Pune: Edelweiss Asset Management Ltd., a part of Edelweiss Group, in line with its expansion of the asset management business, has today inaugurated its first branch office in Pune at Sunit Capital, 4th floor 402, B-50, Vetalbaba chowk, Above Mahalaxmi Maruti showroom, Senapati Bapat Road, Shivajinagar, Pune 411016.
Commenting on the occasion, Ms. Radhika Gupta, CEO, Edelweiss Asset Management Company Ltd. said, “This move is a part of our geographic expansion strategy for the AMC business. We are very excited for the possibilities arising in this region, as this is our first office in Pune and we are sure to expand further in this region. The branch will enable us to respond better to the investment needs of our growing advisor and customer base in the region. I am sure that our suite of differentiated asset management products, unique knowledge proposition, and customer focused culture will help us build a strong connect with advisors and customers in this region.”
Edelweiss Mutual Fund, today has a wide bouquet of true to label funds across the risk return spectrum – long only equities, hybrid funds and fixed income, and has been one of the fastest growing AMCs over the last few quarters. The assets under management (AUM) currently stands at approximately over ₹ 10,700 crores and have grown by 57 % as on 31st December, 2017.
Mr. Seemant Shukla, Head of Sales and Business Development, Edelweiss Asset Management Company Ltd. said during the branch launch “As one of the primary economic centres of the country, Pune is an important and vibrant market. In fact, it contributes a considerably higher percentage towards mutual funds compared to the All India Deposit base. Dedicated to creating products that are tailor made for its customers, Edelweiss AMC will stay committed to enhancing its Pune footprint via its differentiated and innovative offerings”.
With the launch of this new branch, Edelweiss Asset Management Ltd will expand its presence to 12 branches across India.