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Groww Vs Paytm Money (Compare Groww and Paytm Money)

Nextbillion Technology pvt ltd Logo

About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

Paytm Money Limited Logo

About Paytm Money
Incorporated in 2017, Paytm Money Limited (commonly known as Paytm Money) is a Bengaluru based discount brokering firm. Paytm Money is a wholly-owned subsidiary of India's largest and leading digital goods and mobile platform, One97 Communications Ltd that also owns the Paytm brand. Paytm is an RBI-approved Indian e-commerce payment system. Paytm Money is a SEBI registered stockbroker and an Investment Advisor. The company has a depository participant membership of CDSL and is also a member of ... Know more about Paytm Money Limited

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Groww Vs Paytm Money

Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India. Incorporated in 2017, Paytm Money is a Discount Broker. It offers trading at NSE and BSE. It has 1 branches across India.

  Groww Paytm Money
Type of Broker Discount Broker Discount Broker
Exchnage Membership NSE and BSE NSE and BSE
Year of Incorporation 2016 2017
Number of Branches 0 1
Enquire GrowwOpen Paytm Money Account

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Groww Vs Paytm Money Charges & AMC

Groww trading account opening charges is Rs 0 while Paytm Money account opening changes is Rs 200. Groww Demat Account AMC Charges is Rs 0 and Paytm Money Demat Account AMC Charges is Rs 0 (Free).

  Groww Paytm Money
Trading Account Opening Charges Rs 0 Rs 200
Trading Account AMC Charges Rs 0 Rs 300 (Annual Platform Fees)
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 0 Rs 0 (Free)

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Groww Vs Paytm Money Brokerage

Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower whereas Paytm Money brokerage charges for equity is Rs 0 (Free) and intraday is Lower of 0.05% or Rs 10 per executed order.

Account Type Groww Standard Plan Paytm Money Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 20 per executed order or 0.05% whichever is lower Rs 0 (Free)
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower Lower of 0.05% or Rs 10 per executed order
Equity Futures NA Rs 10 per executed order
Equity Options NA Rs 10 per executed order
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA
Special Offer
Special Offer: Brokerage-free equity delivery trades for life + Flat ₹10 Intra-day and F&O trades. Get the offer

Groww Charges Vs Paytm Money

Minimum Brokerage Rs 20 or 0.05% per executed order Rs 0.01 per executed order on Equity Delivery trades
Other Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 Platform Usage Fees - Rs300 p.a; Physical Statements/Documents - ₹300 per request + ₹300 per Courier
Call & Trade Charges NA Rs 300

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Groww Vs Paytm Money Transaction Charges

Groww transaction charges for options is NA while Paytm Money exchange transaction charges for options is Rs 5,000 per Cr (0.05%).

  Groww Paytm Money
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NA Rs 190 per Cr (0.0019%)
Equity Options NA Rs 5,000 per Cr (0.05%)
Currency Futures NA
Currency Options NA
Commodity NA
Enquire GrowwOpen Paytm Money Account

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Groww Vs Paytm Money Leverage (Margin)

Groww margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Paytm Money margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Groww Paytm Money
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Enquire GrowwOpen Paytm Money Account

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Compare Groww and Paytm Money Features

The trading platforms offered Groww include Groww. Paytm Money offers Paytm Money mobile app, Paytm Money website trading software.

  Groww Paytm Money
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes No
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) No No
Margin Against Shares (Equity F&O) No No
Trading Platform Groww Paytm Money mobile app, Paytm Money website
Intraday Square-off Time 3:10 PM 3:15 PM
Other Features
Referral Program
Enquire GrowwOpen Paytm Money Account

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Groww Vs Paytm Money Review

Groww is rated 4.0 of 5 based on 46 customer reviews whereas Paytm Money is rated 3.7 of 5 based on 23 customer reviews.

