India, July 29, 2026: Lemonn (Nu Investors Technologies Pvt. Ltd), a stock broking platform under the PeepalCo Group, reported strong year-on-year (YoY) growth across key business metrics in May 2026, reflecting increasing retail participation in India’s equity markets. Revenue from operations grew over 800% year-on-year to ₹8.97 crore in May 2026 from ₹99 lakh in the same month last year. During the period, retail order volumes increased 9.08X, rising from 3.05 lakh to 27.71 lakh orders, while the number of active retail traders grew 5.14X, from 4,722 to 24,309.

Devam Sardana, Business Head, Lemonn, said, “Our focus over the past year has been on building products that solve real investor needs, listening closely to customer feedback and continuously refining the investing experience. The strong growth we’ve seen is a reflection of that customer-first approach. Maintaining this structural discipline puts us on a very clear path to breaking even in the near term. Over the next two to three years, our priority is to continue deepening our product stack and refining platform stability to support this accelerating user acquisition.”

This rapid expansion has been witnessed across diverse geographies, highlighting the deepening penetration of retail investing beyond India’s largest cities. Investors from Tier 3 cities accounted for 42.8% of all retail orders on the platform in May 2026, followed by Tier 2 cities at 36.7%. Tier 1 cities contributed the remaining 20.5%, signalling the growing participation of investors from across the country.

Ashish Singhal, Co-Founder, Lemonn, said, “This growth shows a fundamental shift in how India invests. It is encouraging to see how digital investing is maturing and increasingly lowering the entry barrier for the next generation of investors.”

Since its launch in 2024, Lemonn has focused on expanding its market footprint by building an ecosystem that supports mutual funds, primary market IPO investments, and an advanced Futures & Options (F&O) suite for active traders. This continuous execution of user-centric features remains the key driver behind the platform’s accelerating user acquisition and market adoption across India.

SEBI Registered Name – Kotak Mahindra Mutual Fund | SEBI Registered Number – MF/038/98/1

Hyderabad, July 8, 2026: Kotak Mahindra Asset Management Company Ltd. (“KMAMC” / “Kotak Mutual Fund”) is pleased to announce the launch of the Kotak Nifty Private Bank ETF, an open-ended scheme replicating/tracking the Nifty Private Bank Index. The scheme opens for public subscription on July 8, 2026, and will close on July 15, 2026. 

The Nifty Private Bank index tracks the performance of the leading 10 private sector banks which are selected from Nifty 500 universe based on their free-float market capitalisation. The index provides exposure to India’s leading private sector banks through a rule-based, transparent methodology. The index is rebalanced semi-annually.

Speaking on the launch Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Ltd. said, “At Kotak Mutual Fund, we remain committed to offering innovative investment solutions that align with the evolving need of investors. The Kotak Nifty Private Bank ETF provides investors with a simple and cost-efficient way to participate in the growth of India’s leading private sector banks. This ETF enables investors to gain diversified exposure to a key segment of financial sector through rule-based investment approach.” 

Satish Dondapatti, Fund Manager, Kotak Mahindra Asset Management Company Ltd. added, “The Kotak Nifty Private Bank ETF is designed to replicate the performance of Nifty Private Bank Index by investing in its constituents in the same proportion, subject to tracking error. This ETF provides investors with a transparent, passive investment strategy to participate in the long-term growth potential of India’s private banking sector.” 

Past performance may or may not be sustained in future. For detailed index methodology kindly visit www.niftyindices.com. For more details on the Kotak Nifty Private Bank ETF please visit: https://www.kotakmf.com 

Investors are advised to consult their financial expert before making any investment decisions.

The new derivative contracts are unique as it is the only index derivatives in India with benchmark representing the Information Technology (IT) sector.

The IT sector is one of the largest by market capitalization, accounting for approximately 6%¹ of all listed companies on BSE. With over 250 listed IT companies, the sector also represents nearly 6% of Foreign Portfolio Investments (FPIs)² in the Indian market.

The growing prominence of the IT sector is further reflected in the passive investment space, with 17 passive products currently benchmarked to IT indices in India. Given its strong export orientation, the sector remains highly sensitive to global economic trends, currency movements, and technological shifts. In this context, derivatives on the BSE Focused IT Index provide investors with an effective instrument for hedging, trading, and managing portfolio risk.

The Futures and Options contracts on the BSE Focused IT Index are cash-settled and available in three serial monthly contracts. The contracts expire on the last Thursday of the expiry month, in line with BSE’ existing index derivatives framework. The first day of the launch witnessed participation from 172 members, with a total turnover of Rs 148 crore.

Speaking on the occasion, Shri Sundararaman Ramamurthy, MD & CEO, BSE, said, “The launch of derivatives on BSE Focused IT Index reflects our effort to align with the evolving market needs. With the IT sector’s global linkages, rapid technological shifts, and currency sensitivities, this new derivative product will complement our index derivatives suite while enhancing risk management avenues for investors. We thank all market participants for their continued support and engagement, which enables us to introduce products that deepen and strengthen India’s capital market ecosystem.”