The most prevalent piece of personal finance advice is to invest in mutual funds. We can now easily follow that advice thanks to mutual fund apps.
Summary
| Demat Account | Paytm Money | Zerodha |
| Founded | 2017 | 2010 |
| Demat AMC | Rs 300 | Rs 300 |
| Website | Click Here | Click Here |
But then there’s the issue of abundance. There are far too many apps to pick from. Groww, Kuvera, Paytm Money, and Zerodha Coin are some of the most popular cryptocurrencies. Which mutual fund app in India is the best?
In this essay, we compare Paytm Money vs Zerodha in detail to help you decide which one best meets your needs.
Zerodha
At this time, Zerodha is the greatest stockbroker. They have the best online trading platform, the lowest brokerage fees, and the most transparent stockbroker.
The most technologically advanced stockbroker in India is Zerodha. Zerodha has developed its trading software, which includes Zerodha Kite (a web and mobile trading app), Coin (a mutual fund investment platform), Varsity (an investor education program), Trading Q&A, and a variety of additional tools.
They are India’s fastest-growing fintech company because of continuous improvement and innovation.
Paytm Money
Paytm Money is a stockbroker and investment advisor licensed with the Securities and Exchange Board of India (SEBI).
The company is a CDSL depository participant as well as a member of the NSE and BSE. Paytm Money began as a platform for investing in mutual funds directly.
Paytm Money increased its product offering in the late 2020s to include a pension plan, equity trading, IPO investment, ETFs, and digital gold. On its trading platform, the company has established F&O trading services.
Paytm Money has low trading fees and offers free Equity Delivery trading. Paytm Money provides free mutual fund services, which include no fees for investing or redeeming the funds.
| Overview | Zerodha | Paytm Money |
| Broker Type | Discount Broker | Discount Broker |
| Type of company | Private | Private |
| Headquarter | Bangalore | New Delhi |
| Founders | Nithin Kamath | Vijay Shekhar Sharma |
| Foundation Year | 2010 | 2019 |
| Supported Exchanges | NSE, BSE, MCX, and NCDEX | BSE and NSE |
| Total branches | 22 | 1 |
Paytm Money vs Zerodha Investment options
| Investment Options | Paytm Money | Zerodha |
| Stock / Equity | Yes | Yes |
| Commodity | NA | Yes |
| Currency | NA | Yes |
| Initial Public Offers | Yes | Yes |
| Mutual Funds | Yes | Yes |
| Dept | NA | NA |
| NCD | NA | NA |
Paytm Money vs Zerodha Charges
| Charges | Zerodha | Paytm Money |
| Charges for opening a trading account | ₹ 200/- (₹ 300 if you want to send the form for opening an account) | ₹ 200/- |
| Trading Account Annual Maintenance Charges | ₹0 | ₹0 |
| Charges for opening a demat account | ₹100/- | ₹0 |
| Demat account annual maintenance charges | ₹300/- | ₹0 (Free) |
Paytm Money vs Zerodha Charges Brokerage
| Brokerage | Zerodha | Paytm Money |
| Equity delivery | ₹0 | ₹ 0 (minimum Rs 0.01 per executed trade) |
| Intraday delivery | 0.01% or ₹ 20 per trade | ₹ 10 per executed order or 0.05% whichever is less |
| Equity futures | 0.01% or ₹ 20 per trade whichever is less | ₹ 10 per executed order |
| Equity options | 0.01% or ₹ 20 per trade whichever is less | ₹ 10 per executed order |
| Currency futures | 0.01% or ₹ 20 per trade whichever is less | ₹ 10 per executed order or 0.05% whichever is less |
| Currency options | 0.01% or ₹ 20 per trade whichever is less | ₹ 10 per executed order or 0.05% whichever is less |
| Commodity | 0.01% or ₹ 20 per trade whichever is less | ₹ 10 per executed order or 0.05% whichever is less |
| Brokerage calculation | Zerodha Brokerage Calculator | Paytm Money Brokerage Calculator |
Paytm Money vs Zerodha Offers
| Offers | Zerodha | Paytm Money |
| Free Stock Trading Account | No | Yes |
| Free Demat Account | N/A | N/A |
| Flexible Plans | N/A | Yes |
| Brokerage Discounts | Yes | Yes |
| Happy Hours | N/A | N/A |
| One Month Free Plan | N/A | N/A |
| Holiday Offers | N/A | N/A |
| Referral Program | N/A | Yes |
| Zero Brokerage on Loss Trades | N/A | N/A |
Paytm Money vs Zerodha Trading Platform
| Paytm Money | Zerodha | |
| Web Platform | Yes | Yes |
| Android Mobile App | Yes | Yes |
| Desktop Windows | No | Yes |
| Desktop Mac | No | No |
| I-Pad App | Yes | Yes |
| Virtual Trading | No | No |
| iPhone Mobile App | Yes | Yes |
Paytm Money vs Zerodha Pros & Cons
Paytm Mony Pros and Cons
Pros
- Paytm Money Pros
- Intraday and F&O have the lowest brokerage rates at Rs 10 per trade.
