Do you want to Know about the List of Top 10 Stock brokers in India by Number of active Clients.
The average daily traded volumes (ADTO) for the equity markets during FY2020 stood at Rs 14.44 lakh crores. Within derivatives, future volumes stood at Rs 13.17 lakh crores.
Amongst cash market participants, retail constitutes 52% of total cash volume, institution constitutes 25% of total cash volume and prop constitutes 23%. The proportion of DII in the cash market was 10.1%.
List of Top 10 Stock Brokers Company in India
So here is the List of Top 10 Stock Brokers Company in India by active number of Client and Market share. The increase in demat accounts during the year stood at 13% with total number of accounts as on March, 2020 at 4.08 crores.
10. Axis Direct
Axis Direct is a brand under which Axis Securities Limited offers its retail broking and investment services. Be a part of investment action by investing in IPOs online through AxisDirect. Minus the hassles & paperwork.
Make faster, smarter and better trading decisions with AxisDirect. Harness the power of the equity stock markets by empowering yourself with our quality research, advanced tools & powerful platforms.
- Number of Active Clients: 4.2 Lakh
- Market share: 1.1 %
Whether you’re an equity trader new to derivatives trading or a seasoned veteran, we can help you pursue trading strategies with powerful trading platforms, right research and the education you need.
Invest in Exchange Traded Funds and get the opportunity to intelligently create diversified portfolios even with small amounts. Among the list of top 10 brokerage firms in India.
9. Motilal Oswal Stock Broking
Research and advisory form the foundation of the company’s broking services. Brokerage serves participants across FIIs, domestic institutions, HNIs and retail. This business comprises of two distinct units –
- Retail Broking & Distribution and
- Institutional Equities.
Retail Segment: Services offered include equities, derivatives, commodities, currency, depository services, distribution of investments products like portfolio management services, mutual funds, primary equity offerings and other investment products.
- Number of Active Clients: 5 Lakh
- Market share: 1.3 %
Motilal Oswal Asset Management Company Ltd. (MOAMC): PMS (Registration No.: INP000000670); PMS and Mutual Funds are offered through MOAMC which is group company of MOFSL.
Motilal Oswal Wealth Management Ltd. (MOWML): PMS (Registration No.: INP000004409) is offered through MOWML, which is a group company of MOFSL.
8. Sharekhan Ltd
With 20 Years into the market, 2.0 million customers, 3200 Shareshops and 541 cities, we have always valued our entrepreneurs & we believe that sub brokers have evolved into a successful entrepreneur.
Investment in equities has many advantages. One of the best avenues for long term wealth creation whereas derivate helps you leverage on anticipated market movements & acts as a hedging tool to minimize your risk.
- Number of Active Clients: 6.3 Lakh
- Market share: 1.6 %
An imminent asset class to diversify your Investments. The company offers wide spectrum of investment schemes from all top mutual fund houses. Secure recurring investments by investing in Systematic Investment Plan in mutual fund of your choice.
Gone are the days when currency was an exclusive trading instrument for a few financial institutions, corporates and hedge funds. With greater global interdependence and increase in international trade and financial awareness, the currency market offers a new avenue for trading. As a trader, currency markets are a lucrative investment option wherein you can spot opportunities and take advantage of the volatility arising in global markets.
7. Kotak Securities
Kotak Securities was founded in 1994 as a subsidiary of Kotak Mahindra Bank and is proud to be the nation’s best broker* today. The company has 17 Lakh customer accounts and Over 8 Lakh trades per day.
The company national footprint is 1,539 branches, franchisees and satellite offices and cater to customers from 393 cities across India.
The company is corporate members with the Bombay Stock Exchange(BSE) and the National Stock Exchange(NSE). The brand also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL).
- Number of Active Clients: 6.9 Lakh
- Market share: 1.7 %
Trading the markets has never been so easy. Kotak trading platforms make sure you catch the market action live across every device of your choice. They are built for speed, performance and a seamless trading experience.
Kotak Stock Trader is a widely used mobile trading app for trading in the Indian stock market. Tap and trade wherever you are with Kotak Stock Trader. To win consistently in the markets, you need to be well-prepared. Here’s a sophisticated trading terminal that helps savvy traders get an edge in the stock market.
6. 5paisa Capital
5Paisa capital is one of the leading stock broking company in India which is among the list of top 10 stock broker in India.
