Product Details
Brokerage and Fees
Brokerage Charge For Normal Trading: (Normal trading is non-intraday trading where the buyer takes delivery of the stocks): Flat fee of INR 20 per executed order or 0.05% whichever is lower.
Brokerage Charge For Intraday Trading: Flat fee of INR 20 per executed order or 0.05% whichever is lower.
Brokerage Charge For F&O Trading: Flat fee of INR 20 per executed order.
Account Opening Charges: INR 0.
Auto Square Off Charges: INR 20 per executed order.
Sell Debit Charges: INR 13.50 per ISIN.
Annual Maintenance Charge: INR 180 from 2nd year onwards. 1st year free.
Payment Gateway Charges Netbanking: INR 0
Payment Gateway Charges UPI: INR 0.
Overdue Interest Charges: 18%.
Digital KYC Charges: INR 0
Physical Settlement Charges: INR 50 per contract note + delivery charges.
Call & Trade Order: INR 20 per executed order.
Account Opening Fees
INR 0.
Eligibility
Competent to contract within the meaning of the Contract Act, 1872 and at least 18 (eighteen) years of age, Indian Citizens and tax residents of India.
Annual Fees
INR 180
ShareMarket (PhonePe)
Special Features
Share Market offers ready-made baskets of stocks & ETFs curated by their research team.
Features
Cons
New entrant to the market.
Limited physical presence.
Pros
Low brokerage.
Part of the PhonePe group.
Share Market offers ready-made baskets of stocks & ETFs curated by their research team.
Clean and simple interface.
Pros and Cons
How to Apply?
How to open an account:
Download the Share.Market app: You can download the app from the Google Play Store or Apple App Store.
Open the app and tap "Continue with PhonePe": This will link your PhonePe account with Share.Market.
Enter your mobile number and verify it with an OTP: Make sure the mobile number you enter is linked to your Aadhaar.
Tap "Open Account": Follow the on-screen instructions to complete the account opening process. You'll need to provide your personal and financial details and complete the KYC process.
Documents Required
Aadhaar and PAN for online account opening.
Account Opening and Procedures
Documents Required
Aadhaar and PAN for online account opening.
How to Apply?
How to open an account:
Download the Share.Market app: You can download the app from the Google Play Store or Apple App Store.
Open the app and tap "Continue with PhonePe": This will link your PhonePe account with Share.Market.
Enter your mobile number and verify it with an OTP: Make sure the mobile number you enter is linked to your Aadhaar.
Tap "Open Account": Follow the on-screen instructions to complete the account opening process. You'll need to provide your personal and financial details and complete the KYC process.
Account Opening and Procedures
Share.Market (PhonePe Stock Investment App) Review
The app offers low brokerage and low demat debit transaction fee. However, it does not offer any research/advisory services. It is best suited for DIY investors who are looking for low brokerage and do not require any hand holding.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Recommedation For Stock Market Investment
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