Open an account
- Account opening
- Not stated
- Demat AMC
- Not stated
Apply for IPOs
- Mainboard IPOs
- Yes
- SME IPOs
- Not stated
Sell your IPO shares
- Delivery brokerage
- ₹20 or 0.05%, lower
- DP charge on a sale
- Not stated on the pages we checked
- Cost to sell ₹15,000 of IPO shares
- Not publishedBrokerage and DP with GST, ours
PhonePe Invest (Share.Market): strengths and things worth checking
Worth checking
- Account and DP charges not on the tariff page
The tariff page we read lists no account opening, AMC or DP charge.
- Dealer orders
₹30 extra per order for call and trade or auto square-off.
Strengths
- Low cap on small orders
0.05% or ₹20, so a ₹15,000 sale pays ₹7.50 brokerage.
Company and registration
| Company | PhonePe Wealth Broking Private Limited |
|---|---|
| SEBI stockbroker registration | INZ000302639 |
| Depository participant | IN-DP-696-2022 |
| Website | share.market |
PhonePe Invest (Share.Market) account opening and AMC charges
| Charge | As published by PhonePe Invest (Share.Market) |
|---|---|
| Account opening | Not stated on the pages we checked |
| Demat maintenance (AMC) | Not stated on the pages we checked |
PhonePe Invest (Share.Market) brokerage charges
| Segment | Brokerage |
|---|---|
| Equity deliveryWhen you sell IPO shares | ₹20 or 0.05% per executed order, whichever is lower |
| Equity intraday | ₹20 or 0.05% per executed order, whichever is lower |
| Futures and options | Not stated on the pages we checked |
Other PhonePe Invest (Share.Market) charges
| Charge | As published by PhonePe Invest (Share.Market) |
|---|---|
| DP charge on selling delivery sharesWhen you sell IPO shares | Not stated on the pages we checked |
| Call and trade | ₹30 extra per executed order |
| Auto square-off | ₹30 extra per executed order |
Sources: PhonePe Invest tariff for trading account, PhonePe Invest SEBI registration, read on 23 Oct 2026. GST at 18% applies on brokerage and most charges unless stated. Charges change; check PhonePe Invest (Share.Market)'s page before you open an account.
Government and exchange charges
These are set by the government, SEBI and the exchanges, and are the same at every broker.
| Charge | Equity delivery | Equity intraday |
|---|---|---|
| Securities transaction tax (STT) | 0.1% on buy and sell | 0.025% on sell |
| Exchange transaction charge | NSE 0.00307%, BSE 0.00375% | NSE 0.00307%, BSE 0.00375% |
| SEBI fee | ₹10 per crore | ₹10 per crore |
| Stamp duty (buy side) | 0.015% | 0.003% |
| GST | 18% on brokerage, exchange and SEBI charges | 18% on brokerage, exchange and SEBI charges |
Government and exchange rates as listed on the Zerodha and Indiabulls Securities charges pages, read on 23 Oct 2026.
What it costs to sell your IPO shares on PhonePe Invest (Share.Market)
Applying for an IPO carries no brokerage. Costs come when you sell. For IPO shares worth ₹15,000 sold from your demat account (our calculation):
| PhonePe Invest (Share.Market) brokerage | ₹7.50 |
| GST on brokerage | ₹1.35 |
| DP charge with GST | Not published |
| Charged by PhonePe Invest (Share.Market) | Not published |
|---|---|
| STT (0.1%) | ₹15.00 |
| Exchange and SEBI charges | ₹0.48 |
| All charges on the sale | Not published |
PhonePe Invest (Share.Market) brokerage calculator
Enter a trade to see every charge. The example is one SME lot of 800 shares bought at ₹179 and sold at ₹190.
| Charge | PhonePe Invest (Share.Market) |
|---|
Our calculation from each broker's published charges and the government and exchange rates above (NSE). For delivery, the DP charge is added once on the sale. Where a broker does not publish a charge, it shows as not published.
Applying for IPOs on PhonePe Invest (Share.Market)
| Mainboard IPOs | Yes |
|---|---|
| SME IPOs | Not stated on the pages we checked |
How to apply for an IPO on PhonePe Invest (Share.Market)
- Find the IPO. Open the IPO section of the PhonePe Invest (Share.Market) app or website while bidding is open, and pick the IPO.
- Enter your bid. Enter the number of lots and either tick cut-off price or enter a price within the band. SME IPOs need a price; cut-off is not allowed.
- Approve the UPI mandate. Approve the mandate in your UPI app before 5 pm on the closing day. The money is blocked, not debited, until allotment.
- Check allotment and sell if you choose. Allotted shares reach your PhonePe Invest (Share.Market) demat account the next working day. You can sell from the listing day.
Any demat account also lets you apply through ASBA in your bank's net banking. See the IPOs open this week.
How to open a PhonePe Invest (Share.Market) account
- Keep your documents ready. PAN, Aadhaar linked to your mobile number, a bank account with a cancelled cheque or statement, and your signature on white paper.
- Start on share.market. Sign up on the PhonePe Invest (Share.Market) website or app with your mobile number and email, and verify the OTPs.
- Complete KYC online. Enter your PAN and Aadhaar details, link your bank account, and upload a photo and signature. Most brokers also do in-person verification by video or selfie.
- E-sign the form. Sign the account opening form with an Aadhaar OTP. The account is usually active within one or two working days.
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All brokers and charges compared
Frequently asked questions
What are the PhonePe Invest (Share.Market) account opening charges?
Not stated on the pages we checked. Demat AMC: Not stated on the pages we checked.
What is the PhonePe Invest (Share.Market) brokerage on delivery?
₹20 or 0.05% per executed order, whichever is lower. Intraday: ₹20 or 0.05% per executed order, whichever is lower.
What is the PhonePe Invest (Share.Market) DP charge?
Not stated on the pages we checked. The DP charge is collected each time you sell shares from your demat account, including IPO shares.
Can I apply for SME IPOs on PhonePe Invest (Share.Market)?
PhonePe Invest (Share.Market)'s own pages we checked do not say whether SME IPOs can be applied for. Ask PhonePe Invest (Share.Market) before the IPO opens.
How do I apply for an IPO on PhonePe Invest (Share.Market)?
Open the IPO section of the PhonePe Invest (Share.Market) app, pick the IPO, enter the lots and price (or cut-off for mainboard IPOs), and approve the UPI mandate before 5 pm on the closing day.
What does it cost to sell IPO shares on PhonePe Invest (Share.Market)?
PhonePe Invest (Share.Market) does not publish all the charges needed to work this out on the pages we checked. Ask for the delivery brokerage and DP charge on your plan.
Is PhonePe Invest (Share.Market) registered with SEBI?
Yes. PhonePe Wealth Broking Private Limited is registered with SEBI as a stockbroker, INZ000302639, and as a depository participant, IN-DP-696-2022. You can confirm it on the SEBI website.
What is the PhonePe Invest (Share.Market) margin trading (MTF) interest rate?
Not stated on the pages we checked.
Is PhonePe Invest (Share.Market) good for IPO investors?
It depends on how you invest. Compare the yearly AMC, the cost to sell IPO shares and SME IPO access below with other brokers. We list facts from PhonePe Invest (Share.Market)'s own website and do not rate or rank brokers.