Who are the largest brokerage firms in India?

General
558

NSE Data for April 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) 9931232 +392623 :large_blue_circle:
2 ZERODHA BROKING LIMITED 7392836 +105688 :large_blue_circle:
3 ANGEL ONE LIMITED 6302598 +190719 :large_blue_circle:
4 UPSTOX SECURITIES PRIVATE LIMITED 2555618 +38971 :large_blue_circle:
5 ICICI SECURITIES LIMITED 1862161 +16959 :large_blue_circle:
6 KOTAK SECURITIES LTD. 1248531 +39583 :large_blue_circle:
7 HDFC SECURITIES LTD. 1114215 +16468 :large_blue_circle:
8 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 893218 +13589 :large_blue_circle:
9 SBICAP SECURITIES LIMITED 891155 +27331 :large_blue_circle:
10 PAYTM MONEY LTD. 797157 -4989 :large_blue_circle:
11 SHAREKHAN LTD. 671884 +7031 :large_blue_circle:
12 5PAISA CAPITAL LIMITED 550689 +1642 :large_blue_circle:
13 MONEYLICIOUS SECURITIES PRIVATE LIMITED (DHAN) 512564 +42603 :large_blue_circle:
14 IIFL SECURITIES LIMITED 444044 +4907 :large_blue_circle:
15 MIRAE ASSET CAPITAL MARKETS ( INDIA ) PRIVATE LIMITED 383186 +30249 :green_circle:
16 INDMONEY PRIVATE LIMITED 373042 +29537 :green_circle:
17 AXIS SECURITIES LIMITED 371589 +7685 :red_circle:
18 GEOJIT FINANCIAL SERVICES LIMITED 246824 +3110 :large_blue_circle:
19 FYERS SECURITIES PRIVATE LIMITED 231738 +8940 :large_blue_circle:
20 CHOICE EQUITY BROKING PRIVATE LIMITED 197727 +4182 :large_blue_circle:
21 SMC GLOBAL SECURITIES LTD. 182535 +3823 :large_blue_circle:
22 NUVAMA WEALTH AND INVESTMENT LIMITED. 174917 +1328 :large_blue_circle:
23 ALICE BLUE FIN SVCS P LTD 165397 +1955 :large_blue_circle:
24 RELIGARE BROKING LIMITED 145382 +1399 :large_blue_circle:
25 NIRMAL BANG SECURITIES PVT. LTD. 143486 +2240 :large_blue_circle:
26 MARWADI SHARES AND FINANCE LIMITED 130184 +2735 :large_blue_circle:
27 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 127921 +2657 :large_blue_circle:
28 FINVASIA SECURITIES PRIVATE LIMITED 121529 +8223 :green_circle:
29 JAINAM BROKING LIMITED 104881 +3304 :green_circle:
30 JM FINANCIAL SERVICES LIMITED 100781 +4370 :green_circle:
31 SAMCO SECURITIES LIMITED 89817 -44 :green_circle:
32 ADITYA BIRLA MONEY LIMITED 82790 +2311 :green_circle:
33 SWASTIKA INVESTMART LIMITED 80765 +197 :large_blue_circle:
34 NJ INDIA INVEST PRIVATE LIMITED 80449 +2002 :green_circle:
35 TRADEBULLS SECURITIES (P) LTD. 78154 +1719 :green_circle:
36 YES SECURITIES (INDIA) LIMITED 72962 +1838 :green_circle:
37 RELIANCE SECURITIES LIMITED 72675 -301 :large_blue_circle:
38 GLOBE CAPITAL MARKET LIMITED 64035 +915 :green_circle:
39 MASTER CAPITAL SERVICES LIMITED 61273 +1209 :green_circle:
40 IDBI CAPITAL MARKETS & SECURITIES LTD. 55635 +344 :green_circle:
41 BONANZA PORTFOLIO LTD. 55083 +984 :green_circle:
