Angel One sees robust client growth, funding despite monthly slowdowns

Angel One announced a 21.9% year-over-year increase in its client base, reaching 35.08 million in November 2025, alongside a 50.1% surge in its Average Client Funding Book to Rs. 59.50 billion. This growth contributed to a "historic high" in the funding book. However, the company observed a 1.5% month-over-month increase in client base and a 2.7% month-over-month rise in the funding book.

On a monthly basis, several key metrics experienced declines, with gross client acquisition falling 11.1% to 0.50 million and the total number of orders decreasing by 12.3% to 117.30 million. Average Daily Orders also saw a 7.7% month-over-month drop to 6.17 million. Despite these monthly slowdowns, Unique MF SIPs Registered grew 13.3% year-over-year to 737.83 thousand.

Angel One's Retail Turnover Market Share in Cash decreased by 41 bps month-over-month to 18.3%, while Commodity Turnover Market Share fell 258 bps to 52.5%. The company noted that its October 2025 cash market share was revised upwards due to a revision in the industry's retail turnover.