With the advancement in technology and rising awareness about investments, the count of online investors has surged. Today, Zerodha, Groww and Paytm Money have emerged as the most competent investment platforms in India. In this article, we have elaborated on the features and charges of the mentioned platforms to help you decide which is the best investment platform.
Zerodha
Zerodha is a name most people are familiar with. Founded in 2010, it offers share trading at BSE, NSE, MCX and NCDEX. It is the largest retail stockbroker in India with a 4 million+ customer base that offers the following services:
- Free trading for equities and derivatives
- Trading for currencies and commodities
- Zero commission mutual funds
Tools of Zerodha
- Kite: Kite is a trading software that comes with multiple analysis tools, indicators and data.
- Varsity: Varsity is a free online program that provides investors with educational resources.
- Coin: Coin is an investment platform that allows investors to directly buy or sell mutual funds from more than 40 Asset Management Companies (AMC).
Charges
| Account opening | ₹ 200 |
| Annual Maintenance Charges | ₹ 300 |
| Equities and mutual fund | ₹ 0 |
| Equity (intraday) and Futures & Options | ₹ 20 per trade or 0.03%, whichever is lower |
| Commodities and Currency Futures & Options | ₹ 20 per trade or 0.03%, whichever is lower |
| Auto Square off | ₹ 50 |
Click here to download Zerodha
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Groww
Groww is the leading mutual fund investment platform in India that was founded in 2016. Later in 2020, it widened its services and now offers stock trading and fixed deposits (FD) to its customers. The company also allows its 9 million+ users to invest in US stocks.
Charges
| Account opening | ₹ 0 |
| Annual Maintenance Charges | ₹ 0 |
| Equities and mutual fund | ₹ 0 |
| Equity intraday | ₹ 20 per trade or 0.05%, whichever is lower |
| Commodities and Currency | ₹ 20 per trade or 0.05%, whichever is lower |
| Auto Square off | ₹ 50 |
Paytm Money
Paytm Money is a fast-growing brokerage platform that was incorporated as a direct mutual fund platform in 2017. Later it expanded to other services including stocks, Exchange Traded Fund (ETF), digital gold, etc. The company has a 9 million+ customer base.
Apart from stocks, derivatives and mutual funds, Paytm Money provides its users to register for National Pension System (NPS) at a low fund management fee of 0.01%. It also allows investments in digital gold.
Charges
| Account opening | ₹ 200 |
| Annual Maintenance Charges | ₹ 300 |
| Equities and mutual fund | ₹ 0 |
| Equity (intraday) and Futures & Options | ₹ 10 per trade or 0.05%, whichever is lower |
| Auto Square off | ₹ 20 |
Click here to download Paytm Money
Bottom Line- Which is the best investment platform?
Out of Zerodha/Groww/Paytm Money, Groww and Paytm Money have impressive features and a massive user base. But the tools offered by Zerodha are matchless. If you are going to invest for the long term, Zerodha will suit you the best. On the other hand, if you’re an intraday trader, choose Groww or Paytm Money because of their competitive charges.
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