Angel One Ltd., one of India’s leading retail broking firms, has disclosed its key business metrics for November 2024. The data showcases strong growth in several critical areas, underlining the company’s robust performance in the financial markets.
- Client Base Growth: Angel One’s total client base reached 28.78 million, a 19% year-on-year (YoY) growth compared to 24.18 million in November 2023, reflecting its expanding reach among retail investors.
- Gross Client Acquisition: The company added 0.40 million clients during the month, indicating sustained momentum in onboarding new customers. The numbers are down 14.6% MoM & 11.9% YoY at 0.60 million.
- Orders and Transactions: A total of 130.96 million orders were executed in November 2024, a notable 33.8% YoY growth from 97.88 million in the same period last year. The average daily orders increased to 6.55 million, up 36.7% YoY.
- Mutual Fund SIPs: Registered unique SIPs reached 650,997 in November 2024, an impressive 130.9% YoY surge from 281,090 in November 2023, signaling growing investor interest in systematic investment plans.
- Turnover Metrics: The company’s overall notional turnover stood at ₹42,645 billion, a 44.1% YoY growth. Specifically, the F&O segment grew by 45.3%, highlighting the increasing participation in derivatives trading.
- Market Share: Angel One’s retail turnover market share in equity and F&O increased significantly, cementing its position as a leading player in the broking industry.