  Groww Paytm Money
  46 Customer Reviews    Rate Groww 23 Customer Reviews    Rate Paytm Money
Fees 4.2 3.7
Brokerage 4.0 4.2
Trading Platform 3.9 3.9
Customer Service 3.6 3.0
Research Capabilities 3.0 3.5
Overall Ratings Rated 4.0 stars Rated 3.7 stars
Broker Rating Groww is rated 4.0 of 5 based on 46 customer reviews Paytm Money is rated 3.7 of 5 based on 23 customer reviews

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Contact Broker / Request A Call Back

  Groww Enquire Paytm Money Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Brokerage-free equity delivery trades for life + Flat ₹10 Intra-day and F&O trades. Get the offer

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Groww Vs Paytm Money Investment Options

  Groww Paytm Money
Stock / Equity Yes Yes
Commodity No No
Currency No No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
Debt Yes No
Other Investment Options Digital Gold, US Stocks, Fixed Deposits NPS Retirement Fund, Digital Fund

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Groww Vs Paytm Money Order Type Offered

  Groww Paytm Money
Bracket Order No Yes
Cover Order No Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No
Enquire GrowwOpen Paytm Money Account

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Groww Vs Paytm Money Research Report

  Groww Paytm Money
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No

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Groww Vs Paytm Money Suitable For Investor Type

  Groww Paytm Money
Casual Investor Yes
Active Investor Yes
Trader Yes

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Groww Vs Paytm Money - Pros and Cons

  Groww Paytm Money
Pros
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
  • Brokerage free equity delivery trading.
  • Low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Direct MF platform that helps you earn an extra 1% returns.
  • Zero Maintenance Charges.
  • Instant digital account opening.
  • Simple and easy trading platforms.
  • Online IPO application services.
  • Offers to invest in NPS and digital gold investment along with Stocks, Derivatives, and MF.
Cons
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
  • Branch support not available.
  • GTC order type not available.
  • Trading platforms uses fee: Rs 300 per year.
  • No Margin trading facility.
  • No Margin against shares.
  • Commodity and Currency trading not available.
Reviews

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

Paytm Money Limited, commonly known as Paytm Money, is a Bengaluru based online discount broker incorporated in 2017 offering trading and investment services for an entire range of financial products like Equity, Derivatives, Direct Mutual Funds, Digital gold, NPS retirement funds, and IPO. The company also provides investment advisory services by way of offering investment packs for mutual fund investments.

The company claims to be a leader and pioneer in low-cost trading. Paytm Money follows a flat fee model. The maximum brokerage charged by the broker is Rs 10 per trade. Paytm Money offers free Equity Delivery trading. Paytm Money is a member of NSE and BSE and has a depository membership with CDSL.

Paytm Money charges Rs 200 towards account opening and zero annual maintenance charges for the Demat account. The company offers an online trading platform - Paytm Money on Android, iOS, and website.

Promo / Offers

Free Equity Delivery Trades for Life and More...

  • Brokerage-free Equity Delivery +
  • Flat ₹10 per trade for Intraday & F&O +

This is a limited-time offer. Open Instant Paytm Account online and start trading today.

Enquire GrowwOpen Paytm Money Account

Frequently Asked Questions

  1. 1. Which is better Paytm Money or Groww?

    Paytm Money and Groww are both online discount brokers that started as Direct Mutual Fund platforms. They both offer low-cost brokerage services and free mutual fund services to their customers.

    Paytm Money offers to invest in Stocks, Mutual Funds, NPS, Digital Gold, F&O, IPO, and ETF. Groww provides its customers to invest in Stocks, Mutual Funds, US Stocks, IPO, Digital Gold, and Fixed Deposits.

    Paytm Money charges Rs.200 for opening an account, whereas Groww offers free account opening to its customers. Paytm Money offers free Equity Delivery trading while Groww charges a lower of Rs.20 or 0.05% of trade value per executed order.

    Read Paytm Money vs Groww for a more detailed comparison.

     


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