0.05% of turnover or ₹10 whichever is lower | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Paytm Money vs Zerodha Margin / Exposure: 2024
| Segment | Paytm Money | Zerodha |
|---|---|---|
| Equity Delivery | Upto 4x | 1x (no margin) |
| Equity Intraday | Upto 20x | Up to 20x (based on the stock) |
| Equity Future | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | Upto 5x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | Upto 2x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | Upto 3x | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |