Angel One overtakes Zerodha to become No. 2 broker
In short
Angel One became India’s second-largest broker by active clients in October. Its active NSE client base rose to 6.99 million, or 69.98 lakh, after a monthly gain of 2.43 lakh. Zerodha had 6.76 million active clients, while Groww stayed first with 13.75 million.
What the reporting says
Angel One became India’s second-largest broker by active clients in October, with an active NSE client base of 6.99 million, or 69.98 lakh, after adding 2.43 lakh clients in the month. That put it ahead of Zerodha’s 6.76 million, according to publisher summaries. Groww remained the largest broker with 13.75 million clients.
Why it matters
Angel One moved ahead of Zerodha in October active client counts, with 6.99 million active NSE clients versus Zerodha’s 6.76 million. The company also added 2.43 lakh clients in the month, according to the publisher summaries. Groww kept the top spot with 13.75 million clients. The update matters for broker market share and competition in India’s retail trading market.