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Groww maintains lead over Zerodha and Angel One amid user base decline in June

EntrackrEntrackr · 8m ago
Groww maintains lead over Zerodha and Angel One amid user base decline in June
Medial

Groww maintains lead over Zerodha and Angel One amid user base decline in June The Indian stock market’s active user base has declined from a peak of 49.67 million in January to 47.89 million in June. However, it grew 2% month-on-month in the previous month, from 46.93 million in May. Groww maintained its leading position in overall active users with a 26.27% market share, despite a 1.67% drop in its user base, which declined to 12.58 million in June from 12.79 million in May, according to NSE data. Meanwhile, rival Zerodha retained its second spot with a 15.58% market share and 7.58 million users. However, it saw a 2.23% month-on-month decline from 7.75 million users in the previous month. Angel One holds the third spot with a 15.28% market share and 7.32 million users, narrowing the gap with Zerodha. Other major brokers, Upstox and ICICIdirect, held on to the fourth and fifth positions, respectively. Ratan Tata-backed Upstox (5.37% market share) saw a 3.36% decline in its user base to 2.57 million, while ICICIdirect (4.07% market share) maintained a steady user base of 1.95 million. Among traditional brokers, HDFC Securities (1.58 million users) and SBI Securities (1.01 million) recorded month-on-month growth of 1.32% and 1.65%, respectively. In contrast, Kotak and Motilal Oswal saw declines of 0.86% and 1.07%, respectively. Emerging broker Dhan retained its 10th position with 1 million users and a market share of 2.08%. Paytm Money’s user base grew by 2.74% to 7.24 lakh, while Sharekhan’s client base declined by 2.46% to 6.25 lakh. Both remained among the top 20 stock brokers. On the other hand, PhonePe’s Share.Market appears to be losing ground, with its user base declining by 3.52% in June to 3.47 lakh users.

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Groww expands stock broking lead in Dec 2025; Zerodha and Angel One lose clients

EntrackrEntrackr · 2m ago
Groww expands stock broking lead in Dec 2025; Zerodha and Angel One lose clients
Medial

Groww expands stock broking lead in Dec 2025; Zerodha and Angel One lose clients As India’s retail broking industry continues to face a slowdown, the total number of active users declined further to 4.48 crore in December 2025 from a peak of 4.96 crore in January 2025. Despite the broader decline, Groww continued to grow its user base, held a 27.06% market share, and posted marginal growth, while peers such as Zerodha, Angel One, and others reported a drop in active clients. According to NSE data, Groww added around 39,500 active demat accounts during the month and took its total client base to about 1.21 crore (12.13 million). Among major brokers, Zerodha has been losing clients for several months. After shedding around 1 lakh users in November, it lost another 72,000 clients in December. Its total user base now stands at 68.5 lakh, giving it a 15.29% market share. Angel One followed closely with a 15.08% share and 67.6 lakh clients, after losing more than 36,500 users in December. Upstox, ranked fourth, also saw a decline of over 74,000 accounts and now holds a 4.64% market share with 20.8 lakh clients. Among traditional players, ICICI Securities and SBI Caps added around 19,500 and 25,300 accounts, respectively. Paytm also saw an increase of about 18,700 accounts, while most other brokers, including HDFC Securities, Kotak Securities, and Motilal Oswal, reported a decline in client numbers. Emerging brokers showed mixed trends during the month. Recently turned unicorn Dhan held a steady user base of 9.8 lakh with a 2.2% market share and added a marginal 4,700 users, while INDmoney and PhonePe’s Share.Market reported month-on-month declines of 4.37% and 6.16%, respectively.

Groww continues to lead stock broking space in July; PhonePe’s Share.Market dips 6%

EntrackrEntrackr · 7m ago
Groww continues to lead stock broking space in July; PhonePe’s Share.Market dips 6%
Medial

Groww continues to lead stock broking space in July; PhonePe’s Share.Market dips 6% The Indian stock market’s active user base has declined for the second consecutive month, falling 4% in July 2025 to 45.96 million from 47.89 million in June. The active user base had peaked at 49.67 million in January this year. Groww retained its lead with a 26.87% market share and 12.35 million active clients, despite a 1.81% month-on-month decline from 12.58 million in June, according to NSE data. Zerodha held the second spot with a 16.17% market share and 7.43 million users. However, it also saw a 2% month-on-month drop from 7.58 million in June. Angel One closed the gap with Zerodha with a 15.66% market share and 7.2 million users, experiencing a 1.68% month-on-month drop. Ratan Tata-backed Upstox held the fourth position and witnessed a steep 3.77% drop in its user base this month. It has a 5.38% market share with 2.47 million clients. Among traditional brokers, ICICIDirect (1.96 million users), HDFC Securities (1.57 million), and Kotak Securities (1.44 million) remained steady with market shares of 4.26%, 3.43%, and 3.14%, respectively. Emerging broker Dhan moved up to the ninth position with a 2.17% market share and one million users. INDmoney ranked 11th with a 1.76% market share and 0.81 million clients. Paytm Money’s client base grew 3% month-on-month to 0.75 million, holding a 1.62% market share. In contrast, Sharekhan’s user base declined 2.70% to 0.61 million. Mirae Asset (0.42 million users) and PhonePe's Share.Market (0.33 million) saw the steepest declines in user base with a drop of 8% and 6% respectively.

