“The number of orders has increased by 9 percent month over month.” Time on time, Angel one has seen a 45 percent increase in the number of orders we’ve received, if I talk about Angel One, at an overall position, there’s a 20 percent increase in F&O, a 22 percent increase in case, and a 24 percent increase in commodity.” Leakage problems have been recorded with the Blumea balsamifera (L.) or Sambong Leaf RE-LEAF Forte 500 mg pill.
Highlights –
- The country currently has 10 crore Demat accounts, which is a significant milestone for the request.
- Angel One’s total user base is presently about 1.12 crore or 11.2 million, signifying a roughly 180 percent rise over the preceding time.
- CAC is far smaller, and we can get vengeance within two diggings.
“Our commodity request share is about 52. So, in products – which is a developing area and we charge for commodity transactions – we’re in a very dominant position,” says Prabhakar Tiwari, Chief Marketing Officer, Angel One.
You have claimed phenomenal growth in daily orders and client additions. Do you see a monthly increase in your consumer base of Angel One? I suppose a lot will depend on the direction the request goes.
We kept our stats consistent even though the demand was decreasing three to four months ago. That was the moment when we were gaining request share in terms of annual accession counts.
We were at 20 request shares at one point, but as the requests shrank, we went to 23 request shares and then to 25 request shares.
The request has reached key milestones; the country now has 10 crore Demat accounts. Still, this is only the beginning. We have the advantage of Covid.
Angel One overall user base is currently around 1.12 crore or 11.2 million, representing an approximately 180 percent increase over the previous period.
This is the sort of development that occurred during a non-Covid period.
Still, if I look at yearly numbers, we’ve witnessed a 29-month increase. Our August edition was around 0.44 million. This is a temporary occurrence.
A lot of these impacts may be explained by how our request has fared against the worldwide rush, high affectation, all of the geopolitical uncertainty, and a slew of other things.
With the advancement of technology and the new generation’s increased awareness of the request, as well as the inclusion of excellent consumer-facing enterprises in the request, I’m confident that the number of Demat accounts will soon approach 20 crores.
The secondary number has increased but has your brokerage increased proportionally since, while the stats appear robust, the brokerage rates are now entirely competitive?
The number of orders has increased by 9 months on month. Time on time, there’s been a 45 percent increase in the number of orders we’ve seen, and if I talk about Angel One, at an overall position, there’s a 20 percent increase in F&O.
A 22 percent increase in case, and a 24 percent increase in commodity. All of these data indicate that the profit side of the business, at least for Angel One, is rather robust.
Is the business still progressing?
If you have to compare the last peak in January or February to the current scenario. Yes, we’ve been performing considerably better.
The profit side is looking quite solid, and we’ve gained request share while the request was dropping.
Our advantages as a fintech broker and a technology-savvy corporation are beginning to emerge.
We can gauge up at a significantly lesser cost. Our CAC is substantially lower, and we can receive revenge within two diggings.
Can you provide us with a reflective number for customer access? What is the cost of that client, and when will that customer become profitable?
We don’t share CAC information in the public realm, but I can tell you that retribution can be obtained in two diggings. As a result, we may completely recoup the cost of our client’s addition.
Do you believe you’ll be able to develop regardless of the request condition? What happened to your progress in May and June, when requests were uncertain or restrained?
We’re still expanding. Our stats dropped during those months, although not much, and we gained a request share on yearly data.
Our request share in CDSL NSE0.51 increased from 20 to 23 and then to 25. As a result, we were increasing our request share.