42 ARIHANT CAPITAL MARKETS LIMITED 52229 +1687 :green_circle:
43 PHONEPE WEALTH BROKING PRIVATE LIMITED 49080 – :yellow_circle:
44 INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED 48353 +685 :green_circle:
45 PRABHUDAS LILLADHER PVT. LTD. 45983 +1128 :green_circle:
46 PROFITMART SECURITIES PRIVATE LIMITED 40396 +203 :green_circle:
47 SHRI PARASRAM HOLDINGS PVT. LTD. 35439 +945 :green_circle:
48 STOCKHOLDING SERVICES LIMITED 35231 -35254 :red_circle:
49 GOODWILL WEALTH MANAGEMENT PVT LTD 34801 +151 :green_circle:
50 DHANI STOCKS LIMITED 33459 +623 :green_circle:
51 BAJAJ FINANCIAL SECURITIES LTD. 33002 +1202 :green_circle:
52 ASTHA CREDIT & SECURITIES (P) LTD 30878 +339 :green_circle:
53 FORTUNE CAPITAL SERVICES PRIVATE LIMITED 30547 +734 :green_circle:
54 VNS FINANCE & CAPITAL SERVICES LTD. 28623 -458 :green_circle:
55 EUREKA STOCK & SHARE BROKING SERVICES LIMITED 27141 +439 :green_circle:
56 SOUTH ASIAN STOCKS LTD. 20851 -76 :green_circle:
57 ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 19483 +291 :green_circle:
58 ALANKIT IMAGINATIONS LIMITED 17406 +188 :green_circle:
59 FINWIZARD TECHNOLOGY PRIVATE LIMITED 16869 +813 :green_circle:
60 PHILLIPCAPITAL (INDIA) PVT. LTD 16300 +162 :green_circle:
61 RUDRA SHARES & STOCK BROKERS LIMITED 13345 +223 :green_circle:
62 INVENTURE GROWTH & SECURITIES LIMITED 12611 +180 :green_circle:
63 GEPL CAPITAL PRIVATE LIMITED 10678 +183 :green_circle:
64 PUNE E STOCK BROKING LIMITED 10562 +136 :green_circle:
65 STANDARD CHARTERED SECURITIES (INDIA) LIMITED 9217 +184 :green_circle:
66 SHREE BAHUBALI STOCK BROKING LTD 8710 +81 :green_circle:
67 AIRAN FINSTOCKS PRIVATE LIMITED 7985 – :yellow_circle:
68 CAPSTOCKS & SECURITIES (INDIA) PRIVATE LIMITED 7281 – :yellow_circle:
69 KRCHOKSEY SHARES AND SECURITIES PRIVATE LIMITED 7164 +70 :green_circle:
70 MANDOT SECURITIES PRIVATE LIMITED 6694 +130 :green_circle:
71 SUNLIGHT BROKING LLP 6651 +88 :green_circle:
72 RAGHUNANDAN CAPITAL PRIVATE LIMITED 6250 +116 :green_circle:
73 SHARE INDIA SECURITIES LIMITED 6011 +332 :green_circle:
74 IFCI FINANCIAL SERVICES LIMITED 5690 +136 :green_circle:
75 KALPATARU MULTIPLIER LTD. 4748 – :yellow_circle:
76 COCHIN STOCK BROKERS LTD. 4323 +51 :green_circle:
77 ATS SHARE BROKERS PRIVATE LIMITED 4034 +74 :green_circle:
78 DB (INTERNATIONAL) STOCK BROKERS LTD. 3444 – :yellow_circle:
79 FINDOC INVESTMART PVT. LTD. 2392 – :yellow_circle:
80 LOHIA SECURITIES LTD. 1947 – :yellow_circle:
81 AXIS CAPITAL LIMITED 1747 – :yellow_circle:
82 CIL SECURITIES LTD. 1713 – :yellow_circle:
83 GANGANAGAR COMMODITY LIMITED 1579 -3221 :green_circle:
84 RRS SHARES & STOCK BROKERS PVT. LTD 1564 – :yellow_circle:
85 INTERACTIVE BROKERS (INDIA) PRIVATE LIMITED 1236 -13 :green_circle:
4 Likes
559

