Breaking News

Edelweiss Strengthens its Presence in Punjab & Haryana

Inaugurated Edelweiss Asset Management Limited’s first branch in Chandigarh

Chandigarh, May 19, 2017: Edelweiss Asset Management Ltd., a part of Edelweiss Group, in line with its business expansion plan, has opened its new branch office in Chandigarh and 9th branch Pan India. The branch aims to offer enriched opportunities to customers in and around Punjab. The branch will be located at Edelweiss Asset Management Ltd, 2nd Floor, Meeting Point, SCO 487-488, Sector 35-C, Chandigarh- 160035.

Edelweiss Mutual Fund through its wide bouquet of offerings focuses on providing products across the risk return spectrum, which has made it a forerunner amongst its investors as investment solution provider. The assets under management (AUM) stand at approximately ₹7,200 crores as on 30th April, 2017.

Speaking on the occasion, Ms. Radhika Gupta, CEO, Edelweiss Asset Management Ltd. said, “This move is a part of our geographic expansion strategy. We are very excited for the possibilities arising in this region, as this is our first office in Chandigarh and third office in north India. The branch will enable us to respond better to the investment needs of our growing customer base in the region. I am assured that our suite of innovative products, strong customer focused culture and high quality investment philosophy will help us meet the customers’ expectations.”

Mr. Seemant Shukla, Head of Sales and Business Development, said. “With the opening of this branch we want to establish our franchisee in this growing market. Chandigarh is one of the key economic centres in north India and hence we want to tap the potential of this market through our differentiated client centric offerings”.

Edelweiss Strengthens its Presence in Punjab & Haryana

Edelweiss Strengthens its Presence in Punjab & Haryana

With the opening of this new branch, Edelweiss Asset Management Ltd. will expand its presence to 9 branches across India. Nationally, Edelweiss Asset Management Ltd supported by more than 4,100 Distributors Empanelment.  In last few years Edelweiss AMC has doubled their branch presence across India.

About Edelweiss Asset Management Limited (EAML):
EAML is among the fastest growing asset management companies, being an asset management subsidiary of Edelweiss Financial Services Ltd., one of India’s leading financial services group since last 21 years with a proven track record of quality and innovation.
Statutory Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

About Edelweiss Financial Services:
The Edelweiss Group is one of India's leading diversified financial services company providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss's products and services span multiple asset classes and consumer segments across domestic and global geographies. Its businesses are broadly divided into Credit Business (Corporate Credit comprises of Structured Collateralised Credit to Corporates, Wholesale Mortgage and Distressed Credit. Retail Credit comprises of housing finance, loan against property, LAS, SME and Agri Finance, and Rural Finance), Franchise Business (Wealth Management, Asset Management and Capital Markets,) and Life Insurance. The Balance Sheet Management Unit operations manage the liquidity and Balance Sheet. Edelweiss has an asset base of ~INR 38,700 crore with revenue of INR 6,634 crore and net profit of INR 609 crore for FY17. Its consistent performance is evidenced by a consolidated PAT CAGR of 36% over last 20 quarters.
The group’s research driven approach and proven history of innovation has enabled it to foster strong relationships across all client segments. The group has sizeable presence in large retail segment through its businesses such as Life Insurance, Housing Finance, Mutual Fund and Retail Financial Markets. It serves over 1Mn strong client base through 6,972 employees based out of 277 offices (including international offices) in 127 cities. Together with strong network of Sub-Brokers and Authorized Persons, Edelweiss group has presence across all major cities in India.
Edelweiss Financial Services trades under the symbols NSE: EDELWEISS, BSE: 532922, Bloomberg: EDEL.IN, Reuters: EDEL.BO. Edelweiss stock is covered by sell side research analysts of Ventura Securities, Monarch Networth Stockbroking, First Call, Aditya Birla Money and Maybank Kim Eng Securities.