- commission Investing in mutual funds for free
- Both the Demat and Trading accounts have no maintenance fees.
- Opening a digital account in seconds
- Give people the chance to invest in digital gold and NPS.
- Simple and robust trading systems.
Cons
- There isn’t any offline branch support.
- There is no option for a three-in-one account.
- Trading of commodities is not available.
- There are no trading options available: GTC (Good Until Cancelled) and GTT (Good Until Terminated) orders
- Do not provide services to non-resident Indians (NRIs).
- Trading without a margin facility
Zerodha Pros and Cons
Pros
- For stock trading, there is a set fee.
- Own DP services are available.
- Excellent customer service.
- Brokerage and Margin Calculator that works well.
- On intraday trading, it offers up to 20x leverage.
- Provides the most cutting-edge online trading tools.
- Provides the ability to apply for an initial public offering (IPO) online.
- Customers of Zerodha can participate in a referral program.
- On equity delivery and mutual funds, there is no brokerage fee.
Cons
- There will be no margin money.
- Call and trade expenses are quite high, at $50 per call.
- Doesn’t offer stock recommendations, research reports, or stock advice.
- There are no unlimited trading plans available.
Conclusion
It’s also worth noting that Zerodha was launched in 2010, whilst Paytm Money is a relatively new player on the market.
Zerodha has risen to the top of the market thanks to its transparent transactions and wide range of services. They’re well-known for their minimal brokerage fees and easy-to-use website.
Zerodha’s team innovates and develops new ideas in response to client input, while also having the necessary knowledge to survive and thrive in a highly volatile and competitive market.
Paytm Money, on the other hand, has positioned itself as one of the main discount brokers despite its lack of experience.
To figure out which app is perfect for you, consider the suggestions above, pick the ones that appeal to you, and go trading.
You should also give a try to 5paisa DEMAT ACCOUNT and ICICI Demat Account.
FAQ
Is Paytm Money superior to Zerodha?
Yes, Zerodha money is superior to Paytm money due to the unique offers that Zerodha provides.
Paytm money was formed in 2017, while Zerodha has been in the stock brokerage business for a decade.
When compared to Paytm money, Zerodha’s experience, knowledge, tools, and trading possibilities are far more visible and useful.
Is Paytm Money more cost-effective than Zerodha?
Both Zerodha and Paytm Money are cheap brokerage firms. The brokerage fees are often reduced because these are discount brokers.
In general, both of these brokers’ brokerage fees will be relatively similar. Examine the brokerage charges in-depth to discover the cheapest broker for your needs.
Amit Gupta is the creator of FreeDematAccount.in, a website that specializes in Demat accounts and provides assistance to all its users in navigating through complicated decisions. After completing his high school certification, Amit spent half a decade learning about Demat accounts from brokerages. Before forming FreeDematAccount.in, Amit worked for a Demat account brokerage.