Yash Mehta

Thank you for the opportunity. Congratulations, Mr. Shah and the team on fantastic listing and the performance that h as been delivered. Sir, I have two questions. My first question is, despite your strong market power and position, you have a ctually not gone and renegotiated like blanket variabilization of your back book like some of the other AMCs have chosen to do.

Sir, the second qu estion is in terms of your operating profit margins, you obviously are industry leading at 37 odd bps. How should one think about, let us sa y, maintaining this operating profit yield or in terms of the internal KPIs that the board would have, would it be more driven at absolute operating profit growth, maintaining the yield, the ROE, just in terms of maximizing for a certain variable, what is…

And sir if I may ask a follow up to that, and good to listen to you Mr. Shah, would be the fact that the second po int that you mentioned is not a publicly disclosed figure, what does that number usually, what is the expect ation like a ballpark i s good enough?