Lot of new entrants this month… that too phonepe with 49k new members in just a month?

560

They have crores of UPI users. One popup in app is enough to make people open demat, especially if they blast FREE FREE FREE

561

While the broking industry is experiencing unprecedented once-in-a-generation tailwinds, the only broker to loose active clients in this month (among the top 30 brokers) is Paytm money. Well done Paytm!

Well, Sharmaji also holds the distinction of perhaps being the single biggest wealth destroyer of retail investors. @ approx 1.4 lakh crores investors money down the gutter (market cap seeked at ipo v current mcap)

3 Likes
562

NSE Data for May 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 Groww Invest Tech Private Limited 10364259 +433027 :large_blue_circle:
2 ZERODHA BROKING LIMITED 7506908 +114072 :large_blue_circle:
3 ANGEL ONE LIMITED 6486808 +184210 :large_blue_circle:
4 RKSV SECURITIES INDIA PRIVATE LIMITED 2591361 +35743 :large_blue_circle:
5 ICICI SECURITIES LIMITED 1874355 +12194 :large_blue_circle:
6 KOTAK SECURITIES LTD. 1282600 +34069 :large_blue_circle:
7 HDFC SECURITIES LTD. 1131497 +17282 :large_blue_circle:
8 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 906096 +12878 :large_blue_circle:
9 SBICAP SECURITIES LIMITED 903606 +12451 :large_blue_circle:
10 PAYTM MONEY LTD. 786983 -10174 :large_blue_circle:
11 SHAREKHAN LTD. 675588 +3704 :large_blue_circle:
12 MONEYLICIOUS SECURITIES PRIVATE LIMITED (DHAN) 562905 +50341 :green_circle:
13 5PAISA CAPITAL LIMITED 547103 -3586 :red_circle:
14 IIFL SECURITIES LIMITED 447088 +3044 :large_blue_circle:
15 MIRAE ASSET CAPITAL MARKETS ( INDIA ) PRIVATE LIMITED 414644 +31458 :large_blue_circle:
16 INDMONEY PRIVATE LIMITED 405731 +32689 :large_blue_circle:
17 AXIS SECURITIES LIMITED 379224 +7635 :large_blue_circle:
18 GEOJIT FINANCIAL SERVICES LIMITED 248548 +1724 :large_blue_circle:
19 FYERS SECURITIES PRIVATE LIMITED 237448 +5710 :large_blue_circle:
20 CHOICE EQUITY BROKING PRIVATE LIMITED 200440 +2713 :large_blue_circle:
21 SMC GLOBAL SECURITIES LTD. 184977 +2442 :large_blue_circle:
22 NUVAMA WEALTH AND INVESTMENT LIMITED. 174281 -636 :large_blue_circle:
23 ALICE BLUE FIN SVCS P LTD 166926 +1529 :large_blue_circle:
24 RELIGARE BROKING LIMITED 146569 +1187 :large_blue_circle:
25 NIRMAL BANG SECURITIES PVT. LTD. 145391 +1905 :large_blue_circle:
26 MARWADI SHARES AND FINANCE LIMITED 131958 +1774 :large_blue_circle:
27 FINVASIA SECURITIES PRIVATE LIMITED 130743 +9214 :green_circle:
28 ANAND RATHI SHARE AND STOCK BROKERS LIMITED 130294 +2373 :red_circle:
29 VENTURA SECURITIES LIMITED 116666 – :yellow_circle:
30 JAINAM BROKING LIMITED 106973 +2092 :red_circle:
31 JM FINANCIAL SERVICES LIMITED 104451 +3670 :red_circle:
32 SAMCO SECURITIES LIMITED 90013 +196 :red_circle:
33 ADITYA BIRLA MONEY LIMITED 84756 +1966 :red_circle:
34 NJ INDIA INVEST PRIVATE LIMITED 82151 +1702 :large_blue_circle:
35 SWASTIKA INVESTMART LIMITED 81089 +324 :red_circle:
36 TRADEBULLS SECURITIES (P) LTD. 79247 +1093 :red_circle:
37 PHONEPE WEALTH BROKING PRIVATE LIMITED 75866 +26786 :green_circle:
38 YES SECURITIES (INDIA) LIMITED 74552 +1590 :red_circle:
39 RELIANCE SECURITIES LIMITED 72294 -381 :red_circle:
40 GLOBE CAPITAL MARKET LIMITED 65022 +987 :red_circle:
41 MASTER CAPITAL SERVICES LIMITED 61998 +725 :red_circle:
42 MONARCH NETWORTH CAPITAL LIMITED 58365 – :yellow_circle:
43 IDBI CAPITAL MARKETS & SECURITIES LTD. 55940 +305 :red_circle:
44 BONANZA PORTFOLIO LTD. 55930 +847 :red_circle:
45 ARIHANT CAPITAL MARKETS LIMITED 53703 +1474 :red_circle:
46 INTEGRATED ENTERPRISES (INDIA) PRIVATE LIMITED 48969 +616 :red_circle:
47 PRABHUDAS LILLADHER PVT. LTD. 46661 +678 :red_circle:
48 PROFITMART SECURITIES PRIVATE LIMITED 40311 -85 :red_circle:
49 SHRI PARASRAM HOLDINGS PVT. LTD. 35670 +231 :red_circle:
50 GOODWILL WEALTH MANAGEMENT PVT LTD 34646 -155 :red_circle:
51 BAJAJ FINANCIAL SECURITIES LTD. 33967 +965 :large_blue_circle:
52 DHANI STOCKS LIMITED 33930 +471 :red_circle:
53 LKP SECURITIES LTD. 33210 – :yellow_circle:
54 ASTHA CREDIT & SECURITIES (P) LTD 31496 +618 :red_circle:
55 FORTUNE CAPITAL SERVICES PRIVATE LIMITED 31064 +517 :red_circle:
56 SHRIRAM INSIGHT SHARE BROKERS LIMITED 29116 – :yellow_circle:
57 VNS FINANCE & CAPITAL SERVICES LTD. 28580 -43 :red_circle:
58 HEM FINLEASE PVT. LTD. 28130 – :yellow_circle:
59 EUREKA STOCK & SHARE BROKING SERVICES LIMITED 27350 +209 :red_circle:
60 KIFS TRADE CAPITAL PRIVATE LIMITED 23805 – :yellow_circle:
61 SOUTH ASIAN STOCKS LTD. 20817 -34 :red_circle:
62 ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD. 19766 +283 :red_circle:
63 FINWIZARD TECHNOLOGY PRIVATE LIMITED 17807 +938 :red_circle:
64 ALANKIT IMAGINATIONS LIMITED 17532 +126 :red_circle:
65 PHILLIPCAPITAL (INDIA) PVT. LTD 16387 +87 :red_circle:
66 MONEYWISE FINVEST LIMITED 16200 – :yellow_circle:
67 BOB CAPITAL MARKETS LIMITED 15698 – :yellow_circle:
68 ESPRESSO FINANCIAL SERVICES PRIVATE LIMITED. 13767 – :yellow_circle:
69 RUDRA SHARES & STOCK BROKERS LIMITED 13434 +89 :red_circle:
70 TRUSTLINE SECURITIES LIMITED 13305 – :yellow_circle:
71 PRAVIN RATILAL SHARE AND STOCK BROKERS LTD 12616 – :yellow_circle:
72 BHANSALI VALUE CREATIONS PRIVATE LIMITED 11518 – :yellow_circle:
73 JKB FINANCIAL SERVICES LIMITED 11350 – :yellow_circle:
74 GEPL CAPITAL PRIVATE LIMITED 10740 +62 :red_circle:
75 PUNE E STOCK BROKING LIMITED 10651 +89 :red_circle:
76 STANDARD CHARTERED SECURITIES (INDIA) LIMITED 9371 +154 :red_circle:
77 SHREE BAHUBALI STOCK BROKING LTD 8801 +91 :red_circle:
78 CENTILLION CAPITAL PRIVATE LIMITED 8690 – :yellow_circle:
79 JOINDRE CAPITAL SERVICES LTD 8556 – :yellow_circle:
80 R K GLOBAL SHARES & SECURITIES LIMITED 8230 – :yellow_circle:
81 AIRAN FINSTOCKS PRIVATE LIMITED 8041 +56 :red_circle:
82 PRITHVI FINMART PRIVATE LIMITED 7757 – :yellow_circle:
83 CAPSTOCKS & SECURITIES (INDIA) PRIVATE LIMITED 7329 +48 :red_circle:
84 KRCHOKSEY SHARES AND SECURITIES PRIVATE LIMITED 7175 +11 :red_circle:
85 MANDOT SECURITIES PRIVATE LIMITED 6817 +123 :red_circle:
86 SUNLIGHT BROKING LLP 6679 +28 :red_circle:
87 RAGHUNANDAN CAPITAL PRIVATE LIMITED 6368 +118 :red_circle:
88 SHARE INDIA SECURITIES LIMITED 6254 +243 :red_circle:
89 PATEL WEALTH ADVISORS PVT LTD 6005 – :yellow_circle:
90 MARKET-HUB STOCK BROKING PRIVATE LIMITED 5950 – :yellow_circle:
91 IFCI FINANCIAL SERVICES LIMITED 5669 -21 :red_circle:
92 ELITE WEALTH LIMITED 5290 – :yellow_circle:
93 VERTEX SECURITIES LTD. 4898 – :yellow_circle:
94 KALPATARU MULTIPLIER LTD. 4837 +89 :red_circle:
95 NCO SECURITIES & SHARE BROKING (P) LTD 4613 – :yellow_circle:
96 COCHIN STOCK BROKERS LTD. 4365 +42 :red_circle:
97 SKY COMMODITIES INDIA PVT LTD 4358 – :yellow_circle:
98 ATS SHARE BROKERS PRIVATE LIMITED 4090 +56 :red_circle:
99 ASHLAR SECURITIES PRIVATE LIMITED 3826 – :yellow_circle:
100 DB (INTERNATIONAL) STOCK BROKERS LTD. 3543 +99 :red_circle:
101 FINDOC INVESTMART PVT. LTD. 2385 -7 :red_circle:
102 LOHIA SECURITIES LTD. 1965 +18 :red_circle:
103 AXIS CAPITAL LIMITED 1763 +16 :red_circle:
104 CIL SECURITIES LTD. 1736 +23 :red_circle:
105 ALB STOCK BROKING PRIVATE LIMITED 1642 – :yellow_circle:
106 ABHIPRA CAPITAL LTD. 1616 – :yellow_circle:
107 RRS SHARES & STOCK BROKERS PVT. LTD 1585 +21 :red_circle:
108 SACHDEVA STOCKS PRIVATE LIMITED 1501 – :yellow_circle:
109 UNLOCK WEALTH SECURITIES LIMITED 1341 – :yellow_circle:
110 INTERACTIVE BROKERS (INDIA) PRIVATE LIMITED 1239 +3 :red_circle:
111 KNA SECURITIES PVT.LTD. 1095 – :yellow_circle:
5 Likes
563

