Kotak Securities vs Paytm Money Review 2024 | Which Is Better
Kotak Securities vs Paytm Money
Kotak Securities, founded in 1994, is a full-service broker, It offers trading on the BSE, NSE, MCX, NCDEX. It operates 154 branches across India. while.Paytm Money , founded in 2017 , is a discount broker. It offers trading on the NSE and BSE. It has one branch across India.
Kotak Securities
Kotak Securities Ltd, founded in 1994, is a full-service stock broker that provides a 3-in-1 account (Bank + Trading + Demat Account) to individual investors in India. It provides investing opportunities in stocks, derivatives (equities, commodities, and currencies), and mutual funds. It also provides services like Research SMS, margin trading, depository services, and third-party products such as insurance. The company also offers direct access to the US market.
Kotak Securities is a division of Kotak Mahindra bank. In India, It provides a full-service stock broker regular investors with a 3-in-1 account (bank, trading, and demat). It provides investments in stocks, derivatives (equities, commodities, and currencies), and mutual funds. It also provides services such as Research SMS, margin trading, depository services, and third-party products like insurance.
Paytm Money
Paytm Money, on the other hand, attracts new and tech investors with
its user-friendly interface, low commissions and seamless integration with the Paytm
ecosystem. It stands out for its simplicity and accessibility, making it ideal for beginners. Both
platforms have their strengths, with Kotak suitable for in-depth trading and Paytm Money
facilitating and cost-effective investing.
Founded in 2017, Paytm Money Limited (commonly known as Paytm Money) is a discount
brokerage company based in Bengaluru. Paytm Money is a wholly owned subsidiary of
One97 Communications Ltd, India’s largest and leading digital products and mobile platform,
which also owns the Paytm Money brand. Paytm is an Indian e-commerce payment system
approved by the RBI. Paytm Money is a SEBI registered stockbroker and investment
advisor.
| Kotak Securities | Paytm Money | |
| Establishment Year | 1994 | 2017 |
| Founder | Jaideep Hansraj | Vijay Shekhar Sharma |
| Exchange of Membership | BSE, NSE, MCX, NCDEX | NSE, BSE |
| Broker Type | Full Service Broker | Discount Broker |
| Branches | 154 | 1 |
Kotak Securities vs Paytm Money Charges
| Charges | Kotak Securities | Paytm Money |
| Trade and Call Charge | Rs. 50 per Call | (₹50 + 18% GST) per order. |
| Minimum Brokerage Charges | Rs 21 per executed order | NA |
Kotak Securities vs Paytm Money Offers
| Offers | Kotak Securities | Paytm Money |
| Free AMC | ||
| Free Brokerage | , Limited | |
| Free Account Opening Charge | ||
| Flat Brokerage Charges | , Limited | Yes But limited |
| Free Brokerage Charges | ||
| Free Intraday Charges | ||
| Delivery Charges | ||
| Margin Funding and Pledging | ||
| Refferal Offers | 10% + Upto Rs.500 per Client | |
| Zero brokerage for Loss Making Trade | icon name=”times” prefix=”fas”], Limited | |
| Brokerage Cashback | ||
| Free Trading Calls | ||
| Free Research Report | ||
Kotak Securities vs Paytm Money Product Provided
| Type | Kotak Securities | Paytm Money |
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Option | ||
| Equity Future | ||
| Currency Option | ||
| Currency Future | ||
| Commodity Options | ||
| Commodity Future | ||
| Mutual Funds | ||
| Foreign stocks | ||
| Banking | ||
| Insurance | ||
| Digital Gold | ||
| Govt. Bonds | ||
| Corporate Bonds | ||
Kotak Securities vs Paytm Money Advisory Services Provided
| Type | Kotak securities | Paytm Money |
| IPO Service | ||
| Weekly and Monthly Review | ||
| Daily Stock Picks and Stock Tips | ||
| PMS or PCG | ||
| Trading Institution | ||
| Demat and Trading Service | ||
| Intraday Service | ||
| Share Pledging | ||
| NRI Service | ||
| 3 In 1 Account | ||
| Company and Annual Report | ||
| Stock Recommendation and Research report | ||
Features Of Kotak Securities vs Paytm Money
| Features | Kotak Securities | Paytm Money |
| Chart | ||
| Automated Trading | ||
| 3 in 1 Account | ||
| Sms Alerts | ||
| Margin Against Shares (Equity Cash) | ||
| Margin Against Shares (Equity F&O) | ||
| Online Portfolio | ||
| Online Demo | ||
| Intraday Square-Off Time | 3:50 PM | 3.15pm |
| Global Indices | ||
| Real Time Update | ||
| Stock Tips | ||
| Multi Profile Management | ||
| Interactive Charts | ||
| Customised Recommendation | ||
| Online MF Buy | ||
Kotak Securities vs Paytm Money Demat And AMC Charges
Kotak Securities trading account opening fees are zero (free), But SBI Securities account opening fees are Rs 850. Kotak Securities Demat Account AMC Charges are Rs 600, . While Paytm Money has Rs.0 annual maintenance cost (AMC) for trading accounts Many investors favour it because of its competitive cost, user-friendly layout, and excellent customer service.