Groww widens lead over Zerodha in Oct despite market slowdown

EntrackrEntrackr · 4m ago
Groww widens lead over Zerodha in Oct despite market slowdown
Medial

Groww widens lead over Zerodha in Oct despite market slowdown Amid a slowdown in India’s retail broking industry, wealth-tech platform Groww was the only major player to record growth in October 2025. According to NSE data, Groww added 1.38 lakh active demat accounts during the month, taking its total to 1.2 crore (12 million). Other leading discount brokers saw a decline in active users. Zerodha and Angel One reported drops of 62,000 and 34,000 accounts, respectively, while Upstox lost about 59,000. The total number of active demat accounts across the top 25 brokers slipped 0.13% in October, indicating a phase of consolidation in the retail investing segment. Among traditional players, ICICI Securities and SBI Caps added 13,000 and 25,000 accounts, respectively. Paytm gained around 30,000 new accounts, while most other brokers, including HDFC and Kotak Securities, reported small declines. Digital-first platforms continue to lead the broking market, with Groww, Zerodha, and Angel One together holding over 57% of NSE demat accounts. Groww accounts for about 26.6% of the total, highlighting its growing share among retail investors. Between July and October 2025, the number of active demat accounts across leading brokers fell from 4.72 crore (47.2 million) to 4.52 crore (45.2 million), reflecting the slowdown after the post-pandemic expansion. The rate of decline has eased, pointing to early signs of stabilization in the market. Groww’s continued growth indicates steady user additions despite the broader industry slowdown.

Dhan crosses 1 Mn users mark in Feb; Groww continues to lead stockbroking space

EntrackrEntrackr · 9d ago
Dhan crosses 1 Mn users mark in Feb; Groww continues to lead stockbroking space
Medial

Dhan crosses 1 Mn users mark in Feb; Groww continues to lead stockbroking space India’s retail broking industry added 3.5 lakh users in February, taking the total to 4.54 crore. Groww led additions, while Dhan crossed the 1 million user mark. India’s retail broking industry saw moderate growth in February as active users rose by over 3.5 lakh to 4.54 crore from 4.51 crore in January 2026. Groww continued to add the highest number of users, with 3.5 lakh new clients in January and 2.65 lakh in February. Significantly, Dhan crossed the 1 million users mark after adding 19,000 new users during the last month. Zerodha and Angel One each added over 10,000 clients during the month. According to NSE data, Groww saw another 2.13% month-on-month rise in its user base in February 2026, which took its total client base to around 1.27 crore (12.75 million) and pushed its market share to 28.03%. Zerodha again added 10,000 clients in February, after several months of decline last year. The firm had lost around 1 lakh users in November and another 72,000 in December. Its total user base now stands at 68.72 lakh, with a 15.11% market share. Angel One added over 10,000 new demat accounts in February after a loss of 13,000 users in January. Upstox slipped to 5th place in January after losing 41,000 users and continued its decline in February, losing over 27,000 accounts, with its market share falling to 4.42%. Among traditional players, ICICI Securities, SBI Securities, and Kotak Securities added around 30,000, 16,400, and 9,500 accounts, respectively. Paytm saw an increase of about 9,700 accounts, while HDFC Securities and Motilal Oswal reported a decline in client numbers. Emerging brokers Dhan and INDmoney reported growth in their user base, adding 19,000 and 6,000 users, respectively. Recently turned unicorn Dhan crossed the 10 lakh user mark, with a market share of 2.24%.

Groww strengthens lead in stock broking space in November as Zerodha sees further decline

EntrackrEntrackr · 3m ago
Groww strengthens lead in stock broking space in November as Zerodha sees further decline
Medial

url: https://entrackr.com/fintrackr/groww-strengthens-lead-in-stock-broking-space-in-november-as-zerodha-sees-further-decline-10897857 Content: Amid a slowdown in India’s retail broking industry, overall active users remained flat in November at 4.5 crore (45 million). Groww continued to dominate with a 26.84% market share and recorded marginal user growth, while Zerodha, Angel One and others saw a decline in clients. Recently listed wealth-tech platform Groww was one of the only major players to record growth in November 2025. According to NSE data, Groww added around 42,000 active demat accounts during the month, keeping its total client base at around 1.2 crore (12 million). As of 12:13 PM today, Groww’s share price is trading at around Rs 143 per share, with a market capitalization of Rs 88,436 crore or roughly $10 billion. Among major brokers, Zerodha saw the biggest drop in users this month, shedding nearly 1 lakh clients. Its total user base is now 69.24 lakh with a 15.38% market share. Angel One is close behind with a 15.09% share and 67.95 lakh clients after losing over 55,000 users in November. Upstox, at the fourth spot, also lost more than 65,000 accounts and now has a 4.78% market share with 21.52 lakh clients. Among traditional players, ICICI Securities and SBI Caps added around 19,000 and 30,000 accounts, respectively. Paytm also gained about 22,000 new accounts, while most other brokers, including HDFC and Kotak Securities, saw declines. Emerging brokers continued to show mixed trends. Recently turned unicorn Dhan maintained a steady user base of 9.8 lakh with a 2.18% market share, while INDmoney and PhonePe’s Share.Market saw month-on-month declines of 2.84% and 4.28%, respectively. Between January and November 2025, active demat accounts across major brokers dropped from a peak of 4.96 crore (49.64 million) to 4.50 crore (45 million), reflecting a broader slowdown in market participation.

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