Groww Leads Active Client Additions; Zerodha and Angel One See Modest Growth in February

India’s retail broking industry recorded moderate growth in February, with the total number of active investors on the National Stock Exchange of India increasing by 3.56 lakh accounts during the month. This marks the second consecutive month of growth, despite continued volatility in equity markets.

Among brokerages, Groww emerged as the clear leader in client additions, accounting for the majority of new investors during February. The platform added around 2.66 lakh active clients, contributing nearly 75 percent of the total additions among discount brokers. The company had also recorded strong growth in January, when it added about 3.5 lakh investors.

In comparison, rival brokerages Zerodha and Angel One reported modest growth in active clients, adding slightly over 10,000 users each during the month. While both firms remain among the largest brokers in the country, their client growth was relatively subdued compared with Groww’s rapid expansion.

The increase in active accounts indicates that retail investor participation continues to remain resilient, even amid global market volatility and geopolitical uncertainties. Active investors are defined by the exchange as those who have executed at least one trade in the past 12 months.

Groww’s continued dominance reflects the growing appeal of digital-first investment platforms, which are attracting younger retail investors through simple user interfaces and a wide range of investment options including equities, mutual funds, exchange-traded funds, and derivatives.

Industry experts believe that while the pace of client additions has moderated compared with the surge witnessed during the pandemic years, discount brokerages continue to dominate new retail investor inflows, reshaping India’s broking landscape.

Source: https://www.moneycontrol.com/news/business/markets/groww-leads-active-client-additions-zerodha-angel-one-see-modest-growth-in-february-13857536.html