• TER regulatory impact: The GST change is revenue-neutral for GST-compliant players, while the removal of the 5 basis points exit load will impact the ₹1.2 lakh crore existing book by 2 to 3 basis points. Non-GST registered competitors face a 15% to 20% revenue drop, which is expected to drive market consolidation toward organized platforms.
• Branch network expansion: Prudent plans to add 30 to 32 branches to its current footprint of roughly 140 branches this year, representing an approximate 20% expansion focused on Tier 2 and Tier 3 cities.
• Revenue growth outlook: Backed by an SIP book of ₹1,200 crore, management targets ₹14,000 to ₹15,000 crore in net sales and 20% to 22% revenue growth in mutual funds, with insurance expected to remain a significant growth driver.
• P2P lending exit: The company has discontinued its P2P "Liquid Loan" product following RBI regulatory changes that made the business model unsustainable. The product's peak book of ₹650 crore has run down to ₹10 to ₹15 crore and is expected to hit zero AUM within two months.