Share.Market Demat Account Charges, Review, Opening

Share.Market stock broker offers a user-friendly mobile trading app and a website platform that are suitable for both experienced and new traders. With the Share.Market trading platform, you can easily open a demat and a trading account (a 2-in-1 account) online. The mobile app offers various financial services including investing in stocks, trading options and futures, applying to IPOs and much more.

Share.Market offers demat services under PhonePe Wealth Broking Private Limited and is registered as a depository participant with CDSL. The company charges zero brokerage for delivery and intraday trading, as of now.

The company charges Rs 180 annually i.e., Rs 15 per month on a quarterly basis for account maintenance from 2nd year onwards. For AMC charges related to BSDA account, you can refer to Share.Market pricing page.

Share Market Demat Account PhonePe

The Share.Market demat account is opened by CDSL. The customer's demat holdings (securities such as shares and ETFs) remain with CDSL and not with Share.Market.

Demat account key features

1. Open a free Demat and trading account.
2. Quick and fast account opening in less than 10 minutes.
3. No Demat Account Maintenance Charges for the 1st year.
4. Depository Participant with CDSL.
5. Demat and trading accounts can be accessed through the Mobile Trading App.
6. Paperless account opening process.
7. One demat account for Stocks, ETFs, & WealthBaskets.

Share.Market Demat Account Opening Process

1. Visit the Share.Market website and click on "Open Account".
2. Enter your mobile number and verify it with an OTP.
3. Provide your email ID, verify it, and confirm or update your PAN number.
4. Use Digilocker to fetch your Aadhaar details by entering the Aadhaar number and OTP.
5. Fill in KYC details such as gender, marital status, occupation, and more.
6. Select your income range and trading experience, then complete the declaration form.
7. Add nominee details and link your bank account.
8. Upload a selfie and a signature photo.
9. Complete the e-signature process (CDSL) using your Aadhaar and OTP.
10. Set a passcode and wait for account activation confirmation via email.

Once you have entered all the details, your demat and trading account will be activated within 3 working days (subject to confirmation from exchanges). Your Account Opening Form (AOF) and Client Master Report (CMR) will be sent to your registered email ID.

Share.Market Demat Account Benefits

• Safe and Secure

  The Share.Market demat accounts provide robust security, protecting traders from theft, loss, and damage to physical certificates.

• Paperless Holding

  With Share.Market, traders can hold stocks, and electronically, reducing paperwork and eliminating the risk of losing physical stock certificates.

• Easy Accessibility

  Access your demat account online from anywhere, view your holdings, track transactions, manage your portfolio, and receive regular electronic statements and updates.

• Cost-Efficient

  Opening a demat account with Share.Market is free. The Account Maintenance Charge (AMC) is Rs 15 per month i.e. Rs 180 per year charged every quarter. AMC is free for the first year. For AMC charges related to BSDA account, you can refer to Share.Market pricing page.

• Simple transfer

  Simple and secure transfer of securities between demat accounts.

• Fast and Efficient Transactions

  Buy and sell securities electronically without the need for physical delivery of shares.

• Single Point Access

  Manage and monitor your entire investment portfolio from a single location.

Share.Market App DP Charges

Once the shares have been purchased via the Share.Market app, they are securely deposited with the CDSL Depository, which charges a fee for this service.

In addition to this fee, Share.Market charges some additional costs on top of this fee, known as DP fees. DP fees only need to be paid once per ISIN if the shares are sold on delivery.

Share.Market demat debit transaction charges:

• Market Trades: Rs 13.25 per instruction per ISIN (including CDSL charges of Rs 3.25)
• Off-Market Trades: 0.04% or Rs 50 whichever is higher (including CDSL charges of Rs 3.25)

The Auto Square off-timing for the Phonepe Share.Market is 3:15 PM and it charges Rs 30 for this process.

Share.Market Demat Review

Share.Market is a discount broking platform that allows users to invest and trade in a variety of financial instruments, including stocks, ETFs, WealthBaskets and Futures & Options. The brokerage charges are free as of now. The account setup is simple, quick, and paperless, with zero fees for opening both demat and trading accounts. When you open an account with Share.Market, your demat account is opened with CDSL, hence the demat account is safe to use.

T&C Apply

Share.Market Demat Charges

Share.Market trading and demat account opening fees are Rs 0 (free). Share.Market charges Rs 180 (free for 1st year) per year demat account AMC. Share.Market demat debit transaction fee of Market Trades: Rs 13.50 per instruction per ISIN Off Market Trades: 0.04% or Rs 50 whichever is higher per debit transaction.