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Overview Overall

"Leveraging the established PhonePe ecosystem, the platform aims to integrate trading services with PhonePe’s existing features, making it convenient for users who are already familiar with the app. The platform is geared towards both novice and experienced investors, offering a range of tools and resources to facilitate trading"

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services
Check reviews of other Share brokers

Why Share.Market?

    • They are currently offering FREE demat and trading account with simple, secure, and paperless KYC and You pay ZERO brokerage on all the products, including Futures and Options (F&O).(Till 31st Dec 2024, if you open the account by Oct 31st 2024).
    • Backed by PhonePe, Share.Market prioritizes security, implementing robust encryption protocols to safeguard user data and transactions.
    • It offers a facility to invest in Wealth Baskets which is a basket of stocks or ETFs, based on a strategy, theme, or research. They are curated by WealthBasket curators who are SEBI-registered Investment Advisors or Research Analysts.
    • Check out 5 factors, i.e., Momentum, Quality, Value, Low Volatility, and Sentiment for each stock to make better investing and trading decisions
    • You can explore Stock Collections based on themes & strategies.
    • No Charges for Funds Transfer if it is done via UPI.
    • One-stop marketplace: Equity, ETFs, Mutual Funds, Derivatives, Buyback, OFS, IPO and WealthBaskets.
    • Dedicated Research Backed by an in-depth research team.
    • You can create a watchlist to monitor the performance of your favorite stocks
    • You can access comprehensive details of new stock listings directly in the app
    • You can Monitor live subscription levels and look forward to tracking post-IPO stock prices

Positives

    •  Users can seamlessly link their PhonePe wallet with their trading account, allowing for instant fund transfers and ease of managing financial transactions.
    •  No Account Opening Charges by Share.Market.
    •  Free Demat AMC for first Year.
    •  Having Promotional Offer of ZERO brokerage on all the products, including Futures and Options (F&O).(Till 31st Dec 2024, if you open the account by Sep 31st 2024)
    •  Completely digital onboarding Process.
    •  Users can set up customized alerts for price movements, news updates, and important market events. Notifications are delivered in real-time, helping users stay informed about relevant changes.
    •  Transparent Pricing, No hidden Charges.
    •  It offers a facility to invest in Wealth Baskets, which is basket of stocks or ETFs, based on a strategy, theme, or research. They are curated by WealthBasket curators who are SEBI-registered Investment Advisors or Research Analysts.
    • Lowest Demat account maintenance fee, Rs 45/Quarter
    • Low auto-square off charges for MIS positions, charges Rs 30/order while Zerodha and Groww charges Rs 50/order
    • Competitive Pricing of Rs 20 Per Order

Needs Improvement

    • Share.Market doesn't offer a 3-in-1 account.
    • No installable trading terminal, only has Mobile trading application.
    • Does not have facility to invest in direct mutual funds
    • Users have reported occasional lag and performance issues, particularly during peak trading hours. This can impact the trading experience, especially for those engaged in high-frequency trading.
    • NRI trading is not available.
    • does not offer trading in Commodity and currency segment.
    • Stock.Market charges for Delivery Trade
    • Does not offer monthly or Yearly unlimited Trading Plans
    • Call & Trade Facility is not available
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.
Overview
Share.Market Review  
Year of Incorporation 2023
Products Stocks, F&O, ETFs, MFs, Wealth Basket, IPOs
Demat Services CDSL
Active Exchange Memberships NSE, BSE
Website https://share.market/
Contact Details 080-68727687
Total Number of Clients 245,411
Total Number of Branches NIL

PhonePe was founded in December 2015 by visionary entrepreneurs Sameer Nigam, Rahul Chari, and Burzin Engineer. With their strong backgrounds in technology and e-commerce, they aimed to transform India's digital payments landscape. The app quickly became a leader in digital payments, using the Unified Payments Interface (UPI) to enable easy transactions.

In August 2023, PhonePe broadened its services by launching Share.Market, platform for trading stocks and mutual funds, including intraday trading and curated investment options like Wealth Basket. This strategic move allowed PhonePe to diversify and enter the stock market space.

In recent years, integrating financial services with digital platforms has revolutionized how we manage investments and trade stocks. We have already seen Paytm start this trend of offering Share trading services along with their financial and wallet services. Share.market by PhonePe is moving in the same trend of offering an innovative solution for trading in the stock market directly through a mobile application. Share.market by PhonePe stands out by integrating stock trading with PhonePe’s well-established digital wallet system.

