Rise in Edelweiss Cap Net Profit

Rise in Edelweiss Cap Net Profit

It was recently seen that the institutional broking and investment banking firm Edelweiss Capital had reported a 27% increase in net profit for the quarter to March 2010.

It was noticed that the expanded financial services company’s net profit increased by 27% to Rs 56 crore, whereas the income from operations rose 44% to Rs 259 crore. A 17% increase was announced by the company in its net profit to Rs 245 crore and an increase by 8% in income to Rs 969 crore for the year ending in March 31, ’10.

Edelweiss launches ‘Diversified Growth Equity Fund’

EdelweissEdelweiss Asset Management Limited, the Investment Manager to Edelweiss Mutual Fund, has announced the launch of 'Edelweiss Diversified Growth Equity (E. D. G. E.) Fund' in the domestic market.

Edelweiss claims that this is the first diversified equity fund launched by the company and has a number of unique features to offer - some of which are industry firsts.

Union Bank Ties Up With Edelweiss Securities

Union Bank of India (UBI), a leading public sector lender, has announced that it has partnered with Edelweiss Securities, a part of Edelweiss Group, to roll out Wealth Management Services to cater its High Net worth Individuals (HNI) in Mumbai.

Under the conditions of the tie-up, Edelweiss will be contributing a whole range of wealth management products and alternative investment options such as structures product, Real Estate Funds, Art.