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Groww Vs Paytm Money: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of Groww Max Rs 20 per trade while the brokerage of Paytm Money Max Rs 15 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Groww is 46,74,263 where number of active customer for Paytm Money is 5,78,639. Groww is serving more customer compare to Paytm Money.

Here we present side-by-side comparison of Groww vs Paytm Money share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Groww vs Paytm Money's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Groww vs Paytm Money share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Groww vs Paytm Money's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Groww vs Paytm Money on Service

  Groww Compare
Groww
Paytm Money Compare
Paytm Money
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 4.5 stars
Trading Platform Rated 4 stars Rated 3.5 stars
Investments Offering Rated 4 stars Rated 4.5 stars
Customer Service Rated 4 stars Rated 3.5 stars
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE
Active Clients 46,74,263 5,78,639
Broker Overview Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok... Know more about Groww In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 15 lowest brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & w...Know more about Paytm Money
Broker Enquiry Request call back from Zerodha Request call back from Paytm Money
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Account Opening Charges and AMC

Compare Groww vs Paytm Money on Trading & Demat Account Opening Charges

Comparison of Groww with Paytm Money on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.

Trading & Demat Account Opening Charges - Compare Groww with Paytm Money
Charges Groww Paytm Money
Trading Account Opening Fees Free Free
Trading AMC Free Rs 30 per month (Platform fees)
Demat Account Opening Fees Free Free
Demat AMC Free Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Groww vs Paytm Money on Plan Options

Plans are the most important feature you look when compare Groww with Paytm Money. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Groww with Paytm Money on Plan Options
Plan Types Groww Paytm Money
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Paytm Money
Account Opening Request
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Brokerage Charges

Compare Groww vs Paytm Money on Brokerage Charges

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas equity delivery trading and mutual fund investment with Paytm Money is absolutely free of cost.

Brokerage Charges - Compare Groww with Paytm Money
Brokerage Charges Compare Groww Paytm Money
Plan Name Flat Brokerage Plan Flat Brokerage Plan
Equity Delivery 0.05% or Rs 20 whichever is lower 2.5% or Rs 15 whichever is lower
Equity Intraday 0.05% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower
Equity Futures Flat Fee Rs 20 0.02% or Rs 15 whichever is lower
Equity Options Flat Fee Rs 20 Flat Fee Rs 15 per order
Currency Futures Not Available NA
Currency Options Not Available NA
Commodity Trading Not Available NA
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 50 Per Executable Order Rs 100 per executed order
Auto Square off Charges Rs 50 Per Executable Order Rs 50 per executed order
Brokerage Calculator Brokerage Calculator for Groww Brokerage Calculator for Paytm Money
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Share Broker's Transaction Charges

Compare Groww vs Paytm Money on Transaction Charges

Compare Groww with Paytm Money on transaction charges and PCM fee by segment.

Transaction Charges - Compare Groww with Paytm Money
Transaction Charges Compare Groww Paytm Money
Equity Delivery Rs 325 Per Cr Rs 345 Per Cr
Equity Intraday Rs 325 Per Cr Rs 345 Per Cr
Equity Futures Rs 210 Per Cr Rs 200 Per Cr
Equity Options Rs 5500 Per Cr Rs 5300 Per Cr
Currency Futures NA NA
Currency Options NA NA
Commodity NA NA
Brokerage Charges Complete Brokerage Plans for groww Complete Brokerage Plans for paytm-money
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Account Features

Compare Groww vs Paytm Money on Account Features

Compare Groww with Paytm Money on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Groww offers a margin funding where Paytm Money doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Groww with Paytm Money
Account Features Compare Groww Paytm Money
3 in 1 Account No Groww have 2-in-1 account. Only Demate and Trading account. No Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts No No
Online Demo No No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:10 PM 3:10 PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare Groww vs Paytm Money on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Groww and Paytm Money. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Groww with Paytm Money
Trading Platform Compare Groww Paytm Money
Desktop Trading Platform Paytm Money
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No No
Desktop Platform (Mac) No Yes
Web Trading Platform Yes Yes
Web Trading Detail Yes Paytm Money Web
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Yes Paytm Money App
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Yes Download Andriod Paytm Money App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Yes Download iOS Paytm Money App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Rs. 30 per month
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Groww Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator Futures Brokerage Calculator for Groww Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator Options Brokerage Calculator for Groww Options Brokerage Calculator for Paytm Money
Detail Detail on Trading Platforms for groww Detail on Trading Platforms for paytm-money

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Broker Ratings by Users

Compare Groww vs Paytm Money on User Rating

  Groww Paytm Money
  6 Customer Reviews    Rate Groww 4 Customer Reviews    Rate Paytm Money
Fees Ratings 4.3 3.8
Trading Brokerage Rating 4.0 4.5
Trading Platform Usability 4.3 3.0
Customer Service Ratings 3.5 3.5
Overall Ratings Rated 4.5 stars Rated 4.0 stars
Broker Rating Groww is Rated 4.5 / 5 based on 6 customer reviews Paytm Money is Rated 4.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Groww vs Paytm Money on Investment Offerings

Compare Groww with Paytm Money on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Groww with Paytm Money
Investment Offerings Compare Groww Paytm Money
Equity Cash and F&O Yes Yes
Currency Deravitives No No
Commodity No No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No Yes
PMS Service No No
Other Investment Options NIL NPS
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Order Types

Compare Groww vs Paytm Money on Order Types

Order Type - Compare Groww with Paytm Money on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Paytm Money provides Cover Orders (CO) where Groww doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Paytm Money provides Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Paytm Money offers After market orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Groww with Paytm Money
Order Type Compare Groww Paytm Money
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No Yes
Bracket order No Yes
AMO-After Market Orders No Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Groww vs Paytm Money on Customer Service

Compare Groww with Paytm Money on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Groww with Paytm Money
Customer Service Compare Groww Paytm Money
24/7 Customer Service Groww vs Paytm Money - 24x7 customer support No No
Email Support Groww vs Paytm Money - Email Support Yes Yes
Onine Live Chat Groww vs Paytm Money - Onine Live Chat Yes No
Phone Support Groww vs Paytm Money - Phone Support Yes Yes
Toll Free Number Groww vs Paytm Money - Toll Free Number No No
Through Branches Groww vs Paytm Money - Through Branches No No
Customer Care Number Groww vs Paytm Money - Customer Care Number 9108800604 Info Not Available
Account Opening Process Groww vs Paytm Money - Account Opening Process Online Online/Paperless
Customer Support Email Groww vs Paytm Money - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Groww vs Paytm Money - Knowledge Center/Education https://groww.in/academy https://www.paytmmoney.com/care
Head Office Address Groww vs Paytm Money - Head Office Address/Corporate Address Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Website Groww vs Paytm Money - Company Website https://groww.in/ https://www.paytmmoney.com/
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Tips/Research/Reports Published

Compare Groww vs Paytm Money on Research Reports, Tips

Compare Groww with Paytm Money on research reports and tips provided by the broker.

Research Reports - Compare Groww with Paytm Money
  Groww Paytm Money
Research Mutual Funds Groww vs Paytm Money - Research Mutual Funds No No
Research Equity Reports Groww vs Paytm Money - Research Equity Reports No No
Research ETF Groww vs Paytm Money - Research ETF No No
Daily Market Report Groww vs Paytm Money - Daily Market Report No No
Free Tips Groww vs Paytm Money - Free Tips No No
Quarterly Result Analysis Groww vs Paytm Money - Quarterly Results No No
News Alerts Groww vs Paytm Money - No No
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Demat Account

Compare Groww vs Paytm Money on Demat Account

Compare Groww with Paytm Money on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Paytm Money is Zero where for Groww is Zero.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Groww is ₹8 + ₹5.50 CDSL charges where for Paytm Money is ₹10 per ISIN.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Groww with Paytm Money
  Groww Paytm Money
DP Source CDSL CDSL
DP ID Groww vs Paytm Money - DP ID No CDSL: 1208
Demat Account Annual Maintenance Charges(AMC) Zero Zero
Advance Deposit Nil Nil
Statutory charges Legal Charges Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 CDSL charges ₹10 per ISIN
Demat ₹150 per certificate + courier charges ₹250 per 100 shares
Remat ₹150 per certificate + courier charges ₹250 per 100 shares
Pledge Creation ₹20 + Rs. 12 per request (CDSL Charges) ₹32 per ISIN
Pledge Creation Confirmation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Closure ₹20 + Rs. 12 per request (CDSL Charges) ₹32 per ISIN
Pledge Closure Confirmation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Invocation ₹20 + Rs. 12 per request (CDSL Charges) ₹32 per ISIN
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Groww vs Paytm Money on Special Offers and Promotion

