Posted 4/15/2024, 6:34:06 AM
Groww's Investor Base Soars 77% to 9.5 Million, Overtaking Top Broker Zerodha as Small-Town India Embraces Discount Trading
- Groww's active investor base grew 77.5% to 9.5 million in FY24, commanding 23.4% market share
- India seeing rise of investors from small cities and towns signing up with discount brokers
- Groww and Angel One gained market share while top brokers like Zerodha lost share
- Groww's customer base now over 5 times that of ICICI Securities
- Groww starting to attract daily and F&O traders after earlier focus on long-term investors