PhonePe announces the launch of its Stock Broking platform Share(dot)Market
Bhubaneswar: PhonePe, today announced its foray into stock broking with Share(dot)Market, under its subsidiary PhonePe Wealth Broking Pvt. Ltd. Share(dot)Market elevates discount broking by providing market intelligence, quantitative research-based Wealth Baskets, a scalable technology platform, and great customer experience for investors and traders alike. Share(dot)Market is available as a mobile app and a dedicated web platform, enabling retail investors to Buy Stocks, do Intra Day trades, buy Curated Wealth Baskets and Mutual funds.
Speaking on the launch, Ujjwal Jain, Chief Executive Officer (CEO), Share(dot)Market, “We are delighted to launch Share(dot)Market which further enables our vision of driving Financial Inclusion at a population scale. In the last few years, we have seen an increase in the percentage of savings going into Equities in a big way. There is a vibrant growth in the active trading community which trades with different objectives. We believe Share(dot)Market will propel this growth with the backing of our technological prowess, reach, seamless on boarding, and superior product experience. Our goal is to offer the benefits of Discount Broking while creating lasting value for our customers as they invest and trade. We will continue to invest in advanced technology, data, research, and immersive experiences to offer these benefits at scale and drive this new era of Value led Discount Broking coupling intelligence with Broking.”
Sujit Modi, Chief Investment Officer (CIO), Share(dot)Market added, “Share(dot)Market will bring newer demographics into Broking helping them get started on their investing journey with off-the-shelf Quant research-led offerings including WealthBaskets. With our user-friendly interface which will integrate global standard quant research based Wealth Solutions with Broking for research led guidance, we aim to reshape the way investors and Traders engage with the stock market.”
Share(dot)Market will bring in a new dimension to Stock Broking by providing quantitative research along with execution, a proven technology platform, at a competitive discount broking price. This will help in creating an investing journey focused on wealth creation on a sustained basis, by taking a customer-first approach. PhonePe’s reach and distribution capabilities coupled with its ability to provide a secure and high trust transaction system, and great customer experience at scale will help a lot of Indians build wealth.
Share(dot)Market will provide a wide spectrum of investment products allowing investors across different demographics to build a well-rounded and balanced portfolio. Share(dot)Market offers stocks (intraday and delivery), Mutual Funds, Exchange-Traded Funds (ETFs), and WealthBaskets. WealthBaskets are curated collections of stocks/investment products by SEBI registered intermediaries that align with specific themes, sectors, or market trends enabling active equity portfolio building with great convenience, and at low costs.