Groww adds 2.23 lakh active clients in August, market share tops 29%
Among the larger brokers, SBI Securities is the only one to report a decline, losing around 26,200 active clients and taking its base to 10.4 lakh
In August, the Indian broking industry added approximately 5.12 lakh net active clients, with Groww leading the way, accounting for around 44 per cent of the net additions. The digital brokerage firm's active client base grew from 1.3124 crore in July to 1.3347 crore in August, pushing its market share from 28.88 per cent to 29.04 per cent.
SBI Securities was the only larger broker to report a decline, losing about 26,200 active clients. Angel One added 85,000 clients, taking its base to 67.2 lakh, and Zerodha added 35,000 clients, bringing its client base to 68 lakh. ICICI Securities, Dhan, HDFC Securities, Kotak Securities, and Motilal Oswal also added clients, with their combined efforts contributing to the industry's overall growth.
Groww's market share surpassed the 29 per cent mark, highlighting its dominance among leading digital brokers.
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