Compare Groww with Paytm Money on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Groww vs Paytm Money on Special Offers and Promotion
  Groww Paytm Money
Pay In and Pay Out Options Groww vs Paytm Money - Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Groww vs Paytm Money - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Groww vs Paytm Money - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. Paytm Money allows 190+ Banks.
Bank Detail Info Not Available Info Not Available
Likes

Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;

  • Pay Rs. 20 flat brokerage charges.
  • Zero account opening fees on Groww Trading & Demat Account.
  • Zero Demat account maintenance charges.
  • Free direct mutual fund investment at nil brokerage and get an extra upto 1.5% return.
  • Easy-to-use, safe, and reliable Groww App and Web platform.
  • Apply for IPO online via UPI.
  • Invest in digital gold, US stocks, US ETFs, and FDs.
  • Get the latest trending news and updates on the Groww Digest.
  • Groww Academy is a 100% free learning platform for beginners.
  • Zero fixed charges.
  • Zero hidden charges.

Detail Review...

  • Lowest brokerage online trading at Rs. 15 per order.
  • No brokerage on delivery orders and intraday and F&O trade at even low brokerage of Rs. 10/order for account opened before 5 August 22.
  • Invest in direct mutual funds for free and get upto 1% higher return.
  • Get free mutual fund advisory services.
  • One-tap switch facility to switch external regular mutual fund investment to direct mutual funds.
  • Apply for IPO online.
  • Advanced orders like bracket order, cover order, and after market order.
  • Place GTT (Good Till Triggered) order to place longer period order.
  • Easy to use and great design platforms for traders and investors.
  • Online fund transfer via 190+ supported banks.
  • Fund transfer via UPI is free.
  • Paytm Wealth Academy to boost financial education for beginners.
  • No hidden charges & investment fee.

Detail Review...

Dislikes

Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;

  • Groww does not offer commodity and currency trading.
  • Groww does not provide research, trading tips, and recommendations.
  • NRIs cannot open Groww account.
  • Advanced orders like Bracket order, Cover order, GTT, and AMO order is unavailable.
  • Delivery trading is not free.
  • No call & trade facility.
  • No margin trading.

Detail Review...

  • It does not offer commodity and currency trading.
  • Paytm Money charges 30/month platform fees or Rs. 300 per year.
  • You cannot open a 3-in-1 account.
  • NRIs cannot open an account with Paytm Money.
  • It does not offer zero brokerage unlimited monthly trading plans.
  • Very high call & trade charges of Rs. 300/order.
  • Delivery trading is not free for new customers who opened accounts after August 22.

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Paytm Money Account Now>>

Last Updated on 2022-06-17T09:13:17+00:00

Zerodha FAQs

Both the Groww and Paytm Money are relatively new brokers in the discount broking space with the aim to offer simplest, easy to use, easily accessible, and transparent online trading platforms.

Groww Vs Paytm Money, which one is the best?

Basis of difference Groww Paytm Money
Products Comparatively large product portfolio including equity, IPO, mutual funds, ETF, US Stocks, and digital gold. Limited products i.e. equity, NPS, IPO, and mutual funds.
Account Opening charges Free Groww Demat and Trading account at zero charges. Paytm Money charges Rs. 200 trading account opening charges and platform usage charges of Rs. 300.
Mutual Fund Direct mutual fund investment with tie up with 35+ AMCs at zero brokerage charges. Commission-free direct mutual fund investment with collaboration with 40+ AMCs.
Trading Platforms Groww Web and Groww app to trade on your fingertips. Groww app does not facilitate BO and CO. Paytm Money App and Paytm Money Web. The mobile app provides advanced features like Bracket order and cover order.
Brokerage Higher brokerage charges of Rs. 20 per order or 0.05% whichever is lower. Lower flat brokerage of Rs. 10 per order or 0.05% whichever is lower.

The comparison above clearly shows that mutual fund investors can choose either Groww as the best direct mutual fund investment platform due to free demat and trading account, however, people who only do intraday trading can choose Paytm Money due to low intraday brokerage charges.