My Best Pick 2020

Stocks are down, but Harendra Kumar’s top pick is a stock broker

ICICI Securities has a strong moat, thanks to its distribution reach and a strong product offering

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Published a year ago on Apr 09, 2020 10 minutes Read
Faisal Magray

ICICI Securities (I-Sec) is one of the largest and oldest equity brokers in India and ranks number one with an overall retail client base of 4.7 million, and number two by active client base with 10% market share and number two in market volume with a 9% blended market share — its retail volume share is higher than its blended share. While the advent of discount brokers has dented margin, I-Sec is still the number two by revenue market share, with a CAGR of 14% over FY14-19.