- Number of Active Clients: 7.9 Lakh
- Market share: 1.9 %
The 5paisa Capital team is full of young talented engineers, professionals, tech geeks, market wizards and more, who work hard to bring you a better experience each day!. The brand make trade possible by bringing you technology driven solutions that enable you to invest at a lower cost.
5. HDFC Securities
HDFC Securities is one of the leading stock broking companies in India, and a subsidiary of HDFC Bank- a renowned private sector bank. As a stock broking company, the company has been serving a diverse customer base of retail and institutional investors, since 2000.
The Brand offer a suite of products and services across various asset classes, such as equity, gold, debt and real estate. Be it stocks, derivatives, mutual funds, fixed deposits, NCDs, insurance, bonds, currency derivatives, we have a product that suits each of your investment needs.
- Number of Active Clients: 8.9 Lakh
- Market share: 2.2 %
You have the option to trade via multiple platforms, namely online, mobile, telephone or through branches. These platforms make your trading experience extremely convenient and seamless
You can even place an order for an IPO / NCD online via your trading account. There is no need to issue cheques or delivery instructions. 4-in-1 Advantage account allows you to seamlessly move funds and securities within savings, demat and trading accounts.
The company is a subsidiary of HDFC Bank – a prominent private sector bank in India. With a decade of experience in trading and a rating of A1+1, we have a proven pedigree in the financial services industry.
4. Angel Broking
Angel Broking is one of the largest retail broking houses in India in terms of active clients on NSE as of June 30, 2020 (Source: CRISIL Report).
The company a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of our Subsidiaries, AFPL) and financial products distribution to our clients under the brand “Angel Broking”.
The company broking and allied services are offered through
(i) Online and digital platforms, and
(ii) Network of over 11,000 Authorised Persons (the “Authorised Persons”), as of June 30, 2020.
The customer outreach, spans across approximately 96.87% or 18,649 pin codes in India as of June 30, 2020. The company manage ₹ 132,540 million in client assets and over 2.15 million operational broking accounts as of June 30, 2020.
- Number of Active Clients: 12.2 Lakh
- Market share: 3 %
Angel Broking Limited (formerly known as Angel Broking Private Limited) is a member of the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), Metropolitan Stock Exchange of India (MSEI), NCDEX & MCX. Angel Broking Limited (formerly known as Angel Broking Private Limited) is also registered as a Depository Participant with CDSL.
3. ICICI Direct
ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services.
I-Sec operates www.icicidirect.com, a virtual financial supermarket, meeting the three need sets of its clients – investments, protection, and borrowing. Through its four lines of businesses — broking, distribution of financial products, wealth management, and investment banking– I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government.
- Number of Active Clients: 12.9 Lakh
- Market share: 3.2 %
I-Sec is registered with the Securities and Exchange Board of India (SEBI) as a Stock Broker, Merchant Banker, Portfolio Manager, Investment Adviser and Research Analyst.
It is also registered as Corporate Agent with the Insurance Regulatory and Development Authority of India (IRDAI) and Point of Presence (POP) with the Pension Fund Regulatory and Development Authority of India (PFRDA) for distribution of National Pension Scheme (NPS).
2. Upstox
- Number of Active Clients: 16.3 Lakh
- Market share: 4 %
Upstox is one of India’s fastest-growing brokers. A fast, reliable and easy-to-use trading platform with paperless account opening. The brand name Upstox and logo are the registered trademarks of RKSV Securities India Pvt. Ltd. The cost-effective brokerage plans make Upstox a trustworthy and reliable online stockbroker.
1. Zerodha
Zerodha stock broking is top in the list of stock broking companies in India based on the market share and the number of active clients.
Nithin bootstrapped and founded Zerodha in 2010 to overcome the hurdles he faced during his decade long stint as a trader. Today, Zerodha has changed the landscape of the Indian broking industry.
- Number of Active Clients: 30 Lakh
- Market share: 8 %
He was named one of the “Top 10 Businessmen to Watch Out for in 2016 in India” by The Economic Times for pioneering and scaling discount broking in India. Top brokerage firms in India by number of active users.
Over 4+ million clients place millions of orders every day through our powerful ecosystem of investment platforms, contributing over 15% of all Indian retail trading volumes.
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