Who are the largest brokerage firms in India?

General
489

NSE Data for November 2023 (Archived) -

Symbol Meaning | :large_blue_circle: - No change | :green_circle: - Moved up | :red_circle: - Moved down | :yellow_circle: - Newly added |

S. No Trading Member Name (aka Name of Stock Broker) Active Clients Since last month Change
1 NEXTBILLION TECHNOLOGY PRIVATE LIMITED (GROWW) 7092413 +328434 :large_blue_circle:
2 ZERODHA BROKING LIMITED 6598363 +122773 :large_blue_circle:
3 ANGEL ONE LIMITED 5098124 +183140 :large_blue_circle:
4 RKSV SECURITIES INDIA PRIVATE LIMITED (UPSTOX) 2237974 +52161 :large_blue_circle:
5 ICICI SECURITIES LIMITED 1875350 +1990 :large_blue_circle:
6 KOTAK SECURITIES LTD. 1055717 +31286 :large_blue_circle:
7 HDFC SECURITIES LTD. 1016329 +21425 :large_blue_circle:
8 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 807786 +15965 :large_blue_circle:
9 SBICAP SECURITIES LIMITED 757635 +40889 :large_blue_circle:
10 PAYTM MONEY LTD. 740285 +26367 :large_blue_circle:
11 SHAREKHAN LTD. 624891 +7677 :large_blue_circle:
12 5PAISA CAPITAL LIMITED 495066 +8101 :large_blue_circle:
13 IIFL SECURITIES LIMITED 413244 +316 :large_blue_circle:
14 AXIS SECURITIES LIMITED 325971 +1368 :large_blue_circle:
15 MONEYLICIOUS SECURITIES PRIVATE LIMITED (DHAN) 310070 +27684 :large_blue_circle:
16 MIRAE ASSET CAPITAL MARKETS ( INDIA ) PRIVATE LIMITED 242582 +23168 :green_circle:
17 GEOJIT FINANCIAL SERVICES LIMITED 233756 +5220 :red_circle:
18 INDMONEY PRIVATE LIMITED 216246 – :yellow_circle:
19 FYERS SECURITIES PRIVATE LIMITED 204904 +3263 :red_circle:
20 CHOICE EQUITY BROKING PRIVATE LIMITED 195950 +8605 :red_circle:
21 NUVAMA WEALTH AND INVESTMENT LIMITED (EDELWEISS) 174748 +702 :red_circle:
22 SMC GLOBAL SECURITIES LTD. 163038 +5293 :red_circle:
23 ALICE BLUE FIN SVCS P LTD 155619 +1212 :red_circle:
24 RELIGARE BROKING LIMITED 136664 +2321 :red_circle:
25 NIRMAL BANG SECURITIES PVT. LTD. 131473 +2694 :red_circle:
26 MARWADI SHARES AND FINANCE LIMITED 115161 +3279 :red_circle:
27 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 114238 +3792 :red_circle:
28 VENTURA SECURITIES LTD. 104760 +2027 :red_circle:
29 JAINAM BROKING LIMITED 91016 +3493 :red_circle:
30 FINVASIA SECURITIES PRIVATE LIMITED 81004 +3984 :large_blue_circle:
31 SAMCO SECURITIES LIMITED 80407 +2722 :red_circle:
32 JM FINANCIAL SERVICES LIMITED 77229 +6698 :green_circle:
33 SWASTIKA INVESTMART LIMITED 77180 +1087 :red_circle:
34 RELIANCE SECURITIES LIMITED 76161 -181 :red_circle:
35 ADITYA BIRLA MONEY LIMITED 74655 +2448 :red_circle:
36 TRADEBULLS SECURITIES (P) LTD. 68027 +1575 :red_circle:
37 NJ INDIA INVEST PRIVATE LIMITED 67042 +1935 :red_circle:
38 STOCKHOLDING SERVICES LIMITED 59952 +4673 :green_circle:
39 YES SECURITIES (INDIA) LIMITED 59787 +3244 :red_circle:
40 MONARCH NETWORTH CAPITAL LIMITED 56093 +703 :red_circle:
41 GLOBE CAPITAL MARKET LIMITED 55589 +1863 :green_circle:
42 MASTER CAPITAL SERVICES LIMITED 55415 +1154 :red_circle:
43 IDBI CAPITAL MARKETS & SECURITIES LTD. 54015 -77 :red_circle:
44 BONANZA PORTFOLIO LTD. 49476 +1122 :red_circle:
45 INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED 44953 +483 :large_blue_circle:
46 ARIHANT CAPITAL MARKETS LIMITED 44731 +1669 :large_blue_circle:
47 JHAVERI SECURITIES LIMITED 43652 +1717 :large_blue_circle:
48 MARKETWOLF SECURITIES PRIVATE LIMITED 41740 -3657 :red_circle:
49 PRABHUDAS LILLADHER PVT. LTD. 40969 +1057 :large_blue_circle:
50 PROFITMART SECURITIES PRIVATE LIMITED 39855 -203 :red_circle:
51 GOODWILL WEALTH MANAGEMENT PVT LTD 34986 -27 :red_circle:
52 SURESH RATHI SECURITIES PRIVATE LIMITED 34920 +1190 :large_blue_circle:
53 BAJAJ FINANCIAL SECURITIES LTD. 33587 -1328 :red_circle:
54 SHAH INVESTORS HOME LIMITED 31790 – :yellow_circle:
55 SHRI PARASRAM HOLDINGS PVT. LTD. 31358 +835 :red_circle:
56 VNS FINANCE & CAPITAL SERVICES LTD. 30376 -74 :red_circle:
57 DHANI STOCKS LIMITED 30286 +480 :red_circle:
58 LKP SECURITIES LTD. 28737 +445 :red_circle:
59 ACML CAPITAL MARKETS LIMITED 28254 +1369 :red_circle:
60 MONEYWISE FINVEST LIMITED 27489 -1388 :red_circle:
61 SHRIRAM INSIGHT SHARE BROKERS LIMITED 27210 +604 :red_circle:
62 ASTHA CREDIT & SECURITIES (P) LTD 26745 +1111 :red_circle:
63 ESPRESSO FINANCIAL SERVICES PRIVATE LIMITED. 26459 -404 :red_circle:
64 FORTUNE CAPITAL SERVICES PRIVATE LIMITED 25560 +1265 :red_circle:
65 CHOLAMANDALAM SECURITIES LIMITED 24346 +937 :red_circle:
66 ECONO BROKING PRIVATE LIMITED 23141 +709 :red_circle:
67 LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD. 21627 +621 :red_circle:
68 SOUTH ASIAN STOCKS LTD. 21111 -31 :red_circle:
69 CANARA BANK SECURITIES LIMITED 18991 -659 :red_circle:
70 PRUDENT BROKING SERVICES PRIVATE LIMITED 18349 +381 :red_circle:
71 ASHIKA STOCK BROKING LTD. 18150 +241 :red_circle:
72 ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 17966 +628 :red_circle:
73 ALANKIT IMAGINATIONS LIMITED 16186 +425 :red_circle:
74 GOLDMINE STOCKS PRIVATE LIMITED 15582 +240 :red_circle:
75 STEEL CITY SECURITIES LTD. 15513 +506 :large_blue_circle:
76 PHILLIPCAPITAL (INDIA) PVT. LTD 15366 +106 :red_circle:
77 ACUMEN CAPITAL MARKET (INDIA) LTD 15273 -19 :red_circle:
78 ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITED 13662 +120 :red_circle:
79 FINWIZARD TECHNOLOGY PRIVATE LIMITED 13288 +566 :red_circle:
80 BOB CAPITAL MARKETS LIMITED 12514 +215 :red_circle:
81 RUDRA SHARES & STOCK BROKERS LIMITED 12500 +249 :red_circle:
82 TRUSTLINE SECURITIES LIMITED 12476 +137 :red_circle:
83 ISS ENTERPRISE LIMITED 11962 +358 :red_circle:
84 SYKES & RAY EQUITIES (I) LTD. 11962 +286 :red_circle:
85 BP EQUITIES PRIVATE LIMITED 11660 +205 :red_circle:
86 NAVIA MARKETS LTD. 11517 -63 :red_circle:
87 PRAVIN RATILAL SHARE AND STOCK BROKERS LTD 11451 +167 :red_circle:
88 BHANSALI VALUE CREATIONS PRIVATE LIMITED 10324 +208 :red_circle:
89 PUNE E STOCK BROKING LIMITED 9856 +138 :red_circle:
90 LSC SECURITIES LIMITED 9397 +273 :red_circle:
91 ENRICH FINANCIAL MARKET PRIVATE LIMITED 8535 – :yellow_circle:
92 SS CORPORATE SECURITIES LIMITED 8505 +76 :red_circle:
93 STANDARD CHARTERED SECURITIES (INDIA) LIMITED 8419 +170 :red_circle:
94 MANSUKH SECURITIES & FINANCE LIMITED 8155 +135 :red_circle:
95 INDIRA SECURITIES PRIVATE LIMITED 8106 +211 :red_circle:
96 SHREE BAHUBALI STOCK BROKING LTD 8081 +221 :red_circle:
97 R K GLOBAL SHARES & SECURITIES LIMITED 7905 +72 :red_circle:
98 DBFS SECURITIES LIMITED 7658 +178 :red_circle:
99 PRITHVI FINMART PRIVATE LIMITED 7265 +108 :red_circle:
100 KRCHOKSEY SHARES AND SECURITIES PRIVATE LIMITED 6894 +10 :red_circle:
101 MANGAL KESHAV FINANCIAL SERVICES LLP 6671 +178 :red_circle:
102 SPFL SECURITIES LIMITED 6427 +229 :red_circle:
103 MEHTA EQUITIES LIMITED 6424 +168 :red_circle:
104 SUNLIGHT BROKING LLP 6202 +197 :red_circle:
105 SMIFS LIMITED 5654 -16 :red_circle:
106 RAGHUNANDAN CAPITAL PRIVATE LIMITED 5584 +156 :red_circle:
107 MANDOT SECURITIES PRIVATE LIMITED 5565 +346 :red_circle:
108 SYSTEMATIX SHARES & STOCKS (INDIA) LTD. 5220 +83 :red_circle:
109 MARKET-HUB STOCK BROKING PRIVATE LIMITED 5098 +86 :red_circle:
110 ELITE WEALTH LIMITED 4845 +94 :red_circle:
111 INDUS PORTFOLIO (P) LTD 4598 +132 :red_circle:
112 GANGANAGAR COMMODITY LIMITED 4336 +56 :red_circle:
113 PACE STOCK BROKING SERVICES PRIVATE LIMITED 4234 +99 :red_circle:
114 PEERLESS SECURITIES LIMITED 4180 +22 :red_circle:
115 MSE FINANCIAL SERVICES LTD. 4102 +98 :red_circle:
116 COCHIN STOCK BROKERS LTD. 3908 +210 :red_circle:
117 ASHLAR SECURITIES PRIVATE LIMITED 3730 -4 :red_circle:
118 HINDUSTAN TRADECOM PRIVATE LIMITED 3376 +99 :red_circle:
119 AJCON GLOBAL SERVICES LIMITED 3124 -9 :red_circle:
120 KANTILAL CHHAGANLAL SECURITIES PRIVATE LIMITED 2951 +114 :red_circle:
121 JYOTI PORTFOLIO PRIVATE LIMITED 2768 +55 :red_circle:
122 SKP SECURITIES LTD. 2741 +49 :red_circle:
123 ALMONDZ GLOBAL SECURITIES LTD. 2672 +179 :red_circle:
124 BEELINE BROKING LTD 2489 +4 :red_circle:
125 CENTRUM BROKING LIMITED 2468 +93 :red_circle:
126 ARHAM WEALTH MANAGEMENT PVT LTD 2317 +53 :red_circle:
127 DP TRADEKING PVT LTD 2276 +48 :red_circle:
128 VOGUE COMMERCIAL COMPANY LIMITED 2246 +22 :red_circle:
129 KEDIA CAPITAL SERVICES PRIVATE LIMITED 2186 -13 :red_circle:
130 DEALMONEY SECURITIES PRIVATE LIMITED 2116 -18 :red_circle:
131 AJMERA ASSOCIATES LTD. 2046 +54 :red_circle:
132 STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED 1956 +70 :red_circle:
133 COMPOSITE INVESTMENTS PRIVATE LIMITED 1926 -8 :red_circle:
134 AMBALAL SHARES & STOCKS PRIVATE LIMITED 1805 – :yellow_circle:
135 MULTIPLEX CAPITAL LTD. 1725 +63 :red_circle:
136 LFS BROKING PRIVATE LIMITED 1550 -61 :red_circle:
137 FARSIGHT SECURITIES LTD. 1483 +25 :red_circle:
138 COMFORT SECURITIES LIMITED 1308 +8 :red_circle:
139 VCK SHARE & STOCK BROKING SERVICES LTD. 1286 +31 :red_circle:
140 INTERACTIVE BROKERS (INDIA) PRIVATE LIMITED 1252 – :yellow_circle:
141 KARUNA FINANCIAL SERVICES PVT. LTD 1033 +16 :red_circle:
142 JUST TRADE SECURITIES LIMITED 999 – :yellow_circle:
490

