Angel One Client Base Expands 18.1% Year-on-Year to Reach 39.03 Million in July 2026

MUMBAI, INDIA — Angel One Limited reported a total client base of 39.03 million for July 2026, marking an 18.1% year-on-year growth compared to 33.06 million in July 2025. The financial services company released its key operational metrics in a regulatory disclosure submitted to the National Stock Exchange of India (NSE) and BSE Limited. The report outlines resilient user growth, key market share shifts, and expanding credit funding operations across the month.

The company's month-on-month client growth increased by 1.1% from June 2026, where total registered accounts stood at 38.59 million. Gross client acquisitions reached 0.47 million during July 2026, representing a 4.0% sequential increase over June 2026, but reflecting a 26.7% decline against 0.64 million recorded in July 2025.

Order Volumes and Market Engagement

Angel One processed 134.68 million orders during July 2026 across 23 trading days, reflecting a 9.5% year-on-year rise from 123.00 million orders in July 2025. On a month-on-month basis, order volume dropped by 3.8% from 140.04 million in June 2026.

The Average Daily Orders (ADO) stood at 5.86 million, down 12.2% sequentially from 6.67 million in June 2026, but registering a 9.5% expansion compared to 5.35 million in July 2025. Management noted that lower average daily orders occurred within the context of softer market conditions, while overall user engagement remained steady.

Record Funding Book and Market Share Dynamics

The broker's Average Client Funding Book hit a record high of ₹70.81 billion in July 2026. This figure indicates a 4.4% sequential increase from ₹67.83 billion in June 2026 and a 39.4% surge from ₹50.79 billion logged in July 2025.

In equity retail market share, Angel One expanded its footprint across primary instruments:

• Futures & Options (F&O): Retail turnover market share grew to 22.2%, up 6 bps sequentially and 98 bps year-on-year.

• Overall Equity: Retail market share based on Option Premium turnover stood at 20.0%, advancing 12 bps from June 2026.

• Cash Segment: Market share improved by 25 bps month-on-month to 17.1%, though down 143 bps from July 2025.

• Commodities: Market share moderated to 48.0% compared to 52.0% in June 2026 and 63.7% in July 2025, which the company attributed in part to shifts in industry product mix.

Systematic Investment Plans and Asset Turnover

Mutual fund operations saw a recovery in momentum as unique SIP registrations expanded by 10.1% month-on-month to 621,760 accounts, reaching a five-month high. However, year-on-year registration figures declined by 30.1% from 889,210 reported in July 2025.

Average Daily Turnover (ADTO) calculated on Option Premium Turnover reached ₹2,032 billion, up 82.3% year-on-year. Notional-based Overall ADTO stood at ₹48,787 billion, showing a 17.6% growth year-on-year despite a 7.9% month-on-month contraction reflecting broader domestic volatility.

Official Statements and Declarations

"The business continued to demonstrate healthy underlying momentum during the month, led by sustained strength in the average client funding book which reached a new record high. Overall equity market share improved sequentially, supported by gains across both the cash and F&O segments, reflecting continued progress in our broking business."

— Angel One Limited Management Review

According to official disclosures, the data supplied represents key business parameters subject to limited review by the internal management team. The regulatory update was formally executed by Company Secretary and Compliance Officer Naheed Patel in Mumbai.

Why It Matters

The steady expansion of retail stockbroking accounts points to sustained long-term involvement from retail investors in Indian equity markets, despite temporary market cooling. The sharp increase in client funding balances highlights rising usage of Margin Trading Facilities (MTF) among active traders. Additionally, the shift in market share across commodities and F&O highlights ongoing product realignments across retail brokerage platforms.

Key Facts at a Glance

• Client Base: Reached 39.03 million users (+18.1% YoY).

• Total Orders: Processed 134.68 million trades (+9.5% YoY).

• Funding Book: Surged to a record ₹70.81 billion (+39.4% YoY).

• F&O Market Share: Advanced to 22.2% (+98 bps YoY).

• Mutual Fund SIPs: New unique registrations rose 10.1% MoM to 621,760.

Frequently Asked Questions

What was Angel One's total client base in July 2026?

Angel One reported a total client base of 39.03 million in July 2026, marking an 18.1% year-on-year increase from July 2025.

How did order execution perform compared to previous periods?

Total order volume was 134.68 million in July 2026, up 9.5% from July 2025, but down 3.8% sequentially compared to June 2026.

What caused the decrease in daily order rates?

According to Angel One management, the decline in Average Daily Orders (5.86 million) was largely due to softer broader equity market trading conditions.

How did Angel One perform in the client funding segment?

The Average Client Funding Book reached a record high of ₹70.81 billion, showing a 39.4% increase from July 2025.

Source: Official regulatory filing submitted by Angel One Limited to the National Stock Exchange of India and BSE Limited on August 5, 2026.