Paytm Money Broker Review | Best Discount Stock Broker in India?|

This article is all about Paytm money broker review, which is a new emerging discount broker in India. We are sharing a comprehensive study of it.

Paytm Money Broker Review

Paytm Money Founded in 2017, Paytm Money Limited (commonly known as Paytm Money) is a discount brokerage company based in Bengaluru. Paytm Money is a wholly owned subsidiary of One97 Communications Ltd, India’s largest and most prominent digital and mobile platform, which also owns the Paytm brand. Paytm is an Indian e-commerce payment system approved by RBI. Paytm Money is a SEBI-registered broker-dealer and investment advisor.

The company is a depository member of CDSL and also a member of NSE and BSE. Paytm Money is, for the first time, a platform to invest directly in mutual funds. Paytm Money significantly broadened its range of products in the late 2020s, with the inclusion of pension plans, stock trading, IPO investments, ETFs, and digital gold.

The company recently launched an F&O trading service on its trading platform. Paytm Money offers transaction fees that are competitive with Free Equity Delivery. Paytm Money provides a free mutual fund service with no investment fees or redemption fees. Investors can enjoy a seamless trading experience with Paytm Money’s trading platform, available as a web and mobile app.

Paytm Money Charges 2023

This app is equipped with bank-grade security measures, ensuring that your data is always safe and secure. Paytm Money claims to be a leader and pioneer in low-cost investing, with a solid customer base of over 60,000 users as of December 2020.

Key Strengths of Paytm Money

1. Paytm Money offers up to 1% more profit with the life plan. 

2. There are no hidden or investment fees in Paytm Money or in Paytm Money Mutual Funds. 

3. Paytm Silver Trade offers the lowest transaction fees and free shipping. 

4. It allows quick account opening, and you can start trading within the next 5 minutes by completing the process.  

5. Users can easily invest in direct mutual funds, NPS, IPOs, stocks, etc.

Paytm Money Account Opening Review

Reviews on opening a Paytm money account are also good. It offers customers an instant and accessible Paytm money account opening facility. Opening a Paytm money rating online account is simple and hassle-free. Paytm money AMC fee is zero. 

ServiceCharges
Paytm Money Trading Account Opening Charges₹200
Paytm Money Trading Account AMC₹0
Paytm Money Demat Account Opening Charges₹0
Paytm Money Demat Account AMC₹0

Paytm Money Charges 2023

Paytm Money has adopted a fixed brokerage system for intraday trading, charging a uniform fee of Rs 15 or 0.05% (whichever is lesser) for every completed order. In all segments, the maximum brokerage that can be charged per order is Rs 15.

Paytm Money Brokerage Plan

Trading SegmentBrokerage Charges
Equity DeliveryRs 15 or 2.5% of turnover (whichever is lower)
Equity IntradayRs 15 or 0.05% of turnover (whichever is lower)
Equity FutureRs 15 or 0.02% of turnover (whichever is lower)
Equity OptionsRs 15 per order

In addition to the brokerage, you are required to pay other transaction and regulatory fees, also known as Demat fees.

  1. Annual Platform Fees: Rs 300 per annum
  2. Physical Statement and Document costs at Rs 300 per request + Rs 300 per courier
  3. Payment gateway charges (Net banking): Rs 10 for each fund addiction
  4. Payment gateway charges (UPI)costs Rs 0 for each fund addition (Free)
  5. Auto square-off charges: Rs 20
  6. Delayed Payment Charges: 1.5% per month on the outstanding bill amount

Type of Account offered by Paytm Money

Open a Paytm Money 2 in 1 account (Trading + Demat) and start trading with the cheapest broker. Trading Account & Paytm Money Demat  

Paytm Money is a CDSL custody participant to enable Indian customers to open Demat accounts online. You can open a trading account & pay Paytm money online through the mobile app or trading website. The broker charges a fee of Rs.200 for account opening, while there is no maintenance fee for Demat accounts. Paytm Money offers zero-balance trading accounts and no minimum deposit. Start trading stocks, derivatives, and mutual funds with an online Demat account. Stock traders (intraday and delivery) and derivatives traders can also choose Paytm Money to trade with brokerage fees as low as Rs 15 per order. Paytm money mutual fund account.

paytm money brokerage plan

Paytm Money is ideal for mutual fund investors who want to invest in the best mutual funds for free. The broker provides equity, debt, hybrid, and ELSS direct mutual funds from all major fund companies and offers returns up to 1% higher. This platform provides a paperless investment process to invest in the best mutual funds. You can also see the mutual funds with the highest ratings or performance from CRISIL, Morningstar, and Value Research. Start SIP with Rs 100 in your favorite mutual fund on the Paytm Money app with no commission or brokerage. It instantly allows the facility to redeem up to Rs 50,000 from liquid funds.

