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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 53,73,705 where number of active customer for Paytm Money is 6,46,387. 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
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.
 Groww |
 Paytm Money |
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Broker Type
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Discount Broker | Discount Broker |
| Exchanges Supported
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NSE, BSE | NSE, BSE |
| Active Clients | 53,73,705 | 6,46,387 |
| 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...  |
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... |
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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.
| 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 |  |
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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.
| Plan Types | Groww | Paytm Money |
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| Multiple Plans |  |
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| Monthly Plans | |
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| Yearly Plans | |
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| Zerodha | Paytm Money | |
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| Account Opening Request |
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 | 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 |
Compare Groww with Paytm Money on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Groww | Paytm Money |
|---|---|---|
| Equity Delivery | Rs 335 Per Cr | Rs 335 Per Cr |
| Equity Intraday | Rs 335 Per Cr | Rs 335 Per Cr |
| Equity Futures | Rs 200 Per Cr | Rs 200 Per Cr |
| Equity Options | Rs 5050 Per Cr | Rs 5050 Per Cr |
| Currency Futures | Rs 90 Per Cr | Rs 90 Per Cr |
| Currency Options | Rs 3500 Per Cr | Rs 3500 Per Cr |
| Commodity | NA | NA |
| Brokerage Charges | Complete Brokerage Plans for groww | Complete Brokerage Plans for paytm-money |
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 Compare | Groww | Paytm Money |
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| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:10 PM | 3:10 PM |
| NRI Trading | |
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| Other Features | NIL | NIL |
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 | Paytm Money |
|---|---|---|
| Desktop Trading Platform | Paytm Money | |
| Desktop Demo | Info Not Available | Info Not Available |
| Desktop Platform (Windows) | |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | Yes | Paytm Money Web |
| Web Trading Demo | Info Not Available | Web Trading Demo |
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| Mobile Trading | |
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| Mobile Trading App | Yes | Paytm Money App |
| Mobile Trading App Demo | Info Not Available | Info Not Available |
| Android Mobile App | |
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| Android App Download | Andriod Yes Download | Andriod Paytm Money App Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS Yes Download | iOS Paytm Money App Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| 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 |
| Groww | Paytm Money | |
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6 Customer Reviews
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4 Customer Reviews
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| Fees Ratings |  |
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| Trading Brokerage Rating |  |
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| Trading Platform Usability | |
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| Overall Ratings | |
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| 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 |
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 | Paytm Money |
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| Equity Cash and F&O | |
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| Currency Deravitives | |
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| Commodity | |
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| Online IPO Application | |
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| Bond / NCD | |
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| ETF | |
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| Banking | |
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| Insurance | |
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| Forex | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NPS |
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 Type Compare | Groww | Paytm Money |
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| CNC order | |
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| MIS order | |
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| NRML order | |
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| Cover order | |
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| Bracket order | |
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| AMO-After Market Orders | |
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| GTC-Good Till Cancelled | |
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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 Service Compare | Groww | Paytm Money |
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| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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9108800604 | Info Not Available |
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Online | Online/Paperless |
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[email protected] | [email protected] |
| Knowledge Center/Education
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https://groww.in/academy | https://www.paytmmoney.com/care |
| Head Office Address
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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
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https://groww.in/ | https://www.paytmmoney.com/ |
Compare Groww with Paytm Money on research reports and tips provided by the broker.
| Groww | Paytm Money | |
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| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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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
| Groww | Paytm Money | |
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| DP Source | CDSL | CDSL |
| DP ID
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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 |
Compare Groww with Paytm Money on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| Groww | Paytm Money | |
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| Pay In and Pay Out Options
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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
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Max 24 hrs except bank holidays | Max 24 hrs except bank holidays |
| Bank Supported and Charges
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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;
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| 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;
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| Special Offers/Promo | ||
| Enquiry | Open Zerodha Account Now>> | Open Paytm Money Account Now>> |
Last Updated on 2023-04-19T06:08:36+00:00
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.
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