Angel One Ltd. has released its business performance update for October 2024, showing significant year-over-year (YoY) and month-over-month (MoM) growth in several key parameters. Here are the highlights:

  1. Client Base: Angel One’s client base expanded to 28.06 million, reflecting a 2.1% MoM growth from September 2024 and a robust 57.8% YoY growth from October 2023.
  2. Gross Client Acquisition: The company acquired 0.70 million new clients in October 2024, a slight decrease of 25.9% MoM but an increase of 3.0% YoY.
  3. Average Client Funding Book: The average client funding book stood at ₹41.19 billion, marking a 0.7% increase MoM and an impressive 118.6% increase YoY.
  4. Number of Orders: Angel One reported a total of 171.26 million orders in October 2024, representing a 9.3% MoM growth and a substantial 61.7% YoY growth.
  5. Average Daily Orders: Average daily orders rose to 7.78 million, up by 4.3% MoM and 47.0% YoY.
  6. Unique Mutual Fund SIPs Registered: The number of unique mutual fund SIPs registered stood at 737.27 thousand, a decline of 9.2% MoM but a substantial increase of 214.0% YoY.
  7. ADTO Based on Notional Turnover: The Average Daily Turnover (ADTO) based on notional turnover reached ₹48,469 billion overall, with F&O turnover at ₹47,835 billion, reflecting a 1.1% MoM and 53.7% YoY growth.
  8. Option Premium Turnover: The overall option premium turnover reached ₹791 billion, with F&O at ₹157 billion. Although the overall premium turnover decreased by 12.5% MoM, it saw a YoY increase of 43.1%.
  9. Cash and Commodity ADTO: Cash ADTO was ₹78 billion, down by 13.7% MoM but up 77.3% YoY. Commodity ADTO was ₹555 billion, marking a 16.6% MoM decrease and a 56.6% YoY increase.
  10. Market Share in Retail Turnover:
    • Based on Option Premium Turnover, Angel One’s market share in overall equity increased to 20.3%, a rise of 95 basis points MoM and 303 basis points YoY.
    • F&O market share rose to 21.9%, reflecting 122 basis points MoM growth and 352 basis points YoY.

Angel One’s performance in October 2024 highlights its continued growth momentum, with notable increases in client base, order volumes, and turnover, especially in F&O. The company’s strong YoY growth in client acquisition and order volume indicates its expanding presence in the retail brokerage market.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please consult with a financial advisor before making any investment decisions

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