Angel One Data Point:
Hope it get helps:
Client Addition and AP Data:
Fy20: 11k Authorized Persons
4 lacs - Digital
1lacs - AP
Fy21 - 15k Authorized Persons
19 lacs - Digital
5 lacs - ( AP Acquisition)
Fy22 - 18k Authorised
38 lacs - Digital
15 lacs - ( 3.6lacs traditional) - AP
FY23 = 22k AP
Total Acquired: 46 lacs ( No breakup given )
Fy21 because of AP there was good addition.
No broker company has these many AP.
So this would be sufficient to grow addition of user IMO
Can be wrong too.
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