Aditya Birla Sun Management Guidance Tracker

7 forward-looking guidance items tracked across 2 quarters.

Margins

Q3 FY26Minimal impact from SEBI TERO circular on yieldsActive

Management expects the regulatory change to have a very limited impact on overall yields, with marginal reduction offset by scale and product mix.

Q4 FY26Regulatory impact neutralizationActive

Management expects to offset the 5 bps total expense ratio cut through cost optimization and distributor commission adjustments, aiming for a neutral impact on profitability.

Other

Q3 FY26ESOP cost to recur for three more quartersActive

The ESOP cost of ~4.66 crore per quarter from the parent company scheme will continue for the next three quarters.

Q4 FY26ESOP expense increase of ₹8-10 crore per quarterActive

Employee stock option expenses will increase by approximately ₹8-10 crore per quarter in FY27 due to a new employee scheme launched in Q4.

Expansion

Q3 FY26Launch of hybrid fund under new tax regime in FebruaryActive

The company plans to launch an equity taxation hybrid fund in February 2026, pending regulatory approval.

Q3 FY26GIFT City subsidiary operational by quarter-endActive

The newly incorporated subsidiary in GIFT City is expected to secure regulatory approvals and become operational before the current quarter ends.

Q4 FY26Launch of ABSL Global Emerging Market Fund via GIFT CityTracked

Plans to launch an open-ended global emerging market fund through the GIFT City subsidiary, targeting offshore investors.