As of March 2017, the AUM for Edelweiss was Rs6,000 crore including the assets of JP Morgan AMC which it acquired in 2016. Kolkata: Edelweiss Mutual Fund is aiming at doubling the size of its assets under management (AUM) to Rs25,000-30,000 crore by FY19, a top official has said. As of March 2017, the AUM for Edelweiss was Rs6,000 crore including the assets of JP Morgan AMC which it acquired in 2016. “Inorganic growth will remain a ‘possibility’ but now onwards, bulk of growth will come organically,” Gupta said. Edelweiss is expected to come out with its maiden ‘opportunity fund’ in line with the mutual fund industry trend.

Source: Mint December 22, 2017 06:33 UTC