Edelweiss Asset Management Limited is a part of Investment & Advisory Line of Edelweiss Group. It is the fastest growing AMC in India which has delivered impressive returns for over a decade.
It offers one of the most popular investment opportunities in mutual funds, with proficient risk return spectrum across domestic as well as global assets classes. This includes a range of Equity Funds, Debt Funds, ELSS, etc. They also provide services in Alternative Investment Solutions, being the key players in that segment.
Ms. Radhika Gupta, CEO of Edelweiss Asset Management believes that “Ideas create wealth but Values protect it”. Under her leadership, the AMC has shown tremendous growth with net assets under management growing steadily each passing year.
How to Complete Your Mutual Fund eKYC
KYC (Know Your Customer) is a one-time customer identification process and a mandatory compliance requirement for investors who wish to invest in mutual funds. It has been made compulsory by the capital markets regulator SEBI (Securities and Exchange Board of India) for mutual fund investments in order to curb fraudulent activities.
The KYC Process can be initiated and completed with any of the following SEBI-registered intermediaries:
- The Fund House (Asset Management Companies)
- KYC Registration Agency (KRA) such as CAMS, Karvy, CSDL (Central Depository Services Limited) Ventures, NSDL (National Securities Depository Limited) and NSE-owned (National Stock Exchange) DotEx International Limited
To complete your Mutual Fund eKYC online, follow these steps, and you’ll be good to go:
Step 1: Visit the website of a fund house or any of the above-mentioned KRA’s website and create an investor account by filling in your personal details and your Aadhaar-linked mobile number so that you can verify the account using that OTP.
Step 2: Upload self-attested copies of your Identity Proof and Address Proof.
That’s all. Your eKYC process is done!
Documents Required for Mutual Fund Investment
Here is a list of official documents required to validate the identity and address of an investor:
1. Identity Proof
- Aadhaar Card
- PAN Card
- Driving License
2. Address Proof
- Aadhar Card
- Driving License
- Recent Utility Bill
- Rental/Lease Agreement
How to Invest in Mutual Funds via Paisabazaar.com?
Step 1: Go to Paisabazaar.com
Step 2: Select the ‘Mutual Fund’ option.
Step 3: If you are a registered user, login onto the platform using your mobile number and password/OTP. Or create a new account.
Step 4: Choose ‘Invest’ > ‘Explore All Funds’ on the left side bar.
Step 5: Select the Edelweiss Mutual Fund of your choice. Now, all the details of the fund including NAV, risk level, etc. will appear.
Step 6: Enter the amount you wish to invest, select the investment type – SIP or Lumpsum, and click on the ‘Confirm & add to cart’ option.
Step 7: You can complete the payment using net banking of major Indian banks.
The mutual fund units will be allotted to you within 5 working days.
Edelweiss Mutual Fund Managers
Mr. Kartik Soral
He is currently working as an Equity Fund Manager with Edelweiss Mutual Fund. Mr. Kartik Soral completed his B. Tech in Chemical Engineering from IT-BHU (Varanasi) and further added P.G.D.M. from IIM Ahmedabad one of the most premier institute for Management in India. Before joining Edelweiss Mutual Fund in Oct’13 he was associated with Larsen & Toubro Limited and was managing the subsidiary & associate investments and corporate fund raising for debt & equity. He also served Deutsche Bank & Tata Consultancy Services. He has countable experience in investment and fund management.
Mr. Bhavesh Jain
He completed his MMS in Finance from Mumbai University and currently working as Chief Fund Manager in Edelweiss Mutual Funds. Mr. Bhavesh working with Edelweiss Mutual Funds from more than 8 years on different profiles. He joined Edelweiss in October’08 as Associate after that he worked as Assistant Manager in Dealing Equity & Derivatives, Assistant Fund Manager and Fund Manager. He proved himself over the time and given his best always.
Mr. Bharat Lahoti
Currently working as a fund manager in Edelweiss Mutual Funds and have rich experience in Investments and Fund Management.
Mr. Swayam Mangwani
Mr. Swayam Mangwani is currently working as an Assistant Fund Manager of Fixed Income in Edelweiss Mutual Funds. Previously he was associated with ICICI Securities and prior to that he was working with RR Investors Capital Services Private Limited. He completed his studies from H.R. College of commerce and Economics.
Mr. Hiten Shah
Mr. Hiten Shah completed his Bachelors in Commerce Degree from KC College and added MBA in finance from LLIM. From than he is serving Edelweiss Mutual Funds and currently working as Senior Fund Manager.
Benefits of Investing in Mutual Funds
- Mutual Funds are considered safe investment options as they are regulated by SEBI which saves the Investor from any fraudulent activities by the mutual fund companies
- Dividends earned are tax free if the securities are hold for more than an year
- Mutual funds are considered to be liquid as most of the schemes are liquidated within 3 days and some of the liquid funds can be liquidated overnight
- Investing and redemption in Edelweiss Mutual Fund is very easy and hassle free task
- Portfolio maintained by the Edelweiss Mutual Funds is always maintained by averaging the risk and the return, investor can expect good rate of return by not compromising on the risk part
- Investor can also choose for Systematic Investment Planning by which he can save some part of his monthly income in the mutual funds and in long term can make more money for his future goals
- Edelweiss Mutual Funds believes in complete transparency and publishes the report timely and investor can view the portfolio anytime.
Frequently Asked Questions
Q. What is an Asset Management Company (AMC)?
A. AMC is an organisation which manages the pooled funds from numerous investors and invests them in various financial securities to generate returns.
Q. What is Net Asset Value (NAV)?
A. Net Asset Value measures the performance of an individual mutual fund scheme of an AMC. In essence, it is the market valuation of the securities the fund has invested in. So, the NAV per unit is derived from dividing the total market value of all the invested securities by total number of units issued. Since, the number of unit holders and valuation of securities change everyday, the NAV of a mutual fund also changes accordingly.
Q. What is Expense Ratio?
A. Expense Ratio refers to a small amount of fee charged by Asset Management Companies annually to manage investors’ assets. It covers the operating and managing cost incurred by the AMC. It is a percentage of the total assets invested by the investor.
Q. What is Entry Load?
A. When an investor purchases units of a mutual fund scheme for the first time, s/he is charged a small amount of processing fee by the Asset Management Company which is known as an Entry Load.
Q. What is Exit Load?
A. When investors redeem their investment from a mutual fund scheme, s/he is charged a small amount of processing fee which is known as an Exit Load. It is also charged when investors choose to switch between different mutual fund schemes of a specific AMC.