The stock brokerage landscape in India is dominated by several key players, with Groww leading the pack, holding a 25.8% market share, reflecting its rapid growth and increasing adoption by retail investors.
Here is the breakdown of market share among the top brokers:
Top Stock Brokers Market Share
- Groww: 25.8%
- Zerodha: 16.5%
- Angel: 15.4%
- RSKV (Upstox): 5.8%
- ICICI Securities: 4%
- Kotak Securities: 3%
- HDFC Securities: 2.7%
- Motilal Oswal: 2%
- Others: 24.8%
Largest Brokers (In Terms of Accounts)
देश के सबसे बड़े स्टॉक ब्रोकर्स ?
1) Groww: 25.8%
2) Zerodha: 16.5%
3) Angel: 15.4%
4) RSKV (Upstox): 5.8%
5) ICICI Sec: 4%
6) Kotak Sec: 3%
7) HDFC Sec: 2.7%
8) Motilal Oswal: 2%
9) Others 24.8%— Sumit Mehrotra (@SumitResearch) December 12, 2024
Key Highlights:
- Groww’s dominance: Groww has emerged as a retail favorite due to its user-friendly interface and digital-first approach, capturing the largest market share.
- Zerodha and Angel: Zerodha, a pioneer in discount broking, holds the second spot with 16.5%, while Angel Broking follows closely with 15.4%.
- Traditional players: ICICI Securities, Kotak Securities, and HDFC Securities maintain a significant presence, leveraging their strong customer base and banking networks.
- Others: Smaller brokers collectively account for nearly a quarter (24.8%) of the market, showcasing a fragmented segment catering to niche or regional clients.
