PhonePe announces the launch of its Stock Broking platform Share(dot)Market.
Bengaluru: PhonePe has launched Share(dot)Market through its subsidiary PhonePe Wealth Broking Pvt. Ltd.. Share(dot)Market revolutionizes discount broking with market intelligence, quantitative research-based WealthBaskets, and a scalable technology platform. Accessible via mobile app and web, it enables retail investors to buy stocks, perform Intra Day trades, acquire Curated WealthBaskets, and invest in Mutual funds. Share(dot)Market innovates stock broking by combining quantitative research and execution at competitive prices, prioritizing a customer-centric wealth-building journey. Utilizing PhonePe’s broad reach, secure transactions, and top-notch experience, Share(dot)Market aims to empower Indians in wealth creation.
Share(dot)Market offers a diverse range of investment products for a balanced portfolio. This includes stocks (intraday and delivery), Mutual Funds, ETFs, and WealthBaskets. The platform includes a dedicated Markets section to monitor stock market, Indices, Stocks, and Sectors, along with an intuitive Watchlist tracker. PhonePe users can install the app or access the web platform using their PhonePe-linked mobile numbers. After logging in, completing the KYC process activates their Broking and Demat accounts.
Ujjwal Jain, CEO of Share(dot)Market, expressed excitement about the launch, emphasizing their aim to drive Financial Inclusion at scale. Highlighting the rising equity savings trend and active trading community, he believes Share(dot)Market will facilitate growth with technological expertise, reach, seamless onboarding, and superior product experience. Their goal is to provide Discount Broking advantages while delivering lasting customer value through advanced technology, data, research, and immersive experiences, ushering in an era of Value led Discount Broking coupled with intelligence.
Sujit Modi, CIO of Share(dot)Market, noted that Share(dot)Market will attract new demographics to broking, aiding their investing journey through ready-made Quant research-based offerings like WealthBaskets. The user-friendly interface integrates global standard quant research with Broking for research-led guidance, aiming to reshape how investors and traders interact with the stock market.
