Paytm Money and Groww are both online discount brokers that started as Direct Mutual Fund platforms. They both offer low-cost brokerage services and free mutual fund services to their customers.
Paytm Money offers to invest in Stocks, Mutual Funds, NPS, Digital Gold, F&O, IPO, and ETF. Groww provides its customers to invest in Stocks, Mutual Funds, US Stocks, IPO, Digital Gold, and Fixed Deposits.
Paytm Money charges Rs.200 for opening an account, whereas Groww offers free account opening to its customers. Paytm Money offers free Equity Delivery trading while Groww charges a lower of Rs.20 or 0.05% of trade value per executed order.
Read Paytm Money vs Groww for a more detailed comparison.