Angel One Ltd Reports 3.7% MoM Growth in Client Base for May 2024

Angel One Ltd, a leading financial services company, has released its monthly business updates for May 2024. The company reported a 3.7% MoM growth in its client base, with a total of 23.83 million clients. The gross client acquisition also increased by 16.9% MoM to 0.88 million. The average client funding book saw a significant increase of 30.8% MoM and 159.2% YoY, reaching Rs. 27.40 billion. The number of orders and average daily orders also increased by 17.2% MoM and 11.6% MoM respectively. The unique MF SIPs registered saw a 6.6% MoM growth. The company's ADTO based on notional turnover for equity, F&O, and commodity segments increased by 4.5%, 4.5%, 10.4%, and 11.6% respectively. The retail turnover market share for equity and F&O segments increased by 81 bps and 82 bps respectively.