Questions across 6 calls

Bhuvnesh Garg

Magma Ventures

Angel One Limited

Angel One Limited CC-Jul25.pdf · 2025-07-17

My question is on content strategy. You mentioned the importance of content in customer engagement and acquisition. So we see other large players, so like Zerodha and Groww, they are also going very aggressive on content. So in that scenario, how do you measure your -- the effectiveness of your content compared to peers? And what do you think will give you an edge in this area compared to peers?

Understood. Would it be possible to share any quantitative colour on this in terms of how is it benefiting in your client acquisition cost or reaching out to clients or engagement levels? Any quantitative colour?

Angel One Limited CC-Mar25.pdf · 2025-04-17

Just a couple of data keeping questions. So firstly, if you can mention the ESOP cost for Q4 and how it would look like in FY '26 and '27?

Okay. Sure, sure. Second question is on gross broking revenue per order. So if I see, it was flat quarter-on-quarter, but I understand that we start charging on delivery orders from mid- November onwards. So basically, Q4 would be the full quarter where there should be the full impact of the charges on delivery order. But still, the revenue was flat -- per order was flat Q-o- Q. So if you can just explain what was the reason for this?

HDB Financial Services Limited

HDB Financial Services Limited CC-Jun25.pdf · 2025-07-15

Just a couple of questions. Firstly, on your provisioning coverage. So if I look at on Y-o-Y basis, Stage 1 coverage has gone down from say 2% to 1.5%. And similarly, Stage 2 coverage has gone down, Stage 3 has gone down. So just want to understand, is there any policy change or is it or what is what is driving this changing provisioning level?

Okay, understood. And just a second question on your asset quality. So if I look at your segmental asset quality from your annual report disclosure, it seems that we have seen sharper deterioration in GNPA, Vehicle Finance NPA compared to peers. And even for last 3, 4 years, our asset quality performance in Vehicle Finance seems to be lagging the peers. So what is the reason for this? And is it a product specific? Is it geography specific? Or what and what changes are you making to improve this performance?

Niva Bupa Health Insurance Company Limited

Niva Bupa Health Insurance Company Limited CC-Mar25.pdf · 2025-05-07

Yes. Thank you for the opportunity, sir. Couple of questions from my side. Firstly, is on the product side. So as you mentioned that there is a tendency for some people to abuse the product benefit. So are you making any changes in your product structure so as to reduce this leakage? And so what are your targets and how are you tracking your progress on those lines? That's my first question.

Sir, any data if you can share that how in numbers you are tracking this progress like number of fraud cases prevented or how much benefit your initiatives have delivered to your claims ratio, any number you can share?

Max Financial Services Limited

Max Financial Services Limited CC-Mar24.pdf · 2024-05-07

Thank you for the opportunity. Two questions. Firstly, on the EV side of it. So in the case of economic variance, so how should we look at it going forward? For example, if a similar scenario plays out in next -- in some years in the future. Would our EV economic variance would play out in a similar way or are we going to change our strategy on this? Yes, that's point first.

And second question is on commissions. Now we have -- Axis Bank has infused capital in the company. So do you see any possibility of chang e in commission structure with Axis Bank? Any thoughts on that?

Nuvama Wealth Management Limited

Nuvama Wealth Management Limited CC-Dec23.pdf · 2024-02-14

Hello, sir. Good morning. Congratulations on a good set of numbers and thank you for the opportunity. Just a couple of questions. Firstly, on our RM cost. So, if you can share how much of our percentage revenue goes to RM on an overall basis and currently and where do you see it stabilizing over the next 3-4 years? And how the revenue sharing with RM in India varies from revenue sharing with RM globally? Yeah, this is my first question.

Sure. Understood. And for our business, we are currently saying 20%-25%. And would it remain stable or how do you see it moving?