CONNECT WITH US
Funding Tracker

Funding Tracker

Angel One overtakes Zerodha to become second-largest broker; Groww adds over 3 lakh clients in October

Entrackr logo

Published on

Add as a preferred source on Google
Angel One overtakes Zerodha to become second-largest broker; Groww adds over 3 lakh clients in October

Angel One overtook Zerodha to become India’s second-largest stock broker in October 2026, adding nearly 2.43 lakh active clients during the month. Meanwhile, Groww maintained its leadership position with over 1.37 crore active clients, while discount broking platform Sahi recorded the fastest monthly growth among the top 20 brokers.

According to data from the National Stock Exchange (NSE), the total active client base increased 1.33% month-on-month to 4.67 crore in October from 4.61 crore in September, an addition of nearly 6.15 lakh clients.

Groww retained its dominant position with 1.37 crore active clients in October, adding the highest number of clients at 3.04 lakh during the month. Its market share stood at 29.43%, the highest among stock brokers in India.

Angel One moved to the second position with 69.98 lakh active clients, an addition of 2.43 lakh clients during the month. Its market share increased to 14.97%.

Zerodha slipped to the third position with 67.59 lakh active clients, down 32,435 from 67.91 lakh in September. Its market share stood at 14.46%.

ICICI Securities retained the fourth position with 21.64 lakh active clients, adding 3,722 clients during the month. Upstox held the fifth spot with 18.43 lakh active clients, despite a decline of 11,348 clients. Their respective market shares stood at 4.63% and 3.94%.

Among other major brokers, Kotak Securities added 12,895 clients to reach 14.05 lakh, while HDFC Securities' active client base increased to 13.60 lakh from 13.54 lakh in September.

45%. 15%. 96%.



Source link
Related Topics:Funding Tracker

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.