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HomeStock BrokerGroww vs Paytm Money

Groww vs Paytm Money

Side-by-side view of features, pricing context, and platform fit.

Groww

Groww

Active Clients: 1,24,80,505

Groww is a Bangalore-based online brokerage firm operating under Groww Invest Tech Pvt Ltd, a SEBI-registered broker and member of the NSE and BSE. Initially, it began as a direct mutual fund platform, and subsequentl...

Paytm Money

Paytm Money

Active Clients: 8,60,278

Founded in 2017, Paytm Money has emerged as a leading Indian wealth management platform, utilizing technology to simplify investment processes. It enables investments across a wide range of assets, including equities,...

Side-by-Side Compare Table

CategoryGrowwPaytm Money
Basic Details
  • •Broker Type: Digital-first discount broker
  • •Founded: 2016 (broking entity expanded later from MF platform)
  • •Broker Type: Digital-first discount-style broker and wealth platform
  • •Founded: 2017
Charges & AMC
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0
  • •Account opening is shown as digital and low-cost (source also references Rs 200 in one section).
  • •Maintenance charges are positioned as low/zero in key offers.
Brokerage
  • •Equity Delivery: Lower of Rs 20 or 0.05% per order
  • •Equity Intraday: Lower of Rs 20 or 0.05% per order
  • •Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.05% (whichever is lower)
Other Charges
  • •Auto square-off charge: Rs 50
  • •Statutory and exchange charges apply separately.
  • •Auto square-off charge listed (Rs 50).
  • •Physical statement and courier fees can apply on request.
Leverage (Margin)
  • •Margin and leverage depend on segment and risk policy.
  • •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
  • •Margin funding and MTF support are available in product positioning.
  • •Actual leverage depends on segment and risk policies.
Features
  • •Paperless onboarding and simple UX.
  • •Strong mutual fund and retail investing workflow.
  • •Strong mutual fund and wealth app roots.
  • •GTT, GTC, CO, BO, and basket order support referenced.
Trading Platforms
  • •Groww Mobile App
  • •Groww Web Platform
  • •Paytm Money mobile app
  • •Paytm Money web platform
Reviews & Ratings
  • •Positioned as beginner friendly with strong app adoption.
  • •In this source snapshot, no single numeric consolidated rating table is shown.
  • •Positioned as low-cost, digital-first platform with large user base.
  • •Source extract includes ratings section heading but not a full visible numeric table in this slice.
Investment Options
  • •Equity
  • •Intraday and derivatives
  • •Equity and F&O
  • •Mutual funds and SIP
Order Types Offered
  • •Standard market and limit order flows
  • •App and web based execution
  • •GTT and GTC
  • •CO and BO
Suitable For (Investor Type)
  • •First-time investors preferring clean mobile-first experience.
  • •Cost-conscious users who also invest in direct mutual funds.
  • •App-first investors and traders seeking all-digital flow.
  • •Users wanting combined mutual fund plus stock execution.
Pros and Cons
  • •Pros:
  • •Zero opening/AMC and low brokerage.
  • •Pros:
  • •Broad digital investing stack with useful advanced order features.

Detailed Comparison

Basic Details

GrowwPaytm Money
  • •Broker Type: Digital-first discount broker
  • •Founded: 2016 (broking entity expanded later from MF platform)
  • •SEBI Registration: INZ000301838
  • •NSE Member Code: 90187
  • •Net Worth: Rs 1433.11 Cr
  • •Broker Type: Digital-first discount-style broker and wealth platform
  • •Founded: 2017
  • •SEBI Registration: INZ000240532
  • •NSE Member Code: 90165
  • •Net Worth: Rs 383.59 Cr

Charges & AMC

GrowwPaytm Money
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0
  • •Demat AMC: Rs 0
  • •Account opening is shown as digital and low-cost (source also references Rs 200 in one section).
  • •Maintenance charges are positioned as low/zero in key offers.
  • •No branch-led offline opening model.

Brokerage

GrowwPaytm Money
  • •Equity Delivery: Lower of Rs 20 or 0.05% per order
  • •Equity Intraday: Lower of Rs 20 or 0.05% per order
  • •Equity Futures: Flat Rs 20 per order
  • •Equity Options: Flat Rs 20 per order
  • •Direct Mutual Funds: Rs 0 commission
  • •Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.05% (whichever is lower)
  • •Equity Futures: 0.02% or up to Rs 20 per order
  • •Equity Options: Rs 20 per order

Other Charges

GrowwPaytm Money
  • •Auto square-off charge: Rs 50
  • •Statutory and exchange charges apply separately.
  • •Auto square-off charge listed (Rs 50).
  • •Physical statement and courier fees can apply on request.
  • •Usual statutory and exchange charges apply.

Leverage (Margin)

GrowwPaytm Money
  • •Margin and leverage depend on segment and risk policy.
  • •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
  • •Margin funding and MTF support are available in product positioning.
  • •Actual leverage depends on segment and risk policies.

Features

GrowwPaytm Money
  • •Paperless onboarding and simple UX.
  • •Strong mutual fund and retail investing workflow.
  • •Unified app for stocks, IPOs, ETFs, and MFs.
  • •Educational resources via blogs and ebooks.
  • •Strong mutual fund and wealth app roots.
  • •GTT, GTC, CO, BO, and basket order support referenced.
  • •Advisory and market education content ecosystem.

Trading Platforms

GrowwPaytm Money
  • •Groww Mobile App
  • •Groww Web Platform
  • •915 by Groww (advanced web terminal)
  • •Paytm Money mobile app
  • •Paytm Money web platform

Reviews & Ratings

GrowwPaytm Money
  • •Positioned as beginner friendly with strong app adoption.
  • •In this source snapshot, no single numeric consolidated rating table is shown.
  • •Positioned as low-cost, digital-first platform with large user base.
  • •Source extract includes ratings section heading but not a full visible numeric table in this slice.

Investment Options

GrowwPaytm Money
  • •Equity
  • •Intraday and derivatives
  • •IPO
  • •ETFs
  • •Direct mutual funds
  • •Digital gold
  • •Equity and F&O
  • •Mutual funds and SIP
  • •IPO and ETFs
  • •Bonds and NPS

Order Types Offered

GrowwPaytm Money
  • •Standard market and limit order flows
  • •App and web based execution
  • •Advanced workflow through 915 terminal for active users
  • •GTT and GTC
  • •CO and BO
  • •Basket orders
  • •Standard market and limit order workflows

Suitable For (Investor Type)

GrowwPaytm Money
  • •First-time investors preferring clean mobile-first experience.
  • •Cost-conscious users who also invest in direct mutual funds.
  • •Traders seeking simple flat-fee execution.
  • •App-first investors and traders seeking all-digital flow.
  • •Users wanting combined mutual fund plus stock execution.
  • •Retail traders who use advanced order types.

Pros and Cons

GrowwPaytm Money
  • •Pros:
  • •Zero opening/AMC and low brokerage.
  • •Strong digital onboarding and usability.
  • •Commission-free direct mutual funds.
  • •Cons:
  • •Limited offline support model.
  • •Advisory depth is lower than traditional full-service broker setups.
  • •Pros:
  • •Broad digital investing stack with useful advanced order features.
  • •Low-cost brokerage cap structure.
  • •Strong integration with investor education and content.
  • •Cons:
  • •No branch-support model for offline users.
  • •Account opening and fee terms can vary by campaign and segment.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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