"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"
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.
- The platform includes advanced charting features such as candlestick patterns, moving averages, and RSI (Relative Strength Index). These tools are essential for technical analysis and are comparable to those offered by leading trading platforms.
- Transperent 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.
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.
- Customer support responses can be slow, and resolution times for issues have been reported as longer than expected. This can be a drawback if timely assistance is crucial.
- Unlimited trading is not available on the commodity and BSE F&O trading segment
- Stock.Market charges for Delivery Trade
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| 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 | - |
| Total Number of Clients | - |
| 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 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).
| 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 |
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.
Share.Market User Reviews
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