Groww leads India's top brokerages in July with over 70,000 new active accounts

Mumbai: Groww continued to strengthen its lead among India's top brokerages in July, adding more than 70,000 active accounts during the month and taking its net additions for 2026 to nearly 9.97 lakh accounts, according to NSE data. The brokerage is the biggest gainer in active client base this year even as peers grappled with a slowdown in user additions. An active client is defined as one who transacts at least once in a year.

The industry shed 8,000 net active clients in July from the previous month to a total of 4.55 crore.

Zerodha, the country's second-largest broker, continued to lose active accounts, with its user base shrinking by about 38,700 in July. The brokerage has lost nearly 89,700 active accounts so far in 2026. Angel One, the third-largest player, added 286 active accounts during the month, although its active user base is down by around 1.24 lakh accounts for the year.

Read Also: Apollo Hospitals Q1 Results: Net profit jumps 38% YoY to Rs 610 crore; revenue rises 21%

Upstox Securities and HDFC Securities also saw declines in July. Upstox lost about 26,400 active accounts during the month, taking its cumulative decline in 2026 to around 2.17 lakh accounts.

HDFC Securities shed 9,169 active accounts in July and has lost roughly 1.14 lakh active users so far this year.