NAM-INDIA - NIPPON LIFE INDIA ASSET MANAGEMENT LIMITED Share Price

Prayesh Jain: "On the regulatory change, the consultation paper, what are your thoughts as to what could be the impact if it is implemented as it is?"

Sundeep Sikka: "The recent consultation paper aims to enhance regulatory clarity and investor protection, while easing compliance. We're still assessing its financial impact since it was released just days ago. Though there may be some impact, we believe it won't be as damaging as initially thought."

Prayesh Jain: "The second question was on the SIF category. What are your thoughts and plans for this segment?"

Sundeep Sikka: "We've established a team for SIF and are slowly launching our funds. We're optimistic about this category's potential growth, as demand is inherent. We're approaching it cautiously to ensure a strong foundation."

Prayesh Jain: "What are the yields for the categories: equity, hybrid, equity debt, and liquid?"

Parag Joglekar: "Equity yield is 54 bps, debt is 25 bps, liquid is 12 bps, and ETF overall is 17 bps. The average yield on overall assets is 36 bps, which remains similar to the last quarter."

Divij Punjabi: "Can you help us understand the 9.4% QoQ increase in other expenses?"

Parag Joglekar: "The increase is due to branding exercises and investments in technology. Additionally, we incurred maintenance charges for new offices, contributing to the expenses."

Divij Punjabi: "What's the outlook for the debt segment and its growth?"

Saugata Chatterjee: "We're seeing positive inflows across fixed income products, including short-term and long-term. As interest rates show a slightly positive outlook, we expect continued growth in this segment."

Harsh Gupta Madhusudan: "Is it possible for India to see futures and options on ETFs? What's the constraint?"

Sundeep Sikka: "Currently, regulatory restrictions prevent us from offering such products. However, innovations in SIF may include these options. The ETF market is still mainly vanilla products."

Kushagra Goel: "What's the growth outlook for non-MF AUM, and how about the yields?"

Parag Joglekar: "We aim to grow non-MF businesses through our AIF subsidiary and offshore AUM. They're small now but we plan for significant growth. Yields vary greatly; some are around 60 bps, others about 120 bps."

Meghna Luthra: "Is the gold ETF yield the same as other ETFs?"

Parag Joglekar: "The gold ETF yield is higher than the average ETF yield of 17 bps."

Meghna Luthra: "What proportion of our SIP sourcing comes from fintech?"

Sundeep Sikka: "Approximately 25% of our SIP value is sourced through fintech."

Prayesh Jain: "What should we consider for the ESOP run rate moving forward?"

Parag Joglekar: "We expect a total ESOP spend of around INR 40-43 crores, with about INR 18-19 crores incurred in the first half. Next year, it should be around INR 26 crores."