Market volatility impacting AUM and flows
Persistent equity market volatility and FII outflows could pressure AUM growth and lead to higher SIP cancellations, as seen in Q4.
ADITYABIRLASUNLIFEAMC / bear-case history
Track the concerns that keep returning.
Aditya Birla Sun · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
high
Regulatory impact on margins
The 5 bps total expense ratio cut effective April 2026 could compress margins if cost optimization measures fall short.
SIP cancellation rate increase
SIP cancellations rose during the volatile quarter, and if sustained, could slow AUM growth despite strong new registrations.