Paytm Money is an ๐ online stock and mutual fund broker owned by One 97 Communications Ltd. ๐ผ It was initially launched as a ๐ฐ commission-free mutual fund investment platform and later expanded to include stocks and derivative trading at a flat brokerage fee. ๐น The Brokerage Charges are Rs. 15/order on equity intraday, delivery, and equity derivatives trading. ๐ธ Paytm Money offers its customers the convenience of opening a Demat & Trading Account fully digitally and starting online trading at the lowest flat brokerage fee. ๐ป
In this detailed Paytm Money Review ๐ We will review its Demat Account, Brokerage Charges, Trading Platforms, Pros & Cons, Stock Trading ๐, Customer ratings ๐ & More.
In addition to stocks and mutual funds, Paytm Money also allows customers to invest in IPOs ๐, digital gold ๐ฐ, and NPS retirement schemes. Paytm Money is a SEBI registered investment advisor that provides mutual fund advisory services via mutual fund investment packs. ๐ However, the broker does not provide intraday trading tips and recommendations.
Customers can trade via Paytm Money’s mobile app ๐ฑ and web trading platform ๐ป. The platform is intuitive, easy-to-use, and fast โก, meeting the requirements of both investors and traders. ๐ช
Overview of Paytm Money
| ๐ข Company Name | ๐ฐ Paytm Money Limited |
| ๐จโ๐ผ Parent Company | ๐ผ One97 Communications Ltd |
| ๐ Year of Incorporation | ๐ 2017 |
| ๐ Headquarters | ๐ฎ๐ณ Bengaluru, India |
| ๐ค CEO | ๐ผ Varun Sridhar |
| ๐ผ Type of Company | ๐ต Discount broker and Investment Advisor |
| ๐ป Trading Platform | ๐ฑ๐ป Paytm Money (web and mobile app) |
| ๐ฆ Membership | ๐ SEBI registered stockbroker, Investment Advisor, CDSL depository participant, and member of NSE and BSE |
| ๐ผ Services | ๐ Equity trading, Mutual Fund services, IPO investment, ETF’s, digital gold, and F&O trading services |
| ๐ธ Brokerage Charges | ๐ฐ Rs. 15/order on equity intraday, delivery, and equity deri |
Paytm Money Account Opening and AMC Charges in 2024
Paytm Money offers a Completely Digital and Free Account Opening process with Zero fees. Moreover, there are no AMC charges involved. However, a monthly fee of Rs. 30 is levied for the Trading Platforms.
| ๐ฐ Fees and Charges | ๐ผ Details |
|---|---|
| ๐ณ Account Opening Fees | ๐ซ ( โน0 ) |
| ๐ฐ AMC Charges | ๐ซ ( โน0 ) |
| ๐ป Trading Platform Fees | ๐ฐ โน 30 Per Month |
Paytm Money Brokerage Charges Explained
Paytm Money – Equity Delivery & Intraday Brokerage Charges
- Delivery trades: Paytm Money charges โน 15 / Executed Order Or 2.5% (Whichever Is Lower)
- Intraday trades: Paytm Money charges either 0.05% or Rs. 15 (whichever is lower) per executed order for intraday trades.
| Charges | Equity Delivery | Equity Intraday |
|---|---|---|
| Brokerage | โน 15 / Executed Order Or 2.5% (Whichever Is Lower) | โน 15 / Executed Order Or 0.05% (Whichever Is Lower) |
| STT | 0.1% ON BOTH Buy & Sell | 0.025% On the Sell-side |
| Transaction / Turnover charges | NSE : 0.00345% | BSE 0.00375% | NSE : 0.00345% | BSE 0.00375% |
| SEBI Charges | 0.0001% or 10 Rs/Crore | 0.0001% or 10 Rs/Crore |
| GST | 18% on (Brokerage + Transaction Charges + DP + SEBI Charges) | 18% on (Brokerage + Transaction Charges + SEBI Charges) |
| Stamp Duty | 0.015% Of Turnover Value (Buyer) | 0.003% Of Turnover Value (Buyer) |
| DP Charges | โน 13.5 / Scrip Only On Sell | No Charges |
Paytm Money – Futures & Options Brokerage Charges
- Equity futures: Paytm Money charges 0.03% or Rs. 20 (whichever is lower) per executed order for equity futures trading.
