Capital Markets Monitor: Order Velocity Up, ADTO Mixed, MTF Up

Research evidence excerpt

Capital Markets Monitor: Order Velocity Up, ADTO Mixed, MTF Up

: Options ADTO rose 8% m-m led by acceleration in bullion ADTO,

while futures ADTO fell by 8% m-m. In Jun'26 qtr., options ADTO fell by 15% q-q as commodity Exhibit 3 - Which active equity schemes are

volatility reduced. getting net flows?Active equity net flows across top 15 schemes (Rsbn), May'26

25 Amongst top 15 equity schemes getting highest net flows,

Brokers: Option orders and MTF pick up: Order velocity picks up: In Jun'26, equity option NAM:ICICI AMC:5 funds2 funds

contracts traded were up 12% m-m, after declining in May'26. Cash contracts traded also 16 16 14 11 HDFC AMC: 2 funds

7 7 7 7 6 6 6improved m-m, up 7%. For the Jun'26 qtr, option contracts fell by 5% q-q, while cash contracts 8 8

rose by 6% q-q. MTF growth accelerates for Groww: MTF book picked up 6% m-m to Rs1.3tn. ParagFlexiParikh HDFCFlexi BandhanSmall LargeICICI HDFCMid Multi-AssetICICI NipponMid LargeBandhan& Mid Kotak Multi NipponSmall AbakkusFlexi NipponMulti MultiNipponAsset NipponLarge

Groww's MTF book grew by 14% m-m, ahead of the market, to Rs38bn. .Source: ACE MF, Jefferies

AMCs: Net flow market share gains continue for NAM, ICICI: In May'26, net equity flows Exhibit 4 - On a PEG basis, Nuvama/Groww are

(ex arb & NFOs) declined to Rs289bn (0.7% of op AUM vs 1.4% in Apr), lowest in 12 months. the most reasonable at 1.3/1.5x vs 2-3x for

While SIP flows were up 16% y-y (flat m-m) to Rs310bn, lump-sum flows turned negative, likely other capital market peers

MCX BSE Groww ICICI AMCindicating profit-booking post the Apr'26 market rebound. NAM and ICICI witnessed a step-up 5045 NAM KFIN

in net flow market share in May'26 relative to last 3 months. NAM had 5 schemes amongst the (x) 40 HDFC AMC