InvestorQ : What is your view on Paytm entering the stock broking business in India?
sara Kunju made post

What is your view on Paytm entering the stock broking business in India?

Answer
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1 month ago


It can shake up the industry as the users are moving into the mobile domain more and more. It might take some time though as equity investors are not the fast movers for technology and like to hold on to old contacts and brokers.


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Mary Joseph answered.
1 month ago


Yes, the competition in India has intensified after Paytm makes its debut in the stockbroking business. Paytm will start at lower brokerage charges offering mutual fund investment products and pension-related schemes. Rs 15 will be charged in every trade by Paytm Money which is comparatively lower than others.


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1 month ago


Paytm Money is already into selling mutual funds and digital gold so stock broking is just a logical extension. The trading app is currently only available to limited Android users. SEBI has already permitted Paytm Money to foray into stock broking.

Currently, Zerodha holds 15% of retail trading volume in India with a sudden surge in client accretions seen during the lockdown. Paytm comes with the added advantage of strong brand recall in smaller cities and towns.