https://v2.webnotes.in/tags/discount-broker/Recent content in Discount Broker on WebNotesHugoen-INTue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/5paisa-mf/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/5paisa-mf/<p><strong>5paisa&rsquo;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&rsquo;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>https://v2.webnotes.in/angel-one-mf/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/angel-one-mf/<p><strong>Angel One&rsquo;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&rsquo;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>https://v2.webnotes.in/upstox-mf/Tue, 12 May 2026 00:00:00 +0000https://v2.webnotes.in/upstox-mf/<p><strong>Upstox&rsquo;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&rsquo;s top five stockbrokers by NSE-active client count. The company is backed by Tiger Global Management, Ratan Tata, and GIC (Singapore&rsquo;s sovereign wealth fund).</p>https://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&amp;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>https://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>https://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&rsquo;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>https://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>https://v2.webnotes.in/full-service-vs-discount-broker/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/full-service-vs-discount-broker/<p>A <strong>full-service broker</strong> in India is a <a href="https://v2.webnotes.in/sebi-investment-management-department/">SEBI</a>-registered stockbroker that provides, in addition to trade execution, a bundle of ancillary services including equity research, investment advisory, portfolio management, physical branch support, and relationship management. A <strong>discount broker</strong> is a SEBI-registered stockbroker that provides primarily trade execution at a reduced fee, typically a flat charge per order rather than a percentage of trade value, without maintaining a large research or advisory infrastructure. The distinction is commercial and historical, not a separate regulatory category: both types of broker operate under the same SEBI (Stock Brokers) Regulations.</p>https://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>https://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>https://v2.webnotes.in/indian-retail-brokers-comparison/Mon, 11 May 2026 00:00:00 +0000https://v2.webnotes.in/indian-retail-brokers-comparison/<p>India&rsquo;s retail broking industry has undergone a structural transformation since 2015, accelerating sharply after the COVID-19 pandemic. The number of <a href="https://v2.webnotes.in/demat-account">demat accounts</a> grew from approximately 40 million in March 2020 to more than 150 million by early 2024, adding first-time investors at a pace no other market matched in that period. This growth was catalysed by the rise of discount brokers offering zero or flat-fee brokerage, app-first onboarding, and simplified interfaces that lowered the entry barrier for retail participation in <a href="https://v2.webnotes.in/stock-exchanges-india">Indian stock exchanges</a>.</p>https://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>https://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>https://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&rsquo;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&rsquo;s name is a portmanteau of &ldquo;zero&rdquo; and the Sanskrit word &ldquo;rodha&rdquo; (barrier), reflecting its founding intent to lower the cost of market participation for retail investors.</p>