Groww added roughly 353,000 lively demat accounts in January 2026, exceeding the industry’s internet addition of 302,000 accounts throughout the month, in keeping with NSE knowledge. The low cost dealer’s market share rose to 27.66 per cent from 27.06 per cent in December, gaining 60 foundation factors.
Complete lively demat accounts on NSE elevated to 45.11 million in January from 44.81 million in December, reflecting subdued retail participation amid unstable market circumstances. Groww’s consumer base grew from 12.12 million to 12.48 million throughout the interval.
Different main brokerages confirmed stagnant or declining traits. Zerodha’s lively clients remained flat at 6.86 million, whereas its market share dipped to fifteen.20 per cent. Angel One’s consumer depend fell marginally to six.74 million from 6.75 million, with market share declining to 14.95 per cent.
ICICI Securities climbed to fourth place after including 19,000 clients, reaching 2.05 million accounts and overtaking Upstox. Upstox misplaced over 40,000 clients in January, dropping to 2.04 million. HDFC Securities and Motilal Oswal additionally reported declines.
Since April 2025, Groww has expanded its market share by 140 foundation factors from 26.27 per cent, consolidating its place because the nation’s largest dealer by lively consumer base. The January figures point out uneven development distribution throughout the brokerage industry.
Revealed on February 9, 2026
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