Zerodha, 4 other discount brokers widen lead in active clients vs traditional brokers in April
Top five discount brokers expanded their lead over traditional ones in active clients on NSE, reaching 63.9% share in the previous month, up from 60.1% in April 2023. NSE's active clients rose by 2.6% sequentially to 4.18 crore in April, as per Motilal Oswal.
Top five widened their year-on-year lead vs traditional discount brokers in terms of on the , reporting a 63.9% share in the month gone by as against 60.1% in April 2023.NSE's active clients increased sequentially by 2.6% to 4.18 crore in April, a press note by Motial Oswal said.
As far as the performance of key discount brokers was concerned, reported a 1.5% MoM increase in its to 74 lakh with a 20 bps fall in to 17.7%. Meanwhile, reported a 4.1% MoM increase in its client count to 99 lakh with a 30 bps rise in market share to 23.7%.
on the other hand, reported a 3.1% MoM increase in its client count to 63 lakh, with a 10 bps rise in market share to 15.1%. reported a 1.5% MoM increase in its client count to 26 lakh with a 10 bps fall in market share to 6.1%.
As for the performance of key traditional brokers, ICICI Securities reported a 0.9% MoM increase in its client count to 19 lakh with a 10 bps fall in market share to 4.5%. IIFL Securities reported a 1.1% MoM increase in its client count to 4 lakh, with a market share to 1.1%.
increased by 31 lakh in April to 15.40 crore accounts with MoM growth remaining flat and in line with the average monthly additions of 31 lakh in FY2024, according to a press note released by Financial Services.
In April, Central Depository Services (CDSL) continued to gain market share in terms of the total number of demat accounts and also an increase in the market share on a MoM basis.
Meanwhile, lost 400 bps and 470 bps in market share in total and incremental demat accounts on a YoY basis.
Total average daily turnover (ADTO) of F&O declined 3% MoM and was up by 84% YoY to Rs 446 lakh crore, with F&O declining 3% MoM and cash ADTO increasing 6% MoM.
Total ADTO from BSE increased 6% MoM led by growth in F&O volumes whereas the total ADTO for NSE declined 5.1% MoM. On a MoM basis, market share of BSE in the total cash T/O segment declined to 6.7% in April 2024 versus March where it stood at 8.5%.
BSE’s market share in the total option’s notional T/O segment and options premium T/O improved to 19.1% from 17.5% in March 2024 and to 9.8% from 7.2% in March 2024, respectively.
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Source: Stocks-Markets-Economic Times
