Edelweiss Financial Services Limited (EFSL) has announced the launch of a public issue of secured, redeemable non-convertible debentures (NCDs) worth up to ₹3,000 million. The issue consists of a base size of ₹1,500 million with a green-shoe option to retain an additional ₹1,500 million. The NCDs will be offered in 10 series with fixed coupon rates and tenures ranging from 24 to 120 months. Investors can choose from annual, monthly, or cumulative interest options, with effective annual yields between 9% and 10.25%.

The subscription window for the issue will open on September 24, 2025, and close on October 8, 2025. Allotments will be made on a first-come-first-serve basis, with proportionate allocation in case of oversubscription. At least 75% of the proceeds from the issue will be used for repayment or prepayment of interest and principal on existing borrowings, while the remainder will go towards general corporate purposes.

The NCDs have been rated “Crisil A+/Stable” by Crisil Ratings Limited, indicating adequate safety of timely payment of financial obligations. The lead managers to the issue are Trust Investment Advisors Pvt. Ltd., Nuvama Wealth Management Ltd., and Tipsons Consultancy Services Pvt. Ltd. The debentures will be listed on BSE Limited to ensure liquidity for investors.

The company stated that the issue represents a part of its strategy to optimize borrowing costs while providing investors with stable, long-term returns in a regulated environment. The NCDs offer a face value of ₹1,000 each, and investors can benefit from the fixed coupon rates and flexible interest payment options. With a strong credit rating and a reputable lead management team, the issue is expected to attract investors looking for stable and secure investment opportunities.

Overall, the public issue of NCDs by Edelweiss Financial Services Limited offers a unique investment opportunity for those seeking stable and long-term returns. The issue’s flexible tenure and interest payment options, combined with its strong credit rating, make it an attractive option for investors. The company’s strategy to optimize borrowing costs while providing investors with stable returns is expected to benefit both the company and its investors.

Edelweiss Asset Management Company (Edelweiss AMC) has partnered with Snowflake to modernize its data architecture, leveraging Snowflake’s AI Data Cloud to improve risk management, security, and regulatory reporting. Prior to this partnership, Edelweiss AMC was using legacy databases and fragmented data silos, which led to reporting delays and slow integration of new data sources.

With Snowflake, Edelweiss AMC has unified its data into a single, cloud-native environment, enabling the company to manage larger data volumes and complex workloads with speed and efficiency. This has provided Edelweiss AMC with a more unified view of customer behavior and needs, allowing teams to respond dynamically and deliver personalized investor experiences.

The company plans to leverage Snowflake’s integrated AI features, such as Cortex AI and Snowpark ML, to embed intelligence directly into business processes and automate workflows. According to Suraj Prakash, Chief Technology Officer at Edelweiss AMC, migrating to Snowflake has been a transformative step, providing a secure, unified, and scalable platform that has significantly boosted the team’s agility and productivity.

In the future, Edelweiss AMC plans to use Snowflake’s AI Data Cloud as the foundation for its future AI and machine learning innovations. The company aims to build predictive models to forecast fund flow, optimize liquidity planning, and improve risk management by analyzing historical transactions and market trends. This will also enable the creation of personalized recommendation engines to enhance customer engagement and cross-sell opportunities.

Overall, the partnership with Snowflake has enabled Edelweiss AMC to modernize its data architecture, improve risk management and regulatory reporting, and enhance customer experiences. The company is well-positioned to leverage Snowflake’s AI Data Cloud to drive future innovations and growth, and to remain competitive in the asset management industry. With Snowflake, Edelweiss AMC can focus on personalized investment planning, fortify partnerships, and reduce costs, ultimately driving business success and customer satisfaction.

Edelweiss Mutual Fund has launched a new investment strategy, the Altiva Hybrid Long-Short Fund, under its Specialised Investment Fund (SIF) platform. The fund aims to deliver consistent, income-oriented returns through a combination of equity arbitrage, high-quality fixed income, and selective opportunities in special situations in equity markets. The new fund offer (NFO) will be open for subscription from October 1 to October 15.

The Altiva Hybrid Long-Short Fund is an interval investment strategy that combines multiple approaches to generate smoother outcomes regardless of the overall market direction. The fund will allocate 25-75% in equity and equity-related instruments, 25-75% in debt and money market instruments, and up to 25% in short exposure through unhedged derivative positions. The investment strategy will also seek to capitalize on special situations such as IPOs, buybacks, and mergers.

Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, stated that the fund is designed to adapt across market cycles, aiming to generate stable, income-oriented, and tax-efficient returns. The fund is positioned as an interval investment strategy with daily subscriptions and redemptions available twice a week. The minimum application amount is Rs 10 lakh, and the fund allows for taxation efficiency, with long-term capital gains taxed at 12.5% beyond a 24-month holding period.

The Altiva Hybrid Long-Short Fund is managed by a team of experienced fund managers, including Bhavesh Jain, Bharat Lahoti, Dhawal Dalal, and Amit Vora. The fund’s performance will be benchmarked against the NIFTY 50 Hybrid Composite Debt 15:85 Index. The primary objective of the investment strategy is to generate capital appreciation through equity and equity-related instruments and income through arbitrage, derivatives strategies, special situations, and fixed income investments.

The launch of the Altiva Hybrid Long-Short Fund is part of Edelweiss Mutual Fund’s efforts to create innovative investment solutions that address investor needs and add value to their portfolios. The fund house believes that the SIF category has tremendous potential and will leverage its investment team’s experience to offer differentiated investment solutions. With the launch of Altiva SIF, Edelweiss AMC aims to offer a range of investment solutions across equity, hybrid, and fixed income categories, catering to evolving investor needs.

Edelweiss Asset Management Company Ltd., one of India’s fastest-growing mutual fund companies, has partnered with Snowflake to modernize its data infrastructure using Snowflake’s AI Data Cloud. This transformation has boosted operational agility, enhanced investor experience, and reduced costs. With Snowflake’s cloud-native infrastructure, Edelweiss AMC has achieved significant cost savings, reducing its data warehousing spending by 50%. The company has unified its data into a single environment, enabling it to manage larger data volumes and complex workloads with speed and efficiency.

The partnership has also improved operational efficiency, with End-of-Day processing reduced to under 2 hours from 8 hours, and management information system reports now available 5 hours before business hours. The separation of compute and storage has provided consistent performance during peak usage, enhancing system responsiveness and enabling the business to focus on innovation. Edelweiss AMC has also gained a more unified view of customer behavior and needs, enabling teams to respond dynamically and deliver personalized investor experiences with faster service.

Snowflake’s robust security, governance, and compliance features have enabled Edelweiss AMC to meet stringent local and global regulatory standards while reducing operational complexity and cost. The company has implemented column-level encryption with its own encryption managed keys, ensuring that sensitive data is encrypted at the source and accessible only to authorized personnel. This secure environment allows near-real-time data sharing and collaboration with partners, speeding up coordination across areas like supply chains and marketing.

Edelweiss AMC plans to leverage Snowflake’s integrated AI features, such as Cortex AI, large language model support, and Snowpark ML, to embed intelligence directly into business processes, automating workflows and unlocking deeper, more powerful insights. The company also plans to use Snowflake’s AI Data Cloud as the foundation for its future AI and machine learning innovations, including building predictive models to forecast fund flow, optimize liquidity planning, and improve risk management. By analyzing historical transactions and market trends, Edelweiss AMC aims to create personalized recommendation engines to enhance customer engagement and cross-sell opportunities.

