ICICIAMC / Q3-FY26 / risks

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ICICI Prudential Asset Management Company · Material risks, their source context, and severity in the latest available quarter.

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PositiveQ3-FY26 · 2025-12-31Back to quarter ↗

Risk intelligence

Material risks this quarter

SEBI's proposed TER cut impact

SEBI's circular reducing total expense ratios may impact larger schemes; management is assessing the impact and potential pass-through to distributors.

medium

Operating leverage sustainability

Management declined to confirm whether operating leverage will continue, citing uncertainty in AUM growth trajectory.

medium

Competitive pressure on distributor payouts

Management acknowledged that distributor payout is reviewed quarterly and depends on market dynamics, indicating potential margin pressure.

medium