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Zerodha Trade@20
Anyone who has PhonePe Share.Market trading accounts can buy and sell stocks, ETFs, equity F&O, IPO, and mutual funds. The broker also offers free access to WealthBasket, an expert-curated basket of stocks and ETFs. The broker charges a maximum of Rs 20/brokerage across segments. Let's discuss more to know what trading and investment products and services are offered by PhonePe Share.Market and what's not available with the broker.
PhonePe Wealth Broking offers 2-in-1 or demat cum trading account opening services. The demat account is used to store stocks in dematerialization/electronic format, and the PhonePe trading account is used to buy and sell stocks, IPO, and ETFs.
Opening an account with Share.Market by PhonePe is free at zero A/C opening charges. The broker only charges demat account maintenance fee and that too is highly competitive with just Rs 15 as monthly maintenance charges.
Promotion offer: If you open Share.Market trading account before 31st August, you will enjoy zero equity and F&O brokerage till 31st December 2024.
Share.Market by PhonePe is a BSE and NSE registered trading member to allows users to trade or invest in stocks.
You can do intraday trading (MIS) and invest in stocks (equity delivery trading). The broker charges an equity brokerage of 0.05% or flat Rs 20 per executed order, whichever is higher. It means the maximum brokerage charged is Rs 20 per order which looks competitive when compared with Zerodha, Angel One, and Fyers.
But unlike Zerodha who offers delivery trading, Share.Market charges Rs 20/order delivery trading brokerage.
PhonePe Share.Market has incredible features for traders and investors. Equity traders can track their favorite stock price movements, access line and candlestick charts, and apply various indicators for technical analysis whereas equity investors can see stock ratings and analyze the company's financial performance i.e, P&L, cash flow, balance sheet, etc.
In April 2024, PhonePe launched F&O trading. You can also trade in the equity futures & options segment with PhonePe Share.Market. You only need to activate F&O segment to buy and sell derivative instruments. The broker charges a flat Rs 20 per order F&O brokerage fee from clients.
F&O traders can access index and stock derivative instruments, track F&O activities, access and analyze option chains on the Share.Market by PhonePe mobile app.
Exchange Traded Funds (ETFs) are the investment funds that held investments in same stocks or instruments held by the relevant exchange. Buy and sell stocks and ETFs using Share.Market trading account. The process of investing in ETF is the same as that of investment in individual stocks.
Invest in IPOs online using UPI with Share.Market. Yes, the discount broking house offers both mainline and SME IPOs for investment on its Share.Market mobile app and website. You can even pre-apply for your choice of IPO with the broker.
You can buy and Sell mutual funds online with the PhonePe app. Yes, PhonePe Wealth offers various mutual fund schemes, including equity, debt, and hybrid schemes. It also provides Best SIP Funds, Tax Saving Funds, and Top performing Funds.
You can start an SIP with as low as Rs 100 per month using PhonePe app and track your mutual fund portfolio at ease. There is no brokerage fee charged on mutual fund investment with PhonePe but the platform only has regular plans, direct plans are not offered.
WealthBasket is a unique investment product by Share.Market.
WealthBasket is a ready-made basket of stocks and ETFs backed by SEBI registered research analysts. Every basket is designed by experts and also regular rebalancing is done. Investors who are new to stock market can invest in WealthBasket.
There are a number of WealthBaskets available for investment, Giants of India, Evergreen Stable, Smart Momentum, and more.
The minimum investment amount in each WealthBasket is different. You must select the basket that matches your investment needs.
