Phone Pe share market App
PhonePe, the Walmart-backed financial technology firm has ventured into stock broking with a separate brand and mobile app named ‘Share.Market’. The app will feature a range of investment products including stocks (intraday and delivery), mutual funds, and exchange-traded funds (ETFs).
For traders, Share.Market App will provide Futures and Options (FnO) strategy building capabilities and visual trading tools.
Share market Phone Pe charges and pricing
Tariff for Demat and Trading Account
There will be Zero Brokerage across all product segments (Equity, F&O and WealthBaskets) till June 30, 2024 as an entry offer for all users of the app.
Charges for Trading Account
| Charges | Amount |
|---|---|
| Equity Intraday | ₹20 per executed order or 0.05% whichever is lower |
| Equity Delivery | ₹20 per executed order or 0.05% whichever is lower |
| F&O – Futures | ₹20 per executed order |
| F&O – Options | ₹20 per executed order |
| WealthBasket Platform Fees | Zero Platform fees for all WealthBaskets^ |
| Equity Delivery WealthBasket | ₹20 per executed stock order or 0.05% whichever is lower |
| RMS or Auto Square off charges | Additional ₹30 per executed order placed through RMS / Auto Square off intraday or otherwise by PPWB |
Demat Account Share.market phone pe charges
| Details | Charges | |
|---|---|---|
| Stamp charges payable upfront for DDPI | Nil | |
| ||
| First Year | Nil | |
| Second Year Onwards | ₹15 per month charged quarterly in advance | |
| ||
| Buy(Receive) | Nil | |
| Sell (Debit) | ₹13.50 per instruction per ISIN | |
| ||
| Buy(Receive) | Nil | |
| Sell (Debit) | 0.04% or ₹50 whichever is higher | |
| Demat (Per certificate) | ₹150 per certificate | |
| Remat (Per certificate) | ₹150 per certificate | |
| Courier charges per Demat/Remat/CMR | ₹100 | |
| Pledge Request | ₹20 per request | |
| Unpledge Request | ₹20 per request | |
| Pledge invocation | ₹20 per request | |
| Margin Pledge | ₹20 per request | |
| Margin Unpledge | ₹20 per request | |
| Margin Repledge | ₹20 per request | |
| ||
| By Email | Free | |
| Physical | ₹100 per request | |
| ||
| By Email | ₹50 per request | |
| Physical | ₹100 per request upto 10 pages, ₹5 per additional page | |
| ||
| First Delivery Instruction Book | Free (10 Leaves) | |
| Every Additional Booklet (10 Leaves) | ₹100 | |
| Payment Bounce Charges | ₹350 | |
| Failed Transactions | ₹50 per ISIN | |
| Modification in CML such as Email, mobile, Address and other profile details modification | ₹100 per request | |
Share Market Phone Pe Brokerage Review
As we know that Phone Pe has recently started its broking operations for indian traders and investors, its charges are minimal as it is in customer acquisition phase. Phone Pe has recently started is F&O segment for trading interested in future and options in index and stocks. Beginners may find the UI user friendly but pro users are not opting phone pe for their large investments. Most popular brokers among traders fraternity are Zerodha, Upstox and Angel One Broking House.
Share.market by PhonePe — Hidden & Lesser-Known Charges (2026)
Most people open a Share.market account seeing “₹0 brokerage” and assume it’s completely free. It’s not. Here’s what actually gets charged — with exact figures.
1. Demat AMC — Free Only for Year 1
Share.market’s AMC is NIL for the first year. From the second year onwards, it becomes ₹180 per annum — charged at ₹15 per month, billed quarterly in advance (₹45 per quarter).
Most users who opened accounts in 2023-24 are now in their second year and will see this charge hit without warning.
What to do: Check your account opening date. If you’re past 12 months, ₹45 will be debited from your ledger every quarter automatically.
2. DP Charges — Paid Every Time You Sell Delivery Shares
This is the most commonly missed charge. DP charges are ₹13.25 per instruction per ISIN, which includes CDSL charges of ₹3.25.
This means every time you sell shares held in your demat — even 1 share — ₹13.25 is deducted flat. It doesn’t matter if your profit is ₹5 or ₹5,000. If you’re selling 5 different stocks on the same day, that’s ₹66.25 gone before brokerage.
Real example: You buy Infosys, TCS, and HDFC Bank and sell all three in one session. DP charge = ₹13.25 × 3 = ₹39.75, regardless of trade size.
3. Brokerage — ₹20 Per Order
Share.market charges a maximum of ₹20 per order on equity intraday, delivery, and F&O trading. The zero brokerage offer was a launch promotion — do not assume it is permanent.
4. Auto Square-Off Charge — ₹30
If you forget to close your intraday position manually before 3:15 PM, Share.market will close it for you and charge ₹30 per order on top of regular brokerage.
What to do: Always set a reminder at 3:00 PM on intraday trading days.
5. Fund Transfer Charges — ₹10.62 Per Transaction
A fund transfer charge of ₹10.62 (₹9 + 18% GST) applies per transaction — except for UPI. Always add funds via UPI (PhonePe, GPay) to avoid this charge completely. NEFT or IMPS will cost ₹10.62 every single time.
6. Physical Contract Note — ₹50 Each
Clients who opt to receive physical contract notes are charged ₹50 per note. Keep your settings on digital or email delivery — there is no benefit to physical copies.
Complete Charges at a Glance
| Charge | Amount |
|---|---|
| Account Opening | ₹0 |
| Demat AMC — Year 1 | ₹0 |
| Demat AMC — Year 2 onwards | ₹180/year (₹45/quarter) |
| DP Charge on selling | ₹13.25 per ISIN |
| Brokerage | ₹20 per order |
| Auto Square-Off | ₹30 per order |
| Fund Transfer (non-UPI) | ₹10.62 per transaction |
| Physical Contract Note | ₹50 per note |
⚠️ Disclaimer: All charges listed above are for informational purposes only and are subject to change. Please verify the latest rates on Share.market’s official website before making any trading decisions.