- Equity options: Paytm Money charges Rs. 20 per order for equity options trading.
| Charges | Equity Future | Equity Options |
|---|---|---|
| Brokerage | โน 15 Per Executed Order Or 0.02% (Whichever Is Lower) | Flat โน 20 Per Executed Order |
| STT |
0.01% on the Sell-side |
0.0625% on the Sell-side (ON PREMIUM) |
| Transaction / Turnover charges | NSE : 0.002% On Total Turnover Value | NSE : 0.05% on Premium |
| SEBI Charges | Rs 10 /Crore or 0.0001% |
Rs 10/Crore |
| GST | 18% on (Brokerage + Transaction Charges + SEBI Charges) | 18% on (Brokerage + Transaction Charges + SEBI Charges) |
| Stamp Duty | 0.002% Of Turnover Value | 0.003% On Premium |
Paytm Money Trading Platforms
Paytm Money Provides two trading platforms ๐, the “Paytm Money App” ๐ฑ and the “Paytm Money Web” ๐ป, for investors and traders to trade in equity, F&O, mutual funds, IPOs, digital gold, and ETFs.
Paytm Money Web Trading Platform ๐ป
Both investors and traders’ demands are taken into consideration when designing the Paytm Money Web trading platform. It provides straightforward SIPs for mutual fund or equities investments, sophisticated technical tools for defining price entry and exit points, the Good Till Triggered function for investing in stocks without monitoring, and convenience of displaying portfolio holdings and total profit and loss.
Paytm Money Mobile Application ๐ฑ
Paytm Money App offers convenient trade and investing opportunities with a distinctive user experience, real-time market information, regular alerts on stock prices and SIPs, and more. It features a user-friendly yet technologically advanced interface, price alert features to enable timely trading, live market depth for informed decision-making, advanced charting tools ๐ and other technical indicators for a better understanding of market trends and patterns, and a customizable watchlist ๐ for tracking particular securities.
- Paytm Money App: 10 million+ downloads ๐.
- 170K Paytm Money App reviews ๐.
- Paytm Money App Ratings 3.9 โญ๏ธ
Additionally, Paytm Money provides a single app for trading or investing in stocks, direct mutual funds, futures, options, initial public offerings, and NPS. The software enables users to establish customized watchlists with up to 50 stocks each, open a Demat account, complete the KYC online, track live market data, extensive company information, advanced charting ๐, stock SIP, and obtain real-time P&L reports. With two-factor authentication ๐, fingerprint & pin protection ๐, and bank-grade security, it is also completely safe and secure.
| Trading Platform Features | Paytm Money App |
|---|---|
| User Experience | Distinctive |
| Real-time Market Information | Yes |
| Regular Alerts on Stock Prices and SIPs | Yes |
| User-friendly Interface | Yes |
| Technologically Advanced Interface | Yes |
| Price Alert Features | Yes |
| Live Market Depth | Yes |
| Advanced Charting Tools | Yes |
| Technical Indicators | Yes |
| Customizable Watchlist | Yes |
Paytm Money Pros & Cons (Advantages & Disadvantages)
Pros
- Free Demat Account With no account opening charges or annual maintenance fees
- Low brokerage charges of Rs. 15 per trade
- User-friendly trading platforms with advanced features
- Wide range of investment options, including stocks, mutual funds, ETFs, IPOs, and NPS
- Seamless integration with Paytm Payments Bank account
Cons
- No facility to invest in international stocks
- No margin trading facility
- Monthly Platform fees of Rs.30
- Call & Trade Charges are very high Rs.100 per executed order
Customer Reviews and Ratings of Paytm Money
| Aspect | Rating (out of 10) |
|---|---|
| User Experience | 8.5 |
| Trading Platform | 9.0 |
| Product & Services | 9.2 |
| Brokerage Charges | 9.3 |
| Research | 7.5 |
| Overall Rating | 8.7 |
| Star Rating | โ โ โ โ โ |
Paytm Money Registrations, Licenses, Address & contact Details
| Company Name | Paytm Money Limited |
| Corporate Identification Number | U72900DL2017PLC323936 |
| SEBI Registration | Non-Individual Investment Advisor (INA100009859) |
| PFRDA Registration | NPS ePOP (269042019) |
| SEBI Registration Number (Broking) | INZ000240532 |
| SEBI Registration Number (Depository) | IN-DP-416-2019 |
| Depository Participant Number (CDSL) | 12088800 |
| Trading and Clearing Member of | NSE (90165,M52073) and BSE (6707) |
| Head Office Address | The Hub, 8/2, Sarjapur Main Road, Ambulipura Village, Varthur Hobli, Bengaluru – 560103 |
How to Open Paytm Money Demat Account Online ?
