An asset management company offers bond schemes, mutual fund schemes, and other ways to invest your savings. Aditya Birla Sun Life, HDFC, ICICI Prudential, Kotak Mahindra, and Tata are popular assets management companies in India. Edelweiss is a prominent name in this list, which offers Edelweiss mutual funds in different risk profiles.
If you wish to invest, but don’t want to be entirely conservative in your investment approach, then mutual funds offered by asset management companies are a great way to start your investment journey. Mutual funds let you invest in all kinds of risk approaches, and an investor can pick a fund as per their risk appetite and income.
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Who owns Edelweiss Mutual Fund?
Edelweiss mutual fund is a product of Asset Management Company of the same name. This AMC is a subsidiary of Edelweiss Financial Services Ltd, which is a part of Edelweiss Group. This AMC provides schemes of equity, fixed income, ETFs, and International nature.
The Edelweiss Group was founded in 1995 by Rashesh Shah
and Venkatachalam Ramaswamy, two professionals with a combined six decades of experience in the financial world. The Indian endeavor started with advisory and investment banking roles has expanded to offer all financial solutions under one roof.
Edelweiss offers general and life insurance, investment, asset and wealth management, mortgage loans and investment banking, and the prominent Edelweiss mutual fund.
How To Invest In Edelweiss Mutual Fund?
Before you start investing in Edelweiss Large Cap Fund, Liquid Fund, Tax Advantage Fund, or any other fund managed by any AMC as per your preference, you follow these steps:
KYC Compliance
KYC is shortened form of Know Your Customer. It is necessary to verify your identity and prevent banks from falling prey to money laundering or any such act. You will need a:
- PAN card copy
- Address Proof such as Aadhar card, driving license, etc.
- Canceled Cheque (account for investment/ withdrawal)
- Passport size photograph
One can even get it done online through any SEBI registered intermediatory such as a mutual fund house, online platform, or distributor. With the eKYC, you can start investing in the Edelweiss mutual fund or any other fund of your choice.
Edelweiss MF login is also easy if you plan to get your KYC done from their mutual fund house.
Register and login
One can invest in Edelweiss mutual funds through online brokers like Groww, Upstox, Paytm money, etc. The second option is to register and login on to the fund house website. For Edelweiss mutual fund login, you will need to register first with details like your name, e-mail, PAN, and mobile number. However, be it any platform of your preference for your investment, you first have to register with them.
Providing Personal Details
Next, you need to provide personal details such as income, profession, nationality, etc. Know the terms and conditions mentioned below and move to the next step.
Fill in the bank details.
Now you will be asked for bank details. The account details you provide are for SIP or payment deductions and redemption of your investments. You have to fill:
- Account number
- Type of account
- IFSC code
- and other such bank-related details.
After this, confirm the details.
Your investment details
Assuming that you have done proper research regarding investment options, risk appetite, income stability, future prospectus, age, etc. the next step after registration and Edelweiss MF login with details, you can simply start investing.
You will now choose the type of investment, scheme (One AMC offers many kinds of schemes depending upon risk appetite), investment plan, SIP( systematic investment plan). When choosing an investment type, you can pick between two options: Lumpsum or SIP. In lumpsum, you invest a certain amount (every scheme has a minimum investment limit) at once for a certain period (1 yr, 3 yr, 5 yr, or any other limit). In SIP you choose a smaller amount to pay per month (starts as low as ₹ 100) for some time.
While choosing a scheme and plan in Edelweiss mutual fund or anywhere else, you inform whether you are investing through an agent/ distributor or not. While choosing a scheme you pick your option from equity, hybrid, debt, index, fixed, or any other fund option as per your risk level.
Time to pay
This is the final stage of your investment. If you have picked the SIP plan, you will get the SIP registration reference number that you provide the bank for the first them. Thereafter you receive a notification informing you of SIP deduction every month 2-3 days before your SIP due date. The units are assigned 2-3 days after (excluding business days and holidays) your Lumpsum or SIP payment.
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Is it good to invest in Edelweiss Mutual Fund?
Edelweiss Mutual funds started operations in 2008, making it one of the youngest Indian mutual fund houses and also among the most daring players because it started operations during the global crisis and financial turmoil around the world.
Upon Edelweiss MF login, you will their schemes that are competing with schemes from one of the oldest market players like TATA, SBI, and UTI. However, two broad factors determine whether a mutual fund scheme is good for your investment or not.
- The fund house: If a fund house has a good track record for years, has stayed away from controversies, has vast experience, has invested in the shares of growth promising companies, has good fund managers, and has different schemes as per different risk profiles, etc. you can consider it a trustworthy fund house.
- The risk profile: Top fund managers, AUM corpus, past performance, peer advantage returns, XIRR, minimum SIP, risk category, exit load, top holdings, etc. determine the quality of a scheme.
Even though Edelweiss is a relatively young fund house, it does offer schemes that have registered praiseworthy growth. Their performance has been pretty good despite ups and downs in the market. But there are more reliable options available in the market. We picked their top 5 schemes from different categories:
| Fund
| Risk Profile |
| Small Cap Fund Direct-Growth
| Very High Risk |
| Long Term Equity Fund (Tax Saving) Direct-Growth
| Very High Risk |
| Equity Savings Fund Direct-Growth
| Moderate Risk |
| Government Securities Fund Direct-Growth
| Low Risk |
| Balanced Advantage Fund Direct-Growth
| High-Risk Fund |
How do I withdraw money from my Edelweiss Mutual Fund?
With a click of a button, you can invest your money from Edelweiss mutual fund anytime. However, make sure to check the exit load, tax implication, and other limits before the withdrawal. You will receive your investment on the 3rd day (business days only).
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Conclusion
Edelweiss mutual fund login is easy, and so is the investment in Edelweiss Large Cap Fund or any other Edelweiss mutual fund. It offers several very high-risk schemes with diversified investment to give you maximum returns. It also provides moderate or low-risk options. These are suitable for those with less income or looking for stable returns.
However, before investing, make sure you compare the options with the similar options offered by other AMC to pick the best choice. Educating yourself before investing in stocks, mutual funds, debt funds, retirement plans, etc. is integral to getting the best out of the investment.
Disclaimer: Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully before investing.
