Company Update : Angel One by Motilal Oswal Financial Services Ltd
Order run-rate declines; MTF book continues to scale new heights, and commodity turnover soars
* ANGELONE’s gross client acquisition was 0.45m MoM in Jun’26 (-18%/+7% YoY/MoM), taking the total client base to ~38.6m.
* The average MTF book grew 8% MoM to ~INR67.8b (+44% YoY) in Jun’26.
* The number of orders increased 7% MoM to 140.0m for Jun’26 (up 21% YoY), and the order run rate declined 3% MoM to 6.7m (+21% YoY).
* The overall ADTO was flat MoM, with flat MoM growth in F&O ADTO and a 10% MoM dip in cash ADTO, while the commodity ADTO surged 32% MoM. The overall premium ADTO rose 28% MoM, while F&O premium ADTO declined 10% MoM.
* Based on the option premium turnover, the overall market share dipped 50bp MoM to 19.8%. The F&O premium based market share was down 30bp MoM to 22.1%. Market share for the cash segment dipped 60bp MoM to 16.9%, while the commodity segment’s market share rose 340bp MoM to 52.0%.
* The number of registered unique MF SIPs was down MoM to ~0.56m in Jun’26 (down 23% YoY)
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