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Product Details
Brokerage and Fees
  • No fee is charged to users for investing in mutual funds. However, it is important to understand that Shrae India only offers 'regular mutual fund schemes' and not 'direct mutual fund schemes'. Regular mutual fund schemes charge a higher expense ratio - (expense ratio is a fee which is charged by all mutual funds schemes from mutual fund investors). Regular mutual fund schemes charge a higher expense ratio because they have built-in commissions for mutual fund distributors/platforms selling regular mutual fund schemes like Share India. 

Account Opening Fees

Free

Eligibility

You must be an Indian citizen or resident. You must be at least 18 years old. You must have a valid PAN card and Aadhaar card. You must have a bank account linked to your mobile number.

Annual Fees

INR 0

Share India
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Share India Mutual Funds Investment App Review

Special Features

None 

Features
Cons
  • Limited plan options: Share India only offers regular mutual funds, you'd miss out on the potential benefits of lower expense ratios associated with direct plans.

Pros


  • User-friendly platform (possibility): Share India might have a user-friendly platform for managing your investments, but this depends on user reviews and their website design.

Pros and Cons
How to Apply?

To open an account with ShareIndia, you can follow these steps:

1. Choose Your Account Type:

  • Trading Account: For buying and selling shares, F&O, currency, and commodities.

  • Demat Account: For holding your securities in electronic form.

ShareIndia offers both accounts as a package.

2. Visit the ShareIndia Website or Download the App:

3. Click on "Open Account" or "Open Demat Account":

  • You'll find this option prominently displayed on their website or app.

4. Fill in the Online Application Form:

  • Provide your personal details like name, contact information, PAN card number, bank account details, etc.

5. Upload Required Documents:

  • Scan and upload copies of your PAN card, address proof (Aadhaar, passport, driving license, etc.), bank statement, and a photograph.

6. Complete e-KYC:

  • ShareIndia offers an e-KYC (Know Your Customer) process, which can be completed online using your Aadhaar and a webcam.

7. Verify Your Details:

  • A ShareIndia representative may contact you to verify the details provided in your application.

8. Wait for Account Activation:

  • After successful verification, your account will be activated within a few working days.

Documents Required

PAN card, Aadhaar card, cancelled cheque from your linked bank account, photograph. 

Account Opening and Procedures
Share India Mutual Funds Investment App Review

Very outdated and basic app. It also lacks transparency, therefore it is difficult to recommend this platform for mutual fund investment.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Recommedation For Stock Market Investment

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