Angel One’s Client Additions Slump 43% On Year In May; Turnover Mixed

Angel One said its gross client additions fell 43.1% on year to 500,000 in May, though rose 1.7% on month. The brokerage’s client base stood at 31.95 million, up 34.1% on year and 1.5% on month, according to an exchange filing.

Average daily orders in May were 5.79 million, down from 7.56 million a year ago but slightly higher than 5.61 million in April. The company processed 121.55 million orders in the month, down 23.4% on year.

The average client funding book rose 46.2% on year and 2.4% on month to ₹40.05 billion.

Angel One’s overall average daily turnover, based on notional turnover, declined 18.2% on year and 3.1% on month to ₹35.82 trillion in May. In the futures and options segment alone, turnover dropped 19% to ₹34.98 trillion from ₹43.21 trillion a year earlier.

By option premium turnover, overall average daily turnover rose 30.5% on year but fell 8.6% on month to ₹975 billion. The F&O segment contributed ₹144 billion, down 9.1% on year. In the commodity segment, turnover rose 47.2% on year to ₹745 billion, though down 13.6% on month.