The partnership has been praised by both Edelweiss AMC and Snowflake, with Suraj Prakash, Chief Technology Officer, Edelweiss AMC, stating that migrating to Snowflake has been a transformative step for the company, providing a secure, unified, and scalable platform foundational to its data and AI strategy. Vijayant Rai, Managing Director—India, Snowflake, expressed pride in enabling Edelweiss AMC to create a modern investor experience backed by an intelligent data foundation, and is excited to support the company in setting a new industry benchmark in the AMC market.

Edelweiss, a Swiss leisure airline and member of the Lufthansa Group, is set to expand its short-haul fleet with the addition of five Airbus A320neo aircraft in 2027 and 2028. These aircraft, currently operated by Austrian Airlines, will replace Edelweiss’ oldest Airbus A320s and support fleet expansion. The three oldest aircraft, which have been in service for 26 years, will be replaced by the more advanced A320neo models, while the remaining two will increase Edelweiss’ short-haul fleet to a total of 18 aircraft.

This move is part of Edelweiss’ fleet modernization efforts, aimed at ensuring a younger, more efficient, and environmentally conscious fleet. The Airbus A320neo is renowned for its cutting-edge technology, featuring Pratt & Whitney engines that deliver superior fuel efficiency and reduced noise levels. The aircraft’s enhanced aerodynamics, including wingtip sharklets, minimize drag, enabling longer ranges and more economical flight profiles.

The addition of these aircraft will enable Edelweiss to operate efficiently at airports with shorter runways or in high-temperature regions, ensuring consistent performance across diverse operational environments. Passengers will also benefit from a modernized cabin experience, with ergonomic seating, increased storage space, and a quieter inflight environment.

This investment enhances Edelweiss’ ability to adapt to evolving market demands while maintaining its reputation for reliability and customer satisfaction. The A320neo’s fuel-efficient design aligns with Edelweiss’ commitment to sustainable aviation, reducing carbon emissions and supporting environmentally responsible growth.

The expansion and modernization of Edelweiss’ fleet positions the airline to thrive in a competitive market. By leveraging advanced technology and prioritizing passenger experience, Edelweiss is well-equipped to maintain its leadership at Zurich and expand its reach across its leisure-focused route network. The airline’s forward-thinking strategy ensures it remains a preferred choice for travelers while contributing to a more sustainable future for aviation.

Overall, the addition of the five Airbus A320neo aircraft is a significant step forward for Edelweiss, enabling the airline to enhance its operational efficiency, reduce its environmental impact, and improve the passenger experience. With its modernized fleet, Edelweiss is poised to maintain its position as a leading commercial operator at its Zurich hub and continue to grow and expand its services in the years to come.

The notion of what constitutes the “middle class” in India has sparked a heated debate, with many questioning whether an annual income of ₹70 lakh still falls within this category. According to the CEO of Edelweiss Mutual Fund, the answer is a resounding no, claiming that ₹70 lakh is, in fact, an upper-class income. She argues that the technical definition of middle class cannot be applied to such a high income, and that many Indians who earn in the top percentiles still identify as middle class due to their upbringing and “middle class psychosis.”

The CEO suggests that the actual middle class income range in India is significantly lower, ranging from ₹5-8 lakh per year. She emphasizes that applying a single average income to the entire population of 140 crore people is “meaningless,” as the per capita income varies greatly, with around 10 crore people earning $12,000-14,000 and over 100 crore living on less than $2,000 per year.

Social media has also played a significant role in shaping modern aspirations and dissatisfaction, amplifying financial anxiety and the perception of “not having enough.” The constant comparison on social media platforms has created a sense of competition, where individuals feel pressured to maintain a certain lifestyle, take vacations, and prioritize fitness, leading to a sense of inadequacy and financial stress. This has resulted in a situation where even high-income earners, such as those with salaries of ₹70 lakh, feel that they do not have enough.

The Edelweiss CEO’s comments highlight the need to reevaluate the concept of the middle class in India, taking into account the vast income disparities and the impact of social media on modern aspirations. The debate raises important questions about the definition of middle class, the effects of social media on financial satisfaction, and the need for a more nuanced understanding of income and lifestyle in India. Ultimately, the notion that ₹70 lakh is no longer considered middle class serves as a reminder that the concept of middle class is complex and multifaceted, and that it is time to reassess our understanding of this term in the context of modern India.

Radhika Gupta, CEO of Edelweiss Mutual Fund, has been offering advice to investors on social media platform X. She emphasizes the importance of creating a portfolio that is tailored to an individual’s own needs and goals, rather than following the advice of others. Gupta uses the phrase “suno sabki, portfolio apni,” which translates to “listen to everyone, but create your own portfolio.” She notes that it’s easy to get influenced by the opinions of others, such as friends, family members, or neighbors, but it’s essential to make decisions based on one’s own risk tolerance, investment horizon, and goals.

Gupta also addresses the common misconception that Systematic Investment Plans (SIPs) and mutual funds are different. She explains that mutual funds are like a food court, offering a variety of investment options, while equity is a specific type of investment. She compares doing an SIP to subscribing to a meal plan, rather than buying individual dishes every day or month. This analogy helps to simplify the concept and make it more accessible to investors.

The CEO’s advice is timely, given the current trend of negative net SIP growth, with nearly 112 lakh SIPs closed in 2025. Gupta’s message is clear: investors should focus on creating a portfolio that is right for them, rather than following the crowd. She hopes to simplify these basics in her upcoming book, “Mango Millionaire,” which will be available from July 15. The book aims to provide simple concepts, stories, and ideas to help everyone understand investing.

As a reliable and trusted news source, it’s essential to note that Gupta’s recommendations and views are her own and do not represent the views of the Economic Times. However, her advice is worth considering, especially for those who are new to investing or looking to create a personalized portfolio. By following Gupta’s guidance and doing their own research, investors can make informed decisions and create a portfolio that aligns with their individual needs and goals. Ultimately, the key to successful investing is to stay informed, avoid blindly following others, and create a portfolio that is truly your own.

The Edelweiss airline recently celebrated its inaugural flight from Zurich to Seattle, using an Airbus A340. The event was covered by two aviation enthusiasts, David and Francis Zera, who were excited to see the new international carrier start service at their home airport. The A340 is a favorite among aviation enthusiasts, and the team was eager to experience the inaugural flight.

As part of the celebration, the team was treated to a water cannon salute, which is a traditional way to welcome a new airline to an airport. However, this time, the experience was more intense than expected. David, who was standing close to one of the fire trucks, got completely soaked by the water cannon, which was exacerbated by the strong wind blowing in his direction. Despite being drenched, David enjoyed the experience, finding it exhilarating and refreshing, especially on a hot day.

After the water cannon salute, the team was able to take photos of the Edelweiss A340, admiring its red-and-white livery and four engines. They then headed back to the terminal to attend the speeches and ribbon-cutting ceremony, which marked the official launch of the new route. The flights between Zurich and Seattle can be booked for travel in September 2025 and between May and August 2026.

The experience was a memorable one for David, who appreciated the unexpected twist on the traditional inaugural celebration. The event was a testament to the excitement and enthusiasm that comes with witnessing the launch of a new airline route. As an aviation enthusiast, David was thrilled to see the Edelweiss A340 up close and to experience the thrill of the water cannon salute, even if it meant getting soaked.

The Airbus A340 is a unique aircraft, with its four engines and long-haul capabilities, making it a favorite among aviation enthusiasts. The Edelweiss airline’s decision to use this aircraft for its Zurich-Seattle route is a nod to the aircraft’s capabilities and the airline’s commitment to providing a high-quality travel experience. The inaugural flight marked the beginning of a new chapter in the airline’s history, and David was honored to be a part of it.

