Born in the midst of global financial crisis, Edelweiss Mutual Fund was burdened with a complex market environment even before it could start crawling. The fund house is an important fiduciary business of the Edelweiss Group, that has wide interests in the financial services space with presence in investment banking, broking and insurance business. It also aspires to be a bank.
Two years ago, this AMC had plans to launch differentiated products that would have offered exposure to a wide variety of investment class and risk-managed products. But so far, there is little to suggest progress towards such goals even at a time when regulatory changes offer a scope to change. It has products across both equity and debt, but none reflect anything spectacular or outstanding.