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PhonePe's broking arm: nil AMC, ₹10 F&O

4.1/ 5App: 4.2/5
  • Since 2023
  • Delivery ₹20 or 0.1% per order (min ₹2)
  • AMC Nil (regular + BSDA)
Open an account with Share.MarketCompare Share.Market →SEBI stockbroker INZ000302639 | Member: NSE, BSE | DP: CDSL | AMFI-registered MF distributor

Reviewed by LetsInvest Research DeskUpdated 14 Sept 2026Pricing verified 14 Sept 2026How we test

Fees & pricing4.4
Trading platforms4.2
Customer support3.8
Research & education4.0
Ease of opening4.5

Overview

PhonePe Wealth Broking's Share.Market offers stocks, ETFs, F&O, WealthBaskets, mutual funds and IPOs with flat capped pricing and nil AMC.

Best for: PhonePe users wanting low flat brokerage with research baskets.

Pros & cons

What we like

  • Nil account opening plus nil AMC
  • Low flat caps: ₹20 equity and ₹10 F&O
  • WealthBaskets plus MF distribution and TradingView

Watch out for

  • ₹10 F&O slab confirmed for newer accounts — check your vintage
  • Ancillaries add up: RMS, call-and-trade, transfers
  • One demat plus trading account per PAN only

Fees & charges

Account charges

Account openingOne-time charge to open your demat + trading account. Many discount brokers have made this free.
₹0 (free)✓ Verified 14/9/2026Source: Share.Market charges page · Static-verified
Annual maintenance (AMC)Yearly demat maintenance, charged by the broker (separate from CDSL/NSDL custodian fees). Often free for the first year.
Nil (regular + BSDA)✓ Verified 14/9/2026Source: Share.Market charges page · Static-verified

Equity

Equity deliveryBrokerage when you buy shares and hold them overnight or longer. This is the charge long-term investors should minimise.
₹20 or 0.1% per order (min ₹2)✓ Verified 14/9/2026Source: Share.Market charges page · Static-verified
IntradayBrokerage on same-day buy-sell trades. Percentage caps (e.g. 0.03%) protect small orders from the flat fee.
₹20 or 0.1% per order (min ₹2)✓ Verified 14/9/2026Source: Share.Market charges page · Static-verified
DP charge (sell)Charged when shares leave your demat on a sell (delivery). Goes mostly to the depository, not the broker.
₹18.50 per sell (incl CDSL ₹3.25)✓ Verified 14/9/2026Source: Share.Market charges page · Static-verified

Derivatives (F&O)

OptionsPer-order charge for options buying/selling. Excludes STT, exchange and SEBI charges, which apply equally everywhere.
₹10 per order✓ Verified 14/9/2026Source: Share.Market charges page · Static-verified
FuturesPer-order charge for futures trades. Same statutory extras as options apply on top.
₹10 per order✓ Verified 14/9/2026Source: Share.Market charges page · Static-verified
Source & freshness
Source
Each broker's official pricing page (per-row source links above)
Timeliness
Static-verified
Verified
14/9/2026
Method
reported
Note
Re-checked against official pages; unverified rows show Confirming. Never a live tick.

Sources: official broker pricing pages. Figures marked “Confirming” are being re-verified — always confirm before trading.

What you can invest in

Stocks (delivery)
✓ Yes
Intraday
✓ Yes
Futures & options
✓ Yes
Mutual funds
✓ Yes
IPOApply via app
✓ Yes
US stocks
—
Trading API
—

Platforms & features

platforms

  • Mobile app✓ · Share.Market app (Android + iOS)
  • Web platform✓ · share.market

investing

  • IPO investing✓ · Apply via app

trading

  • Charting✓ · TradingView integration

research

  • Research & advisory✓ · WealthBaskets + research

support

  • Customer support✓ · Email helpdesk

Support & company

Customer support

Email helpdesk

Company facts

Founded
2023
Regulation
SEBI stockbroker INZ000302639 | Member: NSE, BSE | DP: CDSL | AMFI-registered MF distributor
Our verdict
A strong low-cost full-stack option with genuinely free AMC; confirm your F&O slab before comparing.

How to open a Share.Market account

  1. Start your application

    Open the Share.Market signup with your mobile number and email — it takes about 10 minutes.

  2. Complete e-KYC

    Verify with PAN, Aadhaar-based OTP, a live selfie and your bank proof (cancelled cheque or statement).

  3. E-sign documents

    Digitally sign the account-opening form and nomination details via Aadhaar e-sign.

  4. Get your client ID

    Activation usually takes 24–48 hours. Your login credentials arrive by email and SMS.

Start your Share.Market application

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Brokerage history

No price changes recorded since tracking began — current fees verified 14/9/2026. How monthly tracking works →

Affiliate disclosure: LetsInvest earns a commission if you open an account via links on this page — at no extra cost to you. Rankings are editorial and never sold. Read how we make money and our methodology.
How we research. Every fee on this site carries a source and a verification date. Data is re-checked against official broker pages; read our editorial methodology. LetsInvest is a research publication, not a financial adviser — see our terms.
Open an account with Share.Market

Official site — pricing varies by plan, verify before acting.