Here are the steps to open a Paytm Money Demat Account online:
- Download the “Paytm Money App” on your mobile device.
- Click on the “Open Demat Account” option in the app.
- Enter your mobile number and verify it with the OTP sent to your mobile number.
- Complete the stock market KYC process digitally by providing your personal details such as name, address, and income details.
- Add your PAN card number and date of birth as per PAN.
- Submit an address proof such as Aadhaar card, passport, driving license, or Voter ID.
- Add your bank account details, including your account number and IFSC code.
- Proceed to “E-sign now” to sign the account opening form digitally by entering your Aadhaar card number.
Once the KYC process is done and your details are verified by the KYC team, your Demat & Trading account will be activated, and you can start trading and investing in stocks and derivatives.
Final thoughts on Paytm Money Review 2024
Both ๐ฑ beginners and ๐จโ๐ผ expert traders who are seeking for a reliable and user-friendly trading platform with affordable brokerage fees should check out Paytm Money. Investors who want to invest in ๐ฐ mutual funds, ๐ equities, and ๐ ETFs, Paytm Money is a great choice because it provides a large selection of investment options with ๐ lowest Brokerage charges.
Investors who want to manage their Investments on their ๐ฑ mobile devices, Paytm Money is an excellent choice. It is simple to trade stocks and manage investments while on the go thanks to the mobile application’s straightforward interface, ๐ user-friendly design, and advanced capabilities.
Frequently Asked Questions (FAQs)
What is Paytm Money?
Paytm Money is an Indian financial services company that provides digital investment and trading platforms for users to invest in mutual funds, stocks, derivatives, IPOs, and other financial products.
What are the trading platforms provided by Paytm Money?
Paytm Money offers two trading platforms – Paytm Money App and Paytm Money Web, which allow users to trade in equity, F&O, mutual funds, IPOs, digital gold, and ETFs.
What kind of investment options are available on Paytm Money?
Paytm Money offers a variety of investment options, including mutual funds, stocks, derivatives, IPOs, and NPS. Users can also invest in digital gold and ETFs.
Is Paytm Money a safe platform for trading and investing?
Yes, Paytm Money is a safe and secure platform for trading and investing. It offers bank-grade security, two-factor authentication, and fingerprint & pin protection to ensure the safety of user’s investments.
What is the minimum investment amount required to start investing in mutual funds on Paytm Money?
The minimum investment amount required to start investing in mutual funds on Paytm Money is Rs. 100.
Can I open a Demat account on Paytm Money?
Yes, users can open a Demat account on Paytm Money. The process is completely online, and users need to complete the KYC process and submit necessary documents to open a Demat account.
Does Paytm Money charge any brokerage fees for trading in stocks?
Yes, Paytm Money charges a Maximum brokerage fee of Rs. 15 for every trade, irrespective of the trade value.
What kind of technical analysis tools are available on Paytm Money?
Paytm Money offers advanced technical analysis tools such as live market depth, advanced charting tools, and other technical indicators to help users make informed investment decisions.
Can I track my investment portfolio on Paytm Money?
Yes, users can easily track their investment portfolio on Paytm Money through the app or website. The platform provides a detailed view of holdings, profit and loss, and other important metrics.
How can I add funds to my Paytm Money account?
You can add funds to your Paytm Money account by linking your bank account and transferring funds through net banking or UPI.
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Disclaimer: The information in this article is only meant to be educational and informative. It should not be taken as financial advice. Investing in the stock market comes with risks. Before making any investment decisions, readers should carefully think about their own investment goals and how much risk they are willing to take. Before making any investment decisions, the reader should talk to a qualified financial advisor.