Exit load removal impact on backbook yields
The removal of 5 bps exit load benefit may compress backbook yields by 2-3 bps; full impact still unclear as some AMCs haven't communicated.
PRUDENTCORPORATEADVISORY / bear-case history
Track the concerns that keep returning.
Prudent Corporate Advisory · risk themes across the available quarters.
Research layer active
Bear-case history
Risks carried through the record.
medium
Market correction affecting other income and AUM
Q4 other income turned negative due to market correction; AUM declined 8.2% sequentially despite record net sales.
SIP momentum slowdown due to moderate returns
New SIP registrations have slowed and cancellations increased as one-year SIP returns remain moderate; sustained poor returns could impact flows.
Insurance yield rationalization from regulatory changes
Regulator is discussing commission rationalization in insurance, which could impact revenue growth in this segment.