Radhika Gupta, the Chief of Edelweiss Mutual Fund, has taken to social media to advocate for a balanced approach to spending and saving. While her role involves promoting Systematic Investment Plans (SIPs), she emphasizes the importance of enjoying the fruits of one’s hard work. In a post on X (formerly Twitter), she wrote in both Hindi and English, encouraging individuals to find a middle ground between saving and spending on things that bring them joy.

Gupta acknowledged that her job is to sell SIPs, but she believes that it’s essential to enjoy the rewards of one’s labor. She noted that life is not just about accumulating wealth, but about living joyfully. She emphasized that saving is crucial, but it’s equally important to spend on things that bring happiness, making the journey worthwhile.

This advice comes from a prominent figure in the finance industry who has extensively promoted SIPs as a stable and accessible investment option for common retail investors. Gupta has cautioned against blindly following finfluencers who often create a sense of fear of missing out (FOMO) to push high-risk investment opportunities. Instead, she advocates for a collective trust in investment instruments, which gives the Indian capital markets their stability.

Gupta’s message is clear: while saving and investing are essential, it’s equally important to enjoy the rewards of one’s hard work. She encourages individuals to find a balance between spending and saving, rather than prioritizing one over the other. By doing so, she hopes to promote a more joyful and fulfilling approach to life, rather than just focusing on accumulating wealth.

As a respected voice in the finance industry, Gupta’s advice is likely to resonate with many young Indians who are looking for guidance on how to manage their finances. Her emphasis on finding a middle ground between spending and saving is a refreshing take on the traditional approach to personal finance, which often prioritizes saving over enjoyment. By promoting a more balanced approach, Gupta hopes to encourage individuals to live more joyfully and make the most of their hard-earned money.

Radhika Gupta, the CEO of Edelweiss Mutual Fund, has written a book called Mango Millionaire, in which she emphasizes the importance of saving in achieving financial success. She compares saving to net practice in cricket, stating that just as a player cannot enter a game without practicing, an investor cannot succeed without mastering the art of saving. Gupta believes that savings are the foundation of financial success, and that it trains discipline, while investing is where goals are scored and wealth is built.

Gupta introduces the 10-30-50 savings rule, which is a methodical approach to accumulating wealth. According to this rule, individuals should aim to save 10% of their salary in their 20s, 30% in their 30s and 40s, and 50% in their 40s and beyond. She notes that beginners should start small and expand gradually over time, and that expenses such as retirement and children’s education should be taken into account.

To make saving easier, Gupta suggests the “Savings Deducted at Source” (SDS) hack, which involves automatically routing a portion of one’s income to savings instruments such as SIPs, RDs, or FDs before it can be spent. She believes that this approach can help individuals develop a habit of saving and make progress towards their financial goals.

Gupta also emphasizes that the practice of saving is more important than the amount of money saved. She states that initially, forming the habit of saving is more important than the percentage of money saved, and that habits beat amount when it comes to achieving financial success. The book, co-authored with Niranjan Avasthi, provides practical advice on budgeting, saving, investing, debt management, risk, and taxes, and aims to enable people to take control of their financial future.

Overall, Gupta’s book emphasizes the importance of saving and provides a practical approach to accumulating wealth. By following the 10-30-50 savings rule and using the SDS hack, individuals can develop a habit of saving and make progress towards their financial goals. The book is a crisp guide to smart financial planning, and is relevant to individuals of all ages and income levels.

The recent transaction between Edelweiss Financial Services Limited (EFSL), Edelweiss Mutual Fund (Edelweiss MF), and WestBridge has significant implications for all parties involved. For EFSL, this deal highlights the company’s objective of creating and unlocking value in its mutual fund business. It demonstrates EFSL’s commitment to driving growth and maximizing returns in this sector.

From Edelweiss MF’s perspective, the transaction strengthens its growth trajectory, paving the way for the company to become an institutionalized, independent business. This development is expected to enhance Edelweiss MF’s market position, allowing it to capitalize on emerging opportunities and solidify its presence in the industry.

For WestBridge, this investment marks a strategic entry into the high-growth mutual fund business. By partnering with Edelweiss MF, WestBridge gains access to a well-governed and established player with proven leadership and significant scale potential. This move is likely to enable WestBridge to tap into the growing demand for mutual fund products and services, driven by increasing financial awareness and investment appetite among Indian investors.

The transaction is a testament to the attractiveness of India’s mutual fund industry, which has experienced rapid growth in recent years. The deal also underscores the importance of strategic partnerships and collaborations in driving business expansion and value creation. By coming together, EFSL, Edelweiss MF, and WestBridge can leverage their collective strengths, expertise, and resources to achieve their respective objectives and create long-term value for their stakeholders.

Overall, the transaction between EFSL, Edelweiss MF, and WestBridge is a positive development that is expected to have a significant impact on the mutual fund industry in India. It highlights the growing interest in this sector, driven by its potential for growth and returns, and demonstrates the willingness of investors to partner with established players to achieve their goals. As the Indian mutual fund industry continues to evolve, it is likely that we will see more such strategic transactions and partnerships, driving further growth and innovation in this space.

Radhika Gupta, the CEO of Edelweiss Mutual Fund, has been sharing her thoughts on personal finance and other social issues on social media. Recently, she emphasized the importance of adopting a balanced approach to personal finances, going beyond just saving and investing for the long-term. She encouraged individuals to enjoy the fruits of their labor and spend on things that bring them joy, rather than just focusing on accumulating wealth. Gupta believes that life is not just about accumulating wealth, but about living a joyful and fulfilling life.

Gupta also addressed a common financial myth, using the analogy of food to explain the connection between SIPs, mutual funds, and equities. She expressed frustration that many people still think that SIPs and mutual funds are different, and that mutual funds only refer to equity investments. She clarified that SIPs are a way of investing in mutual funds, which can include a variety of asset classes, including equities, debt, and others.

In addition to her thoughts on personal finance, Gupta has also weighed in on social issues, such as India’s rising obesity problem. She suggested that restaurants could offer half-plate portions for all menu items, which would allow diners to eat smaller portions without wasting food or money. Gupta believes that this could be a simple and effective way to encourage healthier eating habits, and she proposed that restaurants could price half-plates at just above 50% of the full portion to maintain their margins.

Overall, Radhika Gupta’s comments reflect her commitment to promoting financial literacy and well-being, as well as her interest in addressing broader social issues. Her approach to personal finance emphasizes the importance of balance and enjoying life, rather than just focusing on accumulating wealth. Her suggestions for tackling social issues, such as obesity, demonstrate her willingness to think creatively and offer practical solutions to complex problems. By sharing her thoughts and ideas on social media, Gupta is helping to promote a more nuanced and informed discussion of personal finance and social issues in India.

As India’s life insurance sector continues to evolve, companies like Edelweiss Life Insurance are rethinking their distribution, technology adoption, and customer engagement strategies. The company’s Chief Operating Officer, Kayzad Hiramanek, emphasizes the importance of a digital-first approach, with over 75% of their applications, platforms, and data hosted on the cloud. This enables the company to provide a seamless customer experience, enhanced distributor experience, and superior customer service.

Hiramanek believes that the life insurance sector in India faces several barriers to adoption, including low financial literacy, complexity of insurance products, and limited awareness about the importance of insurance. However, he notes that regulatory support, product simplification, and innovations like Bima Sugam and Bima Vahak have improved access to insurance and increased trust in the ecosystem.

