Angel One Client Base Climbs to 38.59 Million as Premium Options Turnover Surges in Q1

Retail brokerage major Angel One Limited has announced its operational performance metrics for June 2026 and the first quarter of the 2026-27 fiscal year. The digital platform recorded strong annual expansions across its total client pool, margin funding balances, and derivative volumes, even as cooling market conditions slowed short-term order momentum sequentially.

Strong Annual Expansion in Client Base and Margin Funding

Angel One's total active client base expanded significantly, reaching 38.59 million users by the end of June 2026. This marks an 18.8% year-on-year growth compared to the 32.47 million clients serviced in June 2025, and a steady 3.2% sequential increase over the 37.39 million users logged at the close of March 2026. However, new account onboarding cooled slightly during the first quarter, with gross client acquisitions sliding to 1.34 million users, down from 1.55 million annually and 1.82 million sequentially.

The firm's margin funding operations experienced record traction. The average client funding book climbed 45.9% year-on-year to reach ₹61.37 billion for the June quarter, up from ₹42.06 billion in the same period last year. On a month-on-month basis, the book scaled from ₹63.09 billion in May 2026 to close at ₹67.83 billion in June 2026, signaling a healthy appetite for leverage among active traders.

Mixed Trading Order Lifecycles and Turnover Volumes

The total number of orders handled by the platform during the first quarter stood at 406.14 million, representing an 18.4% growth over the 343.11 million orders recorded in the opening quarter of the previous fiscal year. Sequentially, total orders decreased by 5.7% from the 430.66 million orders filled during the March quarter. Reflecting this trend, the average daily orders for the quarter leveled out at 6.77 million, marking a 20.3% improvement year-on-year but a 5.7% decline against the 7.18 million logged in the fourth quarter of fiscal 2026.

Turnover dynamics varied considerably depending on the mathematical measurement framework utilized:

Notional Average Daily Turnover (ADTO): Measured by overall notional metrics, the quarter's global ADTO landed at ₹52,402 billion, jumping 46.0% year-on-year but softening by 7.6% sequentially from March 2026. This was anchored heavily by the Equity Futures and Options (F&O) segment, which held a notional daily average of ₹49,943 billion.

Premium Options ADTO: Under the premium options turnover matrix, overall daily turnover surged by 149.8% year-on-year and 38.7% sequentially to close at ₹2,617 billion for the quarter.

Cash and Commodities: Cash market ADTO ticked up to ₹92 billion for the quarter, reflecting a 12.7% annual improvement and a 20.8% sequential recovery over the previous quarter. Commodity daily turnover experienced explosive growth, rising 184.6% year-on-year and 44.4% sequentially to settle at ₹2,367 billion.

Mutual fund engagement witnessed a contraction during the period. The registration of unique mutual fund Systematic Investment Plans (SIPs) stood at 1.73 million for the quarter, tracking lower by 10.3% year-on-year and 18.8% sequentially.

Retail Market Share Performance

Angel One retained a firm grip on major retail transactional flows across domestic exchanges. The company's retail market share in the core Equity F&O segment reached 22.2% during the first quarter, gaining 128 basis points year-on-year and holding flat compared to the previous sequential quarter. Its cumulative market share across the wider equity segment stood at 20.2%, gaining 46 basis points annually.

In the cash segment, the platform's retail turnover market share dropped slightly on an annual basis by 57 basis points to finish at 17.4%, though it recorded a minor sequential increase of 27 basis points over March 2026. The company's share in the fast-expanding commodity trading marketplace settled at 52.3% for the quarter, a contraction of 466 basis points year-on-year and 175 basis points sequentially, which management attributed to rapid external market expansion and a changing underlying product mix.

Source : Equity Bulls

Keywords

AngelOne RetailBrokerage OperationalUpdate June2026 Q1FY27