Angel One mutual fund platform

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Angel One’s mutual fund platform is the mutual fund investment feature integrated into the Angel One Limited stockbroking application, accessible at angelone.in and through the Angel One Android and iOS apps. Angel One Limited (formerly Angel Broking Limited) holds an AMFI ARN registration enabling it to distribute both direct plans and regular plans of mutual fund schemes from participating AMCs.

Angel One is one of India’s largest stockbrokers by active client count, consistently ranking in the top three alongside Zerodha and Groww by NSE-active clients. Its mutual fund feature leverages the existing client base of several crore equity trading accounts.

Corporate background

Angel One Limited was formerly known as Angel Broking Limited and rebranded to Angel One in 2021 to reflect its broader financial services ambitions beyond equity broking. The company is listed on NSE (NSE: ANGELONE) and BSE. Angel One was founded in 1987 by Dinesh Thakkar and has grown to become a large discount broker following its transition from a traditional sub-broker-centric model to a direct digital broker model around 2019-20.

Mutual fund offering

Angel One’s mutual fund platform provides:

  • Direct plan investing: KYC-compliant clients may invest in direct plans of equity, debt, hybrid, and passive schemes from all major AMCs
  • Regular plan distribution: Angel One also distributes regular plans under its ARN, earning trail commissions from AMCs for the regular-plan AUM managed under its ARN
  • SIP and lump-sum: Both modes are supported with SIP minimums matching AMC-specified thresholds
  • SmartSIP feature: Angel One offers a “SmartSIP” feature that uses valuation signals to invest more when markets are at lower valuations and less when at higher valuations, a value-averaging type approach
  • Fund discovery and research: Scheme comparison, risk categorisation, and past performance data are available within the app
  • Portfolio view: A consolidated view of mutual fund holdings is integrated with the equity and derivatives portfolio in a single login

Transaction processing

Mutual fund transactions placed through Angel One are routed to BSE StAR MF or NSE NMF II (exchange-based platforms) and from there to CAMS or KFin Technologies for folio processing. Units are held in SOA format at the relevant registrar.

Comparison with Zerodha Coin and Groww

FeatureAngel One MFZerodha CoinGroww MF
Direct plansYesYesYes
Regular plansYesNoYes
Holding formatSOADematSOA/demat
SmartSIP / value SIPSmartSIPNoNo
Parent entityAngel One Ltd (NSE listed)Zerodha BrokingGroww Securities

References

  • Angel One mutual fund section (angelone.in/mutual-fund)
  • Angel One Annual Report (angelone.in/investor-relations)
  • AMFI ARN holder database (amfiindia.com)

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