The government’s push to bring cooperatives under the insurance umbrella is also expected to increase insurance penetration, especially in rural areas. Hiramanek highlights the importance of group insurance and microfinance in expanding reach and notes that the government’s efforts, such as the PM Jeevan Jyoti Bima Yojana, have already brought many people under insurance coverage at a low cost.

Regarding regulatory initiatives, Hiramanek believes that the Insurance Regulatory and Development Authority of India (IRDAI) has taken a proactive approach with the goal of “Insurance for All by 2047.” Initiatives like the sandbox framework, voice-based application forms, and state-level financial literacy efforts are enhancing outreach and operational efficiency.

Edelweiss Life Insurance is differentiating itself through its technology-led approach, with a focus on customer-centric product design and operational agility. The company’s platform, U2, facilitates structured discussions between salespeople and customers to identify protection gaps and determine suitable products.

Hiramanek is cautious about the potential of Artificial Intelligence (AI) in underwriting and risk profiling, noting that while it holds promise, large-scale transformative applications are yet to be seen. However, he believes that conversational AI is likely to play a meaningful role in customer service in the near future. Over the next five years, he expects Agentic AI technology to have a significant impact on the sector, replicating or replacing human effort in routine tasks.

Ultimately, Hiramanek emphasizes the importance of democratizing information and empowerment, allowing people to take decisions, fail, and learn from their failures. As a leader, he focuses on hiring individuals with the right attitude, willingness to learn, and ability to work in a team, and believes that this approach is essential for driving growth and innovation in the life insurance sector.

Edelweiss Financial Services Limited (EFSL) has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) with an effective annual yield of up to 10.50%. The issue, which opens on July 8, 2025, and closes on July 21, 2025, offers NCDs with a face value of INR 1,000 each, aggregating up to INR 300 crore. The NCDs are rated Crisil A+/Stable by Crisil Ratings Limited, indicating strong creditworthiness with a stable outlook.

The NCDs are available in 12 different series with tenures ranging from 24 to 120 months, offering fixed interest rates. Investors can choose from annual, monthly, or cumulative interest payment options, with effective annual yields ranging from 9.00% to 10.49%. The proceeds from the issue will be utilized for repayment or prepayment of existing borrowings (at least 75%) and general corporate purposes (up to 25%).

The allotment of NCDs will be done on a first-come, first-served basis, with oversubscription being handled on a proportionate basis. The issue is being managed by three companies, and the NCDs will be listed on BSE Limited, ensuring liquidity for investors. EFSL, established in 1995, has diversified into various financial services, including retail and corporate credit, asset management, and insurance. The company has a network of 255 offices and over 5,600 employees, serving approximately 9.73 million customers.

For investors seeking stable, fixed-income returns with credible ratings, this NCD issue presents a promising opportunity. With a strong credit rating and a range of tenure options, the NCDs offer a relatively low-risk investment option with attractive returns. The issue is expected to attract investors looking for a stable investment option with a fixed income stream. Overall, the EFSL NCD issue provides an opportunity for investors to diversify their portfolios and earn attractive returns in a relatively low-risk investment environment.

Edelweiss, a Swiss airline, has launched a new route from Zurich to Halifax, a port city in Canada. The flights, which will operate on Thursdays and Sundays, will be serviced by an Airbus A340-300 until mid-October. This new route marks Edelweiss’ third destination in Canada, after Vancouver and Calgary. According to Patrick Heymann, Chief Commercial Officer of Edelweiss, the addition of Halifax to their route network opens up a new and exciting region of Canada to travelers, offering a unique blend of maritime charm, unspoilt nature, and cultural diversity.

Halifax, the capital of Nova Scotia, is a city that delights visitors with its lively cultural scene, historic sites, and charming old town. The city’s waterfront promenade is perfect for strolling, and its cozy pubs, cafes, and galleries add to its charm. As a base for exploring the region, Halifax offers access to a range of natural wonders, including the spectacular cliffs of Cape Breton Highlands National Park, beautiful beaches, and picturesque fishing villages. The region’s landscape is particularly impressive during autumn, when the forests turn bright shades of yellow, orange, and red.

The new route is expected to appeal to travelers and nature lovers alike, offering a range of outdoor experiences and a chance to experience the typical Canadian warmth and renowned cuisine, which is famous for its fresh seafood. With the addition of Halifax to its route network, Edelweiss is expanding its presence in Canada and providing travelers with more options for exploring this beautiful country. Whether you’re interested in culture, nature, or cuisine, Halifax and the surrounding region have something to offer, making it an exciting new destination for Edelweiss passengers.

Radhika Gupta, the CEO of Edelweiss Mutual Fund, has sparked an online debate by criticizing the luxury fashion brand Prada for showcasing sandals that closely resemble India’s traditional Kolhapuri chappals. Gupta took to social media to express her disappointment, stating that Prada is selling these sandals for over ₹1 lakh without giving due credit to the original artisans. She emphasized the need for Indians to preserve, brand, and benefit from their own cultural wealth, rather than letting global brands profit from it.

Gupta’s remarks quickly went viral, with many others joining the conversation to call for the recognition and preservation of India’s textile heritage. Billionaire Harsh Goenka also weighed in on the issue, criticizing Prada for selling products that look like Kolhapuri chappals at such a high price tag. He noted that Indian artisans make the same products by hand for a fraction of the cost, but are often overlooked in favor of global brands.

The controversy surrounding Prada’s Kolhapuri-inspired sandals began after the brand launched its Spring/Summer 2026 men’s collection. The sandals in question are open-toe, braided leather footwear that bear a striking resemblance to Kolhapuris, a GI-tagged handcrafted footwear from Maharashtra and Karnataka. In response to the backlash, Prada has scheduled a virtual meeting with the Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA) to explore potential collaborations, including co-branded collections and skill development initiatives.

Gupta’s comments highlight the importance of preserving and promoting India’s rich cultural heritage, particularly in the textile and handicraft sectors. She emphasized that every child knows about global brands like Prada and Gucci, but few are aware of Indian brands like Himroo, Sambalpuri, or Narayanpet. By promoting and preserving India’s cultural wealth, Gupta believes that Indians can benefit from their own heritage and prevent global brands from profiting from it without proper credit or compensation. The controversy has sparked a wider conversation about cultural appropriation and the importance of recognizing and respecting traditional craftsmanship.

Edelweiss Asset Reconstruction Company Limited (EARC) has issued an Expression of Interest (EOI) to invite investors and developers to take over and complete a stalled real estate project in Khar (West), Mumbai. The 1.7-acre project, known as Joy Legend, is located in a prime area, within less than 1 km proximity to Linking Road and 2-3 km from Bandra Railway Station, Khar Railway Station, and other colleges and hospitals.

The project was originally undertaken by Joy Builders, which had borrowed ₹250 crore from ECL Finance Limited in 2019. However, the borrower defaulted on the loan, despite receiving multiple extensions and repayment deferments. The outstanding liability now totals ₹827.36 crore, including principal dues, accrued interest, default interest, and penal charges. The loan account was classified as a Non-Performing Asset (NPA) on June 30, 2023.

EARC has issued a formal demand notice to Joy Builders and its guarantors, seeking payment of the outstanding dues within 60 days. The notice warns that if the dues are not paid, EARC will enforce its security interest, which includes the entire project land and development rights, movable assets, receivables, and escrow accounts related to the project. The notice also prohibits any transfer, lease, or encumbrance of the secured assets without prior written consent of EARC.