I can totally relate! Out of my 20-30 trader/investor friends, only one friend has an account with Groww, and it’s been dormant since he stopped trading through it.

491

I would like to see what happens in the coming months after this BNP Paribas sells Indian retail broking arm Sharekhan to Mirae Asset Financial for Rs 3,000 cr.

492

I have used Groww in the past for investing in MF in '18-19. I recently downloaded it to check and noticed that they are now a UPI payment app also. :roll_eyes:

1 Like
493

Mstock is getting merged with Sharekhan?
If yes they will move to no: 8.

2 Likes
494

Hopefully now they will stop emailing me about paying AMC fee forever. :laughing: :laughing:

495

NSE Data for December 2023 (Archived) -

Symbol Meaning | :large_blue_circle: - No change | :green_circle: - Moved up | :red_circle: - Moved down | :yellow_circle: - Newly added |

S. No Trading Member Name (aka Name of Stock Broker) Active Clients Since last month Change
1 NEXTBILLION TECHNOLOGY PRIVATE LIMITED (GROWW) 7600536 +508123 :large_blue_circle:
2 ZERODHA BROKING LIMITED 6731544 +133181 :large_blue_circle:
3 ANGEL ONE LIMITED 5339014 +240890 :large_blue_circle:
4 RKSV SECURITIES INDIA PRIVATE LIMITED (UPSTOX) 2294957 +56983 :large_blue_circle:
5 ICICI SECURITIES LIMITED 1868369 -6981 :large_blue_circle:
6 KOTAK SECURITIES LTD. 1086716 +30999 :large_blue_circle:
7 HDFC SECURITIES LTD. 1035815 +19486 :large_blue_circle:
8 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 822389 +14603 :large_blue_circle:
9 SBICAP SECURITIES LIMITED 792363 +34728 :large_blue_circle:
10 PAYTM MONEY LTD. 765145 +24860 :large_blue_circle:
11 SHAREKHAN LTD. 633954 +9063 :large_blue_circle:
12 5PAISA CAPITAL LIMITED 502938 +7872 :large_blue_circle:
13 IIFL SECURITIES LIMITED 415249 +2005 :large_blue_circle:
14 MONEYLICIOUS SECURITIES PRIVATE LIMITED (DHAN) 341081 +31011 :green_circle:
15 AXIS SECURITIES LIMITED 332288 +6317 :red_circle:
16 MIRAE ASSET CAPITAL MARKETS ( INDIA ) PRIVATE LIMITED 268371 +25789 :large_blue_circle:
17 INDMONEY PRIVATE LIMITED 243722 +27476 :green_circle:
18 GEOJIT FINANCIAL SERVICES LIMITED 235110 +1354 :red_circle:
19 FYERS SECURITIES PRIVATE LIMITED 208282 +3378 :large_blue_circle:
20 CHOICE EQUITY BROKING PRIVATE LIMITED 197259 +1309 :large_blue_circle:
21 NUVAMA WEALTH AND INVESTMENT LIMITED (EDELWEISS) 172375 -2373 :large_blue_circle:
22 SMC GLOBAL SECURITIES LTD. 165905 +2867 :large_blue_circle:
23 ALICE BLUE FIN SVCS P LTD 157251 +1632 :large_blue_circle:
24 RELIGARE BROKING LIMITED 137996 +1332 :large_blue_circle:
25 NIRMAL BANG SECURITIES PVT. LTD. 133384 +1911 :large_blue_circle:
26 MARWADI SHARES AND FINANCE LIMITED 119335 +4174 :large_blue_circle:
27 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 116722 +2484 :large_blue_circle:
28 VENTURA SECURITIES LTD. 106866 +2106 :large_blue_circle:
29 JAINAM BROKING LIMITED 93804 +2788 :large_blue_circle:
30 FINVASIA SECURITIES PRIVATE LIMITED 85285 +4281 :large_blue_circle:
31 SAMCO SECURITIES LIMITED 84023 +3616 :large_blue_circle:
32 JM FINANCIAL SERVICES LIMITED 82407 +5178 :large_blue_circle:
33 SWASTIKA INVESTMART LIMITED 78007 +827 :large_blue_circle:
34 RELIANCE SECURITIES LIMITED 75193 -968 :large_blue_circle:
35 ADITYA BIRLA MONEY LIMITED 74942 +287 :large_blue_circle:
36 TRADEBULLS SECURITIES (P) LTD. 70540 +2513 :large_blue_circle:
