Edelweiss Mutual Fund, managed by Edelweiss Asset Management Limited, is one of the youngest and most dynamic mutual fund houses in the country. The parent company, Edelweiss Financial Services Ltd. is in control of the entire group of companies.
Edelweiss Financial Services commenced its operations in 1996 and has been a key driver of the Indian financial sector ever since. It got the license to deal in mutual funds in 2008, amongst the global economic slowdown. Despite the odds stacked against them, they set up Edelweiss Asset Management Ltd. (EAML) and launched mutual funds in a market that was showing no signs of picking up.
However, with their brilliant investment strategy and a broad portfolio of funds, Edelweiss Mutual Funds soon picked up the pace and has been growing at a brisk pace ever since. Apart from mutual funds, EAML also deals in Alternative Investments.
Currently, EAMC offers a portfolio of 84 funds to its investors. Their total Assets Under Management (AuM) stands at Rs. 78642.32 Crore, making them one of the largest AMCs in India. The AMC has branches at 11 locations across the country.
The primary aim of the AMC is to present its investors with the broadest range of investment products and the necessary customer support to maximise wealth creation. Broadly speaking, there are three types of funds that you can invest in through EAML- Equity, Debt and Liquid.
Unlike traditional AMCs, EAML relies on innovation and an unconventional approach to investing. As a result, EAML is considered one of the most tech-friendly investment houses in the country, arguably the only one that focuses extensively on the digital experience of their clients.
Edelweiss Asset Management Limited is sponsored and managed by Edelweiss Financial Services Limited, an Indian conglomerate operating in the financial services sector of the country since 1996.
The company started as a tailored investment bank, specialising in mergers & acquisitions, private equity syndication and similar advisory services. It soon spread its wings to other areas of finance, offering its clients a broad range of financial products and services cutting across asset classes and consumer segments, both locally and on a global scale.
The next stage of development came when they acquired the license of being a merchant bank at the turn of the millennium. At this point, they focused on helping start-ups raise capital through the non-IPO mediums such as Private Equity Funds and Venture Capital.
The growth of the company continued unabated in the following decade. They added the Non-banking Financial Company and Institutional Broking to their portfolio of services. They followed it up by setting the Edelweiss Global Wealth Management in 2007, the Indian extension of which is Edelweiss Asset Management Limited.
Edelweiss strongly associates itself with corporate social responsibilities. They gave it a formal stance by establishing the EdelGive Foundation, a charitable organisation focussed on the livelihood and education of the underprivileged.
The growth trajectory of Edelweiss followed the same path going into the second decade of the 21st century, as they acquired Anagram Capital in 2010. The following year, they expanded to the Japanese market by entering into a joint venture with Tokio Marine, a Japanese insurance company.
Their landmark deal came in the year 2016 when they acquired the entire fund portfolio of JP Morgan Asset Management India.