The EOI issued by EARC invites developers to take over the project and complete it. The project is currently under construction, and the new developer will be responsible for completing the balance work. The EOI is a opportunity for developers to acquire a prime real estate project in a desirable location and complete it to its full potential.

The issuance of the demand notice and the EOI are part of EARC’s efforts to recover the outstanding dues from Joy Builders and its guarantors. EARC has stated that it may initiate civil or criminal proceedings or pursue further legal remedies to recover the dues, if necessary. The development of the Joy Legend project is expected to be a significant opportunity for developers, and the EOI is expected to attract interest from several major players in the real estate industry.

Edelweiss Asset Management Company (AMC) has announced a significant hike in the total expense ratio (TER) cap for its Bharat Bond ETFs, from a near-zero 0.0001% to 1%. This represents a 2,000% increase, which may have far-reaching implications for investors. However, the AMC has clarified that the actual expense is expected to be only a few basis points, with a possible increase to 0.02% for the time being. The TER represents the annual cost of managing a fund, expressed as a percentage of its daily net assets, and an increase in TER reduces net returns, lowering the compounding potential over time.

The increase in TER is due to a directive from the Securities and Exchange Board of India (Sebi) to include all operational, statutory, and mandatory expenses within the TER. The Bharat Bond ETFs were launched as a cost-effective solution for retail and institutional investors, with an initial TER cap of 0.0001% to 0.0005%. The AMC has been allowed to align its TER with Sebi regulations, which means that previously external administrative costs, such as audit fees, registrar and transfer agent fees, and marketing expenses, must now be covered within the TER.

The AMC has highlighted that investment management and advisory fees have been set to zero to ease the expense burden, but the inclusion of these other costs will cause the TER to increase. For investors, the hike in TER highlights the importance of staying informed and regularly reviewing investment documents to be prepared for such changes. Sebi regulations offer investors the flexibility to exit without any exit load between February 3, 2025, and March 4, 2025.

It’s also important to note that indexation benefits are no longer available on Bharat Bond ETFs, which means that gains from these investments will now be taxed at an investor’s marginal tax rate, significantly reducing post-tax returns. However, investments made prior to April 2023 have been grandfathered, and gains in them after two years will be taxed at 12.5% (long-term capital gains tax). As of February 4, the Bharat Bond ETFs have delivered returns ranging from 5.49% to 8.51% since their inception, and Edelweiss Mutual Fund manages an AUM of around ₹58,000 crore in these ETFs.

Edelweiss Asset Management (Edelweiss AMC) has launched a dedicated platform for Specialized Investment Funds (SIFs) called ‘altiva SIF’. This move is a strategic early entry into a fast-evolving investment space, as sanctioned by the Securities and Exchange Board of India (SEBI). SIFs are a new asset class that aims to fill the gap between traditional Mutual Funds (MFs) and Portfolio Management Services/Alternative Investment Funds (PMS/AIFs). They offer investors a middle-ground solution, providing more portfolio flexibility while maintaining regulatory oversight and investor protection.

The launch of altiva SIF is a significant development in the Indian financial landscape, with Edelweiss AMC being one of the first to enter this new asset class. The brand name altiva is derived from “altitude” and represents the values of resilience, agility, and disciplined intent. The first SIF offering under this brand is expected to launch in the hybrid category, pending final SEBI clearance. This will be one of the first SIFs to be launched in India, catering to investors with a minimum investment threshold of INR 10 lakh.

SEBI introduced the SIF framework in a consultation paper in July 2024, recognizing the gap in the investment landscape. These funds will offer more advanced and flexible options than SIP-driven mutual funds, including the use of derivatives for active positioning. Edelweiss AMC’s entry into SIFs is backed by years of building deep capabilities in fundamental, factor-based, and fixed income investing. The fund house aims to offer purpose-built solutions to help investors build resilient, adaptive portfolios in a world of increasing market volatility and changing financial goals.

Other major fund houses, such as Quant, Axis, and Nippon, have also announced their plans to enter the SIF space. Edelweiss AMC expects a lot of new products in the near term, with over 60-70 SIF schemes potentially being launched across the industry in the next few years. However, the company has issued a cautionary note, highlighting that investments in SIFs carry relatively higher risks, including capital loss, liquidity constraints, and market volatility. Investors are urged to conduct thorough due diligence and carefully review scheme-related documents before making allocation decisions.

The launch of altiva SIF represents a fundamental shift in the investment ecosystem and Edelweiss’s commitment to redefining portfolio construction for a new era. With SEBI’s blessing and first-mover advantage, Edelweiss AMC is well-positioned to shape the evolution of Specialized Investment Funds in India. As investor preferences mature and market complexity grows, platforms like altiva SIF are expected to play a pivotal role in offering customized, dynamic, and regulation-aligned investment solutions that meet the ambitions of India’s next-generation wealth creators.

On June 2, 2025, Edelweiss, Switzerland’s premier leisure airline, celebrated the launch of its inaugural flight from Zurich to Seattle, marking a significant expansion of its transatlantic offerings. The launch event, held at Zurich Airport, featured a ribbon-cutting ceremony attended by Edelweiss CEO Bernd Bauer, Chief Commercial Officer Patrick Heymann, and other dignitaries. This new route connects Switzerland to the vibrant US Pacific Northwest, with Seattle becoming the airline’s fourth US destination, joining Tampa Bay, Las Vegas, and Denver.

The seasonal service to Seattle will operate on Mondays and Saturdays until September 15, 2025, using an Airbus A340 with 314 seats. According to Bernd Bauer, CEO of Edelweiss, “Seattle captivates with its innovative spirit and rich cultural diversity,” making it a dream destination for many passengers. The new direct route from Zurich ensures a seamless and enjoyable travel experience, allowing travelers to explore the city’s iconic landmarks, trendy neighborhoods, and stunning natural beauty.

Seattle, nestled between Puget Sound and the Cascade Mountains, offers a unique blend of natural beauty and urban charm. Visitors can marvel at iconic landmarks like the Space Needle, explore vibrant museums and cozy cafés, or immerse themselves in the city’s outdoor activities, such as hiking in national parks or embarking on a scenic road trip. The region’s stunning landscapes, from rugged mountains to serene waterfronts, make it a haven for outdoor enthusiasts and culture seekers alike.

Edelweiss, as a sister company of Swiss International Air Lines (SWISS) and part of the Lufthansa Group, is committed to providing warm hospitality, passenger safety, and comfort. With a focus on creating unforgettable travel experiences, Edelweiss ensures that every journey is as enjoyable as the destination itself. The airline’s expansion into the US market is a significant milestone, and the new Seattle route is expected to be a popular choice for travelers seeking to explore the Pacific Northwest. Overall, Edelweiss’s inaugural flight to Seattle marks an exciting new chapter in the airline’s transatlantic offerings, providing travelers with a convenient and comfortable way to experience the beauty and charm of the US Pacific Northwest.

The Reserve Bank of India (RBI) has lifted the business restrictions it had imposed on ECL Finance Ltd. and Edelweiss Asset Reconstruction Company Ltd., two entities belonging to the Edelweiss Group, with immediate effect. The restrictions were put in place on May 29, 2024, due to supervisory concerns. ECL Finance Ltd. was restricted from undertaking any structured transactions in respect of its wholesale exposures, while Edelweiss Asset Reconstruction Company Ltd. was prohibited from acquiring financial assets, including security receipts, and reorganizing existing security receipts into senior and subordinate tranches.

