Guest User
Welcome! Please login.
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.
| 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.