Stockbroking on WebNotes

Stockbroking on WebNoteshttps://v2.webnotes.in/categories/stockbroking/Recent content in Stockbroking on WebNotesHugoen-INTue, 12 May 2026 00:00:00 +00005paisa mutual fund platformhttps://v2.webnotes.in/5paisa-mf/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/5paisa-mf/<p><strong>5paisa’s mutual fund platform</strong> is the mutual fund investment feature of 5paisa Capital Limited, a SEBI-registered discount stockbroker that also holds an AMFI ARN registration for mutual fund distribution. 5paisa Capital Limited is listed on NSE (NSE: 5PAISA) and is promoter-backed by IIFL Finance Limited (formerly known as IIFL Holdings), one of India’s large NBFCs.</p> <p>5paisa Capital Limited was incorporated as a distinct entity from IIFL to operate a low-cost, technology-led discount brokerage model. The mutual fund feature is integrated into the 5paisa mobile and web trading platform, accessible at 5paisa.com.</p>Angel One mutual fund platformhttps://v2.webnotes.in/angel-one-mf/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/angel-one-mf/<p><strong>Angel One’s mutual fund platform</strong> is the mutual fund investment feature integrated into the Angel One Limited stockbroking application, accessible at angelone.in and through the Angel One Android and iOS apps. Angel One Limited (formerly Angel Broking Limited) holds an AMFI ARN registration enabling it to distribute both direct plans and regular plans of mutual fund schemes from participating AMCs.</p> <p>Angel One is one of India’s largest stockbrokers by active client count, consistently ranking in the top three alongside <a href="https://v2.webnotes.in/zerodha/">Zerodha</a> and <a href="https://v2.webnotes.in/groww/">Groww</a> by NSE-active clients. Its mutual fund feature leverages the existing client base of several crore equity trading accounts.</p>Upstox mutual fund platformhttps://v2.webnotes.in/upstox-mf/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/upstox-mf/<p><strong>Upstox’s mutual fund platform</strong> is the mutual fund investment feature integrated into the Upstox discount broking application, operated by RKSV Securities India Private Limited (trading as Upstox), accessible at upstox.com and through the Upstox Android and iOS apps. Upstox holds an AMFI ARN registration enabling it to distribute direct plan and regular plan mutual fund schemes from participating AMCs as part of its broader financial services offering.</p> <p>Upstox is a large Indian discount broker, consistently ranking among India’s top five stockbrokers by NSE-active client count. The company is backed by Tiger Global Management, Ratan Tata, and GIC (Singapore’s sovereign wealth fund).</p>5paisahttps://v2.webnotes.in/5paisa/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/5paisa/<p><strong>5paisa Capital Limited</strong> is an Indian discount stockbroker incorporated in 2007 (as IIFL Securities Services Limited) and structured as an independent entity after a demerger from the IIFL Group in 2016. The company is headquartered in Mumbai, Maharashtra, and is listed on the National Stock Exchange (NSE: 5PAISA) and Bombay Stock Exchange (BSE: 540776), making it one of the earliest Indian discount brokers with a separate equity listing. 5paisa positions itself as a technology-focused flat-fee discount broker offering equity delivery, intraday, futures and options (F&O), currency, and commodity trading at Rs 20 per order, competing in the same segment as <a href="https://v2.webnotes.in/zerodha">Zerodha</a>, <a href="https://v2.webnotes.in/upstox">Upstox</a>, and <a href="https://v2.webnotes.in/groww">Groww</a>. The company also operates a robo-advisory product and mutual fund distribution platform. Its corporate parent from a promoter shareholding perspective is the IIFL Group, which separately operates <a href="https://v2.webnotes.in/iifl-securities">IIFL Securities</a> as a full-service broker.</p>Angel Onehttps://v2.webnotes.in/angel-one/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/angel-one/<p><strong>Angel One Limited</strong> (formerly Angel Broking Limited) is an Indian stockbroking and financial services company incorporated in 1996 (as Angel Broking Limited), with origins tracing to a proprietary firm established in 1987 by Dinesh Thakkar in Mumbai, Maharashtra. After operating for over three decades as a full-service and subsequently transitional broker, Angel Broking relaunched as a discount broker in 2019-2020 under its <a href="https://v2.webnotes.in/sebi-investment-management-department/">Securities and Exchange Board of India (SEBI)</a> stockbroking registration, and rebranded to <strong>Angel One</strong> in 2021. The company is listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) under the ticker <strong>ANGELONE</strong>, making it one of a small number of publicly traded Indian retail stockbrokers. As of early 2026, Angel One is consistently ranked among the top three brokers by NSE-active client count, competing directly with <a href="https://v2.webnotes.in/groww">Groww</a> and <a href="https://v2.webnotes.in/zerodha">Zerodha</a>.