This review provides an in-depth analysis of Share.market by PhonePe, covering its brokerage fees, demat charges, salient features, and more, to help you make an informed decision about whether it meets your trading needs.

Share.market by PhonePe is a trading platform designed to provide users with a seamless and intuitive experience for buying and selling stocks. Leveraging the established PhonePe ecosystem, the platform aims to integrate trading services with PhonePe’s existing features, making it convenient for users who are already familiar with the app. The platform is geared towards both novice and experienced investors, offering a range of tools and resources to facilitate trading.

Share.Market Account Opening Charges 2024

Share.Market does not charge for online account opening for Trading Account & Demat Account. There are no AMC charges on the Trading and Demat account (First year Free), which means account opening and account maintenance with Share.Market is completely free for one Year

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Share.Market Trading Account ₹0 ₹0
Share.Market Demat Account ₹0 ₹15 per month charged quarterly in advance (Free for 1st year)

Share.Market Equity Delivery & Intraday Charges 2024

Please find below Share.Market Brokerage charges for Delivery & Intraday Trades. Share.Market is currently offering FREE demat and trading accounts with simple, secure, and paperless KYC and You pay ZERO brokerage on all the products, including Futures and Options (F&O).(Till 31st March 2025).

Charges Equity Delivery Equity Intraday
Brokerage ₹20 per executed order or 0.05% whichever is lower ₹20 per executed order or 0.05% whichever is lower
STT 0.1% on both Buy & Sell 0.025% on the Sell-side
Transaction / Turnover charges NSE: 0.00297% | BSE: 0.00375% NSE: 0.00297% | BSE: 0.00375%
SEBI Charges 0.0001% of turnover 0.0001% of turnover
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.015% or ₹1500 / crore on the buy side 0.003% or ₹300 / crore on the buy side

Share.Market F&O Brokerage Charges 2024

Please find below the Share.Market Brokerage Charges list for Equity Futures & Equity Options.

Charges Equity Future Equity Option
Brokerage ₹20 per executed order ₹20 per executed order
STT 0.02% on the sell side 0.10% on sell side (on premium). 0.125% of the intrinsic value on options that are bought and exercised.
Transaction / Turnover charges NSE : 0.00173%, BSE ₹ 0 each on buy trade & sell trade NSE : 0.03503% (On Premimum), BSE 0.0325% (on premium)
SEBI Charges 0.0001% of turnover 0.0001% of turnover
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.002% or Rs 200 / crore on the buy side 0.003% or Rs 300 / crore on the buy side

Share.Market Margin Exposure

Share.Market margin for intraday trading is up to Up to 20% of trade value (max 5x leverage) based on the stock. Share.Market F&O intraday trading margin is 1.3x across Equity, Currency, at BSE and NSE. There is no additional margin offered for Share.Market F&O carry forward positions and equity delivery trades.

Segment Margin Leverage
Equity Delivery 100% of trade value 1X
Equity Intraday Up to 20% of trade value 5X
F&O (Equity, Currency and Commodities) 100% of NRML margin (Span + Exposure) 1X

Share.Market Call & Trade Charges

Share.Market Currently does not offers a call and trade facility to its users. Call and trade allow the users to call the Share.Market customer service department and place the order at any point when they have limited access to the internet.

Customers Service options offered by Share.Market by PhonePe

Zerodha offers multiple communication channels to its clients for using customer service.

  1. Phone Number :
    • Customer Support / Call & Trade :
      • 080-68727687
  2. Email Support: [email protected]
  3. Share.Market Knowledge Center:https://share.market/support/home/
  4. Corporate Office :
    2, Floor 3, Wing A, Block A, Salarpuria Softzone,
    Bellandur Village, Varthur Hobli, Outer Ring Road,
    Bangalore South,
    Bangalore - 560103
    080 6872 7687

Final Thoughts about Share.Market

Share.Market has the potential to disrupt the Indian stock broking industry with its innovative features, user-friendly platform, and competitive pricing. The platform's integration with the PhonePe ecosystem and its focus on financial inclusion make it an attractive option for new investors looking to enter the stock market.

However, as a relatively new player, Share.Market will need to continuously invest in technology, research, and customer support to compete with established brokers.Nevertheless, traders with more complex needs or who require advanced tools and highly responsive customer service might want to explore additional platforms to find the best fit for their requirements.

Overall, Share.Market's launch marks a significant development in the Indian stock broking landscape, and it will be interesting to see how the platform evolves and shapes the future of discount broking in the country.

Zerodha Special Offer:

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

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