1.8 lakh paid users and 8.5 crore trades clocked as m.Stock completes a year!

Telugu super news,Hyderabad,April 13, 2023: Mirae Asset, the international financial services group, has reported one year of completion of their online retail stock broking platform, m.Stock, with 1.8 lakh paid users. The growth
witnessed by m.Stock has largely been fuelled by their disruptive ‘Zero Brokerage across products for
life’ pricing model available at a one-time fee of ₹999. The growing popularity of m.Stock among the
trading audience is evident from their active client ratio of 71%, 8.5 crore+ executed trades and 71
lakh+ app downloads in just a year.

m.Stock, has also reported a Margin Trading Facility (eMargin) book size of INR 180+ crore.
Launched just 9 months back, eMargin offers up to 80% funding at one of the lowest interest rates in
the industry, starting at 6.99% p.a.

Of their 1.8 lakh paid users, m.Stock claims that about 50% are millennials. More than 80% of their
customers belong to Tier II and Tier III cities with states like Maharashtra, Uttar Pradesh, West
Bengal, Gujarat and Madhya Pradesh being their top markets. With an intention to build awareness
about the benefits of trading without a brokerage fee, the company now plans to onboard an
additional 10 lakh users in their flagship brokerage plan (Zero Brokerage for life @ ₹999) over the
next 24 months. They are also on the path of crossing the ₹100 crore top line and are slated to break
even during the same period.

Commenting on the milestone, Arun Chaudhry, Director and Chief Business Officer, Mirae Asset Capital
Markets (India) Pvt. Ltd said, “We are very grateful to all our customers for believing in us and hopping
onboard this growth journey. We’re also very excited about the next phase of growth in the stock broking
industry, especially for m.Stock, which will be led by technological innovation and digital transformation. With
Mirae Asset’s 25+ years