</p>Austin Prakeshhttps://v2.webnotes.in/austin-prakesh/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/austin-prakesh/<p><strong>Austin Prakesh</strong> is an Indian business executive and the Director of Strategy at <a href="https://v2.webnotes.in/zerodha/">Zerodha</a>, India’s largest retail stockbroker by active client count. In this role, he is responsible for Zerodha’s corporate strategy development, business development activities, and engagement with the broader Indian fintech and financial services ecosystem. He is one of the senior non-technical professionals in Zerodha’s leadership and is associated with the company’s ecosystem partnerships and new strategic initiatives.</p> <h2 id="early-life-and-education">Early life and education</h2> <p>Publicly available sources do not document Austin Prakesh’s birth date, place of birth, or educational background in comprehensive detail. He holds qualifications relevant to his strategic and business development role. The specific institutions attended and the qualifications obtained have not been extensively documented in public records as of this article’s publication.</p>Dhanhttps://v2.webnotes.in/dhan-broker/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/dhan-broker/<p><strong>Dhan</strong> is an Indian retail stockbroking and investment platform operated by <strong>Raise Financial Services Private Limited</strong>, incorporated in 2021 and headquartered in Navi Mumbai, Maharashtra. The broker was co-founded by Pravin Jadhav, Vinay Patankar, and Ram Kalyan Medury. Pravin Jadhav is a fintech executive who previously served as chief executive officer of <a href="https://v2.webnotes.in/paytm-money">Paytm Money</a> from 2019 to 2021, during Paytm Money’s transition from a mutual fund distribution platform to a full stockbroking service. After departing from Paytm Money, Jadhav co-founded Raise Financial Services with the express intent of building a stockbroking platform designed for active equity and derivatives traders, rather than for the first-time investor segment primarily served by <a href="https://v2.webnotes.in/groww">Groww</a> or the generic retail segment served by bank-backed full-service brokers.</p>Edelweiss Brokinghttps://v2.webnotes.in/edelweiss-broker/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/edelweiss-broker/<p><strong>Edelweiss Broking Limited</strong> (formerly Edelweiss Securities Limited) is an Indian stockbroker and part of the Edelweiss Group, a diversified financial services conglomerate headquartered in Mumbai, Maharashtra. The Edelweiss Group was founded by Rashesh Shah and Venkat Ramaswamy in 1995. The parent entity, <strong>Edelweiss Financial Services Limited</strong>, is listed on the National Stock Exchange (NSE: EDELWEISS) and Bombay Stock Exchange (BSE: 532922), making it one of the listed financial services groups with a stockbroking subsidiary. Edelweiss Broking itself operates as an unlisted private subsidiary of Edelweiss Financial Services.</p>Fyershttps://v2.webnotes.in/fyers/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/fyers/<p><strong>Fyers</strong> (operated by <strong>Fyers Securities Private Limited</strong>) is an Indian discount stockbroker and technology trading platform founded in 2015 by Tejas Khoday and Suraj Nair and headquartered in Bengaluru, Karnataka. Fyers is a privately held company that grew without publicly disclosed institutional venture capital, making it one of a small number of bootstrapped discount brokers in a sector where most major competitors have raised hundreds of millions of rupees in external funding. The company is not listed on any stock exchange.</p>Growwhttps://v2.webnotes.in/groww/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/groww/<p><strong>Groww</strong> is an Indian <a href="https://v2.webnotes.in/zerodha">discount broker</a> and retail financial services platform, incorporated as Groww Securities Private Limited for stockbroking and Groww Invest Tech Private Limited for mutual fund distribution, and headquartered in Bengaluru, Karnataka. Founded in April 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, all former Flipkart employees, Groww initially operated as a direct mutual fund distribution platform before obtaining a <a href="https://v2.webnotes.in/sebi-investment-management-department/">Securities and Exchange Board of India (SEBI)</a> stockbroking licence in 2020. By 2023, Groww surpassed <a href="https://v2.webnotes.in/zerodha">Zerodha</a> and <a href="https://v2.webnotes.in/angel-one-mf/">Angel One</a> to become the broker with the largest active client base on the National Stock Exchange (NSE), a position it maintained through 2025 and into 2026 with over 12 million NSE-active clients. The group holding company, Billionbrains Garage Ventures Private Limited, is backed by Tiger Global, Sequoia Capital India (Peak XV Partners), Ribbit Capital, Y Combinator, and other venture investors, and was valued at approximately US$3 billion at its 2021 Series F round.