37 NJ INDIA INVEST PRIVATE LIMITED 69985 +2943 :large_blue_circle:
38 STOCKHOLDING SERVICES LIMITED 63025 +3073 :large_blue_circle:
39 YES SECURITIES (INDIA) LIMITED 62918 +3131 :large_blue_circle:
40 GLOBE CAPITAL MARKET LIMITED 57427 +1838 :green_circle:
41 MASTER CAPITAL SERVICES LIMITED 56418 +1003 :green_circle:
42 MONARCH NETWORTH CAPITAL LIMITED 56401 +308 :red_circle:
43 IDBI CAPITAL MARKETS & SECURITIES LTD. 54127 +112 :large_blue_circle:
44 BONANZA PORTFOLIO LTD. 50474 +998 :large_blue_circle:
45 ARIHANT CAPITAL MARKETS LIMITED 46143 +1412 :green_circle:
46 JHAVERI SECURITIES LIMITED 45409 +1757 :green_circle:
47 INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED 45283 +330 :red_circle:
48 PRABHUDAS LILLADHER PVT. LTD. 41950 +981 :green_circle:
49 PROFITMART SECURITIES PRIVATE LIMITED 39471 -384 :green_circle:
50 MARKETWOLF SECURITIES PRIVATE LIMITED 38815 -2925 :red_circle:
51 SURESH RATHI SECURITIES PRIVATE LIMITED 36233 +1313 :green_circle:
52 GOODWILL WEALTH MANAGEMENT PVT LTD 34729 -257 :red_circle:
53 SHAH INVESTORS HOME LIMITED 32599 +809 :green_circle:
54 SHRI PARASRAM HOLDINGS PVT. LTD. 32240 +882 :green_circle:
55 BAJAJ FINANCIAL SECURITIES LTD. 31364 -2223 :red_circle:
56 LKP SECURITIES LTD. 31318 +2581 :green_circle:
57 DHANI STOCKS LIMITED 30574 +288 :large_blue_circle:
58 VNS FINANCE & CAPITAL SERVICES LTD. 30103 -273 :red_circle:
59 ACML CAPITAL MARKETS LIMITED 29260 +1006 :large_blue_circle:
60 ASTHA CREDIT & SECURITIES (P) LTD 27656 +911 :green_circle:
61 SHRIRAM INSIGHT SHARE BROKERS LIMITED 27439 +229 :large_blue_circle:
62 FORTUNE CAPITAL SERVICES PRIVATE LIMITED 26700 +1140 :green_circle:
63 MONEYWISE FINVEST LIMITED 25711 -1778 :red_circle:
64 CHOLAMANDALAM SECURITIES LIMITED 25197 +851 :green_circle:
65 ECONO BROKING PRIVATE LIMITED 23937 +796 :green_circle:
66 ESPRESSO FINANCIAL SERVICES PRIVATE LIMITED. 23394 -3065 :red_circle:
67 LAKSHMISHREE INVESTMENT & SECURITIES PVT. LTD. 22186 +559 :large_blue_circle:
68 SOUTH ASIAN STOCKS LTD. 21014 -97 :large_blue_circle:
69 PRUDENT BROKING SERVICES PRIVATE LIMITED 18876 +527 :green_circle:
70 CANARA BANK SECURITIES LIMITED 18844 -147 :red_circle:
71 ASHIKA STOCK BROKING LTD. 18323 +173 :large_blue_circle:
72 ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 18198 +232 :large_blue_circle:
73 ALANKIT IMAGINATIONS LIMITED 16333 +147 :large_blue_circle:
74 GOLDMINE STOCKS PRIVATE LIMITED 15952 +370 :large_blue_circle:
75 STEEL CITY SECURITIES LTD. 15665 +152 :large_blue_circle:
76 PHILLIPCAPITAL (INDIA) PVT. LTD 15542 +176 :large_blue_circle:
77 ACUMEN CAPITAL MARKET (INDIA) LTD 15241 -32 :large_blue_circle:
78 FINWIZARD TECHNOLOGY PRIVATE LIMITED 13924 +636 :green_circle:
79 ANS PVT. LTD. 13915 – :yellow_circle:
80 ZEBU SHARE AND WEALTH MANAGEMENTS PRIVATE LIMITED 13552 -110 :red_circle:
81 BOB CAPITAL MARKETS LIMITED 12760 +246 :red_circle:
82 RUDRA SHARES & STOCK BROKERS LIMITED 12560 +60 :red_circle:
83 TRUSTLINE SECURITIES LIMITED 12450 -26 :red_circle:
84 ISS ENTERPRISE LIMITED 12264 +302 :red_circle:
85 SYKES & RAY EQUITIES (I) LTD. 12239 +277 :red_circle:
86 BP EQUITIES PRIVATE LIMITED 11916 +256 :red_circle:
87 PRAVIN RATILAL SHARE AND STOCK BROKERS LTD 11824 +373 :large_blue_circle:
88 NAVIA MARKETS LTD. 11197 -320 :red_circle:
89 BHANSALI VALUE CREATIONS PRIVATE LIMITED 10583 +259 :red_circle:
90 PUNE E STOCK BROKING LIMITED 9952 +96 :red_circle:
