Groww vs Paytm Money
Brokerage, charges, app and account-opening compared side-by-side for Groww and Paytm Money — the verified numbers, not the marketing pitch.
Who each broker fits
Beginner and cost-conscious DIY investors who want a single, simple app for direct mutual funds, stocks, IPOs and F&O at flat, low brokerage.
Cost-conscious retail investors and traders who want a single low-cost digital app for direct mutual funds, stocks, F&O and IPOs, including those wanting free algo-trading API access.
Groww vs Paytm Money at a glance
The verified numbers side-by-side — broker size, account cost and headline brokerage on each broker’s default plan. The lower cost (or larger client base) in each row is highlighted. STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges apply on top — see the full landed cost on the brokerage calculator.
| Feature | Groww | Paytm Money |
|---|---|---|
| Active clients (NSE) | 1.30 Cr | 8.62 L |
| Account opening | Rs 0 (free demat and trading account opening) | Rs 0 (free); a one-time KYC/account-setup charge has been reported by third parties |
| Demat AMC | Rs 0 (no annual maintenance charges) | Rs 0 (lifetime free demat AMC) |
| Equity delivery | ₹20 / 0.1% (min ₹5) | Flat ₹20 |
| Equity intraday | ₹20 / 0.1% (min ₹5) | Flat ₹20 |
| Futures | Flat ₹20 | Flat ₹20 |
| Options | Flat ₹20 | Flat ₹20 |
| DP charges (sell side) | ₹20 | ₹13.5 |
| Default plan | Flat ₹20 | Standard |
The apps compared
- Stocks, mutual funds, US stocks, and FDs in one app
- IPO application via UPI
- Direct mutual funds — zero commission, one-tap SIP
- Portfolio tracker with P&L view
- Invest in stocks and ETFs on NSE and BSE, plus Futures & Options (F&O) trading
- Direct mutual funds with zero commission and SIPs, including Stock SIP
- IPO investing and access to bonds and fixed-income products
- Margin Trading Facility (MTF) and margin pledge
- TradingView charts with technical indicators and watchlists
- Advanced order types including iceberg, AMO, and time-based validity
Which one should you pick?
No single broker wins for every investor. The right pick depends on what you actually trade — and the “cheaper” broker on one segment can be the more expensive one on another. Use the calculators below to plug in your typical trade size and see the real landed cost for each.
Groww is one of India's largest discount brokers.
Paytm Money is a SEBI-registered discount broker by One 97 Communications.
Frequently asked
What people ask about Groww vs Paytm Money.
On equity delivery, Groww charges ₹20 / 0.1% (min ₹5) and Paytm Money charges Flat ₹20. On intraday, Groww is ₹20 / 0.1% (min ₹5), Paytm Money is Flat ₹20. On options, Groww is Flat ₹20, Paytm Money is Flat ₹20. Brokerage is one side of the story — STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges also apply. Compare the all-in landed cost on the brokerage calculator before deciding.
Beginner and cost-conscious DIY investors who want a single, simple app for direct mutual funds, stocks, IPOs and F&O at flat, low brokerage. Cost-conscious retail investors and traders who want a single low-cost digital app for direct mutual funds, stocks, F&O and IPOs, including those wanting free algo-trading API access. Beginners typically care more about the app experience and the onboarding flow than the last ₹2 of brokerage — open the apps on the Play Store or App Store and look at the one you would actually use every week.
Yes. SEBI allows multiple trading accounts. Your demat can be with one broker and a separate trading account with another. Many active traders keep two — a low-cost discount broker for execution and a full-service broker for research. Watch the AMC and inactivity charges on whichever account you use less.
Both are SEBI-registered and members of NSE / BSE. Demat sits with CDSL or NSDL — the broker doesn't hold your shares, the depository does. Funds are in a SEBI-regulated client bank account separate from the broker's own funds. The bigger risk to manage is account-level fraud (phishing, OTP sharing), which is identical across brokers.
Open the Paytm Money account online with PAN, Aadhaar and bank details. Then use the CDSL / NSDL "off-market transfer" / DIS or the new EASI-EASIEST transfer flow to move shares from Groww's demat to Paytm Money's. You don't need to sell anything. Close the old account afterwards to stop the AMC.