</p>HDFC Securitieshttps://v2.webnotes.in/hdfc-securities/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/hdfc-securities/<p><strong>HDFC Securities Limited</strong> is an Indian stockbroking and financial services company incorporated in 2000 and headquartered in Mumbai, Maharashtra. It is a wholly owned subsidiary of HDFC Bank Limited, India’s largest private-sector bank by assets as of 2026. HDFC Securities provides equity trading, equity and currency derivatives, commodity derivatives, mutual fund distribution, insurance, bonds, fixed deposits, and portfolio management through the hdfcsec.com platform and via a 3-in-1 account that integrates an HDFC Bank savings account, HDFC Securities trading account, and demat account. The company is not separately listed on any stock exchange.</p>ICICI Directhttps://v2.webnotes.in/icici-direct/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/icici-direct/<p><strong>ICICI Direct</strong> is the retail stockbroking and financial services brand of <strong>ICICI Securities Limited</strong>, a publicly listed Indian financial services company and a subsidiary of ICICI Bank Limited. ICICI Securities was incorporated in 1995 and launched the icicidirect.com online trading platform in 2000, making it one of the first internet-based stockbroking services in India. The company is listed on NSE and BSE under the ticker <strong>ISEC</strong> (NSE) and BSE code 541179, having completed an IPO in March 2018. ICICI Direct offers the broadest product range among Indian retail brokers, covering equities, fixed-income instruments, insurance, loans against securities, and research, underpinned by a 3-in-1 account integration with ICICI Bank that links a savings account, trading account, and demat account into a single platform. As of early 2026, ICICI Securities is the largest full-service broker by registered demat accounts, though its NSE-active client count is lower than discount brokers such as <a href="https://v2.webnotes.in/groww">Groww</a>, <a href="https://v2.webnotes.in/zerodha">Zerodha</a>, and <a href="https://v2.webnotes.in/angel-one-mf/">Angel One</a>, reflecting its higher-cost structure and older, less active client demographic.</p>IIFL Securitieshttps://v2.webnotes.in/iifl-securities/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/iifl-securities/<p><strong>IIFL Securities Limited</strong> is an Indian full-service stockbroker and investment services company headquartered in Mumbai, Maharashtra. It is a listed subsidiary of IIFL Finance Limited (formerly IIFL Holdings Limited), the financial services conglomerate founded by Nirmal Jain and R. Venkataraman in 1995 under the name India Infoline Limited. IIFL Securities is listed on NSE (IIFLSEC) and BSE (BSE code: 532636), having been demerged from IIFL Holdings Limited and listed as an independent entity in 2019. The company offers retail and institutional equity broking, equity and currency derivatives, commodity broking, mutual fund distribution, portfolio management services, and investment banking advisory. IIFL Securities is distinct from <a href="https://v2.webnotes.in/5paisa">5paisa Capital</a>, which was separately demerged from the IIFL group in 2016 to operate as the group’s dedicated discount broker.</p>Kotak Securitieshttps://v2.webnotes.in/kotak-securities/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/kotak-securities/<p><strong>Kotak Securities Limited</strong> is an Indian stockbroking and financial services company incorporated in 1994 and headquartered in Mumbai, Maharashtra. It is a wholly owned subsidiary of Kotak Mahindra Bank Limited (NSE: KOTAKBANK; BSE: 500247), one of India’s largest private-sector banks. Kotak Securities provides retail and institutional equity broking, equity and currency derivatives, commodity broking, mutual fund distribution, and portfolio management under a full-service model, with a flat-fee offering under the <strong>Kotak Neo</strong> plan launched to compete with discount brokers. Kotak Securities is not separately listed on any stock exchange; its parent Kotak Mahindra Bank is listed.</p>Motilal Oswalhttps://v2.webnotes.in/motilal-oswal/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/motilal-oswal/<p><strong>Motilal Oswal Financial Services Limited</strong> (MOFSL) is an Indian listed financial services conglomerate and full-service stockbroker headquartered in Mumbai, Maharashtra. The group was founded in 1987 by Motilal Oswal and Raamdeo Agrawal, two chartered accountants who started a sub-broking business in Mumbai. The parent company is listed on NSE (MOTILALOFS) and BSE (BSE code: 532892), making it one of a small number of Indian full-service brokers with a separately listed equity. MOFSL operates across retail and institutional equities broking, equity research, portfolio management services, asset management (Motilal Oswal Asset Management Company), private equity, home finance, and wealth management. It is distinguished among Indian brokers by the depth and intellectual orientation of its equity research output, and by a publicly articulated investment philosophy anchored to long-term concentrated equity investing, associated in particular with co-founder Raamdeo Agrawal’s Wealth Creation Study.