| Rank |
Broker Name |
Type |
Key Strengths / Highlights |
| 1 |
Groww Invest Tech |
Discount Broker |
Most active clients (~13M); modern app; low brokerage. |
| 2 |
Zerodha Broking Ltd. |
Discount Broker |
Reliable “Kite” platform; pioneer in discount broking; great UX. |
| 3 |
Angel One |
Full-Service Broker |
Combines low cost & strong research; AI-driven tools. |
| 4 |
Upstox Securities |
Discount Broker |
Backed by Tata; low brokerage; good for traders. |
| 5 |
ICICI Securities (ICICIdirect) |
Full-Service Broker |
Integrated with ICICI Bank; strong research & advisory. |
| 6 |
HDFC Securities |
Full-Service Broker |
Trusted brand; excellent customer support & reports. |
| 7 |
Kotak Securities |
Full-Service Broker |
Backed by Kotak Bank; strong tech; reliable platform. |
| 8 |
Motilal Oswal Financial Services |
Full-Service Broker |
Renowned for in-depth research & wealth management. |
| 9 |
SBICAP Securities |
Full-Service Broker |
Part of SBI; trusted; integrates with SBI accounts. |
| 10 |
Paytm Money |
Discount Broker |
Simple app; low-cost; fast-growing new-age broker. |
