NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%
NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%

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.

IPOScanner Logo

IPOScanner helps investors track upcoming, live and past IPOs in one place with GMP, subscription, allotment status and listing performance insights.

About IPO Scanner

IPOScanner is built for investors who want a clear view of every IPO opportunity in one place. From upcoming issues to live subscription data, allotment updates and listing performance, we bring together the key details you need to track the primary market.

Our tools are designed to be simple, fast and investor-friendly so you can focus on evaluating businesses instead of opening multiple tabs and websites for basic information.

Details of client bank account
For any query / feedback / clarifications, email at
help@iposcanner.ai.

Please read all offer documents and risk disclosures carefully before investing. IPOScanner does not provide investment advice and information on this site should not be treated as a recommendation to apply for any IPO.

© 2026 IPO Scanner. All rights reserved.