</p>Nikhil Kamathhttps://v2.webnotes.in/nikhil-kamath/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/nikhil-kamath/<p><strong>Nikhil Kamath</strong> (born 26 September 1986, Bangalore, Karnataka) is an Indian entrepreneur, investor, and philanthropist. He is the co-founder of <a href="https://v2.webnotes.in/zerodha/">Zerodha</a>, India’s largest retail stockbroker by active client count, and the founder of <a href="https://v2.webnotes.in/true-beacon/">True Beacon</a>, an alternative asset management firm that manages wealth for high-net-worth and ultra-high-net-worth clients. He is the younger brother of <a href="https://v2.webnotes.in/nithin-kamath/">Nithin Kamath</a>, Zerodha’s founder and chief executive officer. Nikhil Kamath is also known as the host of the WTF Podcast, a long-form interview series that has hosted prominent Indian political, business, and cultural figures. He has been featured in Forbes Asia’s 30 Under 30 list and in Forbes India’s billionaire rankings. He is a signatory to the Giving Pledge.</p>Nithin Kamathhttps://v2.webnotes.in/nithin-kamath/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/nithin-kamath/<p><strong>Nithin Kamath</strong> (born 5 October 1979, Bangalore, Karnataka) is an Indian entrepreneur and the founder and chief executive officer of <a href="https://v2.webnotes.in/zerodha/">Zerodha</a>, India’s largest retail stockbroker by active client count as ranked by the <a href="https://v2.webnotes.in/national-stock-exchange/">National Stock Exchange</a> and the <a href="https://v2.webnotes.in/bombay-stock-exchange/">Bombay Stock Exchange</a>. Launched in 2010, Zerodha introduced a flat-fee brokerage model to the Indian market that disrupted a commission-based industry and, by the mid-2020s, had accumulated more than thirteen million registered clients and had become one of the most profitable private financial services companies in India. Kamath is also a co-founder of <a href="https://v2.webnotes.in/rainmatter-capital/">Rainmatter Capital</a>, a fintech-focused venture fund affiliated with Zerodha, and has been a vocal advocate for open-source software adoption in Indian financial services and for responsible access to retail derivatives markets.</p>Paytm Moneyhttps://v2.webnotes.in/paytm-money/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/paytm-money/<p><strong>Paytm Money Limited</strong> is an Indian discount broker and retail investment platform that is a wholly owned subsidiary of One97 Communications Limited, the parent company of the Paytm brand. Incorporated in 2017 and headquartered in Bengaluru, Karnataka, Paytm Money was launched in 2018 initially as a mutual fund distribution platform before expanding to stockbroking after receiving a SEBI registration in 2019. The platform offers flat-fee equity and derivatives trading, mutual fund distribution, the National Pension System (NPS), digital gold, and IPO applications.</p>SBI Securitieshttps://v2.webnotes.in/sbi-securities/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/sbi-securities/<p><strong>SBI Securities Limited</strong> (formerly SBI Cap Securities Limited) is an Indian stockbroking and financial services company promoted by the State Bank of India (SBI), the country’s largest public-sector bank. Incorporated as SBI Cap Securities Limited, a subsidiary of SBI Capital Markets Limited (itself a wholly owned subsidiary of SBI), the company was subsequently renamed SBI Securities Limited to simplify its retail-facing brand. Headquartered in Mumbai, Maharashtra, SBI Securities provides retail equity trading, equity and currency derivatives, commodity derivatives, mutual fund distribution, portfolio management, IPO services, and depository participant services through a 3-in-1 account model linking an SBI savings account, trading account, and demat account within the SBI Yono (You Only Need One) digital banking ecosystem.</p>Seema Patilhttps://v2.webnotes.in/seema-patil-zerodha/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/seema-patil-zerodha/<p><strong>Seema Patil</strong> is an Indian businessperson and a Director of <a href="https://v2.webnotes.in/zerodha/">Zerodha</a>, India’s largest retail stockbroker by active client count. She is one of the named directors of Zerodha Broking Limited as recorded in filings with India’s Ministry of Corporate Affairs, and is the spouse of <a href="https://v2.webnotes.in/nithin-kamath/">Nithin Kamath</a>, Zerodha’s founder and chief executive officer. Her directorial role carries statutory responsibilities under the Companies Act 2013 and places her within the formal governance structure of one of India’s most significant private financial services companies.