Asset Management:For 2QFY20, monthly SIP inflows remained stable at ~Rs 82bn aggregating to Rs 248bn (+8.2/1.1% YoY/QoQ), while lump-sum outflows declined substantially to ~Rs 27bn (1QFY20: Rs 162bn), leading to total equity inflows (ex. arbitrage and ETF) of Rs 221bn (-32.3%/+2.7x YoY/QoQ). Broking:On account of increased volatility in equity markets, total market ADTV (ex-prop) for 2QFY20, continues to grow at a healthy pace of 49.4/12.1% YoY/QoQ; cash ADTV (higher yielding) growth remained lackluster at -3.4/-1.0% vs. 51.8/12.5% YoY/QoQ for derivatives. Consequentially derivative : Cash mix moved further towards derivatives at 97.2 : 2.8% in 2QFY20 (vs . 95.7:4.3% in 2QFY19). Life Insurance: After a growth of 23.5% YoY in 1QFY20, overall pvt. indiv. APE growth has slipped considerably to 11.1% in 2QFY20. The high base set after strong growth of 22.8% CAGR during FY17-19 and a slowing economy has put growth for the sector at risk in 2HFY19. General Insurance: While Jul-Aug19 industry GDPI growth was robust at 19.5% YoY, growth for pvt. multi-line insurers was slow at just 7.5% YoY, however growth ex-crop was at 18.3%