₹20 Brokerage all segments		₹0 Account opening		₹180 AMC from year 2/yr
490M+ PhonePe registered users		Aug 2023 Platform launched		3.7/5 CSB Rating

Share.Market is the stock broking platform launched in August 2023 by PhonePe Wealth Broking Private Limited — a wholly owned subsidiary of PhonePe Private Limited. PhonePe is India's leading digital payments company with 490 million+ registered users, backed by Walmart (via Flipkart). The platform is registered with SEBI as a stockbroker (NSE and BSE), with CDSL as a Depository Participant, with SEBI as a Research Analyst (through Quantech Capital), and with AMFI as a Mutual Fund distributor.

The most important pricing update in 2026: Share.Market's zero brokerage promotion ended March 31, 2025. Current brokerage is ₹20/order or 0.05% whichever lower for delivery and intraday, and flat ₹20 for F&O. Many third-party review sites still reference the promotional zero-brokerage — these are outdated. AMC is ₹0 for the first year and ₹15/month (₹180/year) from year 2, charged quarterly in advance.

WealthBaskets are Share.Market's signature differentiator: pre-built curated portfolios of stocks and ETFs based on quantitative factor research from Quantech Capital — a SEBI-registered Investment Advisor that is a 100% subsidiary of PhonePe Wealth Broking. These are thematic or factor-based model portfolios (momentum, quality, value, sector themes) that investors can subscribe to and replicate in their account. This integrates institutional-grade, SEBI-regulated research into a retail discount broking platform at no extra subscription cost.

Brokerage charges

3.5

Research & WealthBaskets

4.3

Account opening

4.5

Mobile app UX

4.2

Trust & backing

4.2

Product breadth

3.0

Customer support

3.3

Platform maturity

3.1

Overall Rating

3.7

Ratings based on independent testing, verified user reviews, SEBI complaint data, and platform benchmarking. Updated March 2026.

All charges verified from share.market/charges (official pricing page), Chittorgarh, InvestorGain, and MyRupaya as of March 2026.

WealthBaskets are Share.Market's most significant differentiator. These are pre-built model portfolios of stocks and ETFs, curated and managed by Quantech Capital — a SEBI-registered Investment Advisor (IA) that is a 100% subsidiary of PhonePe Wealth Broking. Unlike most discount brokers that either provide no research or charge extra for it, Share.Market integrates regulated, quantitative research directly into the platform at no subscription fee. Investors can subscribe to a WealthBasket built on themes (e.g., infrastructure, technology, ESG) or factor strategies (momentum, quality, value) and automatically replicate the portfolio in their demat account. Regular brokerage applies on trades within the basket.

Share.Market's most powerful strategic asset is distribution. PhonePe has 490 million+ registered users, covering over 99% of India's postal codes. Any of these users can open a Share.Market account with a single tap using their PhonePe-linked mobile number — no separate download, no fresh KYC in many cases. This onboarding friction reduction is a significant competitive advantage in converting first-time investors who already trust the PhonePe brand for payments. It is the same model that helped Groww grow explosively by leveraging its payment app user base.

Share.Market is available as a mobile app (Android and iOS) and web platform. The interface is designed for first-time investors with clean navigation, clear portfolio tracking, and intuitive order placement. F&O trading was added in April 2024 (the platform launched with only equity in August 2023). The app does not offer Call & Trade, forex trading, or commodity trading. Advanced tools (GTT, multi-leg orders, API) are not available — this is a deliberate product choice focused on retail investors rather than active traders.

• You are already a PhonePe user and want zero-friction entry into investing — account opening integrates with your existing PhonePe account.
• You want SEBI IA-backed research portfolios at no extra cost — WealthBaskets are curated by Quantech Capital (SEBI-registered IA) at no subscription fee. No other discount broker at this price offers regulated investment advisory as a built-in product.
• You are a first-time investor who needs a simple, clean interface — minimal complexity, guided onboarding, and a Walmart-backed platform provide both ease of use and trust.
• You pay primarily via UPI and want ₹0 fund transfer charges — UPI transfers are free; all major brokers charge for non-UPI but Share.Market also keeps UPI free.

• You want ₹0 AMC permanently — ₹180/year from year 2. Groww, Shoonya, ProStocks, Fyers, Alice Blue all ₹0 forever.
• You trade commodity (MCX) or currency derivatives — not available on Share.Market. Use Zerodha or Shoonya.
• You are an NRI — not supported. Consider Angel One or Shoonya.
• You are an active F&O trader who needs GTT, advanced order types, or algo API — not available. TradeSmart, Zerodha, or Fyers are better suited.

PhonePe Wealth Broking Private Limited is SEBI-registered, a member of NSE and BSE, and holds CDSL DP registration. The parent PhonePe is backed by Walmart (via Flipkart) — giving Share.Market institutional credibility far beyond a typical startup broker. Your demat holdings are held in your CDSL account, independent of Share.Market's operations. The platform launched in August 2023 and F&O was added in April 2024, making it a relatively new broker. Less operating history means fewer publicly documented incidents and stress tests. The Walmart backing provides strong business continuity assurance, but less platform maturity than brokers with 10+ years of operation.