Questions across 6 calls

Shreya Shivani

CLSA India

HDFC Asset Management Company Limited

HDFC Asset Management Company Limited CC-Dec24.pdf · 2025-01-14

Hi. Thank you for the opportunity. So, I have two questions. First is on this regulation change which happened in December. So , SEBI said that in NFOs, when the switch transaction, the distributors would now get lower commission versus earlier the trend of them taking the higher bit. So, can you help us understand what exactly is going on there and what is the impact on us in our NFOs, what part of it was just simply coming through switch, etcetera? That's my first question. And sir my second question is, probably I just want to understand the tax rate a little better, because last time was an anomaly, and I understand that you had explained it very well. But going ahead, how should we look at it? What are the factors which move s it around? If you could help us understand, why would it come at 23.6% this quarter versus, say, 25% in some other quarters? If you can help me understand that would be useful? Thank you.

Got it. So , it's basically the mark -to-market gains, which basic ally moves your tax rate around that 25%. And that's the anomaly that could come through, right?

HDFC Asset Management Company Limited CC-Sep24.pdf · 2024-10-15

I have two questions. First is on the tax, sorry if I missed it, but the June quarter's extra deferred tax liability, we've accounted for that in 2Q itself. So , is it fair to say 3Q, 4Q onwards, we will only have a steady-state tax rate and there will be no one -off due to this budget changes that has happened? First is that. And sir, second on the equity segment on the inflows. If you can give us some idea on what kind of net inflows have you seen in your equity book? How much of that has come from SIP? Some color around that would be useful.

Yes.

HDFC Asset Management Company Limited CC-Jun24.pdf · 2024-07-15

Hi. Thank you for the opportunity. Most of my questions have been answered. I just wanted one -- that clarification on the tax bi t. Is this -- I am probably not able to understand this better but is this going to be on an ongoing basis or is something that has happened in the past two quarters because of the move from short -term to long -term assets? I mean, if you could help us understand that better and how should we look towards the coming quarters on that matter?

Got it. So, it is probably something which impacts you in your quarter end, some quarter end, right? Not something which normalizes over the year is what you are saying.

HDFC Asset Management Company Limited CC-Mar24.pdf · 2024-04-19

Most of my questions have been answered. I just want one clarification and probably your guidance on the debt AUM. So , you've mentioned in the previous few call s about leaving aside the debt index fund that your market share has been stable. What I can gather is from the monthly numbers that have come out, that the market share on annual basis between March '23 to, say, February '24, or Mar ch '24 has also largely been stable. So , any outlook on how should we look at this segment going ahead? Would it be a more stable segment in terms of market share? Or any strategy, anything that you can help you understand the segment.

Got it, sir. And while you mentioned about the net outflows from the industry, I think a couple of months in the last year, Jan -Feb and probably November as well, there was a positive inflow in that segment, right? I mean has that -- that is a general -- I mean, should we count it as something that going ahead, this would be a positive time or a greenshoot? Or is it just a one-off month?

CREDITACCESS GRAMEEN LIMITED

CREDITACCESS GRAMEEN LIMITED CC-Sep24.pdf · 2024-10-25

I just wanted two questions. First, I am not sure if you have already shared this, but this 15.3% that you have shared the CREDAG +4 borrowers, as of Aug -24, what would that number be , say, a year ago or any like year ago, year-and-a-half ago, that will be useful. And second, I wanted to understand that you spoke about, you split your branches into stable, non-stable, etc. So, is 70% of your branches that data that you shared out, does that mean that those are stable, and the group meetings are continuing over there and the rest 30%, there is some disruption in the group meetings? I just wanted to understand details of that 70% data that you were speaking about earlier.

And these customer centers , which are under stress, obviously the bigger chunks would be coming from the state of Bihar for you, right?

Star Health and Allied Insurance Company Limited

Star Health and Allied Insurance Company Limited CC-Dec23.pdf · 2024-01-31

I have two questions. It is on the seasonal diseases and the impact which dragged second quarter margins. How many months of third quarter did that persist? And what about COVID cases? Where should we expect the loss ratios of fourth quarter to be ? Or should we expect some one-offs in fourth quarter as well because of COVID? And what would be your guidance be for the next two years on loss ratio? Second is on the Health Insurance policy that you are selling via Banca channel, so now Banca is only a 5% of your channel mix, where do you expect in the coming two years Banca channel to grow to? What mix would it become? And is the loss ratio trend any different in the Banca channel versus your agency channel?

The COVID cases?