Paytm Money Mobile App and Trading Platforms

Customers can transact seamlessly through web and mobile apps. The Paytm Money app and transaction website are simple, user-friendly, and transparent to meet the needs of investors and traders. However, it does not offer users desktop trading software that can be installed. Briefly consider Paytm Money App and Web transaction platform.

Paytm Money Mobile App and Trading Platforms

Paytm Money app And Android and iOS mobile trading apps

Paytm Money is a single app to trade or invest in stocks, live mutual funds, futures and options, IPOs, and NPS. Manage your investments hassle-free with Paytm Money. Its all-in-one app allows you to effortlessly open a Demat account, complete online KYC, create watch lists with up to 50 stocks, stay updated on live market data, get comprehensive currency information, benefit from advanced charts, invest through SIP stocks, and obtain real-time P&L reports. With 2-factor authentication, fingerprint, and pin code protection, this app offers bank-level security and is 100% safe. Start trading immediately by downloading the Paytm Money app to your Android or iOS device.

Also Read:- Angel One Review

Web Money Paytm | e-commerce platform

The broker also provides a platform or online trading website through which customers can buy and sell various asset classes. Investing in stocks, derivatives, NPS pension funds, live mutual funds, and even applying for an IPO online is possible by easily opening a Paytm Money account.

Paytm Money Pros and Cons 

Pros

  • The platform’s two-factor authentication system will protect your data.
  • User-friendly interface to quickly analyze the required information. 
  • It has an in-house brokerage computer and provides mutual fund investment advisory services. 
  • Conveniently open and operate an online trading account.

Cons

  • The broker does not offer NRI trading accounts. 
  • No trading in commodities and currencies.

Paytm Money Margin Exposure

Paytm Margin for day trades can be up to 20% of the trade value (max 5x leverage), depending on the stock. Paytm Money F&O’s intraday trading range is 1.3x for equity, currency, and commodity trading in BSE, NSE, and MCX. No additional margin is provided for Paytm Money F&O exercise positions and equity distribution trades.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

Conclusion

Get started with Paytm Money’s brokerage account at the lowest cost and invest in mutual funds without any commission. You can also trade intraday stocks, delivery, and F&O with just Rs. 15 per order. The mutual fund advice and loads of educational material on Paytm Money Wealth Academy make it a great broker for beginners. I have made the Paytm money broker review for you all and want to say one thing, this is one of the emerging broker houses in India growing day by day.

Zerodha Broking Review

Frequently Asked Questions

Q1. How does Paytm Money work?

Invest in Mutual Funds, Stocks, IPOs, NPS, Digital Gold, and Derivatives with Paytm Money, the online discount broker that offers low-cost investments. Paytm Money charges Rs 200 for account opening, and there is no maintenance fee. 
To benefit from the services offered by the company, you must open a trading account and a Demat account using Paytm Money.

It’s normal that the Demat account is linked to your trading account. You should also register one of your bank account details for seamless transactions. Once all funds are ready, you can transact with Paytm Money through any trading platform offered via the web or mobile app.

Paytm Money does not provide advice or stock recommendations. The company maintains all the necessary information that helps perform self-study analysis. Paytm Money is a SEBI-registered investment advisor providing mutual fund advisory services.

Paytm Money follows a fixed-rate model. It charges less than 10 rupees or 0.05% of the transaction value for intraday equity trades and a flat fee of 10 rupees for F&O transactions. The company offers free stock delivery exchanges.

As an online discount broker, Paytm Money only provides online trading services to its clients. The company does not have a customer support branch. It relies heavily on using technology to serve its customers.

Q2. Paytm money market review? 

Paytm Money is a low-cost broker that invests commission-free in mutual funds. The company charges Rs 200 for account opening and no maintenance fee. Paytm Money has a simple pricing model with a free Equity Delivery exchange. Investing in mutual funds at Paytm Money is free, with no transaction or redemption fees.

It is a SEBI-registered broker and investment advisor. The company is a member of NSE and BSE and has a depository participant with CDSL.

Paytm Money provides simple, safe, secure, and robust transaction platforms in web and mobile versions under the Paytm Money brand. Paytm Money is one of the fastest-growing investment platforms in India. The company frequently introduces new products and features with the goal of becoming a comprehensive financial services destination for millions of Indians.

Overall, Paytm Money is a good broker that believes in an investor-first approach.

Q3. How to invest in Paytm Money?

To start investing with Paytm Money, you’ll need to first open a trading account and make payment through Paytm Money’s web or mobile application. Once your trading and Demat account is ready, you need to log in to your account and start investing.

To invest in mutual funds, go to the mutual fund tab and click Invest. You can carefully choose the mutual fund that aligns with your risk profile by utilizing various filters. Depending on the program you select, you can make payments through either SIP or lump sum mode. Choose the right investment method that suits your preference and start building your wealth.

Leave a Comment