UPI payments giant PhonePe launches Share.Market to compete with Zerodha, Groww, others

PhonePe has launched ShareMarket, a stock broking platform under its subsidiary PhonePe Wealth Broking Pvt. Ltd.

ShareMarket provides investors with options to invest in stocks, intra-day trades, and buy curated WealthBaskets and mutual funds.

WealthBaskets are collections of stocks/investment products curated by SEBI-registered intermediaries that align with specific themes, sectors, or market trends

The platform also has a dedicated Markets section to track stocks, indices, and sectors

The platform also offers market intelligence, quantitative research-based WealthBaskets, and a scalable technology platform to provide investors with a well-rounded and balanced portfolio