- Share(dot)Market Transforms Discount Broking with a Fusion of Research and Convenience
- In a game-changing move, Share(dot)Market is redefining the discount broking landscape by seamlessly integrating research-driven investment solutions with unmatched convenience.
- Share(dot)Market Launches Stocks and ETFs, More Segments on the Horizon
- Share(dot)Market has made its grand entrance into the world of stock broking by unveiling an impressive array of offerings, including stocks and ETFs, with plans to expand into Futures and options (F&O) and other segments in the near future.
Bengaluru, NFAPost: In a significant move, PhonePe, a leading player in the Indian digital payments landscape, has ventured into the stock broking arena with Share(dot)Market, operated by its subsidiary PhonePe Wealth Broking Pvt. Ltd. This strategic move aims to bring a fresh perspective to discount broking by amalgamating market intelligence, data-driven WealthBaskets, a scalable tech platform, and a top-notch customer experience.
Share(dot)Market is available as a mobile application and a dedicated web platform, empowering retail investors to purchase stocks, conduct intra-day trades, invest in curated WealthBaskets, and explore mutual funds. This endeavour comes in the wake of SEBI’s initiatives, such as easy onboarding through Aadhaar/Video KYC and faster settlement times, which have fuelled a surge in retail investors’ confidence in the potential of the stock market for wealth creation. The proliferation of Demat accounts and Mutual Fund SIPs underscores this trend.
Share(dot)Market promises to redefine the stock broking landscape by not only offering execution services but also quantitative research, all at a competitive discount broking price. This approach is poised to create an investment journey centred around sustainable wealth creation with a strong customer-centric focus. Leveraging PhonePe’s extensive reach, distribution capabilities, secure transaction system, and customer-centric approach, Share(dot)Market aims to help numerous Indians build their wealth effectively.
The platform aims to provide a diverse range of investment products suitable for investors across various demographics. Share(dot)Market offers stocks for both intra-day and delivery, Mutual Funds, Exchange-Traded Funds (ETFs), and the unique WealthBaskets. WealthBaskets are carefully curated collections of stocks and investment products by SEBI registered intermediaries, designed to align with specific themes, sectors, or market trends. These offerings simplify active equity portfolio building while maintaining cost-effectiveness and convenience.
Investors and traders using Share(dot)Market will gain access to real-time insights and intelligence embedded into products and DIY tools. These insights will enable them to make informed investment decisions. The platform also hosts a dedicated Markets section, providing users with the ability to track stock market indices, stocks, and sectors through an intuitive Watchlist tracker. PhonePe users can easily install the app and access the web platform using their PhonePe-linked mobile numbers, streamlining the onboarding and activation process.
Ujjwal Jain, CEO of Share(dot)Market, expressed excitement about the launch, highlighting the platform’s role in driving financial inclusion and catering to the evolving needs of investors. He emphasized the platform’s commitment to combining intelligence with broking to create lasting value for customers.
Sujit Modi, CIO of Share(dot)Market, emphasized the platform’s user-friendly interface, which integrates quantitative research-based wealth solutions with broking for research-led guidance. This integration aims to reshape how investors and traders engage with the stock market.
Pricing Details
- Equity Delivery: Lower of 0.05% or Rs. 20/executed order
- Equity Intraday: Lower of 0.05% or Rs. 20/executed order
Share(dot)Market Platform Charges
- One-time onboarding fee of INR 199, including various benefits applicable until March 31, 2024:
- Zero brokerage up to INR 400 on trades
- Zero Platform fee for in-house and Third Party WealthBaskets
- Zero Brokerage on WealthBasket transactions across both in-house and Third Party WealthBaskets
About PhonePe Wealth Broking
PhonePe Wealth Broking Private Limited, a subsidiary of PhonePe Private Limited, is a registered Stock Broker with NSE and BSE, a Depository Participant with CDSL, and a Mutual Fund distributor with AMFI. Share.Market, launched in August 2023, is a wealth and investment platform catering to investors and traders of all expertise levels.
About Quantech Capital
Quantech Capital Private Limited, a SEBI registered Investment Advisor and a 100% subsidiary of PhonePe Wealth Broking Private Limited, provides research support to PhonePe Wealth Broking. WealthBaskets are curated collections of stocks and ETFs based on various strategies, themes, or research.
About PhonePe
Founded in December 2015, PhonePe has emerged as India’s largest payments app, fostering digital inclusion for consumers and merchants. With 480 million registered users and a vast network of offline merchants, PhonePe is a prominent player in the digital payment ecosystem. The company has also ventured into financial services, offering mutual funds and insurance products.
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Disclaimer: Investments in the securities market carry inherent risks; investors are advised to read all related documents carefully before investing. PhonePe Wealth Broking acts as a distributor of mutual funds and WealthBaskets.
PhonePe Wealth Broking: SEBI Regn. No: INZ000302639, Depository Participant with CDSL: IN-DP-696-2022, and Mutual Fund distributor with AMFI Registration No: ARN-187821. Registered and correspondence office – 2, No. 80/1, 81/1 and 81/2, Floor 3,4,5,6 and 7, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.
