Angel One overtakes Zerodha as India's No. 2 broker with 69.98 lakh active clients
NSE data for October shows Angel One adding 2.43 lakh active clients while Zerodha lost 32,435, flipping the order behind Groww.
- Angel One: 69.98 lakh active clients
- Zerodha: 67.59 lakh (-32,435)
- Groww: about 1.37 crore
The new ranking
According to NSE data for October, Angel One ended the month with about 69.98 lakh active clients, up from 67.56 lakh in September. Zerodha slipped by 32,435 to about 67.59 lakh, reversing its narrow lead of roughly 36,000 clients and dropping to third.
Groww stays on top with about 1.37 crore active clients after adding 3.04 lakh in the month.
Market share
Angel One's share of active clients was reported at 14.97% against Zerodha's 14.46%. Angel One's total registered base is about 4.06 crore, but that is a different measure from NSE active clients, which is what the ranking uses.
Read it with care
One month does not make a trend. Angel One was losing clients earlier in 2026, and Zerodha led in September, so analysts caution that the October flip may not last.