</p>Sharekhanhttps://v2.webnotes.in/sharekhan/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/sharekhan/<p><strong>Sharekhan Limited</strong> is an Indian full-service stockbroker founded in February 2000 by the promoters of SSKI Investor Services and wholly owned by BNP Paribas SA, the French multinational investment bank, since 2016. Headquartered in Mumbai, Maharashtra, Sharekhan provides retail equity trading, equity and currency derivatives, commodity derivatives, mutual fund distribution, portfolio management services, and equity research through a branch and franchisee network complemented by an online trading platform and a downloadable desktop application (TradeTiger). Sharekhan was one of the first internet-based stockbrokers in India and, alongside <a href="https://v2.webnotes.in/icici-direct">ICICI Direct</a>, helped establish the online broking category in the early 2000s. It is not separately listed on any stock exchange; its parent BNP Paribas is listed on Euronext Paris (BNP.PA).</p>Upstoxhttps://v2.webnotes.in/upstox/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/upstox/<p><strong>Upstox</strong> is an Indian <a href="https://v2.webnotes.in/zerodha">discount broker</a> and retail financial services platform, incorporated as RKSV Securities India Private Limited, and headquartered in Mumbai, Maharashtra. Founded in 2009 by Ravi Kumar, Shrinivas Viswanath, and Kavitha Subramanian, the company originally traded as RKSV before rebranding to Upstox in 2016. The company is notable for an early investment by Ratan Tata, chairman emeritus of the Tata Group, and for a US$25 million Series B round by Tiger Global Management in 2019. Upstox is consistently ranked among the top five Indian stockbrokers by NSE-active client count, with approximately 2.5-3 million active clients as of early 2026. The platform is technically oriented, offering a publicly documented third-party developer API that supports algorithmic trading integrations, a feature that distinguishes it from several larger competitors.</p>Venu Madhavhttps://v2.webnotes.in/venu-madhav/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/venu-madhav/<p><strong>Venu Madhav</strong> is an Indian financial services executive and the Chief Operating Officer (COO) of <a href="https://v2.webnotes.in/zerodha/">Zerodha</a>, India’s largest retail stockbroker by active client count as determined by rankings published by the <a href="https://v2.webnotes.in/national-stock-exchange/">National Stock Exchange</a> and the <a href="https://v2.webnotes.in/bombay-stock-exchange/">Bombay Stock Exchange</a>. In his role as COO, he is responsible for the operational functions of the company, including client onboarding and account management, compliance operations, settlement and fund management, and customer support. He is one of the senior members of Zerodha’s leadership team and has been associated with the company for a substantial portion of its operating history since its 2010 founding.</p>Zerodhahttps://v2.webnotes.in/zerodha/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha/<p><strong>Zerodha</strong> is an Indian financial services and stockbroking firm headquartered in Bengaluru, Karnataka. Founded in 2010 by Nithin Kamath and Nikhil Kamath, it operates as India’s largest retail stockbroker by active client count, having surpassed traditional full-service brokers by popularising a flat-fee, technology-first brokerage model. The firm’s name is a portmanteau of “zero” and the Sanskrit word “rodha” (barrier), reflecting its founding intent to lower the cost of market participation for retail investors.</p>Zerodha Broking Limitedhttps://v2.webnotes.in/zerodha-broking-limited/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/zerodha-broking-limited/<p><strong>Zerodha Broking Limited</strong> is an Indian stockbroking company registered with the <a href="https://v2.webnotes.in/sebi-investment-management-department/">Securities and Exchange Board of India</a> and headquartered in Bengaluru, Karnataka. It is the primary operating entity of the <a href="https://v2.webnotes.in/zerodha/">Zerodha</a> group, holding memberships on the <a href="https://v2.webnotes.in/national-stock-exchange/">National Stock Exchange</a> and the <a href="https://v2.webnotes.in/bombay-stock-exchange/">Bombay Stock Exchange</a>, and acting as a depository participant with both <a href="https://v2.webnotes.in/cdsl/">Central Depository Services Limited</a> and <a href="https://v2.webnotes.in/nsdl/">National Securities Depository Limited</a>. All retail brokerage accounts offered under the Zerodha brand are maintained at this entity.</p> <p>Incorporated on 15 August 2010, Zerodha Broking Limited pioneered the flat-fee discount brokerage model in India. It operates the <a href="https://v2.webnotes.in/kite-zerodha/">Kite</a> trading platform, the <a href="https://v2.webnotes.in/zerodha-console/">Zerodha Console</a> back-office portal, and the Coin direct mutual fund platform. The company is the largest retail stockbroker in India by active client count, a position it has maintained since approximately 2018.</p>