Congratulations! Now Dhan is the 9th largest brokerage (by active clients), overtaking SBICAP Securities.
Maybe, it was just a few months ago that Dhan took the 10th slot and in turn the whole brokerage world by surprise.
The cherry on the top? Amongst the top 10 brokerages, Dhan has added the most customers, while the biggies bled and few others added a few hundreds or so.
Next would be Motilal Oswal and going by the addition rate, it would only take another 6 months to become the 8th largest brokerage.
That said⦠markets being harsh, they make some of our competitors look bad. Many users are staying away from markets in these times and when they come back again - all players will look good here.
I have always said, these numbers are directional and do not mean much, they can be played with and earlier as well few folks have attempted it as well. Media should stop following these