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

Find a Comparison of Paytm Money vs NJ Wealth here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Paytm Money and NJ Wealth.

Background

Year of Incorporation 2017 2000
Website https://www.paytmmoney.com/ https://www.njwealth.in/
Phone 07612796277 0261-6155000
Exchanges enabled BSE, NSE BSE, NSE
Demat (NSDL/CDSL) CDSL CDSL & NSDL
Brokerage

Equity 2.5% or Rs 20 per executed order, whichever is lower 0.1% - 0.2%
Equity Futures 0.02% or Rs 20 per executed order, whichever is lower 0.01% - 0.02%
Equity Options Rs 20 per lot Rs.10 - Rs.20 per Lot
Currency Futures Not Available 0.01% - 0.02%
Currency Options Not Available Rs.10 - Rs.20 per Lot
Commodity Not Available 0.01% - 0.02%
Account Opening Costs

Trading only Rs 200 Rs. 300
Trading & Demat Rs 200 Free
Commodity Not Available Rs.100
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0
Futures 0.003% of Turnover 0
Options 0.05% 0
Commodities Not Available 0
AMC charge Rs 0 Rs 250 per annum
DP Transaction Charge Rs. 13.5/- per sell transaction Rs 20
Offline order placing Charge 0 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday Yes Yes
End of Day Yes Yes
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 4x for Intraday Upto 2x for Delivery & Upto 7x for Intraday
Equity Futures Upto 2x for intraday Upto 4x
Equity Options 1x Upto 5X
Currency Futures Not Available Upto 1x
Currency Options Not Available Upto 3x
Commodity Not Available Upto 3x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Not Available Rs 1521.69 Crores
Profit after Tax FY12/13 Not Available Rs 2179.98 Crores
Profit after Tax FY13/14 Not Available Rs 2865.45 Crores
Profit after Tax FY 14/15 Not Available Rs 3452.44 Crores
Profit after Tax FY 15/16 Not Available Rs 5134.80 Crores
Profit after Tax FY 16/17 Not Available Rs 7568.40 Crores
Profit after Tax FY 17/18 Rs -1490.47 Crores Rs 4861.99 Crores
Profit after Tax FY 18/19 Rs -2,325.10 Crores Rs 2758.71 Crores
Profit after Tax FY 19/20 Rs -1,855.80 Crores Rs 1534.54 Crores
Profit after Tax FY 20/21 Rs -1,672.50 Crores Rs (125.87) Crores
Profit after Tax FY 21/22 Rs -1,476.20 Crores Rs (2413.70) Crores
Profit after Tax FY 22/23 Rs 170 Crores Rs 654.94 Crores
Debt FY11/12 Not Available Rs 37.58 Crores
Debt FY12/13 Not Available Rs 32.87 Crores
Debt FY13/14 Not Available Rs 58.90 Crores
Debt FY14/15 Not Available Rs 79.15 Crores
Debt FY15/16 Not Available Rs 159.36 Crores
Debt FY16/17 Not Available Rs 234.23 Crores
Debt FY17/18 Rs 8.96 Crores Rs 288.96 Crores
Debt FY18/19 Rs 17.64 Crores Rs 311.66 Crores
Debt FY19/20 Rs 24.17 Crores Rs 346.17 Crores
Debt FY20/21 Rs 22.46 Crores Rs 377.39 Crores
Debt FY21/22 Rs 24.41 Crores Rs 413.52 Crores
Debt FY22/23 Rs 36.35 Crores Rs 439.61 Crores
Profit to Equity(%) FY11/12 Not Available 27.45%
Profit to Equity(%) FY12/13 Not Available 29.40%
Profit to Equity(%) FY13/14 Not Available 21.23%
Profit to Equity(%) FY14/15 Not Available 20.42%
Profit to Equity(%) FY15/16 Not Available 26.64%
Profit to Equity(%) FY16/17 Not Available 38.11%
Profit to Equity(%) FY17/18 7.40% 40.27%
Profit to Equity(%) FY18/19 5.34% 41.34%
Profit to Equity(%) FY19/20 9.57% 43.50%
Profit to Equity(%) FY20/21 10.75% 46.15%
Profit to Equity(%) FY21/22 11.31% 45.31%
Profit to Equity(%) FY22/23 13.17% 44.90%
Balance Sheet Size FY11/12 Not Available Rs 6349.37 Crores
Balance Sheet Size FY12/13 Not Available Rs 6738.15 Crores
Balance Sheet Size FY13/14 Not Available Rs 6891.54 Crores
Balance Sheet Size FY14/15 Not Available Rs 7487.89 Crores
Balance Sheet Size FY15/16 Not Available Rs 7746.66 Crores
Balance Sheet Size FY16/17 Not Available Rs 7976.32 Crores
Balance Sheet Size FY17/18 Rs 3952.01 Crore Rs 8446.49 Crores
Balance Sheet Size FY18/19 Rs 10,751.75 Crores Rs 8561.64 Crores
Balance Sheet Size FY19/20 Rs 14,542.33 Crores Rs 8648.75 Crores
Balance Sheet Size FY20/21 Rs 16,356.60 Crores Rs 8864.61 Crores
Balance Sheet Size FY21/22 Rs 15,636.40 Crores Rs 9370.11 Crores
Balance Sheet Size FY22/23 Rs 14,988.80 Crores Rs 9691.38 Crores

Comparison Link:

Compare Paytm Money Compare NJ Wealth
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Frequently Asked Questions

Which is better, Paytm Money or NJ Wealth?

Paytm Money Securities and NJ Wealth are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.

Do Paytm Money and NJ Wealth offer mobile trading apps?

Yes, both Paytm Money Securities and NJ Wealth provide mobile trading apps for better user interface and seamless trading experience.

What are the account opening charges for NJ Wealth and Paytm Money?

The account opening charges by brokers Paytm Money and NJ Wealth for both trading and demat are zero. Charges may vary, kindly read the above comparison.

Which broker has a better reputation for reliability?

Both Paytm Money and NJ Wealth are SEBI-registered brokers with good reputations. Paytm Money is known for its trading platforms, while NJ Wealth is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

Yes, both Paytm Money and NJ Wealth offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.