External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank 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

<ul><li>Margin Guidance Stays: In Q3/9MFY26, SBILIFE’s VNB margins stood at 26.6%/27.2%.</li><li>The management reiterated its guidance of maintaining VNB margins within the range of 26- 28% even in Q4.</li><li>The GST impact is structural in nature and will continue as long as business is written and commissions are paid; however, SBILIFE has been able to absorb this headwind through a combination of stronger product mix, improved distribution mix, and operating leverage. </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>

Margin Guidance Stays: In Q3/9MFY26, SBILIFE’s VNB margins stood at 26.6%/27.2%.The management reiterated its guidance of maintaining VNB margins within the range of 26- 28% even in Q4.The GST impact is structural in nature and will continue as long as business is written and commissions are paid; however, SBILIFE has been able to absorb this headwind through a combination of stronger product mix, improved distribution mix, and operating leverage. 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.

SBI Life Insurance Co Ltd - Strong Quarter; Business Momentum to Continue!