Key Highlights:
- India’s broking industry added approximately 6.15 lakh net active clients in October 2026, taking the NSE active client base to 4.67 crore.
- Groww added 3.04 lakh active clients during the month, accounting for nearly 49.5% of the industry’s total net additions.
- Groww’s active client base increased from 1.34 crore in September to 1.38 crore in October, while its market share rose from 29.16% to 29.43%.
- Groww’s monthly additions were approximately 1.5 times the combined net additions of Angel One, Zerodha, ICICI Securities and Upstox.
- Angel One added 2.43 lakh active clients, while Zerodha and Upstox recorded declines in their active client bases during the month.
- The growth further reinforces Groww’s position as India’s largest stockbroking platform by active clients.
New Delhi, November 2026: India’s stockbroking industry added approximately 6.15 lakh net active clients during October 2026, taking the total number of active clients registered on the National Stock Exchange (NSE) to 4.67 crore.
According to the latest NSE active client data, Groww emerged as the largest contributor to industry growth during the month, adding approximately 3.04 lakh active clients, representing nearly 49.5% of all net additions across the industry.
Groww Strengthens Market Leadership
Groww’s active client base increased from 1.34 crore in September 2026 to 1.38 crore in October 2026.
The platform’s market share also improved from 29.16% to 29.43%, further consolidating its lead among India’s brokerage firms.
The latest growth reinforces Groww’s position as the country’s largest broking platform by active clients.
Additions Outpace Major Competitors Combined
A notable trend during October was the significant gap between Groww and its closest competitors in terms of client additions.
Groww’s net addition of 3.04 lakh active clients was approximately 1.5 times higher than the combined additions of the next four largest brokers by active client base:
- Angel One
- Zerodha
- ICICI Securities
- Upstox
Collectively, these four brokers added around 2.02 lakh active clients during the month.
Performance of Other Leading Brokers
Among the major brokerage firms:
Angel One
- Added approximately 2.43 lakh active clients
- Total active client base reached 69.99 lakh
Zerodha
- Active client base declined by approximately 33,000
- Total active client base stood at 67.59 lakh
ICICI Securities
- Added approximately 3,000 active clients
- Total active client base reached 21.64 lakh
Upstox
- Active client base declined by approximately 11,000
- Total active client base stood at 18.43 lakh
Strong Growth Among Emerging Brokers
Several emerging and fast-growing brokerage platforms also recorded positive additions during October.
Sahi
- Added 34,372 active clients
Dhan
- Added approximately 26,000 active clients
Kotak Securities
- Added approximately 13,000 active clients
Motilal Oswal
- Added approximately 7,000 active clients
HDFC Securities
- Added approximately 6,000 active clients
Nearly Half of Industry Growth Driven by Groww
The October data highlights Groww’s continued growth momentum in India’s retail investing ecosystem.
By contributing nearly half of all net new active clients added by the industry during the month, the company reinforced its leadership position in one of the world’s fastest-growing retail investing markets.
Its increasing market share and client additions exceeding the combined net growth of several key competitors underline the platform’s continued traction among investors.
Refer to report 1c – https://www.nseindia.com/static/invest/arbitration-status