Angel One adds 4.3 lakh new clients in October 2021!

Angel One Ltd (formerly known as Angel Broking) now has a 9.3 per cent market share in India’s total Demat accounts.

Angel One (formerly known as Angel Broking) is one of the largest retail broking houses in India in terms of active clients. It has added 4.3 lakh, new customers, in October 2021. With the new additions, the overall number of clients comes to 69.3 lakh, up from 28.3 lakh over the same period in October 2020, a growth of 145 per cent, the company reported in its exchange filing. 

For the recently concluded quarter, the company declared, “We have grown to become a family of 6.5 million+ clients on our platform, which translates into a formidable 9.3 per cent market share of India’s total Demat accounts. On an incremental basis, our market share stands at 15.3 per cent for the quarter, thus indicating that we are on track to attain our overall market share in total Demat accounts closer to this 15 per cent mark.” 

Angel One Ltd (formerly known as Angel Broking Ltd) is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of their Subsidiaries, AFPL) and financial products distribution to their clients under the brand “Angel One” 

The massive jump in the acquisition of new customers of 6.3 per cent in a month and an astounding 208.3 per cent in a year reflects the phenomenal flocking of new investors to the markets to participate in the bull rally. Validating such increased retail participation, BSE on Tuesday added 10 million investors in the past three months to cross the milestone of 8 crore or 80 million registered users, based on Unique Client Code (UCC). The journey from 7 crore to 8 crore users took 107 days to record its fastest addition in the history, the data from BSE showed. 

The shares of Angel One are trading flat at Rs 1231 today at 1.00 pm