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Edelweiss MF crossed the Rs. 1 lakh crore mark on February 1, 2023 and reported an 11-fold rise in its AUM over the last five years.
The fund house also reported total active folios of over 11 lakh and the equity AUM crossed Rs. 22,000 crores as on January 31, 2022. The equity AUM grew 13x over the last five years, said the fund house in a press release. Further, it also stated an improvement in its industry ranking from 27th in 2017 to 13th in 2022.
Commenting on the figures, Radhika Gupta, MD & CEO, Edelweiss MF said, “This is a significant milestone for us. The journey from around Rs. 100 crores in FY 14 to Rs 1,000,000 in FY 23 is one of persistence, innovation, and belief.”
She added, “We are relentlessly focused on solving investor problems and will remain at the forefront of product innovation across all 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 recognise 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."
