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groww: Zerodha, Groww together control almost 40% market share of stock broking industry

The latest data from NSE shows that Groww, backed by the likes of Sequoia Capital and Tiger Global, is now the largest player in the industry if one takes into account the number of active clients on the stock exchange. At the end of September, Zerodha's market share remained the same month-on-month at 19.4% while those of Groww rose to 19.9%.

India , Motilal-oswal , Sequoia-capital , Two-bengaluru-based , Tiger-global , Groww , Zerodha , Stock-broking-industry , Stock-brokers , Stock-market-news , Sequoia-capital-and-tiger-global , Angel-one

No signs of momentum slowing down in stock broking industry


No signs of momentum slowing down in stock broking industry
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Last Updated: May 03, 2021, 05:04 PM IST
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Synopsis
"There are 3 very distinct trends that are visible; one is that a larger proportion of our customers are younger, below 30 for instance," says Vijay Chandok, MD & CEO, ICICI Securities.
ET Spotlight
NSE
Vijay Chandok, MD & CEO,
ICICI Securities, says that the momentum in the broking industry doesn't seem to be slowing down. In this interview with ET Now, he shares two strategies that the stock broking firm adopted to increase new customer additions and also talks about the increasing participation of millennials in equity markets. Edited excerpts.

Madhya-pradesh , India , Vijay-chandok , Icici-securities-revenue , Stock-broking-industry , Icici-securities-md , Icici-securities , Stock-market-trends , மத்யா-பிரதேஷ் , இந்தியா , விஜய்-சந்தோக்

Have the potential to become largest broker in the world, say Upstox's co-founders

IPL and financial services are very similar, says Upstox's co-founder Kavitha Subramanian.

China , Mumbai , Maharashtra , India , Shrini-viswanath , Kavitha-subramanian , Shrini-vishwanath , Jeff-bezos , Ravi-kumar , Ratan-tata , Indian-premier-league , Tata-group