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

CategoryZerodhaPaytm Money
Basic Details
  • Broker Type: Discount broker
  • Founded: 2010
  • 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: Rs 0
  • Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)
  • Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.05% (whichever is lower)
Other Charges
  • Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty.
  • DP and depository-side transactional charges apply for applicable sell-side delivery flows.
  • Auto square-off charge listed (Rs 50).
  • Physical statement and courier fees can apply on request.
Leverage (Margin)
  • Intraday leverage can go up to around 20x in selected contexts.
  • Margin remains subject to segment-wise risk and exchange rules.
  • Margin funding and MTF support are available in product positioning.
  • Actual leverage depends on segment and risk policies.
Features
  • Market-leading client base and volume share.
  • Transparent flat-fee pricing model.
  • Strong mutual fund and wealth app roots.
  • GTT, GTC, CO, BO, and basket order support referenced.
Trading Platforms
  • Zerodha Kite (web and mobile)
  • Coin (mutual funds)
  • Paytm Money mobile app
  • Paytm Money web platform
Reviews & Ratings
  • Widely regarded as one of the top discount brokers in India.
  • In this extract, no single combined numeric rating table is displayed.
  • 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
  • F&O
  • Equity and F&O
  • Mutual funds and SIP
Order Types Offered
  • Standard market, limit, and intraday order flows
  • Derivatives execution and strategy-linked tools via ecosystem partners
  • GTT and GTC
  • CO and BO
Suitable For (Investor Type)
  • Investors seeking transparent low brokerage and direct MF investing.
  • Active traders preferring robust charting/tool ecosystem.
  • App-first investors and traders seeking all-digital flow.
  • Users wanting combined mutual fund plus stock execution.
Pros and Cons
  • Pros:
  • Zero delivery brokerage and low flat intraday/F&O fees.
  • Pros:
  • Broad digital investing stack with useful advanced order features.

Detailed Comparison

Basic Details

ZerodhaPaytm Money
  • Broker Type: Discount broker
  • Founded: 2010
  • SEBI Registration: INZ000031633
  • NSE Member Code: 13906
  • Net Worth: Rs 14374.75 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

ZerodhaPaytm Money
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0
  • Demat AMC: Rs 300 per year
  • 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

ZerodhaPaytm Money
  • Equity Delivery: Rs 0
  • Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)
  • Equity Futures: Flat Rs 20 or 0.03% (whichever is lower)
  • Equity Options: Flat Rs 20 per executed order
  • Mutual Funds (direct): Rs 0
  • 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

ZerodhaPaytm Money
  • Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty.
  • DP and depository-side transactional charges apply for applicable sell-side delivery flows.
  • Auto square-off charge listed (Rs 50).
  • Physical statement and courier fees can apply on request.
  • Usual statutory and exchange charges apply.

Leverage (Margin)

ZerodhaPaytm Money
  • Intraday leverage can go up to around 20x in selected contexts.
  • Margin remains subject to segment-wise risk and exchange rules.
  • Margin funding and MTF support are available in product positioning.
  • Actual leverage depends on segment and risk policies.

Features

ZerodhaPaytm Money
  • Market-leading client base and volume share.
  • Transparent flat-fee pricing model.
  • Strong ecosystem: Kite, Coin, Varsity, and partner tools.
  • Strong mutual fund and wealth app roots.
  • GTT, GTC, CO, BO, and basket order support referenced.
  • Advisory and market education content ecosystem.

Trading Platforms

ZerodhaPaytm Money
  • Zerodha Kite (web and mobile)
  • Coin (mutual funds)
  • Ecosystem tools: Streak, Sensibull, Smallcase, and more
  • Paytm Money mobile app
  • Paytm Money web platform

Reviews & Ratings

ZerodhaPaytm Money
  • Widely regarded as one of the top discount brokers in India.
  • In this extract, no single combined numeric rating table is displayed.
  • 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

ZerodhaPaytm Money
  • Equity
  • F&O
  • Currency and commodity
  • IPO, bonds, G-Secs
  • Direct mutual funds
  • Equity and F&O
  • Mutual funds and SIP
  • IPO and ETFs
  • Bonds and NPS

Order Types Offered

ZerodhaPaytm Money
  • Standard market, limit, and intraday order flows
  • Derivatives execution and strategy-linked tools via ecosystem partners
  • GTT and GTC
  • CO and BO
  • Basket orders
  • Standard market and limit order workflows

Suitable For (Investor Type)

ZerodhaPaytm Money
  • Investors seeking transparent low brokerage and direct MF investing.
  • Active traders preferring robust charting/tool ecosystem.
  • Beginners and advanced users due to education plus platform depth.
  • 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

ZerodhaPaytm Money
  • Pros:
  • Zero delivery brokerage and low flat intraday/F&O fees.
  • Strong product ecosystem and technology maturity.
  • Trusted and transparent pricing structure.
  • Cons:
  • No branch-heavy assisted full-service model.
  • Some advanced workflows rely on external integrated tools.
  • 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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