Paytm Money hikes brokerage charges for new users

1 min read . Updated: 05 Aug 2022, 02:55 PM IST Livemint

Existing mutual fund investors on Paytm Money will also continue with the older charges, whenever they decide to open a demat and trading account. (iStockphoto)

The revised brokerage charges – ₹15 for stock delivery and intraday, futures and options – will be applicable to all new users who open a demat and trading account on Paytm Money on or after 5 August.

Paytm Money, a wealth management and trading platform, has increased brokerage charges for new users, while retaining all its existing users on its introductory pricing set at launch.

The revised brokerage charges – ₹15 for stock delivery and intraday, futures and options (F&O) – will be applicable to all new users who open a demat and trading account on Paytm Money on or after 5 August.

Paytm Money’s existing users (those who opened a trading & demat account or invested in mutual funds before 5 August) will continue trading with the brokerage charges set at launch – ₹0* for stock delivery and ₹10 for Intraday, Futures and Options trading.

In addition, existing mutual fund investors on Paytm Money will also continue with the older charges, whenever they decide to open a demat and trading account.

According to the company, the new pricing continues to be the lowest among the best in class brokers in the country.

The wholly-owned subsidiary of One97 Communications Ltd offers features such as futures & options dashboard, portfolio analytics and good till triggered orders (GTT), voice trading, advanced charting, super fast order management system, solid risk management to protect and ease equity and F&O trading.

“We are upholding our commitment to our existing users and retaining them on the brokerage charges that we set at launch. We have had an incredible couple of years building a platform that leverages technology to ease the trading experience for our fast growing community of a million strong Equity and F&O users. In the next phase of growth, we plan to enhance the trading experience for our users through innovative trading solutions and move towards profitability,“ Varun Sridhar, chief executive officer, Paytm Money.