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Paytm Money alternatives: 5 apps ranked by verified data

Facts checked Nov 8, 2026AppBreakup editorialHow we rankAll investing and stock trading apps

Top picks

Common reasons people leave Paytm Money: free brokerage for new users is capped and lasts only a month, and no US stocks, unlike Groww, Dhan or INDmoney. We ranked 5 alternatives by how directly each one replaces Paytm Money, then by reviews, real visits and how recently each app's facts were checked against its own website. Groww currently ranks first.

Quick comparison

#AppPricingVerified priceOpen sourcePlatformsVerified factsScore
1Groww logoGrowwFree plan + paid—NoWeb, Android, iOS7 of 768.8
2Zerodha Kite logoZerodha KiteFree plan + paid—NoWeb, Android, iOS8 of 864.8
3Upstox logoUpstoxFree plan + paid—NoWeb, Android, iOS7 of 761.8
4Dhan logoDhanFree plan + paid—NoWeb, Android, iOS10 of 1059.4
5Angel One logoAngel OneFree plan + paidLower of ₹20 or 0.1% per executed equity orderNoWeb, Android, iOS9 of 957.5
  1. Groww logo

    1. GrowwTop pick

    Best for: First-time investors in India who want mutual funds and stocks in one simple app

    Free plan + paidWeb, Android, iOS

    68.8

    score / 100

    Why switch from Paytm Money

    Similar all-in-one app for mutual funds and stocks, with US stocks too.

    Pros

    • No account opening or maintenance charges
    • Direct mutual funds and SIPs with zero commission
    • Beginner-friendly app that also covers US stocks and IPOs

    Cons

    • Equity delivery trades carry brokerage, unlike Zerodha's ₹0
    • Advanced trading tools are split into separate terminal products
    • Runs its own mutual funds alongside third-party ones
    Visit Groww Details and reviews
    How this score is calculated
    Editorial fit ×0.3100
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is Groww a good Paytm Money alternative?

    Verified facts

    7 of 7 verified
    Account opening
    ₹0
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    Account maintenance
    ₹0
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    Equity brokerage
    ₹20 or 0.1% per order, whichever is lower
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    Customers
    50 million+
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    Mutual funds
    Direct funds at zero charges
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    MTF interest
    14.95% a year on the funded amount
    Checked Nov 8, 2026groww.in(opens source in a new tab)
    Pledge charge
    ₹20 per ISIN
    Checked Nov 8, 2026groww.in(opens source in a new tab)
  2. Zerodha Kite logo

    2. Zerodha Kite

    Best for: Self-directed Indian investors and active traders who want low, flat fees and a clean charting app

    Free plan + paidWeb, Android, iOS

    64.8

    score / 100

    Why switch from Paytm Money

    Free equity delivery trades and deeper tools for when you trade more often.

    Pros

    • No brokerage on equity delivery trades or direct mutual funds
    • Flat ₹20 cap per intraday or F&O order
    • Detailed charts, 20-level market depth and GTT orders
    • Free Varsity courses and a public trading API

    Cons

    • Annual demat maintenance charge after the first year for many accounts
    • No research reports or stock recommendations
    • Mutual funds live in a separate Coin app rather than inside Kite
    Visit Zerodha Kite Details and reviews
    How this score is calculated
    Editorial fit ×0.387
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is Zerodha Kite a good Paytm Money alternative?

    Verified facts

    8 of 8 verified
    Equity delivery brokerage
    ₹0
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Intraday and F&O brokerage
    ₹20 or 0.03% per order, whichever is lower
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Account opening
    Free for individual accounts
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Market depth
    20 levels (level 3 data)
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Founded
    2010
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Intraday brokerage
    ₹20 or 0.03% per executed order, whichever is lower
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Options brokerage
    Flat ₹20 per executed order
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
    Demat AMC
    ₹300 a year + GST (non-BSDA accounts)
    Checked Nov 8, 2026zerodha.com(opens source in a new tab)
  3. Upstox logo

    3. Upstox

    Best for: Indian traders who want flat-fee F&O trading with TradingView charts and API access

    Free plan + paidWeb, Android, iOS

    61.8

    score / 100

    Why switch from Paytm Money

    Flat-fee broker with mutual funds and IPOs at no brokerage and TradingView charts.

    Pros

    • Flat ₹20 maximum brokerage per order across segments
    • No brokerage on mutual funds and IPOs
    • TradingView charts and a trading API built in

    Cons

    • Equity delivery trades cost ₹20 per order, not free
    • Account maintenance charge applies after the first year
    • No research or stock advisory like a full-service broker
    Visit Upstox Details and reviews
    How this score is calculated
    Editorial fit ×0.377
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is Upstox a good Paytm Money alternative?

    Verified facts

    7 of 7 verified
    Equity delivery brokerage
    ₹20 per executed order
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Mutual funds and IPOs
    ₹0 brokerage
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Account maintenance
    ₹0 in the first year, then ₹300 + GST (non-BSDA)
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Broking licence
    2010
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Users
    2 crore+
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Equity options brokerage
    Flat ₹20 per executed order
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
    Account opening
    Free
    Checked Nov 8, 2026upstox.com(opens source in a new tab)
  4. Dhan logo

    4. Dhan

    Best for: Indian F&O and intraday traders who want TradingView charts, fast order tools and free APIs

    Free plan + paidWeb, Android, iOS

    59.4

    score / 100

    Why switch from Paytm Money

    No brokerage on equity delivery and much stronger tools for options traders.

