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Share.Market by PhonePe despite being relatively a new brokerage house, its free account opening, lowest demat maintenance charges, Rs 20/order flat brokerage charges, user-friendly Share.Market mobile app and website, and expert-curated WealthBaskets backed by Quantitative research are the reasons to trade with Share.Market.
In August 2023, PhonePe forayed into the stock broking segment with the launch of the Share.Market. Share.Market is an online trading and investment platform by PhonePe Wealth Broking Ltd. Share.Market by PhonePe is India’s first discount broker to introduce proprietary stock research integrated with unique factor analysis. What makes Share.Market apart from other discount brokers is, it not only provides a user-friendly app but also brings intelligence-driven investment solutions and Quantitative research basked WealthBasket for you. Investors and traders will gain access to wealth-building opportunities through real-time valuable insights on the Share.Market app.
PhonePe Wealth Broking through BSE and NSE membership allows you to do equity trading (intraday and delivery), F&O trading, apply for IPOs, and invest in WealthBaskets and mutual funds. WealthBasket is a unique investment product, wherein SEBI-registered research analysts create a portfolio of stocks and ETFs backed by in-depth research.
Opening an account with Share.Market is free at zero charges. On the brokerage front, the discount broker charges a competitive brokerage fee of a maximum of Rs 20 per executed order across segments. The brokerage charges compete with the leading discount brokerage houses – Zerodha, Groww, and Angel One.
Share.Market by PhonePe allows you to trade through its mobile app and website. The platform has dedicated features for traders and investors, such as a dedicated Markets section, intuitive watchlist tracker, charting, option chain, and more. PhonePe users can access the Share.Market app and web platform using their PhonePe-linked mobile numbers. The intuitive design and user-friendly interface of the app makes it easy to use for first-time investors and seasonable traders to execute their trades.
Go through detailed Share.Market Review 2024 to know its account opening and AMC fee, segment-wise brokerage charges, trading platform features, customer care details, and pros & cons of trading with Share.Market.
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Share.Market by PhonePe has a flat brokerage model that charges a fixed brokerage fee irrespective of trading volume.
The discount broker charges a lower of Rs 20/per order or 0.05% intraday and delivery brokerage. And, brokerage for equity F&O trading is flat Rs 20 per executed order. Thus, you will pay a maximum brokerage fee of Rs 20/order.
The brokerage charges look competitive when compared with dominating players - Zerodha, Groww, Fyers and Angel One.
However, if you have opened Share.Market trading account before 31st December 2024, it offers a free brokerage plan that charges you absolutely no brokerage across all segments (Equity, F&O, and WealthBasket) till 31st December. And thereafter, standard brokerage charges of Rs 20/order will be applicable.
Also, it has no minimum brokerage and zero hidden charges.
| Trading Account Opening Charges: | Free |
| Trading Account AMC: | Free |
| Demat Account Opening Charges: | Free |
| Demat Account AMC: | Rs 15 per month (Free for 1st Year) |
Here we are comparing Share.Market with its 5 close competitors, who are currently market leader in brokerage industry.
| Broker | Share.Market | 5paisa | Upstox | Zerodha | Paytm Money |
| Service Type | Discount Broker | Discount Broker | Discount Broker | Discount Broker | Discount Broker |
| Brokerage Range | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
| Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 2 in 1 | 2 in 1 |
| Equity Delivery | 0.05% or Rs 20, whichever is lower | Flat Fee Rs 20 | 2.5% or Rs 20 whichever is lower | Free | 2.5% or Rs 20 whichever is lower |
| Equity Intraday | 0.05% or Rs 20, whichever is lower | Flat Fee Rs 20 | 0.05% or Rs 20 whichever is lower | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower |
| Equity Futures | Flat Fee Rs 20 | Flat Fee Rs 20 | 0.05% or Rs 20 whichever is lower | 0.03% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Commodity | NA | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Currency Futures | NA | Flat Fee Rs 20 | 0.05% or Rs 20 whichever is lower | 0.03% or Rs 20 whichever is lower | NA |
| Currency Options | NA | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Rating |
Visit Share.Market Brokerage Charges page to check plans, fees, and taxes.
Use Share.Market Brokerage Calculator to know the exact brokerage charges applicable.
| Investment Offerings Compare | Share.Market |
|---|---|
| Equity Cash and F&O |  |
| Currency Deravitives |  |
| Commodity | |
| Online IPO Application | |
| Mutual Funds | |
| Bond / NCD | |
| ETF | |
| Banking | |
| Insurance | |
| Forex | |
| MF SIP Investment | |
| Equity SIP Investment | |
| PMS Service | |
| Other Investment Options | WealthBasket |
Share.Market offers demat and trading account opening services. An Indian resident, above 18 years can open 2-in-1 means demat cum trading account with Share.Market.
