Paytm Money vs Nuvama – Compare Charges, Trading Features, Offers & more

In the world of discount broking, two prominent names are Paytm Money and Nuvama. For brokerage-conscious investors, discount brokers are the best resort as they offer reliable stock trading services at reduced brokerage.

Paytm Money and Nuvama, both discount brokers, are registered with SEBI and are quite popular among stock traders and investors. If you don't want to splurge on heavy brokerage, you can choose from these two discount brokers. However, many times traders and investors get confused between Paytm Money and Nuvama. So, here is a post that does a thorough comparison of both the discount brokers and helps you choose the best between them.

 
 

Overview – Paytm Money vs. Nuvama

Paytm Money – Started its journey in 2019, Paytm Money has come a long way in the discount broking space. It allows traders and investors to invest in stocks, currency, and derivatives (F&O). It is a member of BSE and NSE. The broker was set up by IIFL founders.

Nuvama – Started in 2008, Nuvama is a registered discount broker based out of Bangalore. It offers stock and commodity trading services at NSE, BSE, and MCX. It also offers Demat services through its CDSL membership.

Paytm Money and Nuvama, both stockbrokers, rely heavily on the latest technology to offer best-in-class trading services to their clients.

Paytm Money vs Nuvama – A Comprehensive Company Overview and Comparison

Company Overview Paytm Money Nuvama
Company Type Private Private
Broker Type Discount Broker Full Service
Headquarters Bangalore Ahmedabad
Founder Vijay Shekhar Sharma Rashesh Shah
Establishment Year 2019 2008

Brokerage Charges Comparison of Paytm Money vs. Nuvama

Brokerage is an intrinsic part of any stock broker and it is the first thing traders and investors look at while investing. Below are the brokerage details of Paytm Money and Nuvama the stockbrokers. The following brokerage comparison would help you look at the both brokers side by side.

Paytm Money vs Nuvama - A Detailed Brokerage Comparison

Brokerage Paytm Money Nuvama
Brokerage Plan Standard Plan Lite Plan
Subscription Charges Zero Zero
Equity Delivery Rs.15 per Trade & 2.5% (whichever is low) Rs.10 per Trade or 0.01% (whichever is low)
Equity Intraday Rs.15 per Trade or 0.05% (whichever is Low) Rs.10 per Trade or 0.01% (whichever is Low)
Equity Future Rs.15 per Trade or 0.02% (whichever is low) Rs.10 per Trade
Equity Option Rs.15 per Trade Rs.10 per Trade
Commodity Future NA NA
Commodity Option NA NA
Currency Future NA Rs.10 executed order
Currency Option NA Rs.10 per Trade

Equity

Equity refers to the ownership in a business that one can buy through a broker.

Equity delivery: If you hold your share (equity) for more than two days in your Demat account and sell it after that, a percentage of the gain will go to the broker. While Paytm Money charges Rs.15 per Trade & 2.5% (whichever is low) per Trade based on whichever is of the lower value, Nuvama charges Rs.10 per Trade or 0.01% (whichever is low) per Trade equity delivery.

Equity Intraday: Paytm Money charges Rs.15 per Trade or 0.05% (whichever is Low) per trade.

Equity Futures: Nuvama charges Rs.10 per Trade, whereas Paytm Money charges Rs.15 per Trade or 0.02% (whichever is low) per trade.

Equity Options: Nuvama charges Rs.10 per Trade per trade, whereas Paytm Money charges Rs.15 per Trade per trade each order.

Currency

Currency Future: Nuvama charges Rs.10 executed order per trade for currency futures, whereas Paytm Money charges NA per trade, depending on which is the lower value.

Currency Options: Nuvama charges Rs.10 per Trade each trade for currency options, compared to NA per trade for Paytm Money.

Commodity

Commodity Future: Nuvama costs NA per trade for commodity futures, whereas Paytm Money charges NA per trade, depending on which is the lower value.

Commodity Options: Nuvama charges NA each trade, whereas Paytm Money charges NA per trade for commodity options.

