5paisa - Aggressively Growing Discount Broker

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Hi All,

Compiled the growth of active accounts across some of the Indian brokers from July 2017 till March 2019 based on the data available.

There is a resounding trend of Discount brokers amassing market share.

From July 2017 to Mar 2019 (20 months), while the overall number of active clients across all brokers grew by 22.9%

  1. ICICI and HDFC demonstrated a growth of 24.38% and 34.11%
  2. Discount brokers like Zerodha, RKSV and 5 Paisa demonstrated a client growth of 237%, 301% and 1043%.
  3. While 5Paisa’s growth might be on the back of a smaller base in July 2017, this shows a very clear trend of market share gain of Discount brokerage firms

Source: https://docs.google.com/spreadsheets/d/1OEvkisz4irKwjxXQGiAuKZLMTJSQtJwScr7j_gtdZ7g/edit#gid=1627640984

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