India's stock broking platforms added nearly 6.15 lakh active clients in October 2026, taking the total active client base to 4.67 crore, according to data released by the National Stock Exchange (NSE). The industry recorded a month-on-month growth of 1.33% from 4.61 crore active clients in September.
Key Highlights
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Stock broking platforms added nearly 6.15 lakh active clients in October, taking the total base to 4.67 crore.
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Groww led with 1.37 crore clients, while Angel One moved ahead of Zerodha to secure second place.
Groww retained its position as India's largest stock broker, while Angel One overtook Zerodha to become the second-largest platform. Among the top 20 brokers, Sahi recorded the fastest monthly growth in its active client base.
Stock Broking Platforms Add 6.15 Lakh Active Clients in October
The total active client base across NSE-registered stock brokers increased 1.33% to 4.67 crore in October from 4.61 crore in September. The industry added approximately 6.15 lakh active clients during the month.
Groww accounted for the largest number of net additions, followed by Angel One. However, the rankings also saw a change, with Angel One moving into second place as Zerodha's active client base declined.
Top 20 Stock Brokers in India by Active Clients – October 2026
|
Rank |
Stock Broker |
Active Clients |
Change vs September |
Market Share |
|---|---|---|---|---|
|
1 |
Groww |
1,37,52,402 |
+3,04,208 |
29.43% |
|
2 |
Angel One |
69,98,516 |
+2,42,805 |
14.97% |
|
3 |
Zerodha |
67,59,106 |
-32,435 |
14.46% |
|
4 |
ICICI Securities |
21,64,341 |
+3,722 |
4.63% |
|
5 |
Upstox |
18,42,937 |
-11,348 |
3.94% |
|
6 |
Kotak Securities |
14,04,735 |
+12,895 |
3.01% |
|
7 |
HDFC Securities |
13,60,386 |
+6,543 |
2.91% |
|
8 |
Dhan |
11,46,640 |
+25,739 |
2.45% |
|
9 |
SBI Securities |
10,04,107 |
-17,188 |
2.15% |
|
10 |
Motilal Oswal |
9,16,270 |
+7,283 |
1.96% |
|
11 |
Paytm Money |
7,30,292 |
-32,501 |
1.56% |
|
12 |
INDmoney |
7,20,574 |
+1,849 |
1.54% |
|
13 |
Sharekhan |
5,29,021 |
+1,518 |
1.13% |
|
14 |
Axis Securities |
4,21,853 |
-6,291 |
0.90% |
|
15 |
IIFL Securities |
3,46,052 |
+5,095 |
0.74% |
|
16 |
5paisa |
3,21,263 |
+89 |
0.69% |
|
17 |
Sahi |
3,15,400 |
+34,372 |
0.67% |
|
18 |
Choice |
2,43,203 |
+1,097 |
0.52% |
|
19 |
Share.Market |
2,13,639 |
+7,041 |
0.46% |
|
20 |
Geojit |
2,00,967 |
-1,886 |
0.43% |
Also Read: Stock Broking Platforms Adds 1.6L Active Clients in Sept: Groww Leads
Groww Leads Stock Broking Platforms With 1.37 Crore Clients
Groww retained its dominance, with 1.37 crore active clients in October, registering a growth of 3.04 lakh clients this month. It has captured the largest market share at 29.43% among all the stock brokers in India.
Angel One, with 69.98 lakh active clients, jumped up to the second spot after gaining nearly 2.43 lakh active clients in October. It accounted for 14.97% of the market share.
Zerodha, on the other hand, was in third place, as it lost 32,435 of its active clients to 67.59 lakh from 67.91 lakh in September. It accounted for 14.46% of the market.
ICICI Securities held the fourth place with 21.64 lakh active clients with whom they added 3,722 during the month. In terms of no of active clients, Upstox lost 11,348 while still retaining its fifth position with 18.43 lakh customers. They accounted for 4.63% and 3.94% of the market share respectively.
Dhan and Kotak Securities Add Active Clients
Other top brokers include Kotak Securities, which grew its active base by 12,895 customers to touch 14.05 lakh in October. In addition, HDFC Securities also expanded its client base to 13.60 lakh from 13.54 lakh in September.
Dhan has added 25,739 active clients in the month and now has a total of 11.47 lakh. It had a market share of 2.45%.
Motilal Oswal has increased the number of clients to 7,283 to make their active clients count to 9.16 lakh, which represents 1.96% market share. In contrast, SBI Securities saw the number of its active clients drop by to 10.04 lakh from 11.28 lakh at the same time. It had 2.15% market share.
Sahi Records Fastest Growth Among Top 20 Stock Brokers
Sahi got the fastest growth out of the Top 20 brokers in October. It added 34,372 of new active clients, making its client base to 3.15 lakh. It accounted for 0.67% market share.
Growth on the platform was also excellent in September when there was a 11% increase in active clients.
Share is PhonePe's stock broking platform.Market has added 7,041 active clients making it 2.14 lakh in October.
Similarly, IIFL Securities also saw an increase, gaining 5,095 clients in the month to end up with 3.46 lakh clients on its books.
Paytm Money and Upstox See Active Client Declines
Not all stock broking platforms recorded client additions in October. Paytm Money reported the steepest decline among the top 20 brokers, losing 32,501 active clients. Its client base fell 4.26% month-on-month to 7.30 lakh.
Zerodha also recorded a decline of 32,435 active clients, while SBI Securities lost 17,188 clients. Upstox's active client base decreased by 11,348 during the month.
The October data highlights continued competition among India's stock broking platforms. While Groww maintained its lead and Angel One moved ahead of Zerodha, smaller platforms such as Sahi continued to expand their client bases at a faster monthly rate.
