Paytm Money goes live with stockbroking services on its platform

Widens product offering after mutual funds, pension schemes

The broking industry is likely to get even more competitive, with Paytm Money starting its stockbroking operations at lower brokerage charges as part of its introductory offer.

The platform was already offering investment in mutual fund products and national pension system products.

Traders prefer the discount broking model, as the brokerage charges are flat, regardless of the volume of trades. 

Paytm Money will charge Rs 15 per trade, against Rs 20 per trade charged by others.
 

Investors will have to bear Rs 250 annual charges plus goods and services tax (GST) annually, against Rs 500 charged by other brokers. The one-time account opening