Angel One edges past Zerodha in NSE active investors, claims second spot; Groww leads
The Economic Times · Kumar Gaurav ·
Angel One has overtaken Zerodha to become India's second-largest stockbroker by active NSE investors, adding 2.43 lakh investors in October. Groww retained the top position with 1.37 crore active investors. Angel One also reported its highest monthly client additions in nine months, alongside an improvement in trading activity and market share.
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The development marks the first reshuffle in the rankings among the country's three largest discount brokers in three years, with Angel One moving ahead of Zerodha after a relatively narrow contest for the second spot over the past few months.
Angel One had 69.98 lakh active investors at the end of October, adding 2.43 lakh during the month. Zerodha, which previously held the second position, had 67.6 lakh active investors. Groww remained India's largest stockbroker by active investors, with 1.37 crore investors, nearly twice the number of either Angel One or Zerodha.
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