Angel One June Client Additions Fall 42% On Year; F&O Volumes Drop Sharply

Angel One Ltd. on Friday said gross client additions in June fell 41.5% on year to 550,000, although it was up 9.3% on month. The company’s total client base stood at 32.47 million, up 31.3% on year and 1.6% on month, according to a filing.

The brokerage handled 114.95 million orders during the month, down 31.6% on year, while average daily orders fell to 5.47 million from 8.84 million a year ago.

Futures and options activity declined notably on a notional basis, with average daily turnover in the segment at ₹34.02 trillion in June, down 24.6% from a year ago. However, on an option premium basis, overall turnover rose nearly 34% on year to ₹1.10 trillion.
Angel One’s client funding book surged 55% on year and 17.5% on month to ₹47.08 billion. In the commodities segment, daily average turnover jumped nearly 70% on year to ₹890 billion.