Is Share.Market account free? Yes, the broker charges no account opening fees and no demat AMC for 1st year and after that, demat AMC of Rs 45 each quarter + GST will be charged.
Share.Market by PhonePe was initially launched as an equity trading platform but later in April 24, the broker also started offering F&O trading. Share.Market Trading account that allows you to buy and sell stocks in intraday and delivery segments. And, if you have activated F&O segment too, you can buy and sell index and equity futures and options contracts.
It does not provide commodity trading account opening. If you want to trade in commodities also, consider opening an account with Zerodha and Fyers.
What is WealthBasket? WealthBasket is an expert-curated collection of stocks after in-depth quantitative research and analysis. Every WealthBasket is designed by Share.Market in-house Researchers and third-party researchers underlying a specific theme, sector, or investment strategy. As it is designed by SEBI-registered professional analysts and has various stocks and ETFs from a particular theme, so it helps in diversification and managing risk well.
Experts continuously track stocks and rebalance WealthBasket by exiting from the poorly performing stocks and buying good stocks. So, it is a great investment product for first-time investors.
There are a number of WealthBaskets following different investment strategy, themes or sectors. Giants of India, Digital India, Smart Momentum, and MNC Advantage are some of the popular WealthBaskets.
Once you have opened Share.Market trading account, you’ll get free access to the WealthBasket platform at zero additional charges. But when you buy any WealthBasket, you will be charged Rs 20/order or 0.05%, whichever is higher as the brokerage fee.
You can invest in WealthBasket with Rs 1000 as a minimum investment. There is no lock-in period on investment in WealthBasket.
For account opening, all you need to do is register one-time KYC digitally through Share.Market app or website and complete the account setup process. Once done, the account will be activated within 2-3 working days.
Let’s check out Share.Market demat and trading account opening process;
Zerodha No#1 Broker in India
| Trading Platform | Share.Market |
|---|---|
| Mobile Trading App | Share.Market app |
| Web Trading Platform | |
| Android Mobile App | |
| Android App Download | Andriod Share.Market app Download |
| iPhone Mobile App (IOS) | |
| iOS App Download | iOS Share.Market app Download |
| Web Trading Detail |
Share.Market Website |
| Trading Software Charges | Free |
| Brokerage Calculator | Brokerage Calculator for Share.Market |
| Detail | Detail on Trading Platforms for share.market |
Share.Market platform is built by PhonePe and is available as a mobile trading app and a web trading platform. The platforms are simple, easy to use, and user-friendly to trade seamlessly across segments - intraday trades, investment in stocks, ETFs, and WealthBaskets. It does not provide an installable desktop trading terminal for pro traders.
Let’s quickly review the top-notch features of PhonePe Share.Market trading platforms
Invest Anytime, anywhere using Share.Market app by PhonePe. Share.Market app allows users to buy and sell stocks, ETFs, IPOs, and invest in WealthBasket.
From one-tap order placement to dedicated market section, watchlist tracker to track live share price movements, charting tools, company financials, news updates – everything you will find on the PhonePe Share.Market app. F&O traders also can analyze option chain with changes in open interest (OI), Put call ratio (PCR), and much more.
Download Share.Market mobile app on Android and iOS devices and start a hassle-free and seamless investment journey.
PhonePe Share.Market also has a browser-compatible web trading platform. You can log in to the Share.Market website and do intraday, delivery, and F&O trading. Also, you can apply for IPOs online and invest in WealthBaskets.
For detail review of mobile app and download please visit Share.Market Trading Platform Review.
If you stuck somewhere, you can raise your query via ticket or write an email or call the customer helpline number. It has a dedicated help center on the app.
Free account opening, cost-effective trading services at Rs 20/brokerage, cutting-edge technology platforms, and research-driven stock analysis and WealthBasket investment solution by Share.Market caters to the evolving needs of both traders and investors.
Open a free Share.Market account now before 31st August 2024, and place and execute intraday, delivery, and F&O trades at Rs 0 brokerage till 31st Dec 2024.
Last updated on: 2024-08-12
Yes, Share.Market is a good broker for beginners due to the following reasons;
Yes, Share.Market App by PhonePe uses a secure transaction system and all the data are transferred to a secured connection to make the app safe and secure for trading and investment.
Yes, PhonePe Wealth Broking Ltd (PPWBL) is a SEBI-registered stockbroker who has launched Share.Market as an online trading and investment platform.
The stock broker allows customers to trade and/or invest in NSE and BSE-listed stocks and F&O derivative instruments.
Share.Market by PhonePe is a stock market app to trade and invest across segments – stocks, ETF, F&O, MF, IPO, and WealthBaskets.
Walmart backed Fintech company, PhonePe has entered into stock broking space with the launch of Share.Market app in August 2023.
Buy and Sell expert curated WealthBaskets with Share.Market by PhonePe. Here’s how you can invest in WealthBaskets.
