Press Release

Press Release

PhonePe’s Share.Market enhances convenience with friction-free onboarding

  • Share.Market removes the Rs.199 onboarding charges
  • This change will make equity investing accessible to all
  • Will expedite wider adoption of KYC process enabling investors to become investment ready

Bengaluru, October 30th, 2023: Share.Market, a PhonePe product, today announced the removal of onboarding charges of Rs. 199, ensuring a seamless onboarding experience. Share.Market is on a continuous journey to empower its investors and enhance their experience. Aligned with its long-term focus on penetrating equity investing through broking and prioritizing value creation, the platform has introduced this strategic change that aligns with its vision. 

Share.Market recognizes the potential to further streamline the onboarding and KYC processes. The primary objective is to ensure that Share.Market becomes even more accessible, eliminating any friction that might have been a barrier to a swift start in the investment world. The focus remains unwavering, with the company aiming to create a platform that’s driven by Quantitative Research, offering a comprehensive suite of products, tools, and experiences to empower users in their investment journey.

Mr. Ujjwal Jain, CEO, Share.Market said, “The launch of Share.Market has garnered an exceptional response from the investor community. By eliminating the onboarding fees, Share.Market is now more accessible, removing any obstacles that may have hindered a quick entry into the investment world. With this move, we aim to expedite the wider adoption of the KYC process, enabling more investors to become investment-ready, as we progressively introduce additional products atop our discount broking platform. Our commitment to zero brokerage on WealthBaskets remains in place until March 2024.”  

Launched just two months back, Share.Market, elevates discount broking by providing market intelligence, quantitative research-based WealthBaskets, a scalable technology platform, and great customer experience for investors and traders alike. It provides a wide spectrum of investment products allowing investors across different demographics to build a well-rounded and balanced portfolio. Share.Market offers stocks (intraday and delivery), Mutual Funds, Exchange-Traded Funds (ETFs), and WealthBaskets. WealthBaskets, powered by our in-house Quantitative research arm, are curated collections of stocks/investment products that align with specific themes, sectors, or market trends enabling active equity portfolio building with great convenience.    

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About PhonePe Wealth Broking: PhonePe Wealth Broking Private Limited, registered in April 2021 is a subsidiary of PhonePe Private Limited and is registered with NSE and BSE as a Stock Broker, with CDSL as a Depository Participant  with SEBI as a Research Analyst and with AMFI as a Mutual Fund distributor. Launched in August 2023, Share.Market, a brand of PhonePe Wealth Broking and affiliates, is a wealth and investment platform (app & website), catering to investors and traders of all expertise levels. The platform offers a wide range of investment products, including Stocks, Mutual Funds, WealthBaskets, and more.

About PhonePe Group: 

PhonePe is India’s leading digital payments company with 49+ crore (490+ Million) registered users and 3.6+ crore (36+ Million) merchants covering over 99% of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India’s first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company’s vision to offer every Indian an equal opportunity to accelerate their process by unlocking the flow of money and access to services.

For more details, contact: [email protected] 

PhonePe Wealth Broking: SEBI Regn. No: INZ000302639, Depository Participant with CDSL: IN-DP-696-2022, Research Analyst with SEBI Regd no: INHINH000013387 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member id: BSE – 6756 NSE – 90226. 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. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing. PPWB acts as a distributor of mutual funds and WealthBaskets.