"Penis envy" is seen in
Female child in phallic phase (3-5 years)
Female child develops sexual feeling towards father, (electra complex) and when she comes to know that she doesn't have a penis, develops a desire to have it. This is termed as "Penis envy".
She thinks she had a penis and later her mother has castrated her and becomes angry on her.
Male child in genital phase
Male child in phallic phase
Female child in phallic phase
Female child in genital phase