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Top 20 Share Brokers in India 2016

Top Share Brokers in India [[yyyy]] (Top 20 Stock Brokers)

A genuine list of top share brokers in India 2016 by the number of the active clients in 2016. Zerodha is the top most stock broker among all the brokers in India since 2019. Zerodha is followed by ICICI Bank, HDFC Bank and Sharekhan.

There are 20 top stock brokers who have over 1 lakhs of active customers. The year wise list of top stock brokers in India also provides detail about the latest number of active clients with the broker. Find the top online broker rankings 2016 below:

Top 20 Share Brokers in India 2016

Rank Broker Company Name Number of Clients
1ICICIDirectICICI SECURITIES LTD618,359
2HDFC SecuritiesHDFC SECURITIES LTD483,244
3SharekhanSHAREKHAN LTD366,468
4Kotak SecuritiesKOTAK SECURITIES LTD273,895
5AxisDirectAXIS SECURITIES LTD259,006
6Angel BrokingANGEL BROKING PVT LTD230,194
7Motilal OswalMOTILAL OSWAL SECURITIES LTD207,194
8India Infoline (IIFL)INDIA INFOLINE LTD197,996
9KarvyKARVY STOCK BROKING LTD181,384
10SBI SecuritiesSBICAP SECURITIES LTD169,345
11ZerodhaZERODHA165,586
12GeojitGEOJIT BNP PARIBAS FINANCIAL SERVICES LTD160,317
13ReligareRELIGARE SECURITIES LTD120,758
14Reliance SecuritiesRELIANCE SECURITIES LTD83,430
15EdelweissEDELWEISS BROKING LTD74,631
16SMC GlobalSMC GLOBAL SECURITIES LTD74,227
17Nirmal BangNIRMAL BANG SECURITIES PVT LTD72,795
18VenturaVENTURA SECURITIES LTD68,519
19Anand RathiANAND RATHI SHARE & STOCK BROKERS LTD64,451
20Marwadi SharesMARWADI SHARES & FINANCE LTD53,712

Share brokers are authorized members of the stock exchanges (i.e. BSE, NSE). They execute trades on behalf of the customers at the exchange. There are 100's of registered stock brokers in India offering stock trading to retail customers. At high-level, the most famous stock brokers in India are categories in 2 types:

  1. Full-services brokers
  2. Discount Stock Brokers

Full-service brokers offer a wide range of services including stock trading, research and advisory and local support. Discount stock brokers are online brokers specialized only in stock and commodity trading services. They do not offer add-ons like research and advisory, PMS, wealth management and branch support.

The most popular stock brokers in the full-service category include ICICI Direct, Sharekhan, HDFC Securities, Sharekhan, Angel Broking and Axis Bank. The most famous stock brokers in discount broker category include Zerodha, 5paisa and upstox.

Note:

  • The data for this report is compiled from BSE and NSE stock exchanges.
  • The best broker ranking is updated every month.
  • Click on the broker name to read broker review.



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