Angel One’s gross client acquisition drops 1.7% YoY in May; client base up over 44%

Angel One reported a 1.7% YoY decline in gross client acquisition at 0.46 million in May, with overall client base at 14.58 million, up 44.5% YoY. Equity retail turnover market shares stood at 23.9% and retail turnover market share at 13.4% in cash. Angel One’s Average Daily Turnover stood at ₹2,203,700 crore vs ₹2,197,800 crore in April. In the F&O segment, it was ₹2,167,100 crore, and in the commodity segment, it stood at ₹24,000 crore. Unique mutual fund SIPs registered were at 122070, down 18% MoM.