InvestorQ : What has suddenly triggered the growth in Upstox as a broker?
Katherine Gonsalves made post

What has suddenly triggered the growth in Upstox as a broker?

Answer
image
rhea Babu answered.
2 weeks ago
Follow

Upstox, which is part of RKSV Securities India, has already become the second largest broker in terms of client numbers. Its client base touched 30 lakhs in Mar-21 on record growth from the young and tech savvy crowd. The growth was largely driven by migration of millennials to digital trading platforms.

The pandemic underlined the trend. In 2020 alone Upstox saw 5X growth in women opening trading accounts with 65% women being first-timers. Their customer base has grown 4X in 4 years and they feel this is just the start.

2 Views