Angel One April 2026 Update: Client Base at 37.79 Mn, Funding Book Up 35.8% YoY

Angel One Limited released its monthly business parameters update for April 2026, highlighting robust year-on-year growth across its client base, trading volumes, and market share metrics. The disclosure was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and covers key operational indicators for the month.

Client Base and Funding Book

Angel One's total client base expanded to 37.79 Mn in April 2026, registering a year-on-year growth of 20.0% from 31.48 Mn in April 2025, and a sequential increase of 1.1% from 37.39 Mn in March 2026. Gross client acquisition moderated to 0.46 Mn, reflecting a month-on-month decline of 9.1% and a year-on-year decline of 6.2% compared to 0.49 Mn in April 2025.

The average client funding book reached ₹53.13 Bn in April 2026, marking a significant 35.8% increase year-on-year from ₹39.12 Bn in April 2025, though it declined 3.5% sequentially from ₹55.05 Bn in March 2026. Unique MF SIPs registered came in at 576.54 ('000), a marginal decline of 1.6% month-on-month but up 2.9% year-on-year.

Order Activity and Trading Days

April 2026 had 20 trading days, compared to 19 each in March 2026 and April 2025, translating to a 5.3% increase both month-on-month and year-on-year. Total number of orders reached 135.75 Mn, down 3.0% sequentially from 139.98 Mn but up 27.3% year-on-year from 106.61 Mn. Average daily orders stood at 6.79 Mn, declining 7.9% month-on-month from 7.37 Mn, yet growing 21.0% year-on-year from 5.61 Mn.

The following table summarizes the key operational metrics for April 2026:

Metric:	Apr '26	Mar '26	Apr '25	M-o-M Growth (%)	Y-o-Y Growth (%)
No. of Trading Days:	20	19	19	5.3%	5.3%
Client Base (Mn):	37.79	37.39	31.48	1.1%	20.0%
Gross Client Acquisition (Mn):	0.46	0.51	0.49	-9.1%	-6.2%
Avg Client Funding Book (₹ Bn):	53.13	55.05	39.12	-3.5%	35.8%
Number of Orders (Mn):	135.75	139.98	106.61	-3.0%	27.3%
Average Daily Orders (Mn):	6.79	7.37	5.61	-7.9%	21.0%
Unique MF SIPs Registered ('000):	576.54	585.63	560.36	-1.6%	2.9%

ADTO Performance

Angel One's Average Daily Turnover (ADTO) metrics showed strong year-on-year momentum across segments. The following table summarizes the ADTO figures:

Metric:	Apr '26	Mar '26	Apr '25	M-o-M Growth (%)	Y-o-Y Growth (%)
Overall ADTO – Notional Turnover (₹ Bn):	52,210	49,957	36,957	4.5%	41.3%
F&O ADTO – Notional Turnover (₹ Bn):	49,917	48,032	36,024	3.9%	38.6%
Overall ADTO – Option Premium Turnover (₹ Bn):	2,459	2,109	1,067	16.6%	130.5%
F&O ADTO – Option Premium Turnover (₹ Bn):	166	184	134	-9.8%	24.0%
Cash ADTO (₹ Bn):	94	69	71	35.3%	32.9%
Commodity ADTO (₹ Bn):	2,199	1,855	862	18.6%	155.0%

Notably, overall ADTO based on option premium turnover surged 130.5% year-on-year to ₹2,459 Bn, while commodity ADTO jumped 155.0% year-on-year to ₹2,199 Bn. Cash ADTO also posted strong gains, rising 35.3% month-on-month and 32.9% year-on-year to ₹94 Bn.

Retail Turnover Market Share

Angel One recorded sequential improvements in market share across overall equity, equity cash, and equity derivatives segments during April 2026. The table below outlines the retail turnover market share metrics:

Metric:	Apr '26	Mar '26	Apr '25	M-o-M Change	Y-o-Y Change
Overall Equity Market Share – Option Premium (%):	20.5%	19.7%	19.6%	75 bps	89 bps
F&O Market Share – Option Premium (%):	22.3%	21.6%	20.6%	63 bps	169 bps
Cash Turnover Market Share (%):	17.9%	16.0%	18.0%	193 bps	-2 bps
Commodity Turnover Market Share (%):	56.7%	57.2%	56.1%	-46 bps	61 bps

The cash segment saw a particularly strong sequential gain of 193 bps in market share, rising to 17.9% in April 2026 from 16.0% in March 2026. F&O market share based on option premium turnover improved 169 bps year-on-year to 22.3%. Commodity turnover market share remained dominant at 56.7%, though it edged down 46 bps sequentially.

Management Commentary

According to the company's disclosure, Angel One recorded sequential improvement in market share across overall equity, equity cash, and equity derivatives segments in April 2026. The cash segment saw volumes pick-up in line with expectations. While average daily orders moderated from March 2026 levels—reflecting typical seasonality—they remained above the FY2026 average, indicating sustained strength in underlying client activity. The average client funding book softened during the month, in line with broader industry trends. The above information is as per limited review by the Management Team, and the company intends to provide updates on a monthly basis.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.81%	+3.03%	+31.11%	+29.74%	+40.30%	+529.83%

Angel One Limited has notified the stock exchanges of a scheduled virtual group meeting with investors and analysts, pursuant to the relevant provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was filed by Company Secretary and Compliance Officer Naheed Patel from Mumbai on May 06, 2026.

Meeting Schedule

The following details outline the upcoming investor and analyst interaction:

Parameter:	Details
Date:	May 11, 2026
Time:	11:00 AM IST onwards
Nature of Meeting:	Group Meeting
Mode:	Virtual

Basis of Discussions

Angel One has indicated that the company officials will refer to the Investor Presentation during the discussions. This presentation has been uploaded on the company's website at www.angelone.in and was issued to the stock exchanges on April 16, 2026. All discussions will additionally be based on publicly available information.

Compliance and Disclosure

The company has explicitly stated that no unpublished price sensitive information (UPSI) is intended to be discussed during the interactions. Angel One has also noted that changes to the schedule may occur due to exigencies on the part of participants or the company. The filing was made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency and regulatory compliance for the benefit of investors and the general public.