Angel One is evaluating a push into active mutual fund management and expanding securities-backed loans, according to Group Chief Strategy Officer Amit Majumdar. The expansion aims to diversify revenue beyond core stockbroking as retail competition intensifies. Monthly systematic investment plans in India continue to average $3B.
Angel One Weighs Active Funds and Loan Expansion
Stockbroker Angel One is evaluating a move into active mutual fund management and expanding its securitiesbacked lending to diversify revenue. The company aims to capture rising retail investment flows and enhance its singleplatform offerings.
Insights:
### Diversifying Beyond Broking The $883B asset management industry in India now counts roughly 60 fund houses, up from 42 in March 2020. Angel One currently manages three passive index funds, including the Angel One Nifty 50 index fund, but weak index-level returns have boosted demand for stock-picking strategies.
