PhonePe is making waves once again with the unveiling of its revolutionary Stock Broking platform, Share(dot)Market. This innovative venture has been launched as a part of PhonePe Wealth Broking, its dedicated subsidiary. Share(dot)Market seeks to redefine the stock trading landscape by offering a comprehensive suite of services aimed at empowering retail investors.
Designed with accessibility and convenience in mind, Share(dot)Market is accessible through both a user-friendly mobile app and a dedicated web platform. This dual approach ensures that users can effortlessly engage with the platform according to their preferences and needs. The platform opens up an array of possibilities for retail investors, enabling them to buy stocks, partake in Intra Day trades, and even invest in curated WealthBaskets and Mutual funds.
Underpinning Share(dot)Market’s appeal is its commitment to providing market intelligence and quantitative research-based WealthBaskets. This innovative approach not only empowers investors with data-driven insights but also offers a scalable technology platform that can cater to a diverse range of trading strategies.
For those curious about pricing, Share(dot)Market has unveiled an attractively structured fee system that keeps the interests of retail investors at heart. Equity Delivery trading comes with a fee structure of the lower of 0.05% or Rs. 20 per executed order. Meanwhile, Equity Intraday trading follows a similar structure, ensuring transparent and reasonable charges for investors.
However, that’s not all. Share(dot)Market’s Platform Charges offer an exceptional deal. The one-time onboarding fee of INR 199 extends a series of benefits until March 31, 2024. These include zero brokerage on trades valued up to INR 400, no platform fee for both in-house and Third Party WealthBaskets, and a waiver of brokerage charges on WealthBasket transactions across both categories.