Business Standard

Active clients drop for ninth month but discount brokerages build dominance

With markets delivering lacklustre returns and cost of trading rising, investors have turned more cost conscious, say industry players

NSE, national stock exchange, nifty50
Premium

Sundar Sethuraman Mumbai

Listen to This Article

About 5.3 million fewer investors were active in March than they were nine months ago as sustained volatility weighed on sentiment. The number of active clients on the NSE, the country’s largest bourse, stood at 32.7 million, down 5.3 million. This was 14 per cent lower than 38 million in July 2022. This was the ninth straight month when NSE witnessed a drop in active clients—those that trade at least one in 12 months.

While the client base has been shrinking, discount brokerages have been able to cement their dominance. In July 2022, the top five discount brokers accounted for

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 18 2023 | 5:20 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com