Raghvesh Sharan

Hi, sir. Thanks for the opportunity. So, I essentially wanted to double-click on the AIF PMS piece. So, so first a hygiene, so the entire thing except the offshore business comes under standalone?

And the PMS but it comes in the...

Okay. And at say around INR 60 odd crores of, you know, revenue in a quarter, I assume half of that would be going towards fee and commission expense. So, are we break even and what is the path to break even there if we are not? And for your view, when does it really become a signifi cant contributor to bottom line?