Angel One funding book hits all-time high in May 2026

Angel One reported a 19.5% year-on-year increase in its client base to 38.17 million for May 2026, driven by continued platform engagement. The average client funding book surged 57.5% year-on-year to ₹63.09 billion, reaching an all-time high, while average daily orders rose 18.5% year-on-year to 6.86 million. The company disclosed these key business parameters for May 2026 in a regulatory filing dated June 04, 2026.

Business Performance Overview

The broker's operational metrics showed mixed trends during the month. The number of orders declined 4.0% month-on-month to 130.35 million, though this represented a 7.2% increase compared to May 2025. Gross client acquisition moderated by 9.7% month-on-month to 0.42 million and fell 16.7% year-on-year. Unique mutual fund SIPs registered stood at 584,510, down 7.0% year-on-year but up 1.4% month-on-month.

Turnover and Market Share

Angel One's Average Daily Turnover (ADTO) based on notional turnover dipped 0.4% month-on-month to ₹52,006 billion, while the F&O segment declined 0.2% to ₹49,814 billion. Cash ADTO rose 9.7% year-on-year to ₹95 billion from ₹86 billion. ADTO based on option premium turnover jumped 141.3% year-on-year to ₹2,355 billion. In terms of market share, the company's F&O share based on option premium turnover expanded 11 basis points month-on-month to 22.4%, while cash and commodity market shares saw some moderation.

Key Operational Metrics

The table below summarises Angel One's key operational metrics for May 2026 compared to the prior month and the same period last year:

Particulars	May '26	Apr '26	May '25	M-o-M Growth (%)	Y-o-Y Growth (%)
Client Base (Mn)	38.17	37.79	31.95	1.0%	19.5%
Avg Client Funding Book (₹ Bn)	63.09	53.13	40.05	18.8%	57.5%
Number of Orders (Mn)	130.35	135.75	121.55	-4.0%	7.2%
Average Daily Orders (Mn)	6.86	6.79	5.79	1.1%	18.5%
Cash ADTO (₹ Bn)	95.00	—	86.00	—	9.7%

The information was reviewed by the management team, and Angel One intends to provide these updates on a monthly basis.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.95%	-3.24%	-0.57%	+33.69%	+14.09%	+313.68%

Angel One Limited has appointed Ajit Narayanan as Chief Technology Officer (CTO) effective June 08, 2026, to strengthen its technology leadership and drive AI-led transformation. The appointment aims to bolster the company's engineering function, focusing on platform architecture, performance, and scalability. Mr. Narayanan will report to Ambarish Kenghe, Group Chief Executive Officer, and will be responsible for integrating AI-led intelligence into critical systems to support the company's next phase of growth.

The disclosure was made to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Alongside the new appointment, Angel One announced a transition in its existing leadership structure. Mr. Ravish Sinha, who previously served as Group Chief Product and Technology Officer, will move from his current role into an individual technologist role within the office of the Group CEO.

Mr. Narayanan brings over 25 years of experience in building and scaling large, technology-led businesses across consumer internet, e-commerce, digital healthcare, and enterprise platforms. His expertise includes platform engineering, artificial intelligence, cloud-native architectures, and data-led transformation at scale. Prior to joining Angel One, he led technology for supply chain and commercial platforms at Reliance Retail and served as Chief Technology and Product Officer at Licious, where he drove the modernisation of consumer and operational platforms using data and AI.

Key Management Changes

The following table summarizes the changes in Angel One's senior management personnel:

| --- | --- | --- | | Name | New Role | Previous Role | | Mr. Ajit Narayanan | Chief Technology Officer | Not Applicable | | Mr. Ravish Sinha | Individual Technologist (Office of Group CEO) | Group Chief Product and Technology Officer |

Profile of New CTO

Earlier in his career, Mr. Narayanan co-founded MFine, an AI-powered digital healthcare platform, and served as Chief Technology Officer at Myntra. At Myntra, he led the evolution of the technology platform during rapid growth and pioneered the use of machine learning in personalization, pricing, and demand forecasting. He also held global leadership roles at SAP, contributing to enterprise cloud and API management platforms. Mr. Narayanan holds a Bachelor of Engineering degree from Bangalore University and is an inventor of multiple technology patents.