Key Points
- 56% year-on-year growth in client base, reaching 28.78 million in November 2024.
- Drop in trading activity, with total orders down by 23.5% and trading days down by 18.2%.
- 113.8% increase in average client funding, totaling ₹39.65 billion.
- 130.9% rise in mutual fund SIP registrations, with 650,990 unique registrations.
- Strong market share in commodities (59.7%) and equity options (19.8%).
- The company will continue providing monthly business updates for stakeholders.
Looma News
Angel One Limited reported strong growth in its client base in November 2024, with a 56% increase year-on-year, bringing the total number of clients to 28.78 million. Despite a slight drop in trading activity, the company saw growth in other key areas. The number of trading days fell by 18.2%, and total orders dropped by 23.5%, totaling 130.96 million orders.
The average client funding increased by 113.8%, reaching ₹39.65 billion, showing stronger engagement from clients. Mutual fund Systematic Investment Plan (SIP) registrations also grew significantly, up by 130.9%, with 650,990 unique registrations. Angel One maintained a solid market share, holding 59.7% of the commodities market and 19.8% of equity options, marking a 265 basis point rise from November 2023.
These results highlight ongoing growth and continued investor trust in Angel One’s platform. Even with a decrease in trading activity, the company remains a major player in the financial services sector. Angel One plans to keep updating stakeholders with monthly performance reports.