    Pros

    • No brokerage on equity delivery and no account maintenance charge
    • Dedicated options trading app plus trading straight from TradingView charts
    • Trading APIs for algo traders at no extra cost

    Cons

    • Intraday and F&O orders still cost a flat fee per order
    • Many separate apps and terminals can be confusing for beginners
    • Younger broker than Zerodha, Angel One or 5paisa
    Visit Dhan Details and reviews
    How this score is calculated
    Editorial fit ×0.369
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is Dhan a good Paytm Money alternative?

    Verified facts

    10 of 10 verified
    Account opening and AMC
    ₹0
    Checked Nov 8, 2026dhan.co(opens source in a new tab)
    Equity delivery brokerage
    ₹0
    Checked Nov 8, 2026dhan.co(opens source in a new tab)
    Intraday and F&O brokerage
    ₹20 per order
    Checked Nov 8, 2026dhan.co(opens source in a new tab)
    Trading API
    Free
    Checked Nov 8, 2026dhan.co(opens source in a new tab)
    US stocks
    Fractional investing from $1
    Checked Nov 8, 2026dhan.co(opens source in a new tab)
    Intraday brokerage
    ₹20 or 0.03% per order, whichever is lower
    Checked Nov 8, 2026dhan.co(opens source in a new tab)
    F&O brokerage
    ₹20 per executed order
    Checked Nov 8, 2026dhan.co(opens source in a new tab)
    Account opening fee
    ₹0 for individuals and HUFs
    Checked Nov 8, 2026dhan.co(opens source in a new tab)
    Annual maintenance charge
    ₹0 for individuals; ₹800 + GST for NRIs and firms
    Checked Nov 8, 2026dhan.co(opens source in a new tab)
    Call & Trade
    ₹50 per order + GST
    Checked Nov 8, 2026dhan.co(opens source in a new tab)
  5. Angel One logo

    5. Angel One

    Best for: Indian investors who want research and recommendations along with a low-cost trading app

    Free plan + paidWeb, Android, iOS

    57.5

    score / 100

    Why switch from Paytm Money

    Full-service broker with research and recommendations alongside its app.

    Pros

    • Free account opening and no maintenance charge in year one
    • Research reports and stock recommendations included
    • No commission on mutual funds and IPO applications

    Cons

    • Free brokerage lasts only 30 days, then per-order fees apply
    • Recommendations and promotions can be pushy for self-directed investors
    • Maintenance charge applies after the first year
    Visit Angel One Details and reviews
    How this score is calculated
    Editorial fit ×0.363
    Reviews ×0.363
    Clicks (90 days) ×0.150
    Freshness ×0.15100
    Votes ×0.150

    0 counted reviews, 0 up and 0 down votes. Full formula

    Is Angel One a good Paytm Money alternative?

    Verified facts

    9 of 9 verified
    Account opening
    ₹0
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Introductory brokerage
    ₹0 for the first 30 days, up to ₹500
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Mutual funds and IPOs
    ₹0 commission
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Registered users
    3.8 crore+
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Digital since
    2019
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Starting price
    Lower of ₹20 or 0.1% per executed equity order
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    F&O brokerage
    ₹20 per executed order
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    Introductory offer
    ₹0 brokerage up to ₹500 for the first 30 days
    Checked Nov 8, 2026angelone.in(opens source in a new tab)
    AMC
    ₹0 for the first year
    Checked Nov 8, 2026angelone.in(opens source in a new tab)

The best Paytm Money alternative for…

The highest-ranked app in this list for each need.

Groww logo

Best Paytm Money alternative for most people

Groww

Similar all-in-one app for mutual funds and stocks, with US stocks too.

Zerodha Kite logo

Best Paytm Money alternative for a free plan you can upgrade

Zerodha Kite

Free equity delivery trades and deeper tools for when you trade more often.

Upstox logo

Best Paytm Money alternative for iPhone and Android

Upstox

Flat-fee broker with mutual funds and IPOs at no brokerage and TradingView charts.

Dhan logo

Best Paytm Money alternative for working in the browser

Dhan

No brokerage on equity delivery and much stronger tools for options traders.

Paytm Money alternatives: common questions

What is the best alternative to Paytm Money?

Groww ranks first right now. Similar all-in-one app for mutual funds and stocks, with US stocks too. Zerodha Kite and Upstox follow it in our ranking.

Paytm Money vs Groww: what's the difference?

Both Paytm Money and Groww are free with paid plans. Both run on Web, Android and iOS.

Is Paytm Money free?

Paytm Money is free with paid plans. Account maintenance: ₹0 for life; Intro offer: ₹0 brokerage for 30 days, up to ₹100. Checked on Paytm Money's own site, November 2026.

Is there a free alternative to Paytm Money?

Yes. Groww (free plan + paid), Zerodha Kite (free plan + paid), Upstox (free plan + paid) and Dhan (free plan + paid) have a free option. Check each app's verified facts for current plan limits.

Is there an open-source alternative to Paytm Money?

None of the 5 alternatives in this list is open source.

Why do people switch from Paytm Money?

The complaints we hear most: free brokerage for new users is capped and lasts only a month; no US stocks, unlike Groww, Dhan or INDmoney; fewer advanced trading tools than trader-focused brokers.

How is this list ranked?

Every app is scored with the same published formula: how directly it replaces Paytm Money, reviews (weighted by verification), visits from AppBreakup, how recently its facts were checked against its own website, and reader votes.