We report here our comparative analysis of the active galactic nucleus (AGN) and star formation (SF) characteristics of a sample of narrow-line Seyfert 1 (NLS1) and broad-line Seyfert 1 (BLS1) galaxies. Our sample consisted of 373 BLS1 and 240 NLS1 galaxies and spanned the redshift 0.02 $<$ $z$ $<$ 0.8. The broad-band spectral energy distribution, constructed using data from the ultra-violet to the far-infrared, was modelled using CIGALE to derive the basic properties of our sample. We searched for differences in stellar mass (M$_ ast $), star formation rate (SFR), and AGN luminosity (L$_ AGN $) in the two populations. We also estimated new radiation-pressure-corrected black hole masses for our sample of BLS1 and NLS1 galaxies. While the virial black hole mass (M$_ BH $) of BLS1 galaxies is similar to their radiation-pressure-corrected M$_ BH $ values, the virial M$_ BH $ values of NLS1 galaxies are underestimated. We found that NLS1 galaxies have a lower M$_ BH $ of log (M$_ BH M$_ odot ) = 7.45 pm 0.27 and a higher Eddington ratio of log ($ Edd $) = $-$0.72 pm 0.22 than BLS1 galaxies, which have log (M$_ BH M$_ odot ) and $ Edd $ values of 8.04 pm 0.26 and $-$1.08 pm 0.24, respectively. The distributions of M$_ ast $, SFR, and specific star formation (sSFR = SFR/M$_ ast $) for the two populations are indistinguishable. This analysis is based on an independent approach and contradicts reports in the literature that NLS1 galaxies have a higher SF than BLS1 galaxies. While we found that L$_ AGN $ increases with M$_ ast $, L$_ SF $ flattens at high M$_ ast $ for both BLS1 and NLS1 galaxies. The reason may be that SF is suppressed by AGN feedback at M$_ ast $ higher than sim 1011 M$_ odot $ or that the AGN fuelling mechanism is decoupled from SF. Separating the sample into radio-detected and radio-undetected subsamples, we found no difference in their SF properties suggesting that the effect of AGN jets on SF is negligible.