According to latest data collated by Motilal Oswal, the market share of Groww stood at 25.1% and rose 41 bps month-on-month (MoM). At the same time, Zerodha’s market share went down by 25 bps to 17.1% in July.
Angel One also continued to attract investors as the market share of the third largest player in the industry rose 9 bps to 15.3%.
In terms of the number of NSE active clients, Groww recorded a 4.9% MoM rise in its client count to 11.5 million, while Zerodha posted a 1.7% MoM increase in its client count to 7.8 million.
Angel One reported a 3.8% MoM growth in its client count to 7 million and Upstox clocked a 2.7% MoM increase in its client count to 2.7 million.Among full-scale brokers, ICICI Securities reported client count at 1.9 million, with a 10 bps dip in its market share to 4.2%.During the month, the capital markets saw the opening of 4.5 million Demat accounts, taking the total count to 167 million.”The number of active clients on NSE increased 3.2% MoM to 45.7 million in July 2024. Currently, the top five discount brokers account for 64.6% of total NSE active clients vs. 58.1% in July 2022,” Motilal Oswal said.
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