Nippon Life India Asset Management Limited CC-Jun24.pdf · 2024-07-19
Just following up on the previous participant's question in terms of the distribution in B30. So sir, if I see your distributed assets, I can see that over the last few quarters, your MFD share in the stock has kind of slipped by maybe 100 basis points, which has been taken up by the bank side. So I just wanted to understand why would that B30 growth be reflecting in the distributed asset mix? Are we reaching out to customers through the banking channel? What is happening? And secondly, as a ramification on our yields, because as banks see some increase in share in the mix and it being a higher-cost channel, is it also putting a slight pressure on the headline numbers that we are seeing, which we have been discussing that there has been a slight squeeze in that? So that is one. And thirdly, in terms of the flows, so I think the schemes that you have mentioned, I think the larger schemes continue to still -- while the flow is de- risked, but the larger schemes continue to see higher share of flow. Sir, any mitigation strategies which can result in the smaller schemes also maybe getting even more and more share, which can kind of help us maintain some stability in the yields? So these are my two questions.
Understood, sir. Very helpful. Is it possible to give some indication of how -- maybe to what yield level the flow shares are coming vis-a-vis that on the stock equity?