However, following engagement with the RBI, the two companies have taken remedial measures to address the regulatory concerns. The RBI has now satisfied itself with the submissions and measures put in place by the companies, and has decided to lift the restrictions. The banking regulator has noted that the companies have committed to adhering to regulatory guidelines at all times and on an ongoing basis.

The lifting of the restrictions is a significant development for the Edelweiss Group, which had been facing challenges due to the business restrictions. The company had been working with the RBI to address the concerns, and the lifting of the restrictions is a positive outcome. The decision is expected to have a positive impact on the company’s operations and its ability to conduct business in the normal course.

The RBI’s decision to lift the restrictions is also a reflection of the regulator’s commitment to ensuring that supervised entities comply with regulatory guidelines and requirements. The RBI had imposed the restrictions to address supervisory concerns, and the lifting of the restrictions indicates that the companies have taken the necessary steps to address these concerns. The development is expected to have a positive impact on the financial sector, as it demonstrates the RBI’s commitment to ensuring compliance with regulatory requirements.

Radhika Gupta, the Managing Director and CEO of Edelweiss Mutual Fund, has praised US President Donald Trump’s recent executive order, which aims to reduce regulatory burdens by mandating the removal of 10 existing rules for every new one introduced by any agency. Gupta took to social media to express her admiration for the move, stating that it will help keep regulations up to date without increasing the cost of compliance. She compared the approach to a mother asking her child to get rid of old shoes before buying a new pair, highlighting the benefits of limiting “cupboard space” and “cost spent” on compliance.

The executive order, signed by President Trump on January 31, 2025, is part of a broader initiative to reduce regulatory burdens and promote economic growth. The order requires agencies to identify at least 10 existing rules or regulations to eliminate before introducing a new one. The Director of the Office of Management and Budget will oversee the implementation of this initiative, ensuring standardized measurement and estimation of regulatory costs.

The Trump administration has argued that excessive regulation is a major obstacle to economic growth, entrepreneurship, and innovation. The White House release accompanying the executive order claimed that the Biden administration had imposed $1.7 trillion in costs on the American people through overregulation. The Trump administration believes that its 10-to-1 deregulation initiative will help to mitigate this problem, promoting job creation, consumer choice, and innovation.

Gupta’s endorsement of the executive order reflects her appreciation for the potential benefits of regulatory reform. By streamlining regulations and eliminating outdated rules, the Trump administration hopes to create a more business-friendly environment and stimulate economic growth. While the effectiveness of this approach remains to be seen, Gupta’s comments suggest that some industry leaders are optimistic about the potential benefits of regulatory reform. Overall, the executive order represents a significant shift in the US regulatory landscape, with potential implications for businesses, consumers, and the broader economy.

Edelweiss Asset Management has launched a new open-ended low duration debt scheme, Edelweiss Low Duration Fund, with a minimum investment amount of Rs 100. The fund aims to generate income by investing in debt and money market securities with a Macaulay duration of 6-12 months, striking a balance between stability and returns. The scheme is suitable for investors seeking short-term income with low to moderate risk.

According to Radhika Gupta, Managing Director and CEO of Edelweiss Mutual Fund, the recent tax slab revisions have made debt mutual funds like Edelweiss Low Duration Fund tax-efficient for retail investors. With the new tax regime, investors can claim a rebate if their total annual income, including capital gains, remains within Rs 12 lakh.

The Edelweiss Low Duration Fund is designed to cater to both individual and institutional investors, offering a short-term investment option with low to moderate risk. The fund will be managed by Pranavi Kulkarni and Rahul Dedhia. The new fund offer (NFO) is open for subscription until March 18.

The launch of the fund comes at a time when investor interest in low-duration funds is on the rise, with the category witnessing net inflows of Rs 6,618 crore in the last six months. The Reserve Bank of India (RBI) is expected to inject more liquidity into the banking system, which is likely to result in the gradual easing of short-term yields, making it an opportune time for investors to consider low-duration strategies.

The fund’s investment objective is to provide a relatively high-interest rate risk and moderate credit risk, making it suitable for investors seeking income over the short-term. With a low minimum investment amount and the option to invest in multiples of Re 1, the fund is accessible to a wide range of investors. Overall, the Edelweiss Low Duration Fund offers a viable option for investors looking for a short-term investment solution with relatively low risk.

The Securities and Exchange Board of India (SEBI) has set a minimum investment threshold of Rs 10 lakh for Scheme of Investment Funds (SIFs). This higher entry point is due to the increased complexity of SIFs, which often involve the use of derivatives and may have limited liquidity in certain categories. According to industry experts, derivatives require a deeper understanding and nuance, making them more suitable for savvier investors.

The use of derivatives in SIFs can be complex, and the liquidity terms may differ from the daily liquidity typically associated with mutual funds. As a result, SEBI mandates that SIFs operate under a distinct brand to differentiate them from traditional mutual funds. This separation is intended to provide clarity for investors and ensure that they understand the unique characteristics and risks associated with SIFs.

The creation of a separate brand name, such as ‘Altiva SIF’, is a deliberate effort to distinguish SIFs from traditional mutual funds. This separation is necessary because SIFs cater to investors with a higher risk appetite and greater financial literacy. By setting a higher minimum investment threshold and requiring a distinct brand, SEBI aims to ensure that investors are aware of the potential risks and complexities involved with SIFs.

The higher minimum investment threshold of Rs 10 lakh is designed to filter out investors who may not have the necessary financial sophistication or risk tolerance to invest in SIFs. By limiting access to these funds, SEBI hopes to protect investors from potential losses and ensure that they are making informed investment decisions. Overall, the regulations surrounding SIFs are intended to promote transparency, clarity, and investor protection in the Indian mutual fund industry.

The Calcutta High Court has made a significant ruling in a case involving the Goods and Services Tax (GST) refund. The petitioner, Edelweiss Rural & Corporate Services Limited (Edelweiss), had approached the Court after being aggrieved by contradictory orders issued by the Revenue Department. Edelweiss had previously successfully appealed against a refund rejection order and had filed a new refund application in October 2023. However, the Revenue Department issued a refund sanction order that directed the refund amount to be paid into the company’s Electronic Credit Ledger, despite the fact that the company had ceased its business operations and its registration had been cancelled.

The Court noted that this decision was contradictory to the original sanctioning order, which had stated that the refund amount would be paid to the company’s bank account. The single-judge bench of Justice Raja Basu Chowdhury observed that the petitioners had closed down their business operation and its registration had already been cancelled, and that no tax was due payable by the petitioner. The Court instructed the Deputy Commissioner to reconsider and rectify this contradiction, granting a period of six weeks to make a new determination after providing an opportunity for a hearing to the petitioner.

The Court’s ruling is significant as it highlights the importance of ensuring that GST refund orders are consistent and do not prejudice the taxpayer. The Court’s decision also underscores the need for the Revenue Department to follow proper procedures and provide opportunities for hearing to taxpayers before making decisions that affect their rights. The case is a reminder that taxpayers have the right to approach the Courts to challenge decisions that are contradictory or unjust, and that the Courts will intervene to ensure that justice is served.

The petitioners were represented by Ankit Kanodia, Megha Agarwal, Tulika Roy, and Piyush Khaitan, while the respondents were represented by Anirban Ray, Md. T. M. Siddiqui, Tanoy Chakraborty, and Saptak Sanyal. The Court’s judgment is a victory for Edelweiss, which had been seeking a refund of ₹68,66,238. The case will likely have implications for other taxpayers who are seeking GST refunds and are facing similar challenges. The Court’s ruling is a reminder that the GST regime is still evolving, and that the Courts will play an important role in shaping its development and ensuring that it is fair and just.

