Angel One reports 58% growth in client base during October 2024

Ace News

5th Nov 2024

Angel One has reported 57.8% growth in client base to 28.06 million in October 2024 as against 17.78 million recorded in October 2023. The company's client base rose by 2.1% Month-on-Month (MoM) from 27.49 million clients in September 2024. 

Based on notional turnover, its overall average daily turnover (ADTO) stood at Rs 48,46,900 crore in October 2024 as against to Rs 31,53,700 crore in October 2023, i.e. up by 53.7%. Average daily turnover from F&O segment stood at Rs 47,83,500 crore, in October 2024. Based on option premium turnover, Cash segment’s ADTO was at Rs 7,800 crore in same period. Commodity’s ADTO stood at Rs 55,500 crore in October 2024.

Angel One is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of its Subsidiaries, AFPL) and financial products distribution to its clients under the brand ‘Angel Broking’.