Retail exodus: Why millions of investors are leaving Groww, Zerodha, Angel One & Upstox?

India’s biggest discount brokerages — Groww, Zerodha, Angel One, and Upstox — are losing active investors at a record pace. Nearly 20 lakh clients have exited in just the first half of 2025. Why are retail traders walking away, and who is benefitting from this shift? Watch on Markets This Week.