Edelweiss Asset Management Limited, one of India’s fastest-growing asset management companies, has launched a new brand identity called “altiva SIF” for its Specialized Investment Funds (SIFs) business. This move reinforces the company’s commitment to innovation and unique product offerings. The altiva SIF will provide differentiated investment solutions across equity, hybrid, and fixed income categories, catering to the evolving needs of investors.

According to Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, the launch of altiva SIF marks the company’s early entry into the promising and fast-evolving SIFs space. She believes that SIFs represent the next evolution in investment solutions, offering a powerful bridge between traditional mutual funds and Portfolio Management Services (PMS)/Alternative Investment Funds (AIFs). SIFs have the potential to redefine how portfolios are constructed and managed, and Edelweiss is excited to leverage its deep, differentiated capabilities to shape this emerging category.

The name “altiva” is inspired by the word “altitude,” embodying the resolve to rise above, the vision to see beyond, and the discipline to move with intent. It represents the pinnacle of investment and is inspired by the spirit of Edelweiss, a rare alpine flower known for thriving in challenging environments. The altiva SIF will be backed by a seasoned team of investment experts with expertise in fundamental, factor-based, and fixed income investments.

The launch of altiva SIF is a strategic move by Edelweiss to cater to the growing sophistication of investor expectations. As investors become more discerning, they require innovative and agile investment solutions that can help them navigate complex markets. Edelweiss is well-positioned to capitalize on this trend, with its strong track record of innovation and customer-centric approach. With the launch of altiva SIF, Edelweiss is poised to make a significant impact in the SIFs space and provide investors with unique and differentiated investment opportunities.

Edelweiss Asset Management Limited has launched a new brand identity called “altiva SIF” as it enters the Specialized Investment Funds (SIFs) space. This move positions Edelweiss as one of the first asset management companies in India to formally build out offerings in this emerging category. The altiva SIF platform aims to offer a range of investment solutions in equities, hybrids, and fixed income, catering to the changing requirements of investors looking for options outside of conventional mutual funds.

According to Radhika Gupta, MD & CEO of Edelweiss Mutual Fund, SIFs represent the next evolution in investment solutions, offering a powerful bridge between traditional mutual funds and Portfolio Management Services (PMS)/Alternative Investment Funds (AIFs). altiva SIF is designed to provide agile and innovative solutions that can reshape how portfolios are built. The brand draws inspiration from “altitude,” symbolizing ambition, discipline, and vision, which will guide Edelweiss’ approach in the SIF segment.

The introduction of SIFs by the Securities and Exchange Board of India (SEBI) aims to bridge the gap between Mutual Funds (MFs) and Portfolio Management Services (PMS). SIFs offer a balanced approach, providing portfolio flexibility while ensuring adherence to regulatory requirements and safeguarding investor interests. Edelweiss AMC, with its expertise across fundamental, factor-based, and fixed income investing, is well-positioned to capture opportunities that require both flexibility and precision.

The altiva SIF platform seeks to offer purpose-built solutions that truly make a difference, leveraging Edelweiss’ deep, differentiated capabilities to shape this emerging category. With the launch of altiva SIF, Edelweiss AMC enters a space that blends the scale of mutual funds with the bespoke strategy orientation of alternative investments. This move is expected to redefine how portfolios are constructed and managed, offering investors a blend of flexibility and regulatory protection.

Overall, the launch of altiva SIF marks a significant milestone for Edelweiss AMC, as it forays into the SIF space and provides investors with innovative and agile investment solutions. With its commitment to delivering differentiated, next-generation investment products, Edelweiss AMC is poised to lead the way in shaping the SIF category and redefining the investment landscape in India.

Edelweiss Pianos, a prestigious British piano company founded in 1975, has launched a revolutionary piano configurator that allows clients to design and customize their own pianos. This innovative tool, available online and in-store, enables customers to choose from a wide range of colors and finishes to create a unique and personalized instrument that reflects their individual style and home decor. The configurator is a significant milestone in Edelweiss Pianos’ commitment to providing high-quality, tailored musical experiences.

According to Danny Norman, the launch of the piano configurator empowers clients to bring their creative visions to life, ensuring that every piano is as unique as the person playing it. Edelweiss Pianos has a long history of innovation, having introduced the Virtuoso self-play system and created bespoke pianos for clients across the UK, USA, and the Middle East. The introduction of the piano configurator further solidifies the company’s reputation as a leader in combining traditional craftsmanship with modern technology.

The piano configurator can be accessed on the Edelweiss Pianos website, allowing customers to explore the possibilities of creating a custom piano that reflects their unique taste and style. This launch marks a significant transformation in the piano purchasing experience, making it more interactive and personalized than ever before. Edelweiss Pianos continues to uphold its legacy of excellence and innovation, ensuring that each piano is a masterpiece tailored to the desires of its owner.

As a renowned piano company, Edelweiss Pianos has established itself as a pioneer in the industry, pushing the boundaries of what is possible in piano design and technology. With the launch of the piano configurator, the company is set to revolutionize the way people interact with pianos, providing a unique and personalized experience that is tailored to each individual’s needs and preferences. Whether you’re a musician, a music lover, or simply someone who appreciates the beauty of a well-crafted instrument, the Edelweiss Pianos configurator is an exciting development that is sure to impress.

Zuno General Insurance, backed by the Edelweiss Group, has reported a strong performance in the previous fiscal year, with a gross premium of approximately ₹1,000 crore. The company achieved a growth rate of 19%, outpacing the industry growth rate of 6%. Managing director and CEO Shanai Ghosh attributes this success to the company’s focus on innovation, experience, and efficiency. Zuno aims to maintain a growth trajectory of 2.5 to 3 times the industry rate, targeting a premium of around ₹1,250 crore in the current fiscal year.

Ghosh also discussed the company’s approach to the Insurance Regulatory and Development Authority of India’s (Irdai) expenses of management (EoM) guidelines. As a new insurer, Zuno is currently above the 30% EoM threshold, but the company is working to bring its expenses within regulatory limits. To achieve this, Zuno is adjusting its product mix to ensure that it stays within the EoM limits. The company is leveraging its asset-light and tech-first approach to keep fixed costs under control.

Zuno’s product mix is currently dominated by motor insurance, which accounts for around 58% of its portfolio. However, the company is deliberately diversifying its product offerings to reduce its dependence on motor insurance. Over the next three to four years, Zuno expects motor insurance to contribute around 40-45% of its portfolio, with health insurance accounting for 35-40%, and other segments such as commercial insurance making up the remaining 15-20%.

Despite projections of subdued vehicle sales, Ghosh is confident that Zuno can continue to grow at 2.5 to 3 times the industry rate. The company’s ability to grow in challenging markets, such as during the last fiscal year when the motor insurance industry premiums grew in single digits, demonstrates its resilience. Zuno’s focus on innovation, experience, and efficiency, combined with its carefully chosen product mix, is expected to drive growth and help the company achieve its target of breaking even in FY27. Overall, Zuno General Insurance is well-positioned to continue its upward trajectory and establish itself as a major player in the Indian general insurance market.

Edelweiss Mutual Fund CEO Radhika Gupta has emphasized the challenges of timing the markets, a task that proves difficult for both individual investors and experienced fund managers. In a post on social media platform X, Gupta questioned the predictability of recent market movements, citing the unpredictability of events such as geopolitical outcomes and trade deals. She pointed out that attempts to move in and out of the market based on such events often end in failure, as it is hard to accurately forecast market entry, exit, and re-entry points.

