The total number of active demat accounts on the NSE stood at 4.92 crore as of March 2025.
Among brokerage platforms, Groww contributed significantly to this rise, accounting for over 40% of the net additions in active accounts.
According to NSE data, Groww’s active client base rose from 95 lakh in March 2024 to 1.29 crore by the end of FY25, marking a 36% year-on-year increase. Its market share also expanded from 23.28% to 26.26% over the same period.
Other major brokers also registered growth.
Angel One added 14.6 lakh active accounts, contributing 17.38% to the NSE’s annual growth, while Zerodha added 5.8 lakh accounts, accounting for a 6.9% share in net additions.
The market share of Angel One and Zerodha stood at 15.38% and 16%, respectively, by the end of the financial year.
The total number of active demat accounts on the NSE had peaked at 5.02 crore in January 2025, before witnessing a minor dip in the last two months due to market volatility.
The data also reflects larger trends shaping India’s retail investing landscape. A growing share of new investors are young and digitally savvy, with a significant portion coming from tier II, III, and IV cities.
The average monthly growth in client additions at the industry level stood at 1.74%, while some digital platforms reported higher sustained momentum.
Another notable trend is the rising participation of women in equity investing. Nearly one in every four new investors added in FY25 was a woman, suggesting greater financial inclusion and broader demographic engagement in capital markets.
First Published:Â Apr 15, 2025 4:03 PM IST
