Groww’s Active Investor Base Doubles In One Year, Touches Almost 11 Mn

• Bengaluru-based discount broker Groww has doubled its active investor base over the past year, reaching nearly 11 million users in June, according to NSE data.
• Despite potential restrictions on futures and options trading, the number of new demat accounts continues to grow rapidly, with 160 million accounts in June and a net addition of 4.2 million.
• Top discount brokers like Groww, Angel One, and Zerodha have added significant numbers of new active investors, with Groww alone adding over 550,000 users in June.
• Traditional full-service brokers, mostly backed by banks, see minimal growth, but SBICAP Securities has grown its active investors by 64 percent, reaching 920,000 in June.
• Regulatory actions could impact discount brokers' revenue by 30-40 percent, with new SEBI directives and potential changes to F&O trading rules posing significant challenges.

Source: Moneycontrol