Charges at a glance
About Share.Market
Share.Market is the stock trading and investment platform of PhonePe Wealth Broking Private Limited (PPWB), a wholly-owned subsidiary of PhonePe. Launched in August 2023, it is registered with NSE and BSE as a stockbroker, with CDSL as a depository participant, with SEBI as a Research Analyst, and with AMFI as a mutual fund distributor.
Share.Market's biggest edge is distribution — PhonePe's 490 million+ registered users can open an account in a single tap using their existing PhonePe login. Its signature feature, WealthBaskets, offers curated baskets of stocks and ETFs built on quantitative factor research from Quantech Capital, a SEBI-registered Investment Advisor and PPWB subsidiary. Account opening is free and the demat AMC is ₹0 for life on both regular and BSDA accounts.
Platforms
Share.Market App
Mobile app for stocks, ETFs, IPOs, F&O, mutual funds and WealthBaskets, with PhonePe-linked single-tap login and onboarding.
Share.Market Web
Browser-based trading platform at trade.share.market with watchlists, charts and order placement for active traders.
WealthBaskets
Curated, factor-research-backed baskets of stocks and ETFs from Quantech Capital, investable from ₹1,000 with no lock-in.
Regulatory & statutory charges
Besides brokerage, every trade attracts STT/CTT, exchange transaction charges, SEBI charges, GST and stamp duty. These are fixed by the government/exchanges and are the same across brokers.
Calculate the exact charges for any trade upfront using our brokerage calculator.
Equity
| Charge | Equity delivery | Equity intraday | F&O – Futures | F&O – Options |
|---|---|---|---|---|
| Brokerage | ₹20 per executed order or 0.1%, whichever is lower (min ₹2) | ₹20 per executed order or 0.1%, whichever is lower (min ₹2) | Flat ₹10 per executed order | Flat ₹10 per executed order |
| STT/CTT | 0.1% on buy & sell | 0.025% on sell side | 0.05% on sell side | 0.15% on sell side (premium); 0.15% of intrinsic value if exercised |
| Transaction charges | NSE 0.00307% / BSE varies | NSE 0.00307% / BSE varies | NSE 0.00183% / BSE nil | NSE 0.03553% / BSE 0.0325% (on premium) |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp duty | 0.015% (buy side) | 0.003% (buy side) | 0.002% (buy side) | 0.003% (buy side) |
| GST | 18% on (brokerage + transaction + SEBI charges) | |||
Share.Market does not currently offer commodity or currency (forex) derivatives segments — only equity and equity F&O are available.
Mutual funds
- PPWB acts as a mutual fund distributor, offering regular (commission-embedded) plans rather than direct plans — there's no ₹0-commission direct MF investing option here.
- Stamp duty of 0.005% applies on the purchase (buy) side of mutual fund units, as mandated by the government.
- STT of 0.001% applies only on redemption (sell) of equity-oriented mutual fund units.
Charges for account opening
| Type of account | Charges |
|---|---|
| Individual account | free |
| HUF account | not currently offered |
| NRI account | not currently offered |
Demat AMC (Annual Maintenance Charge)
Share.Market charges ₹0 AMC for life — this applies to both regular (non-BSDA) and BSDA individual accounts, with no year-2-onwards fee unlike most competitors.
Penalties & other charges
Charges that apply only in specific situations — good to know upfront so nothing catches you off guard.
Penalties
Other charges
Pros & cons
What users like
- ₹0 demat AMC for life — no year-2 fee, on both regular and BSDA accounts
- Backed by PhonePe (490M+ users) and Walmart via Flipkart; single-tap account opening for existing PhonePe users
- F&O priced at a flat ₹10 per order — cheaper than most discount brokers' ₹20 rate
- WealthBaskets offer curated, factor-research-backed portfolios from a SEBI-registered Investment Advisor, starting at ₹1,000
What to watch for
- The earlier zero-brokerage promotion ended March 2025 — equity delivery and intraday now cost ₹20 per order (or 0.1%, min ₹2)
- No commodity or currency derivatives segment, and NRI accounts aren't currently supported
- Only regular (commission-embedded) mutual fund plans are offered, not commission-free direct plans
Read what customers say about Share.Market
Overall rating 3.5/5 based on 2 customer reviews — or share your own experience.