Trading Platforms Comparison of Paytm Money vs. Nuvama

A trading platform lets traders and investors trade in stocks easily and effectively. Most stockbrokers offer trading platforms for desktop computers and smartphones. Both Paytm Money and Nuvama offer advanced trading platforms for Android and iOS systems. Also, one can access their account on web browsers through a web trading link.

Paytm Money vs Nuvama - A Complete Comparison of Trading Platforms

Trading Platforms Paytm Money Nuvama
Android App Paytm Money Android App Link Nuvama Android App Link
iOS App Paytm Money iOS App Link Nuvama iOS App Link
Web Trading Platform Paytm Money Web Trading Link Nuvama Web Trading Link
Trading Terminal NA Available
Algo Trading Platform Available Available
Foreign Stocks Trading Platform NA NA
Basket Trading Platform NA NA
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform NA NA
Bonds Investment Platform NA NA

Nuvama used an advanced technology named ANT, meaning Analysis & Trade. It comes with three basic features that are needed to invest in stocks and commodities. The backend technology behind ANY is Omnesys NEST. Some of the major features of ANT are customized trading strategies, advanced charts, superior speed, historical data, technical indicators, and enhanced accessibility etc. The application's mobile version, ANT Mobi, enables users to analyze and trade different financial instruments at NSE, BSE, and MCX. The app features easy-to-use tools, real-time market information, market analysis, quick order placement, etc.

On the other hand, Paytm Money also offers a wide range of trading platforms to its users including desktop application, web portal, and mobile application. The desktop application, Trade Station EXE, has features like quick funds transfer, advanced charting, customized watchlists, order slicing, shortcut keys, etc. It also provides algo trading tool that utilizes advanced technologies to enable automatic trading. Paytm Money mobile trading app has various features like robo advisory, advanced charting, mutual funds investment, SIP investments, real-time quote streaming, currency trading, etc.

Paytm Money vs. Nuvama – Comparison of Trading Features

Now, let's look at some of the major trading features offered by Paytm Money and Nuvama.

  • Wishlist: If you wish to monitor a company's stock or a digital commodity, you just need to it to your Wishlist for close monitoring.

  • Real-Time Updates: Get timely updates on market trends, stock prices, and other details with this feature.

  • Portfolio Details A portfolio refers to a detailed snapshot of your investments, including stocks, bonds, commodities, and more, all in one place.

  • Online MF Buy: This facility allows you to buy or sell mutual funds (MF) right from the trading platform or mobile application.

  • Research Reports: The above feature offers you a comprehensive overview of different stocks and sectors in the stock market.

  • Global indices: It provides real-time data on all leading global stock market indices such as Sensex and Nifty.

  • Customized Recommendations: Given your investment objectives, trading behavioral patterns, and other factors, this feature let you get personalized investment suggestions.

  • Stock tips: Get valuable tips on which stocks to buy, hold, or sell centered on market trends to generate profit.

  • Interactive charts: The chart enables you to see the variation in price movements of any individual stock or digital commodity, which helps you better analyze when to buy or sell.

  • Live market: Get live updates on market movements and trends.

  • Multi Profile Management: Manage multiple trading profiles from a single account.

  • Robust & Secure Platform: This feature ensures a secure trading environment with next-gen security features that would not put your money, security, or data at risk.

Paytm Money vs Nuvama - A Comprehensive Comparison of Trading Features

Trading Features Paytm Money Nuvama
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes Yes
Research Reports Yes Yes, chargeable
Global indices Yes Yes
Customised Recommendations No Yes
Stock tips No Yes
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management No No
Robust & Secure Platform Yes Yes

Paytm Money vs. Nuvama – Comparison of offer

A majority of stockbrokers offer several types of discounts and additional offers to both existing and potential clients. Let’s look at them.

Free Account Opening and Maintenance (AMC) - By doing away with the outdated paper method, a Demat (dematerialization account) enables you to retain your shares in digital form. The National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL), where depositors (brokers) place the securities, are governed by the Indian government.

They can now hold securities in electronic form, such as stocks, commodities, bonds, and exchange-traded funds (ETFs), thanks to the establishment of depository types like the CDSL and the NSDL. CDSL depository participants (DPs) include the brokers Paytm Money and Nuvama. When opening an account with the brokers, there are no demat fees.