Gupta’s comments come at a time of significant market volatility, with sharp swings in the market driven by global economic signals and geopolitical developments. She noted that a substantial portion of annual returns can be attributed to just a few key trading days, which are inherently difficult to predict. This unpredictability underscores the challenges faced by investors trying to time their market entries and exits.

The CEO’s advice to investors is to adopt a long-term approach, staying invested and patient rather than trying to time the market. She humorously referred to this approach as suitable for “dumber” investors, implying that it is a simpler and more effective strategy than attempting to predict market fluctuations. Gupta’s comments resonate with the investment principle that timing the market is a futile endeavor, and that a well-diversified, long-term investment strategy is often the best approach for achieving financial goals.

By highlighting the difficulties of market timing, Gupta’s post serves as a reminder to investors to avoid making emotional decisions based on short-term market movements. Instead, they should focus on their long-term investment objectives and maintain a disciplined approach to investing. As market volatility is likely to continue, Gupta’s advice to stay invested and patient is a timely reminder of the importance of a well-thought-out investment strategy.

Edelweiss Asset Management Limited has announced the launch of its Edelweiss Low Duration Fund, an open-ended debt scheme that aims to generate income by investing in low-duration debt and money market securities. The New Fund Offer (NFO) will be open for subscription from March 11 to March 18, 2025. The fund’s investment objective is to provide a balance between stability and returns by actively managing a high-quality portfolio with a Macaulay duration between 6 and 12 months.

The fund is suitable for investors seeking income over the short-term with low to moderate risk. The minimum investment amount is Rs 100, with additional investments in multiples of Rs 1. Commenting on the launch, Radhika Gupta, Managing Director & CEO of Edelweiss Mutual Fund, said that the fund is designed to cater to both individual and institutional investors, offering a short-term investment option with low to moderate risk. She also highlighted that the recent tax slab revisions have made such debt mutual funds tax-efficient for retail investors.

The launch of the fund comes at a time when investor interest in low-duration funds is on the rise, with the category witnessing net inflows of Rs 6,618 crore in the last six months. The Reserve Bank of India’s (RBI) expected moves to inject liquidity into the banking system and purchase bonds in FY26 are likely to result in the easing of short-term yields, making it an opportune time for investors to consider low-duration strategies.

The scheme will be managed by Pranavi Kulkarni and Rahul Dedhia, Fund Managers at Edelweiss MF. With its low to moderate risk profile and potential for stable returns, the Edelweiss Low Duration Fund is an attractive option for investors looking for a short-term investment solution. The fund’s tax efficiency, combined with the expected market conditions, makes it a timely launch that is likely to generate significant interest among investors. Overall, the Edelweiss Low Duration Fund is a welcome addition to the market, providing investors with another option for managing their short-term investments.

Edelweiss Mutual Fund CEO Radhika Gupta has countered veteran fund manager S. Naren’s advice to exit the small and mid-cap segment, stating that a balanced approach with a long-term perspective is key to success. Naren had recently commented that small and mid-cap valuations were “absurd” and that investors should consider alternative options. Gupta took to social media to express her views, urging investors not to fall for fear mongering and instead focus on finding a good manager and holding on to investments for 10 years.

Gupta listed four key points for investors to consider: (1) a balanced portfolio with a mix of different asset classes, including mid and small caps, is essential; (2) returns from the top of the market cycle to the bottom may not be pleasant, but this is a normal part of the investment cycle; (3) liquidity is important, but can be managed; and (4) the key to making money is to hold on to Systematic Investment Plans (SIPs) for a long time, at least 10 years.

To support her argument, Gupta cited the performance of Edelweiss’ midcap fund, which has delivered a minimum return of 10% over rolling 10-year periods since its launch in 2007. She also noted that the fund has not delivered any negative returns over the past 10 years, with the minimum SIP return for the regular plan being 8%. Gupta concluded that these numbers are evidence that small and mid-cap investments can be a good option for investors with a long-term perspective.

Gupta’s comments are significant, as they offer a counterpoint to Naren’s views and provide reassurance to investors who may be considering exiting the small and mid-cap segment. By emphasizing the importance of a balanced approach and long-term perspective, Gupta is encouraging investors to take a more nuanced view of the market and not to make impulsive decisions based on short-term fluctuations. Overall, Gupta’s comments suggest that small and mid-cap investments can be a viable option for investors who are willing to take a long-term view and manage their risk effectively.

Edelweiss Financial Services Limited has announced a public issue of Secured Redeemable Non-Convertible Debentures (NCDs) worth up to ₹2,000 million. The issue will open on April 8, 2025, and close on April 24, 2025. The NCDs will have a face value of ₹1,000 each and will be offered in twelve different series with varying tenures, including 24 months, 36 months, 60 months, and 120 months. The interest rates on the NCDs will range from 9.50% per annum to 11.00% per annum, with options for annual, monthly, and cumulative interest payments.

The funds raised from the issue will be utilized primarily for the repayment or prepayment of existing borrowings, with at least 75% of the funds being used for this purpose. The remaining amount will be used for general corporate purposes, subject to a maximum of 25% of the issue amount. The NCDs have been rated “Crisil A+/Stable” by Crisil, indicating a stable outlook.

The lead managers for the issue are Trust Investment Advisors Private Limited, Nuvama Wealth Management Limited, and Tipsons Consultancy Services Private Limited. Nuvama Wealth Management Limited is an associate of the company and will be involved only in marketing the issue, as per regulatory requirements. The NCDs will be listed on the BSE Limited, providing liquidity to investors.

The issue is subject to the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021, and the company will comply with all applicable regulations. The effective annual interest yield on the NCDs makes them an attractive investment option for those looking for fixed income returns. With a stable rating and a well-established company like Edelweiss Financial Services Limited, the issue is likely to generate significant interest from investors. Overall, the issue provides an opportunity for investors to invest in a secure and stable investment option with a reputable company.

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The Reserve Bank of India (RBI) has lifted the restrictions imposed on ECL Finance Limited and Edelweiss Asset Reconstruction Company Limited, both part of the Edelweiss Group, after the companies implemented remedial measures to address the concerns raised by the RBI. In May 2024, the RBI had imposed business restrictions on the two companies for violating regulatory norms. The restrictions were put in place due to “material concerns” arising from the conduct of the group entities, which were observed during supervisory examinations.

The RBI had directed ECL Finance to cease and desist from undertaking structured transactions, while Edelweiss Asset Reconstruction was told to stop acquiring financial assets and reorganizing security receipts. The concerns arose from the companies’ practice of entering into structured transactions to evergreen stressed exposures, which circumvented applicable rules. The RBI also found incorrect valuation of security receipts, submission of incorrect details to lenders, non-compliance with loan-to-value norms, and non-adherence to Know Your Customer (KYC) guidelines.

Additionally, the RBI found that ECL Finance was used as a conduit to circumvent regulations, allowing it to acquire loans from non-lender entities within the group for ultimate sale to the group’s asset reconstruction company. Edelweiss Asset Reconstruction was also found to have violated regulations, including not placing supervisory letters before the board, non-compliance with loan settlement regulations, and sharing non-public client information with group entities.

After examining the remedial measures put in place by the companies, the RBI has lifted the restrictions, allowing them to resume normal business operations. The lifting of restrictions is a positive development for the Edelweiss Group, which had been facing regulatory issues. The RBI’s action highlights the importance of compliance with regulatory norms and the need for companies to maintain transparency and integrity in their operations. The incident also serves as a reminder to financial institutions to ensure that they are adhering to all relevant regulations and guidelines to avoid similar restrictions in the future.