Analyzing how top Indian stock brokers performed in 2023 and their client market share

India's Top Listed Brokers and a Look at their Client Shares

In India's dynamic stock market landscape, two prominent categories of stock brokers have emerged - full-service brokers and discount brokers. Full-service brokers, who offer a comprehensive suite of services, are known for their physical presence in major cities, where they provide personalized assistance to investors with varying degrees of expertise. Clients with substantial portfolios even have the option to hire professional service managers for portfolio management. On the flip side, discount brokers focus on executing buy and sell orders, providing minimal additional services, and charging significantly lower commissions due to their online operation model, which helps keep operational expenses in check.

Let's delve into the top 5 major listed stock brokers in India in 2023, along with their active client shares:

1. Angel One Ltd: A full-service broker with a current market price (CMP) of Rs. 2,539.05, boasting a market capitalization of Rs. 21,319.54 crore. With a significant client share of 48,56,236, they are a major player in the listed market.
2. ICICI Securities Ltd: Another full-service broker with a CMP of Rs. 635.90 and a market capitalization of Rs. 20,476.81 crore. They have 19,12,937 active clients, making them a noteworthy contender in the brokerage industry.
3. Motilal Oswal Financial Services Ltd: Priced at Rs. 969.85 and a market cap of Rs. 14,369.81 crore, this full-service broker has attracted 7,98,085 active clients.
4. IIFL Securities Ltd: With a CMP of Rs. 99.50 and a market cap of Rs. 3,044.81 crore, they serve 4,23,474 active clients.
5. Geojit Financial Services Ltd: Offering a CMP of Rs. 58.70 and a market cap of Rs. 1,404.06 crore, Geojit caters to 2,33,120 active clients.

Collectively, these five major listed brokerage firms command a client base of 82,23,852, underscoring their significant presence in India's stock market.

Collectively, these five major listed brokerage firms command a client base of 82,23,852, underscoring their significant presence in India's stock market.

Past 1 year Stock returns:

Notably, according to a recent report by Motilal Oswal Financial Services, Demat account additions witnessed a surge to 30.1 lakh in September 2023, compared to an average of 20.1 lakh monthly additions in the fiscal year 2023. Moreover, the number of active users on the National Stock Exchange (NSE) has risen for the third consecutive month, reaching 3.34 crore in September 2023, up from 3.27 crore in August 2023. Of particular interest, Groww has overtaken Zerodha to claim the top position among brokers with the most NSE active clients, marking an intriguing development in the Indian brokerage industry. These recent trends and statistics add depth to the ever-evolving world of stock brokering in India.

Disclaimer: The article is for educational purposes only and not investment advice.