HDFC Asset Management Company Limited CC-Oct25.pdf · 2025-10-15
Yes, hi, good evening, everyone. I have a question on the yields. So, if I go back to your comments from the last couple of quarters, it looks like the equity yields have kind of stayed at those levels around 58. But if I look at the equity AUM growth, right, for example, let us say from March till now, it is like almost 15% - odd. So, I am just trying to understand between let us say, commission cuts implemented last year versus the telescopic repricing, I mean, how do we understand this movement over the last six odd months?
Got it, sir. Sir, sorry, one clarification . Would it be fair to say that the entire commission cuts was fully absorbed by the March quarter or some of it has flowed through in the first half this year as well?