Financial Brokerage Market – Better Time Ahead: Angel Broking, ICICI Securities

Financial Brokerage Market

Latest publication on ‘Financial Brokerage Market in India 2022’ is added in HTF MI  research reporsitory provides in-depth analysis, Competitive scenario, and future market trends and strategies. The regional analysis includes countries like USA, Germany, China, France, Japan, South Korea, UK, BeNeLux, Nordic Nations, Middle East & Africa and many other countries along with major players profiled such as Angel Broking Limited, Geojit Financial Services Limited, ICICI Securities Limited, and Kotak Securities Limited.The Market has witnessed continuous growth in the past few years and is projected to see some stability post Q2,2022 and may grow further during forecast year 2022-2027

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Market insights:
When a firm or individual manages financial assets and conducts financial transactions on behalf of others, it is known as a financial brokerage. The brokerage market is transitioning from a transaction-based model to a service or fee-based model. It offers services such as investment advice and wealth management expertise. Full-service brokerage provides clients with market insights, research, and investment strategies, along with guidance of the sale and purchase of assets.

The revenue of the brokerage industry in India was valued at INR 152.40 Bn in FY 2018. It is expected to increase to INR 290.00 Bn by FY 2023, expanding at a CAGR of ~13.73% from FY 2018 to FY 2023. The industry gained popularity owing to a significant increase in trading activities. Financial brokerage firms generate revenue from stocks, commodities, and currency. The financial brokerage market operates through different business verticals, such as full-service, discount, and hybrid brokerage. The full-service brokers segment accounted for the largest share of the brokerage market in FY 2020, followed by discount brokers and hybrid brokers. Some of the major players operating in the market are Angel Broking Limited, Geojit Financial Services Limited, ICICI Securities Limited, and Kotak Securities Limited.

Impact of COVID-19:
In 2020, the pandemic and lockdowns across the world severely impacted India’s financial market and liquidity position. With the economy struggling, investments began to decline. Though the pandemic dealt a devastating blow to the economy, trade volumes in domestic capital markets grew steadily, reaching an all-time high in July 2021. After a robust performance in January 2021 ─ February 2021, industry turnover/trading volumes fell in May 2021 due to weak global and domestic signals, as well as concerns regarding COVID-19. According to a report by ICRA Limited, brokers witnessed a growth of 30% – 35% in sales in FY 2021

Trading volumes touched an all-time high in June 2021 during the lockdown. Trading volumes were impacted in March 2021, when the Securities and Exchange Board of India (SEBI) reduced the market-wide position limit to reduce speculative trading and market volatility. The industry’s trading activity remained subdued in April 2021, with an ADTO of INR 1.20 Trn, falling by 2% from March 2021. After that, trade volumes increased steadily. The equities capital market recorded an aggregate turnover of INR 1.71 Trn in the five months ending August 2020, but turnover dropped to INR 1.36 Trn in October 2021.

Market segment insights:
In FY 2021, full-service brokers accounted for a significant share (35.0%) of the broking industry in India, followed by discount brokers (33%) and hybrid brokers (32%). The shift of trading platforms from offline to a mix of online and offline modes resulted in higher revenues for full-service brokers. The competition has become intense because discount brokers charge lower fees. Full-service brokers have had to adjust their strategies to earn more revenue from non-brokerage sources. With technological advancements, the usage of the internet, smartphones, and mobile applications, along with reduced brokerage charges, discount brokers are expected to gain a significant share of the market.

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Chapter 1: Executive summary
Chapter 2: Socio-economic indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: Market overview
4.1. Brokerage Market in India – An overview
4.2. National Stock Exchange of India Limited (NSE) ─ Active clients
4.3. NSE active clients and market share
4.4. Broker-wise broking and commission revenue
4.5. Peer comparison based on wide param


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