ICICI Securities added 11,748 clients to reach 2.13 million, while Upstox lost 26,433 clients, taking its active client base to 1.86 million.
Wealth-tech platform Groww added 70,119 active clients in July, significantly outpacing the overall broking industry, which added around 8,000 net active clients during the month, according to NSE active client data.Groww’s active client base rose to 1.312 crore, taking its market share to 28.88 per cent from 28.72 per cent in June.Zerodha’s active client base declined by 38,725 to 67.6 million in July, while Angel One remained largely flat at 6.63 million after adding 286 net new clients. Their market shares stood at 14.88 per cent and 14.60 per cent, respectively.Among other large brokers, ICICI Securities added 11,748 clients to reach 2.13 million, while Upstox lost 26,433 clients, taking its active client base to 1.86 million.Dhan added 14,166 clients to cross 1.08 million, while Kotak Securities added 2,546 clients to reach 1.38 million.Several traditional brokers saw declines in active clients during July. SBI Securities lost 47,551 clients, followed by HDFC Securities, which shed 9,169 clients. Motilal Oswal also reported a marginal decline of 1,748 clients.The July data showed an uneven pace of growth in India’s broking industry, with a relatively small overall increase in active clients while select digital platforms recorded stronger additions.More Like ThisPublished on August 12, 2026
