India’s retail broking industry saw moderate growth in February as active users rose by over 3.5 lakh to 4.54 crore from 4.51 crore in January 2026. Groww continued to add the highest number of users, with 3.5 lakh new clients in January and 2.65 lakh in February. Significantly, Dhan crossed the 1 million users mark after adding 19,000 new users during the last month.
Zerodha and Angel One each added over 10,000 clients during the month.
According to NSE data, Groww saw another 2.13% month-on-month rise in its user base in February 2026, which took…

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