| Charges | Kotak Securities | Paytm Money |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 600 | Rs 0 (Free) |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs. 0 (Free) |
Kotak Securities vs Paytm Money Brokerage Charges
Kotak Securities trading account opening fees are zero (free) , Kotak Securities Demat Account AMC Charges are Rs 600, whereas Paytm Money offers low-cost brokerage with no delivery fees and competitive rates for intraday and F&O trades Below the table shows brokerage charges of both the platforms.
| Brokerage Charges | Kotak Securities | Paytm Money |
| Brokerage Plan | Trade Free plan | NA |
| Equity Delivery | 0.25% or Rs.20 (whichever is higher) | Rs.15 per Trade & 2.5% (whichever is lower) |
| Equity Intraday | Free | Rs.15 per Trade or 0.05% (whichever is Lower) |
| Equity Option | Rs.20 per Trade | Rs.15 per Trade |
| Equity Future | Rs.20 per Trade | Rs.15 per Trade or 0.02% (whichever is lower). |
| Currency Option | Rs. 20 per Trade | NA |
| Currency Future | Rs. 20 per Trade | NA |
| Commodity Option | Rs. 20 per Trade | NA |
| Commodity Future | Rs. 20 per Trade | NA |
Kotak Securities vs Paytm Money Leverage (Margin)
The Kotak Securities margin for intraday trading is up to 20% of the transaction value (5x leverage) based on the stock, while the Paytm Money offers up to 20% of the trade value (5x leverage) for intraday cash transactions, whereas One margin for intraday trading allows up to 20% of the trade value (5x leverage) depending on the stock . Below the table shows leverage margin of both platform.
| Leverage | Kotak Securities | Paytm Money |
| Equity Delivery | 100% of trade value of (1x leverage) | Up to 20% of Trade Value (5x leverage) |
| Equity Intraday | Up to 20% of trade value of (5x leverage) | 100% of Trade Value (1x Leverage) |
| F&O (Currency, Equity, Commodity) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML Margin (Span + Exposure) (1x Leverage) |
Kotak Securities vs Paytm Money Pros And Cons
Pros:
| Kotak Securities | Paytm Money |
| 1)Online trading strategiesallow for brokerage-freeintraday trading. 2) Investors under the age of 30receive no broking fees acrossall sectors. 3) The company is part of arenowned private bank (KotakMahindra Bank. 4) The NEST trading platform isprovided to frequent traders. 5) Kotak Securities is abank-based broker thatprovides a three-in-one account. Online tradingstrategies allow forbrokerage-free intraday trading. | 1)A direct mutual fund platformthat increases your returns by1%. 2)No Upkeep Fees Andinstantaneous establishment of a digital account. 3)Investments in mutual fundsthat are free of hidden fees. 4)A direct mutual fund platformthat increases your returns by1%. Investments in mutual funds that have no additional fees. A direct mutual fund platform that increases your returns by 1%. 5)Straightforward anduncomplicated trading systems.6) Offers to invest in stocks,derivatives, mutual funds, NPS,and digital gold. |
Cons:
| Kotak Securities | Paytm Money |
| 1)Kotak Securities’ website andmobile app are not as good asnew-age brokers like Zerodhaand Upstox. 2) High equity delivery broking fees. 3) High AMC changes (Rs 66 each month). 4) The margin-funding facilitycauses misunderstandingamong investors, who end uppaying large interest costsunwittingly. 5) The customer is required topay a yearly plan membershipcharge of Rs 499. Broking isextremely high in thedealer-assisted brokingscheme. | 1)Fee for trading platforms: Rs.30 per month and No facility formargin trading. 2)There is no branch supportprovided and Order type for GTC is not available. 3)Trading in commodities andcurrencies is not possible. 4) No margin facility |
