15 Biggest Stock brokers in India With Highest Active Clients!

We’ll look at India’s top 15 stock brokers based on the total number of unique active clients in this post.

More than 300 stockbrokers are registered with SEBI and other stock exchanges in India. According to the most recent available data, as of March 31, 2022, the National Stock Exchange (NSE) has 305 registered stock brokers in India (including defaulters and exiles). The total number of active clients is one of the easiest criteria for looking for the best stock broker to open a Demat and trading account with.

Although a strong buyer base does not guarantee a better carrier, having a major company minimises the chances of the brokerage company quitting or leaving the carrier too soon.

Stock brokers nowadays will say that they are simple because they are registered with SEBI. However, just because they’re registered with SEBI doesn’t mean they’ll be dependable in the long run. Frequently, many such small agents are both thrown out of the change or forced to leave the business and file for bankruptcy. And this causes a great deal of frustration for their modern clients.

As a result, creating a trading account with the industry’s leading stockbroker is safer for clients who want to prevent such problems.

15 Largest Stockbroker in India with the Most Active Clients

Some websites rank Indian stock brokers based on brand value, trading platform, customer service, amenities supplied, complaint rate, etc. It is affixed. This article, however, will not go into detail about it.

These are the factors.

The total number of unique active clients for that broker is the only factor we observe here. This article lists the stockbroker with the most clients first, followed by the stock broker with the most active clients.
This method makes use of data from the NSE India website. The monthly totals for each client of the numerous stock brokers listed on the National Stock Exchange website are available.

Based on the total number of unique active clients, here are India’s top 15 stockbrokers:

S No Name of Stock Broker No of Active Clients Market Share (%)
1 ZERODHA BROKING LIMITED 10160664 17.42%
2 (UPSTOX) RKSV SECURITIES INDIA PRIVATE LIMITED 6780179 14.47%
3 (GROWW) NEXTBILLION TECHNOLOGY PRIVATE LIMITED 4754815 10.68%
4 ANGEL ONE LIMITED 4754815 10.15%
5 ICICI SECURITIES LIMITED 3940549 8.41%
6 SBICAP SECURITIES LIMITED 2280629 4.87%
7 KOTAK SECURITIES LTD. 1632801 3.49%
8 HDFC SECURITIES LTD. 1483643 3.17%
9 IIFL SECURITIES LIMITED 1472595 3.14%
10 MOTILAL OSWAL FINANCIAL SERVICES LIMITED 1165906 2.49%
11 SHAREKHAN LTD 993525 2.12%
12 5PAISA CAPITAL LIMITED 825999 1.76%
13 AXIS SECURITIES LIMITED 549065 1.17%
14 PAYTM MONEY LTD. 525688 1.12%
15 FNO INDIA SECURITIES PRIVATE LIMITED 341575 0.73%

As of March 31, 2022, the total number of active clients of all stock brokers was 3.60.35.020, according to the NSE India website (3.60 Cr).
From the table above, it is clear that Zerodha is the largest stock broker on the National Stock Exchange of India and its mobile trading app is Zrodha Kite, with unique clients registered.

Zerodha has roughly 17.42 percent of the total market share of active clients registered on the National Stock Exchange as of March 31, 2022. There are around 62.77 million active clients, compared to 3.5 million active clients across all NSE stock brokers.

What makes this list even more interesting is that Zerodha, which acquired unicorn startup status in 2020, surpasses all old and mature traditional brokers, even though it was just founded in 2010. .. As of 2022, Zerodha reports that both profits and revenues in 202122 increased by about 60% year-on-year to about Cr 1,800 and Rs 4,300 Cr. Zerodha is currently worth more than $ 2 billion.

RKSV Securities (Upstox), Angel Broking, 5Paisa, and Groww (NextBillion Technologies) have also climbed into India’s top ten stockbrokers in terms of active clients.

Upstox comes in second, according to the table above. Upstox is in the second position, with approximately 52.15 unique clients and a 14.47 per cent market share.

Grow (38.47 lakh client), Angel Broking (36.57 lakh client), ICICI Securities (30.31 lakh client), 5Paisa (17.54 lakh client), Kotak Securities (12.56 lakh client), HDFC Securities (11.41 Rak client), IIFL Securities (11.32 Rak client), Motilal Oswal Group (8.96 Rak client), Sharekhan (7.64 Rak client) are the other most prominent stockbrokers on this list. These 15 largest stockbrokers collectively account for more than 85.19 per cent of all individual clients registered with the NSE.

In addition, compared to other stockbrokers, Upstox (RKSV Securities) and Groww (Next Billion Technologies) are fast rising. On March 22, Upstox’s market share increased from 11.33 per cent on June 21 to 14.47 per cent. Groww has eclipsed ICICI Securities, 5 Paisa, HDFC Securities, Kotak Securities, and Sharekhan in the last six months in terms of the total number of active NSE clients, jumping from 7th to 3rd place.

Upstox and Groww, by coincidence, are both well-funded businesses with a higher reputation than Zerodha. After the most recent funding round, Upstox was given Unicorn status and is now valued at $ 3 billion.

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