However, once your demat account is opened, additional fees are assessed, including stamp duty, government fees, broker fees for each trade, and AMC (account maintenance fees), among others. Thankfully, there are no fees associated with the AMC. For the other brokerage fees, see 'Compare the Brokerage of Paytm Money with Nuvama'.

  • Free Brokerage: You can make a few trades using the aforementioned option without paying brokerage fees. This option is available through both Paytm Money and Nuvama brokerages, however it is restricted to particular trades.

  • Flat Brokerage: In contrast to the free brokerage charge, the flat brokerage charge levies a set fee irrespective of the volume of trades. This option is available through both brokerage firms, Paytm Money and Nuvama.

  • Flexible Brokerage Plans: Each broker provides a variety of brokerage plans, each with unique advantages. Depending on your unique trading requirements, you can select one. Nuvama offers this option, while Paytm Money does not.

  • Happy Trading Hours: Happy Trading Hours is where you can trade at reduced or zero trading fees at particular hours during the day. Both brokerage companies, Paytm Money and Nuvama, do not offer this option.

  • Free Delivery Trading: The above option lets you buy and hold your security without paying brokerage charges. While Paytm Money does provide this option, Nuvama does not.

  • Free Intraday Trading: Buying and selling your security during the same business day, generally from 9:15 a.m. to 3:30 p.m., is considered an intraday trade. Both brokerage companies, Paytm Money and Nuvama, do not offer this option.

  • Free F&O Trading: The above option allows you to participate in future and option trades without paying brokerage charges. However, neither the brokerage company Paytm Money nor Nuvama offers this option.

  • Free Research Reports: The above option offers you a detailed analysis of various stocks and sectors in the financial markets at no additional cost. However, neither the brokerage company Paytm Money nor Nuvama provides this option.

  • Free Trading Calls: It offers you trading signals or suggestions at no additional cost. However, neither the brokerage company Paytm Money nor Nuvama provides this option.

  • Referral Offers: Going by its name, referring your friend or family to the platform would benefit you. While Paytm Money gives Yes, Nuvama gives Upto Rs.1,000 per referral.

Paytm Money vs Nuvama - A Comparison of Latest Offers

Offers Paytm Money Nuvama
Free Account Opening No Yes
Free AMC No Yes
Free Brokerage No No
Flat Brokerage Yes Yes, Limited
Flexible Brokerage Plans No Yes
Happy Trading Hours No No
Free Delivery Trading No No
Free Intraday Trading No No
Free F&O Trading NA No
Free Research Reports No Yes
Free Trading calls No No
Referral Offers Yes Upto Rs.1,000 per referral
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No No

Offered Products Comparison of Nuvama vs. Paytm Money

When it comes to choosing a discount broker, it is necessary to look at different types of products offered by the Paytm Money and Nuvama.

Below is a table that highlights the products offered by the stockbrokers.

Paytm Money vs Nuvama – A Complete Comparison of Products

Products Provided Paytm Money Nuvama
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option No Yes
Commodity Future No Yes
Currency Option No Yes
Currency Future No Yes
Foreign Stocks No No
Mutual Funds Yes Yes
Banking No No
Insurance No Yes
Corporate Bonds No No
Govt. Bonds No No
Digital Gold No No
  • Equity Delivery: When the stock is allotted to your Demat account and it resides there for months or years before you choose to sell, it is called a delivery trade.

  • Equity Intraday: If you buy and sell your share (equity) within same business day, typically between 9:15 a.m. and 3:30 p.m. Then, it is called an intraday trade. Both discount brokers offer this product.

  • Equity Option: It refers to buying or selling a particular no. of shares (equity) at a particular date at pre-set price, it is called the strike price.

  • Equity Future: Purchasing or disposing of stock at a predetermined time, price, and quantity.

  • Commodity Option: Commodity options, which include raw materials or primary agricultural goods like gold, silver, or oil, entail the purchase or sale of a predetermined quantity of units on a predetermined date at a predetermined price, known as the strike price, within a predetermined time frame.

