Angel One Ltd Reports 57.8% YoY Growth in Client Base for October 2024

Angel One Ltd, a stock brokerage firm, has reported its business updates for October 2024. The company has seen a significant growth in its client base by 57.8% YoY. The total number of trading days for October was 22, compared to 20 days in October 2023. The client base stood at 28.06 million in October 2024, up from 17.78 million in the same month last year. The gross client acquisition was 0.70 million in October 2024, a decrease of 25.9% MoM but an increase of 3.0% YoY. The average client funding book was at Rs. 41.19 billion in October 2024, a 0.7% MoM growth and a 118.6% YoY growth. The number of orders was 171.26 million, a 9.3% MoM growth and a 61.7% YoY growth. The average daily orders were 7.78 million, a 4.3% MoM growth and a 47.0% YoY growth. The unique MF SIPs registered were 737.27 thousand, a decrease of 9.2% MoM but an increase of 214.0% YoY. The ADTO based on notional turnover for overall and F&O segments showed a growth of 1.1% and 1.4% respectively. The retail turnover market share based on notional turnover for overall equity and F&O segments showed an increase of 95 bps and 122 bps respectively.