As on February 1, 2023, Edelweiss Mutual Fund, one of the leading mutual fund firms in India said that its assets under management (AUM) has crossed Rs 1 lakh crore. The company’s AUM has grown 11 times during the last five years, and its customer base has also grown significantly. As on January 31, 2023, there were over 11 lakh active folios and over ₹22,000 crore in equity AUM. In the last five years, the Equity AUM has grown by a multiple of 13 times. The company’s industry rating has moved up from 27th in 2017 to 13th in 2022, confirming its position as the Indian mutual fund house with the fastest growth rate during that period.
Radhika Gupta, MD & CEO, Edelweiss AMC said, “This is a significant milestone for us. Journey from nearly Rs.100 crore in FY14 1,000,000 in FY23 is one of persistence, innovation and belief. We are relentlessly focused on solving investor problems and will remain at the forefront of product innovation across categories. We are proud to be the fund house of choice for over a million investors and will continue to work hard to delight them. We believe that sustainable growth is built on solid foundations and a commitment to values, and our customers, partners and employees are our most valuable assets in this journey.”
The company has been a pioneer in launching a wide variety of innovative products, such as the Target Maturity Fund category with the introduction of the industry’s only IPO-focused fund, Bharat Bond ETF, International Fund of Funds and Unique Equity Index Funds. Edelweiss MF has substantially increased its distribution presence through association with MFDs, national distributors, wealth managers and online platforms. Its distinctive marketing strategy and strong online presence have also contributed to its growth, and its strong governance structure and risk management practices will ensure sustainability of this growth in the years to come, Edelweiss MF said in a statement.
Across all asset classes and product categories, Edelweiss MF has been a top pick for investors. The company holds a market share of around 50% in the passive debt fund segment and is among the top ten players in the fixed income category. Edelweiss MF offers funds in the equity sector that are niche and have a proven track record throughout. One of the AMCs with the strongest rate of growth in India is Edelweiss Mutual Fund, which offers investment options across stocks, hybrid, fixed income and options.
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