What is Angel One's long-term strategy amidst broking challenges?

Angel One is focusing on expanding its lending and wealth management verticals while maintaining its broking business as a strong core, supported by AI and customer-centric fundamentals.

How is Angel One making wealth management more accessible?

Through Ionic Wealth, Angel One has lowered the entry-level investment for wealth management services to under Rs 1 crore, combining self-service with relationship managers.

What impact have regulatory changes had on Angel One and its rivals?

Regulatory changes, including higher STT and reduced options contracts, have impacted revenue and profits for top brokerages like Angel One, Zerodha, and Groww.

Home / Business and Economy / Angel One Bets Big on Wealth Management Amidst Broking Headwinds

Angel One Bets Big on Wealth Management Amidst Broking Headwinds

12 Dec

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Summary

Angel One CEO Ambarish Kenghe emphasizes long-term strategy over market fluctuations.
Company is expanding into lending and wealth management, lowering entry barriers.
Despite revenue dip, AI and customer-centric fundamentals are central to FY27 strategy.

Angel One Bets Big on Wealth Management Amidst Broking Headwinds

Angel One's CEO, Ambarish Kenghe, has outlined a strategic pivot towards wealth management and lending, aiming to diversify revenue streams beyond its core broking business. Despite facing regulatory challenges that impacted revenue by 12% and profits by 35% in the first two quarters this fiscal, the company is committed to its long-term vision. Kenghe stresses the importance of maintaining a stable strategy, emphasizing artificial intelligence and core principles like safety, security, speed, and simplicity for its FY27 plan.

The company is making wealth management more accessible through Ionic Wealth, reducing the minimum investment to under Rs 1 crore. This move democratizes the service, catering to a broader customer base, similar to Groww's focus on individuals with assets between Rs 50 lakh and Rs 5 crore. Angel One's asset management company arm continues to concentrate on passive funds, reflecting a growing trend in the market.