91 LSC SECURITIES LIMITED 9573 +176 :red_circle:
92 SS CORPORATE SECURITIES LIMITED 8567 +62 :large_blue_circle:
93 STANDARD CHARTERED SECURITIES (INDIA) LIMITED 8520 +101 :large_blue_circle:
94 MANSUKH SECURITIES & FINANCE LIMITED 8326 +171 :large_blue_circle:
95 INDIRA SECURITIES PRIVATE LIMITED 8219 +113 :large_blue_circle:
96 ENRICH FINANCIAL MARKET PRIVATE LIMITED 8202 -333 :red_circle:
97 SHREE BAHUBALI STOCK BROKING LTD 8191 +110 :red_circle:
98 R K GLOBAL SHARES & SECURITIES LIMITED 7933 +28 :red_circle:
99 DBFS SECURITIES LIMITED 7583 -75 :red_circle:
100 PRITHVI FINMART PRIVATE LIMITED 7351 +86 :red_circle:
101 KRCHOKSEY SHARES AND SECURITIES PRIVATE LIMITED 6907 +13 :red_circle:
102 MANGAL KESHAV FINANCIAL SERVICES LLP 6802 +131 :red_circle:
103 MEHTA EQUITIES LIMITED 6608 +184 :large_blue_circle:
104 SPFL SECURITIES LIMITED 6489 +62 :red_circle:
105 SUNLIGHT BROKING LLP 6328 +126 :red_circle:
106 INVESTMENTOR SECURITIES LTD. 6233 – :yellow_circle:
107 MANDOT SECURITIES PRIVATE LIMITED 5801 +236 :large_blue_circle:
108 RAGHUNANDAN CAPITAL PRIVATE LIMITED 5779 +195 :red_circle:
109 SMIFS LIMITED 5613 -41 :red_circle:
110 MARFATIA STOCK BROKING PRIVATE LIMITED 5322 – :yellow_circle:
111 SYSTEMATIX SHARES & STOCKS (INDIA) LTD. 5269 +49 :red_circle:
112 MARKET-HUB STOCK BROKING PRIVATE LIMITED 5254 +156 :red_circle:
113 ELITE WEALTH LIMITED 4943 +98 :red_circle:
114 INDUS PORTFOLIO (P) LTD 4691 +93 :red_circle:
115 GANGANAGAR COMMODITY LIMITED 4490 +154 :red_circle:
116 PACE STOCK BROKING SERVICES PRIVATE LIMITED 4273 +39 :red_circle:
117 PEERLESS SECURITIES LIMITED 4228 +48 :red_circle:
118 MSE FINANCIAL SERVICES LTD. 4182 +80 :red_circle:
119 COCHIN STOCK BROKERS LTD. 3941 +33 :red_circle:
120 ASHLAR SECURITIES PRIVATE LIMITED 3736 +6 :red_circle:
121 ATS SHARE BROKERS PRIVATE LIMITED 3524 – :yellow_circle:
122 HINDUSTAN TRADECOM PRIVATE LIMITED 3455 +79 :red_circle:
123 KANTILAL CHHAGANLAL SECURITIES PRIVATE LIMITED 2963 +12 :red_circle:
124 AJCON GLOBAL SERVICES LIMITED 2903 -221 :red_circle:
125 ALMONDZ GLOBAL SECURITIES LTD. 2864 +192 :red_circle:
126 JYOTI PORTFOLIO PRIVATE LIMITED 2797 +29 :red_circle:
127 SKP SECURITIES LTD. 2768 +27 :red_circle:
128 CENTRUM BROKING LIMITED 2624 +156 :red_circle:
129 BEELINE BROKING LTD 2525 +36 :red_circle:
130 ARHAM WEALTH MANAGEMENT PVT LTD 2369 +52 :red_circle:
131 DP TRADEKING PVT LTD 2277 +1 :red_circle:
132 VOGUE COMMERCIAL COMPANY LIMITED 2261 +15 :red_circle:
133 KEDIA CAPITAL SERVICES PRIVATE LIMITED 2181 -5 :red_circle:
134 DEALMONEY SECURITIES PRIVATE LIMITED 2090 -26 :red_circle:
135 AJMERA ASSOCIATES LTD. 2065 +19 :red_circle:
136 STANDARD SECURITIES & INVESTMENT INTERMEDIATES LIMITED 2019 +63 :red_circle:
137 COMPOSITE INVESTMENTS PRIVATE LIMITED 1928 +2 :red_circle:
138 AMBALAL SHARES & STOCKS PRIVATE LIMITED 1813 +8 :red_circle:
139 MULTIPLEX CAPITAL LTD. 1751 +26 :red_circle:
140 FARSIGHT SECURITIES LTD. 1496 +13 :red_circle:
141 LFS BROKING PRIVATE LIMITED 1467 -83 :red_circle:
142 ABHIPRA CAPITAL LTD. 1422 – :yellow_circle:
143 COMFORT SECURITIES LIMITED 1300 -8 :red_circle:
144 VCK SHARE & STOCK BROKING SERVICES LTD. 1299 +13 :red_circle:
145 INTERACTIVE BROKERS (INDIA) PRIVATE LIMITED 1249 -3 :red_circle:
146 KARUNA FINANCIAL SERVICES PVT. LTD 1061 +28 :red_circle:
147 JUST TRADE SECURITIES LIMITED 1003 +4 :red_circle:
5 Likes
496