  • Commodity Future: Buying or disposing of digital commodities (such as agricultural goods or raw materials like gold, silver, or oil) at a predetermined time, price, and quantity in the future.

  • Currency Option: As the name implies, this option entails purchasing or disposing of currency (foreign exchange) at a given time, price, and quantity in the future.

  • Currency Future: Currency options (foreign exchange) entail the purchase or sale of multiple units on a given date at a predetermined price, known as the strike price, within a given time frame.

  • Foreign Stocks: Trading international equities while seated in India. To trade equities like Apple, Google, and others in India, for example, you could trade stocks from the USA.

  • Mutual Funds: Mutual funds (MF) combine your money with that of a number of other investors who share your interests in order to buy stocks, bonds, and other securities. The mutual fund aims to lower risk and diversify your investments.

Offered Services Comparison of Paytm Money vs. Nuvama

Now, let’s look at some of the major services offered by Paytm Money and Nuvama.

Paytm Money vs Nuvama – An In-Depth Comparison of Services Offered

Services Provided Paytm Money Nuvama
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes Yes
3 in 1 Account No No
Stock Research No Yes
Stock Recommendations No Yes
Trading Institution No Yes, Investology
Share Pledging Yes Yes
PMS or PCG No No
NRI Services No No
  • Demat Services: A Demat account is used to buy, hold and sell securities. Both brokerage companies, Paytm Money and Nuvama, offer Demat services.

  • Trading Services: Both brokerage companies, Paytm Money and Nuvama, provide this service.

  • Intraday Services: Both discount brokers, Paytm Money and Paytm Money, offer intraday trading services.

  • F&O Services: This option is available from both Paytm Money and Nuvama brokerages.

  • IPO Services: This option is available from both Paytm Money and Nuvama brokerages.

  • 3-in-1 account: This type of account is inclusive of a banking, demat, and trading account. Both Paytm Money and Paytm Money don't have this service.

  • Stock Research: Paytm Money and Nuvama do not provide this service.

  • Stock Recommendations: Both, Paytm Money and Nuvama do not offer this option.

  • Trading Institution: This option is available from both Paytm Money and Nuvama brokerage companies.

  • Share Pledging: You can pledge your previously purchased shares to purchase the new shares if you wish to purchase shares but do not want to make an additional financial commitment. This option is available from both Nuvama and Paytm Money brokerages.

  • PMS or PCG: Portfolio Management Services (PMS) or Private Client Group (PCG) provide tailored investment recommendations according to your requirements.

  • NRI Services: Non-Resident Indians (NRIs) can trade in the Indian market with the assistance of certain brokers. Nevertheless, Paytm Money and Nuvama do not offer this choice.

Stock Advisory Service Comparison of Paytm Money vs. Nuvama

Stock advisory is one of the prominent services offered by different stockbrokers. One major objective behind offering these services to help traders and investors in selecting the most appropriate stocks for trading or investment.

In the world of investing, stock advisory is provided by offering several other elements related to different stocks. These include company reports, research reports, fundamental reports, stock tips, IPO reports, annual reports, technical reports, daily top stock picks, daily market review, monthly review, weekly review. You can refer to the following table to determine what advisory product is provided by Paytm Money and Nuvama.

Paytm Money and Nuvama - A Detailed Comparison of Advisory Services

Advisory Paytm Money Nuvama
Fundamental Reports No Yes
Research Reports No Yes, chargeable
Company Reports No Yes
Annual Reports No Yes
IPO Reports No Yes
Technical Reports No Yes
Stock Tips No Yes
Daily Top Stock Picks No Yes
Daily Market Review No Yes
Monthly Review No Yes
Weekly Review No Yes
Relationship Manager No Yes
Robo Advisory No No

Exposure Comparison of Paytm Money vs. Paytm Money

Exposure can be stated as a proportion of an investment portfolio or in monetary terms. Regular exposure monitoring is crucial.

Let's find out the exposure provided by Paytm Money and Nuvama below.

