Groww Adds 101,000 New Clients, 29.16% NSE Market Share

about 18 hours ago

Published: October 8, 2026

Groww Adds 101,000 New Clients, 29.16% NSE Market Share

Groww lifted its NSE active client base to 13.45 million by adding 101,000 new clients in September, pushing its market share to 29.16%. The uptick, which accounts for nearly half of the 673,000 net additions across the NSE in Q3, signals stronger fee‑income prospects for the broker.

Groww added 101,000 new active clients in September, bumping its total to 13.45 million and raising its NSE market share to 29.16%, according to NSE data.

The 48% of the 673,000 net quarterly lift came from Groww alone, while Angel One added 37,000 and Dhan 13,624, leaving Zerodha and Upstox in decline.

Overall, NSE’s active client base climbed 673,000 in July‑September, from 45.45 million to 46.12 million, a 1.48% YoY rise that outpaces the 1.2% growth in the broader equity trading volume.

Higher client numbers usually translate to more orders and higher fee revenue; Groww’s 29.16% share could boost its brokerage margin beyond the sector median of 12%.

Analysts expect the trend to persist as retail investors seek low‑cost platforms; Groww’s upcoming earnings on November 15 will likely confirm whether the client gains convert into revenue growth.