External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

ICICI Prudential Life Insurance / Equity Bottom-Up

ICICI Prudential Life Insurance (IPRU IN)

<ul><li>ICICI Prudential Life: IPRU clocked muted APE growth (+5% YoY) and a 20% YoY VNB de-growth</li><li>The steep collapse in VNBM to 24.6% (-738bps YoY) was driven by inferior unit economics from IPRU’s recalibration of its product design during Q3FY24, and a ULIP-dominated mix</li><li>IPRU’s investments in channel diversification helped offset de-growth in the proprietary banca channel (-4% YoY)</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

ICICI Prudential Life: IPRU clocked muted APE growth (+5% YoY) and a 20% YoY VNB de-growthThe steep collapse in VNBM to 24.6% (-738bps YoY) was driven by inferior unit economics from IPRU’s recalibration of its product design during Q3FY24, and a ULIP-dominated mixIPRU’s investments in channel diversification helped offset de-growth in the proprietary banca channel (-4% YoY)Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ICICI Prudential Life - Growth Dial-Up Continues to Take a Toll on Profitability