Paytm Money and Nuvama - A Comprehensive Comparison of Trading Exposure

Exposure Paytm Money Nuvama
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Comparison of Programs by Paytm Money vs. Nuvama

There are more opportunities to profit from discussing and promoting Paytm Money & Nuvama, just like we did when we compared the Referral scheme in the first sections of this article. For example:

  • Sub-broker Program: You or your business may register as an agent of the broker, in this case Paytm Money or Nuvama, and conduct business (helping clients trade) under their supervision and registration.

  • Partner Program: By becoming a partner, you can earn commissions for generating leads and helping with marketing.

  • Referral Program: As the name implies, you would gain from introducing your loved ones to the website.

Paytm Money vs Nuvama - A Comparative Analysis of Programs

Programs Paytm Money Nuvama
Sub Broker Program Yes Yes
Partner Program Yes Yes
Referral Program Yes Yes

Customer Support Comparison of Paytm Money vs. Nuvama

Customer service is the foundation of any company. Any customer can become a devoted, long-term client thanks to it.

Below is a table highlighting the customer services offered by Paytm Money and Nuvama.

Paytm Money and Nuvama - A Comprehensive Comparison of Customer Support Services

Customer Support Paytm Money Nuvama
Trading Support Available, Chargeable Available, Chargeable
Dedicated Dealer Available, Chargeable Available, Chargeable
Call Support 080-46253716 022-66203030
Email Support info@paytmmoney.com Secretarial@nuvama.com
Whatsapp Support NA NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support NA NA
Branches / Offices NA NA

Ratings – Paytm Money vs. Nuvama

Examine and contrast all of the factors in detail, including the goods and services provided by Paytm Money & Nuvama and other brokers.

Here is how we have evaluated them:

Paytm Money vs Nuvama – Ratings Comparison and Insights

Ratings Paytm Money Nuvama
Overall Rating 8.85 / 10 8.41 / 10
Customer Support 8.81 / 10 8.38 / 10
Technology 8.95 / 10 8.51 / 10
Charges 8.88 / 10 8.45 / 10
Products & Service 8.79 / 10 8.36 / 10
Experience 8.77 / 10 8.34 / 10

Complaints – Paytm Money vs. Nuvama

The Securities and Exchange Board of India (SEBI), BSE, and NSE, in their capacity as regulators, constantly guarantee the security of investors by examining the operations of all brokers. Brokers that commit misconduct or ignore client’s risk having their licenses revoked. This is a summary of every complaint that has been filed and settled.

Paytm Money & Nuvama - A Comparison of Customer Complaints

Complaints Paytm Money Nuvama
Total Complaints Lodged 195 117
Total Complaints Resolved 172 102
% of Resolved Complaints 88.21% 87.18%
Non Actionable Complaints 18 7
% of Non Actionable Complaints 9.23% 5.98%

Transaction Charges Comparison of Paytm Money vs. Nuvama

As its name implies, transaction charges are levied by the stockbroker for carrying out each transaction.

The following table highlights the transaction charges levied by Paytm Money and Nuvama.

Paytm Money vs Nuvama – A Detailed Comparison of Transaction Charges

Transaction Charges Paytm Money Nuvama
Equity Delivery 0.00345% (NSE) & 0.00375% (BSE) 0.00335% (NSE) & As per Stock (BSE)
Equity Intraday 0.00345% (NSE) & 0.00375% (BSE) 0.00335% (NSE) & As per Stock (BSE)
Equity Future 0.002% (NSE & BSE) 0.002% (NSE & BSE)
Equity Option 0.053% (on premium) 0.053% (on premium)
Commodity Future NA 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
Commodity Option NA 0.05% (Non Agri)
Currency Future NA NA
Currency Option NA NA

Pledge Charges Comparison of Paytm Money vs. Nuvama

  • Pledge Creation Fees: The broker charges pledge creation charges when a trader borrows money to trade bigger volumes and pledge your stocks as security.

  • Pledge Invocation Fees: If the borrower does not supply further securities within a certain time frame, the broker will charge pledge invocation fees when pledge shared are sold.

  • Interest on Margin Trading: Interest on the loan or the margin amount is owed while trading on margin.

