Aditya Birla Sun Life AMC Limited CC-Mar24.pdf · 2024-04-27
Hi. Good morning, everybody, thanks for taking my question. So, sir, I just had a few questions regarding -- if I heard right, that in the call, somewhere you mentioned that our SIP shares during 2019-20 used to be around 14%, and 15%. Is that right, sir? Have I heard it right?
Yes. If you can help us understand why the SIP shares slip from there to where it is currently 6.5%? And given that you are targeting around 8% to 9%, how we will reach there, and within what duration? Secondly, on the equity redemption side, it is very heartening to see that the redemptions are not happening, or it has come down, which is somewhat counterintuitive as well because at the high level of market people may want to book profits. How is -- so what is changing fundamentally, if you can help us understand? And if I tie this with something which was said by an insurance company, in the ULIP funds they saw a decent redemption happening in the later cohorts in the -- after 5-year cohorts. So somewhat, there's a bit of dichotomy as well, and maybe something is changing fundamentally. So, if you can help me understand and share your thoughts on these 2 questions, sir, it will be very helpful.