How so many newly added brokers this month?

Is that they were not reported (by clients against them) anytime all these years?

564

In the next couple of months groww can slide down from top place. There’s a trending topic on groww mutual fund operations.

https://x.com/Qid_Memez/status/1804863605114024025

https://x.com/EquityInsightss/status/1804929912169709856

565

now the issue is in main stream media.

566

money was not debited.

567

The employees of Choice stock brokers are offering personal loans urgently and sending emails from their gmail accounts. How legal is this ?

568

And still MF folio was created and Investor was led to believe that they have an active investment ongoing?
The excuse provided by Groww is much more concerning then actual issue.

569

Yes they didn’t fetch the data from CAMS. Only refreshed when customer contacted them.

Same experience has happened with Kuvera, etc. they only refresh changes when you contact them. This just blew up a lot.

Groww said no money was deducted. Pretty obv no allotment took place then.

Fund folio can be an older one too. In many cases multiple funds have same folio (across schemes)

So it is possible groww just showed a folio from another PPFAS scheme that this person was invested in for this one thinking payment was successfull.

570

Wow, you are going all out defending Groww :slight_smile:

I am glad that this blew up and Groww had to refund the money to customer.
Frankly, it is not expected from India’s largest broker to “think that payment was successful” and show up investment on dashboard.

1 Like
571

The bug is pretty bad but that is just the state of the MF industry now. I am not defending Groww.

I have had a similar experience with Kuvera. They show an NAV date and NAV allocated when you place an order but don’t pay. It has to be refreshed after payment, which they do I think.

They also refresh the details only when you ask them to, in case of change in details etc.

It is just the state of our pathetic payments industry. It failed on election day too.

There are lot of safeguards in this industry. You get email from AMC. You get consolidated statements. To prevent such things. When the investment does not appear in these, then it did not happen

And on top of it they say money was not even debited. The person probably got 3 years of returns without even investing, just to make them delete the post. Which is very bad thing to do from Groww’s side.

The last company I want to defend is Groww. Their UI is terrible, I don’t even use them.

572

I think they also show the nav date and nav allocated, once they get any response from fund regarding the purchase intiate from their side?

or they allocate this own?

573

NAV is allocated by fund house only after receiving the funds. These sites show an assumption of NAV date based on payment methods

574

Let me correct if I am wrong.

  1. SIP is performed on date 10 each month

  2. Now it placed to fund house depend on holiday etc factor

  3. Take upto max 4-5 days to allocate the NAV

  4. you said they don’t have any confirmation and they display assumapted NAV on portfolio.

  5. Untill we not requsted to fetch the data

They show the wrong data year on year if someone not demand to sync

Correct?

575

1, 2, 3 - Correct

4 - They display expected NAV allotment date, not NAV. They can’t predict future NAV. If UPI, same day. If mandate, 2 more days, etc.

5 - I meant this for details update. Two of my folios were merged through CAMS, but Kuvera did not delete and merge 2 folios automatically. They state you have to contact Kuvera and ask them to refresh manually.

So this is essentially what happens with every MF app. They maintain their own copies of investment records and the refresh from the original source of info (CAMS/KFintech) when needed.

576

Then why did Groww “refund” the money? Something fishy for sure!

577

Groww is not even involved in MF payments/withdrawal. Money goes to clearing corporation. And then to AMC. Where will they steal funds from then?? SEBI solved this issue by preventing pooling of trading and MF funds.

They just paid the money because the issue blew up and it would cost them less to pay than from the bad PR.