This Groww’s growth is very interesting, i hope they are not manufacturing it for the paper!

1 Like
497

It is legitimate and noticeable among the youngsters. They offer direct mutual funds for free, without any AMC. Zerodha has AMC, Account opening charges, etc, making it unattractive for people who just want to SIP into MFs, without trading.

1 Like
498

Groww has added more clients in a single month than the total active clients of 5paisa

Yeah! The numbers look unbelievable.

499

Growth is through tons of marketing spends.

2 Likes
501

When will you upload the January 2024 list?

3 Likes
502

The January 2024 list is not out yet (can be confirmed by checking https://archives.nseindia.com/miscellaneous/ArbitrationReports/isc_report1C_2324.xls). It usually is updated by the 10th of each month, but sometimes it gets delayed by a few days (holidays, weekends, etc). Will share it once it uploaded on the NSE website.

3 Likes
503

NSE Data for January 2024 (Archived) -

Symbol Meaning | :large_blue_circle: - No change | :green_circle: - Moved up | :red_circle: - Moved down | :yellow_circle: - Newly added |

S. No Trading Member Name (aka Name of Stock Broker) Active Clients Since last month Change
1 NEXTBILLION TECHNOLOGY PRIVATE LIMITED (GROWW) 8420803 +820267 :large_blue_circle:
2 ZERODHA BROKING LIMITED 6994952 +263408 :large_blue_circle:
3 ANGEL ONE LIMITED 5685889 +346875 :large_blue_circle:
4 RKSV SECURITIES INDIA PRIVATE LIMITED (UPSTOX) 2401555 +106598 :large_blue_circle:
5 ICICI SECURITIES LIMITED 1875186 +6817 :large_blue_circle:
6 KOTAK SECURITIES LTD. 1134719 +48003 :large_blue_circle:
7 HDFC SECURITIES LTD. 1062264 +26449 :large_blue_circle:
8 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 848809 +26420 :large_blue_circle:
9 SBICAP SECURITIES LIMITED 830820 +38457 :large_blue_circle:
10 PAYTM MONEY LTD. 801809 +36664 :large_blue_circle:
11 SHAREKHAN LTD. 650277 +16323 :large_blue_circle:
12 5PAISA CAPITAL LIMITED 517898 +14960 :large_blue_circle:
13 IIFL SECURITIES LIMITED 426451 +11202 :large_blue_circle:
14 MONEYLICIOUS SECURITIES PRIVATE LIMITED (DHAN) 385819 +44738 :large_blue_circle:
15 AXIS SECURITIES LIMITED 342472 +10184 :large_blue_circle:
16 MIRAE ASSET CAPITAL MARKETS ( INDIA ) PRIVATE LIMITED 298475 +30104 :large_blue_circle:
17 INDMONEY PRIVATE LIMITED 284263 +40541 :large_blue_circle:
18 GEOJIT FINANCIAL SERVICES LIMITED 238218 +3108 :large_blue_circle:
19 FYERS SECURITIES PRIVATE LIMITED 214075 +5793 :large_blue_circle:
20 CHOICE EQUITY BROKING PRIVATE LIMITED 191662 -5597 :large_blue_circle:
21 NUVAMA WEALTH AND INVESTMENT LIMITED (EDELWEISS) 172812 +437 :large_blue_circle:
22 SMC GLOBAL SECURITIES LTD. 172133 +6228 :large_blue_circle:
23 ALICE BLUE FIN SVCS P LTD 160409 +3158 :large_blue_circle:
24 RELIGARE BROKING LIMITED 140818 +2822 :large_blue_circle:
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4 Likes
504

Within a year Angel broking too will overtake Zerodha as the 2nd largest broker. Good for customers as this churning will force the top players to continue to innovate and not get too complacent, like earlier The ‘No.1’ broker got complacent and started taking their customers for granted.

8 Likes
505

