Angel One Client Base Grows 18.8% YoY in June 2026; Active Clients Dip
Angel One reported an 18.8% YoY rise in its overall client base to 38.59 Mn in June 2026, with the average client funding book reaching a record ₹67.83 Bn. However, active client numbers fell by over 50,000 during the month, per Entrackr, and gross client acquisition declined 17.5% YoY. Option premium ADTO surged 172.7% YoY to ₹3,004 Bn, while commodity turnover market share rose to 52.0%.

*this image is generated using AI for illustrative purposes only.
Angel One reported a business update for June 2026 and the first quarter of FY27, highlighting growth in its overall client base and funding book alongside shifts in market share across segments. The company's average client funding book reached a record high of ₹67.83 Bn in June 2026, reflecting the continued expansion of its margin funding business. However, according to data reported by Entrackr, the number of active clients declined by over 50,000 during the month. While cash market share improved sequentially, commodity market share moderated due to overall market expansion and a shift in product mix.
Operational Performance
The overall client base grew 18.8% year-on-year to 38.59 Mn in June 2026, up from 32.47 Mn in the same period last year. Sequentially, the client base increased 1.1% from 38.17 Mn in May 2026. Despite this headline growth, active client numbers fell by over 50,000 during June, as reported by Entrackr, pointing to a moderation in engaged user activity. Gross client acquisition also declined 17.5% YoY to 0.45 Mn. The number of orders for the month stood at 140.04 Mn, a 21.8% YoY increase and a 7.4% rise from the previous month.
Average daily orders decreased 2.8% month-on-month to 6.67 Mn, though they remained above the June 2025 average, indicating sustained overall client engagement. The table below details the operational metrics for June 2026:
| Particulars | Jun '26 | May '26 | Jun '25 | M-o-M Growth (%) | Y-o-Y Growth (%) |
|---|---|---|---|---|---|
| No. of Trading Days | 21 | 19 | 21 | 10.5% | 0.0% |
| Client Base (Mn) | 38.59 | 38.17 | 32.47 | 1.1% | 18.8% |
| Gross Client Acquisition (Mn) | 0.45 | 0.42 | 0.55 | 8.3% | -17.5% |
| Avg Client Funding Book (₹ Bn) | 67.83 | 63.09 | 47.08 | 7.5% | 44.1% |
| Number of Orders (Mn) | 140.04 | 130.35 | 114.95 | 7.4% | 21.8% |
| Average Daily Orders (Mn) | 6.67 | 6.86 | 5.47 | -2.8% | 21.8% |
Turnover and Market Share
Angel One's Average Daily Turnover (ADTO) based on option premium surged 172.7% YoY to ₹3,004 Bn in June 2026, driven by a 27.6% month-on-month increase. Commodity ADTO also saw significant growth, rising 211.3% YoY to ₹2,771 Bn. ADTO based on notional turnover increased 1.8% month-on-month to ₹52,943 Bn, remaining 51.3% higher than the previous year.
In terms of market share, retail turnover based on option premium for overall equity stood at 19.8% in June 2026, up 23 basis points YoY. Cash turnover market share fell to 16.9% from 17.5% in May 2026. Conversely, commodity turnover market share rose to 52.0% from 48.6% in May 2026. The following table outlines the turnover metrics:
| Particulars | Jun '26 | May '26 | Jun '25 | M-o-M Growth (%) | Y-o-Y Growth (%) |
|---|---|---|---|---|---|
| Overall ADTO - Notional (₹ Bn) | 52,943 | 52,006 | 34,995 | 1.8% | 51.3% |
| F&O ADTO - Notional (₹ Bn) | 50,086 | 49,814 | 34,020 | 0.5% | 47.2% |
| Overall ADTO - Option Premium (₹ Bn) | 3,004 | 2,355 | 1,102 | 27.6% | 172.7% |
| Cash ADTO (₹ Bn) | 86 | 95 | 85 | -9.0% | 0.9% |
| Commodity ADTO (₹ Bn) | 2,771 | 2,097 | 890 | 32.1% | 211.3% |
The information was reviewed by the management team. Angel One intends to provide these updates on a monthly basis.
Historical Stock Returns for Angel One
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.16% | -2.65% | -9.89% | +17.26% | +12.81% | +150.95% |
What strategies will Angel One implement to reverse the decline in active clients and improve gross client acquisition?
How will the surge in the average client funding book impact the company's risk management profile and bad debt provisions?
Will the shift in product mix towards commodities and options premium drive a change in revenue composition or margin profiles?


