Complaints Of Kotak Securities vs Paytm Money
Data from 2024 reveals that Kotak Securities had more customer complaints than paytm Money when comparing the two companies. In particular, Kotak Securities received 435 complaints and resolved 335 whereas Paytm Money received 193 complaints and resolved 170. This shows that Paytm Money performs better in terms of customer service than Kotak Securities. as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
| Complaints | Kotak Securities | Groww |
| Total Complaints Lodged | 435 | 193 |
| Total Complaints Resolved | 365 | 170 |
| % Of Total Complaints Resolved | 83.60 % | 80.30% |
| Non Actionable Complaints | 21 | 27 |
| % Of Non Actionable Complaints | 5 % | 9.38% |
Kotak Securities vs Paytm Money Transactions Charges
Kotak Securities transaction charges for options are NSE Rs 5000 per crore (0.05%) | BSE Rs 3700 per crore (0.0375%) (based on premium). Firstly the transaction charges of Paytm Money is Flat fee of ₹ 20 or 0.05% (whichever is less) for each executed order in Intraday Commodities, Currency, and Equities Trading , also The exchange costs for options on Paytm Money are as follows: NSE Rs 345 per crore (0.00345%) | BSE Rs 375 per crore (0.00375%) (plus premium).. The table shows some of its transaction charges:
| Transaction Charges | Kotak Securities | Paytm Money |
| Equity Delivery | 0.00335% (NSE) & 0.00375% (BSE) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Intraday | 0.00335% (NSE) & 0.00375% (BSE) | NSE Rs 345 per Cr (0.00345%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Option | 0.0505% (on premium) | NSE Rs 5300 per Cr (0.053%) (on premium) |
| Equity Future | 0.002% (NSE & BSE) | BSE Rs 200 per Cr (0.002%) |
| Currency Option | 0.037% (NSE) & 0.001% (BSE) | NA |
| Currency Future | 0.0009% (NSE) & 0.00022% (BSE) | NA |
| Commodity Option | 0.05% (Non Agri) | NA |
| Commodity Future | NA | NA |
Review Comparison Of Kotak Securities vs Paytm Money By Customer
CICI direct is rated 7 of 10 , whereas Angel One is rated 8 of 10
| Rating | Kotak Securites | Paytm Money |
| Brokerage | 7.5/10 | 7.5/10 |
| Customers Service | 5/10 | 6/10 |
| Fees | 8.5/10 | 6.5/10 |
| Trading Platform | 7/10 | 7.5/10 |
| Research | 7.510 | 5/10 |
| Broker Rating | 6.5/10 | 8/10 |
| Overall Rating | 7.5/10 | 8/10 |
Conclusion: Kotak Securities provide strong trading platforms with distinct advantages. Kotak Securities is well-known for its advanced trading tools, research papers, and customer care. Its mobile app is both easy to use and full of features. However, broking fees to be greater.Paytm Money is praised for its low-cost architecture, intuitive user interface, and cutting-edge technologies like the Paytm Money platform. It is especially appealing to traders who are tech-savvy yet cost-conscious. Though both sites are trustworthy and regulated, the decision comes down to personal preferences: Paytm Money offers affordable costs and cutting-edge technology
Customer Care Number/Email
Kotak Securities: 1800-209-9191
Paytm Money :- 0120-3888388 / 0120-3925699
Client can contact this number for clearing your doubt.
Kotak Securities Support Email: service.securities@kotak.com
Paytm Money Email ID :- priority.kyc@paytmmoney.com
Client can contact on this email for clearing your doubt.
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