The way zerodha operated as a classic company self funded and slow and high quality product is really good. This gives a big leverage for the founders to operate freely and innovate than sacrificing their time and life to the PE / angel investors. The only thing they lack is the customer support quality - it is as good as any startup (if you in startup you know your lead engineer is also a customer support guy) and lowest compared to ICICIdirect. We know there is no software without issues and so it takes time and effort to deliver a good quality software. All I’m saying , Zerodha could invest a portion of their money into customer support than burn it in LearnApp or whatever it is.

People come here often mentioning the innovation and not seeing the UI, innovation in their favourite broker app. I tell you , when dealing with sensitive items in software that deal with money, you gotta be doing high quality work than going forward implementing everything but nothing works out well or done it mediocre way or a half arsed way. This will never work in long time. In long time , what works is the quality, consistency and deterministic results . This is what we hope in many company stocks we invest in, our utensils, our devices, our homes and so on. There is always time to make software high quality and there is always time to innovate.

This works everywhere . Look at Apple vs rest of the phone market. Apple still beats it with their quality, consistency and long term supports.

2 Likes
507

There is a difference between blasting out features, and listening to community feedback and building on it.

Other brokerage firms are innovating quickly while also not compromising on quality.

The thing pulling Zerodha back might be it having the most users. Groww is first but no one I know uses it for trading. 10 people I know use it for purely MFs, meaning they operate on a much smaller scale. Almost every trader I’ve seen on Twitter uses Zerodha. With this large an active userbase, it’s hard to please everyone.

But Zerodha has comparatively very few people in it’s team, and they’ve been quite public and proud about this.

3 years ago, Kailash posted that they (only) had "two mobile developers, two designers, two frontend developers, one test engineer, one devops engineer, and one liaison who helps us keep track of communication with other sprawling departments.

5 Likes
508

Its true , but the thing is that their “Back Office function” is good , i am telling this after using 3 other brokers’ service , this makes Zerodha different from other brokers, i wish going forward "Option OI Limit problem " will be sorted out by Zerodha :slightly_smiling_face:

509

Which desktop trading platform does Groww provide

510

I don’t understand how Fyers is not gaining more clients compared to other brokers, though their platform is quite great and robust and offers varied features too, which is missing in many brokers out there. For example, they recently launched Fyers Journal to maintain the e-diary along with trades.

I’ve personally used Angle One, and Kite too, but being obsessed with TradingView I feel Fyers Web is much more convenient to use.

Is this due to they don’t advertise and always miss moments marketing? I mean INDMoney is above Fyers. I don’t know how many active traders use INDMoney.

I’m active in a few Discord Trading Communities and I haven’t seen anyone using Groww, INDMoney but still, they stand out. Maybe it’s due to the younger audience who have entered via advertisement but are not active traders.

1 Like