Discount Brokers Lose Over 9.6 Lakh Clients Amid Market Correction in Q4 FY25

During the March 2025 quarter, NSE data showed a 9.62 lakh drop in active clients, mostly from major discount brokers like Groww, Zerodha,

Angel One, and Upstox. The decline reflects weak markets, subdued IPOs, and investor caution. Meanwhile, firms like HDFC Securities and INDmoney bucked the trend with modest client growth.