A couple of questions. First, on open architecture, do we, one, have any update? Second, if we don't have an update, if this goes through, how do we quantify or expect the impact to play out because you are the largest agency player. So that's one. Second is on the economic variance in the EV walk, year where rates have gone down. Can you help us understand why there is this not trivial negative number? And third is I want to just understand the relevance of this Guinness record that we've talked twice about on the call, in a period where growth has not been great. So I want to understand how we should think about future APE growth. Those are the three questions.
Questions across 4 calls
Manas Agrawal
Sanford C
Life Insurance Corporation Of India
Nippon Life India Asset Management Limited
Yes, I had two questions. One , is can you help us understand , what is the management fee or expense ratio for the GIFT feeder fund. What I want to understand is, is pricing better at a console level for the entity if money comes in from this route?
Underlying is same. Okay, understood. The other thing I wanted to understand is this year, industry flows from mainly households into active equity trending 2x of previous year? Now a lot of this is lump sum, I understand, b ut how should one think about growth in flows from here because markets have also cooled down. I wanted some understanding on that, how you are thinking or how the industry would think about this?
HDFC Life Insurance Company Limited
A couple of questions. Correct me where I'm missing the delta . Your Q oQ product mix has improved, but your margin has gone down. Your repricing impact is 30 -40 basis po ints on the non -par piece, so not able to tie that in , that's the first question. Second question is, is there any impact on the funnel for your annuity business due to changes in the government employee pension plans? That's it.
Understood. On the second one?
A couple of questions. Correct me where I'm missing the delta . Your Q oQ product mix has improved, but your margin has gone down. Your repricing impact is 30 -40 basis po ints on the non -par piece, so not able to tie that in , that's the first question. Second question is, is there any impact on the funnel for your annuity business due to changes in the government employee pension plans? That's it.
Understood. On the second one?