Paytm Money & Nuvama - A Comprehensive Comparison of Pledge Charges

Pledge Charges Paytm Money Nuvama
Pledge Creation Charges Rs.15 per Request Rs.7 per Request
Pledge Invocation Charges Rs.15 per Request Rs.7 per Request
Interest on Margin Trading 0.049% per day 0.05% per day

Hidden Charges Comparison of Paytm Money vs. Nuvama

Apart from the regular charges, different types of hidden charges may be levied by stockbrokers. They are:

  • SEBI Turnover Charges: All charges levied on the purchase or sale of stocks made through a stock exchange (BSE or NSE).

  • DP Charges: It refers to charges against the maintenance, administration and management of securities in your Demat account.

  • GST:The stockbroker transactions levy a Goods and Services Tax (GST) of 18%.

  • Account Closure Charges: The fees charged for closing any account, such as the checking, savings, or investment accounts.

  • Reactivation Charges: The standard fees and charges schedule highlights the fees for reinstating your services.

  • Dematerialization Charges: This amount is charged for transforming your physical shares and securities into digital or electronic versions.

  • Call & Trade Charges: The amount is charged for making transactions done on the client's behalf over the phone.

Paytm Money and Nuvama – A Detailed Comparison of Hidden Charges

Hidden Charge Paytm Money Nuvama
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.13.5 per Scrip only on Sell Rs.20 per Scrip
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Nil Rs.150
Reactivation Charges Nil Rs.100
Dematerialisation Charges Rs.250 per 100 Certificate Rs.18 per Certificate
Call & Trade Charges Rs.100 per Trade Rs.20 per Trade

Compare Demat Charges of Paytm Money vs Nuvama

When finalizing a broker, the key is to compare their Demat charges. Here is a breakdown of the competitive rate charged by Paytm Money and Nuvama:

Paytm Money vs Nuvama - A Detailed Comparison of Demat Charges

Demat Charges Paytm Money Nuvama
Account Opening Charges Rs.200 Free
Annual Maintenance Charges (AMC) Free Rs.500 (Free for first year)

Paytm Money vs Nuvama – Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are transaction fees charged by the government of India irrespective of the broker. Hence, the cost is the same for all brokers in India, and the government sets it.

Paytm Money vs Nuvama – A Comparative Analysis of STT and CTT Charges

STT & CTT Paytm Money Nuvama
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future NA 0.01% on sell (Non-Agri)
Commodity Option NA 0.05% on sell
Currency Future NA Nil
Currency Option NA Nil

Compare Stamp Duty of Paytm Money and Nuvama

Stamp duty is a form of government tax in India. You incur a stamp duty when the broker issues, sells, or transfers security (like stocks, currency derivatives, and commodities). The government collects stamp duty on all securities at the end of the day.

Paytm Money and Nuvama - A Comparison of Stamp Duty Charges

Stamp Duty Paytm Money Nuvama
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future NA 0.002% on buy
Commodity Option NA 0.003% on buy
Currency Future NA 0.0001% on buy
Currency Option NA 0.0001% on buy

Frequently Asked Questions


Is Paytm Money better than Nuvama?
Like shoes, the same size does not fit all. Even if we consider brokerage charges, account opening fees, trading platforms, and more, your trading needs are your own, and you are the best person to decide on the best platform for you.

Is Nuvama better than Paytm Money?
Like shoes, the same size does not fit all. Even if we consider brokerage charges, account opening fees, trading platforms, and more, your trading needs are your own, and you are the best person to decide on the best platform for you.

Is Paytm Money cheaper than Nuvama?
As the name suggests, discount brokers already do charge the fees on the lower side. Go to the specific security you want to trade in the list above, and you will know the cheapest between the brokers, Paytm Money and Nuvama

Is Nuvama cheaper than Paytm Money?
As the name suggests, discount brokers already do charge the fees on the lower side. Go to the specific security you want to trade in the list above, and you will know the cheapest between the brokers, Paytm Money and Nuvama.

Which is better, Nuvama vs. Paytm Money?
Compare the brokers Paytm Money and Nuvama based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, and other parameters to find the best broker.

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